I 
5.72
+1.78%
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 844.3m
FY2016FY2025
Net income
NOK 23.0m
FY2016FY2025
Free cash flow
NOK 49.3m
FY2016FY2025
Shareholders' equity
NOK 45.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 844.3m | NOK 849.1m | NOK 871.6m | NOK 735.8m | NOK 593.0m | NOK 615.4m | NOK 560.3m | NOK 531.3m | NOK 475.0m | NOK 424.8m |
| Research and development | — | NOK 10.9m | NOK 10.6m | NOK 10.7m | NOK 7.2m | — | — | — | — | — |
| Operating income | NOK 36.8m | NOK 48.0m | NOK 78.4m | NOK 77.2m | NOK 77.0m | NOK 62.6m | NOK 56.2m | NOK 42.8m | NOK 39.3m | NOK 35.8m |
| Net income | NOK 23.0m | NOK 34.9m | NOK 56.7m | NOK 51.0m | NOK 44.1m | NOK 48.6m | NOK 41.6m | NOK 31.7m | NOK 29.6m | NOK 25.3m |
| Diluted earnings per share | 0.28 | 0.43 | 0.70 | 0.63 | 0.55 | 0.60 | 0.51 | 0.39 | 0.36 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 271.1m | NOK 278.4m | NOK 298.2m | NOK 233.8m | NOK 221.1m | NOK 224.4m | NOK 241.2m | NOK 194.9m | NOK 197.5m | NOK 209.1m |
| Cash and short-term investments | NOK 58.4m | NOK 52.6m | NOK 49.2m | NOK 41.9m | NOK 37.5m | NOK 44.1m | NOK 53.1m | NOK 55.3m | NOK 59.9m | NOK 63.5m |
| Total liabilities | NOK 225.4m | NOK 231.8m | NOK 250.3m | NOK 184.3m | NOK 181.6m | NOK 190.1m | NOK 194.9m | NOK 147.4m | NOK 146.8m | NOK 154.8m |
| Debt | NOK 42.8m | NOK 68.0m | NOK 82.2m | NOK 29.6m | NOK 35.2m | NOK 42.6m | NOK 42.1m | NOK 8.9m | NOK 13.8m | NOK 20.3m |
| Shareholders' equity | NOK 45.7m | NOK 46.7m | NOK 47.9m | NOK 49.4m | NOK 39.5m | NOK 34.3m | NOK 46.4m | NOK 47.4m | NOK 50.6m | NOK 54.3m |
| Shares outstanding | 82m | 81m | 81m | 81m | 81m | 81m | 81m | 82m | 82m | 82m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NOK 63.2m | NOK 73.7m | NOK 93.4m | NOK 89.3m | NOK 86.8m | NOK 99.2m | NOK 80.0m | NOK 56.8m | NOK 49.7m | NOK 48.4m |
| Capital spending | −NOK 13.9m | −NOK 10.4m | −NOK 19.8m | −NOK 16.3m | −NOK 32.6m | −NOK 17.0m | −NOK 18.8m | −NOK 20.7m | −NOK 19.5m | −NOK 11.5m |
| Free cash flow | NOK 49.3m | NOK 63.3m | NOK 73.6m | NOK 73.0m | NOK 54.2m | NOK 82.2m | NOK 61.2m | NOK 36.1m | NOK 30.2m | NOK 36.9m |
| Dividends paid | −NOK 24.6m | −NOK 48.7m | −NOK 56.9m | −NOK 40.5m | −NOK 27.9m | −NOK 48.0m | −NOK 44.7m | −NOK 20.5m | −NOK 35.1m | −NOK 21.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 210.2m | NOK 222.9m | NOK 213.4m | NOK 196.3m | NOK 202.9m | NOK 231.6m | NOK 212.2m | NOK 184.2m |
| Operating income | NOK 5.7m | NOK 16.7m | NOK 3.8m | NOK 7.6m | NOK 4.4m | NOK 21.0m | NOK 8.7m | NOK 147,000 |
| Net income | NOK 2.7m | NOK 12.7m | NOK 3.2m | NOK 3.6m | NOK 1.7m | NOK 14.5m | NOK 5.7m | −NOK 877,000 |
| Diluted earnings per share | 0.03 | 0.16 | 0.04 | 0.04 | 0.02 | 0.18 | 0.07 | -0.01 |
| Cash from operations | NOK 18.0m | −NOK 25.0m | NOK 63.0m | −NOK 7.0m | NOK 20.0m | −NOK 4.0m | NOK 47.0m | NOK 6.0m |
| Capital spending | −NOK 2.0m | −NOK 3.0m | −NOK 13.0m | −NOK 1.0m | −NOK 2.0m | −NOK 2.0m | −NOK 3.0m | −NOK 2.0m |
| Free cash flow | NOK 16.0m | −NOK 28.0m | NOK 50.0m | −NOK 8.0m | NOK 18.0m | −NOK 6.0m | NOK 44.0m | NOK 4.0m |
| Total assets | NOK 237.6m | NOK 258.9m | NOK 271.1m | NOK 252.1m | NOK 263.9m | NOK 299.3m | NOK 278.4m | NOK 275.4m |
| Cash and short-term investments | — | — | NOK 58.4m | NOK 20.9m | NOK 35.8m | NOK 39.1m | NOK 52.6m | NOK 29.8m |
| Debt | NOK 1.3m | NOK 1.5m | NOK 42.8m | NOK 56.1m | NOK 60.2m | NOK 64.2m | NOK 68.1m | NOK 71.8m |
| Shareholders' equity | NOK 39.2m | NOK 51.7m | NOK 45.7m | NOK 50.5m | NOK 46.7m | NOK 59.8m | NOK 46.7m | NOK 51.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.7% | 6.5% | 6.8% |
| Operating income | -21.9% | -10.1% | 6.2% |
| Net income | -23.3% | -13.9% | 5.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.0% | 7.3% | 8.4% | 8.3% |
| Net margin | 3.4% | 5.0% | 5.7% | 5.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 30.5 | 20.8 | 17.2 | 21.0 | 28.0 | 25.0 | 22.5 | 21.7 | 19.7 | 16.8 |
| Price to sales | 0.8 | 0.9 | 1.1 | 1.4 | 2.1 | 2.0 | 1.7 | 1.3 | 1.2 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 28 Oct 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.50 | 0.60 | 0.70 | 0.50 | 0.35 | 0.60 | 0.55 | 0.25 |
- 7-for-1 split · 17 Mar 2000
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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