B 
15.85
-0.31%
Close of 9 Nov 2026, in NOK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in NOK, from our data supplier.
Revenue
NOK 1.11bn
FY2016FY2025
Net income
NOK 15.3m
FY2016FY2025
Free cash flow
NOK 10.4m
FY2016FY2025
Shareholders' equity
NOK 698.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 1.11bn | NOK 1.17bn | NOK 1.14bn | NOK 931.7m | NOK 883.3m | NOK 838.9m | NOK 889.0m | NOK 791.3m | NOK 778.6m | NOK 765.5m |
| Research and development | — | — | — | — | — | — | — | — | NOK 4.6m | NOK 4.2m |
| Operating income | NOK 47.2m | NOK 105.7m | NOK 4.3m | −NOK 70.8m | NOK 43.3m | −NOK 110.5m | NOK 28.7m | NOK 23.3m | NOK 35.6m | NOK 18.4m |
| Net income | NOK 15.3m | NOK 45.2m | −NOK 78.3m | −NOK 124.8m | −NOK 24.1m | −NOK 165.5m | −NOK 61.6m | NOK 3.2m | NOK 12.6m | −NOK 60.8m |
| Diluted earnings per share | 0.14 | 0.42 | -0.73 | -1.16 | -0.22 | -11.92 | -4.43 | 0.23 | 0.91 | -4.38 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 1.46bn | NOK 1.46bn | NOK 1.41bn | NOK 1.47bn | NOK 1.43bn | NOK 1.53bn | NOK 1.64bn | NOK 1.62bn | NOK 1.64bn | NOK 1.56bn |
| Cash and short-term investments | — | NOK 204.0m | NOK 139.3m | NOK 77.9m | NOK 35.2m | NOK 47.9m | NOK 83.9m | NOK 54.5m | NOK 126.0m | NOK 92.6m |
| Total liabilities | NOK 677.9m | NOK 652.4m | NOK 723.8m | NOK 1.01bn | NOK 1.09bn | NOK 1.15bn | NOK 1.12bn | NOK 1.18bn | NOK 1.20bn | NOK 1.16bn |
| Debt | NOK 339.4m | NOK 368.3m | NOK 387.3m | NOK 605.8m | NOK 1.09bn | NOK 941.2m | NOK 933.0m | NOK 982.2m | NOK 967.8m | NOK 942.1m |
| Shareholders' equity | NOK 698.3m | NOK 728.8m | NOK 682.6m | NOK 453.2m | NOK 281.4m | NOK 319.7m | NOK 445.8m | NOK 374.4m | NOK 414.7m | NOK 372.0m |
| Shares outstanding | 108m | 108m | 108m | 108m | 108m | 14m | 14m | 14m | 14m | 14m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NOK 33.8m | NOK 149.3m | NOK 121.0m | −NOK 50.6m | −NOK 5.3m | −NOK 3.3m | NOK 10.5m | −NOK 52.4m | NOK 560,000 | −NOK 22.2m |
| Capital spending | −NOK 23.3m | −NOK 12.2m | −NOK 37.9m | −NOK 19.1m | −NOK 19.7m | −NOK 9.5m | −NOK 8.0m | −NOK 11.9m | −NOK 9.5m | −NOK 40.5m |
| Free cash flow | NOK 10.4m | NOK 137.1m | NOK 83.1m | −NOK 69.7m | −NOK 25.0m | −NOK 12.7m | NOK 2.5m | −NOK 64.3m | −NOK 8.9m | −NOK 62.7m |
| Dividends paid | −NOK 28.1m | — | — | — | — | — | −NOK 25,000 | −NOK 25,000 | −NOK 25,000 | −NOK 5.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 310.3m | NOK 201.5m | NOK 249.8m | NOK 316.2m | NOK 206.5m | NOK 250.1m | NOK 359.8m | NOK 336.7m |
| Operating income | NOK 42.4m | −NOK 14.2m | NOK 2.8m | NOK 8.0m | −NOK 11.0m | NOK 16.1m | NOK 52.2m | NOK 36.6m |
| Net income | NOK 21.0m | −NOK 23.8m | −NOK 12.5m | −NOK 1.6m | −NOK 17.6m | NOK 2.9m | NOK 23.3m | NOK 21.8m |
| Diluted earnings per share | 0.20 | -0.22 | -0.12 | -0.01 | -0.16 | 0.03 | 0.22 | 0.20 |
| Cash from operations | −NOK 16.0m | NOK 11.0m | NOK 97.0m | −NOK 92.0m | −NOK 29.0m | NOK 149.0m | NOK 22.0m | −NOK 50.0m |
| Capital spending | −NOK 8.0m | −NOK 7.0m | −NOK 10.0m | −NOK 9.0m | −NOK 5.0m | −NOK 12.0m | −NOK 7.0m | — |
| Free cash flow | −NOK 24.0m | NOK 4.0m | NOK 87.0m | −NOK 101.0m | −NOK 34.0m | NOK 137.0m | NOK 15.0m | — |
| Total assets | NOK 1.48bn | NOK 1.38bn | NOK 1.47bn | NOK 1.52bn | NOK 1.45bn | NOK 1.46bn | NOK 1.53bn | NOK 1.48bn |
| Cash and short-term investments | — | — | — | NOK 117.0m | NOK 175.2m | NOK 220.5m | NOK 132.3m | — |
| Debt | NOK 321.6m | NOK 323.5m | NOK 339.4m | NOK 436.2m | NOK 359.7m | NOK 368.3m | NOK 403.4m | NOK 333.5m |
| Shareholders' equity | NOK 673.1m | NOK 643.0m | NOK 715.1m | NOK 689.6m | NOK 702.3m | NOK 728.8m | NOK 727.0m | NOK 694.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.9% | 5.7% | 4.2% |
| Operating income | — | — | 5.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.7% | 2.0% | 0.3% | 1.5% |
| Net margin | 2.7% | -3.3% | -5.5% | -4.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 139.9 | 48.1 | -18.6 | -13.0 | -156.4 | -4.9 | -16.9 | 141.7 | 72.0 | -16.3 |
| Price to sales | 1.9 | 1.9 | 1.3 | 1.7 | 4.3 | 1.0 | 1.2 | 0.6 | 1.2 | 1.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 2 Mar 2026.
| FY2026 | FY2025 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.80 | 40.461 | 40.461 | 120.00 | 89.014 | 41.27 | 25.086 |
- 40-to-1 reverse split · 11 Jun 2024
- 1-to-1 reverse split · 18 Jun 2003
- 1.1-for-1 split · 20 May 1994
- 3-for-1 split · 2 May 1990
- 3-for-1 split · 31 May 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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