Org.nr 963 682 298 2024 → 2025 Year-over-year analysis

ADLER CAPITAL AS: årsregnskap 2025 vs 2024

Shrank 42% on revenue, weaker earnings

approved 2026-02-23; registry 2026-06-20; journal 2026 563436

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for ADLER CAPITAL AS. Revenue 410.4k NOK → 240.0k NOK (-41.5%). Net result +134.7k NOK → +60.2k NOK. Equity -181.0k NOK → -120.8k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADLER CAPITAL AS.

Scorecard

Revenue
410.4k NOK 240.0k NOK
-41.5%
Operating result
+173.9k NOK +78.7k NOK
-54.7%
Net result
+134.7k NOK +60.2k NOK
-55.3%
Equity
-181.0k NOK -120.8k NOK
+33.3%
Cash
3 827 NOK 2 925 NOK
-23.6%
Total assets
151.1k NOK 181.5k NOK
+20.2%

What improved

  • ↑

    Equity strengthened

    Book equity -181.0k NOK → -120.8k NOK (equity ratio -119.8% → -66.5%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 410.4k NOK to 240.0k NOK (-41.5% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +173.9k NOK → +78.7k NOK (op. margin 42.4% → 32.8%). Calculated

  • ↓

    Net result weakened

    Net result +134.7k NOK → +60.2k NOK (net margin 32.8% → 25.1%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 39.8k NOK → 30.3k NOK. Reported fact