Org.nr 932 248 174 2024 → 2025 Year-over-year analysis

AEON BIOTECH AS: årsregnskap 2025 vs 2024

Shrank 89% on revenue, stronger earnings, cash halved-plus

approved 2026-05-25; registry 2026-06-02; journal 2026 506340

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for AEON BIOTECH AS. Revenue 113.0k NOK → 12.0k NOK (-89.4%). Net result -207.2k NOK → -59.9k NOK. Equity -131.4k NOK → -441.3k 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; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AEON BIOTECH AS.

Scorecard

Revenue
113.0k NOK 12.0k NOK
-89.4%
Operating result
-206.9k NOK -59.9k NOK
+71.1%
Net result
-207.2k NOK -59.9k NOK
+71.1%
Equity
-131.4k NOK -441.3k NOK
-235.8%
Cash
4 965 NOK 2 103 NOK
-57.6%
Total assets
36.3k NOK 2 103 NOK
-94.2%

What improved

  • ↑

    Operating result improved

    Operating result -206.9k NOK → -59.9k NOK (op. margin -183.1% → -500.0%). Calculated

  • ↑

    Net result improved

    Net result -207.2k NOK → -59.9k NOK (net margin -183.3% → -500.0%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 113.0k NOK to 12.0k NOK (-89.4% YoY). Calculated

  • ↓

    Equity eroded

    Book equity -131.4k NOK → -441.3k NOK (equity ratio -362.1% → -20986.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 4 965 NOK → 2 103 NOK (-57.6% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -20986.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 744.4k NOK → 494.4k NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 247.3k NOK → 247 NOK (-99.9% YoY). Calculated