Org.nr 911 382 008 2024 → 2025 Year-over-year analysis

ELKEM ASA: årsregnskap 2025 vs 2024

Shrank 13% on revenue, stronger earnings

approved 2026-04-30; registry 2026-07-30; journal 2026 604511

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for ELKEM ASA. Revenue 9.71bn NOK → 8.46bn NOK (-12.9%). Net result +2.32m NOK → +2.90bn NOK. Equity 15.66bn NOK → 18.62bn NOK.

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

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ELKEM ASA.

Scorecard

Revenue
9.71bn NOK 8.46bn NOK
-12.9%
Operating result
+181.00m NOK +131.00m NOK
-27.6%
Net result
+2.32m NOK +2.90bn NOK
+124738.6%
Equity
15.66bn NOK 18.62bn NOK
+18.8%
Cash
2.73bn NOK 1.47bn NOK
-46.2%
Total assets
36.14bn NOK 35.38bn NOK
-2.1%

What improved

  • ↑

    Net result improved

    Net result +2.32m NOK → +2.90bn NOK (net margin 0.0% → 34.3%). Calculated

  • ↑

    Equity strengthened

    Book equity 15.66bn NOK → 18.62bn NOK (equity ratio 43.4% → 52.6%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 3.50bn NOK → 3.51bn NOK (+6.00m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 9.71bn NOK to 8.46bn NOK (-12.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +181.00m NOK → +131.00m NOK (op. margin 1.9% → 1.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.73bn NOK → 1.47bn NOK (-46.2% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 21.73bn NOK → 21.15bn NOK. Reported fact