1ST ENERGY AS: årsregnskap 2025 vs 2024
Shrank 22% on revenue, stronger earnings
approved 2026-06-25; registry 2026-08-12; journal 2026 713936
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 1ST ENERGY AS. Revenue 87.90m NOK → 68.31m NOK (-22.3%). Net result +5.54m NOK → +15.07m NOK. Equity 4.39m NOK → 12.46m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for 1ST ENERGY AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +159.1k NOK → +19.62m NOK (op. margin 0.2% → 28.7%). Calculated
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Net result improved
Net result +5.54m NOK → +15.07m NOK (net margin 6.3% → 22.1%). Calculated
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Equity strengthened
Book equity 4.39m NOK → 12.46m NOK (equity ratio 15.9% → 16.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 87.90m NOK to 68.31m NOK (-22.3% YoY). Calculated
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Cash fell
Bank deposits 4.20m NOK → 2.28m NOK (-45.9% YoY). Calculated
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Payroll up without matching revenue
Salary cost 3.73m NOK → 7.20m NOK (4% → 11% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 77.09m NOK → 32.11m NOK (-58.3% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.10m NOK → 14.76m NOK. Reported fact
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Headcount (årsverk) changed
Reported FTEs 16 → 10. Reported fact