50 DEGREES NORTH NORDIC AS: årsregnskap 2025 vs 2024
Weaker earnings, cash halved-plus
approved 2026-06-22; registry 2026-07-21; journal 2026 605565
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 50 DEGREES NORTH NORDIC AS. Revenue 39.52m NOK → 38.75m NOK (-1.9%). Net result +3.64m NOK → +1.98m NOK. Equity 16.42m NOK → 985.5k NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 50 DEGREES NORTH NORDIC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +2.40m NOK → +11.51m NOK (op. margin 6.1% → 29.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 39.52m NOK to 38.75m NOK (-1.9% YoY). Calculated
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↓
Net result weakened
Net result +3.64m NOK → +1.98m NOK (net margin 9.2% → 5.1%). Calculated
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↓
Equity eroded
Book equity 16.42m NOK → 985.5k NOK (equity ratio 24.6% → 0.8%). Calculated
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↓
Cash fell
Bank deposits 14.55m NOK → 6.19m NOK (-57.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.30× → 0.93× — 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 0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 11.50m NOK → 3.38m NOK (-70.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 6.93m NOK → 9.06m NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 11.8 → 10. Reported fact