Havila Pollux AS
Score · fiscal year 2025
36of 100
How to read this: the company is ahead of 19 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 334 of 414 · What are Morning company classes?
Place in the whole sector: 780 of 1,003 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 76 and solidity 3 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Havila Pollux AS is 13 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 49 among 414 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 76.3% (median 22.1%) and equity ratio 0.2% (median 42.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 181 MNOK | 124 MNOK |
| Operating margin | 76.3% | 22.1% |
| Profit margin | 5.0% | 12.9% |
| Return on assets | 10.5% | 9.4% |
| Equity ratio | 0.2% | 42.3% |
| Debt-to-equity | 524.72 | 1.32 |
| Current ratio | 0.12 | 1.51 |
| Revenue growth | 0.0% | 1.3% |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 36, Havila Pollux AS does better than 19% of companies in the Morning class Medium in the same sector (414 companies) in 2025.
Score 2023–2025
- Havila Pollux AS
- Median: companies in the Morning class Medium in the same sector
Havila Pollux AS has a score of 36 for 2025, rank 780 of 1,003 in the sector.
Strongest: Profitability: percentile 76 against peers, operating margin 76.3% against a median of 22.1%.
Weakest: Liquidity: percentile 3 against peers, current ratio 0.12 against a median of 1.51. Solidity: percentile 3 against peers, equity ratio 0.2% against a median of 42.3%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 8.2 times current assets. Based on: current ratio 0.12 (median 1.51).
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 0.2% (median 42.3%).
- What lies behind weak solidity, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Havila Pollux AS had an operating margin of 76.3% and an equity ratio of 0.2% in 2025, and ranks 780 of 1,003 in Sjøfart.
From 2024 to 2025: went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 4 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 8.5 | 4 MNOK |
| EV/EBIT | 10.3 | debt above value |
| P/B | 1.0 | 1 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- critical
Consider strengthening liquidity: current liabilities are 8.2 times current assets.
Based on: Current ratio 0.12 (median 1.51).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 0.2% (median 42.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 9.9% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 76 | weight 30% |
|---|---|---|
| Solidity | 3 | weight 25% |
| Liquidity | 3 | weight 15% |
| Growth | 45 | weight 15% |
| Consistency | 38 | weight 15% |
Durability: 36 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Havila Pollux AS?
The operating margin was 76.3% in 2025, against a median of 22.1% among companies in the Morning class Medium in the same sector. Return on assets was 10.5%.
How solid is Havila Pollux AS?
The equity ratio was 0.2% in 2025 (median 42.3%). Debt-to-equity was 524.72 (median 1.32).
What is the liquidity of Havila Pollux AS like?
The current ratio was 0.12 in 2025 (median 1.51). Current assets did not cover current liabilities.
How does Havila Pollux AS compare in Sjøfart?
Havila Pollux AS ranks 780 of 1,003 in Sjøfart for 2025. Among companies in the Morning class Medium it is number 334 of 414. Revenue changed by 0.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 931140892
- Legal form
- AS
- Sector
- Sjøfart (50.102)
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 2 January 2023 3 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Mjølstadnesvegen 24, 6092 FOSNAVÅG (HERØY)
- Municipality
- Herøy (Møre og Romsdal) rank 5–23 of 40 in KOSTRA group 1
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Havila Kystruten Operations AS (100%)
Ultimate owner: Havila Holding AS
The owner: the majority owner Havila Kystruten Operations AS (holds 100%) had negative equity in 2025. made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Havila Kystruten Operations AS · 100.0%
The company is new in the shareholder register in 2025.
Holds shares in: HK Crew AS (0%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 24 | 47 | 36 | |
| Rank | 772 | 528 | 780 | |
| Operating margin | 78.4% | 75.7% | 76.3% | |
| Return on assets | 5.1% | 12.3% | 10.5% | |
| Equity ratio | −0.1% | −0.5% | 0.2% | |
| Current ratio | 0.00 | – | 0.12 | |
| Revenue growth | – | 140.0% | 0.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 75.2 MNOK | 180.6 MNOK | 180.6 MNOK |
| Operating profit | 59.0 MNOK | 136.7 MNOK | 137.8 MNOK |
| Profit before tax | −1.3 MNOK | −4.4 MNOK | 9.1 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.8 MNOK |
| Net profit | −1.3 MNOK | −4.4 MNOK | 8.3 MNOK |
| Financial expenses | 60.3 MNOK | 141.1 MNOK | 139.6 MNOK |
| Total assets | 1,154.0 MNOK | 1,110.1 MNOK | 1,414.3 MNOK |
| Current assets | 0.0 MNOK | 0.0 MNOK | 4.5 MNOK |
| Equity | −1.3 MNOK | −5.7 MNOK | 2.7 MNOK |
| Retained earnings | −1.3 MNOK | −5.7 MNOK | 2.7 MNOK |
| Total liabilities | 1,155.2 MNOK | 1,115.7 MNOK | 1,411.6 MNOK |
| Current liabilities | 256.0 MNOK | 0.0 MNOK | 36.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7159611.
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