1ST BRANDS AS: årsregnskap 2025 vs 2024
Stronger earnings
approved 2026-06-30; registry 2026-07-27; journal 2026 644816
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 1ST BRANDS AS. Revenue 6.93m NOK → 6.83m NOK (-1.4%). Net result +175.8k NOK → +474.4k NOK. Equity 177.4k NOK → 86.0k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 1ST BRANDS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +272.6k NOK → +626.6k NOK (op. margin 3.9% → 9.2%). Calculated
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Net result improved
Net result +175.8k NOK → +474.4k NOK (net margin 2.5% → 6.9%). Calculated
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Cash rose
Bank deposits 141.5k NOK → 816.2k NOK (+476.8% YoY). Calculated
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Payroll decreased
Salary cost 3.62m NOK → 3.09m NOK (52% → 45% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.93m NOK to 6.83m NOK (-1.4% YoY). Calculated
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↓
Equity eroded
Book equity 177.4k NOK → 86.0k NOK (equity ratio 11.3% → 4.4%). Calculated
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Current ratio dropped below 1×
Current ratio 1.07× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 1.71m NOK → 1.64m NOK (-4.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 150.0k NOK → 100.0k NOK. Reported fact