Can the Elverum fire service repeat its NOK 9.9m profit?

Midt-Hedmark Brann- og Redningsvesen IKS, an inter-municipal fire and rescue service in Elverum, Norway, reported a net profit of NOK 9.9m for 2025. A year earlier it lost NOK 475k. Revenue grew 8.7% to NOK 103m, but the operating result moved by more than that: operating profit was NOK 8.3m, against a loss of NOK 2.4m in 2024. The operating margin reached 8.0% from a negative 2.5%. Revenue rose by NOK 8.2m, while operating profit improved by NOK 10.7m, so costs must have fallen as well.

The balance sheet moved the same way. Equity rose to NOK 36.0m from NOK 26.0m, the equity ratio reached 44.5%, and cash stood at NOK 39.1m. Net profit came out above operating profit, so something below the operating line added to the result. The accounts do not say what. The service also has a new managing director, a new board chair and several new board members, all changed in October 2026. I would not treat one profitable year as a new base. One surplus is a result, two would be a pattern.