ADMIRAL INVEST AS: årsregnskap 2025 vs 2024
Shrank 64% on revenue, stronger earnings, cash halved-plus
approved 2026-06-18; registry 2026-07-09; journal 2026 561895
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for ADMIRAL INVEST AS. Revenue 511.3k NOK → 182.7k NOK (-64.3%). Net result +380.8k NOK → +916.3k NOK. Equity 485.8k NOK → 402.1k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADMIRAL INVEST AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result +331.6k NOK → +858.0k NOK (op. margin 64.8% → 469.5%). Calculated
-
↑
Net result improved
Net result +380.8k NOK → +916.3k NOK (net margin 74.5% → 501.4%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 511.3k NOK to 182.7k NOK (-64.3% YoY). Calculated
-
↓
Equity eroded
Book equity 485.8k NOK → 402.1k NOK (equity ratio 1.4% → 1.1%). Calculated
-
↓
Cash fell
Bank deposits 6.83m NOK → 3.21m NOK (-53.1% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 11.26m NOK → 15.87m NOK. Reported fact