NORSE ATLANTIC ASA: årsregnskap 2025 vs 2024
Stronger earnings, cash halved-plus, fresh owner capital
approved 2026-07-12; registry 2026-08-04; journal 2026 675481
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for NORSE ATLANTIC ASA. Revenue 31.55m NOK → 30.96m NOK (-1.9%). Net result -67.83m NOK → -10.61m NOK. Equity 3.13m NOK → 5.02m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for NORSE ATLANTIC ASA.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -64.83m NOK → -5.78m NOK (op. margin -205.5% → -18.7%). Calculated
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Net result improved
Net result -67.83m NOK → -10.61m NOK (net margin -215.0% → -34.3%). Calculated
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Equity strengthened
Book equity 3.13m NOK → 5.02m NOK (equity ratio 0.3% → 0.6%). Calculated
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Owners injected capital
Paid-in equity rose 275.6k NOK → 19.77m NOK (+19.50m NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 31.55m NOK to 30.96m NOK (-1.9% YoY). Calculated
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Cash fell
Bank deposits 13.57m NOK → 290.0k NOK (-97.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (13.57m NOK → 290.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 14.0k NOK → 510.0k NOK. Reported fact