Org.nr 989 796 739 2023 → 2024 Year-over-year analysis

NORDIC MINING ASA: årsregnskap 2024 vs 2023

Shrank 79% on revenue, weaker earnings, fresh owner capital

approved 2025-05-27; registry 2025-08-11; journal 2025 689278

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for NORDIC MINING ASA. Revenue 44.37m NOK → 9.37m NOK (-78.9%). Net result +50.78m NOK → +6.91m NOK. Equity 2.04m NOK → 2.05bn NOK.

On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

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

Scorecard

Revenue
44.37m NOK 9.37m NOK
-78.9%
Operating result
+15.98m NOK -26.37m NOK
-265.0%
Net result
+50.78m NOK +6.91m NOK
-86.4%
Equity
2.04m NOK 2.05bn NOK
+100179.2%
Cash
112.82m NOK 92.87m NOK
-17.7%
Total assets
2.05bn NOK 2.06bn NOK
+0.6%

What improved

  • ↑

    Equity strengthened

    Book equity 2.04m NOK → 2.05bn NOK (equity ratio 0.1% → 99.5%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 1.59m NOK → 1.59bn NOK (+1.59bn NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 15.08m NOK → 11.13m NOK (34% → 119% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 44.37m NOK to 9.37m NOK (-78.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +15.98m NOK → -26.37m NOK (op. margin 36.0% → -281.6%). Calculated

  • ↓

    Net result weakened

    Net result +50.78m NOK → +6.91m NOK (net margin 114.4% → 73.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 112.82m NOK → 92.87m NOK (-17.7% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.93m NOK → 1.96bn NOK. Reported fact