Org.nr 984 648 820 2024 → 2025 Year-over-year analysis

NORDA ASA: årsregnskap 2025 vs 2024

Shrank 54% on revenue

approved 2026-05-06; registry 2026-07-01; journal 2026 522250

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for NORDA ASA. Revenue 371.86m NOK → 169.61m NOK (-54.4%). Net result +125.95m NOK → +149.91m NOK. Equity 6.30bn NOK → 7.32bn NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

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

Scorecard

Revenue
371.86m NOK 169.61m NOK
-54.4%
Operating result
+161.55m NOK +167.66m NOK
+3.8%
Net result
+125.95m NOK +149.91m NOK
+19.0%
Equity
6.30bn NOK 7.32bn NOK
+16.1%
Cash
759.8k NOK 520.8k NOK
-31.5%
Total assets
929.58m NOK 954.62m NOK
+2.7%

What improved

  • ↑

    Operating result improved

    Operating result +161.55m NOK → +167.66m NOK (op. margin 43.4% → 98.9%). Calculated

  • ↑

    Net result improved

    Net result +125.95m NOK → +149.91m NOK (net margin 33.9% → 88.4%). Calculated

  • ↑

    Equity strengthened

    Book equity 6.30bn NOK → 7.32bn NOK (equity ratio 677.9% → 766.6%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 371.86m NOK to 169.61m NOK (-54.4% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 759.8k NOK → 520.8k NOK (-31.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.08m NOK → 5.72m NOK (0% → 3% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 8.12bn NOK → 9.11bn NOK. Reported fact