PIONEER PROPERTY GROUP ASA: årsregnskap 2025 vs 2024
Slipped into loss, cash halved-plus
approved 2026-04-29; registry 2026-07-28; journal 2026 605425
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for PIONEER PROPERTY GROUP ASA. Revenue 15.46m NOK → 15.04m NOK (-2.7%). Net result +1.11m NOK → -16.17m NOK. Equity 906.63m NOK → 851.65m NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for PIONEER PROPERTY GROUP ASA.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.00× → 6.57×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 15.46m NOK to 15.04m NOK (-2.7% YoY). Calculated
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↓
Operating result weakened
Operating result -1.98m NOK → -2.92m NOK (op. margin -12.8% → -19.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 1.11m NOK profit to a loss of 16.17m NOK. Calculated
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↓
Equity eroded
Book equity 906.63m NOK → 851.65m NOK (equity ratio 25.7% → 70.6%). Calculated
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↓
Cash fell
Bank deposits 186.57m NOK → 17.86m NOK (-90.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (186.57m NOK → 17.86m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 1.18bn NOK → 1.13bn NOK. Reported fact