ADIGO RENEWABLES AS: årsregnskap 2025 vs 2024
Grew 102% on revenue, slipped into loss, cash halved-plus
approved 2026-06-30; registry 2026-08-22; journal 2026 738971
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADIGO RENEWABLES AS. Revenue 16.42m NOK → 33.11m NOK (+101.6%). Net result +314.8k NOK → -2.77m NOK. Equity 124.3k NOK → -2.65m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ADIGO RENEWABLES AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 16.42m NOK to 33.11m NOK (+101.6% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +685.9k NOK → -1.84m NOK (op. margin 4.2% → -5.6%). Calculated
-
↓
Fell into a net loss
Net result flipped from 314.8k NOK profit to a loss of 2.77m NOK. Calculated
-
↓
Equity eroded
Book equity 124.3k NOK → -2.65m NOK (equity ratio 1.9% → -34.4%). Calculated
-
↓
Cash fell
Bank deposits 525.6k NOK → 250.9k NOK (-52.3% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -34.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 3.61m NOK → 4.69m NOK (22% → 14% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 10.09m NOK → 28.45m NOK (+181.9% YoY). Calculated