M 
319.00
+4.25%
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 699.8m
FY2016FY2025
Net income
NOK 159.2m
FY2016FY2025
Free cash flow
NOK 158.6m
FY2016FY2025
Shareholders' equity
NOK 468.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 699.8m | NOK 562.6m | NOK 526.4m | NOK 491.9m | NOK 417.8m | NOK 356.2m | NOK 356.9m | NOK 323.0m | NOK 296.1m | NOK 262.7m |
| Gross profit | NOK 571.6m | NOK 448.9m | NOK 414.1m | NOK 385.5m | NOK 320.7m | NOK 279.6m | NOK 276.8m | NOK 243.6m | NOK 223.3m | NOK 197.7m |
| Operating income | NOK 196.2m | NOK 131.1m | NOK 131.4m | NOK 141.3m | NOK 116.3m | NOK 95.5m | NOK 91.5m | NOK 75.0m | NOK 67.1m | NOK 56.4m |
| Net income | NOK 159.2m | NOK 103.8m | NOK 103.8m | NOK 114.0m | NOK 90.9m | NOK 69.4m | NOK 70.3m | NOK 57.1m | NOK 47.6m | NOK 39.1m |
| Diluted earnings per share | 8.71 | 5.67 | 5.68 | 6.24 | 2.24 | 3.81 | 3.86 | 3.13 | 2.61 | 2.15 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 660.6m | NOK 575.0m | NOK 505.7m | NOK 482.7m | NOK 403.2m | NOK 345.8m | NOK 336.1m | NOK 269.6m | NOK 251.1m | NOK 217.0m |
| Cash and short-term investments | — | NOK 171.3m | NOK 146.1m | NOK 144.2m | NOK 124.9m | NOK 65.8m | NOK 62.4m | NOK 43.5m | NOK 50.6m | NOK 28.2m |
| Total liabilities | NOK 192.2m | NOK 138.4m | NOK 107.8m | NOK 115.0m | NOK 97.2m | NOK 89.0m | NOK 99.2m | NOK 62.9m | NOK 68.1m | NOK 50.3m |
| Debt | — | NOK 34.4m | NOK 17.6m | NOK 17.1m | NOK 24.2m | NOK 39.1m | NOK 36.4m | NOK 10.5m | NOK 15.4m | NOK 5.6m |
| Shareholders' equity | NOK 468.4m | NOK 436.6m | NOK 397.9m | NOK 367.7m | NOK 306.1m | NOK 256.8m | NOK 236.9m | NOK 206.7m | NOK 183.0m | NOK 166.7m |
| Shares outstanding | 18m | 18m | 18m | 18m | 41m | 18m | 18m | 18m | 18m | 18m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NOK 191.6m | NOK 143.1m | NOK 113.2m | NOK 114.6m | NOK 128.1m | NOK 74.1m | NOK 80.4m | NOK 55.8m | NOK 60.1m | NOK 30.5m |
| Capital spending | −NOK 33.0m | −NOK 24.7m | −NOK 29.7m | −NOK 9.3m | −NOK 11.5m | −NOK 10.6m | −NOK 13.7m | −NOK 16.4m | −NOK 14.5m | −NOK 13.5m |
| Free cash flow | NOK 158.6m | NOK 118.4m | NOK 83.5m | NOK 105.3m | NOK 116.7m | NOK 63.5m | NOK 66.7m | NOK 39.4m | NOK 45.6m | NOK 17.0m |
| Dividends paid | −NOK 109.5m | −NOK 82.4m | −NOK 82.2m | −NOK 68.4m | −NOK 54.6m | −NOK 50.1m | −NOK 40.9m | −NOK 36.4m | −NOK 31.8m | −NOK 29.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 202.0m | NOK 201.7m | NOK 182.3m | NOK 166.8m | NOK 169.1m | NOK 181.5m | NOK 151.1m | NOK 132.8m |
| Gross profit | NOK 166.1m | NOK 160.4m | NOK 146.2m | NOK 136.0m | NOK 138.4m | NOK 151.0m | NOK 117.6m | NOK 106.6m |
| Operating income | NOK 65.3m | NOK 57.1m | NOK 48.9m | NOK 40.6m | NOK 54.1m | NOK 59.2m | NOK 25.8m | NOK 31.9m |
| Net income | NOK 52.2m | NOK 40.3m | NOK 38.1m | NOK 34.7m | NOK 43.0m | NOK 43.4m | NOK 21.3m | NOK 23.4m |
| Diluted earnings per share | 2.86 | 2.20 | 2.08 | 1.90 | 2.35 | 2.38 | 1.16 | 1.28 |
| Cash from operations | NOK 47.0m | NOK 7.0m | NOK 191.0m | NOK 125.0m | NOK 56.0m | NOK 18.0m | NOK 143.0m | NOK 77.0m |
| Total assets | NOK 581.9m | NOK 681.9m | NOK 660.6m | NOK 575.2m | NOK 535.0m | NOK 617.3m | NOK 575.0m | NOK 491.0m |
| Cash and short-term investments | — | — | NOK 212.1m | NOK 157.7m | NOK 96.4m | NOK 183.4m | NOK 179.2m | NOK 127.3m |
| Debt | — | — | NOK 37.5m | NOK 21.3m | NOK 22.0m | NOK 26.2m | NOK 25.1m | NOK 7.5m |
| Shareholders' equity | NOK 411.0m | NOK 506.7m | NOK 468.4m | NOK 418.6m | NOK 383.8m | NOK 466.4m | NOK 436.6m | NOK 405.1m |
Financial ratios
Data as of 22 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 81.7% | 79.8% | 78.7% | 78.4% | 76.8% | 78.5% | — | — | — |
| Operating margin | 30.4% | 23.3% | 25.0% | 28.7% | 27.3% | 25.8% | — | — | — |
| Net margin | 22.8% | 18.5% | 19.7% | 23.2% | 21.8% | 19.5% | — | — | — |
| Return on equity | 34.0% | 23.8% | 26.1% | 31.0% | 29.7% | 27.0% | — | — | — |
| Return on assets | 24.1% | 18.1% | 20.5% | 23.6% | 22.5% | 20.1% | — | — | — |
| Free cash flow yield | — | — | — | 2.4% | 1.2% | 1.6% | 1.8% | 1.4% | 1.4% |
| Revenue growth | 24.4% | 6.9% | 7.0% | 17.7% | 17.3% | -0.2% | — | — | — |
| Earnings growth | 53.3% | 0.0% | -8.9% | 25.4% | 31.0% | -1.3% | — | — | — |
| Current ratio | 3.34x | 4.00x | 4.15x | 3.87x | 3.95x | 4.13x | — | — | — |
| Debt to equity | — | 0.00x | 0.00x | 0.00x | 0.02x | 0.07x | 0.06x | — | — |
| Equity ratio | 70.9% | 75.9% | 78.7% | 76.2% | 75.9% | 74.3% | — | — | — |
| Interest coverage | 34.20x | 267.50x | 870.48x | 1148.38x | 641.85x | 628.45x | — | — | — |
| Buybacks as a share of market value | — | — | — | 55.0% | -123.1% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.5% | 14.5% | 10.8% |
| Operating income | 11.6% | 15.5% | 14.0% |
| Net income | 11.8% | 18.1% | 14.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 80.8% | 79.8% | 79.2% | 78.1% |
| Operating margin | 25.9% | 26.3% | 26.6% | 25.4% |
| Net margin | 20.8% | 21.1% | 21.0% | 19.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 29.7 | 26.4 | 37.7 | 37.0 | 164.2 | 65.6 | 49.7 | 22.6 | 27.6 | 34.2 |
| Price to sales | 6.8 | 4.9 | 7.4 | 8.6 | 35.7 | 12.8 | 9.8 | 4.0 | 4.4 | 5.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 7 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 8.00 | 6.00 | 4.50 | 4.50 | 3.75 | 3.00 | 2.75 | 2.25 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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