Novo Nordisk A/S, a healthcare company, engages in the research, development, manufacture, and marketing of pharmaceutical products worldwide. It operates in two segments, Diabetes and Obesity care, and Rare Disease. The Diabetes and Obesity care segment provides products in the areas of insulins, GLP-1 and related delivery systems, oral antidiabetic products, obesity, glucagon, needles, and other chronic diseases. The Rare Disease segment offers products in the areas of haemophilia, blood disorders, endocrine disorders, growth disorders, and hormone replacement therapy. The company has a collaboration agreement with Gilead Sciences, Inc.; and research collaboration with Novo Nordisk to discover cell-specific carriers of nucleic acid therapeutics. The company was founded in 1923 and is headquartered in Bagsvaerd, Denmark.

Novo Nordisk A/S

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Cost of Goods Sold

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Non-Recurring Income from the Initial Public Offering of NNIT a/S

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Operating Profit

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Financial Income

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Profit Before Income Taxes

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Net Profit

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Basic Earnings per Share

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Total Revenues

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Cost of Sales

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Gross Profit Margin

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Consolidated Net Income

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Net Income Attributable to Common Shareholders

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Basic EPS

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Basic Weighted Average Shares Outstanding

Revenue

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Assets

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Net Revenue

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Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	315,603	311,938	303,141	290,403	270,583	258,003
Total Revenues %Chg	16.6%	20.9%	24.1%	25%	26.2%	28.2%
Net Sales
Cost of Sales	56,664	50,068	47,496	44,522	41,512	39,917
Cost of Goods Sold
Gross Profit	258,939	261,870	255,645	245,881	229,071	218,086
Gross Profit
Gross Profit Margin	82%	83.9%	84.3%	84.7%	84.7%	84.5%
Selling, General & Administrative Expenses	73,122	71,834	69,076	67,377	65,722	63,205
Sales and Distribution Costs
Administrative Costs
Research & Development Expenses	51,193	45,288	49,764	48,062	44,720	43,360
Research and Development Costs
Other Operating Expenses	1,965	1,949	1,521	2,103	261	62
Other Operating Income and Expenses
Non-Recurring Income from the Initial Public Offering of NNIT a/S
Operating Profit	132,659	142,799	135,284	128,339	118,368	111,459
Operating Profit
Operating Margin	42%	45.8%	44.6%	44.2%	43.7%	43.2%
Interest and Investment Income	12,959	11,831	7,477	6,198	1,341	5,480
Financial Income
Interest Expense	-13,706	-13,851	-10,455	-7,346	-455	-4,006
Financial Expenses
Total Non-Operating Income	-747	-2,020	-2,978	-1,148	886	1,474
Income Before Provision for Income Taxes	131,912	140,779	132,306	127,191	119,254	112,933
Profit Before Income Taxes
Provision for Income Taxes	28,139	29,711	27,691	26,203	24,533	23,035
Income Taxes
Consolidated Net Income	103,773	111,068	104,615	100,988	94,721	89,898
Net Profit
Net Income Attributable to Common Shareholders	103,773	111,068	104,615	100,988	94,721	89,898
Net Profit
Basic EPS	23.3	25	23.5	22.7	21.3	20.1
Diluted EPS	23.3	25	23.5	22.6	21.2	20.1
Basic Weighted Average Shares Outstanding	4,447.4	4,448.1	4,449.8	4,454.7	4,457.5	4,463.7
Total Shares Outstanding	4,439.6	4,439.6	4,439.6	4,465	4,451.4	4,453.9
Diluted Weighted Average Shares Outstanding	4,447.4	4,451.6	4,455.5	4,462.6	4,468	4,477
EBITDA	154,277	158,810	155,307	147,446	135,269	128,735
Effective Tax Rate	21.3%	21.1%	20.9%	20.6%	20.6%	20.4%