Org.nr 991 711 392 2024 → 2025 Year-over-year analysis

4SUBSEA AS: årsregnskap 2025 vs 2024

Stronger earnings

approved 2026-06-12; registry 2026-08-11; journal 2026 688236

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for 4SUBSEA AS. Revenue 3.38bn NOK → 3.48bn NOK (+2.7%). Net result +26.39m NOK → +60.42m NOK. Equity 139.59m NOK → 200.57m NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for 4SUBSEA AS.

Scorecard

Revenue
3.38bn NOK 3.48bn NOK
+2.7%
Operating result
+49.44m NOK +76.24m NOK
+54.2%
Net result
+26.39m NOK +60.42m NOK
+128.9%
Equity
139.59m NOK 200.57m NOK
+43.7%
Total assets
298.32m NOK 365.39m NOK
+22.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 3.38bn NOK to 3.48bn NOK (+2.7% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +49.44m NOK → +76.24m NOK (op. margin 1.5% → 2.2%). Calculated

  • ↑

    Net result improved

    Net result +26.39m NOK → +60.42m NOK (net margin 0.8% → 1.7%). Calculated

  • ↑

    Equity strengthened

    Book equity 139.59m NOK → 200.57m NOK (equity ratio 46.8% → 54.9%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 28.69m NOK → 29.25m NOK (+561.4k NOK). Reported fact

Things to notice

  • ·

    Payroll increased

    Salary cost 5.15bn NOK → 5.16bn NOK (152% → 149% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 102.28m NOK → 142.02m NOK (+38.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 12.68m NOK → 14.68m NOK. Reported fact