Income Statement Gyldendal ASA

Stocks

GYL

NO0004288200

Consumer Publishing

Market Closed - Oslo Bors Other stock markets 10:45:00 2026-07-15 EDT			5-day change	1st Jan Change
404.00 ^NOK	+1.00%		+1.00%	-14.04%

05-25	Gyldendal ASA announces Annual dividend, payable on June 30, 2026	CI
03-19	Gyldendal ASA Reports Earnings Results for the Full Year Ended December 31, 2025	CI

80b162c121e43f1a26b81.tA9iIEhc3xC6cwSxgVqPbl7EWPYuaCu0JnUyv-yZCoo.wXpSai4NqibXKinL4hTOHBmpbpV-AW_MTi913pzTe8H7YBJYZRe-du83NA

Published financial data: GYLDENDAL ASA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	2.52B	2.68B	2.67B	2.73B	2.92B
Total Revenues	2.52B	2.68B	2.67B	2.73B	2.92B
Cost of Goods Sold, Total	1.1B	1.09B	1.09B	1.12B	1.22B
Gross Profit	1.43B	1.59B	1.58B	1.61B	1.69B
Selling General & Admin Expenses, Total	721M	807M	897M	896M	910M
Depreciation & Amortization - (IS)	254M	270M	274M	276M	270M
Other Operating Expenses	412M	457M	416M	375M	401M
Other Operating Expenses, Total	1.39B	1.53B	1.59B	1.55B	1.58B
Operating Income	38.73M	58M	-7.97M	59.18M	113M
Interest Expense, Total	-16.7M	-20.16M	-23.21M	-26.65M	-24.12M
Interest And Investment Income	1.07M	6.2M	5.62M	3.7M	24.2M
Net Interest Expenses	-15.63M	-13.95M	-17.59M	-22.95M	83K
Income (Loss) On Equity Invest.	26.58M	-12.01M	-11.64M	-13.77M	-13.16M
Currency Exchange Gains (Loss)	-204K	-586K	-2.48M	-614K	2.26M
Other Non Operating Income (Expenses)	2.37M	1.41M	-3.66M	-3.13M	-3.98M
EBT, Excl. Unusual Items	51.85M	32.86M	-43.33M	18.72M	98.18M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	268K	-	-
Gain (Loss) On Sale Of Assets	-	192K	25K	-	-
Asset Writedown	-	-4.14M	-5.9M	-	-
EBT, Incl. Unusual Items	51.85M	28.91M	-48.94M	18.72M	98.18M
Income Tax Expense	9M	8.51M	-4.1M	2.09M	25.08M
Earnings From Continuing Operations	42.85M	20.4M	-44.84M	16.63M	73.11M
Net Income to Company	42.85M	20.4M	-44.84M	16.63M	73.11M
Minority Interest	-	-	6.4M	8.87M	8.16M
Net Income - (IS)	42.85M	20.4M	-38.44M	25.5M	81.26M
Net Income to Common Incl Extra Items	42.85M	20.4M	-38.44M	25.5M	81.26M
Net Income to Common Excl. Extra Items	42.85M	20.4M	-38.44M	25.5M	81.26M
Per Share Items
Net EPS - Basic	18.57	8.84	-16.66	11.05	35.22
Basic EPS - Continuing Operations	18.57	8.84	-16.66	11.05	35.22
Basic Weighted Average Shares Outstanding	2.31M	2.31M	2.31M	2.31M	2.31M
Net EPS - Diluted	18.57	8.84	-16.66	11.05	35.22
Diluted EPS - Continuing Operations	18.57	8.84	-16.66	11.05	35.22
Diluted Weighted Average Shares Outstanding	2.31M	2.31M	2.31M	2.31M	2.31M
Normalized Basic EPS	14.05	8.9	-8.96	8.91	30.13
Normalized Diluted EPS	14.05	8.9	-8.96	8.91	30.13
Dividend Per Share	10	7	-	3.5	8
Payout Ratio	53.85	113.08	-42.01	-	9.94
Supplemental Items
EBITDA	81.11M	115M	57.26M	113M	164M
EBITA	40.42M	59.69M	-3.66M	61.31M	115M
EBIT	38.73M	58M	-7.97M	59.18M	113M
EBITDAR	136M	159M	136M	198M	259M
Total Revenues (As Reported)	2.52B	2.68B	2.67B	2.73B	2.92B
Effective Tax Rate - (Ratio)	17.36	29.44	8.37	11.15	25.54
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	10.73M	10.35M	3.94M	2.65M	24.03M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	-2.46M	-1.33M	-8.04M	-561K	1.05M
Normalized Net Income	32.4M	20.54M	-20.68M	20.57M	69.52M
Interest on Long-Term Debt	13.3M	13.57M	17.6M	22.45M	22.64M
Supplemental Operating Expense Items
Net Rental Expense, Total	54.91M	43.9M	78.93M	85.44M	94.72M
Imputed Operating Lease Interest Expense	15.23M	12.46M	26.51M	34.51M	33.72M
Imputed Operating Lease Depreciation	39.68M	31.44M	52.42M	50.93M	61M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	422M	327M	155M	216M	139M
Short Term Investments	85.93M	53.96M	69.09M	77.62M	251M
Total Cash And Short Term Investments	507M	380M	224M	294M	389M
Accounts Receivable, Total	71.58M	98.6M	107M	90.62M	106M
Other Receivables	17.69M	14.99M	14.42M	41.06M	46.24M
Total Receivables	89.27M	114M	121M	132M	152M
Inventory	419M	477M	504M	496M	490M
Prepaid Expenses	25.58M	44.66M	50.66M	37.85M	34.91M
Other Current Assets, Total	-	-1K	422K	-	-
Total Current Assets	1.04B	1.02B	900M	959M	1.07B
Gross Property Plant And Equipment	2.07B	2.37B	2.5B	2.78B	2.93B
Accumulated Depreciation	-1.1B	-1.31B	-1.53B	-1.76B	-1.98B
Net Property Plant And Equipment	962M	1.06B	969M	1.02B	947M
Long-term Investments	20.32M	19.05M	8.19M	22.75M	30.36M
Goodwill	129M	129M	145M	143M	143M
Other Intangibles, Total	146M	139M	139M	133M	133M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	-	118K	1K	1K	1K
Total Assets	2.3B	2.36B	2.16B	2.28B	2.32B
Liabilities
Accounts Payable, Total	237M	208M	193M	195M	221M
Accrued Expenses, Total	153M	154M	157M	160M	162M
Short-term Borrowings	-	-	-	6.42M	7.79M
Current Portion of Long-Term Debt	5M	5M	-	-	-
Current Portion of Leases	128M	139M	139M	156M	161M
Current Income Taxes Payable	5.38M	3.08M	660K	-604K	18.78M
Unearned Revenue Current, Total	191M	197M	199M	196M	206M
Other Current Liabilities	128M	133M	135M	141M	137M
Total Current Liabilities	847M	840M	824M	854M	913M
Long-Term Debt	82.5M	77.5M	-	-	-
Long-Term Leases	293M	407M	339M	407M	345M
Pension & Other Post Retirement Benefits	94.59M	91.27M	91.24M	81.54M	81.11M
Deferred Tax Liability Non Current	21.65M	21.19M	11.1M	10.02M	10.79M
Other Non Current Liabilities	2.56M	-	-1K	-	-
Total Liabilities	1.34B	1.44B	1.26B	1.35B	1.35B
Common Stock, Total	23.52M	23.52M	23.52M	23.52M	23.52M
Retained Earnings	853M	854M	799M	827M	898M
Treasury Stock	-451K	-451K	-451K	-451K	-451K
Comprehensive Income and Other	81.4M	49.43M	58.96M	73.08M	45.83M
Total Common Equity	958M	926M	881M	923M	967M
Minority Interest	-	-	16.3M	7.43M	2.96M
Total Equity	958M	926M	897M	930M	970M
Total Liabilities And Equity	2.3B	2.36B	2.16B	2.28B	2.32B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.31M	2.31M	2.31M	2.31M	2.31M
ECS Total Common Shares Outstanding	2.31M	2.31M	2.31M	2.31M	2.31M
Book Value / Share	415.22	401.46	381.79	399.95	419.11
Tangible Book Value	683M	659M	596M	646M	691M
Tangible Book Value Per Share	296.11	285.49	258.53	279.95	299.41
Total Debt	508M	628M	477M	570M	514M
Net Debt	498K	248M	253M	276M	125M
Debt Equivalent Oper. Leases	439M	351M	631M	684M	758M
Minority Interest, Total (Incl. Fin. Div)	-	-	16.3M	7.43M	2.96M
Equity Method Investments, Total	20.26M	19M	8.14M	22.7M	30.31M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Work In Process, Total	28.46M	30.35M	35.13M	33.87M	21.07M
Inventories - Finished Goods, Total	476M	531M	626M	607M	596M
Land - (BS)	38.84M	38.84M	38.84M	38.84M	38.84M
Buildings, Total	469M	472M	472M	473M	474M
Machinery, Total	683M	716M	754M	789M	822M
Full Time Employees	1.81K	1.86K	1.83K	1.36K	1.36K
Part Time Employees	-	-	-	356	336
Accumulated Allowance for Doubtful Accounts (Supple)	4.67M	4.42M	3.48M	3.1M	2.72M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	42.85M	20.4M	-38.44M	25.5M	81.26M
Depreciation & Amortization - CF	187M	208M	222M	225M	222M
Amortization of Goodwill and Intangible Assets - (CF)	1.7M	1.7M	4.31M	2.13M	2.13M
Depreciation & Amortization, Total	189M	209M	226M	227M	224M
Amortization of Deferred Charges, Total - (CF)	64.96M	60.32M	48.25M	47.82M	46.29M
(Gain) Loss From Sale Of Asset	256K	-192K	-25K	-	460K
Asset Writedown & Restructuring Costs	-	4.14M	5.9M	1.18M	-
(Income) Loss On Equity Investments - (CF)	-26.58M	12.01M	11.64M	13.77M	13.16M
Other Operating Activities, Total	321K	17.52M	4M	10.2M	16.76M
Change In Accounts Receivable	121M	-42.41M	-8.39M	2.1M	-17.61M
Change In Inventories	-15.85M	-56.75M	-6.76M	8.32M	6.09M
Change In Accounts Payable	-99.14M	-29.57M	-20.5M	1.75M	25.82M
Change in Other Net Operating Assets	33.64M	20.28M	-12.32M	10.44M	-2.17M
Cash from Operations	310M	215M	209M	348M	394M
Capital Expenditure	-136M	-99.87M	-96.55M	-76.71M	-85.33M
Sale of Property, Plant, and Equipment	-	192K	25K	-	-
Cash Acquisitions	-54.42M	-	-4.81M	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-12.48M	-11.88M	-12.6M	-14.19M	-18M
Other Investing Activities, Total	1K	2.77M	1.39M	6.41M	25.64M
Cash from Investing	-203M	-109M	-113M	-84.49M	-77.69M
Short Term Debt Issued, Total	-	-	-	-	1.37M
Total Debt Issued	-	-	-	-	1.37M
Short Term Debt Repaid, Total	-	-	-	-2.27M	-
Long-Term Debt Repaid, Total	-138M	-161M	-233M	-185M	-165M
Total Debt Repaid	-138M	-161M	-233M	-187M	-165M
Common Dividends Paid	-23.07M	-23.07M	-16.15M	-	-8.08M
Common & Preferred Stock Dividends Paid	-23.07M	-23.07M	-16.15M	-	-8.08M
Other Financing Activities, Total	-15.64M	-16.72M	-18.97M	-23.87M	-21.62M
Cash from Financing	-177M	-201M	-269M	-211M	-193M
Miscellaneous Cash Flow Adjustments	-	-	-1K	-	1K
Net Change in Cash	-69.94M	-95.01M	-172M	52.56M	123M
Supplemental Items
Cash Interest Paid	12.54M	13.71M	17.6M	22.45M	22.64M
Cash Income Tax Paid (Refund)	21.28M	5.04M	2.78M	4.41M	74K
Levered Free Cash Flow	170M	73.23M	107M	236M	281M
Unlevered Free Cash Flow	181M	85.83M	122M	253M	296M
Change In Net Working Capital	-38.91M	120M	51.3M	-17.74M	-40.6M
Net Debt Issued / Repaid	-138M	-161M	-233M	-187M	-164M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.08	1.56	-0.22	1.66	3.07
Return on Total Capital	1.72	2.4	-0.34	2.57	4.73
Return On Equity %	4.62	2.17	-4.92	1.82	7.7
Return on Common Equity	4.62	2.17	-4.25	2.83	8.6
Margin Analysis
Gross Profit Margin %	56.54	59.44	59.16	58.82	58.09
SG&A Margin	28.59	30.13	33.61	32.79	31.2
EBITDA Margin %	3.22	4.28	2.14	4.12	5.62
EBITA Margin %	1.6	2.23	-0.14	2.24	3.95
EBIT Margin %	1.54	2.17	-0.3	2.17	3.87
Income From Continuing Operations Margin %	1.7	0.76	-1.68	0.61	2.51
Net Income Margin %	1.7	0.76	-1.44	0.93	2.79
Net Avail. For Common Margin %	1.7	0.76	-1.44	0.93	2.79
Normalized Net Income Margin	1.29	0.77	-0.77	0.75	2.38
Levered Free Cash Flow Margin	6.75	2.73	4.01	8.66	9.63
Unlevered Free Cash Flow Margin	7.16	3.2	4.55	9.27	10.15
Asset Turnover
Asset Turnover	1.12	1.15	1.18	1.23	1.27
Fixed Assets Turnover	2.97	2.65	2.63	2.74	2.96
Receivables Turnover (Average Receivables)	18.16	31.47	26.03	27.71	29.67
Inventory Turnover (Average Inventory)	2.66	2.42	2.22	2.25	2.48
Short Term Liquidity
Current Ratio	1.23	1.21	1.09	1.12	1.17
Quick Ratio	0.7	0.59	0.42	0.5	0.59
Operating Cash Flow to Current Liabilities	0.37	0.26	0.25	0.41	0.43
Days Sales Outstanding (Average Receivables)	20.1	11.6	14.02	13.21	12.3
Days Outstanding Inventory (Average Inventory)	136.97	150.63	164.33	162.69	147.15
Average Days Payable Outstanding	90.82	70.92	65.49	63.61	62.37
Cash Conversion Cycle (Average Days)	66.25	91.3	112.87	112.29	97.08
Long Term Solvency
Total Debt/Equity	53.03	67.83	53.22	61.24	53.01
Total Debt / Total Capital	34.65	40.42	34.74	37.98	34.65
LT Debt/Equity	39.19	52.3	37.77	43.76	35.6
Long-Term Debt / Total Capital	25.61	31.16	24.65	27.14	23.27
Total Liabilities / Total Assets	58.33	60.8	58.5	59.26	58.19
EBIT / Interest Expense	2.32	2.88	-0.34	2.22	4.68
EBITDA / Interest Expense	13.62	13.26	9.4	10.75	13.96
(EBITDA - Capex) / Interest Expense	5.47	8.3	5.24	7.87	10.43
Total Debt / EBITDA	2.23	2.35	2.19	1.99	1.53
Net Debt / EBITDA	0	0.93	1.16	0.96	0.37
Total Debt / (EBITDA - Capex)	5.57	3.75	3.93	2.72	2.04
Net Debt / (EBITDA - Capex)	0.01	1.48	2.08	1.32	0.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	7.56	6.22	-0.31	1.67	6.8
Gross Profit, 1 Yr. Growth %	14.54	11.67	-0.76	2.24	5.49
EBITDA, 1 Yr. Growth %	-44.27	40.98	-50.08	119.07	45.5
EBITA, 1 Yr. Growth %	-62.9	46.73	-106.08	-743.18	87.76
EBIT, 1 Yr. Growth %	-64.45	48.77	-113.74	-527.53	90.92
Earnings From Cont. Operations, 1 Yr. Growth %	-46.94	-52.38	-319.79	-137.09	339.61
Net Income, 1 Yr. Growth %	-46.94	-52.38	-288.41	-166.33	218.71
Normalized Net Income, 1 Yr. Growth %	-47.54	-36.92	-200.68	-184.45	238.05
Diluted EPS Before Extra, 1 Yr. Growth %	-46.94	-52.4	-288.48	-166.33	218.71
Accounts Receivable, 1 Yr. Growth %	-65.27	37.75	8.05	-14.95	16.96
Inventory, 1 Yr. Growth %	3.93	13.91	5.6	-1.65	-1.23
Net Property, Plant and Equip., 1 Yr. Growth %	31.03	10.13	-8.56	5.72	-7.53
Total Assets, 1 Yr. Growth %	4.39	2.78	-8.5	5.19	1.61
Tangible Book Value, 1 Yr. Growth %	3.35	-3.59	-9.44	8.29	6.95
Common Equity, 1 Yr. Growth %	6.69	-3.31	-4.9	4.76	4.79
Cash From Operations, 1 Yr. Growth %	-9.96	-30.6	-2.56	66.27	13.07
Capital Expenditures, 1 Yr. Growth %	40.32	-26.64	-3.32	-20.55	11.24
Levered Free Cash Flow, 1 Yr. Growth %	-23.07	-57.01	46.19	128.69	18.81
Unlevered Free Cash Flow, 1 Yr. Growth %	-22.1	-52.53	41.63	114.68	16.94
Dividend Per Share, 1 Yr. Growth %	0	-30	-	-	128.57
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	11.58	6.89	2.9	0.99	4.21
Gross Profit, 2 Yr. CAGR %	12.23	13.09	5.27	0.46	3.85
EBITDA, 2 Yr. CAGR %	-13.45	-11.22	-16.11	-0.93	78.54
EBITA, 2 Yr. CAGR %	-24.29	-25.98	-70.02	0.94	247.51
EBIT, 2 Yr. CAGR %	-20.38	-27.04	-54.8	1.01	185.7
Earnings From Cont. Operations, 2 Yr. CAGR %	7.27	-49.73	2.3	-9.72	27.68
Net Income, 2 Yr. CAGR %	7.27	-49.73	-5.28	11.79	45.4
Normalized Net Income, 2 Yr. CAGR %	4.09	-42.33	-20.31	0.06	68.97
Diluted EPS Before Extra, 2 Yr. CAGR %	7.27	-49.74	-5.28	11.81	45.4
Accounts Receivable, 2 Yr. CAGR %	-7.38	-30.83	22	-4.13	-0.26
Inventory, 2 Yr. CAGR %	9.4	8.81	9.68	1.91	-1.44
Net Property, Plant and Equip., 2 Yr. CAGR %	10.13	20.13	0.35	-1.68	-1.13
Total Assets, 2 Yr. CAGR %	7.81	3.58	-3.02	-1.7	3.38
Tangible Book Value, 2 Yr. CAGR %	5.07	-0.18	-6.56	-0.97	7.62
Common Equity, 2 Yr. CAGR %	7.87	1.57	-4.11	-0.19	4.77
Cash From Operations, 2 Yr. CAGR %	1.09	-20.95	-17.77	27.28	37.12
Capital Expenditures, 2 Yr. CAGR %	55.04	1.46	-15.78	-12.36	-5.99
Levered Free Cash Flow, 2 Yr. CAGR %	-12.98	-42.47	-20.73	79.68	64.84
Unlevered Free Cash Flow, 2 Yr. CAGR %	-13.19	-39.16	-18	71.72	58.45
Dividend Per Share, 2 Yr. CAGR %	19.52	-16.33	-	-29.29	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	8.66	9.77	4.43	2.71	2.89
Gross Profit, 3 Yr. CAGR %	8.78	12.04	8.27	4.07	2.11
EBITDA, 3 Yr. CAGR %	-12.55	1.94	-26.72	11.43	12.61
EBITA, 3 Yr. CAGR %	-22.86	-5.4	-67.75	14.65	24.14
EBIT, 3 Yr. CAGR %	-19.82	-1.72	-58.18	14.93	24.89
Earnings From Cont. Operations, 3 Yr. CAGR %	-0.51	-18.17	-17.8	-27.06	53.02
Net Income, 3 Yr. CAGR %	-0.51	-18.17	-21.92	-15.89	58.52
Normalized Net Income, 3 Yr. CAGR %	-6.26	-11.77	-30.56	-14.2	50.14
Diluted EPS Before Extra, 3 Yr. CAGR %	-0.51	-18.18	-21.92	-15.88	58.54
Accounts Receivable, 3 Yr. CAGR %	-11.6	5.72	-19.74	8.18	2.44
Inventory, 3 Yr. CAGR %	4.93	10.88	7.73	5.76	0.85
Net Property, Plant and Equip., 3 Yr. CAGR %	52.11	10.13	9.68	2.11	-3.67
Total Assets, 3 Yr. CAGR %	16.57	6.1	-0.61	-0.23	-0.61
Tangible Book Value, 3 Yr. CAGR %	8.85	2.1	-3.37	-1.85	1.6
Common Equity, 3 Yr. CAGR %	6.28	4.01	-0.64	-1.24	1.44
Cash From Operations, 3 Yr. CAGR %	33.92	-10.82	-15.24	3.98	22.36
Capital Expenditures, 3 Yr. CAGR %	40.77	20.81	-0.16	-17.4	-5.11
Levered Free Cash Flow, 3 Yr. CAGR %	30.99	-31.19	-21.49	11.54	56.54
Unlevered Free Cash Flow, 3 Yr. CAGR %	29.85	-28.99	-19.37	11.87	51.08
Dividend Per Share, 3 Yr. CAGR %	12.62	0	-	-29.53	4.55
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.8	7.7	6.32	6.17	4.47
Gross Profit, 5 Yr. CAGR %	7.5	9.63	7.36	7.26	6.37
EBITDA, 5 Yr. CAGR %	-9.73	-3.21	-13.94	0.78	2.39
EBITA, 5 Yr. CAGR %	-15.96	-9.57	-47.08	-2.76	1.11
EBIT, 5 Yr. CAGR %	-14.5	-8.55	-36.16	-0.63	0.73
Earnings From Cont. Operations, 5 Yr. CAGR %	-9.33	-21.86	0.6	-14.89	-1.97
Net Income, 5 Yr. CAGR %	-9.33	-21.86	-2.45	-7.29	0.13
Normalized Net Income, 5 Yr. CAGR %	-10.94	-18.44	-12.07	-7.22	2.39
Diluted EPS Before Extra, 5 Yr. CAGR %	-9.33	-21.87	-2.45	-7.29	0.13
Accounts Receivable, 5 Yr. CAGR %	-11.16	-3.21	0.56	1.66	-12.46
Inventory, 5 Yr. CAGR %	8.49	8.55	6.81	7.2	3.96
Net Property, Plant and Equip., 5 Yr. CAGR %	26.76	29.45	28.8	5.24	5.22
Total Assets, 5 Yr. CAGR %	10.39	9.61	8.3	2.91	1.05
Tangible Book Value, 5 Yr. CAGR %	6.01	6.41	2.4	0.86	0.88
Common Equity, 5 Yr. CAGR %	6.34	4.11	1.99	2.31	1.49
Cash From Operations, 5 Yr. CAGR %	21.37	10.67	10.19	2.82	2.74
Capital Expenditures, 5 Yr. CAGR %	35.62	23.63	14.62	6.26	-2.53
Levered Free Cash Flow, 5 Yr. CAGR %	32.05	1.43	7.17	1.02	4.89
Unlevered Free Cash Flow, 5 Yr. CAGR %	31.12	3.8	8.06	1.1	5
Dividend Per Share, 5 Yr. CAGR %	7.39	0	-	-12.94	-4.36