NOFENCE AS: årsregnskap 2024 vs 2023
Grew 51% on revenue, weaker earnings
approved 2025-06-26; registry 2025-08-12; journal 2025 737892
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for NOFENCE AS. Revenue 120.19m NOK → 181.34m NOK (+50.9%). Net result -56.63m NOK → -84.73m NOK. Equity 175.31m NOK → 130.16m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NOFENCE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 120.19m NOK to 181.34m NOK (+50.9% YoY). Calculated
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↑
Operating result improved
Operating result -81.78m NOK → -39.93m NOK (op. margin -68.0% → -22.0%). Calculated
What deteriorated
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↓
Net result weakened
Net result -56.63m NOK → -84.73m NOK (net margin -47.1% → -46.7%). Calculated
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↓
Equity eroded
Book equity 175.31m NOK → 130.16m NOK (equity ratio 70.2% → 61.5%). Calculated
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↓
Cash fell
Bank deposits 38.72m NOK → 26.30m NOK (-32.1% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 314.18m NOK → 130.16m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 17.14m NOK → 13.57m NOK. Reported fact