ADMIRAL AS: årsregnskap 2025 vs 2024
Grew 2614% on revenue, weaker earnings
approved 2026-06-17; registry 2026-06-24; journal 2026 578040
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADMIRAL AS. Revenue 5 700 NOK → 154.7k NOK (+2614.0%). Net result -22.8k NOK → -68.6k NOK. Equity 1 458 NOK → -67.2k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADMIRAL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5 700 NOK to 154.7k NOK (+2614.0% YoY). Calculated
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↑
Cash rose
Bank deposits 8 032 NOK → 13.4k NOK (+66.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -29.2k NOK → -78.7k NOK (op. margin -511.9% → -50.9%). Calculated
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↓
Net result weakened
Net result -22.8k NOK → -68.6k NOK (net margin -399.3% → -44.4%). Calculated
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↓
Equity eroded
Book equity 1 458 NOK → -67.2k NOK (equity ratio 1.0% → -49.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -49.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 0 NOK → 18.9k NOK (0% → 12% of revenue). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 0 → 1. Reported fact