NORWEGIAN AIR SHUTTLE ASA: årsregnskap 2025 vs 2024
Grew 93462% on revenue, weaker earnings, cash halved-plus
approved 2026-05-06; registry 2026-08-04; journal 2026 661612
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for NORWEGIAN AIR SHUTTLE ASA. Revenue 932.0k NOK → 872.00m NOK (+93462.2%). Net result +1.35bn NOK → +551.00m NOK. Equity 12.13bn NOK → 10.84bn NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for NORWEGIAN AIR SHUTTLE ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 932.0k NOK to 872.00m NOK (+93462.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.31bn NOK → -392.00m NOK (op. margin 140772.5% → -45.0%). Calculated
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↓
Net result weakened
Net result +1.35bn NOK → +551.00m NOK (net margin 145386.3% → 63.2%). Calculated
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↓
Equity eroded
Book equity 12.13bn NOK → 10.84bn NOK (equity ratio 43.9% → 37.3%). Calculated
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↓
Cash fell
Bank deposits 9.48bn NOK → 17.00m NOK (-99.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (9.48bn NOK → 17.00m 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 26.60bn NOK → 26.44bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 7.19bn NOK → 7.62bn NOK. Reported fact