VÅR ENERGI ASA
Score · fiscal year 2025
40of 100
How to read this: the company is ahead of 25 % of large companies in the same sector in 2025. What does this mean?
Rank: 228 of 320 · Olje og gass
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 68 and solidity 7 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
VÅR ENERGI ASA is 9 points below the median for large companies in the same sector in 2025.
Median score 49 among 69 companies.
Against large companies in the same sector in 2025: operating margin 51.7% (median 10.5%) and equity ratio 2.1% (median 22.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 84,127 MNOK | 2,791 MNOK |
| Operating margin | 51.7% | 10.5% |
| Profit margin | 53.2% | 9.4% |
| Return on assets | 16.0% | 14.4% |
| Equity ratio | 2.1% | 22.7% |
| Debt-to-equity | 45.69 | 3.12 |
| Current ratio | 0.61 | 1.12 |
| Revenue growth | 8.7% | 3.3% |
| Revenue per employee | 56.50 MNOK | 7.15 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 40, VÅR ENERGI ASA does better than 25% of large companies in the same sector (69 companies) in 2025.
Score 2023–2025
- VÅR ENERGI ASA
- Median: large companies in the same sector
VÅR ENERGI ASA has a score of 40 for 2025, rank 228 of 320 in the sector.
Strongest: Profitability: percentile 68 against peers, operating margin 51.7% against a median of 10.5%.
Weakest: Solidity: percentile 7 against peers, equity ratio 2.1% against a median of 22.7%. Liquidity: percentile 7 against peers, current ratio 0.61 against a median of 1.12.
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 2.1% (median 22.7%).
- Consider strengthening liquidity: current liabilities are 1.7 times current assets. Based on: current ratio 0.61 (median 1.12).
- What lies behind weak solidity, 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
VÅR ENERGI ASA had an operating margin of 51.7% and an equity ratio of 2.1% in 2025, and ranks 228 of 320 in Olje og gass.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 560 MUSD and 11,506 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 8,470 MUSD |
| EV/EBIT | 8.0 | 11,506 MUSD |
| P/B | 1.0 | 560 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 2.1% (median 22.7%).
- watch
Consider strengthening liquidity: current liabilities are 1.7 times current assets.
Based on: Current ratio 0.61 (median 1.12).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were −0.5% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.6%. 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 | 68 | weight 30% |
|---|---|---|
| Solidity | 7 | weight 25% |
| Liquidity | 7 | weight 15% |
| Growth | 56 | weight 15% |
| Consistency | 53 | weight 15% |
Durability: 38 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is VÅR ENERGI ASA?
The operating margin was 51.7% in 2025, against a median of 10.5% among large companies in the same sector. Return on assets was 16.0%.
How solid is VÅR ENERGI ASA?
The equity ratio was 2.1% in 2025 (median 22.7%). Debt-to-equity was 45.69 (median 3.12).
What is the liquidity of VÅR ENERGI ASA like?
The current ratio was 0.61 in 2025 (median 1.12). Current assets did not cover current liabilities.
How does VÅR ENERGI ASA compare in Olje og gass?
VÅR ENERGI ASA ranks 228 of 320 in Olje og gass for 2025. Among companies of the same size (large companies) it ranks 52 of 69. Revenue changed by 8.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 919160675
- Legal form
- ASA
- Sector
- Olje og gass (06.200)
- Size tier
- large
- Employees
- 1,489 registered 10 October 2026
- Founded
- 20 May 1965 61 years in operation
- Share capital
- 399.43 MNOK
- Business address
- Vestre Svanholmen 1, 4313 SANDNES
- Municipality
- Sandnes rank 4 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.varenergi.no
- LEI
- 549300LIVN3FFOJN2K47 renews 19 October 2027
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
- Nicholas John Robert Walker
- Chair of the board
- Thorhild Widvey
- Board member
- Liv Monica Bargem Stubholt
- Board member
- Ole Johan Gillebo
- Board member
- Fabio Ignazio Romeo
- Board member
- Francesco Gattei
- Board member
- Claudia Almadori
- Board member
- Francesca Rinaldi
- Board member
- Guido Brusco
- Board member
- Carl Anders Olof Kjörling
- Board member
- Lilli Sahlman Fagerdal
- Board member
- Aleksandra Hristova Uzunova
- Board member
- Finn Volrat Pettersen
- Deputy member
- Claudia Vignati
- Deputy member
- Fabio Castiglioni
- Deputy member
- Aina Eltervåg
- Deputy member
- Laura Vaiciulyte
- Deputy member
- Stian André Degerdal Sæthern
- Deputy member
- Terje Bondhus
- Deputy member
- Marie Guldbrandsen Westre
- Deputy member
- Astrid Nyborg Fossgård
- Deputy member
- Trond Myklebust
- Deputy member
- Henrik Østervoll Sjursen
- Deputy member
- Knut Ringstad Ytre-Hauge
- Deputy member
- Richard Johansen
- Deputy member
- Alexander Tveiten
- Deputy member
- Synne Nyvoll Olsen
- Auditor
- PRICEWATERHOUSECOOPERS AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Eni International B.V. (Netherlands)
- Ultimate parent
- ENI S.P.A. (Italy)
Foreign-owned according to GLEIF.
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 37 | 37 | 40 | |
| Rank | 227 | 248 | 228 | |
| Operating margin | 51.3% | 50.9% | 51.7% | |
| Return on assets | 18.2% | 17.3% | 16.0% | |
| Equity ratio | 9.2% | 3.8% | 2.1% | |
| Current ratio | 0.78 | 0.67 | 0.61 | |
| Revenue growth | – | 8.8% | 8.7% |
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 | 6,849.7 MUSD | 7,450.1 MUSD | 8,096.0 MUSD |
| Operating profit | 3,516.5 MUSD | 3,790.4 MUSD | 4,185.0 MUSD |
| Profit before tax | 3,356.9 MUSD | 3,313.1 MUSD | 4,307.0 MUSD |
| Net profit | 610.2 MUSD | 327.1 MUSD | 847.0 MUSD |
| Financial expenses | 159.6 MUSD | 477.3 MUSD | −122.0 MUSD |
| Total assets | 19,289.2 MUSD | 21,868.2 MUSD | 26,145.0 MUSD |
| Current assets | 1,658.8 MUSD | 1,266.8 MUSD | 1,764.0 MUSD |
| Equity | 1,768.0 MUSD | 832.5 MUSD | 560.0 MUSD |
| Retained earnings | 963.9 MUSD | 799.5 MUSD | 514.0 MUSD |
| Total liabilities | 17,521.2 MUSD | 21,035.7 MUSD | 25,585.0 MUSD |
| Current liabilities | 2,124.1 MUSD | 1,896.8 MUSD | 2,911.0 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6850982.
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