PANORO ENERGY ASA: årsregnskap 2025 vs 2024
Grew 75954% on revenue, weaker earnings, cash halved-plus
approved 2026-04-21; registry 2026-08-18; journal 2026 726694
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for PANORO ENERGY ASA. Revenue 285.1k NOK → 216.80m NOK (+75954.3%). Net result -5.96m NOK → -22.77m NOK. Equity 184.33m NOK → 123.38m NOK.
On the constructive side: revenue rose; payroll decreased. 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 PANORO ENERGY ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 285.1k NOK to 216.80m NOK (+75954.3% YoY). Calculated
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Payroll decreased
Salary cost 121.05m NOK → 106.17m NOK (42463% → 49% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -4.27m NOK → -7.18m NOK (op. margin -1499.0% → -3.3%). Calculated
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Net result weakened
Net result -5.96m NOK → -22.77m NOK (net margin -2092.6% → -10.5%). Calculated
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↓
Equity eroded
Book equity 184.33m NOK → 123.38m NOK (equity ratio 53669.7% → 42.9%). Calculated
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Cash fell
Bank deposits 44.95m NOK → 10.94m NOK (-75.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 10.65× → 0.27× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (44.95m NOK → 10.94m 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 534.27m NOK → 492.30m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 209.25m NOK → 276.54m NOK. Reported fact