Fundies.
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Fjord Defence Group ASA

ESEF
Report (type unavailable) · filed 2026-10-21

Annual consolidated revenue for 2025: about NOK 58.97M, using the latest reported figures. The previous period, 2024, was about NOK 41.94M.

Inspect reported changes Compare with another company Historical disclosures Segments
Watchlist

Holdings and insider activity

Transactions reported by directors, officers and 10% owners on SEC Forms 3, 4 and 5, over the last 12 months.

Insider reports are SEC Forms 3, 4 and 5. This company is not in the SEC regime, so none are shown.

See all insider transactions

Institutional holders (Form 13F) are not yet shown here.

Latest fiscal year

Revenue

59 million NOK

2025 · NOK

Exact inputs and evidence

Operating margin

-197.23%

2025 · %

Exact inputs and evidence
  • Operating Income: -116299000 NOK Source
  • Revenue: 58965000 NOK Source

Operating cash flow

-43.9 million NOK

2025 · NOK

Exact inputs and evidence
  • Operating Cash Flow: -43935000 NOK Source
Cash and cash equivalents
199 million NOK Source
Exact value

199406000 NOK

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-21.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 2 of 11 periods available· newest 2025-12-31
  • Operating income: 2 of 11 periods available· newest 2025-12-31
  • net income: No compatible figures in this window
  • Operating cash flow: 2 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 2 of 11 periods available· newest 2021-12-31
  • Total assets: 2 of 11 periods available· newest 2025-12-31
  • Total liabilities: 2 of 11 periods available· newest 2025-12-31
  • Current assets: 2 of 11 periods available· newest 2025-12-31
  • Current liabilities: 2 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 3 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +40.6%

    Prior period

    NOK 41.94 million

    –

    Current period

    NOK 58.97 million

    –

    Exact inputs and evidence

    58965000 − 41941000 = 17024000 NOK

    41941000 NOK · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    58965000 NOK · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    −NOK 34.38 million

    Prior period

    −NOK 9.55 million

    –

    Current period

    −NOK 43.94 million

    –

    Exact inputs and evidence

    -43935000 − -9554000 = -34381000 NOK

    -9554000 NOK · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -43935000 NOK · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Net income, Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue NOK 58.97 million 100% of revenue
  • Operating costs Derived NOK 175.26 million 297% of revenue
  • Operating income −NOK 116.3 million −197% of revenue
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income Unavailable An input is unavailable.

Cash

  • Operating cash flow −NOK 43.94 million −75% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2024 2024-01-01 – 2024-12-3141941000 173824000 Derived -131883000 UnavailableUnavailableUnavailable
Source
2025 2025-01-01 – 2025-12-3158965000 175264000 Derived -116299000 UnavailableUnavailableUnavailable
Source

Amounts are exact, in NOK.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

NOK 59M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.63.7M47.8M31.8M15.9M0.020242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(NOK)Source evidence
2024Revenue41941000
2025Revenue58965000

Revenue growth

Change in revenue from the same financial period one year earlier.

40.6% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.44%33%22%11%0%20242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2024Year over yearNo prior comparable period
2025Year over year40.6%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -197.2% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.25%-66%-157%-248%-340%20242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2024Operating margin-314.4%
2025Operating margin-197.2%
2024-12-31Net marginNot reported
2025-12-31Net marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

NOK -43.9M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.5M-9.2M-22.0M-34.7M-47.4M20242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(NOK)Source evidence
2024Operating cash flow-9554000
2025Operating cash flow-43935000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(NOK)Source evidence
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

9% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.9.7%7.3%4.9%2.4%0.0%20242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2024Liabilities / assets6%
2025Liabilities / assets9%

Current assets to current liabilities

Current assets divided by current liabilities.

5.63× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.6.08×4.56×3.04×1.52×0.00×20242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2024Current assets / current liabilities0.65×
2025Current assets / current liabilities5.63×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2024 2024-01-01 – 2024-12-31
Unavailable Not reported for this period.
−NOK 9.55 million
Exact value

Exact value: -9554000 NOK

2024-01-01 – 2024-12-31: -9554000 NOK Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
Unavailable Not reported for this period.
−NOK 43.94 million
Exact value

Exact value: -43935000 NOK

2025-01-01 – 2025-12-31: -43935000 NOK Inspect Operating Cash Flow Open source
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Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

5 filings · 322 latest values · 322 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 5967007LIEEXZXKC2G83, esef:5967007LIEEXZXKC2G83