DK: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	10.72bn	11.85bn
Cost of revenue	10.11bn	11.90bn
Selling, general and administrative	270m	253m
Operating expenses	10.42bn	12.34bn
Operating income	301m	−492m
Pre-tax income	39m	−706m
Income tax	−7m	−108m
Net income	−23m	−560m
Earnings per share	−0.38	−8.77
Earnings per share, diluted	−0.38	−8.77
Weighted average shares	61m	64m
Weighted average shares, diluted	61m	64m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	624m	626m	631m	616m	624m	736m	1.04bn	658m
Receivables	943m	649m	667m	743m	649m	618m	562m	771m
Inventory	931m	726m	769m	861m	853m	893m	915m	1.01bn
Current assets	2.65bn	2.07bn	2.35bn	2.32bn	2.21bn	2.33bn	2.56bn	2.50bn
Property, plant and equipment	3.41bn	3.27bn	3.23bn	3.25bn	3.19bn	2.94bn	2.83bn	2.79bn
Goodwill	475m	475m	475m	475m	475m	475m	688m	729m
Total assets	7.57bn	6.85bn	7.08bn	7.07bn	6.88bn	6.67bn	7.03bn	6.94bn
Current liabilities	3.49bn	2.53bn	2.72bn	2.91bn	2.59bn	2.52bn	2.47bn	2.56bn
Short-term debt	10m	10m	10m	10m	10m	10m	10m	10m
Long-term debt	3.17bn	3.22bn	3.17bn	3.09bn	3.03bn	2.76bn	2.78bn	2.45bn
Equity	302m	547m	445m	295m	429m	575m	875m	983m
Shares outstanding	—	77m	78m	78m	78m	80m	81m	82m
Shares issued	79m	77m	78m	78m	78m	80m	81m	82m
Treasury shares	18m	18m	18m	18m	18m	18m	18m	18m

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	536m	−67m
Depreciation and amortisation	398m	375m
Share-based compensation	87m	34m
Capital expenditure	530m	428m
Investing cash flow	−698m	−242m
Dividends paid	62m	64m
Share buybacks	—	0
Financing cash flow	52m	222m