NORGESGRUPPEN ASA: årsregnskap 2025 vs 2024
Grew 14% on revenue, cash halved-plus
registry 2026-08-04; journal 2026 640361
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for NORGESGRUPPEN ASA. Revenue 589.7k NOK → 674.3k NOK (+14.3%). Net result +1.73bn NOK → +1.96bn NOK. Equity 12.89bn NOK → 13.42bn NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for NORGESGRUPPEN ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 589.7k NOK to 674.3k NOK (+14.3% YoY). Calculated
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Operating result improved
Operating result -230.44m NOK → -202.97m NOK (op. margin -39076.5% → -30102.7%). Calculated
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Net result improved
Net result +1.73bn NOK → +1.96bn NOK (net margin 293182.3% → 290977.9%). Calculated
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Equity strengthened
Book equity 12.89bn NOK → 13.42bn NOK (equity ratio 40.3% → 41.8%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 251.57m NOK → 29.44m NOK (-88.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (251.57m NOK → 29.44m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 1.82bn NOK → 1.82bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 3.34m NOK → 3.35m NOK (567% → 497% of revenue). Calculated
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COGS moved
COGS / varekostnad 87.07bn NOK → 92.22bn NOK (+5.9% YoY). Calculated