W 
12.05
+1.69%
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 835.2m
FY2016FY2025
Net income
NOK 40.4m
FY2016FY2025
Free cash flow
NOK 99.8m
FY2016FY2025
Shareholders' equity
NOK 331.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 835.2m | NOK 874.1m | NOK 861.6m | NOK 888.4m | NOK 775.0m | NOK 690.0m | NOK 660.5m | NOK 663.2m | NOK 596.5m | NOK 562.5m |
| Operating income | NOK 55.9m | NOK 66.7m | NOK 17.0m | NOK 54.6m | NOK 65.9m | NOK 50.0m | NOK 49.1m | NOK 75.9m | NOK 48.9m | NOK 62.2m |
| Net income | NOK 40.4m | NOK 49.5m | NOK 4.4m | NOK 38.4m | NOK 48.5m | NOK 36.7m | NOK 36.1m | NOK 56.2m | NOK 33.9m | NOK 40.5m |
| Diluted earnings per share | 0.99 | 1.22 | 0.11 | 0.95 | 1.19 | 1.38 | 1.35 | 2.11 | 1.27 | 1.52 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | NOK 593.6m | NOK 632.7m | NOK 708.2m | NOK 679.0m | NOK 649.0m | NOK 591.7m | NOK 565.4m | NOK 535.0m | NOK 528.3m | NOK 557.8m |
| Cash and short-term investments | — | NOK 82.4m | NOK 75.5m | NOK 62.3m | NOK 44.8m | NOK 37.9m | NOK 25.5m | NOK 33.5m | NOK 6.6m | NOK 80.3m |
| Total liabilities | NOK 262.3m | NOK 281.1m | NOK 349.0m | NOK 285.6m | NOK 255.3m | NOK 211.5m | NOK 193.8m | NOK 158.4m | NOK 170.5m | NOK 360.9m |
| Debt | — | NOK 52.8m | NOK 80.3m | NOK 162.3m | NOK 61.5m | NOK 34.8m | NOK 37.2m | NOK 64.9m | NOK 24.3m | NOK 282.1m |
| Shareholders' equity | NOK 331.3m | NOK 351.6m | NOK 359.2m | NOK 393.4m | NOK 393.7m | NOK 380.2m | NOK 371.6m | NOK 376.6m | NOK 357.7m | NOK 196.9m |
| Shares outstanding | 41m | 41m | 41m | 41m | 41m | 27m | 27m | 27m | 27m | 27m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | NOK 102.0m | NOK 28.1m | NOK 31.8m | NOK 74.0m | NOK 54.7m | NOK 63.3m | NOK 41.7m | NOK 91.9m | NOK 8.0m | NOK 50.5m |
| Capital spending | −NOK 2.2m | −NOK 3.6m | −NOK 6.9m | −NOK 10.7m | −NOK 7.8m | −NOK 4.0m | −NOK 3.7m | −NOK 5.5m | −NOK 8.0m | −NOK 1.7m |
| Free cash flow | NOK 99.8m | NOK 24.5m | NOK 24.9m | NOK 63.3m | NOK 46.9m | NOK 59.4m | NOK 38.0m | NOK 86.5m | NOK 27,000 | NOK 48.7m |
| Dividends paid | −NOK 62.3m | −NOK 27.8m | −NOK 47.0m | −NOK 46.5m | −NOK 43.1m | −NOK 42.7m | −NOK 42.4m | −NOK 39.5m | −NOK 39.5m | −NOK 173.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | NOK 190.4m | NOK 209.7m | NOK 205.5m | NOK 178.3m | NOK 215.0m | NOK 236.4m | NOK 225.6m | NOK 189.4m |
| Operating income | NOK 13.9m | NOK 15.9m | NOK 6.1m | NOK 8.2m | NOK 19.0m | NOK 22.6m | NOK 15.5m | NOK 10.9m |
| Net income | NOK 10.1m | NOK 11.2m | NOK 5.6m | NOK 3.5m | NOK 14.8m | NOK 16.4m | NOK 12.4m | NOK 7.2m |
| Diluted earnings per share | 0.25 | 0.28 | 0.14 | 0.09 | 0.37 | 0.40 | 0.31 | 0.18 |
| Cash from operations | −NOK 14.0m | −NOK 31.0m | NOK 102.0m | NOK 54.0m | NOK 42.0m | NOK 23.0m | NOK 28.0m | −NOK 16.0m |
| Capital spending | — | — | −NOK 2.0m | −NOK 1.0m | −NOK 1.0m | — | −NOK 3.0m | −NOK 2.0m |
| Free cash flow | — | — | NOK 100.0m | NOK 53.0m | NOK 41.0m | — | NOK 25.0m | −NOK 18.0m |
| Total assets | NOK 536.3m | NOK 604.8m | NOK 593.6m | NOK 590.4m | NOK 595.9m | NOK 673.4m | NOK 632.7m | NOK 643.1m |
| Cash and short-term investments | — | — | NOK 105.5m | NOK 62.4m | NOK 54.4m | NOK 101.4m | NOK 82.4m | NOK 64.9m |
| Debt | — | — | NOK 45.2m | NOK 48.2m | NOK 51.1m | NOK 50.0m | NOK 52.8m | NOK 64.3m |
| Shareholders' equity | NOK 312.4m | NOK 342.7m | NOK 331.3m | NOK 325.5m | NOK 321.9m | NOK 368.1m | NOK 351.6m | NOK 363.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.0% | 3.9% | 4.3% |
| Operating income | 0.8% | 2.3% | 0.9% |
| Net income | 1.6% | 1.9% | 1.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 7.2% | 5.6% | 6.3% | 7.5% |
| Net margin | 5.3% | 3.8% | 4.4% | 5.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.6 | 18.0 | 196.5 | 26.2 | 28.1 | 16.1 | 17.9 | 11.9 | 20.5 |
| Price to sales | 0.9 | 1.0 | 1.0 | 1.1 | 1.8 | 0.9 | 1.0 | 1.0 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 8 years. Last went ex-dividend on 20 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.49 | 2.30 | 1.00 | 1.70 | 1.70 | 1.60 | 1.60 | 1.60 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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