General Oceans ASA

General Oceans ASA

1.94
EUR
+0.05
(+2.75%)
0.03EPS
330.03MMarket Cap
Dec 02Next Earn
2023 Y
2024 Y
2025 Y
Revenue per Share
4.21
4.98
6.66
Basic EPS, GAAP
-0.38
0.2
0.86
Free Cash Flow per Basic Share
0.09
0.58
0.89
Dividend per Share
0.13
0.05
0.21
Book Value per Share
3.25
3.74
3.68
Tangible Book Value per Share
1.94
2.08
2.27
Basic Weighted Avg Shares
192
192
192
Sales/Revenue/Turnover
809
957
1,280
Operating Margin (%)
8.76
6.66
14.18
Depreciation Expense
50
60
65
Net Income, GAAP
-73
39
165
Effective Tax Rate (%)
- -
35.4
11.84
Profit Margin (%)
-8.97
4.09
12.89
Working Capital
355
282
292
LT Debt
194
116
70
Total Equity
625
718
708
Return on Invested Capital (%)
- -
4.66
16.73
Return on Capital (%)
- -
7.56
18.55
Return on Common Equity (%)
- -
5.83
23.15

Capital Structure

NOK

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

NOK

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
- -
-1.47%
Free Cash Flow
- -
- -
53.05%
Net Income, GAAP
- -
- -
321.32%
Sales/Revenue/Turnover
- -
- -
33.78%
Total Cash Common Dividend
- -
- -
300%

Quarterly Revenue

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
957
2025
342
308
- -
- -
1,280
2026
324
381
- -
- -
- -

Quarterly Earnings Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.2
2025
0.23
0.31
- -
- -
0.86
2026
0.16
0.34
- -
- -
- -

Quarterly Dividends Per Share

NOK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.05
2025
0.21
0.21
- -
- -
0.21
2026
0.12
- -
- -
- -
- -

Company Description

CEO
Atle Lohrmann
Full Time Employees
372
Sector
Electronic technology
Industry
Electronic equipment/Instruments
Address
Rud Norway
IPO Date
Mar 26, 2026
Business
General Oceans ASA is a Norway-based holding company that develops, manufactures, and provides ocean technology, underwater sensors, subsea robotics, and marine data systems worldwide. The company operates through two core business segments: Sensors & Systems and Robotics & Vehicles. Its comprehensive product and service portfolio includes acoustic Doppler current profilers (ADCPs) and Doppler velocity logs (DVLs) for underwater navigation, current measurement, and wave analysis under the Nortek brand; high-resolution side scan sonar systems and seabed mapping solutions for hydrographic surveying, maritime security, search and recovery, and mine countermeasures under the Klein Marine Systems brand; multibeam imaging sonars, mechanical scanning sonars, bathymetric profilers, subsea video cameras, and acoustic altimeters for remotely operated vehicles (ROVs) and autonomous underwater vehicles (AUVs) under the Tritech International brand; hybrid autonomous underwater and remotely operated robotic systems, including the SRS FUSION vehicle for defense, explosive ordnance disposal (EOD), and security operations under the Strategic Robotic Systems brand; multi-axis subsea electric robotic manipulators, grippers, and master controllers for intervention and inspection under the Reach Robotics brand; autonomous oceanographic profiling floats, biogeochemical profiling platforms, and ocean gliders for long-duration deep-sea research and climate monitoring under the MRV Systems brand; and marine environmental monitoring instrumentation, wave radar systems, acoustic sensors, and technical integration services under the RS Aqua brand. The company serves a diverse global client base across multiple sectors, including defense and naval security, offshore energy and renewables, scientific and oceanographic research institutions, environmental monitoring agencies, and marine civil engineering. General Oceans maintains international engineering, manufacturing, and operational facilities across Norway, the United Kingdom, the United States, and Australia, supported by an established distribution network across Europe, the Americas, Asia-Pacific, and the Middle East. The company was founded in 2021 by Atle Lohrmann and is headquartered in Rud, Norway, with corporate executive offices in London, United Kingdom. In recent corporate developments, General Oceans completed its initial public offering (IPO) and listed its ordinary shares on Euronext Oslo Børs under the ticker symbol GENO in March 2026 to accelerate its buy-and-build consolidation strategy in the global ocean technology market. In April 2026, the company acquired US-based MRV Systems, LLC, expanding its technological capabilities into autonomous ocean profiling vehicles and ocean observation platforms. This transaction followed the acquisition of UK-based ocean data and marine sensing specialist RS Aqua in 2024. The group continues to scale operations through sustained investments in cross-brand research and development, organic product portfolio expansion, and the integration of next-generation autonomous subsea robotic and acoustic sensor systems.