FJORD DEFENCE GROUP ASA: årsregnskap 2025 vs 2024
Grew 766% on revenue, weaker earnings
approved 2026-02-25; registry 2026-08-04; journal 2026 683626
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for FJORD DEFENCE GROUP ASA. Revenue -730.0k NOK → 4.86m NOK (+766.2%). Net result -10.72m NOK → -43.01m NOK. Equity 27.23m NOK → 701.9k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for FJORD DEFENCE GROUP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from -730.0k NOK to 4.86m NOK (+766.2% YoY). Calculated
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↑
Cash rose
Bank deposits 753.0k NOK → 192.12m NOK (+25413.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -8.51m NOK → -72.84m NOK (op. margin 1165.5% → -1497.9%). Calculated
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↓
Net result weakened
Net result -10.72m NOK → -43.01m NOK (net margin 1468.9% → -884.5%). Calculated
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↓
Equity eroded
Book equity 27.23m NOK → 701.9k NOK (equity ratio 98.5% → 95.8%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 77.66m NOK → 1.13m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 1 081 NOK → 10.81m NOK (-0% → 222% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 21.14m NOK → 474.5k NOK. Reported fact