REACH SUBSEA ASA: årsregnskap 2024 vs 2023
Grew 25% on revenue, weaker earnings, cash halved-plus
approved 2025-04-05; registry 2025-08-05; journal 2025 626011
Summary
What changed
Comparing Årsregnskap 2024 with 2023 for REACH SUBSEA ASA. Revenue 21.16m NOK → 26.44m NOK (+25.0%). Net result +225.79m NOK → +14.94m NOK. Equity 671.1k NOK → 589.80m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for REACH SUBSEA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 21.16m NOK to 26.44m NOK (+25.0% YoY). Calculated
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↑
Equity strengthened
Book equity 671.1k NOK → 589.80m NOK (equity ratio 59.4% → 66.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.84×. Calculated
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Owners injected capital
Paid-in equity rose 671.1k NOK → 589.80m NOK (+589.13m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -6.14m NOK → -9.16m NOK (op. margin -29.0% → -34.7%). Calculated
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↓
Net result weakened
Net result +225.79m NOK → +14.94m NOK (net margin 1067.2% → 56.5%). Calculated
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↓
Cash fell
Bank deposits 352.94m NOK → 169.53m NOK (-52.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 341.33m NOK → 343.3k NOK. Reported fact