HAV GROUP ASA: årsregnskap 2025 vs 2024
Grew 15% on revenue, stronger earnings, cash halved-plus
approved 2026-05-27; registry 2026-06-25; journal 2026 511745
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for HAV GROUP ASA. Revenue 30.99m NOK → 35.57m NOK (+14.8%). Net result +11.00m NOK → +40.21m NOK. Equity 294.9k NOK → 335.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for HAV GROUP ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 30.99m NOK to 35.57m NOK (+14.8% YoY). Calculated
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Operating result improved
Operating result -20.76m NOK → -16.15m NOK (op. margin -67.0% → -45.4%). Calculated
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Net result improved
Net result +11.00m NOK → +40.21m NOK (net margin 35.5% → 113.0%). Calculated
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Equity strengthened
Book equity 294.9k NOK → 335.1k NOK (equity ratio 49.2% → 55.9%). Calculated
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Current ratio back above 1×
Current ratio 0.00× → 1.06×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 237.65m NOK → 11.17m NOK (-95.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (237.65m NOK → 11.17m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 313.5k NOK → 354.0k NOK. Reported fact