Cash flow Scatec ASA OTC Markets

Stocks

STECF

NO0010715139

Independent Power Producers

Market Closed - OTC Markets 16:40:58 2026-08-31 EDT			5-day change	1st Jan Change
8.950 ^USD	-28.97%		-28.97%	-4.79%

08-25	Scatec ASA Calls All Outstanding SCATC04 Bonds On September 8, 2026	CI
08-25	Scatec Asa Successfully Issues NOK 1,500 Million Senior Unsecured Green Bonds	CI

94effde5181b7f.TZnbicwNXaEF9z6nwG1JWafMrj7aTLVDfbqC87EJ8TI.IcCpzKtJaMs9tWzhuhwQbuqU50jsBcAvSv3xkv9IggAp7ezAmkQE7WmhXQ

Published financial data: SCATEC ASA

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)	2025 (NOK)
Revenues - (Utility Template)	3.04B	3B	3.4B	4.37B	3.63B
Other Revenues, Total	-	-	-	1M	1M
Total Revenues	3.04B	3B	3.4B	4.37B	3.63B
Selling General & Admin Expenses, Total	182M	210M	210M	358M	46M
Depreciation & Amortization - (IS) - (Collected)	816M	884M	878M	1.15B	1.1B
Other Operating Expenses	718M	986M	944M	795M	1.24B
Total Operating Expenses	1.72B	2.08B	2.03B	2.3B	2.39B
Operating Income (REIT / Utility Template)	1.32B	922M	1.37B	2.07B	1.24B
Interest Expense, Total	-1.3B	-1.42B	-1.73B	-2.56B	-2.18B
Interest and Investment Income	43M	92M	162M	152M	183M
Net Interest Expenses	-1.26B	-1.33B	-1.56B	-2.41B	-2B
Income (Loss) on Equity Invest.	765M	749M	46M	714M	964M
Currency Exchange Gains (Loss)	71M	-357M	161M	-175M	229M
Other Non Operating Income (Expenses)	-63M	-130M	-213M	-76M	-4M
EBT, Excl. Unusual Items	835M	-148M	-204M	119M	430M
Gain (Loss) on Sale of Assets	-	-	1.28B	1.49B	645M
Asset Writedown	-76M	-948M	-64M	-146M	-68M
EBT, Incl. Unusual Items	759M	-1.1B	1.01B	1.46B	1.01B
Income Tax Expense	303M	132M	-114M	-22M	20M
Earnings From Continuing Operations	456M	-1.23B	1.12B	1.49B	987M
Net Income to Company	456M	-1.23B	1.12B	1.49B	987M
Minority Interest	-68M	-106M	-494M	-177M	-9M
Net Income - (IS)	388M	-1.33B	628M	1.31B	978M
Net Income to Common Incl Extra Items	388M	-1.33B	628M	1.31B	978M
Net Income to Common Excl. Extra Items	388M	-1.33B	628M	1.31B	978M
Per Share Items
Net EPS - Basic	2.44	-8.4	3.95	8.24	6.15
Basic EPS - Continuing Operations	2.44	-8.4	3.95	8.24	6.15
Basic Weighted Average Shares Outstanding	159M	159M	159M	159M	159M
Net EPS - Diluted	2.43	-8.4	3.95	8.24	6.12
Diluted EPS - Continuing Operations	2.43	-8.4	3.95	8.24	6.12
Diluted Weighted Average Shares Outstanding	160M	159M	159M	159M	160M
Normalized Basic EPS	2.86	-1.25	-3.91	-0.65	1.63
Normalized Diluted EPS	2.84	-1.25	-3.91	-0.65	1.63
Dividend Per Share	2.54	1.94	-	-	-
Payout Ratio	44.59	-30.21	49.04	-	-
Supplemental Items
Utility Revenues	1.86B	1.85B	1.85B	2.72B	2.47B
Non Utility Revenues	1.94B	1.9B	1.9B	1.65B	1.16B
EBITDA	2.14B	1.81B	2.21B	3.18B	2.3B
EBITA	1.33B	948M	1.39B	2.09B	1.26B
EBIT	1.32B	922M	1.37B	2.07B	1.24B
EBITDAR	2.32B	2.02B	2.42B	3.51B	2.33B
Total Revenues (As Reported)	3.8B	3.75B	4.72B	6.57B	5.24B
Effective Tax Rate - (Ratio)	39.92	-12.04	-11.31	-1.5	1.99
Total Current Taxes	133M	242M	272M	172M	231M
Total Deferred Taxes	232M	-108M	-384M	-194M	-211M
Normalized Net Income	454M	-198M	-622M	-103M	260M
Interest Capitalized	-	-	-	158M	569M
Interest on Long-Term Debt	15M	18M	27M	26M	24M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	-	132M	48M	65M	53M
Net Rental Expense, Total	182M	210M	210M	329M	34M
Imputed Operating Lease Interest Expense	108M	106M	112M	254M	24.12M
Imputed Operating Lease Depreciation	73.61M	104M	98.38M	75.24M	9.88M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	29M	46M
Total Stock-Based Compensation	-	-	-	29M	46M

Fiscal Period: December	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)	2025 (NOK)
Assets
Cash And Equivalents	4.17B	4.13B	3.1B	3.89B	5.6B
Short Term Investments - (Utility / Insurance Templates)	-	-	-	-	-
Trading Asset Securities, Total	-	21M	16M	24M	18M
Accounts Receivable, Total	740M	497M	478M	487M	555M
Other Receivables	712M	527M	515M	685M	844M
Accounts Receivable (Summary Subtotal)	1.45B	1.02B	993M	1.17B	1.4B
Other Current Assets, Total	22M	1.34B	774M	2.5B	173M
Total Current Assets	5.64B	6.51B	4.88B	7.58B	7.18B
Gross Property Plant And Equipment	19.04B	22.49B	27.59B	30.25B	36.82B
Accumulated Depreciation	-3.15B	-5.18B	-5.55B	-6.19B	-7.04B
Net Property Plant And Equipment	15.88B	17.31B	22.04B	24.07B	29.79B
Goodwill	321M	357M	367M	321M	288M
Other Intangibles, Total	476M	401M	350M	239M	260M
Long-Term Investments - (Utility Template)	9.78B	11.17B	12.82B	11.85B	10.41B
Loans Receivable Long-Term - (Utility Template)	1M	-	-	-	-
Deferred Tax Assets Long-Term (Collected)	748M	860M	1.23B	1.55B	1.92B
Other Long-Term Assets, Total	177M	116M	113M	133M	324M
Total Assets	33.03B	36.73B	41.8B	45.74B	50.17B
Liabilities
Accounts Payable, Total	812M	594M	294M	481M	1.08B
Accrued Expenses, Total	565M	263M	163M	289M	287M
Current Portion of Long-Term Debt	1.24B	2.3B	3.07B	4.61B	2.84B
Current Portion of Leases	39M	43M	25M	26M	43M
Current Income Taxes Payable	24M	37M	48M	57M	101M
Unearned Revenue, Current	-	106M	14M	16M	-
Other Current Liabilities - (Bank / Utility Template)	237M	694M	2.02B	1.35B	2.41B
Total Current Liabilities	2.91B	4.04B	5.64B	6.83B	6.77B
Long-Term Debt	18.83B	22.22B	23.82B	24.28B	29.49B
Long-Term Leases	206M	270M	315M	320M	395M
Deferred Tax Liability Non-Current	589M	743M	849M	671M	718M
Other Non Current Liabilities, Total	571M	652M	605M	874M	760M
Total Liabilities	23.11B	27.93B	31.22B	32.98B	38.14B
Common Stock, Total	4M	4M	4M	4M	4M
Additional Paid In Capital	9.78B	9.82B	9.85B	9.88B	9.92B
Retained Earnings	-493M	-2.23B	-1.91B	-603M	441M
Comprehensive Income and Other	-16M	671M	747M	1.35B	-344M
Total Common Equity	9.27B	8.26B	8.69B	10.63B	10.02B
Minority Interest	649M	540M	1.88B	2.14B	2.01B
Total Equity	9.92B	8.8B	10.57B	12.76B	12.03B
Total Liabilities And Equity	33.03B	36.73B	41.8B	45.74B	50.17B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	159M	159M	159M	159M	159M
ECS Total Common Shares Outstanding	159M	159M	159M	159M	159M
Book Value / Share	58.34	52	54.66	66.9	63.1
Tangible Book Value	8.47B	7.5B	7.97B	10.07B	9.48B
Tangible Book Value Per Share	53.32	47.23	50.15	63.37	59.65
Total Debt	20.31B	24.84B	27.23B	29.24B	32.77B
Net Debt	16.14B	20.68B	24.11B	25.32B	27.16B
Debt Equivalent Oper. Leases	1.46B	1.68B	1.68B	2.63B	272M
Minority Interest, Total (Incl. Fin. Div)	649M	540M	1.88B	2.14B	2.01B
Equity Method Investments, Total	9.74B	10.67B	12.37B	11.45B	10.15B
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	18.02B	19.82B	25.9B	25.49B	28.45B
Full Time Employees	622	778	622	644	736
Part Time Employees	-	-	-	4	2
Accumulated Allowance for Doubtful Accounts (Supple)	-	98M	98M	38M	36M

Fiscal Period: December	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)	2025 (NOK)
Net Income	388M	-1.33B	628M	1.31B	978M
Depreciation, Depletion & Amortization	805M	896M	854M	1.13B	1.08B
Amortization of Goodwill and Intangible Assets - (CF)	11M	26M	24M	18M	24M
Total Depreciation, Depletion & Amortization	816M	922M	878M	1.15B	1.1B
(Gain) Loss On Sale of Asset - (CF)	9M	45M	-1.21B	-1.49B	-645M
Total Asset Writedown	76M	946M	64M	146M	68M
Restructuring Activities	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-765M	-749M	-46M	-714M	-964M
Change in Trading Asset Securities	-	-	-	-	-
Change in Accounts Receivable	-	-	-	-9M	-68M
Change in Accounts Payable	-	-	-	67M	-12M
Change in Other Net Operating Assets (Collected)	158M	-926M	132M	14M	361M
Other Operating Activities	1.39B	1.85B	1.74B	2.66B	1.64B
Cash from Operations	2.07B	756M	2.18B	3.13B	2.46B
Capital Expenditure	-967M	-1.99B	-7.14B	-3.27B	-6.03B
Sale of Property, Plant, and Equipment	-	-	390M	407M	1.96B
Cash Acquisitions	-7.85B	-	-	-	-
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	688M	-204M	-447M	-77M	-34M
Other Investing Activities, Total	46M	784M	627M	1.36B	1.35B
Cash from Investing	-8.08B	-1.41B	-6.58B	-1.58B	-2.75B
Long-Term Debt Issued, Total	4.74B	3.47B	6.64B	6.15B	10.24B
Total Debt Issued	4.74B	3.47B	6.64B	6.15B	10.24B
Long-Term Debt Repaid, Total	-775M	-1.2B	-1.84B	-4.53B	-5.81B
Total Debt Repaid	-775M	-1.2B	-1.84B	-4.53B	-5.81B
Issuance of Common Stock	42M	-	-	-	-
Common Dividends Paid	-173M	-403M	-308M	-	-
Common & Preferred Stock Dividends Paid	-173M	-403M	-308M	-	-
Other Financing Activities, Total	-1.42B	-1.64B	-1.2B	-2.69B	-2.14B
Cash from Financing	2.41B	221M	3.29B	-1.07B	2.28B
Foreign Exchange Rate Adjustments	-20M	389M	78M	340M	-291M
Miscellaneous Cash Flow Adjustments	-1M	1M	-12M	-33M	-
Net Change in Cash	-3.62B	-39M	-1.03B	789M	1.7B
Supplemental Items
Cash Interest Paid	1.2B	1.13B	1.99B	2.36B	2.08B
Cash Income Tax Paid (Refund)	234M	170M	261M	162M	159M
Net Debt Issued / Repaid	3.97B	2.27B	4.8B	1.63B	4.43B
Levered Free Cash Flow	-357M	-2.3B	-5.15B	-4.65B	-1.68B
Unlevered Free Cash Flow	457M	-1.41B	-4.07B	-3.04B	-322M
Change In Net Working Capital	218M	918M	-1.35B	2.25B	-3.79B

Fiscal Period: December	2021 (NOK)	2022 (NOK)	2023 (NOK)	2024 (NOK)	2025 (NOK)
Profitability
Return on Assets	2.77	1.65	2.18	2.95	1.61
Return on Total Capital	3.04	1.81	2.39	3.24	1.78
Return On Equity %	4.7	-13.12	11.58	12.74	7.96
Return on Common Equity	4.3	-15.22	7.41	13.55	9.47
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	19.06	24.58	22.95	17.83	12.54
EBITDA Margin %	70.38	60.23	64.93	72.74	63.24
EBITA Margin %	43.88	31.58	40.92	47.75	34.78
EBIT Margin %	43.52	30.71	40.22	47.33	34.11
Income From Continuing Operations Margin %	15.01	-40.91	33.01	34.01	27.2
Net Income Margin %	12.77	-44.44	18.48	29.96	26.95
Net Avail. For Common Margin %	12.77	-44.44	18.48	29.96	26.95
Normalized Net Income Margin	14.94	-6.61	-18.28	-2.35	7.16
Levered Free Cash Flow Margin	-11.76	-76.47	-151.4	-106.36	-46.42
Unlevered Free Cash Flow Margin	15.05	-46.83	-119.64	-69.68	-8.88
Asset Turnover
Asset Turnover	0.1	0.09	0.09	0.1	0.08
Fixed Assets Turnover	0.19	0.18	0.17	0.19	0.13
Receivables Turnover (Average Receivables)	4.46	4.85	6.97	9.05	6.96
Short Term Liquidity
Current Ratio	1.94	1.61	0.87	1.11	1.06
Quick Ratio	1.93	1.28	0.73	0.74	1.04
Operating Cash Flow to Current Liabilities	0.71	0.19	0.39	0.46	0.36
Days Sales Outstanding (Average Receivables)	81.88	75.2	52.35	40.43	52.42
Long Term Solvency
Total Debt/Equity	204.79	282.15	257.59	229.05	272.33
Total Debt / Total Capital	67.19	73.83	72.04	69.61	73.14
LT Debt/Equity	191.92	255.52	228.31	192.73	248.33
Long-Term Debt / Total Capital	62.97	66.86	63.85	58.57	66.7
Total Liabilities / Total Assets	69.97	76.03	74.71	72.1	76.01
EBIT / Interest Expense	1.01	0.65	0.79	0.81	0.57
EBITDA / Interest Expense	1.64	1.29	1.3	1.25	1.07
(EBITDA - Capex) / Interest Expense	0.9	-0.1	-2.84	-0.02	-1.69
Total Debt / EBITDA	9.5	13.47	12.13	9.09	14.02
Net Debt / EBITDA	7.55	11.22	10.74	7.87	11.62
Total Debt / (EBITDA - Capex)	17.35	-174.92	-5.56	-562.23	-8.88
Net Debt / (EBITDA - Capex)	13.78	-145.67	-4.92	-486.96	-7.36
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	9.68	-1.18	13.22	28.54	-16.94
Gross Profit, 1 Yr. Growth %	9.68	-1.18	13.22	28.54	-16.94
EBITDA, 1 Yr. Growth %	2.44	-15.44	24.69	44	-27.78
EBITA, 1 Yr. Growth %	0.91	-28.88	47.04	49.96	-39.5
EBIT, 1 Yr. Growth %	0.23	-30.26	48.59	51.28	-40.14
Earnings From Cont. Operations, 1 Yr. Growth %	-223.91	-369.3	-191.37	32.44	-33.58
Net Income, 1 Yr. Growth %	-181.17	-443.81	-147.08	108.44	-25.29
Diluted EPS Before Extra, 1 Yr. Growth %	-169.09	-445.68	-147.02	108.55	-25.71
Normalized Net Income, 1 Yr. Growth %	-280.2	-143.73	211.14	-83.49	-353.11
Net Property, Plant and Equip., 1 Yr. Growth %	-1.16	8.97	27.3	9.23	23.76
Accounts Receivable, 1 Yr. Growth %	18.78	-32.84	-3.82	1.88	13.96
Total Assets, 1 Yr. Growth %	23.88	11.2	13.79	9.44	9.68
Tangible Book Value, 1 Yr. Growth %	-3.22	-11.42	6.2	26.32	-5.87
Cash From Operations, 1 Yr. Growth %	24	-63.51	33.41	42.18	-21.36
Capital Expenditures, 1 Yr. Growth %	-45.49	105.38	149.22	-55.5	84.49
Levered Free Cash Flow, 1 Yr. Growth %	-49.24	868.16	64.83	-12.58	-63.75
Unlevered Free Cash Flow, 1 Yr. Growth %	13.45K	-343.53	82.2	-28.14	-89.42
Dividend Per Share, 1 Yr. Growth %	133.03	-23.62	-	-	-
Common Equity, 1 Yr. Growth %	5.4	-10.86	5.13	22.34	-5.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	29.52	4.1	5.77	20.64	3.33
Gross Profit, 2 Yr. CAGR %	29.52	4.1	5.77	20.64	3.33
EBITDA, 2 Yr. CAGR %	22.96	-6.92	1.6	34	1.97
EBITA, 2 Yr. CAGR %	19.4	-15.29	2.15	48.49	-4.75
EBIT, 2 Yr. CAGR %	18.91	-16.39	1.69	49.93	-4.84
Earnings From Cont. Operations, 2 Yr. CAGR %	71.52	82.67	56.86	10	-6.21
Net Income, 2 Yr. CAGR %	215.42	67.06	27.22	-0.94	24.79
Diluted EPS Before Extra, 2 Yr. CAGR %	179.19	54.54	27.5	-0.97	24.47
Normalized Net Income, 2 Yr. CAGR %	178.84	-11.23	17.02	-28.32	-35.35
Net Property, Plant and Equip., 2 Yr. CAGR %	2.3	3.78	17.78	17.92	16.27
Accounts Receivable, 2 Yr. CAGR %	26.7	-10.68	-19.63	-1.01	7.75
Total Assets, 2 Yr. CAGR %	23.72	17.37	12.49	11.6	9.56
Common Equity, 2 Yr. CAGR %	76.52	-3.07	-3.2	13.41	7.42
Tangible Book Value, 2 Yr. CAGR %	76.17	-7.41	-3.01	15.82	9.04
Cash From Operations, 2 Yr. CAGR %	5.55	-32.74	2.67	38.23	5.74
Capital Expenditures, 2 Yr. CAGR %	-61.44	5.81	171.82	6.76	-9.39
Levered Free Cash Flow, 2 Yr. CAGR %	-75.52	80.65	365.85	22	-43.7
Unlevered Free Cash Flow, 2 Yr. CAGR %	-71.22	1.94K	165.42	16.79	-72.42
Dividend Per Share, 2 Yr. CAGR %	63.51	33.41	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	38.24	18.35	7.06	12.88	6.53
Gross Profit, 3 Yr. CAGR %	38.24	18.35	7.06	12.88	6.53
EBITDA, 3 Yr. CAGR %	36.59	8.54	1.88	14.13	9.04
EBITA, 3 Yr. CAGR %	31.74	0.46	1.74	16.1	10.08
EBIT, 3 Yr. CAGR %	31.38	-0.47	1.2	16.08	10.4
Earnings From Cont. Operations, 3 Yr. CAGR %	26.36	99.35	45	48.26	-7.02
Net Income, 3 Yr. CAGR %	40.46	224.61	9.52	49.98	-9.83
Diluted EPS Before Extra, 3 Yr. CAGR %	23.82	199.79	3.94	50.22	-10.02
Normalized Net Income, 3 Yr. CAGR %	53.09	50.38	35.13	-39.08	9.15
Net Property, Plant and Equip., 3 Yr. CAGR %	21.05	4.47	11.09	14.86	19.83
Accounts Receivable, 3 Yr. CAGR %	38.42	2.54	-8.45	-13.02	3.75
Total Assets, 3 Yr. CAGR %	30.51	19.4	16.16	11.46	10.95
Common Equity, 3 Yr. CAGR %	70.06	40.57	-0.41	4.66	6.65
Tangible Book Value, 3 Yr. CAGR %	67.35	40.09	-3.08	5.92	8.08
Cash From Operations, 3 Yr. CAGR %	18.41	-25.93	9.33	14.72	14.54
Capital Expenditures, 3 Yr. CAGR %	-35.27	-32.65	59.1	50.07	28.12
Levered Free Cash Flow, 3 Yr. CAGR %	-49.46	-27.24	94.12	169.61	-18.59
Unlevered Free Cash Flow, 3 Yr. CAGR %	-42.88	-36.61	964.11	74.07	-47.54
Dividend Per Share, 3 Yr. CAGR %	38.79	26.87	-	-	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	24.57	21.78	24.2	19.26	5.55
Gross Profit, 5 Yr. CAGR %	24.57	21.78	24.2	19.26	5.55
EBITDA, 5 Yr. CAGR %	22.95	15.73	21.34	17.58	1.92
EBITA, 5 Yr. CAGR %	21.04	8.69	19	17.41	-0.91
EBIT, 5 Yr. CAGR %	20.84	8.09	18.58	17.21	-1.26
Earnings From Cont. Operations, 5 Yr. CAGR %	45.27	22.9	37.78	57.16	21.81
Net Income, 5 Yr. CAGR %	156.39	31.52	35.01	101.92	15.39
Diluted EPS Before Extra, 5 Yr. CAGR %	130.52	20.18	25.28	92.49	11.71
Normalized Net Income, 5 Yr. CAGR %	63.86	34.04	37.49	11.95	0.62
Net Property, Plant and Equip., 5 Yr. CAGR %	25.6	25.24	19.73	9.66	13.13
Accounts Receivable, 5 Yr. CAGR %	25.11	15.77	11.37	1.1	-2.29
Total Assets, 5 Yr. CAGR %	36.09	29.11	22.98	16.21	13.48
Common Equity, 5 Yr. CAGR %	68.39	44.51	35.74	29	2.65
Tangible Book Value, 5 Yr. CAGR %	66.49	42.28	34.54	29.82	1.6
Cash From Operations, 5 Yr. CAGR %	23.13	-2.18	11.84	10.96	8.04
Capital Expenditures, 5 Yr. CAGR %	1.82	24.16	14.92	-12.85	27.72
Levered Free Cash Flow, 5 Yr. CAGR %	-14.67	40.88	13.22	-4.85	19.08
Unlevered Free Cash Flow, 5 Yr. CAGR %	-0.94	65.72	10.63	-11.22	148.88
Dividend Per Share, 5 Yr. CAGR %	29.04	19.99	-	-	-