Org.nr 915 419 062 2023 → 2024 Year-over-year analysis

OKEA ASA: årsregnskap 2024 vs 2023

Grew 27% on revenue, returned to profit

approved 2025-03-27; registry 2025-07-03; journal 2025 596337

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2024 with 2023 for OKEA ASA. Revenue 8.88bn NOK → 11.25bn NOK (+26.6%). Net result -935.4k NOK → +383.29m NOK. Equity 725.64m NOK → 1.11m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.

Also worth watching: thin equity buffer; headcount (årsverk) changed. All figures are taken from the published annual accounts for OKEA ASA.

Scorecard

Revenue
8.88bn NOK 11.25bn NOK
+26.6%
Operating result
+1.32bn NOK +4.96bn NOK
+277.1%
Net result
-935.4k NOK +383.29m NOK
+41077.5%
Equity
725.64m NOK 1.11m NOK
-99.8%
Cash
2.30bn NOK 3.28bn NOK
+42.5%
Total assets
18.50bn NOK 19.79bn NOK
+7.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 8.88bn NOK to 11.25bn NOK (+26.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +1.32bn NOK → +4.96bn NOK (op. margin 14.8% → 44.1%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 935.4k NOK to a profit of 383.29m NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 2.30bn NOK → 3.28bn NOK (+42.5% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.82× → 1.31×. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 725.64m NOK → 1.11m NOK (equity ratio 3.9% → 0.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Headcount (årsverk) changed

    Reported FTEs 433 → 468. Reported fact