Org.nr 917 357 587 2024 → 2025 Year-over-year analysis

ADMIRAL P AS: årsregnskap 2025 vs 2024

Grew 71% on revenue, weaker earnings

approved 2026-03-31; registry 2026-06-02; journal 2026 511896

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for ADMIRAL P AS. Revenue 1.83m NOK → 3.12m NOK (+70.9%). Net result -1 513 NOK → -138.7k NOK. Equity 670.9k NOK → 327.0k NOK.

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

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADMIRAL P AS.

Scorecard

Revenue
1.83m NOK 3.12m NOK
+70.9%
Operating result
-2 830 NOK -138.5k NOK
-4792.7%
Net result
-1 513 NOK -138.7k NOK
-9065.7%
Equity
670.9k NOK 327.0k NOK
-51.3%
Cash
622.7k NOK 669.9k NOK
+7.6%
Total assets
841.7k NOK 704.0k NOK
-16.4%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.83m NOK to 3.12m NOK (+70.9% YoY). Calculated

  • ↑

    Cash rose

    Bank deposits 622.7k NOK → 669.9k NOK (+7.6% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -2 830 NOK → -138.5k NOK (op. margin -0.2% → -4.4%). Calculated

  • ↓

    Net result weakened

    Net result -1 513 NOK → -138.7k NOK (net margin -0.1% → -4.4%). Calculated

  • ↓

    Equity eroded

    Book equity 670.9k NOK → 327.0k NOK (equity ratio 79.7% → 46.5%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 664.3k NOK → 1 976 NOK (-99.7% YoY). Calculated