Appendix to the annual report
Financial Information
Alternative performance measures in the table below, are presented to supplement IFRS financial information and are unaudited.
| 2025 | 2024 | |
|---|---|---|
| NOK '000 | NOK '000 | |
| Financial Performance | ||
| Revenue from contracts with customers | 800,943 | 605,608 |
| Gross earnings | 579,273 | 437,824 |
| Total operating expenses | (630,289) | (532,999) |
| Underlying operating profit/(loss) | 188,553 | 79,359 |
| EBITDA | 189,127 | 87,293 |
| Underlying EBITDA | 206,960 | 93,505 |
| EBITDAC | 124,400 | 87,293 |
| Underlying EBITDAC | 142,233 | 93,505 |
| EBIT | 170,719 | 73,147 |
| Profit before tax | 169,458 | 91,296 |
| Profit/(loss) for the year | 129,162 | 69,513 |
| Key Performance Indicators | ||
| Revenue growth as a % | 32.3% | 48.6% |
| Gross margin | 72.3% | 72.3% |
| Underlying operating margin | 23.5% | 13.1% |
| EBITDA margin | 23.6% | 14.4% |
| Underlying EBITDA margin | 25.8% | 15.4% |
| EBITDAC margin | 15.5% | 14.4% |
| Underlying EBITDAC margin | 17.8% | 15.4% |
| EBIT margin | 21.3% | 12.1% |
| Employees and sales consultants | ||
| Average number of employees and sales consultants | 204 | 172 |
| 2025 | 2024 | |
|---|---|---|
| NOK '000 | NOK '000 | |
| Financial Position and cashflow | ||
| Cash and cash equivalents | 60,490 | 96,825 |
| Financial assets at fair value through profit or loss | 438,608 | 133,611 |
| Available liquidity | 499,099 | 230,436 |
| Working capital | 60,167 | 46,999 |
| Total Cash Flow | (34,285) | 23,447 |
| Free Cash Flow | 64,204 | 59,430 |
| Return on capital employed | 37.8% | 31.8% |
| Equity/asset ratio | 68.7% | 58.4% |
| The share | ||
| Dividend per share, NOK | - | - |
| Basic earnings per share, NOK | 3.40 | 1.86 |
| Diluted earnings per share, NOK | 3.40 | 1.86 |
| Average number of shares, thousands | 37,971 | 37,548 |