Suppliers to Staven Grus now deal with a firm holding NOK 9.6m in cash

STAVEN GRUS AS, a Norwegian limited company based in Myre, reported revenue of NOK 128m for 2025, up 47.0% from NOK 87.0m a year earlier. The result changed sign. Operating profit was NOK 11.8m against a loss of NOK 571k in 2024, and the operating margin moved to 9.2% from -0.7%. Net profit reached NOK 7.9m, where the previous year closed with a loss of NOK 1.6m. Cash rose to NOK 9.6m from NOK 4.5m, and the equity ratio improved to 41.3%.

Such a swing usually comes from higher volumes spreading fixed costs, from better prices, or from one-off items. Here the operating line moved first, which points to the business itself rather than to something below it. The accounts do not say which of these drove the change. Revenue in 2023 was NOK 94.5m, so 2025 is a recovery and a step up, not a smooth climb. I would watch whether the margin of 9.2% holds in a second year. One good year is a result, not yet a base.