Income Statement Hynion

Stocks

HYN

NO0010920945

Electric Utilities

Market Closed - Oslo Bors 10:45:00 2026-08-14 EDT			5-day change	1st Jan Change
0.0196 ^NOK	0.00%		0.00%	+12.64%

06-02	Euronext Oslo Børs Places Hynion on Penalty Bench	MT
02-24	Hynion AS Approves Election of Lavrans Grjotheim as New Chair, Effective 24 February 2026	CI

b1f2f55f1757d6a4f00489cbcf.Oa8HB4vm4LuOgr4MxM86FiUBIsz9trCi-0-nUVNrgzo.Ue5qY72Ptur-49BLrqVgUFdLYbSo8PvrqxziMjpcu19qnU9NwY2R2uXx3Q

Published financial data: HYNION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023
Revenues	973K	1.72M	4.16M	4.63M
Total Revenues	973K	1.72M	4.16M	4.63M
Cost of Goods Sold, Total	1.94M	4.42M	7.99M	6.64M
Gross Profit	-965K	-2.7M	-3.83M	-2.01M
Selling General & Admin Expenses, Total	2.67M	6.1M	9.61M	10.69M
Depreciation & Amortization - (IS)	82.29K	438K	1.75M	1.87M
Other Operating Expenses	1.3M	7.66M	13.07M	14.02M
Other Operating Expenses, Total	4.06M	14.2M	24.43M	26.58M
Operating Income	-5.03M	-16.9M	-28.26M	-28.59M
Interest Expense, Total	-19.76K	-3.31K	-83	-14.03K
Interest And Investment Income	-	-	826	5.84K
Net Interest Expenses	-19.76K	-3.31K	743	-8.19K
Other Non Operating Income (Expenses)	-998K	94.71K	-126K	204K
EBT, Excl. Unusual Items	-6.04M	-16.81M	-28.38M	-28.39M
Asset Writedown	-	-	-808K	-3.83M
EBT, Incl. Unusual Items	-6.04M	-16.81M	-29.19M	-32.22M
Income Tax Expense	13.41K	-	-	-
Earnings From Continuing Operations	-6.06M	-16.81M	-29.19M	-32.22M
Net Income to Company	-6.06M	-16.81M	-29.19M	-32.22M
Net Income - (IS)	-6.06M	-16.81M	-29.19M	-32.22M
Net Income to Common Incl Extra Items	-6.06M	-16.81M	-29.19M	-32.22M
Net Income to Common Excl. Extra Items	-6.06M	-16.81M	-29.19M	-32.22M
Per Share Items
Net EPS - Basic	-	-0.3	-0.28	-0.3
Basic EPS - Continuing Operations	-	-0.3	-0.28	-0.3
Basic Weighted Average Shares Outstanding	-	55.84M	106M	107M
Net EPS - Diluted	-	-0.3	-0.28	-0.3
Diluted EPS - Continuing Operations	-	-0.3	-0.28	-0.3
Diluted Weighted Average Shares Outstanding	-	55.84M	106M	107M
Normalized Basic EPS	-	-0.19	-0.17	-0.17
Normalized Diluted EPS	-	-0.19	-0.17	-0.17
Supplemental Items
EBITDA	-4.94M	-16.48M	-26.55M	-26.77M
EBITA	-5.03M	-16.9M	-28.26M	-28.59M
EBIT	-5.03M	-16.9M	-28.26M	-28.59M
Total Revenues (As Reported)	1.74M	1.72M	4.37M	4.63M
Effective Tax Rate - (Ratio)	-0.22	-	-	-
Normalized Net Income	-3.78M	-10.5M	-17.74M	-17.75M

Fiscal Period: December	2020	2021	2022	2023
Assets
Cash And Equivalents	897K	39.94M	40.5M	12.11M
Total Cash And Short Term Investments	897K	39.94M	40.5M	12.11M
Accounts Receivable, Total	23.8K	143K	1.37M	2.6M
Other Receivables	193K	5.54M	2.03M	1.17M
Total Receivables	217K	5.69M	3.41M	3.77M
Inventory	-	45.77K	124K	1.79M
Restricted Cash	199K	192K	316K	118K
Other Current Assets, Total	610K	806K	802K	818K
Total Current Assets	1.92M	46.67M	45.15M	18.61M
Gross Property Plant And Equipment	6.3M	15.04M	26.83M	20.94M
Accumulated Depreciation	-82.29K	-504K	-2.23M	-4.05M
Net Property Plant And Equipment	6.21M	14.53M	24.61M	16.89M
Other Intangibles, Total	-	214K	168K	122K
Other Long-Term Assets, Total	-	156K	151K	162K
Total Assets	8.14M	61.57M	70.07M	35.78M
Liabilities
Accounts Payable, Total	221K	3.1M	2.06M	3.53M
Accrued Expenses, Total	390K	555K	781K	669K
Short-term Borrowings	-	-	-	21.8K
Current Income Taxes Payable	13.41K	-	-	-
Unearned Revenue Current, Total	-	-	8.46M	-
Other Current Liabilities	382K	1.45M	2.92M	5.5M
Total Current Liabilities	1.01M	5.11M	14.22M	9.72M
Long-Term Debt	150K	150K	150K	150K
Total Liabilities	1.16M	5.26M	14.37M	9.87M
Common Stock, Total	133K	279K	530K	535K
Additional Paid In Capital	6.85M	56.04M	55.17M	25.37M
Total Common Equity	6.98M	56.32M	55.7M	25.91M
Total Equity	6.98M	56.32M	55.7M	25.91M
Total Liabilities And Equity	8.14M	61.57M	70.07M	35.78M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	55.84M	106M	107M
ECS Total Common Shares Outstanding	-	55.84M	106M	107M
Book Value / Share	-	1.01	0.53	0.24
Tangible Book Value	6.98M	56.1M	55.53M	25.79M
Tangible Book Value Per Share	-	1	0.52	0.24
Total Debt	150K	150K	150K	172K
Net Debt	-747K	-39.79M	-40.35M	-11.94M
Account Code - Inventory Valuation	-	5	5	5
Machinery, Total	6.3M	15.04M	24.62M	20.94M
Full Time Employees	-	7	9	6

Fiscal Period: December	2020	2021	2022	2023
Net Income	-6.06M	-16.81M	-29.19M	-32.22M
Depreciation & Amortization - CF	82.29K	422K	1.7M	1.82M
Depreciation & Amortization, Total	82.29K	422K	1.7M	1.82M
Amortization of Deferred Charges, Total - (CF)	-	16.48K	46.18K	46.18K
Asset Writedown & Restructuring Costs	-	-	808K	3.83M
Other Operating Activities, Total	13.41K	-13.41K	-	921K
Change In Accounts Receivable	-23.8K	-119K	-1.23M	-1.23M
Change In Inventories	-	-45.77K	-78.16K	-1.66M
Change In Accounts Payable	-36.26K	2.88M	-1.04M	1.46M
Change in Other Net Operating Assets	-41.04K	-5.62M	3.74M	4.7M
Cash from Operations	-6.06M	-19.28M	-25.24M	-22.33M
Capital Expenditure	-5.7M	-9.29M	-13.13M	-1.05M
Cash from Investing	-5.7M	-9.29M	-13.13M	-1.05M
Short Term Debt Issued, Total	478K	1.23M	10.15M	-
Total Debt Issued	478K	1.23M	10.15M	-
Short Term Debt Repaid, Total	-	-	-	-5.85M
Total Debt Repaid	-	-	-	-5.85M
Issuance of Common Stock	12.11M	66.57M	28.9M	661K
Cash from Financing	12.59M	67.8M	39.05M	-5.19M
Net Change in Cash	832K	39.23M	678K	-28.57M
Supplemental Items
Cash Income Tax Paid (Refund)	-	13.41K	-	-
Levered Free Cash Flow	-	-21.02M	-17.85M	-23.42M
Unlevered Free Cash Flow	-	-21.02M	-17.85M	-23.41M
Change In Net Working Capital	-	1.61M	-11.2M	6.36M
Net Debt Issued / Repaid	478K	1.23M	10.15M	-5.85M

Fiscal Period: December	2020	2021	2022	2023
Profitability
Return on Assets	-	-30.3	-26.83	-33.76
Return on Total Capital	-	-33.21	-31.45	-43.61
Return On Equity %	-	-53.1	-52.12	-78.96
Return on Common Equity	-	-53.1	-52.12	-78.96
Margin Analysis
Gross Profit Margin %	-99.2	-156.66	-92.17	-43.37
SG&A Margin	274.85	354.33	231.17	230.81
EBITDA Margin %	-508.19	-956.62	-638.91	-577.95
EBITA Margin %	-516.65	-981.1	-679.9	-617.27
EBIT Margin %	-516.65	-981.1	-679.9	-617.27
Income From Continuing Operations Margin %	-622.7	-975.79	-702.37	-695.68
Net Income Margin %	-622.7	-975.79	-702.37	-695.68
Net Avail. For Common Margin %	-622.7	-975.79	-702.37	-695.68
Normalized Net Income Margin	-388.32	-609.87	-426.83	-383.15
Levered Free Cash Flow Margin	-	-1.22K	-429.35	-505.73
Unlevered Free Cash Flow Margin	-	-1.22K	-429.35	-505.54
Asset Turnover
Asset Turnover	-	0.05	0.06	0.09
Fixed Assets Turnover	-	0.17	0.21	0.22
Receivables Turnover (Average Receivables)	-	20.62	5.48	2.33
Inventory Turnover (Average Inventory)	-	-	94.13	6.95
Short Term Liquidity
Current Ratio	1.91	9.14	3.17	1.91
Quick Ratio	1.11	8.94	3.09	1.63
Operating Cash Flow to Current Liabilities	-6.03	-3.78	-1.78	-2.3
Days Sales Outstanding (Average Receivables)	-	17.7	66.63	156.6
Days Outstanding Inventory (Average Inventory)	-	-	3.88	52.49
Average Days Payable Outstanding	-	-	116.84	122.87
Cash Conversion Cycle (Average Days)	-	-	-46.34	86.21
Long Term Solvency
Total Debt/Equity	2.15	0.27	0.27	0.66
Total Debt / Total Capital	2.1	0.27	0.27	0.66
LT Debt/Equity	2.15	0.27	0.27	0.58
Long-Term Debt / Total Capital	2.1	0.27	0.27	0.58
Total Liabilities / Total Assets	14.2	8.54	20.51	27.59
EBIT / Interest Expense	-254.35	-5.11K	-340K	-2.04K
EBITDA / Interest Expense	-250.18	-4.98K	-320K	-1.91K
(EBITDA - Capex) / Interest Expense	-538.43	-7.78K	-478K	-1.98K
Total Debt / EBITDA	-0.03	-0.01	-0.01	-0.01
Net Debt / EBITDA	0.15	2.42	1.52	0.45
Total Debt / (EBITDA - Capex)	-0.01	-0.01	-0	-0.01
Net Debt / (EBITDA - Capex)	0.07	1.54	1.02	0.43
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	77.05	141.32	11.43
Gross Profit, 1 Yr. Growth %	-	179.59	41.98	-47.57
EBITDA, 1 Yr. Growth %	-	233.28	61.33	0.98
EBITA, 1 Yr. Growth %	-	236.22	67.23	1.17
EBIT, 1 Yr. Growth %	-	236.22	67.23	1.17
Earnings From Cont. Operations, 1 Yr. Growth %	-	177.45	73.7	10.37
Net Income, 1 Yr. Growth %	-	177.45	73.7	10.37
Normalized Net Income, 1 Yr. Growth %	-	178.06	68.89	0.03
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-8.58	9.4
Accounts Receivable, 1 Yr. Growth %	-	501.71	859.34	89.21
Inventory, 1 Yr. Growth %	-	-	170.74	1.34K
Net Property, Plant and Equip., 1 Yr. Growth %	-	133.87	69.34	-31.37
Total Assets, 1 Yr. Growth %	-	656.77	13.8	-48.94
Tangible Book Value, 1 Yr. Growth %	-	703.68	-1.02	-53.57
Common Equity, 1 Yr. Growth %	-	706.75	-1.09	-53.49
Cash From Operations, 1 Yr. Growth %	-	218.05	30.91	-10.75
Capital Expenditures, 1 Yr. Growth %	-	63.05	41.42	-91.98
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-15.09	31.19
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	-15.09	31.14
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	106.7	63.98
Gross Profit, 2 Yr. CAGR %	-	-	99.24	-13.72
EBITDA, 2 Yr. CAGR %	-	-	131.77	27.52
EBITA, 2 Yr. CAGR %	-	-	137.12	30.07
EBIT, 2 Yr. CAGR %	-	-	137.12	30.07
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	119.53	38.46
Net Income, 2 Yr. CAGR %	-	-	119.53	38.46
Normalized Net Income, 2 Yr. CAGR %	-	-	116.71	29.98
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	0.01
Accounts Receivable, 2 Yr. CAGR %	-	-	659.76	326.04
Inventory, 2 Yr. CAGR %	-	-	-	524.61
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	99	7.81
Total Assets, 2 Yr. CAGR %	-	-	193.46	-23.77
Tangible Book Value, 2 Yr. CAGR %	-	-	182.05	-32.21
Common Equity, 2 Yr. CAGR %	-	-	182.48	-32.17
Cash From Operations, 2 Yr. CAGR %	-	-	104.05	7.6
Capital Expenditures, 2 Yr. CAGR %	-	-	51.85	-66.33
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	5.57
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	5.55
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	68.23
Gross Profit, 3 Yr. CAGR %	-	-	-	27.68
EBITDA, 3 Yr. CAGR %	-	-	-	75.6
EBITA, 3 Yr. CAGR %	-	-	-	78.51
EBIT, 3 Yr. CAGR %	-	-	-	78.51
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	74.56
Net Income, 3 Yr. CAGR %	-	-	-	74.56
Normalized Net Income, 3 Yr. CAGR %	-	-	-	67.48
Accounts Receivable, 3 Yr. CAGR %	-	-	-	378
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	39.56
Total Assets, 3 Yr. CAGR %	-	-	-	63.83
Tangible Book Value, 3 Yr. CAGR %	-	-	-	54.58
Common Equity, 3 Yr. CAGR %	-	-	-	54.82
Cash From Operations, 3 Yr. CAGR %	-	-	-	54.42
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-43.03