AIRLOG GROUP AS: årsregnskap 2025 vs 2024
Shrank 23% on revenue, weaker earnings, cash halved-plus
approved 2026-03-18; registry 2026-04-20; journal 2026 350848
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for AIRLOG GROUP AS. Revenue 33.86m NOK → 25.99m NOK (-23.3%). Net result +492.4k NOK → +29.2k NOK. Equity 1.56m NOK → 1.59m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AIRLOG GROUP AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 1.56m NOK → 1.59m NOK (equity ratio 5.5% → 4.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 33.86m NOK to 25.99m NOK (-23.3% YoY). Calculated
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↓
Operating result weakened
Operating result +901.1k NOK → +382.1k NOK (op. margin 2.7% → 1.5%). Calculated
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↓
Net result weakened
Net result +492.4k NOK → +29.2k NOK (net margin 1.5% → 0.1%). Calculated
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↓
Cash fell
Bank deposits 469.5k NOK → 76.3k NOK (-83.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 24.90m NOK → 18.55m NOK (-25.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 5 900 NOK → 43.4k NOK. Reported fact
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·
Headcount (årsverk) changed
Reported FTEs 4 → 4.5. Reported fact