AIR CARGO LOGISTICS AS: årsregnskap 2025 vs 2024
Grew 34% on revenue, stronger earnings
approved 2026-05-29; registry 2026-07-27; journal 2026 644465
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for AIR CARGO LOGISTICS AS. Revenue 1.06bn NOK → 1.42bn NOK (+33.7%). Net result +3.12m NOK → +17.95m NOK. Equity 17.91m NOK → 10.86m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for AIR CARGO LOGISTICS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.06bn NOK to 1.42bn NOK (+33.7% YoY). Calculated
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↑
Operating result improved
Operating result +3.43m NOK → +24.49m NOK (op. margin 0.3% → 1.7%). Calculated
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Net result improved
Net result +3.12m NOK → +17.95m NOK (net margin 0.3% → 1.3%). Calculated
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↑
Cash rose
Bank deposits 4.03m NOK → 10.75m NOK (+167.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 17.91m NOK → 10.86m NOK (equity ratio 12.5% → 5.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 1.01bn NOK → 1.34bn NOK (+33.0% YoY). Calculated
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Headcount (årsverk) changed
Reported FTEs 35 → 36. Reported fact