E 
17.20
-0.86%
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 785.1m
FY2016FY2025
Net income
NOK 68.2m
FY2016FY2025
Free cash flow
—
FY2016FY2025
Shareholders' equity
NOK 1.61bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 785.1m | NOK 759.4m | NOK 699.5m | NOK 634.7m | NOK 569.5m | NOK 510.4m | NOK 632.9m | NOK 478.7m | NOK 599.3m | NOK 748.8m |
| Research and development | — | — | — | — | — | — | — | — | — | NOK 29,000 |
| Operating income | NOK 102.1m | NOK 124.3m | NOK 577.2m | NOK 551.4m | NOK 78.4m | −NOK 202.4m | −NOK 542.5m | −NOK 148.7m | NOK 139.3m | −NOK 336.3m |
| Net income | NOK 68.2m | NOK 82.7m | NOK 514.7m | NOK 346.1m | NOK 30.7m | −NOK 132.4m | −NOK 690.3m | −NOK 283.2m | NOK 155.4m | −NOK 553.0m |
| Diluted earnings per share | 0.93 | 1.12 | 7.05 | 5.57 | 0.49 | -2.13 | -11.11 | -4.56 | 2.50 | -14.50 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 3.68bn | NOK 2.94bn | NOK 2.72bn | NOK 2.34bn | NOK 2.75bn | NOK 3.10bn | NOK 3.36bn | NOK 4.10bn | NOK 4.30bn | NOK 5.07bn |
| Cash and short-term investments | NOK 340.5m | NOK 324.4m | NOK 498.9m | NOK 655.7m | NOK 303.1m | NOK 617.8m | NOK 354.7m | NOK 463.8m | NOK 551.8m | NOK 543.8m |
| Total liabilities | NOK 2.07bn | NOK 1.37bn | NOK 1.10bn | NOK 1.41bn | NOK 2.23bn | NOK 2.62bn | NOK 2.63bn | NOK 2.68bn | NOK 2.76bn | NOK 3.61bn |
| Debt | NOK 1.18bn | NOK 761.4m | NOK 879.5m | NOK 1.09bn | NOK 1.19bn | NOK 2.42bn | NOK 2.51bn | NOK 2.52bn | NOK 2.61bn | NOK 3.46bn |
| Shareholders' equity | NOK 1.61bn | NOK 1.57bn | NOK 1.50bn | NOK 864.8m | NOK 518.5m | NOK 581.7m | NOK 821.8m | NOK 1.43bn | NOK 1.51bn | NOK 1.42bn |
| Shares outstanding | 74m | 74m | 73m | 62m | 62m | 62m | 62m | 62m | 62m | 38m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | — | NOK 371.7m | NOK 186.7m | NOK 346.1m | NOK 71.1m | NOK 247.5m | NOK 60.8m | −NOK 15.6m | NOK 252.7m | NOK 346.1m |
| Capital spending | −NOK 921.9m | −NOK 580.1m | −NOK 388.6m | −NOK 103.4m | −NOK 93.1m | −NOK 144.9m | −NOK 95.7m | −NOK 60.1m | −NOK 98.5m | −NOK 73.2m |
| Free cash flow | — | −NOK 208.4m | −NOK 201.9m | NOK 242.6m | −NOK 22.0m | NOK 102.6m | −NOK 34.9m | −NOK 75.7m | NOK 154.2m | NOK 272.9m |
| Dividends paid | −NOK 21.9m | −NOK 18.2m | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 204.5m | NOK 185.2m | NOK 183.2m | NOK 204.6m | NOK 198.5m | NOK 198.8m | NOK 186.8m | NOK 207.1m |
| Operating income | NOK 25.3m | NOK 10.3m | NOK 9.4m | NOK 41.0m | NOK 29.1m | NOK 22.5m | NOK 10.7m | NOK 48.6m |
| Net income | NOK 13.5m | NOK 8.0m | NOK 3.6m | NOK 31.3m | NOK 19.0m | NOK 14.4m | NOK 18.1m | NOK 29.5m |
| Diluted earnings per share | 0.18 | 0.11 | 0.05 | 0.42 | 0.26 | 0.20 | 0.25 | 0.40 |
| Cash from operations | — | — | NOK 300.0m | NOK 197.0m | NOK 114.0m | NOK 41.0m | NOK 103.0m | NOK 68.0m |
| Capital spending | −NOK 30.0m | −NOK 37.0m | −NOK 921.0m | −NOK 271.0m | −NOK 233.0m | −NOK 221.0m | −NOK 254.0m | −NOK 35.0m |
| Free cash flow | — | — | −NOK 621.0m | −NOK 74.0m | −NOK 119.0m | −NOK 180.0m | −NOK 151.0m | NOK 33.0m |
| Total assets | NOK 3.67bn | NOK 3.70bn | NOK 3.68bn | NOK 2.99bn | NOK 3.02bn | NOK 3.02bn | NOK 2.94bn | NOK 2.78bn |
| Cash and short-term investments | — | — | NOK 340.5m | NOK 290.5m | NOK 305.2m | NOK 285.0m | NOK 395.8m | NOK 427.9m |
| Debt | NOK 1.08bn | NOK 1.07bn | NOK 1.18bn | NOK 672.3m | NOK 700.1m | NOK 725.0m | NOK 761.4m | NOK 790.2m |
| Shareholders' equity | NOK 1.62bn | NOK 1.62bn | NOK 1.61bn | NOK 1.61bn | NOK 1.60bn | NOK 1.58bn | NOK 1.57bn | NOK 1.55bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.3% | 9.0% | -3.5% |
| Operating income | -43.0% | — | -8.0% |
| Net income | -41.8% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 14.7% | 47.1% | 31.1% | 7.7% |
| Net margin | 9.8% | 35.1% | 23.0% | -8.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.7 | 11.9 | 2.0 | 1.6 | 8.3 | -1.4 | -0.5 | -1.0 | 3.2 | -0.4 |
| Price to sales | 1.2 | 1.3 | 1.4 | 0.9 | 0.5 | 0.4 | 0.5 | 0.6 | 0.8 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 28 Aug 2025.
| FY2025 | FY2024 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.30 | 0.25 | 0.931 | 0.931 | 0.931 | 0.931 | 0.465 | 0.465 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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