North Energy ASA (NORTH) - Net Assets

Latest as of June 2026: Nkr277.46 Million NOK ≈ $29.20 Million USD

Based on the latest financial reports, North Energy ASA (NORTH) has net assets worth Nkr277.46 Million NOK (≈ $29.20 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr381.67 Million ≈ $40.16 Million USD) and total liabilities (Nkr104.21 Million ≈ $10.97 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NORTH PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Nkr277.46 Million
% of Total Assets	72.7%
Annual Growth Rate	12.05%
5-Year Change	-3.6%
10-Year Change	-23.99%
Growth Volatility	67.74

North Energy ASA - Net Assets Trend (2007–2025)

This chart illustrates how North Energy ASA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see NORTH company net worth.

Annual Net Assets for North Energy ASA (2007–2025)

The table below shows the annual net assets of North Energy ASA from 2007 to 2025. Also explore North Energy ASA (NORTH) net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	Nkr309.74 Million ≈ $32.59 Million	-15.72%
2024-12-31	Nkr367.51 Million ≈ $38.67 Million	+14.44%
2023-12-31	Nkr321.13 Million ≈ $33.79 Million	+4.18%
2022-12-31	Nkr308.23 Million ≈ $32.43 Million	-4.07%
2021-12-31	Nkr321.30 Million ≈ $33.81 Million	-20.05%
2020-12-31	Nkr401.89 Million ≈ $42.29 Million	+32.75%
2019-12-31	Nkr302.75 Million ≈ $31.86 Million	-19.59%
2018-12-31	Nkr376.52 Million ≈ $39.62 Million	-7.13%
2017-12-31	Nkr405.43 Million ≈ $42.66 Million	-0.51%
2016-12-31	Nkr407.52 Million ≈ $42.88 Million	+29.41%
2015-12-31	Nkr314.92 Million ≈ $33.14 Million	-28.44%
2014-12-31	Nkr440.07 Million ≈ $46.31 Million	+68.89%
2013-12-31	Nkr260.57 Million ≈ $27.42 Million	-36.44%
2012-12-31	Nkr409.93 Million ≈ $43.14 Million	+10.86%
2011-12-31	Nkr369.78 Million ≈ $38.91 Million	-22.99%
2010-12-31	Nkr480.18 Million ≈ $50.53 Million	+213.97%
2009-12-31	Nkr152.94 Million ≈ $16.09 Million	+32.40%
2008-12-31	Nkr115.51 Million ≈ $12.15 Million	+189.12%
2007-12-31	Nkr39.95 Million ≈ $4.20 Million	--

Equity Component Analysis

This analysis shows how different components contribute to North Energy ASA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 64754600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	Nkr117.25 Million	37.86%
Other Components	Nkr840.03 Million	271.21%
Total Equity	Nkr309.74 Million	100.00%

North Energy ASA Competitors by Market Cap

The table below lists competitors of North Energy ASA ranked by their market capitalization.

Company	Market Cap
Pantaflix AG XETRA:PAL	$31.59 Million
Profoto Holding AB ST:PRFO	$31.60 Million
Digitalx Ltd AU:DCC	$31.60 Million
Rand Capital Corp NASDAQ:RAND	$31.61 Million
Daewoo Elec Co KO:009320	$31.57 Million
Sprint Bioscience AB ST:SPRINT	$31.57 Million
VivoPower International PLC NASDAQ:VVPR	$31.57 Million
Ledlink Optics TWO:5230	$31.56 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in North Energy ASA's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 367,508,000 to 309,736,000, a change of -57,772,000 (-15.7%).
Net loss of 40,184,000 reduced equity.
Dividend payments of 17,588,000 reduced retained earnings.
New share issuances of 3,295,000 increased equity.
Other factors decreased equity by 3,295,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Nkr-40.18 Million	-12.97%
Dividends Paid	Nkr17.59 Million	-5.68%
Share Issuances	Nkr3.29 Million	+1.06%
Other Changes	Nkr-3.29 Million	-1.06%
Total Change	Nkr-	-15.72%

Book Value vs Market Value Analysis

This analysis compares North Energy ASA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.97x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has increased from 0.75x to 0.97x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	Nkr3.42	Nkr2.56	x
2017-12-31	Nkr3.41	Nkr2.56	x
2018-12-31	Nkr3.16	Nkr2.56	x
2019-12-31	Nkr2.71	Nkr2.56	x
2020-12-31	Nkr3.43	Nkr2.56	x
2021-12-31	Nkr2.74	Nkr2.56	x
2022-12-31	Nkr2.63	Nkr2.56	x
2023-12-31	Nkr2.74	Nkr2.56	x
2024-12-31	Nkr3.13	Nkr2.56	x
2025-12-31	Nkr2.64	Nkr2.56	x

Capital Efficiency Dashboard

This dashboard shows how efficiently North Energy ASA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -12.97%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -44648.89%
• Asset Turnover: 0.00x
• Equity Multiplier: 1.30x
Recent ROE (-12.97%) is below the historical average (-6.50%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	-57.44%	0.00%	0.00x	2.03x	Nkr-175.72 Million
2014	-28.29%	0.00%	0.00x	1.36x	Nkr-168.52 Million
2015	-40.03%	0.00%	0.00x	2.06x	Nkr-157.54 Million
2016	20.41%	592.33%	0.03x	1.13x	Nkr42.41 Million
2017	5.36%	1037.15%	0.00x	1.13x	Nkr-18.79 Million
2018	-7.68%	-5667.84%	0.00x	1.03x	Nkr-66.56 Million
2019	-4.86%	-1745.53%	0.00x	0.97x	Nkr-47.15 Million
2020	30.37%	108971.43%	0.00x	1.06x	Nkr81.86 Million
2021	-8.66%	-15634.27%	0.00x	1.06x	Nkr-59.96 Million
2022	-4.24%	0.00%	-0.11x	1.06x	Nkr-43.89 Million
2023	7.67%	34200.00%	0.00x	1.07x	Nkr-7.49 Million
2024	15.81%	64561.11%	0.00x	1.02x	Nkr21.35 Million
2025	-12.97%	-44648.89%	0.00x	1.30x	Nkr-71.16 Million

Industry Comparison

This section compares North Energy ASA's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $443,746,291
Average return on equity (ROE) among peers: -28.47%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
North Energy ASA (NORTH)	Nkr277.46 Million	-57.44%	0.38x	$31.59 Million
Hermana Holding ASA (HERMA)	$121.50 Million	1.40%	0.01x	$21.62 Million
Kmc Properties ASA (KMCP)	$187.66 Million	-115.51%	7.45x	$3.04 Million
Saga Pure ASA (SAGA)	$868.68 Million	0.34%	0.00x	$110.08 Million
Treasure ASA (TRE)	$597.14 Million	-0.12%	0.00x	$850.94 Million

About North Energy ASA

OL:NORTH Norway Asset Management

Market Cap

$31.59 Million

Nkr300.16 Million NOK

Market Cap Rank

#23674 Global

#221 in Norway

Share Price

Nkr2.56

Change (1 day)

-0.78%

52-Week Range

Nkr2.25 - Nkr2.94

All Time High

Nkr3.17