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Vardar Vannkraft AS
AS
Active
Org 981104293
Øvre Eikervei 14, 3048
Drammen
Production of electricity from renewable sources
·
NACE 3512
Est. 1999 · 27 years old
1 employees
Monitor
Share
Norway
/
Companies
/
Production of electricity from renewable sources
/
Vardar Vannkraft AS
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
NOK millions
827M
620M
413M
207M
0M
2021: 275M
275M
2021
2022: 664M (+141% vs 2021)
664M
+141%
2022
2023: 436M (-34% vs 2022)
436M
-34%
2023
2024: 337M (-23% vs 2023)
337M
-23%
2024
2025: 326M (-3% vs 2024)
326M
-3%
2025
EBITDA
NOK millions
714M
535M
357M
178M
0M
2021: 216M
216M
2021
2022: 573M (+165% vs 2021)
573M
+165%
2022
2023: 340M (-41% vs 2022)
340M
-41%
2023
2024: 268M (-21% vs 2023)
268M
-21%
2024
2025: 244M (-9% vs 2024)
244M
-9%
2025
Income statement
NOK thousands
Item
2025
2024
2023
2022
2021
Revenue
326 456
337 006
435 909
663 671
275 013
Staff expenses
−1 344
−1 610
−1 125
−1 175
−1 076
EBITDA
243 757
268 327
340 081
573 229
215 785
Depreciation & amort.
−6 971
−20 118
−20 223
−19 242
−19 335
EBIT
236 786
248 209
319 858
553 987
196 450
Net financials
−19 330
−8 922
40 207
10 530
−20 349
Profit before tax
217 456
239 287
360 065
564 517
176 101
Tax
124 765
161 720
208 040
343 256
119 334
Net profit
92 691
77 567
152 025
221 261
56 767
Balance sheet
NOK thousands
Item
2025
2024
2023
2022
2021
Total assets
733 752
722 852
1 016 460
1 108 798
856 458
Equity
465 663
456 229
458 485
401 944
476 928
Long-term debt
−767
18 781
11 025
1 816
2 607
Short-term debt
233 566
247 127
546 385
704 464
376 317
Total debt
267 322
265 908
557 409
706 280
378 924
Financial ratios
5-year trend
EBITDA margin
74,7 %
This company
15,8 %
Market median
This company
Market median
373% above market
2021
2025
Equity ratio
63,5 %
This company
38,2 %
Market median
This company
Market median
66% above market
2021
2025
Return on equity
19,9 %
This company
18,4 %
Market median
This company
Market median
8% above market
2021
2025
Net profit margin
28,4 %
This company
8,1 %
Market median
This company
Market median
251% above market
2021
2025
Asset turnover
0,44×
This company
1,12×
Market median
This company
Market median
61% below market
2021
2025
Debt / equity
0,58×
This company
0,62×
Market median
This company
Market median
6% below market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
More on Vardar Vannkraft AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
