Business Segments Norsk Hydro ASA

Equities

NHY

NO0005052605

Aluminum

Real-time Oslo Bors Other stock markets 18:48:29 16/02/2026 +04			5-day change	1st Jan Change
84.12 ^NOK	-1.98%		-6.03%	+7.54%

05:31pm	Goldman Sachs Downgrades Norsk Hydro to Sell, Trims PT	MT
05:30pm	Kepler Cheuvreux Downgrades Norsk Hydro to Reduce, Lifts PT	MT

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Operating Income: Breakdown by Business Segment

Breakdown by Business Segment (NOK)

Fiscal Period: December	2021	2022	2023	2024	2025
Rolling, Drawing and Extruding of Aluminum
Hydro Metal Markets	65.06B	90.97B	81.32B	81.39B	86.02B
Total Assets	16.18B	15.62B	19.55B	22.64B	25.06B
CAPEX	-214M	-969M	-4.45B	-1.14B	-1.26B
EBITDA	872M	1.67B	1.53B	1.18B	360M
D&A	149M	161M	368M	698M	698M
Operating Income	721M	1.51B	835M	750M	-612M
Hydro Extrusions	70.3B	91.18B	82.64B	75.13B	78.43B
Total Assets	42.37B	44.99B	47.08B	50.88B	47.64B
CAPEX	-1.76B	-3.22B	-5.01B	-4.12B	-3.27B
EBITDA	5.56B	7.02B	6.48B	4.06B	3.48B
D&A	2.65B	3.3B	3.17B	3.32B	3.86B
Operating Income	3.22B	4B	3.21B	532M	-1.73B
Rolling	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Aluminum Production
Hydro Aluminium Metal	42.55B	65.48B	58.38B	55.49B	57.2B
Total Assets	52.33B	61.85B	58.86B	64.12B	61.6B
CAPEX	-3.48B	-3.39B	-4.41B	-5.4B	-5.04B
EBITDA	11.44B	22.96B	10.5B	9.67B	11.41B
D&A	3.16B	2.66B	3.35B	2.86B	3.2B
Operating Income	11.22B	20.47B	9.12B	6.96B	7.04B
Hydro Bauxite & Alumina	27.7B	33.95B	35.52B	54.22B	50.6B
Total Assets	31.73B	38.57B	41.87B	42.45B	37.98B
CAPEX	-2.34B	-3.8B	-8.34B	-4.32B	-3.51B
EBITDA	5.31B	3.12B	1.83B	10.8B	9.34B
D&A	2.02B	2.5B	6.61B	2.94B	3.07B
Operating Income	3.32B	626M	-5.22B	7.91B	6.13B
Hydroelectric Power Generation
Hydro Energy	10.15B	12.61B	11.56B	10.59B	12.55B
Total Assets	14.25B	15.84B	20.53B	19.39B	18.76B
CAPEX	-692M	-1.92B	-3.35B	-5.97B	-979M
EBITDA	3.92B	4.93B	3.15B	3.54B	4.15B
D&A	194M	190M	196M	232M	527M
Operating Income	3.6B	4.74B	2.41B	2.89B	3.62B
Claim Processors
Other and Eliminations	-66.1B	-86.26B	-75.79B	-73.18B	-76.83B
Total Assets	17.65B	21.75B	18.58B	7.9B	17.25B
CAPEX	-104M	-92M	-78M	-75M	-79M
EBITDA	-1.05B	-39M	-1.23B	-2.93B	151M
D&A	113M	121M	113M	120M	129M
Operating Income	-1.18B	11M	-758M	-2.56B	-36M

Geographical Revenue Distribution History

Geographical breakdown of sales (NOK)

Fiscal Period: December	2021	2022	2023	2024	2025
USA	34.17B	48.33B	44.09B	41.46B	46.37B
Total Assets	8.71B	10.57B	12.45B	14.31B	12.68B
CAPEX	-824M	-1.95B	-3.02B	-1.87B	-1.43B
Germany	13.93B	21.72B	21.04B	20.12B	19.77B
Total Assets	2.6B	2.88B	4B	3.95B	3.58B
CAPEX	-214M	-366M	-834M	-242M	-199M
Switzerland	5.51B	6.22B	8.46B	15.77B	14.34B
Total Assets	176M	162M	81M	155M	117M
CAPEX	-7M	-6M	-11M	-146M	-10M
Norway	273M	9.01B	7.36B	7.83B	12.19B
Total Assets	36.33B	34.94B	32.56B	41.63B	41.76B
CAPEX	-2.86B	-2.43B	-3.69B	-8.51B	-4.17B
Poland	5.51B	7.65B	7.32B	8.1B	8.82B
Total Assets	762M	792M	3.41B	3.54B	3.57B
CAPEX	-61M	-111M	-2.59B	-320M	-407M
Spain	7.68B	8.87B	7.79B	8B	8.14B
Total Assets	803M	866M	1.17B	1.3B	1.92B
CAPEX	-47M	-127M	-64M	-403M	-837M
France	7.64B	9.28B	9.04B	8.13B	8.12B
Total Assets	2.34B	2.25B	2.33B	2.47B	1.86B
CAPEX	-112M	-122M	-222M	-229M	-217M
Japan	5.17B	5.73B	5.96B	7.07B	7.5B
Total Assets	8M	5M	4M	2M	2M
CAPEX	-1M	-	-	-	-1M
Brazil	8.78B	9.62B	10.41B	9.77B	6.91B
Total Assets	25.31B	32.78B	40.96B	35.84B	35.42B
CAPEX	-3.36B	-6.02B	-11.44B	-6.54B	-5.1B
Italy	5.59B	7.98B	5.97B	6.15B	6.26B
Total Assets	527M	569M	632M	690M	775M
CAPEX	-47M	-70M	-124M	-114M	-144M
China & Hong Kong	-	-	-	-	5.49B
Total Assets	-	-	-	-	891M
CAPEX	-	-	-	-	-115M
United Kingdom	4.84B	8.28B	5.06B	6.47B	4.88B
Total Assets	1.38B	1.16B	927M	970M	631M
CAPEX	-43M	-124M	-126M	-62M	-94M
Canada	2.82B	6.52B	6.94B	8.32B	4.81B
Total Assets	1.96B	2.17B	2.24B	2.91B	2.67B
CAPEX	-214M	-307M	-413M	-551M	-365M
Other EU	1.95B	2.67B	2.95B	2.38B	4.52B
Total Assets	215M	226M	235M	181M	548M
CAPEX	-38M	-30M	-34M	-28M	-83M
Sweden	3.14B	3.58B	4.15B	3.86B	4.4B
Total Assets	742M	1.18B	1.74B	740M	743M
CAPEX	-66M	-531M	-617M	-150M	-63M
Austria	3.42B	4.49B	4.06B	3.6B	3.68B
Total Assets	318M	487M	786M	772M	756M
CAPEX	-49M	-197M	-339M	-44M	-81M
Turkey	2.92B	3.54B	3.36B	2.53B	3.29B
Total Assets	2M	1M	2M	4M	6M
CAPEX	-1M	-1M	-2M	-2M	-5M
Bahrain	1.44B	1.87B	2.53B	3.23B	3.26B
Total Assets	426M	449M	422M	419M	318M
CAPEX	-	-16M	-12M	-2M	-2M
South Korea	2.11B	2.51B	2.05B	2.3B	2.95B
Singapore	3.74B	6.22B	1.6B	2.55B	2.93B
Total Assets	8M	5M	11M	15M	6M
CAPEX	-4M	-	-11M	-7M	-
Czech Republic	1.95B	2.17B	2.42B	2.44B	2.93B
Total Assets	-	-	2M	2M	1M
CAPEX	-	-	-2M	-1M	-
Mexico	1.67B	2.37B	2.92B	2.58B	2.57B
Total Assets	215M	157M	207M	192M	182M
CAPEX	-26M	-10M	-46M	-18M	-6M
Belgium	2.18B	2.69B	1.97B	2.36B	2.52B
Total Assets	764M	738M	780M	771M	806M
CAPEX	-43M	-28M	-92M	-80M	-143M
Other Asia	1.6B	1.86B	2.41B	1.96B	2.41B
Total Assets	-	-	-	1M	-
CAPEX	-	-	-	-	-
The Netherlands	1.99B	2.82B	2.41B	2.21B	2.25B
Total Assets	669M	625M	796M	801M	751M
CAPEX	-27M	-11M	-217M	-51M	-55M
Portugal	1.65B	2.06B	1.94B	1.85B	1.9B
Total Assets	103M	121M	136M	158M	143M
CAPEX	-10M	-28M	-22M	-26M	-6M
India	1.33B	1.83B	1.63B	1.6B	1.74B
Total Assets	146M	11M	12M	20M	32M
CAPEX	-4M	-1M	-2M	-6M	-7M
Other America	399M	569M	575M	516M	1.69B
Total Assets	36M	42M	30M	55M	27M
CAPEX	-7M	-18M	-28M	-16M	-3M
Thailand	1.21B	1.1B	1.03B	1.43B	1.67B
United Arab Emirates	-	-	-	1.52B	1.66B
Total Assets	-	-	-	-	12M
Australia and New Zealand	1.77B	1.64B	1.45B	1.37B	1.54B
Total Assets	607M	660M	56M	183M	77M
CAPEX	-73M	-82M	-97M	-99M	-98M
Denmark	1.5B	1.8B	1.43B	1.38B	1.52B
Total Assets	841M	793M	805M	1.1B	1.16B
CAPEX	-95M	-11M	-125M	-410M	-224M
Qatar	1.81B	2.28B	2.28B	1.16B	1.37B
Total Assets	10.7B	12.44B	12.45B	14.17B	12.35B
Taiwan	1.42B	1.42B	884M	1.09B	988M
Hungary	746M	1.03B	1.08B	684M	922M
Total Assets	979M	1.17B	2.21B	3.04B	3.01B
CAPEX	-132M	-298M	-1.18B	-953M	-261M
Africa	328M	538M	1.03B	1.22B	880M
Total Assets	1M	-	-	-	-
Other Europe	758M	773M	498M	675M	788M
Total Assets	-	-	-	-	1M
CAPEX	-	-	-	-	-1M
Slovenia	-	-	-	939M	-
Finland	760M	1.1B	891M	915M	-
Total Assets	2M	2M	4M	3M	-
CAPEX	-2M	-1M	-3M	-1M	-
Malaysia	-	-	-	-	-
Hong Kong	-	-	-	1.65B	-
China	5.63B	5.1B	5.75B	5.55B	-
Total Assets	665M	846M	938M	979M	-
CAPEX	-49M	-267M	-208M	-95M	-
Saudi Arabia	-	-	-	-	-
Slovakia	331M	699M	881M	883M	-
Total Assets	433M	393M	381M	389M	-
CAPEX	-175M	-154M	-76M	-53M	-