Org.nr 912 305 198 2024 → 2025 Year-over-year analysis

HYDROGENPRO ASA: årsregnskap 2025 vs 2024

Shrank 50% on revenue, weaker earnings

approved 2026-06-03; registry 2026-07-07; journal 2026 540783

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for HYDROGENPRO ASA. Revenue 191.59m NOK → 95.21m NOK (-50.3%). Net result -146.92m NOK → -181.37m NOK. Equity 437.79m NOK → 397.25m NOK.

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

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

Scorecard

Revenue
191.59m NOK 95.21m NOK
-50.3%
Operating result
-175.43m NOK -133.63m NOK
+23.8%
Net result
-146.92m NOK -181.37m NOK
-23.4%
Equity
437.79m NOK 397.25m NOK
-9.3%
Cash
156.8k NOK 91.55m NOK
+58300.7%
Total assets
600.54m NOK 470.83m NOK
-21.6%

What improved

  • ↑

    Operating result improved

    Operating result -175.43m NOK → -133.63m NOK (op. margin -91.6% → -140.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 156.8k NOK → 91.55m NOK (+58300.7% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 819.9k NOK → 960.7k NOK (+140.8k NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 191.59m NOK to 95.21m NOK (-50.3% YoY). Calculated

  • ↓

    Net result weakened

    Net result -146.92m NOK → -181.37m NOK (net margin -76.7% → -190.5%). Calculated

  • ↓

    Equity eroded

    Book equity 437.79m NOK → 397.25m NOK (equity ratio 72.9% → 84.4%). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 250.6k NOK → 281.6k NOK. Reported fact