ABAX AS: årsregnskap 2024 vs 2023
Shrank 10% on revenue, weaker earnings, cash halved-plus
approved 2025-06-30; registry 2025-08-07; journal 2025 742917
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for ABAX AS. Revenue 550.81m NOK → 497.88m NOK (-9.6%). Net result +274.44m NOK → +81.13m NOK. Equity 1.36bn NOK → 1.28bn NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABAX AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 550.81m NOK to 497.88m NOK (-9.6% YoY). Calculated
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Operating result weakened
Operating result +108.28m NOK → +105.64m NOK (op. margin 19.7% → 21.2%). Calculated
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Net result weakened
Net result +274.44m NOK → +81.13m NOK (net margin 49.8% → 16.3%). Calculated
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Equity eroded
Book equity 1.36bn NOK → 1.28bn NOK (equity ratio 66.0% → 61.8%). Calculated
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Cash fell
Bank deposits 125.47m NOK → 37.89m NOK (-69.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (125.47m NOK → 37.89m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 1.31bn NOK → 1.35bn NOK. Reported fact