A C SMITH & CO AS: årsregnskap 2025 vs 2024
Grew 6% on revenue, weaker earnings, cash halved-plus
approved 2026-06-10; registry 2026-07-06; journal 2026 536649
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for A C SMITH & CO AS. Revenue 72.14m NOK → 76.44m NOK (+6.0%). Net result +25.22m NOK → +13.96m NOK. Equity 25.37m NOK → 14.63m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for A C SMITH & CO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 72.14m NOK to 76.44m NOK (+6.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +32.39m NOK → +17.43m NOK (op. margin 44.9% → 22.8%). Calculated
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↓
Net result weakened
Net result +25.22m NOK → +13.96m NOK (net margin 35.0% → 18.3%). Calculated
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↓
Equity eroded
Book equity 25.37m NOK → 14.63m NOK (equity ratio 51.5% → 43.7%). Calculated
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↓
Cash fell
Bank deposits 17.39m NOK → 5.16m NOK (-70.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (17.39m NOK → 5.16m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 14.32m NOK → 17.76m NOK (20% → 23% of revenue). Calculated
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COGS moved
COGS / varekostnad 22.15m NOK → 37.25m NOK (+68.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 11.7k NOK → 778.6k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 17.5 → 18.5. Reported fact