Energeia AS

Energeia AS

OOSL:ENERG
7.60
NOK
-0.30
(-3.80%)
243.33MMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.74
4.08
13.47
11.92
11.33
5.74
- -
Basic EPS, GAAP
13.07
-1.7
0.64
-2.75
-6.03
-3.64
- -
Free Cash Flow per Basic Share
-14.31
-0.77
-9.73
1.81
-3.97
-4.41
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
5.19
2.95
21.17
19.77
14.04
12.09
10.29
Tangible Book Value per Share
5.19
2.73
13.15
11.91
7.55
8.83
6.67
Basic Weighted Avg Shares
6
6
6
6
6
9
3
Sales/Revenue/Turnover
16
24
79
71
68
53
- -
Operating Margin (%)
-82.41
-6.93
1.66
-33.05
-30.56
-62.45
- -
Depreciation Expense
2
4
12
15
14
15
- -
Net Income, GAAP
77
-10
4
-16
-36
-34
- -
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
476.98
-41.76
4.75
-23.12
-53.22
-63.49
- -
Working Capital
64
22
39
18
-3
19
4
LT Debt
70
111
76
72
71
67
66
Total Equity
31
17
125
118
83
111
97
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
-41.89
5.3
-13.56
-35.65
-34.54
- -

Capital Structure

NOK

•

in mil. unless spec.
Sep'24
Dec'24
Jun'25
ST Debt
3
10
- -
LT Borrowings
80
71
66
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
6
6
10
Market Capitalization
144
120
243

Working Capital

NOK

•

in mil. unless spec.
Sep'24
Dec'24
Jun'25
Total Current Assets
43
35
38
Cash, Cash Equivalents & STI
11
13
17
Accounts Receivable, Net
20
10
6
Inventories
9
8
7
Total Current Liabilities
27
38
34
Payables & Accruals
- -
- -
- -
ST Debt
3
10
- -
Deferred Revenue
- -
- -
- -

Growth Rates

NOK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
113.75%
33.71%
Free Cash Flow
- -
137.53%
72.94%
Net Income, GAAP
- -
-134.76%
-5.77%
Sales/Revenue/Turnover
- -
48.13%
-21.02%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

NOK

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
71
2024
- -
- -
68
2025
- -
- -
53

Semi-annual Earnings Per Share

NOK

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-2.75
2024
- -
- -
-6.03
2025
- -
- -
-3.64

Semi-annual Dividends Per Share

NOK

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
- -
2024
- -
- -
- -
2025
- -
- -
- -

Company Description

CEO
Jarl Egil Markussen
Full Time Employees
42
Sector
Utilities
Industry
Alternative power generation
Address
Oslo Norway
IPO Date
Dec 13, 2022
Business
Energeia AS operates as an independent power producer and renewable energy infrastructure developer specializing in utility-scale ground-mounted solar photovoltaic power plants and agrivoltaic solutions. Founded in 2010 and headquartered in Oslo, Norway, the company is publicly listed on the Euronext Growth Oslo exchange under the ticker symbol ENERG. The group structures its operations around the full lifecycle of solar power infrastructure, encompassing project origination, permitting, engineering, construction management, asset ownership, and long-term plant operations. Energeia AS specializes in dual-use agrivoltaic systems that co-locate solar electricity generation with agricultural activities, such as livestock grazing and crop cultivation, alongside integrated battery storage technologies. The company provides a systematic portfolio of products, services, and energy solutions across its Solar Development and Technical Services business units, including: utility-scale ground-mounted solar photovoltaic power plants; dual-use agrivoltaic installations combining clean power generation with agricultural land stewardship; co-located battery energy storage systems (BESS) designed for grid balancing and power optimization; engineering, procurement, and construction (EPC) management services; operations and maintenance (O&M) and technical asset management for solar installations; technical contracting, electrical system installation, heat pump deployment, and rooftop solar solutions through its Dutch operating subsidiary, ASN Installaties; and wholesale power generation delivered to regional power grids through government remuneration schemes and commercial power purchase agreements (PPAs). The company serves electric utilities, regional transmission system operators, industrial off-takers, agricultural landowners, and commercial and residential energy consumers across its primary operating markets in Norway and the Netherlands, with additional historical asset exposure in Italy. In recent developments, Energeia AS has advanced several strategic, regulatory, and corporate initiatives across its core markets. In June 2025, the company secured a major regulatory milestone with the award of a formal concession license from the Norwegian Water Resources and Energy Directorate (NVE) for the 46 MWp Seval Skog solar power and battery storage project, representing one of the largest permitted solar installations in Norway. The company has expanded its joint development alliances with industrial partners, including Hydro Rein and Eidsiva Energi, to accelerate the deployment of ground-mounted solar across the Nordic region. In 2025, the company executed capital measures, completing a subsequent equity offering to fund project development following major shareholder transactions involving Eidsiva Energi AS and Obligo Investment Management AS. Furthermore, Energeia AS explored consolidation opportunities within the Nordic renewable sector, concluding exploratory merger evaluations with developer Solgrid to focus execution on its proprietary development pipeline and cash-generating Dutch operating units.