CERMAQ NORWAY AS
Score · fiscal year 2025
55of 100
How to read this: the company is ahead of 62 % of large companies in the same sector in 2025. What does this mean?
Rank: 1,309 of 3,375 · Sjømat
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 86 and solidity 27 out of 100 among large companies in the same sector in 2025. Methodology
Against the sector
CERMAQ NORWAY AS is 5 points above the median for large companies in the same sector in 2025.
Median score 50 among 75 companies.
Against large companies in the same sector in 2025: operating margin 12.4% (median 5.1%) and equity ratio 27.4% (median 40.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 6,446 MNOK | 1,826 MNOK |
| Operating margin | 12.4% | 5.1% |
| Profit margin | 16.9% | 3.9% |
| Return on assets | 19.9% | 5.1% |
| Equity ratio | 27.4% | 40.5% |
| Debt-to-equity | 2.65 | 1.47 |
| Current ratio | 0.40 | 1.37 |
| Revenue growth | 23.7% | 7.5% |
| Revenue per employee | 5.14 MNOK | 11.76 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 55, CERMAQ NORWAY AS does better than 62% of large companies in the same sector (75 companies) in 2025.
Score 2024–2026
- CERMAQ NORWAY AS
- Median: large companies in the same sector
CERMAQ NORWAY AS has a score of 55 for 2025, rank 1,309 of 3,375 in the sector.
Strongest: Profitability: percentile 86 against peers, operating margin 12.4% against a median of 5.1%. Growth: percentile 83 against peers, revenue growth 23.7% against a median of 7.5%.
Weakest: Liquidity: percentile 12 against peers, current ratio 0.40 against a median of 1.37. Solidity: percentile 27 against peers, equity ratio 27.4% against a median of 40.5%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 2.5 times current assets. Based on: current ratio 0.40 (median 1.37).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 23.7% (median 7.5%); current ratio 0.40 (median 1.37).
- 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
CERMAQ NORWAY AS had an operating margin of 12.4% and an equity ratio of 27.4% in 2025, and ranks 1,309 of 3,375 in Sjømat.
From 2024 to 2025: the operating margin fell from 26.4% to 12.4% and revenue grew by 24%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1,637 MNOK and 9,859 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 9,859 MNOK |
| EV/EBIT | 8.0 | 5,934 MNOK |
| P/B | 1.0 | 1,637 MNOK |
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
- critical
Consider strengthening liquidity: current liabilities are 2.5 times current assets.
Based on: Current ratio 0.40 (median 1.37).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 23.7% (median 7.5%); Current ratio 0.40 (median 1.37).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
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 −1.7%. 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 | 86 | weight 30% |
|---|---|---|
| Solidity | 27 | weight 25% |
| Liquidity | 12 | weight 15% |
| Growth | 83 | weight 15% |
| Consistency | 50 | weight 15% |
Durability: 55 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is CERMAQ NORWAY AS?
The operating margin was 12.4% in 2025, against a median of 5.1% among large companies in the same sector. Return on assets was 19.9%.
How solid is CERMAQ NORWAY AS?
The equity ratio was 27.4% in 2025 (median 40.5%). Debt-to-equity was 2.65 (median 1.47).
What is the liquidity of CERMAQ NORWAY AS like?
The current ratio was 0.40 in 2025 (median 1.37). Current assets did not cover current liabilities.
How does CERMAQ NORWAY AS compare in Sjømat?
CERMAQ NORWAY AS ranks 1,309 of 3,375 in Sjømat for 2025. Among companies of the same size (large companies) it ranks 29 of 75. Revenue changed by 23.7% from the year before.
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.
- 961922976
- Legal form
- AS · part of a group
- Sector
- Sjømat (03.211)
- Size tier
- large
- Employees
- 1,254 registered 10 October 2026
- Founded
- 15 August 1991 35 years in operation
- Share capital
- 5.44 MNOK
- Business address
- 8286 NORDFOLD (STEIGEN)
- Municipality
- Steigen rank 6–19 of 28 in KOSTRA group 6
- Latest accounts filed
- 2026
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
- John Gunnar Glørstad
- Chair of the board
- Axel Ranang Gustavsen
- Board member
- Silvia Segnini
- Board member
- Snorre Jonassen
- Auditor
- DELOITTE 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 28 October 2026.
Year by year · 2024–2026
| Key figure | 2024 | 2025 | 2026 | Trend |
|---|---|---|---|---|
| Index | 56 | 55 | 33 | |
| Rank | 1,183 | 1,309 | 4 | |
| Operating margin | 26.4% | 12.4% | 12.3% | |
| Return on assets | 28.0% | 19.9% | 10.5% | |
| Equity ratio | 36.3% | 27.4% | 34.2% | |
| Current ratio | 0.76 | 0.40 | 0.63 | |
| Revenue growth | – | 23.7% | 4.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating revenue | 5,212.3 MNOK | 6,446.3 MNOK | 6,702.3 MNOK |
| Operating profit | 1,377.0 MNOK | 797.5 MNOK | 821.3 MNOK |
| Profit before tax | 1,539.1 MNOK | 1,087.2 MNOK | 766.6 MNOK |
| Net profit | 1,406.9 MNOK | 985.9 MNOK | 633.3 MNOK |
| Financial expenses | 67.0 MNOK | 102.7 MNOK | 120.2 MNOK |
| Total assets | 5,730.9 MNOK | 5,978.0 MNOK | 8,476.3 MNOK |
| Current assets | 2,299.2 MNOK | 1,455.2 MNOK | 3,010.3 MNOK |
| Equity | 2,079.7 MNOK | 1,636.8 MNOK | 2,902.5 MNOK |
| Retained earnings | 1,860.6 MNOK | 1,417.7 MNOK | 2,683.4 MNOK |
| Total liabilities | 3,651.2 MNOK | 4,341.2 MNOK | 5,573.8 MNOK |
| Current liabilities | 3,006.1 MNOK | 3,642.1 MNOK | 4,777.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6330017.
Further
Similar companies
- SINKABERG NT145 AS index 55, rank 1,302 · compare
- JANGAARD EXPORT AS index 53, rank 1,385 · compare
- KARLSØYBRUKET AS index 53, rank 1,415 · compare
- FRØY KAPITAL AS index 53, rank 1,437 · compare
- MOWI SEAWATER NORWAY AS index 53, rank 1,442 · compare