Org.nr 895 436 232 2023 → 2024 Year-over-year analysis

ATLANTIC SAPPHIRE ASA: årsregnskap 2024 vs 2023

Grew 109% on revenue, weaker earnings, cash halved-plus

approved 2025-04-23; registry 2025-07-30; journal 2025 594920

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for ATLANTIC SAPPHIRE ASA. Revenue 6.67m NOK → 13.94m NOK (+109.1%). Net result -1.33bn NOK → -1.67bn NOK. Equity 2.79bn NOK → 2.07bn NOK.

On the constructive side: revenue rose; operating result improved; owners injected capital. Pressures included: net result weakened; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ATLANTIC SAPPHIRE ASA.

Scorecard

Revenue
6.67m NOK 13.94m NOK
+109.1%
Operating result
-7.23m NOK -5.80m NOK
+19.8%
Net result
-1.33bn NOK -1.67bn NOK
-26.1%
Equity
2.79bn NOK 2.07bn NOK
-25.6%
Cash
124.60m NOK 234.8k NOK
-99.8%
Total assets
2.79bn NOK 2.31bn NOK
-17.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.67m NOK to 13.94m NOK (+109.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -7.23m NOK → -5.80m NOK (op. margin -108.5% → -41.6%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 6.47bn NOK → 7.43bn NOK (+961.30m NOK). Reported fact

What deteriorated

  • ↓

    Net result weakened

    Net result -1.33bn NOK → -1.67bn NOK (net margin -19923.1% → -12016.5%). Calculated

  • ↓

    Equity eroded

    Book equity 2.79bn NOK → 2.07bn NOK (equity ratio 99.8% → 89.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 124.60m NOK → 234.8k NOK (-99.8% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (124.60m NOK → 234.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 2.60bn NOK → 1.99bn NOK. Reported fact