Oslo Bulk AS
Score · fiscal year 2025
62of 100
How to read this: the company is ahead of 79 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 56 of 269 · What are Morning company classes?
Place in the whole sector: 219 of 1,006 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 49 and solidity 83 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Oslo Bulk AS is 11 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 269 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −38.8% (median 8.6%) and equity ratio 78.1% (median 42.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 23 MNOK | 27 MNOK |
| Operating margin | −38.8% | 8.6% |
| Profit margin | 1,419.2% | 6.7% |
| Return on assets | 42.9% | 7.4% |
| Equity ratio | 78.1% | 42.2% |
| Debt-to-equity | 0.28 | 1.26 |
| Current ratio | 2.78 | 1.46 |
| Revenue growth | −2.1% | 2.8% |
| Revenue per employee | 3.28 MNOK | 1.70 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 62, Oslo Bulk AS does better than 79% of companies in the Morning class Small in the same sector (269 companies) in 2025.
Score 2023–2025
- Oslo Bulk AS
- Median: companies in the Morning class Small in the same sector
Oslo Bulk AS has a score of 62 for 2025, rank 219 of 1,006 in the sector.
Strongest: Solidity: percentile 83 against peers, equity ratio 78.1% against a median of 42.2%. Consistency: percentile 72 against peers.
Weakest: Growth: percentile 38 against peers, revenue growth −2.1% against a median of 2.8%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −38.8% (median 8.6%).
- What lies behind weak growth, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Oslo Bulk AS had an operating margin of −38.8% and an equity ratio of 78.1% in 2025, and ranks 219 of 1,006 in Sjøfart.
From 2024 to 2025: the operating margin fell from −33.6% to −38.8% and the equity ratio rose from 72.1% to 78.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 57 MUSD and 313 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 313 MUSD |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 57 MUSD |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −38.8% (median 8.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were −1.0% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Reports in a currency other than NOK
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 49 | weight 30% |
|---|---|---|
| Solidity | 83 | weight 25% |
| Liquidity | 70 | weight 15% |
| Growth | 38 | weight 15% |
| Consistency | 72 | weight 15% |
Durability: 55 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Oslo Bulk AS?
The operating margin was −38.8% in 2025, against a median of 8.6% among companies in the Morning class Small in the same sector. Return on assets was 42.9%.
How solid is Oslo Bulk AS?
The equity ratio was 78.1% in 2025 (median 42.2%). Debt-to-equity was 0.28 (median 1.26).
What is the liquidity of Oslo Bulk AS like?
The current ratio was 2.78 in 2025 (median 1.46).
How does Oslo Bulk AS compare in Sjøfart?
Oslo Bulk AS ranks 219 of 1,006 in Sjøfart for 2025. Among companies in the Morning class Small it is number 56 of 269. Revenue changed by −2.1% from the year before.
Group accounts · 2025
44 of 100
Rank 46 of 73 groups in the Morning class Large in Sjøfart. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 50 MUSD
- ≈ 515 MNOK at Norges Bank's rate for the period
- Operating profit, group
- 7 MUSD
- ≈ 71 MNOK at Norges Bank's rate for the period
- Profit before tax, group
- 18 MUSD
- ≈ 183 MNOK at Norges Bank's rate for the period
- Total assets, group
- 135 MUSD
- ≈ 1,362 MNOK at Norges Bank's rate for the period
- Equity, group
- 64 MUSD
- ≈ 645 MNOK at Norges Bank's rate for the period
The group accounts are in USD. Amounts are shown in USD, with NOK below. Ratios are computed in USD.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 13.8% | −38.8% |
| Return on assets | 18.1% | 42.9% |
| Equity ratio | 47.3% | 78.1% |
| Current ratio | 0.93 | 2.78 |
| Revenue growth | −41.0% | −2.1% |
Group index in earlier years: 2023: 68 (18 of 65), 2024: 59 (26 of 69).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 821787602
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Morning company class
- Small
- Employees
- 7 registered 10 September 2026
- Founded
- 30 October 2018 8 years in operation
- Share capital
- 22.85 MNOK
- Business address
- Ruseløkkveien 6, 0251 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 46 | 57 | 62 | |
| Rank | 495 | 317 | 219 | |
| Operating margin | −12.8% | −33.6% | −38.8% | |
| Return on assets | 22.5% | 94.9% | 42.9% | |
| Equity ratio | 49.6% | 72.1% | 78.1% | |
| Current ratio | 0.18 | 1.04 | 2.78 | |
| Revenue growth | – | −3.5% | −2.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2025–31 December 2025: 10.3912 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.3 MUSD | 2.3 MUSD | 2.2 MUSD |
| Operating profit | −0.3 MUSD | −0.8 MUSD | −0.9 MUSD |
| Profit before tax | 13.5 MUSD | 73.1 MUSD | 31.3 MUSD |
| Net profit | 13.2 MUSD | 73.1 MUSD | 31.3 MUSD |
| Financial expenses | −0.7 MUSD | −1.4 MUSD | −0.2 MUSD |
| Total assets | 57.3 MUSD | 75.5 MUSD | 72.7 MUSD |
| Current assets | 5.2 MUSD | 21.8 MUSD | 16.5 MUSD |
| Equity | 28.4 MUSD | 54.5 MUSD | 56.8 MUSD |
| Retained earnings | 25.8 MUSD | 51.8 MUSD | 54.2 MUSD |
| Total liabilities | 28.9 MUSD | 21.0 MUSD | 15.9 MUSD |
| Current liabilities | 28.7 MUSD | 21.0 MUSD | 5.9 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7092079.
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