L 
25.44
+1.27%
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 7.08bn
FY2016FY2025
Net income
NOK 84.6m
FY2016FY2025
Free cash flow
NOK 494.4m
FY2016FY2025
Shareholders' equity
NOK 5.75bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 7.08bn | NOK 6.99bn | NOK 6.28bn | NOK 4.91bn | NOK 4.41bn | NOK 3.54bn | NOK 2.93bn | NOK 563.6m | NOK 1.29bn | NOK 621.6m |
| Research and development | — | NOK 147.6m | NOK 153.0m | NOK 140.0m | NOK 118.5m | NOK 108.6m | NOK 110.2m | — | — | — |
| Operating income | NOK 317.8m | NOK 264.5m | NOK 232.9m | NOK 94.5m | NOK 79.8m | NOK 22.2m | −NOK 37.0m | −NOK 181.4m | NOK 45.2m | NOK 13.2m |
| Net income | NOK 84.6m | NOK 255.5m | NOK 67.3m | −NOK 151.1m | −NOK 77.6m | −NOK 328.0m | −NOK 233.0m | −NOK 278.7m | −NOK 5.4m | NOK 4.7m |
| Diluted earnings per share | 0.29 | 0.84 | 0.23 | -0.51 | -0.26 | -1.21 | -0.87 | -195.51 | -0.89 | 0.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 10.97bn | NOK 10.72bn | NOK 11.68bn | NOK 10.99bn | NOK 10.54bn | NOK 7.70bn | NOK 6.07bn | NOK 5.46bn | NOK 2.25bn | NOK 1.12bn |
| Cash and short-term investments | NOK 1.03bn | NOK 2.48bn | NOK 1.10bn | NOK 826.9m | NOK 843.6m | NOK 940.0m | NOK 132.8m | NOK 162.8m | NOK 336.1m | NOK 184.4m |
| Total liabilities | NOK 5.22bn | NOK 5.34bn | NOK 6.17bn | NOK 5.77bn | NOK 5.45bn | NOK 3.40bn | NOK 3.73bn | NOK 2.91bn | NOK 1.52bn | NOK 558.4m |
| Debt | NOK 2.65bn | NOK 3.51bn | NOK 4.06bn | NOK 3.89bn | NOK 3.78bn | NOK 2.15bn | NOK 2.56bn | NOK 2.11bn | NOK 983.7m | NOK 298.9m |
| Shareholders' equity | NOK 5.75bn | NOK 5.38bn | NOK 5.51bn | NOK 5.23bn | NOK 5.09bn | NOK 4.30bn | NOK 2.34bn | NOK 2.56bn | NOK 724.8m | NOK 565.3m |
| Shares outstanding | 292m | 305m | 297m | 295m | 294m | 271m | 267m | 1m | 6m | 292m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NOK 700.7m | NOK 622.2m | NOK 723.2m | NOK 420.7m | NOK 355.9m | NOK 363.8m | NOK 225.5m | −NOK 20.9m | NOK 120.3m | NOK 52.2m |
| Capital spending | −NOK 206.3m | −NOK 9.1m | −NOK 116.1m | −NOK 180.3m | −NOK 140.0m | −NOK 115.1m | −NOK 130.8m | −NOK 29.7m | −NOK 54.0m | −NOK 28.5m |
| Free cash flow | NOK 494.4m | NOK 613.1m | NOK 607.1m | NOK 240.4m | NOK 216.0m | NOK 248.8m | NOK 94.7m | −NOK 50.6m | NOK 66.3m | NOK 23.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 2.05bn | NOK 2.00bn | NOK 1.98bn | NOK 1.69bn | NOK 1.76bn | NOK 1.65bn | NOK 1.85bn | NOK 1.66bn |
| Operating income | NOK 141.5m | NOK 142.0m | NOK 79.2m | NOK 96.7m | NOK 68.3m | NOK 94.5m | NOK 79.8m | NOK 43.3m |
| Net income | NOK 103.7m | NOK 84.7m | NOK 30.8m | NOK 17.1m | −NOK 2.5m | NOK 39.3m | −NOK 80.2m | NOK 20.7m |
| Diluted earnings per share | 0.36 | 0.29 | 0.11 | 0.06 | -0.01 | 0.13 | -0.26 | 0.07 |
| Cash from operations | NOK 191.0m | NOK 109.0m | NOK 700.0m | NOK 164.0m | NOK 136.0m | NOK 133.0m | NOK 166.0m | NOK 200.0m |
| Capital spending | −NOK 45.0m | −NOK 47.0m | −NOK 206.0m | — | −NOK 54.0m | −NOK 46.0m | −NOK 40.0m | −NOK 42.0m |
| Free cash flow | NOK 146.0m | NOK 62.0m | NOK 494.0m | — | NOK 82.0m | NOK 87.0m | NOK 126.0m | NOK 158.0m |
| Total assets | NOK 10.39bn | NOK 10.15bn | NOK 10.97bn | NOK 9.81bn | NOK 10.00bn | NOK 10.45bn | NOK 10.72bn | NOK 11.68bn |
| Cash and short-term investments | — | — | NOK 1.03bn | NOK 1.85bn | NOK 1.79bn | NOK 2.45bn | NOK 2.48bn | NOK 2.49bn |
| Debt | NOK 2.75bn | NOK 2.50bn | NOK 2.65bn | NOK 2.65bn | NOK 2.67bn | NOK 3.41bn | NOK 3.51bn | NOK 4.40bn |
| Shareholders' equity | NOK 5.36bn | NOK 5.39bn | NOK 5.75bn | NOK 5.49bn | NOK 5.49bn | NOK 5.34bn | NOK 5.38bn | NOK 5.52bn |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 4.0% | 4.1% | 3.7% | 1.9% | 1.8% | -2.2% | — |
| Net margin | 1.2% | 3.7% | 1.1% | -3.1% | -1.8% | -9.3% | — |
| Return on equity | 1.5% | 4.8% | 1.2% | -2.9% | -1.5% | -7.6% | — |
| Return on assets | 0.8% | 2.4% | 0.6% | -1.4% | -0.7% | -4.3% | — |
| Free cash flow yield | 12.9% | 8.6% | 11.7% | 8.4% | 7.0% | 7.3% | — |
| Revenue growth | 1.3% | 11.3% | 27.8% | 11.4% | 24.6% | 20.7% | — |
| Earnings growth | -66.9% | 279.7% | -144.5% | 94.8% | -76.4% | 40.8% | — |
| Current ratio | 1.27x | 1.14x | 2.88x | 1.53x | 1.54x | 1.75x | — |
| Debt to equity | 0.46x | 0.65x | 0.73x | 0.74x | 0.73x | 0.49x | — |
| Equity ratio | 52.4% | 50.2% | 47.2% | 47.5% | 48.3% | 55.9% | — |
| Interest coverage | 2.66x | 4.45x | 1.59x | 0.64x | 0.63x | -0.24x | — |
| R&D as a share of sales | — | 2.1% | 2.4% | 2.8% | 2.7% | 3.1% | 3.8% |
| Buybacks as a share of market value | 4.4% | -2.8% | -0.5% | -0.4% | -8.6% | -1.3% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 13.0% | 14.9% | 34.7% |
| Operating income | 49.8% | 70.3% | 26.0% |
| Net income | — | — | 15.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.1% | 3.6% | 3.0% | 2.3% |
| Net margin | 2.4% | 1.0% | -0.4% | -1.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | 116.8 | 27.5 | 80.1 | -14.7 | -73.1 | -38.4 |
| Price to sales | 1.4 | 1.0 | 0.9 | 0.5 | 1.3 | 3.6 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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