SATS ASA: årsregnskap 2025 vs 2024
Grew 9% on revenue, weaker earnings
approved 2026-05-05; registry 2026-06-10; journal 2026 430663
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for SATS ASA. Revenue 5.06bn NOK → 5.51bn NOK (+8.8%). Net result +76.00m NOK → +13.00m NOK. Equity 2.83bn NOK → 2.50bn NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for SATS ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.06bn NOK to 5.51bn NOK (+8.8% YoY). Calculated
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Operating result improved
Operating result -13.00m NOK → -12.00m NOK (op. margin -0.3% → -0.2%). Calculated
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Cash rose
Bank deposits 153.0k NOK → 269.0k NOK (+75.8% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +76.00m NOK → +13.00m NOK (net margin 1.5% → 0.2%). Calculated
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↓
Equity eroded
Book equity 2.83bn NOK → 2.50bn NOK (equity ratio 59.8% → 52.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 598.13× → 0.37× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 3.48bn NOK → 3.36bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 1.86bn NOK → 2.06bn NOK (37% → 37% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 4.48bn NOK → 4.51bn NOK. Reported fact