)
North Energy (NORTH) investor relations material
North Energy Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net asset value (NAV) decreased to NOK 332.2 million, mainly due to a change in valuation principles for Wind Catching Systems (WCS).
Operating expenses reduced by 15% year-over-year, driven by lower payroll and administrative costs.
Comprehensive income for Q2 2026 was NOK 11.0 million, up from NOK 8.0 million in Q2 2025, primarily due to higher results from associates and lower expenses.
Dividend of NOK 0.13 per share (NOK 15.2 million total) was distributed in April 2026.
Financial highlights
Operating profit for Q2 2026 was NOK 12.4 million, compared to NOK 6.3 million in Q2 2025.
Net result from investments in associates was NOK 20.0 million, up from NOK 8.2 million year-over-year.
Negative change in fair value of financial investments of NOK 3.3 million, compared to a positive NOK 3.2 million last year.
Cash at quarter-end was NOK 73.0 million, down from NOK 108.9 million a year earlier.
Equity ratio at quarter-end was 73%, down from 83% in Q2 2025.
Outlook and guidance
Strategic plan targets annualized NAV per share growth of 15-20% for 2026-28, including dividends.
Shareholder distributions expected to increase towards the end of the plan period, with a 3% annual dividend policy maintained until then.
If NAV growth targets are not met, the Board may propose distributing net assets to shareholders.
High energy prices and increased spending on energy security are expected to benefit core investments.
- NAV up sequentially, Q1 loss deepens, and operating expenses sharply reduced.NORTH
Q1 2026 - NAV fell 11.7% YoY to NOK 515M; comprehensive loss was NOK 40.2M for 2025.NORTH
Q4 2025 - NAV fell 0.8% year-over-year to NOK 569.1m, with a Q3 loss driven by weaker financial markets.NORTH
Q3 2025 - NAV up 6.2% to NOK 589.0m, strong cash, key investments progress, risks persist.NORTH
Q2 2025 - NAV up 37% YoY, Q3 income NOK 37.1m, strong Reach Subsea and WCS progress.NORTH
Q3 2024 - NAV up 23% sequentially, but Q2 loss driven by negative investment revaluations.NORTH
Q2 2024 - NAV up 19% year-over-year, but Q1 loss driven by higher costs and lower investment returns.NORTH
Q1 2025 - NAV up 54.4% YoY, strong portfolio gains, major wind grant, 98% equity ratio.NORTH
Q4 2024
Next North Energy earnings date
Next North Energy earnings date
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
)
)