O 
61.60
+3.18%
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.
Net income
NOK 328.0m
FY2018FY2025
Free cash flow
NOK 123.8m
FY2018FY2025
Shareholders' equity
NOK 1.27bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | NOK 510.9m | NOK 490.7m | NOK 492.1m | NOK 384.1m | NOK 124.6m | NOK 154.3m | NOK 154.6m | NOK 8.9m |
| Net income | NOK 328.0m | NOK 253.2m | NOK 344.2m | NOK 253.0m | NOK 116.5m | NOK 130.2m | NOK 219.6m | NOK 14.0m |
| Diluted earnings per share | 8.16 | 6.26 | 8.72 | 6.41 | 2.95 | 3.30 | 5.57 | 0.36 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 4.36bn | NOK 4.18bn | NOK 3.69bn | NOK 3.11bn | NOK 3.92bn | NOK 3.29bn | NOK 395.3m | NOK 343.8m |
| Cash and short-term investments | — | NOK 576.2m | NOK 587.8m | NOK 497.4m | NOK 497.8m | NOK 122.5m | NOK 11.5m | NOK 31.7m |
| Total liabilities | NOK 3.09bn | NOK 2.80bn | NOK 2.62bn | NOK 2.34bn | NOK 957.8m | NOK 646.5m | NOK 70.1m | NOK 60.4m |
| Debt | NOK 1.39bn | NOK 1.27bn | NOK 1.27bn | NOK 1.47bn | NOK 107.6m | NOK 73.7m | NOK 23.8m | NOK 18.2m |
| Shareholders' equity | NOK 1.27bn | NOK 1.38bn | NOK 1.08bn | NOK 778.8m | NOK 2.96bn | NOK 2.64bn | NOK 3.05bn | NOK 283.4m |
| Shares outstanding | 40m | 40m | 39m | 39m | 39m | 39m | 39m | 39m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | NOK 581.7m | NOK 519.7m | NOK 698.0m | NOK 567.7m | NOK 369.1m | NOK 465.7m | NOK 29.5m | NOK 31.0m |
| Capital spending | −NOK 457.9m | −NOK 364.5m | −NOK 237.4m | −NOK 336.1m | −NOK 441.7m | −NOK 182.8m | −NOK 28.1m | −NOK 17.0m |
| Free cash flow | NOK 123.8m | NOK 155.2m | NOK 460.6m | NOK 231.6m | −NOK 72.6m | NOK 282.9m | NOK 1.4m | NOK 14.0m |
| Dividends paid | −NOK 239.9m | −NOK 165.1m | −NOK 100.0m | −NOK 176.9m | −NOK 176.9m | −NOK 382.2m | −NOK 44.8m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | NOK 135.6m | NOK 94.2m | NOK 128.6m | NOK 133.7m | NOK 152.5m | NOK 147.3m | NOK 132.1m | NOK 118.8m |
| Net income | NOK 84.1m | NOK 49.2m | NOK 65.7m | NOK 101.6m | NOK 81.8m | NOK 79.0m | NOK 74.7m | NOK 38.6m |
| Diluted earnings per share | 2.13 | 1.25 | 1.63 | 2.53 | 2.04 | 1.97 | 1.85 | 0.95 |
| Cash from operations | NOK 139.0m | −NOK 3.0m | NOK 581.0m | NOK 102.0m | NOK 25.0m | NOK 71.0m | NOK 230.0m | NOK 134.0m |
| Capital spending | −NOK 94.0m | −NOK 65.0m | −NOK 457.0m | −NOK 140.0m | −NOK 110.0m | −NOK 113.0m | −NOK 105.0m | −NOK 110.0m |
| Free cash flow | NOK 45.0m | −NOK 68.0m | NOK 124.0m | −NOK 38.0m | −NOK 85.0m | −NOK 42.0m | NOK 125.0m | NOK 24.0m |
| Total assets | NOK 4.86bn | NOK 4.86bn | NOK 4.36bn | NOK 4.24bn | NOK 4.25bn | NOK 3.94bn | NOK 4.18bn | NOK 3.86bn |
| Cash and short-term investments | — | — | NOK 697.6m | NOK 458.5m | NOK 564.7m | NOK 412.7m | NOK 487.2m | NOK 513.9m |
| Debt | NOK 1.70bn | NOK 1.70bn | NOK 1.53bn | NOK 1.59bn | NOK 1.56bn | NOK 1.27bn | NOK 1.27bn | NOK 1.27bn |
| Shareholders' equity | NOK 1.28bn | NOK 1.16bn | NOK 1.27bn | NOK 1.23bn | NOK 1.24bn | NOK 1.27bn | NOK 1.38bn | NOK 1.25bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 9.1% | 8.4% | 10.4% | 8.7% | 4.2% | 5.9% |
| Net margin | 5.9% | 4.7% | 6.9% | 6.5% | 4.0% | 6.2% |
| Return on equity | 25.9% | 18.4% | 32.0% | 32.5% | 3.9% | 4.9% |
| Return on assets | 7.5% | 6.1% | 9.3% | 8.1% | 3.0% | 4.0% |
| Free cash flow yield | 42.6% | 36.0% | 39.0% | 37.7% | — | — |
| Revenue growth | 2.0% | 8.1% | 29.3% | 31.8% | 41.1% | -12.7% |
| Earnings growth | 29.5% | -26.4% | 36.0% | 117.2% | -10.5% | -40.7% |
| Current ratio | 1.79x | 1.73x | 1.79x | 1.54x | 3.56x | 4.32x |
| Debt to equity | 1.10x | 0.82x | 1.06x | 1.74x | 0.01x | 0.01x |
| Equity ratio | 29.1% | 32.9% | 29.1% | 25.0% | 75.6% | 80.2% |
| Interest coverage | 4.19x | 2.48x | 3.28x | 3.04x | 20.77x | 23.70x |
| Buybacks as a share of market value | 0.6% | -2.5% | 0.0% | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 12.5% | 21.5% | — |
| Operating income | 10.0% | 27.1% | — |
| Net income | 9.0% | 20.3% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.1% | 9.5% | 8.7% | — |
| Net margin | 5.3% | 5.9% | 5.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 6.8 | 7.0 | 6.4 | 4.5 |
| Price to sales | 0.4 | 0.3 | 0.4 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 3 years. Last went ex-dividend on 10 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Paid in the year | 1.52 | 6.08 | 4.183 | 2.533 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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