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Saga Subsea AS
AS
Active
Org 996649997
Killingøy 8, 5523
Haugesund
Engineering activities and related technical consultancy
·
NACE 7112
Est. 2011 · 15 years old
36 employees
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Norway
/
Companies
/
Engineering activities and related technical consultancy
/
Saga Subsea AS
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
NOK millions
167M
125M
83M
42M
0M
2021: 74M
74M
2021
2022: 90M (+22% vs 2021)
90M
+22%
2022
2023: 121M (+34% vs 2022)
121M
+34%
2023
2024: 128M (+6% vs 2023)
128M
+6%
2024
2025: 134M (+5% vs 2024)
134M
+5%
2025
EBITDA
NOK millions
16M
12M
8M
4M
0M
2021: 5M
5M
2021
2022: 0M (-100% vs 2021)
0M
-100%
2022
2023: 11M
11M
2023
2024: 13M (+18% vs 2023)
13M
+18%
2024
2025: 7M (-46% vs 2024)
7M
-46%
2025
Income statement
NOK thousands
Item
2025
2024
2023
2022
2021
Revenue
133 705
128 451
120 967
90 137
73 913
Staff expenses
−31 883
−34 012
−35 530
−31 669
−25 184
EBITDA
6 858
12 684
11 052
203
4 739
Depreciation & amort.
−2 577
−2 292
−3 654
−1 738
−1 422
EBIT
4 281
10 393
7 398
−1 535
3 317
Net financials
−1 950
−1 683
−1 879
−1 359
−968
Profit before tax
2 331
8 709
5 519
−2 894
2 349
Tax
333
1 833
1 204
−627
715
Net profit
1 998
6 877
4 314
−2 267
1 634
Balance sheet
NOK thousands
Item
2025
2024
2023
2022
2021
Total assets
48 850
42 471
52 831
39 102
38 711
Equity
11 361
11 363
4 486
172
2 439
Long-term debt
12 748
9 134
6 685
8 223
12 088
Short-term debt
24 740
21 975
41 660
30 708
24 184
Total debt
37 489
31 108
48 345
38 930
36 272
Financial ratios
5-year trend
EBITDA margin
5,1 %
This company
15,8 %
Market median
This company
Market median
68% below market
2021
2025
Equity ratio
23,3 %
This company
38,2 %
Market median
This company
Market median
39% below market
2021
2025
Return on equity
17,6 %
This company
18,4 %
Market median
This company
Market median
4% below market
2021
2025
Net profit margin
1,5 %
This company
8,1 %
Market median
This company
Market median
81% below market
2021
2025
Asset turnover
2,74×
This company
1,12×
Market median
This company
Market median
145% above market
2021
2025
Debt / equity
3,30×
This company
0,62×
Market median
This company
Market median
432% above 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 Saga Subsea AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
