SONGA OFFSHORE RIG 2 AS
Score · fiscal year 2025
29of 100
How to read this: the company is ahead of 12 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 491 of 583 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 42 and solidity 8 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
SONGA OFFSHORE RIG 2 AS is 22 points below the median for medium-sized companies in the same sector in 2025.
Median score 51 among 155 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 6.3% |
| Profit margin | – | 6.0% |
| Return on assets | 6.0% | 9.1% |
| Equity ratio | 2.6% | 43.3% |
| Debt-to-equity | 37.16 | 1.17 |
| Current ratio | 1.03 | 1.31 |
| Revenue growth | – | 6.5% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 29, SONGA OFFSHORE RIG 2 AS does better than 12% of medium-sized companies in the same sector (155 companies) in 2025.
Score 2023–2025
- SONGA OFFSHORE RIG 2 AS
- Median: medium-sized companies in the same sector
SONGA OFFSHORE RIG 2 AS has a score of 29 for 2025, rank 491 of 583 in the sector.
Strongest: Profitability: percentile 42 against peers.
Weakest: Solidity: percentile 8 against peers, equity ratio 2.6% against a median of 43.3%. Consistency: percentile 31 against peers.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 2.6% (median 43.3%).
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, 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
SONGA OFFSHORE RIG 2 AS had an operating margin of – and an equity ratio of 2.6% in 2025, and ranks 491 of 583 in Olje og gass.
From 2024 to 2025: went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 2 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 2 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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 2.6% (median 43.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Revenue not reported
- watch No revenue but large assets
- watch Reports in a currency other than NOK
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 42 | weight 30% |
|---|---|---|
| Solidity | 8 | weight 25% |
| Liquidity | 34 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 31 | weight 15% |
Durability: 20 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is SONGA OFFSHORE RIG 2 AS?
The operating margin was – in 2025, against a median of 6.3% among medium-sized companies in the same sector. Return on assets was 6.0%.
How solid is SONGA OFFSHORE RIG 2 AS?
The equity ratio was 2.6% in 2025 (median 43.3%). Debt-to-equity was 37.16 (median 1.17).
What is the liquidity of SONGA OFFSHORE RIG 2 AS like?
The current ratio was 1.03 in 2025 (median 1.31).
How does SONGA OFFSHORE RIG 2 AS compare in Olje og gass?
SONGA OFFSHORE RIG 2 AS ranks 491 of 583 in Olje og gass for 2025. Among companies of the same size (medium-sized companies) it ranks 136 of 155.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 913222334
- Legal form
- AS · part of a group
- Sector
- Olje og gass (09.101)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 10 January 2014 12 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Maskinveien 26, 4033 STAVANGER
- Municipality
- Stavanger rank 5–9 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.songaoffshore.com
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
- Chief executive
- Knut Vavik
- Chair of the board
- Knut Vavik
- Board member
- Iain Robert Inglis
- Board member
- Line Lura Anonsen
- Auditor
- ERNST & YOUNG AS
Source: Central Coordinating Register, fetched 25 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 | 15 | 16 | 29 | |
| Rank | 520 | 547 | 491 | |
| Operating margin | −2.6% | – | – | |
| Return on assets | 1.3% | 2.2% | 6.0% | |
| Equity ratio | 2.6% | 3.7% | 2.6% | |
| Current ratio | 0.94 | 1.04 | 1.03 | |
| Revenue growth | – | −121.9% | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 76.1 MUSD | −16.7 MUSD | – |
| Operating profit | −2.0 MUSD | −0.4 MUSD | −0.1 MUSD |
| Profit before tax | −2.9 MUSD | −2.9 MUSD | 1.7 MUSD |
| Net profit | −4.8 MUSD | 1.6 MUSD | −14.2 MUSD |
| Financial expenses | 5.5 MUSD | 6.9 MUSD | 2.6 MUSD |
| Total assets | 196.9 MUSD | 183.3 MUSD | 70.9 MUSD |
| Current assets | 180.1 MUSD | 183.3 MUSD | 70.9 MUSD |
| Equity | 5.2 MUSD | 6.8 MUSD | 1.9 MUSD |
| Retained earnings | −95.5 MUSD | −93.9 MUSD | 1.9 MUSD |
| Total liabilities | 191.7 MUSD | 176.4 MUSD | 69.0 MUSD |
| Current liabilities | 191.7 MUSD | 176.4 MUSD | 69.0 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7112989.
Further
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