Org.nr 927 167 778 2024 → 2025 Year-over-year analysis

ADAPTIC TECHNOLOGY AS: årsregnskap 2025 vs 2024

Grew 32% on revenue, stronger earnings, cash halved-plus

approved 2026-06-12; registry 2026-07-23; journal 2026 626973

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for ADAPTIC TECHNOLOGY AS. Revenue 43.53m NOK → 57.62m NOK (+32.4%). Net result -2.64m NOK → -1.80m NOK. Equity 6.21m NOK → 4.60m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.

Also worth watching: paid-in equity reduced; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADAPTIC TECHNOLOGY AS.

Scorecard

Revenue
43.53m NOK 57.62m NOK
+32.4%
Operating result
-2.49m NOK -1.78m NOK
+28.4%
Net result
-2.64m NOK -1.80m NOK
+31.8%
Equity
6.21m NOK 4.60m NOK
-25.9%
Cash
981.9k NOK 63.5k NOK
-93.5%
Total assets
21.35m NOK 26.78m NOK
+25.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 43.53m NOK to 57.62m NOK (+32.4% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -2.49m NOK → -1.78m NOK (op. margin -5.7% → -3.1%). Calculated

  • ↑

    Net result improved

    Net result -2.64m NOK → -1.80m NOK (net margin -6.1% → -3.1%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 6.21m NOK → 4.60m NOK (equity ratio 29.1% → 17.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 981.9k NOK → 63.5k NOK (-93.5% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 11.12m NOK → 9.12m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Payroll increased

    Salary cost 20.62m NOK → 21.41m NOK (47% → 37% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 16.71m NOK → 29.09m NOK (+74.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 6 NOK → 3 388 NOK. Reported fact

  • ·

    Headcount (årsverk) changed

    Reported FTEs 19 → 22. Reported fact