1X TECHNOLOGIES AS: årsregnskap 2025 vs 2024
Grew 2026% on revenue, weaker earnings, cash halved-plus
approved 2026-06-15; registry 2026-07-22; journal 2026 609039
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 1X TECHNOLOGIES AS. Revenue 15.25m NOK → 324.17m NOK (+2026.3%). Net result -359.74m NOK → -657.70m NOK. Equity 546.60m NOK → -111.10m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; payroll increased. All figures are taken from the published annual accounts for 1X TECHNOLOGIES AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 15.25m NOK to 324.17m NOK (+2026.3% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -344.42m NOK → -648.87m NOK (op. margin -2259.1% → -200.2%). Calculated
-
↓
Net result weakened
Net result -359.74m NOK → -657.70m NOK (net margin -2359.6% → -202.9%). Calculated
-
↓
Equity eroded
Book equity 546.60m NOK → -111.10m NOK (equity ratio 73.9% → -27.2%). Calculated
-
↓
Cash fell
Bank deposits 9.33bn NOK → 11 NOK (-100.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.09× → 0.13× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -27.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (9.33bn NOK → 11 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Payroll increased
Salary cost 2.11bn NOK → 3.26bn NOK (13838% → 1005% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 22.65m NOK → 101.53m NOK (+348.3% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 977.1k NOK → 591.5k NOK. Reported fact
-
·
Headcount (årsverk) changed
Reported FTEs 98 → 159. Reported fact