Org.nr 976 695 372 2024 → 2025 Year-over-year analysis

TGS ASA: årsregnskap 2025 vs 2024

Grew 90249% on revenue, slipped into loss, fresh owner capital

approved 2026-03-18; registry 2026-07-30; journal 2026 614036

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2025 with 2024 for TGS ASA. Revenue 192.6k NOK → 174.00m NOK (+90249.2%). Net result +27.89m NOK → -30.00m NOK. Equity 942.4k NOK → 797.00m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; fell into a net loss.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for TGS ASA.

Scorecard

Revenue
192.6k NOK 174.00m NOK
+90249.2%
Operating result
+55.08m NOK +19.00m NOK
-65.5%
Net result
+27.89m NOK -30.00m NOK
-207.5%
Equity
942.4k NOK 797.00m NOK
+84470.5%
Cash
1.42m NOK 39.00m NOK
+2638.8%
Total assets
2.57bn NOK 2.84bn NOK
+10.5%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 192.6k NOK to 174.00m NOK (+90249.2% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 942.4k NOK → 797.00m NOK (equity ratio 0.0% → 28.1%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.42m NOK → 39.00m NOK (+2638.8% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 877.9k NOK → 756.00m NOK (+755.12m NOK). Reported fact

  • ↑

    Payroll decreased

    Salary cost 9.87m NOK → 8.00m NOK (5126% → 5% of revenue). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +55.08m NOK → +19.00m NOK (op. margin 28601.2% → 10.9%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 27.89m NOK profit to a loss of 30.00m NOK. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 93.0k NOK → 0 NOK (-100.0% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 1.52m NOK → 1.51bn NOK. Reported fact