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    Integrated annual report 2025

    2025 was a year characterized by increasing geopolitical tensions and unpredictability. Despite challenging market conditions, we are strengthening our position in the market.

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    Hydro's integrated annual report for 2025 combines financial and sustainability reporting, reflecting the importance of sustainability in our business.

    Annual report 2025

    Remuneration report 2025

    Annual Report 2025 spreadsheets

    Key Figures 2025

    28.9 NOK billionadjusted EBITDA 3.00 NOKshareholder dividend 9.7 NOK billion net debt adjusted RoaCE 10.2% 32,000 employees 40 countries