21 GRAMS AS: årsregnskap 2025 vs 2024
Shrank 10% on revenue, weaker earnings, cash halved-plus
approved 2026-03-17; registry 2026-04-16; journal 2026 348151
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 21 GRAMS AS. Revenue 52.68m NOK → 47.15m NOK (-10.5%). Net result +2.53m NOK → +781.1k NOK. Equity 7.01m NOK → 7.79m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for 21 GRAMS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 7.01m NOK → 7.79m NOK (equity ratio 48.3% → 52.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 52.68m NOK to 47.15m NOK (-10.5% YoY). Calculated
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↓
Operating result weakened
Operating result +3.23m NOK → +1.17m NOK (op. margin 6.1% → 2.5%). Calculated
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↓
Net result weakened
Net result +2.53m NOK → +781.1k NOK (net margin 4.8% → 1.7%). Calculated
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↓
Cash fell
Bank deposits 6.81m NOK → 188.8k NOK (-97.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (6.81m NOK → 188.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 44.48m NOK → 39.38m NOK (-11.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 0 NOK → 155.0k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 3 → 4. Reported fact