99X GROUP AS: årsregnskap 2024 vs 2023
Weaker earnings, cash halved-plus
approved 2025-06-30; registry 2025-07-07; journal 2025 635510
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for 99X GROUP AS. Revenue 6.00m NOK → 6.00m NOK (0.0%). Net result -782.8k NOK → -144.35m NOK. Equity 349.16m NOK → 205.83m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed; headcount (årsverk) changed. All figures are taken from the published annual accounts for 99X GROUP AS.
At a glance
Scorecard
What deteriorated
-
↓
Operating result weakened
Operating result -605.3k NOK → -6.07m NOK (op. margin -10.1% → -101.2%). Calculated
-
↓
Net result weakened
Net result -782.8k NOK → -144.35m NOK (net margin -13.0% → -2405.8%). Calculated
-
↓
Equity eroded
Book equity 349.16m NOK → 205.83m NOK (equity ratio 78.7% → 56.2%). Calculated
-
↓
Cash fell
Bank deposits 2.03m NOK → 268.2k NOK (-86.8% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.03m NOK → 268.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 399.15m NOK → 1.50m NOK. Reported fact
-
·
Headcount (årsverk) changed
Reported FTEs 1.5 → 1.33. Reported fact