{
"documentInfo": {
"documentType": "https://xbrl.org/2021/xbrl-json",
"features": {
"xbrl:canonicalValues": true
},
"namespaces": {
"Endur_ASA": "https://www.endur.no/esef/2025-12-31",
"ifrs-full": "https://xbrl.ifrs.org/taxonomy/2024-03-27/ifrs-full",
"iso4217": "http://www.xbrl.org/2003/iso4217",
"scheme": "http://standards.iso.org/iso/17442",
"xbrl": "https://xbrl.org/2021",
"xbrli": "http://www.xbrl.org/2003/instance"
},
"taxonomy": [
"https://www.endur.no/esef/2025-12-31/5967007LIEEXZXIIHC31-2025-12-31.xsd"
]
},
"facts": {
"v1-page3-cflshid_333-tag450889": {
"value": "End\u00far ASA (XOSL: ENDUR) is a leading Scandinavian contractor headquartered in Lysaker and listed on the Oslo Stock Exchange. The company specializes in critical infrastructure; including bridges, quays, tunnels, dams, and land-based aquaculture. Operating as a disciplined serial acquirer (compounder), the group utilizes a decentralized model that grants subsidiaries high autonomy to preserve their technical expertise and local market positions. End\u00far drives long-term value through organic growth, strategic platform acquisitions and targeted bolt-ons in fragmented niche markets.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"shtag_450979": {
"value": "6397800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RevenueFromContractsWithCustomers",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450980": {
"value": "2766900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RevenueFromContractsWithCustomers",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450981": {
"value": "18700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherRevenue",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450982": {
"value": "20500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherRevenue",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450983": {
"value": "6416500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450984": {
"value": "2787400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Revenue",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450985": {
"value": "4115000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RawMaterialsAndConsumablesUsed",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450986": {
"value": "1353200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RawMaterialsAndConsumablesUsed",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450987": {
"value": "1136800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EmployeeBenefitsExpense",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450988": {
"value": "726800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EmployeeBenefitsExpense",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450989": {
"value": "333300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450990": {
"value": "221600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450991": {
"value": "509300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherExpenseByNature",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450992": {
"value": "339100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherExpenseByNature",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450993": {
"value": "6094500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OperatingExpense",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450994": {
"value": "2640700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OperatingExpense",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450995": {
"value": "322000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450996": {
"value": "146700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450997": {
"value": "20400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450998": {
"value": "5700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_450999": {
"value": "175000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451000": {
"value": "97200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceCosts",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451001": {
"value": "-154700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceIncomeCost",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451002": {
"value": "-91500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:FinanceIncomeCost",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451003": {
"value": "167300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451004": {
"value": "55100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451005": {
"value": "32900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451006": {
"value": "11600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451007": {
"value": "134400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451008": {
"value": "43500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451009": {
"value": "133800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451010": {
"value": "43400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451011": {
"value": "700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451012": {
"value": "100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451013": {
"value": "134400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451014": {
"value": "43500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451260": {
"value": "2.8",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"shtag_451261": {
"value": "1.18",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"shtag_451262": {
"value": "2.75",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"shtag_451263": {
"value": "1.16",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"shtag_451015": {
"value": "134400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451016": {
"value": "43500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451017": {
"value": "21600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451018": {
"value": "5800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationNetOfTax",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451019": {
"value": "21600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451020": {
"value": "5800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451021": {
"value": "156100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451022": {
"value": "49200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451023": {
"value": "155400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451024": {
"value": "49200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451025": {
"value": "700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451026": {
"value": "100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451027": {
"value": "156100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451028": {
"value": "49200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451029": {
"value": "2756800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsAndGoodwill",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451030": {
"value": "1352900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsAndGoodwill",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451031": {
"value": "441300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451032": {
"value": "443500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451033": {
"value": "468400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RightofuseAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451034": {
"value": "316200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RightofuseAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451035": {
"value": "14900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentFinancialAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451036": {
"value": "12000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentFinancialAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451037": {
"value": "28900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentNonfinancialAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451038": {
"value": "27800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentNonfinancialAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451039": {
"value": "3710300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451040": {
"value": "2152400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451041": {
"value": "79800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Inventories",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451042": {
"value": "55500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Inventories",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451043": {
"value": "178400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentContractAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451044": {
"value": "157600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentContractAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451045": {
"value": "1064200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentReceivables",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451046": {
"value": "498100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentReceivables",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451047": {
"value": "1280400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451048": {
"value": "192500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451049": {
"value": "2602800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451050": {
"value": "903700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451051": {
"value": "6313100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451052": {
"value": "3056100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451053": {
"value": "25200000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssuedCapitalAndTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451054": {
"value": "18300000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssuedCapitalAndTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451055": {
"value": "2319200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherEquityInterest",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451056": {
"value": "1214000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherEquityInterest",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451057": {
"value": "3300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451058": {
"value": "2100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451059": {
"value": "2347600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451060": {
"value": "1234400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451061": {
"value": "147400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451062": {
"value": "70800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451063": {
"value": "914600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451064": {
"value": "541100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451065": {
"value": "332900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentLeaseLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451066": {
"value": "230300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentLeaseLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451067": {
"value": "4100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451068": {
"value": "61100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451069": {
"value": "1399000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451070": {
"value": "903300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451071": {
"value": "155100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451072": {
"value": "118000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherCurrentBorrowingsAndCurrentPortionOfOtherNoncurrentBorrowings",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451073": {
"value": "156000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentLeaseLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451074": {
"value": "97500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentLeaseLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451075": {
"value": "1738800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayables",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451076": {
"value": "624600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayables",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451077": {
"value": "54900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451078": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451079": {
"value": "361700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentContractLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451080": {
"value": "78200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentContractLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451081": {
"value": "100000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherCurrentFinancialLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451082": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherCurrentFinancialLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451083": {
"value": "2566500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451084": {
"value": "918300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451085": {
"value": "3965500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Liabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451086": {
"value": "1821700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Liabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451087": {
"value": "6313100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451088": {
"value": "3056100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451089": {
"value": "134400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451090": {
"value": "43500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451091": {
"value": "254100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationExpense",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451092": {
"value": "178800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationExpense",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451093": {
"value": "79100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForAmortisationExpense",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451094": {
"value": "42400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForAmortisationExpense",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451095": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451096": {
"value": "400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipment",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451097": {
"value": "32900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncomeTaxExpense",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451098": {
"value": "11600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncomeTaxExpense",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451099": {
"value": "-0.0",
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451100": {
"value": "2600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451101": {
"value": "2100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsForNoncashItems",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451102": {
"value": "1800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsForNoncashItems",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451103": {
"value": "13100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451104": {
"value": "5100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451105": {
"value": "20400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451106": {
"value": "5700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451107": {
"value": "175000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceCosts",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451108": {
"value": "97200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForFinanceCosts",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451109": {
"value": "99500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451110": {
"value": "79900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451111": {
"value": "309900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451112": {
"value": "45100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451113": {
"value": "-24300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451114": {
"value": "-8100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451115": {
"value": "-25500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInContractAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451116": {
"value": "-48100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInContractAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451117": {
"value": "35000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInContractLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451118": {
"value": "62500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInContractLiabilities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451119": {
"value": "1038800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451120": {
"value": "493600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451121": {
"value": "66600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451122": {
"value": "58300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451123": {
"value": "21100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451124": {
"value": "15100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451125": {
"value": "1800000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:InflowFromNoncurrentReceivables",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451126": {
"value": "3300000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:InflowFromNoncurrentReceivables",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451127": {
"value": "2100000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:OutflowFromNoncurrentReceivables",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451128": {
"value": "10300000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:OutflowFromNoncurrentReceivables",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451129": {
"value": "-0.0",
"dimensions": {
"concept": "ifrs-full:OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451130": {
"value": "11300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherCashPaymentsToAcquireEquityOrDebtInstrumentsOfOtherEntitiesClassifiedAsInvestingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451131": {
"value": "278600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451132": {
"value": "20200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451133": {
"value": "-324400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451134": {
"value": "-81700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451135": {
"value": "364600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProceedsFromIssuingShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451136": {
"value": "2500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProceedsFromIssuingShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451137": {
"value": "26000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451138": {
"value": "11400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451139": {
"value": "1002100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451140": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451141": {
"value": "705500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfNoncurrentBorrowings",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451142": {
"value": "119600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfNoncurrentBorrowings",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451143": {
"value": "2900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfCurrentBorrowings",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451144": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfCurrentBorrowings",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451145": {
"value": "79000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451146": {
"value": "88000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451147": {
"value": "163800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451148": {
"value": "96800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451149": {
"value": "389400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451150": {
"value": "-313400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451151": {
"value": "-16000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451152": {
"value": "-9400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451153": {
"value": "1087900000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451154": {
"value": "89200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451155": {
"value": "192500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451156": {
"value": "103200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451157": {
"value": "1280400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451158": {
"value": "192500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451159": {
"value": "15500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RestrictedCashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451160": {
"value": "15200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:RestrictedCashAndCashEquivalents",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451161": {
"value": "18400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451162": {
"value": "-100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451163": {
"value": "1162700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451164": {
"value": "7700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451165": {
"value": "28800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451166": {
"value": "14700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451167": {
"value": "1232300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451168": {
"value": "2100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451169": {
"value": "1234400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451170": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451171": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451172": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451173": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451174": {
"value": "133800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451175": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451176": {
"value": "133800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451177": {
"value": "700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451178": {
"value": "134400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451179": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451180": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451181": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451182": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451183": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451184": {
"value": "21600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451185": {
"value": "21600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451186": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451187": {
"value": "21600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451188": {
"value": "-0.0",
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451189": {
"value": "200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451190": {
"value": "-0.0",
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451191": {
"value": "-0.0",
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451192": {
"value": "35600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451193": {
"value": "-0.0",
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451194": {
"value": "35800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451195": {
"value": "-0.0",
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451196": {
"value": "35800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451197": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451198": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451199": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451200": {
"value": "900000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451201": {
"value": "3600000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451202": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451203": {
"value": "4500000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451204": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451205": {
"value": "4500000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451206": {
"value": "4100000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451207": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451208": {
"value": "611000000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451209": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451210": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451211": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451212": {
"value": "615100000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451213": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451214": {
"value": "615100000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451215": {
"value": "2800000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451216": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451217": {
"value": "361800000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451218": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451219": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451220": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451221": {
"value": "364500000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451222": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451223": {
"value": "364500000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451224": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451225": {
"value": "100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451226": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451227": {
"value": "-3000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451228": {
"value": "14700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451229": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451230": {
"value": "11800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451231": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451232": {
"value": "11800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451233": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451234": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451235": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451236": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451237": {
"value": "-3600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451238": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451239": {
"value": "-3600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451240": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451241": {
"value": "-3600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451242": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451243": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451244": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451245": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451246": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451247": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451248": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451249": {
"value": "500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451250": {
"value": "500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451251": {
"value": "25300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451252": {
"value": "-200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451253": {
"value": "2135500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451254": {
"value": "5500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451255": {
"value": "141800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451256": {
"value": "36400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451257": {
"value": "2344400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451258": {
"value": "3300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451259": {
"value": "2347600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451264": {
"value": "18400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451265": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451266": {
"value": "1160400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451267": {
"value": "4000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451268": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451269": {
"value": "9000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451270": {
"value": "1191700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451271": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451272": {
"value": "1191700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451273": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451274": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451275": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451276": {
"value": "0.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451277": {
"value": "43300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451278": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451279": {
"value": "43400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451280": {
"value": "100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451281": {
"value": "43500000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451282": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451283": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451284": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451285": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451286": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451287": {
"value": "5800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451288": {
"value": "5800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451289": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451290": {
"value": "5800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451291": {
"value": "-0.0",
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451292": {
"value": "200000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451293": {
"value": "-0.0",
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451294": {
"value": "-0.0",
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451295": {
"value": "20400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451296": {
"value": "-0.0",
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451297": {
"value": "20600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451298": {
"value": "-0.0",
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451299": {
"value": "20600000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451300": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451301": {
"value": "100000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451302": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451303": {
"value": "1800000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451304": {
"value": "8100000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451305": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451306": {
"value": "10000000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451307": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451308": {
"value": "10000000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:SaleOrIssueOfTreasurySharesThroughBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451309": {
"value": "100000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451310": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451311": {
"value": "2400000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451312": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451313": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451314": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451315": {
"value": "2400000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451316": {
"value": "0.0",
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451317": {
"value": "2400000.0",
"decimals": -5,
"dimensions": {
"concept": "Endur_ASA:IssueOfEquityOtherThanBusinessCombinations",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451318": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451319": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451320": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451321": {
"value": "1800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451322": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451323": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451324": {
"value": "1800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451325": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451326": {
"value": "1800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughSharebasedPaymentTransactions",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451327": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451328": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451329": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451330": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451331": {
"value": "-2300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451332": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451333": {
"value": "-2300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451334": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451335": {
"value": "-2300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughTransfersAndOtherChangesEquity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451336": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451337": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451338": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451339": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451340": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451341": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451342": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451343": {
"value": "2000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451344": {
"value": "2000000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"shtag_451345": {
"value": "18400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:IssuedCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451346": {
"value": "-100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:TreasurySharesMember",
"unit": "iso4217:NOK"
}
},
"shtag_451347": {
"value": "1162700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:SharePremiumMember",
"unit": "iso4217:NOK"
}
},
"shtag_451348": {
"value": "7700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:AdditionalPaidinCapitalMember",
"unit": "iso4217:NOK"
}
},
"shtag_451349": {
"value": "28800000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451350": {
"value": "14700000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"shtag_451351": {
"value": "1232300000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"shtag_451352": {
"value": "2100000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"shtag_451353": {
"value": "1234400000.0",
"decimals": -5,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"v1-page82-cflshid_34929-tag450890": {
"value": "NOTE 1:
CORPORATE INFORMATION
End\u00far ASA is a public limited liability company based in Norway and was founded on 22 May 2007. The Company\u2019s registered office is at Strandveien 17, 1366 Lysaker, Norway. These consolidated financial statements comprise the Company and its subsidiaries (collectively the \u201cGroup\u201d and individually \u201cGroup companies\u201d). End\u00far ASA is listed on Oslo Stock Exchange with the ticker ENDUR.
The consolidated accounts are presented in NOK, which is also the functional currency of the parent company. The accounts of foreign operations with a different functional currency, income statement items are converted at the average exchange rates per month. Assets and liabilities are converted at the exchange rate in effect on the balance sheet date. Financial information is stated in NOK million, unless otherwise specified. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page82-cflshid_34985-tag450903": {
"value": "End\u00far ASA ",
"dimensions": {
"concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page82-cflshid_34986-tag450891": {
"value": "End\u00far ASA",
"dimensions": {
"concept": "ifrs-full:NameOfUltimateParentOfGroup",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page82-cflshid_34986-tag450892": {
"value": "End\u00far ASA",
"dimensions": {
"concept": "ifrs-full:NameOfParentEntity",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page82-cflshid_34985-tag450893": {
"value": "public limited liability company",
"dimensions": {
"concept": "ifrs-full:LegalFormOfEntity",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page82-cflshid_34996-tag450894": {
"value": "Norway",
"dimensions": {
"concept": "ifrs-full:CountryOfIncorporation",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page82-cflshid_34996-tag450895": {
"value": "Norway",
"dimensions": {
"concept": "ifrs-full:DomicileOfEntity",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page82-cflshid_34985-tag450896": {
"value": "Strandveien 17, 1366 Lysaker, Norway",
"dimensions": {
"concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page82-cflshid_34929-tag450902": {
"value": "NOTE 2:ACCOUNTING PRINCIPLES
DECLARATION OF CONFORMITY
The consolidated financial statements of the End\u00far Group have been prepared in accordance with IFRS\u00ae Accounting Standards as adopted by the EU (IFRS) and associated interpretations, and also the additional Norwegian information requirement pursuant to the Norwegian Accounting Act, and that are applicable as at 31 December 2025. The consolidated accounts are for the period 01.01.2025 until 31.12.2025. The proposed annual accounts were adopted by the Board of Directors on 22 April 2026. The annual accounts will be dealt with by the Ordinary General Meeting in May 2026 for final approval.The consolidated financial statements have been prepared based on historical cost, with the exemption of financial instruments at fair value.
The consolidated accounts are presented in NOK, which is also the functional currency of the parent company. The accounts of foreign operations with a different functional currency, income statement items are converted at the average exchange rates per month. Assets and liabilities are converted at the exchange rate in effect on the balance sheet date. Financial information is stated in NOK million, unless otherwise specified. ACCOUNTING ESTIMATES
Preparation of the annual accounts in accordance with IFRS Accounting Standards includes
valuations, estimates and assumptions that influence both the choice of accounting principles applied and reported amounts for assets, obligations, income and expenses. During preparation of the annual accounts, the management has used estimates based on best judgement and assumptions that are considered realistic based on historical experience. Actual amounts may differ from estimated amounts. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.Information about judgements made in applying accounting policies that have the most significant effects on the amounts recognised in the consolidated financial statements is included in the following notes:
Whether revenue is recognized over time or at a point in time. Identification of performance obligations in customer contracts. The percentage of completion method is used to recognize earned revenue for construction projects, based on incurred costs as a proportion of estimated total project costs.
Assumptions and estimation uncertainties
Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment in the year to come is included in the following notes:
Recognition of deferred tax assets; availability of future taxable profit against which carry forward tax losses can be used.
Impairment test: key assumptions underlying recoverable amounts.
Recognition and measurement of provisions and contingencies; key assumptions about the likelihood and magnitude of an outflow of resources.
Climate change
End\u00far is exposed to both risks and opportunities arising from climate change, including physical risks, such as extreme weather events that may impact operations and project timelines, and transition risks, including regulatory changes and evolving market expectations. While no immediate material financial effects have been identified, climate-related developments may influence investment needs, cost structures, and long-term market dynamics in both Infrastructure and Aquaculture.
As of year-end, climate-related risks have been considered in:
\u25aaUseful life of long-term assets (Note 11): Future regulatory requirements and contractual expectations may affect the replacement timeline for certain machinery and equipment. However, the availability of viable, lower-emission alternatives from market suppliers remains a key factor in determining timing and feasibility.
\u25aaImpairment assessments (Note 12): Climate risks have been evaluated, particularly regarding potential regulatory shifts, market demand changes, and investment needs within Infrastructure and Aquaculture. Climate-related risks have been reflected in forecasted
figures through conservative margin assumptions and adjustments to future capital expenditure needs to account for regulatory uncertainty, potential cost increases and the need to update renew our machinery and equipment. CHANGES IN ACCOUNTING PRINCIPLES AND NEW PRONOUNCEMENTS
End\u00far has not implemented any new accounting standards or otherwise made any significant changes to accounting policies during 2025. None of the issued, not yet effective, accounting standards or amendments to such standards are expected to have significant effects for End\u00far\u2019s financial reporting. IFRS 18 Presentation and Disclosure in Financial Statements was issued in 2024 and is effective for annual periods beginning on or after 1 January 2027. The standard introduces new requirements for the presentation and classification of items in the statement of profit or loss, including defined categories and subtotals.
Based on a preliminary assessment, the Group expects that the implementation of IFRS 18 will primarily affect the presentation and classification of items in the statement of profit or loss, including the classification of certain financial items. The Group does not expect the standard to have a material impact on the measurement of profit, equity or cash flows.
NOTE 5:REVENUE FROM CONTRACTS WITH CUSTOMERS
The majority of the Group\u2019s revenues, in the infrastructure and Aquaculture solutions segment, stem from projects based on Norwegian Standard Contracts (NS) for construction works. Payments may be based on fixed totals with milestone instalments, cost-plus or quantity-based unit prices. The latter two are typically billed monthly. Revenues are typically due for payment within 30 days after the billing date, while end invoices typically are due for payment within 60 days. Cost-plus and construction contracts based on percentage of completion method constitutes the majority of production in these segments. For revenue from projects defined as over time, End\u00far primarily uses the stage of completion method, based on the estimated final contribution margins. Revenue is reported in line with actual production progress, based on degree of completion. The
revenue recognition for variation orders and disputed claims with a high level of uncertainty is based on assessments of the highly probable outcome of the claim and elements that can be measured reliably.The contracts may include variable compensation in the form of bonus/malus mechanisms within target price contracts. Such compensation components are recognized in the accounts based on probability assessments and the percentage of completion method. As of the end of 2025, the extent of such variable compensation remains very limited.
Revenue in the Other segment stem mainly form service and maintenance contracts, typically with a large amount of smaller work orders. This implies that revenue mainly is recognized as point in time with limited use of stage of completion calculations.The Group is required to have a pension scheme in accordance with the Norwegian law on required occupational pension schemes (\u201dlov om obligatorisk tjenestepensjon\u201d). The Group\u2019s pension arrangements fulfil the law requirements.
The Group mainly has defined contribution pension schemes that are recognized in the
income statement as contributions are made to the scheme. Some group companies also have an early retirement scheme (AFP) in the LO-NHO area which gives a lifelong contribution to the ordinary pension. The employees can choose to exercise the AFP-scheme starting at the age of 62 years, also in combination with continued work until they turn 67 years old. The AFP-scheme is a defined benefit multi-employer plan, of which is financed through contributions that are determined by a percentage of the employee\u2019s earnings between 1G and 7.1G. The AFP scheme is accounted for as a defined contribution pension scheme, as the scheme\u2019s administrator is not able to make the necessary calculation of obligations, assets and pension earnings for each member enterprise. Consequently, the premium and contributions will be recognized in the income statement as they arise. However, an obligation is calculated for employees who have chosen to take early retirement. These are defined as active AFPs, and the obligation is equivalent to the employer\u2019s contribution in the period from when they take early retirement until they reach 67 years of age. The obligation is recognized in the consolidated accounts under other non-current liabilities. In a previous AFP scheme, there was an under coverage. The company have accrued for the expected cost related to this under coverage.
NOTE 10: INTANGIBLE ASSETS
Intangible assets that have been acquired separately are carried at cost. The costs of intangible assets acquired through an acquisition are recognised at their fair value in the Group\u2019s opening balance sheet. Capitalised intangible assets are recognised at cost less any amortization and impairment losses. Intangible assets with a definite economic life are amortised over their economic life and tested for impairment if there are any indications. The amortization method and period are assessed at least once a year. Changes to the amortization method and/or period are accounted for as a change in estimate.
Internally generated intangible assets, excluding capitalised development costs, are not capitalised but are expensed as occurred.
The economic life is either definite or indefinite. Intangible assets with an indefinite economic life and goodwill are tested for impairment at least once a year, either individually or as a part of a cash-generating unit. Intangible assets with an indefinite economic life and goodwill are not amortised. The economic life is assessed annually with regard to whether the assumption of an indefinite economic life can be justified. If it cannot, the change to a definite economic life is made prospectivelyNOTE 11: PROPERTY, PLANT AND EQUIPMENT
Property plant and equipment are valued at their cost less accumulated depreciation and impairment losses. When assets are sold or disposed of, the carrying amount is derecognised and any gain or loss is recognised in the statement of comprehensive income.The cost of property plant and equipment is the purchase price, including taxes/duties and costs directly linked to preparing the asset ready for its intended use. Costs incurred after the asset is in use, such as regular maintenance costs, are recognised in the statement of comprehensive income, while other costs that are expected to provide future financial benefits are capitalised.
The depreciation period and method are assessed each year. A residual value and useful life is estimated at each year-end, and changes to the estimated residual value and useful life are recognised as a change in an estimate.
Considerations of climate effects in estimating the useful life
Several of the Group\u2019s subsidiaries operate in niche markets with a significant amount of specialized land-based and sea-based machinery and equipment. Future regulatory requirements and contractual demands may affect the useful life of certain assets, particularly where stricter environmental standards or customer expectations drive the need for equipment upgrades or replacements.
As part of our ongoing assessment, we have evaluated the potential financial impact of these factors on the estimated useful life of the Group\u2019s
machinery and equipment. While no immediate adjustments have been made to carrying amounts, End\u00far will continue to monitor potential changes in asset requirements and adjust capital expenditure plans accordingly. The transition to lower-emission alternatives remains contingent on technological advancements and the availability of suitable equipment from market suppliers. At present, fully viable substitutes for certain specialized machinery remain limited, and large-scale replacements would require further development in market infrastructure and equipment capabilities. Given these uncertainties, the expected financial impact of short- and mid-term capital expenditures is not considered to have a material effect at this stage, as the replacement of machinery and equipment will be evaluated based on operational needs, regulatory developments, and contract-specific requirements.
NOTE 12:IMPAIRMENT OF ASSETS
Cash-generating units (CGU) containing goodwill, assets that have an indefinite useful life and intangible assets that are not yet available for use are tested for impairment annually.
The recoverable amount is the greater of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a post-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For an asset that does not generate largely independent cash inflows, the recoverable amount is determined for the CGU to which the asset belongs.
An impairment loss is recognised whenever the carrying amount of an asset or its CGU exceeds its recoverable amount. Impairment losses are recognised in the income statement. An impairment loss recognised in respect of CGU is allocated first to goodwill and then to the other assets in the unit (group of units) on a pro rata basis.
An impairment loss on goodwill is not reversed. An impairment loss on other assets is reversed if there has been a change in the estimates used to determine the recoverable amount, and the change can be objectively related to an event occurring after the impairment was recognised. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognisedOther lease liabilities recognised in P&L Leases with a lease term of 12 months or less are not capitalised. Low-value leases, typically office equipment / fixtures, are not capitalisedThe cost of inventory is based on the FIFO method and includes costs of bringing the goods to their present state and location.
TRADE AND OTHER RECEIVABLES
Trade and other receivables are recognized at the original invoiced amount, less impairment losses. Impairment losses are estimated using the simplified approach in calculating the expected credit losses (ECL)CONTRACT BALANCES
The Group\u2019s contract balance as at 31 December is presented in the table below. If the Group performs by transferring goods or services to a customer before the customer pays consideration or before payment is due, a contract asset is recognised for the earned consideration that is conditional. If a customer pays consideration before the Group transfers goods or services to the customer, a contract liability is recognised when the payment is made. Contract liabilities are recognised as revenue when the Group fulfils the performance obligation(s) under the contract.
The Groups provisions mainly consist of the following:Warranty provision and guarantee liabilities
A provision for warranty is recognised when the underlying products or services are sold. The provision is based on historical warranty data and a weighting of all possible outcomes against their associated probabilities.
Group companies assess and recognize provisions for warranty and guarantee provisions when relevant circumstances become known or are deemed probable. These provisions are allocated specifically to ongoing or completed projects rather than as general or unspecified balance sheet provisions. Actual costs incurred are continuously matched against these provisions. Artec Aqua applies a more standardized provision approach, reflecting the potentially warranty obligations associated with completed projects of considerable scope. There is estimation uncertainty related to several factors, including the fact that cost-bearing circumstances may not necessarily materialize, and that the magnitude of potential costs remains uncertain. Large and complex contracts, involving multiple stakeholders such as the end client, main contractors, subcontractors, and suppliers of parallel works, create significant room for interpretation regarding the allocation of responsibilities for remediation needs. The provision is recognized under the balance sheet item Other current liabilities, and changes in provisions are accounted for through operating expenses in the income statementNOTE 21:FINANCIAL ASSETS AND LIABILITIES MEASURED AT FAIR VALUE THROUGH PROFIT AND LOSS
The Group have the following financial assets and liabilities measured at fair value through profit and loss; contingent earn-out liability from acquisition of business.
Fair value hierarchy
The Group classifies the financial instruments at fair value in accordance with the valuation hierarchy prescribed under the accounting standards. The various levels are defined as follows:
Level 1 \u2013 Quoted price (unadjusted) in active markets for identical assets or liabilities.
Level 2 \u2013 Valuation derived directly or indirectly from a quoted price within level 1.
Level 3 \u2013 Valuation based on inputs not obtained from observable market data.
The contingent earn-out consideration from the acquisition of Repstad Anlegg in 2023 is measured at fair value at the acquisition date using estimates of discounted cash flows. The consideration agreement includes an earn-out of +/- 2x Earnings before interest and tax in local GAAP from 2023 to 2025 with a reference point of NOK 150 million, capped and floored at + NOK 100 million and \u2013 NOK 50 million, due by June 2026. The contingent earn-out is increased from NOK 60 million to NOK 100 million in 2025 to reflect the final calculation of the earn-out considerations from the acquisition of Repstad Anlegg AS. The subsequent measurement of the earn-out is at fair value through profit and loss and classified as a financial expense.
SHARE PURCHASE PROGRAMThe Group issued a share subscription program in December 2021 whereby all permanent employees of the Group were offered the opportunity to subscribe new shares in the Group at a discount. In December 2024 the share option program was replaced by a long-term incentive program. The sale of shares to employees at less than market price is accounted for by recognising the difference between market value of the shares and purchase price as a payroll expense.
The Group offers share option programs to executive management and key personnel of the Group. Share options are measured at fair value at the time of allotment. The calculated value of the estimated share of redeemed options is recognised as a payroll expense, booked towards other paid-in equity. The cost is distributed over the period until the employee acquires an unconditional right to redeem the options. The estimated number of
options that are expected to be redeemed is reassessed on every balance sheet date. The Group had the following share option programs during the year:",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page82-cflshid_34929-tag450905": {
"value": "DECLARATION OF CONFORMITY
The consolidated financial statements have been prepared based on historical cost, with the exemption of financial instruments at fair value.
The consolidated accounts are presented in NOK, which is also the functional currency of the parent company. The accounts of foreign operations with a different functional currency, income statement items are converted at the average exchange rates per month. Assets and liabilities are converted at the exchange rate in effect on the balance sheet date. Financial information is stated in NOK million, unless otherwise specified. ",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page82-cflshid_34929-tag450901": {
"value": "DECLARATION OF CONFORMITY
ACCOUNTING ESTIMATES
Preparation of the annual accounts in accordance with IFRS Accounting Standards includes
valuations, estimates and assumptions that influence both the choice of accounting principles applied and reported amounts for assets, obligations, income and expenses. During preparation of the annual accounts, the management has used estimates based on best judgement and assumptions that are considered realistic based on historical experience. Actual amounts may differ from estimated amounts. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to estimates are recognised prospectively.Information about judgements made in applying accounting policies that have the most significant effects on the amounts recognised in the consolidated financial statements is included in the following notes:
Whether revenue is recognized over time or at a point in time. Identification of performance obligations in customer contracts. The percentage of completion method is used to recognize earned revenue for construction projects, based on incurred costs as a proportion of estimated total project costs.
Assumptions and estimation uncertainties
Information about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment in the year to come is included in the following notes:
Recognition of deferred tax assets; availability of future taxable profit against which carry forward tax losses can be used.
Impairment test: key assumptions underlying recoverable amounts.
Recognition and measurement of provisions and contingencies; key assumptions about the likelihood and magnitude of an outflow of resources.
Climate change
End\u00far is exposed to both risks and opportunities arising from climate change, including physical risks, such as extreme weather events that may impact operations and project timelines, and transition risks, including regulatory changes and evolving market expectations. While no immediate material financial effects have been identified, climate-related developments may influence investment needs, cost structures, and long-term market dynamics in both Infrastructure and Aquaculture.
As of year-end, climate-related risks have been considered in:
\u25aaUseful life of long-term assets (Note 11): Future regulatory requirements and contractual expectations may affect the replacement timeline for certain machinery and equipment. However, the availability of viable, lower-emission alternatives from market suppliers remains a key factor in determining timing and feasibility.
\u25aaImpairment assessments (Note 12): Climate risks have been evaluated, particularly regarding potential regulatory shifts, market demand changes, and investment needs within Infrastructure and Aquaculture. Climate-related risks have been reflected in forecasted
figures through conservative margin assumptions and adjustments to future capital expenditure needs to account for regulatory uncertainty, potential cost increases and the need to update renew our machinery and equipment.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page82-cflshid_35225-tag450904": {
"value": "Assumptions and estimation uncertaintiesInformation about assumptions and estimation uncertainties that have a significant risk of resulting in a material adjustment in the year to come is included in the following notes:Note 8Recognition of deferred tax assets; availability of future taxable profit against which carry forward tax losses can be used.Note 12Impairment test: key assumptions underlying recoverable amounts.Note 18Recognition and measurement of provisions and contingencies; key assumptions about the likelihood and magnitude of an outflow of resources.",
"dimensions": {
"concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page83-cflshid_35595-tag450924": {
"value": "CHANGES IN ACCOUNTING PRINCIPLES AND NEW PRONOUNCEMENTS
End\u00far has not implemented any new accounting standards or otherwise made any significant changes to accounting policies during 2025. None of the issued, not yet effective, accounting standards or amendments to such standards are expected to have significant effects for End\u00far\u2019s financial reporting. IFRS 18 Presentation and Disclosure in Financial Statements was issued in 2024 and is effective for annual periods beginning on or after 1 January 2027. The standard introduces new requirements for the presentation and classification of items in the statement of profit or loss, including defined categories and subtotals.
Based on a preliminary assessment, the Group expects that the implementation of IFRS 18 will primarily affect the presentation and classification of items in the statement of profit or loss, including the classification of certain financial items. The Group does not expect the standard to have a material impact on the measurement of profit, equity or cash flows.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page83-cflshid_35595-tag450925": {
"value": "CHANGES IN ACCOUNTING PRINCIPLES AND NEW PRONOUNCEMENTS
End\u00far has not implemented any new accounting standards or otherwise made any significant changes to accounting policies during 2025. None of the issued, not yet effective, accounting standards or amendments to such standards are expected to have significant effects for End\u00far\u2019s financial reporting.IFRS 18 Presentation and Disclosure in Financial Statements was issued in 2024 and is effective for annual periods beginning on or after 1 January 2027. The standard introduces new requirements for the presentation and classification of items in the statement of profit or loss, including defined categories and subtotals.Based on a preliminary assessment, the Group expects that the implementation of IFRS 18 will primarily affect the presentation and classification of items in the statement of profit or loss, including the classification of certain financial items. The Group does not expect the standard to have a material impact on the measurement of profit, equity or cash flows.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesAccountingEstimatesAndErrorsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page84-cflshid_35751-tag450926": {
"value": "NOTE 3:BUSINESS COMBINATIONS AND SALE OF BUSINESS BUSINESS COMBINATIONS AND SALE OF BUSINESS IN 2025
VAQ ASOn 17 January 2025, End\u00far ASA acquired 100 % of the shares in VAQ AS, for a purchase price of approx. NOK 124.7 million, of which 51% of the purchase price was settled by issuing 887,566 consideration shares in End\u00far ASA, and transferring 50,000 consideration shares from the Company\u2019s holding of treasury shares, 40 % in debt financing of NOK 50 million and 9 % in cash considerations and other adjustments of NOK 11.0 million.
The board decided, pursuant to a board authorization granted by the ordinary general meeting on 23 May 2025, to issue the consideration shares. The company\u2019s share capital increased by NOK 443,783 issuing 887,566 new shares, each with a nominal value of NOK 0.5. The capital increase was registered on 21 January 2025.
VAQ AS (VAQ) is a leading provider of Recirculating Aquaculture Systems (RAS). Headquartered in Asker, Norway, with additional offices in Trondheim and subsidiary VAQ Aps with office in Ribe, Denmark.
The acquisition of VAQ AS strengthens End\u00far ASA\u2019s position in the land-based aquaculture sector by integrating VAQ\u2019s advanced Recirculating Aquaculture Systems (RAS) expertise with End\u00far\u2019s existing capabilities, particularly through Artec Aqua\u2019s Hybrid System\u2122. This combination enhances End\u00far\u2019s ability to offer comprehensive, flexible, and resource-efficient aquaculture solutions to meet the increasing industry demand. Additionally, VAQ\u2019s experienced team and established market presence expand End\u00far\u2019s technical expertise and reinforce its position as a leading supplier of sustainable infrastructure solutions for land-based fish farming.
TOTAL BETONG AS, IGANG TOTALENTREPREN\u00d8R AS, AND HABTO HOLDING AS
On 18 March 2025, End\u00far ASA acquired 100 % of the shares in Total Betong AS, Igang Totalentrepren\u00f8r AS, and Habto Holding AS including its subsidiaries HAB construction AS and Propoint Survey AS (collectively referred to as the \u201cTotalbetong acquisition\u201d) for a purchase price of approx. NOK 1 434.6 million, of which 39 % of the purchase price was settled by issuing 7,333,333 consideration shares in End\u00far ASA, 28 % in seller\u2019s liabilities towards the acquired companies of NOK 403.9 million, 24 % in bank financing of NOK 350
million and 9 % in cash consideration and other adjustments of NOK 125.4 million. On the same day, the board decided, pursuant to a board authorization granted by the extraordinary general meeting on 4 March 2025, to issue the consideration shares. The company\u2019s share capital increased by NOK 3,666,667 issuing 7,333,333 new shares, each with a nominal value of NOK 0.5. The capital increase was registered on 20 March 2025.
About the Acquired Companies in the Totalbetong Acquisition
Total Betong AS (\u201cTotal Betong\u201d), founded in 2011 and headquartered in Bryne, Norway, is a leading contractor specializing in land-based aquaculture facilities and concrete construction.
Igang Totalentrepren\u00f8r AS (\u201cIGANG\u201d), headquartered in Sandnes, Norway, is a turnkey contractor focusing on commercial and residential building projects for both private and public developers.
HAB Construction AS (\u201cHAB\u201d), based in Lysaker, Norway, specializes in water, wastewater, and transportation infrastructure, serving both public and private clients. The company provides both main contractor and turnkey construction services, with extensive experience in complex infrastructure projects. 100 % of the shares in HAB Construction AS is owned through Habto Holding AS (\u201cHabto\u201d).
ProPoint Survey AS (\u201cPropoint\u201d), headquartered in Lysaker, Norway, offers advanced surveying and documentation services, including 3D scanning, staking, and drone-based quantity surveying, supporting construction and civil engineering projects. 51 % of the shares in ProPoint is owned through Habto Holding AS, 49 % of the shares is owned directly by End\u00far ASA.
The acquired companies form a leading Norwegian contractor group with highly complementary services to End\u00far\u2019s existing subsidiaries, strengthening the Group\u2019s position in key infrastructure markets. The acquisition significantly enhances End\u00far\u2019s expertise within land-based aquaculture, concrete construction, and water and wastewater infrastructure, areas that are expected to see continued strong demand.
By integrating these companies, End\u00far gains a broader geographical presence and a stronger foothold in both private and public sector projects. The acquired companies have a strong management team with a proven track record of profitable growth, and their organizational culture is well aligned with that of End\u00far.Overall, this acquisition reinforces End\u00far\u2019s market position, enhances scalability, and provides a solid platform for future growth and value creation in the infrastructure and construction sectors.
NERO ANLEGG AS
On 17 June 2025, End\u00far ASA through subsidiary BMO Entrepren\u00f8r AS, acquired 100 % of the shares in Nero Anlegg AS (Nero), a water and sewage company with 4 employees. The business of Nero will be closely integrated with BMO\u2019s existing businesses and on-going initiative for organically developing a \u201cno dig\u201d water and sewage offering.
CONSIDERATIONS TRANSFERRED
The following table summarizes the acquisition date fair value of each major class of consideration transferred. Propoint is accounted for 100 % in the column for Habto.
| (NOKm) | Nero | VAQ | Habto | IGANG | Total Betong |
| Cash considerations | 0.5 | 58.8 | 129.8 | 54.0 | 286.5 |
| Debt transfer | - | - | 14.2 | 5.1 | 384.6 |
| Shares in End\u00far ASA | 1.1 | 63.7 | 97.2 | 46.6 | 413.6 |
| Other adjustments | - | 2.3 | - | - | 5.2 |
| Total considerations transferred | 1.6 | 124.7 | 241.2 | 105.7 | 1 089.8 |
Equity instruments issued
The fair value of the consideration shares transferred in the acquisition of VAQ was based on listed share price of End\u00far ASA at 17 January 2025 at NOK 67.9 per share.
The fair value of the consideration shares transferred in the acquisition of Total Betong, Igang and Habto was based on listed share price of End\u00far ASA at 18 March 2025 at NOK 76.0 per share.
IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMEDThe fair value of identifiable assets and liabilities is based on a preliminary purchase allocation. The following table summarizes the amounts of assets acquired and liabilities assumed at the date of acquisition.
| (NOKm) | Nero | VAQ | Habto | IGANG | Total Betong |
| Assets | | | | | |
| Deferred tax assets | - | 1.1 | - | - | - |
| Intangible assets and goodwill | - | 6.5 | 23.9 | 17.6 | 68.7 |
| Property, plant and equipment | 0.1 | 1.2 | 4.1 | 0.4 | 9.4 |
| Right-of-use assets | 3.7 | 7.3 | 48.8 | 1.5 | 103.4 |
| Other non-current assets | - | 0.1 | 14.7 | 5.1 | 384.8 |
| Inventories | - | - | - | - | - |
| Contract assets | - | 1.5 | 27.3 | - | 55.9 |
| Trade and other receivables | 2.1 | 55.9 | 312.1 | 62.0 | 223.7 |
| Cash and cash equivalents | 0.2 | - | 82.2 | 31.3 | 159.5 |
| Liabilities | | | | | |
| Deferred tax liabilities | 0.1 | - | 12.3 | 8.2 | 77.9 |
| Loans and borrowings | - | - | - | - | 87.5 |
| Lease liabilities | 3.7 | 7.3 | 48.8 | 1.5 | 103.4 |
| Other non-current liabilities | - | - | 1.1 | - | - |
| Trade and other payables | 1.3 | 56.1 | 287.1 | 46.4 | 321.3 |
| Tax payables | 0.2 | 2.8 | 11.9 | 1.7 | - |
| Contract liabilities | - | - | 173.8 | 24.7 | 219.5 |
| Total identifiable net assets acquired | 0.8 | 7.4 | (22.0) | 35.2 | 195.9 |
The deferred tax liability mainly comprises the difference between the accounting value and the tax conditioned value of the depreciation of tangible and intangible assets, and deferred tax related to percentage-of-completion contracts. The gross amount of the receivables acquired are immaterially different from the fair value presented above.
GOODWILLBased on the preliminary Purchase Price Allocation, the Goodwill arising from the acquisitions amounts to the following:
| (NOKm) | Nero | VAQ | Habto | IGANG | Total Betong |
| Total considerations transferred | 1.6 | 124.7 | 241.2 | 105.7 | 1 089.8 |
| - Fair value of identifiable net assets acquired | 0.8 | 7.4 | (22.0) | 35.2 | 195.9 |
| Goodwill | 0.8 | 117.3 | 263.2 | 70.5 | 893.9 |
Included in the goodwill from the acquisition of VAQ AS is the value of the company\u2019s technical know-how, and the expected synergies arising from the integration with End\u00far\u2019s existing aquaculture operations. VAQ\u2019s specialist expertise within Recirculating Aquaculture Systems (RAS) and its complementary capabilities to Artec Aqua\u2019s Hybrid System\u2122 are expected to enhance the Group\u2019s overall technology offering and market reach. The goodwill also reflects the value of VAQ\u2019s experienced team, their innovation capacity, and strong reputation in the industry. The goodwill is not tax depreciable or otherwise recognised for tax purposes. The goodwill arising from the Totalbetong acquisition reflects the value of their combined expertise, market reach, and the operational synergies expected through integration with End\u00far\u2019s existing business. The acquired entities bring complementary services across concrete construction, land-based aquaculture, and critical infrastructure projects, strengthening End\u00far\u2019s position in both the private and public sectors. The strong management teams, proven profitability, and cultural alignment with End\u00far are also important contributors. The goodwill is not tax depreciable or otherwise recognised for tax purposes. Included in the goodwill from the acquisition of Nero Anlegg AS is the value of its specialist expertise in trenchless pipe rehabilitation, a growing niche within infrastructure maintenance. The acquisition strengthens End\u00far\u2019s position in water and wastewater services and is expected to yield synergies and expand regional market presence. The goodwill is not tax depreciable or otherwise recognised for tax purposes.
REVENUE AND PROFIT OR LOSS OF THE ACQUIREES AND COMBINED ENTITYVAQ AS (including its subsidiary VAQ ApS), Total Betong AS, Igang AS and Habto AS (including subsidiaries HAB Construction AS and Propoint Survey AS) have from their respective acquisition dates contributed to the Group\u2019s revenues and profit before tax by NOK 2 652.4 million and NOK 215.7 million, respectively. The contribution from VAQ AS is included up to the date of its merger with Artec Aqua AS in November 2025. If these acquisitions had occurred on 1 January 2025, the Group\u2019s revenues and profit before tax for 2025 would have been NOK 7 096.2 million and NOK 195.6 million, respectively.
BUSINESS COMBINATIONS AND SALE OF BUSINESS IN 2024
NORSK BERGSIKRING AS
In July 2024, End\u00far ASA through subsidiary BMO Entrepren\u00f8r AS, acquired 100 % of the shares in Norsk Bergsikring AS (NBS), an infrastructure company, located in Stongfjorden, Norway, specialized within rockfall, landslide and avalanche protection.
The business of NBS is highly complementary to BMO\u2019s operations, with a direct operational interface, within rehabilitation of concrete structures, such as dams, bridges and tunnels. The outlook for both NBS and BMO remains attractive due to an increasing maintenance gap on critical infrastructure. The services of NBS are provided to public infrastructure owners, where the company can take the role as both main contractor and sub-contractor. In November 2024, we completed the sale of a 9.9% non-controlling interest in NBS.
HAV ELEKTRO AS
In December 2024, End\u00far ASA through subsidiary End\u00far Sj\u00f8sterk AS, acquired 100 % of the shares in Hav Elektro AS (HAV Elektro), an electrical contractor, servicing businesses within maritime, aquaculture and industrial sectors. The company is located at Nestun in Bergen, Norway.
Hav Elektro will continue to service its existing business and client portfolio, as well as serve as an in-house supplier of electrical works to End\u00far\u2019s existing group companies. These services represent a key input to Sj\u00f8sterk\u2019s feed-barge production and End\u00far Maritime\u2019s ship maintenance and upgrade projects, both companies also operating from Bergen, Norway.
CONSIDERATIONS TRANSFERREDThe following table summarizes the acquisition date fair value of each major class of consideration transferred.
| (NOKm) | HAV | NBS |
| Cash considerations | 10.6 | 10.1 |
| Shares in End\u00far ASA | - | 10.1 |
| Seller\u2019s credit | 3.8 | - |
| Other adjustments | 0.1 | 0.4 |
| Total considerations transferred | 14.4 | 20.5 |
Consideration shares
The fair value of the consideration shares transferred in the acquisition of NBS was based on the volume-weighted average share price for the last 10 days prior to the transaction of End\u00far ASA at NOK 55.0 per share.
IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES ASSUMEDThe fair value of identifiable assets and liabilities is based on a purchase allocation. The following table summarizes the recognised amounts of assets acquired and liabilities assumed at the date of acquisition.
| (NOKm) | HAV | NBS |
| Assets | | |
| Deferred tax assets | - | 22.8 |
| Intangible assets and goodwill | - | - |
| Property, plant and equipment | 0.7 | 8.8 |
| Right-of-use assets | 0.6 | 0.3 |
| Other non-current assets | 0.0 | 0.0 |
| Inventories | 2.5 | 3.0 |
| Contract assets | 2.6 | -0.2 |
| Trade and other receivables | 3.9 | 4.3 |
| Cash and cash equivalents | 9.0 | 2.0 |
| Liabilities | | |
| Deferred tax liabilities | (0.1) | - |
| Lease liabilities | (0.6) | (0.3) |
| Loans and borrowings | - | (13.1) |
| Trade and other payables | (5.5) | (7.1) |
| Contract liabilities | - | - |
| Total identifiable net assets acquired | 13.2 | 20.5 |
The deferred tax asset in NBS is mainly comprised of losses carried forward. The gross amount of the receivables acquired are immaterially different from the fair value presented above.
GOODWILLGoodwill arising from the acquisitions has been recognised as follows:
| (NOKm) | HAV | NBS |
| Total considerations transferred | 14.4 | 20.5 |
| - Fair value of identifiable net assets acquired | 13.2 | 20.5 |
| Goodwill | 1.2 | - |
Included in goodwill of HAV Elektro is the value of know-how, customer relationships, and expected synergies with the existing business of End\u00far. The goodwill is not tax depreciable or otherwise recognised for tax purposes.
REVENUE AND PROFIT OR LOSS OF THE ACQUIREE AND COMBINED ENTITYNBS has from the date of acquisition contributed to the Group's revenues and profit before taxes by NOK 17.0 million and NOK 2.2 million respectively. If the acquisition had occurred at the beginning of 2024, revenues for 2024 and profit before taxes for 2024 for the Group would have been NOK 2 819.4 million and NOK 48.2 million respectively.
HAV Elektro has from the date of acquisition contributed to the Group's revenues and profit before taxes by NOK 0.0 million and NOK 0.0 million respectively. If the acquisition had occurred at the beginning of 2024, revenues for 2024 and profit before taxes for 2024 for the Group would have been NOK 2 818.9 million and NOK 59.6 million respectively.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page89-cflshid_38855-tag450906": {
"value": "NOTE 4:OPERATING SEGMENTS
OPERATING SEGMENTSThe Group reports on the following business segments, Aquaculture Solutions, Infrastructure and Other. These segments offer different products and services and are managed separately because they require different marketing strategies. Inter-segment pricing is determined on an arm\u2019s length basis.
Segment performance is measured by operating profit before amortization (EBITA) and operating profit after PPA amortizations (EBIT). This is included in internal management reports, which are being reviewed by the Group\u2019s executive management.
Aquaculture solutions
The Aquaculture Solutions segment includes production of land-based fish-farming facilities, concrete feed barges for the aquaculture industry and associated electro and automation services. The segment consists of the companies Artec Aqua VAQ AS, VAQ ApS, End\u00far Sj\u00f8sterk AS, HAV Elektro AS and End\u00far Eiendom AS. HAV Elektro AS was acquired in December 2024, VAQ AS and VAQ ApS was acquired in January 2025, subsequently, VAQ AS was merged with Artec Aqua AS in November 2025. Further details regarding the
transaction are presented in note 3.Infrastructure
The infrastructure segment includes concrete and steel construction, railway, harbour/quay construction and maintenance and underwater services. The segment consists of the companies BMO Entrepren\u00f8r AS (incl. 3 subsidiaries), Marcon-Gruppen i Sverige AB (incl. 11 subsidiaries), Repstad Anlegg AS (incl. 5 subsidiaries), Total Betong AS (incl. 1 subsidiary), Igang Totalentrepren\u00f8r AS, and Habto Holding AS with subsidiaries Hab Construction AS and Propoint Survey AS. Total Betong AS, Igang Totalentrepren\u00f8r AS, and Habto Holding AS with subsidiaries Hab Construction AS and Propoint Survey AS was acquired in March 2025. BMO Entrepren\u00f8r AS acquired Nero Anlegg AS in June 2025. Further details regarding the transactions are presented in note 3.
Other
Other includes maritime service and ship maintenance, unallocated corporate costs, investments in the Group\u2019s subsidiaries and Group financing. Consists of the companies End\u00far Maritime AS, End\u00far ASA, End\u00far Bidco II and BG Malta Ltd.
| 2025 (NOKm) | Aquaculture Solutions | Infrastructure | Other | Intra-group eliminations | Total |
| Operating revenue | 1 053.6 | 5 117.8 | 229.3 | (3.0) | 6 397.8 |
| Operating profit / loss EBITDA | 67.2 | 622.4 | (34.4) | - | 655.3 |
| Depreciation, Amortization | (44.5) | (276.4) | (12.4) | - | (333.3) |
| Impairment | | | | - | |
| Operating profit / loss EBIT | 22.7 | 346.1 | (46.7) | - | 322.0 |
| Segment assets | 1 369.4 | 5 368.5 | 723.5 | (1 148.3) | 6 313.1 |
| Segment liabilities | 599.6 | 2 694.4 | 1 819.7 | (1 148.3) | 3 965.5 |
| 2024 (NOKm) | Aquaculture Solutions | Infrastructure | Other | Intra-group eliminations | Total |
| Operating revenue | 475.2 | 2 022.9 | 269.6 | (0.9) | 2 766.9 |
| Operating profit / loss EBITDA | 30.5 | 353.7 | (16.0) | - | 368.2 |
| Depreciation | (12.5) | (154.5) | (11.8) | - | (178.8) |
| Amortization | (27.1) | (15.3) | - | - | (42.4) |
| Impairment | - | (0.4) | - | - | (0.4) |
| Operating profit / loss EBIT | (9.0) | 183.4 | (27.7) | - | 146.7 |
| Segment assets | 958.4 | 2 145.5 | 223.4 | (271.3) | 3 056.1 |
| Segment liabilities | 284.8 | 1 006.1 | 802.0 | (271.3) | 1 821.7 |
There was no customer in the Group where the recognised revenue is more than 10 percent of total revenues in 2025 and 2024.
GEOGRAPHICAL ALLOCATION OF NON-CURRENT ASSETS
| Norway | Sweden | Total |
| (NOKm) | At 31 Dec. 2025 | At 31. Dec. 2024 | At 31 Dec. 2025 | At 31. Dec. 2024 | At 31 Dec. 2025 | At 31. Dec. 2024 |
| \u00a0 | \u00a0 | \u00a0 | | \u00a0 | |
| Intangible assets and goodwill | 2 661.3 | 1 263.1 | 95.5 | 89.8 | 2 756.8 | 1 352.9 |
| Property, plant and equipment | 131.4 | 112.4 | 309.9 | 331.0 | 441.3 | 443.5 |
| Right-of-use assets | 447.9 | 299.1 | 20.5 | 17.0 | 468.4 | 316.2 |
| Other non-current assets | 41.7 | 37.9 | 2.1 | 2.0 | 43.8 | 39.9 |
| Total non-current assets | 3 282.3 | 1 712.5 | 428.0 | 439.9 | 3 710.3 | 2 152.4 |
NOTE 5:REVENUE FROM CONTRACTS WITH CUSTOMERS
The majority of the Group\u2019s revenues, in the infrastructure and Aquaculture solutions segment, stem from projects based on Norwegian Standard Contracts (NS) for construction works. Payments may be based on fixed totals with milestone instalments, cost-plus or quantity-based unit prices. The latter two are typically billed monthly. Revenues are typically due for payment within 30 days after the billing date, while end invoices typically are due for payment within 60 days. Cost-plus and construction contracts based on percentage of completion method constitutes the majority of production in these segments. For revenue from projects defined as over time, End\u00far primarily uses the stage of completion method, based on the estimated final contribution margins. Revenue is reported in line with actual production progress, based on degree of completion. The
revenue recognition for variation orders and disputed claims with a high level of uncertainty is based on assessments of the highly probable outcome of the claim and elements that can be measured reliably.The contracts may include variable compensation in the form of bonus/malus mechanisms within target price contracts. Such compensation components are recognized in the accounts based on probability assessments and the percentage of completion method. As of the end of 2025, the extent of such variable compensation remains very limited.
Revenue in the Other segment stem mainly form service and maintenance contracts, typically with a large amount of smaller work orders. This implies that revenue mainly is recognized as point in time with limited use of stage of completion calculations.
DISAGGREGATION OF REVENUE FROM CONTRACTS WITH CUSTOMERS
| Aquaculture Solutions | Infrastructure | Other | Total |
| (NOKm) | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
| Primary geographical markets | | | | | | | | |
| Norway and the Norwegian Continental Shelf | 1 040.1 | 451.9 | 4 608.2 | 1 376.4 | 229.3 | 262.4 | 5 877.6 | 2 090.6 |
| Sweden | | | 461.9 | 578.5 | | | 461.9 | 578.5 |
| Other | 11.8 | 23.1 | 46.5 | 67.4 | | 7.2 | 58.3 | 97.8 |
| Total | 1 051.9 | 475.0 | 5 116.6 | 2 022.3 | 229.3 | 269.6 | 6 397.8 | 2 766.9 |
| Major products / service lines | | | | | | | | |
| Public Sector-Directly | | 0.4 | 2 490.3 | 1 152.3 | 106.9 | 126.9 | 2 597.1 | 1 279.6 |
| Private Sector-Directly | 1 051.9 | 474.6 | 2 626.4 | 870.0 | 122.4 | 142.7 | 3 800.7 | 1 487.3 |
| Total | 1 051.9 | 475.0 | 5 116.6 | 2 022.3 | 229.3 | 269.6 | 6 397.8 | 2 766.9 |
| Timing of revenue recognition | | | | | | | | |
| Products transferred at a point in time | 49.1 | 115.2 | 927.4 | 37.6 | | 269.6 | 976.6 | 422.4 |
| Products and services transferred over time | 1 002.8 | 359.8 | 4 189.2 | 1 984.6 | 229.3 | | 5 421.2 | 2 344.4 |
| Total | 1 051.9 | 475.0 | 5 116.6 | 2 022.3 | 229.3 | 269.6 | 6 397.8 | 2 766.9 |
CONTRACT BALANCES
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Trade receivables | 909.6 | 418.0 |
| Contract assets | 178.4 | 157.6 |
| Contract liabilities | 361.7 | 78.2 |
See note 15 for details on trade receivables, contract assets and contract liabilities
Remaining performance obligations
The remaining performance obligations related to contracts with customers that were in progress as of year-end are as follows:
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Within one year | 4 700.9 | 1 388.4 |
| More than 1 year | 2 876.2 | 723.3 |
| Remaining performance obligations at year end | 7 577.2 | 2 111.8 |
CONTRACT BALANCES
The Group\u2019s contract balance as at 31 December is presented in the table below. If the Group performs by transferring goods or services to a customer before the customer pays consideration or before payment is due, a contract asset is recognised for the earned consideration that is conditional. If a customer pays consideration before the Group transfers goods or services to the customer, a contract liability is recognised when the payment is made. Contract liabilities are recognised as revenue when the Group fulfils the performance obligation(s) under the contract.
| (NOKm) | 2025 | 2024 |
| Contract assets | 178.4 | 157.6 |
| Contract liabilities | 361.7 | 78.2 |
| (NOKm) | 2025 | 2024 |
| Total contract assets at 1 Jan | 157.6 | 86.6 |
| Invoiced throught the year | (175.6) | (19.6) |
| Work done this year, not invoiced | 136.5 | 87.3 |
| Acquisition of business | 57.4 | 2.6 |
| Other changes | 2.4 | 0.6 |
| Total contract assets at 31 Dec | 178.4 | 157.6 |
Contract liabilities| (NOKm) | 2025 | 2024 |
| Total contract liabilities at 1 Jan | 78.2 | 15.2 |
| Recognised as income during the year | (399.5) | 37.4 |
| Advances received | 264.6 | 25.6 |
| Acquisition of business | 418.0 | - |
| Other changes | 0.4 | 0.1 |
| Total contract liabilities at 31 Dec | 361.7 | 78.2 |
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page91-cflshid_39927-tag450927": {
"value": "NOTE 5:REVENUE FROM CONTRACTS WITH CUSTOMERS
The majority of the Group\u2019s revenues, in the infrastructure and Aquaculture solutions segment, stem from projects based on Norwegian Standard Contracts (NS) for construction works. Payments may be based on fixed totals with milestone instalments, cost-plus or quantity-based unit prices. The latter two are typically billed monthly. Revenues are typically due for payment within 30 days after the billing date, while end invoices typically are due for payment within 60 days. Cost-plus and construction contracts based on percentage of completion method constitutes the majority of production in these segments. For revenue from projects defined as over time, End\u00far primarily uses the stage of completion method, based on the estimated final contribution margins. Revenue is reported in line with actual production progress, based on degree of completion. The
revenue recognition for variation orders and disputed claims with a high level of uncertainty is based on assessments of the highly probable outcome of the claim and elements that can be measured reliably.The contracts may include variable compensation in the form of bonus/malus mechanisms within target price contracts. Such compensation components are recognized in the accounts based on probability assessments and the percentage of completion method. As of the end of 2025, the extent of such variable compensation remains very limited.
Revenue in the Other segment stem mainly form service and maintenance contracts, typically with a large amount of smaller work orders. This implies that revenue mainly is recognized as point in time with limited use of stage of completion calculations.
DISAGGREGATION OF REVENUE FROM CONTRACTS WITH CUSTOMERS
| Aquaculture Solutions | Infrastructure | Other | Total |
| (NOKm) | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 | 2025 | 2024 |
| Primary geographical markets | | | | | | | | |
| Norway and the Norwegian Continental Shelf | 1 040.1 | 451.9 | 4 608.2 | 1 376.4 | 229.3 | 262.4 | 5 877.6 | 2 090.6 |
| Sweden | | | 461.9 | 578.5 | | | 461.9 | 578.5 |
| Other | 11.8 | 23.1 | 46.5 | 67.4 | | 7.2 | 58.3 | 97.8 |
| Total | 1 051.9 | 475.0 | 5 116.6 | 2 022.3 | 229.3 | 269.6 | 6 397.8 | 2 766.9 |
| Major products / service lines | | | | | | | | |
| Public Sector-Directly | | 0.4 | 2 490.3 | 1 152.3 | 106.9 | 126.9 | 2 597.1 | 1 279.6 |
| Private Sector-Directly | 1 051.9 | 474.6 | 2 626.4 | 870.0 | 122.4 | 142.7 | 3 800.7 | 1 487.3 |
| Total | 1 051.9 | 475.0 | 5 116.6 | 2 022.3 | 229.3 | 269.6 | 6 397.8 | 2 766.9 |
| Timing of revenue recognition | | | | | | | | |
| Products transferred at a point in time | 49.1 | 115.2 | 927.4 | 37.6 | | 269.6 | 976.6 | 422.4 |
| Products and services transferred over time | 1 002.8 | 359.8 | 4 189.2 | 1 984.6 | 229.3 | | 5 421.2 | 2 344.4 |
| Total | 1 051.9 | 475.0 | 5 116.6 | 2 022.3 | 229.3 | 269.6 | 6 397.8 | 2 766.9 |
CONTRACT BALANCES
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Trade receivables | 909.6 | 418.0 |
| Contract assets | 178.4 | 157.6 |
| Contract liabilities | 361.7 | 78.2 |
See note 15 for details on trade receivables, contract assets and contract liabilities
Remaining performance obligations
The remaining performance obligations related to contracts with customers that were in progress as of year-end are as follows:
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Within one year | 4 700.9 | 1 388.4 |
| More than 1 year | 2 876.2 | 723.3 |
| Remaining performance obligations at year end | 7 577.2 | 2 111.8 |
CONTRACT BALANCES
The Group\u2019s contract balance as at 31 December is presented in the table below. If the Group performs by transferring goods or services to a customer before the customer pays consideration or before payment is due, a contract asset is recognised for the earned consideration that is conditional. If a customer pays consideration before the Group transfers goods or services to the customer, a contract liability is recognised when the payment is made. Contract liabilities are recognised as revenue when the Group fulfils the performance obligation(s) under the contract.
| (NOKm) | 2025 | 2024 |
| Contract assets | 178.4 | 157.6 |
| Contract liabilities | 361.7 | 78.2 |
| (NOKm) | 2025 | 2024 |
| Total contract assets at 1 Jan | 157.6 | 86.6 |
| Invoiced throught the year | (175.6) | (19.6) |
| Work done this year, not invoiced | 136.5 | 87.3 |
| Acquisition of business | 57.4 | 2.6 |
| Other changes | 2.4 | 0.6 |
| Total contract assets at 31 Dec | 178.4 | 157.6 |
Contract liabilities| (NOKm) | 2025 | 2024 |
| Total contract liabilities at 1 Jan | 78.2 | 15.2 |
| Recognised as income during the year | (399.5) | 37.4 |
| Advances received | 264.6 | 25.6 |
| Acquisition of business | 418.0 | - |
| Other changes | 0.4 | 0.1 |
| Total contract liabilities at 31 Dec | 361.7 | 78.2 |
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page91-cflshid_39927-tag450929": {
"value": "NOTE 5:REVENUE FROM CONTRACTS WITH CUSTOMERS
The majority of the Group\u2019s revenues, in the infrastructure and Aquaculture solutions segment, stem from projects based on Norwegian Standard Contracts (NS) for construction works. Payments may be based on fixed totals with milestone instalments, cost-plus or quantity-based unit prices. The latter two are typically billed monthly. Revenues are typically due for payment within 30 days after the billing date, while end invoices typically are due for payment within 60 days. Cost-plus and construction contracts based on percentage of completion method constitutes the majority of production in these segments. For revenue from projects defined as over time, End\u00far primarily uses the stage of completion method, based on the estimated final contribution margins. Revenue is reported in line with actual production progress, based on degree of completion. The
revenue recognition for variation orders and disputed claims with a high level of uncertainty is based on assessments of the highly probable outcome of the claim and elements that can be measured reliably.The contracts may include variable compensation in the form of bonus/malus mechanisms within target price contracts. Such compensation components are recognized in the accounts based on probability assessments and the percentage of completion method. As of the end of 2025, the extent of such variable compensation remains very limited.
Revenue in the Other segment stem mainly form service and maintenance contracts, typically with a large amount of smaller work orders. This implies that revenue mainly is recognized as point in time with limited use of stage of completion calculations.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page92-cflshid_40780-tag450909": {
"value": "| (NOKm) | 2025 | 2024 |
| Salaries and holiday pay | 913.3 | 575.2 |
| Employer's national insurance contribution | 152.6 | 109.6 |
| Share subscription program | 2.4 | 0.6 |
| Share option program | 3.0 | 3.9 |
| Pension expenses | 50.4 | 27.1 |
| Other payroll expenses | 15.2 | 10.4 |
| Total | 1 136.8 | 726.8 |
| Number of employees 31.12. | 1 113 | 767 |
For share-based payments and share subscription program, see note 24.
The Group is required to have a pension scheme in accordance with the Norwegian law on required occupational pension schemes (\u201dlov om obligatorisk tjenestepensjon\u201d). The Group\u2019s pension arrangements fulfil the law requirements.
The Group mainly has defined contribution pension schemes that are recognized in the
income statement as contributions are made to the scheme. Some group companies also have an early retirement scheme (AFP) in the LO-NHO area which gives a lifelong contribution to the ordinary pension. The employees can choose to exercise the AFP-scheme starting at the age of 62 years, also in combination with continued work until they turn 67 years old. The AFP-scheme is a defined benefit multi-employer plan, of which is financed through contributions that are determined by a percentage of the employee\u2019s earnings between 1G and 7.1G. The AFP scheme is accounted for as a defined contribution pension scheme, as the scheme\u2019s administrator is not able to make the necessary calculation of obligations, assets and pension earnings for each member enterprise. Consequently, the premium and contributions will be recognized in the income statement as they arise. However, an obligation is calculated for employees who have chosen to take early retirement. These are defined as active AFPs, and the obligation is equivalent to the employer\u2019s contribution in the period from when they take early retirement until they reach 67 years of age. The obligation is recognized in the consolidated accounts under other non-current liabilities. In a previous AFP scheme, there was an under coverage. The company have accrued for the expected cost related to this under coverage.
| (NOKm) | 2025 | 2024 |
| Salaries and holiday pay | 913.3 | 575.2 |
| Employer's national insurance contribution | 152.6 | 109.6 |
| Share subscription program | 2.4 | 0.6 |
| Share option program | 3.0 | 3.9 |
| Pension expenses | 50.4 | 27.1 |
| Other payroll expenses | 15.2 | 10.4 |
| Total | 1 136.8 | 726.8 |
| Number of employees 31.12. | 1 113 | 767 |
For share-based payments and share subscription program, see note 24.
The Group is required to have a pension scheme in accordance with the Norwegian law on required occupational pension schemes (\u201dlov om obligatorisk tjenestepensjon\u201d). The Group\u2019s pension arrangements fulfil the law requirements.
The Group mainly has defined contribution pension schemes that are recognized in the
income statement as contributions are made to the scheme. Some group companies also have an early retirement scheme (AFP) in the LO-NHO area which gives a lifelong contribution to the ordinary pension. The employees can choose to exercise the AFP-scheme starting at the age of 62 years, also in combination with continued work until they turn 67 years old. The AFP-scheme is a defined benefit multi-employer plan, of which is financed through contributions that are determined by a percentage of the employee\u2019s earnings between 1G and 7.1G. The AFP scheme is accounted for as a defined contribution pension scheme, as the scheme\u2019s administrator is not able to make the necessary calculation of obligations, assets and pension earnings for each member enterprise. Consequently, the premium and contributions will be recognized in the income statement as they arise. However, an obligation is calculated for employees who have chosen to take early retirement. These are defined as active AFPs, and the obligation is equivalent to the employer\u2019s contribution in the period from when they take early retirement until they reach 67 years of age. The obligation is recognized in the consolidated accounts under other non-current liabilities. In a previous AFP scheme, there was an under coverage. The company have accrued for the expected cost related to this under coverage.
The Group is required to have a pension scheme in accordance with the Norwegian law on required occupational pension schemes (\u201dlov om obligatorisk tjenestepensjon\u201d). The Group\u2019s pension arrangements fulfil the law requirements.
The Group mainly has defined contribution pension schemes that are recognized in the
income statement as contributions are made to the scheme. Some group companies also have an early retirement scheme (AFP) in the LO-NHO area which gives a lifelong contribution to the ordinary pension. The employees can choose to exercise the AFP-scheme starting at the age of 62 years, also in combination with continued work until they turn 67 years old. The AFP-scheme is a defined benefit multi-employer plan, of which is financed through contributions that are determined by a percentage of the employee\u2019s earnings between 1G and 7.1G. The AFP scheme is accounted for as a defined contribution pension scheme, as the scheme\u2019s administrator is not able to make the necessary calculation of obligations, assets and pension earnings for each member enterprise. Consequently, the premium and contributions will be recognized in the income statement as they arise. However, an obligation is calculated for employees who have chosen to take early retirement. These are defined as active AFPs, and the obligation is equivalent to the employer\u2019s contribution in the period from when they take early retirement until they reach 67 years of age. The obligation is recognized in the consolidated accounts under other non-current liabilities. In a previous AFP scheme, there was an under coverage. The company have accrued for the expected cost related to this under coverage.
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page93-cflshid_41432-tag450935": {
"value": "NET FINANCE COSTSThe Groups net finance cost stems primarily from the parent company, End\u00far ASA..
| (NOKm) | 2025 | 2024 |
| Interest income | 10.4 | 0.1 |
| Currency gain | 0.5 | 4.6 |
| Increase in value of financial instruments | - | 0.8 |
| Other financial income | 9.5 | 0.2 |
| Finance income | 20.4 | 5.7 |
| Interest expenses | 79.9 | 64.9 |
| Currency loss | 15.7 | 6.9 |
| Change in fair value of contingent consideration | 40.0 | - |
| Other financial expenses | 3.0 | 2.7 |
| Interest expense (IFRS 16 lease) | 36.4 | 22.7 |
| Finance costs | 175.0 | 97.2 |
| Net finance costs recognised in the income statement | (154.7) | (91.5) |
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page93-cflshid_41432-tag450934": {
"value": "NET FINANCE COSTSThe Groups net finance cost stems primarily from the parent company, End\u00far ASA..
| (NOKm) | 2025 | 2024 |
| Interest income | 10.4 | 0.1 |
| Currency gain | 0.5 | 4.6 |
| Increase in value of financial instruments | - | 0.8 |
| Other financial income | 9.5 | 0.2 |
| Finance income | 20.4 | 5.7 |
| Interest expenses | 79.9 | 64.9 |
| Currency loss | 15.7 | 6.9 |
| Change in fair value of contingent consideration | 40.0 | - |
| Other financial expenses | 3.0 | 2.7 |
| Interest expense (IFRS 16 lease) | 36.4 | 22.7 |
| Finance costs | 175.0 | 97.2 |
| Net finance costs recognised in the income statement | (154.7) | (91.5) |
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page93-cflshid_41432-tag450933": {
"value": "NET FINANCE COSTSThe Groups net finance cost stems primarily from the parent company, End\u00far ASA..
| (NOKm) | 2025 | 2024 |
| Interest income | 10.4 | 0.1 |
| Currency gain | 0.5 | 4.6 |
| Increase in value of financial instruments | - | 0.8 |
| Other financial income | 9.5 | 0.2 |
| Finance income | 20.4 | 5.7 |
| Interest expenses | 79.9 | 64.9 |
| Currency loss | 15.7 | 6.9 |
| Change in fair value of contingent consideration | 40.0 | - |
| Other financial expenses | 3.0 | 2.7 |
| Interest expense (IFRS 16 lease) | 36.4 | 22.7 |
| Finance costs | 175.0 | 97.2 |
| Net finance costs recognised in the income statement | (154.7) | (91.5) |
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page93-cflshid_41432-tag450932": {
"value": "NET FINANCE COSTSThe Groups net finance cost stems primarily from the parent company, End\u00far ASA..
| (NOKm) | 2025 | 2024 |
| Interest income | 10.4 | 0.1 |
| Currency gain | 0.5 | 4.6 |
| Increase in value of financial instruments | - | 0.8 |
| Other financial income | 9.5 | 0.2 |
| Finance income | 20.4 | 5.7 |
| Interest expenses | 79.9 | 64.9 |
| Currency loss | 15.7 | 6.9 |
| Change in fair value of contingent consideration | 40.0 | - |
| Other financial expenses | 3.0 | 2.7 |
| Interest expense (IFRS 16 lease) | 36.4 | 22.7 |
| Finance costs | 175.0 | 97.2 |
| Net finance costs recognised in the income statement | (154.7) | (91.5) |
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page93-cflshid_41432-tag450931": {
"value": "NET FINANCE COSTSThe Groups net finance cost stems primarily from the parent company, End\u00far ASA..
| (NOKm) | 2025 | 2024 |
| Interest income | 10.4 | 0.1 |
| Currency gain | 0.5 | 4.6 |
| Increase in value of financial instruments | - | 0.8 |
| Other financial income | 9.5 | 0.2 |
| Finance income | 20.4 | 5.7 |
| Interest expenses | 79.9 | 64.9 |
| Currency loss | 15.7 | 6.9 |
| Change in fair value of contingent consideration | 40.0 | - |
| Other financial expenses | 3.0 | 2.7 |
| Interest expense (IFRS 16 lease) | 36.4 | 22.7 |
| Finance costs | 175.0 | 97.2 |
| Net finance costs recognised in the income statement | (154.7) | (91.5) |
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page93-cflshid_41432-tag450930": {
"value": "NET FINANCE COSTSThe Groups net finance cost stems primarily from the parent company, End\u00far ASA..
| (NOKm) | 2025 | 2024 |
| Interest income | 10.4 | 0.1 |
| Currency gain | 0.5 | 4.6 |
| Increase in value of financial instruments | - | 0.8 |
| Other financial income | 9.5 | 0.2 |
| Finance income | 20.4 | 5.7 |
| Interest expenses | 79.9 | 64.9 |
| Currency loss | 15.7 | 6.9 |
| Change in fair value of contingent consideration | 40.0 | - |
| Other financial expenses | 3.0 | 2.7 |
| Interest expense (IFRS 16 lease) | 36.4 | 22.7 |
| Finance costs | 175.0 | 97.2 |
| Net finance costs recognised in the income statement | (154.7) | (91.5) |
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page93-cflshid_41432-tag450915": {
"value": "NET FINANCE COSTSThe Groups net finance cost stems primarily from the parent company, End\u00far ASA..
| (NOKm) | 2025 | 2024 |
| Interest income | 10.4 | 0.1 |
| Currency gain | 0.5 | 4.6 |
| Increase in value of financial instruments | - | 0.8 |
| Other financial income | 9.5 | 0.2 |
| Finance income | 20.4 | 5.7 |
| Interest expenses | 79.9 | 64.9 |
| Currency loss | 15.7 | 6.9 |
| Change in fair value of contingent consideration | 40.0 | - |
| Other financial expenses | 3.0 | 2.7 |
| Interest expense (IFRS 16 lease) | 36.4 | 22.7 |
| Finance costs | 175.0 | 97.2 |
| Net finance costs recognised in the income statement | (154.7) | (91.5) |
Refinancing of bank facilities
In February 2025, End\u00far ASA refinanced existing bank facilities with our existing bank syndicate, Sparebank 1 S\u00f8r-Norge and Sparebank 1 SMN. The refinancing includes NOK 600 million in term loans, structured to refinance the previous bank facilities. The term loans (\u201cFacility A\u201d) will be partly nominated in NOK (300 million) with 3-month NIBOR as reference interest rate and partly nominated in SEK (300 million) with 3-month STIBOR as reference interest rate. The term loans will be amortized over 10 years, yielding quarterly instalments of NOK 15 million.
As part of this refinancing, End\u00far increased its overdraft facility to NOK 250 million (\u201cFacility C\u201d) and secured an NOK 400 million acquisition financing facility (\u201cFacility B\u201d), where NOK 50 million was earmarked for the acquisition of VAQ AS and the remaining utilized for the Total Betong acquisition. This facility will have quarterly instalments of NOK 10 million.
The financial covenants remain in line with previous agreements, requiring a minimum equity ratio of 30% and a maximum leverage ratio, based on net interest-bearing debt excl. leasing liabilities, that gradually decreases over time:
-Utilization \u2013 31 March 2025 < 3.30x
-1 April 2025 \u2013 31 December 2025 < 3.00x
-1 January 2026 \u2013 Maturity < 2.50x
Interest rate margins for Facility A/B and Facility C:
-Leverage ratio 0.00x \u2013 1.50x: 260 bps / 160 bps
-Leverage ratio 1.51x \u2013 2.00x: 270 bps / 170 bps
-Leverage ratio 2.01x \u2013 2.50x: 285 bps / 180 bps
-Leverage ratio 2.51x \u2013 3.30x: 305 bps / 195 bps
Transaction cost amortized on the bank facilities amount to NOK 12.6 million.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page94-cflshid_41681-tag450936": {
"value": "NOTE 8:TAX
| (NOKm) | 2025 | 2024 |
| Tax payable for the year | (54.9) | (6.2) |
| Changes in deferred tax | 20.3 | (5.0) |
| Adjustment in respect of previous years | 1.8 | (0.5) |
| Net tax income/expense | (32.9) | (11.6) |
| (NOKm) | Total | Norway | Abroad |
| Corporate income tax | (57.0) | (54.9) | (2.1) |
| Prepaid tax | 2.1 | - | 2.1 |
| Total tax payable 2024 | (54.9) | (0.0) | - |
Taxes paid abroad relates to the Swedish operations. Taxes are paid monthly in Sweden, based on estimated figures and settled yearly, resulting in zero tax payable in the balance sheet at 31.12.2025.
RECONCILIATION OF EFFECTIVE TAX RATE
| (NOKm) | 2025 | 2024 |
| Profit/(loss) before tax | 167.3 | 55.1 |
| Tax at nominal tax rate (22 %) | (36.8) | (12.1) |
| Non-deductible expenses and non-taxable income | (10.9) | 0.8 |
| Effect of other tax rates in subsidiaries | 0.6 | 0.2 |
| Changes in unrecognized deferred tax asset | 18.7 | (1.1) |
| Adjustments in respect to previous years | (2.6) | 0.3 |
| Other | (1.8) | 0.3 |
| Total tax payable for the period | (32.9) | (11.6) |
| Effective tax rate | 20 % | 21 % |
MOVEMENT IN DEFERRED TAX BALANCES
| (NOKm) | 31.12.2024 | Recognised in profit or loss | Acquisition and sale of businesses | Currency translation | 31.12.2025 |
| Property plant and equipment | 271.7 | (30.3) | (2.2) | 15.0 | 254.2 |
| Intangible assets | 170.3 | (65.4) | 109.3 | - | 214.2 |
| Projects in process | 202.1 | (73.6) | 359.4 | - | 487.9 |
| Other current assets | (51.0) | 22.6 | (2.8) | - | (31.2) |
| Provisions for liabilities | (18.2) | (11.3) | (23.2) | - | (52.7) |
| Tax allocation reserves, Sweden | 54.7 | (21.0) | - | 3.5 | 37.2 |
| Other temporary differences | 7.5 | 37.4 | 0.1 | - | 45.0 |
| Interest deductibility carried forward | (255.1) | (11.2) | - | - | (266.3) |
| Losses carried forward | (128.1) | 126.1 | - | - | (1.9) |
| Total basis related to deferred tax | 254.0 | (26.7) | 440.5 | 18.5 | 686.4 |
| Net deferred tax | (52.1) | 5.6 | (96.9) | (4.1) | (147.4) |
| | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Net deferred tax asset - not recognised in the accounts | 18.7 | (18.7) | - | - | - |
| Net deferred tax - recognised in the accounts | (70.8) | 24.3 | (96.9) | (4.1) | (147.4) |
Deferred tax assets have been recognised in respect of the total basis, because it is probable that future taxable profit will be available against which the Group can use the benefits therefrom.
| (NOKm) | Total | Norway | Abroad |
| Corporate income tax | (57.0) | (54.9) | (2.1) |
| Prepaid tax | 2.1 | - | 2.1 |
| Total tax payable 2024 | (54.9) | (0.0) | - |
Taxes paid abroad relates to the Swedish operations. Taxes are paid monthly in Sweden, based on estimated figures and settled yearly, resulting in zero tax payable in the balance sheet at 31.12.2025.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page95-cflshid_42084-tag450937": {
"value": "MOVEMENT IN DEFERRED TAX BALANCES
| (NOKm) | 31.12.2024 | Recognised in profit or loss | Acquisition and sale of businesses | Currency translation | 31.12.2025 |
| Property plant and equipment | 271.7 | (30.3) | (2.2) | 15.0 | 254.2 |
| Intangible assets | 170.3 | (65.4) | 109.3 | - | 214.2 |
| Projects in process | 202.1 | (73.6) | 359.4 | - | 487.9 |
| Other current assets | (51.0) | 22.6 | (2.8) | - | (31.2) |
| Provisions for liabilities | (18.2) | (11.3) | (23.2) | - | (52.7) |
| Tax allocation reserves, Sweden | 54.7 | (21.0) | - | 3.5 | 37.2 |
| Other temporary differences | 7.5 | 37.4 | 0.1 | - | 45.0 |
| Interest deductibility carried forward | (255.1) | (11.2) | - | - | (266.3) |
| Losses carried forward | (128.1) | 126.1 | - | - | (1.9) |
| Total basis related to deferred tax | 254.0 | (26.7) | 440.5 | 18.5 | 686.4 |
| Net deferred tax | (52.1) | 5.6 | (96.9) | (4.1) | (147.4) |
| | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Net deferred tax asset - not recognised in the accounts | 18.7 | (18.7) | - | - | - |
| Net deferred tax - recognised in the accounts | (70.8) | 24.3 | (96.9) | (4.1) | (147.4) |
Deferred tax assets have been recognised in respect of the total basis, because it is probable that future taxable profit will be available against which the Group can use the benefits therefrom.
NOTE 9:EARNINGS PER SHARE
The calculation of basic earnings per share has been based on the following profit attributable to ordinary shareholders and weighted-average number of shares outstanding.
| Profit (loss) attributable to ordinary shareholders (basic) (NOKm) | 2025 | 2024 |
| Profit (loss) attributable to ordinary shareholders (basic) | 134.4 | 43.5 |
| Weighted-average number of ordinary shares (basic) (million) | Date | 2025 | 2024 |
| Issued ordinary shares at 1 January | | 36.9 | 36.8 |
| Effect of shares issued related to share purchase program | 01/03/2024 | - | 0.1 |
| Effect of shares issued related to a business combination | 21/01/2025 | 0.9 | - |
| Effect of shares issued related to private placement | 05/03/2025 | 0.1 | - |
| Effect of shares issued related to private placement | 10/03/2025 | 4.9 | - |
| Effect of shares issued related to incentive shares | 17/03/2025 | 0.2 | - |
| Effect of shares issued related to a business combination | 20/03/2025 | 7.3 | - |
| Effect of shares issued related to share purchase program | 07/05/2025 | 0.4 | - |
| Weighted-average number of ordinary shares at 31 December | | 47.9 | 36.9 |
| Earnings per share in NOK (basic) | | 2.80 | 1.18 |
DILUTED EARNINGS PER SHARE
The calculation of diluted earnings per share has been based on the following profit attributable to ordinary shareholders and weighted- average number of shares outstanding after adjustment for the effects of all dilutive potential ordinary shares.
| Profit (loss) attributable to ordinary shareholders (diluted) (NOKm) | 2025 | 2024 |
| Profit (loss) attributable to ordinary shareholders (diluted) | 134.4 | 43.5 |
| Weighted-average number of ordinary shares (diluted) (million) | 2025 | 2024 |
| Weighted-average number of ordinary shares at 31 December | 47.9 | 36.9 |
| Dilution effect of outstanding options | 0.9 | 0.5 |
| Weighted-average number of ordinary shares at 31 December (diluted) | 48.8 | 37.4 |
| Earnings per share in NOK (diluted) | 2.75 | 1.16 |
At 31 December 2025, 2,876,317 outstanding options were included in the diluted weighted-average number of ordinary shares calculation. At 31 December 2024, 3,334,017 outstanding options were included in the diluted weighted-average number of ordinary shares calculation.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page97-cflshid_43008-tag450964": {
"value": "NOTE 10: INTANGIBLE ASSETS
Intangible assets that have been acquired separately are carried at cost. The costs of intangible assets acquired through an acquisition are recognised at their fair value in the Group\u2019s opening balance sheet. Capitalised intangible assets are recognised at cost less any amortization and impairment losses. Intangible assets with a definite economic life are amortised over their economic life and tested for impairment if there are any indications. The amortization method and period are assessed at least once a year. Changes to the amortization method and/or period are accounted for as a change in estimate.
Internally generated intangible assets, excluding capitalised development costs, are not capitalised but are expensed as occurred.
The economic life is either definite or indefinite. Intangible assets with an indefinite economic life and goodwill are tested for impairment at least once a year, either individually or as a part of a cash-generating unit. Intangible assets with an indefinite economic life and goodwill are not amortised. The economic life is assessed annually with regard to whether the assumption of an indefinite economic life can be justified. If it cannot, the change to a definite economic life is made prospectively.
| 2025 (NOKm) | Note | Licenses, patents, etc. | Customer relationship | Order backlog | Goodwill | Total |
| Acquisition cost 1 Jan. 2025 | | 101.8 | 186.7 | 31.1 | 1 213.5 | 1 533.2 |
| Addition | | 8.3 | - | - | - | 8.3 |
| Addition through business combinations | 3 | 18.5 | - | 109.3 | 1 344.8 | 1 472.6 |
| Currency adjustment | | - | - | - | 5.7 | 5.7 |
| Acquisition cost 31 Dec. 2025 | | 128.6 | 186.7 | 140.4 | 2 564.1 | 3 019.8 |
| Accumulated depreciations/impairment as of 1 Jan. 2025 | | (38.3) | (71.4) | (28.3) | (42.3) | (180.3) |
| Current year's depreciations | | (14.0) | (18.7) | (38.3) | - | (71.0) |
| Current year's impairment | | - | - | - | - | - |
| Addition through business combinations | 3 | (11.7) | - | - | - | (11.7) |
| Accumulated depreciations/impairments as of 31 Dec. 2025 | \u00a0 | (64.0) | (90.1) | (66.6) | (42.3) | (263.0) |
| Book value 31. Dec 2025 | | 64.6 | 96.6 | 73.8 | 2 521.8 | 2 756.8 |
| Amortization rates | | 10 years | 7 years | 2.5 years | Impairment | |
| Amortization plan | | Linear | Linear | Linear | test | |
| 2024 (NOKm) | Note | Licenses, patents, etc. | Customer relationship | Order backlog | Goodwill | Total |
| Acquisition cost 1 Jan. 2024 | | 100.3 | 186.7 | 31.1 | 1 202.2 | 1 520.2 |
| Addition | | 1.5 | - | - | - | 1.5 |
| Addition through business combinations | 3 | - | - | - | 10.9 | 10.9 |
| Currency adjustment | | - | - | - | 1.4 | 1.4 |
| Other changes | | - | - | - | (1.0) | (1.0) |
| Acquisition cost 31 Dec. 2024 | | 101.8 | 186.7 | 31.1 | 1 213.5 | 1 533.2 |
| Accumulated depreciations/impairment as of 1 Jan. 2024 | | (26.6) | (52.8) | (26.1) | (42.3) | (147.6) |
| Current year's depreciations | | (11.7) | (18.7) | (2.2) | - | (32.5) |
| Current year's impairment | | - | - | - | - | - |
| Accumulated depreciations/impairments as of 31 Dec. 2024 | \u00a0 | (38.3) | (71.4) | (28.3) | (42.3) | (180.3) |
| Book value 31. Dec 2024 | | 63.5 | 115.3 | 2.8 | 1 171.2 | 1 352.9 |
| Amortization rates | | 10 years | 7 years | 2.5 years | Impairment | |
| Amortization plan | | Linear | Linear | Linear | test | |
See note 12 for details regarding impairment-testing.
NOTE 10: INTANGIBLE ASSETS
Intangible assets that have been acquired separately are carried at cost. The costs of intangible assets acquired through an acquisition are recognised at their fair value in the Group\u2019s opening balance sheet. Capitalised intangible assets are recognised at cost less any amortization and impairment losses. Intangible assets with a definite economic life are amortised over their economic life and tested for impairment if there are any indications. The amortization method and period are assessed at least once a year. Changes to the amortization method and/or period are accounted for as a change in estimate.
Internally generated intangible assets, excluding capitalised development costs, are not capitalised but are expensed as occurred.
The economic life is either definite or indefinite. Intangible assets with an indefinite economic life and goodwill are tested for impairment at least once a year, either individually or as a part of a cash-generating unit. Intangible assets with an indefinite economic life and goodwill are not amortised. The economic life is assessed annually with regard to whether the assumption of an indefinite economic life can be justified. If it cannot, the change to a definite economic life is made prospectively.
| 2025 (NOKm) | Note | Licenses, patents, etc. | Customer relationship | Order backlog | Goodwill | Total |
| Acquisition cost 1 Jan. 2025 | | 101.8 | 186.7 | 31.1 | 1 213.5 | 1 533.2 |
| Addition | | 8.3 | - | - | - | 8.3 |
| Addition through business combinations | 3 | 18.5 | - | 109.3 | 1 344.8 | 1 472.6 |
| Currency adjustment | | - | - | - | 5.7 | 5.7 |
| Acquisition cost 31 Dec. 2025 | | 128.6 | 186.7 | 140.4 | 2 564.1 | 3 019.8 |
| Accumulated depreciations/impairment as of 1 Jan. 2025 | | (38.3) | (71.4) | (28.3) | (42.3) | (180.3) |
| Current year's depreciations | | (14.0) | (18.7) | (38.3) | - | (71.0) |
| Current year's impairment | | - | - | - | - | - |
| Addition through business combinations | 3 | (11.7) | - | - | - | (11.7) |
| Accumulated depreciations/impairments as of 31 Dec. 2025 | \u00a0 | (64.0) | (90.1) | (66.6) | (42.3) | (263.0) |
| Book value 31. Dec 2025 | | 64.6 | 96.6 | 73.8 | 2 521.8 | 2 756.8 |
| Amortization rates | | 10 years | 7 years | 2.5 years | Impairment | |
| Amortization plan | | Linear | Linear | Linear | test | |
| 2024 (NOKm) | Note | Licenses, patents, etc. | Customer relationship | Order backlog | Goodwill | Total |
| Acquisition cost 1 Jan. 2024 | | 100.3 | 186.7 | 31.1 | 1 202.2 | 1 520.2 |
| Addition | | 1.5 | - | - | - | 1.5 |
| Addition through business combinations | 3 | - | - | - | 10.9 | 10.9 |
| Currency adjustment | | - | - | - | 1.4 | 1.4 |
| Other changes | | - | - | - | (1.0) | (1.0) |
| Acquisition cost 31 Dec. 2024 | | 101.8 | 186.7 | 31.1 | 1 213.5 | 1 533.2 |
| Accumulated depreciations/impairment as of 1 Jan. 2024 | | (26.6) | (52.8) | (26.1) | (42.3) | (147.6) |
| Current year's depreciations | | (11.7) | (18.7) | (2.2) | - | (32.5) |
| Current year's impairment | | - | - | - | - | - |
| Accumulated depreciations/impairments as of 31 Dec. 2024 | \u00a0 | (38.3) | (71.4) | (28.3) | (42.3) | (180.3) |
| Book value 31. Dec 2024 | | 63.5 | 115.3 | 2.8 | 1 171.2 | 1 352.9 |
| Amortization rates | | 10 years | 7 years | 2.5 years | Impairment | |
| Amortization plan | | Linear | Linear | Linear | test | |
See note 12 for details regarding impairment-testing.
NOTE 11: PROPERTY, PLANT AND EQUIPMENT
Property plant and equipment are valued at their cost less accumulated depreciation and impairment losses. When assets are sold or disposed of, the carrying amount is derecognised and any gain or loss is recognised in the statement of comprehensive income.The cost of property plant and equipment is the purchase price, including taxes/duties and costs directly linked to preparing the asset ready for its intended use. Costs incurred after the asset is in use, such as regular maintenance costs, are recognised in the statement of comprehensive income, while other costs that are expected to provide future financial benefits are capitalised.
The depreciation period and method are assessed each year. A residual value and useful life is estimated at each year-end, and changes to the estimated residual value and useful life are recognised as a change in an estimate.
Considerations of climate effects in estimating the useful life
Several of the Group\u2019s subsidiaries operate in niche markets with a significant amount of specialized land-based and sea-based machinery and equipment. Future regulatory requirements and contractual demands may affect the useful life of certain assets, particularly where stricter environmental standards or customer expectations drive the need for equipment upgrades or replacements.
As part of our ongoing assessment, we have evaluated the potential financial impact of these factors on the estimated useful life of the Group\u2019s
machinery and equipment. While no immediate adjustments have been made to carrying amounts, End\u00far will continue to monitor potential changes in asset requirements and adjust capital expenditure plans accordingly. The transition to lower-emission alternatives remains contingent on technological advancements and the availability of suitable equipment from market suppliers. At present, fully viable substitutes for certain specialized machinery remain limited, and large-scale replacements would require further development in market infrastructure and equipment capabilities. Given these uncertainties, the expected financial impact of short- and mid-term capital expenditures is not considered to have a material effect at this stage, as the replacement of machinery and equipment will be evaluated based on operational needs, regulatory developments, and contract-specific requirements.
| 2025 (NOKm) | Note | Land, buildings | Machinery and other equipment | Total |
| Acquisition cost as of 1 Jan. 2025 | | 59.5 | 1 134.3 | 1 193.8 |
| Additions | | 10.3 | 48.0 | 58.3 |
| Additions through business combinations | 3 | - | 35.5 | 35.5 |
| Disposals | | - | (82.1) | (82.1) |
| Currency adjustment | | 1.8 | 46.0 | 47.8 |
| Acquisition cost as of 31 Dec. 2025 | | 71.6 | 1 181.8 | 1 253.4 |
| Accumulated depreciations as of 1 Jan. 2025 | | (24.2) | (726.1) | (750.4) |
| Additions through business combinations | 3 | - | (17.8) | (17.8) |
| Current year's depreciation | | (2.7) | (85.9) | (88.6) |
| Disposals | | - | 74.0 | 74.0 |
| Currency adjustment | | (0.8) | (28.5) | (29.2) |
| Accumulated depreciations as of 31 Dec. 2025 | | (27.7) | (784.4) | (812.1) |
| Book value 31. Dec 2025 | | 43.9 | 397.5 | 441.3 |
| Depreciation rates | | 0-20 years | 2-10 years | |
| Depreciation plan | | Linear | Linear | |
| 2024 (NOKm) | Note | Land, buildings | Machinery and other equipment | Total |
| Acquisition cost as of 1 Jan. 2024 | | 57.8 | 1 015.5 | 1 073.3 |
| Acquisitions | | 4.6 | 52.0 | 56.6 |
| Acquisitions through business combinations | | - | 86.1 | 86.1 |
| Disposals | | (3.3) | (32.7) | (36.0) |
| Currency adjustment | | 0.4 | 13.4 | 13.9 |
| Acquisition cost as of 31 Dec. 2024 | | 59.5 | 1 134.3 | 1 193.8 |
| Accumulated depreciations as of 1 Jan. 2024 | | (21.7) | (585.3) | (607.0) |
| Additions through business combinations | | - | (76.7) | (76.7) |
| Current year's depreciation | | (2.3) | (82.8) | (85.1) |
| Current year's impairment | | - | (0.4) | (0.4) |
| Disposals | | - | 26.6 | 26.6 |
| Currency adjustment | | (0.2) | (7.6) | (7.7) |
| Accumulated depreciations as of 31 Dec. 2024 | | (24.2) | (726.1) | (750.4) |
| Book value 31. Dec 2024 | | 35.3 | 408.2 | 443.5 |
| Depreciation rates | | 0-20 years | 2-10 years | |
| Depreciation plan | | Linear | Linear | |
RIGHT-OF-USE ASSETS
| 2025 (NOKm) | Note | Building, property | Machinery, equipment | Vehicles, vessels | Other office equipment | Total |
| Acquisition cost 1 Jan. 2025 | | 156.4 | 132.1 | 185.5 | 3.1 | 477.1 |
| Additions of right-of-use assets | | 19.4 | 94.1 | 81.0 | 4.0 | 198.6 |
| Additions through business acquisitions | 3 | 99.4 | 42.9 | 9.9 | 0.5 | 152.7 |
| Disposals | | (43.0) | (27.4) | (34.2) | (0.3) | (105.0) |
| Currency exchange differences | | 0.5 | 1.9 | 1.7 | 0.1 | 4.2 |
| Other changes | | 0.9 | 0.4 | (0.4) | 0.1 | 0.9 |
| Acquisition cost 31 Dec. 2025 | | 233.5 | 244.0 | 243.5 | 7.4 | 728.4 |
| Accumulated depreciations 1 Jan. 2025 | | (81.0) | (35.1) | (43.4) | (1.3) | (160.9) |
| Depreciation | | (51.2) | (69.3) | (51.3) | (2.0) | (173.8) |
| Disposals | | 41.1 | 22.5 | 13.1 | 0.1 | 76.8 |
| Currency exchange differences | | (0.3) | (0.8) | (0.1) | 0.0 | (2.2) |
| Accumulated depreciations 31 Dec. 2025 | | (91.5) | (82.8) | (82.6) | (3.2) | (260.1) |
| | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Book value 31. Dec 2025 | | 142.0 | 161.2 | 160.9 | 4.2 | 468.4 |
| 2024 (NOKm) | Note | Building, property | Machinery, equipment | Vehicles, vessels | Other office equipment | Total |
| Acquisition cost 1 Jan. 2024 | | 127.9 | 84.1 | 119.6 | 2.1 | 333.7 |
| Additions of right-of-use assets | | 31.9 | 55.4 | 86.9 | 1.0 | 175.3 |
| Additions through business acquisitions | 3 | 0.4 | - | 0.5 | - | 0.9 |
| Disposals | | (4.0) | (7.4) | (21.7) | (0.0) | (33.1) |
| Currency exchange differences | | 0.0 | 0.0 | (0.0) | 0.0 | 0.1 |
| Other changes | | 0.1 | 0.0 | 0.2 | 0.0 | 0.3 |
| Acquisition cost 31 Dec. 2024 | | 156.4 | 132.1 | 185.5 | 3.1 | 477.1 |
| Accumulated depreciations 1 Jan. 2024 | | (55.1) | (9.1) | (16.4) | (0.5) | (81.1) |
| Depreciation | | (29.2) | (32.7) | (41.2) | (0.8) | (103.9) |
| Disposals | | 2.9 | 6.8 | 14.3 | - | 24.0 |
| Currency exchange differences | | (0.0) | 0.0 | (0.0) | (0.0) | (0.1) |
| Other changes | | 0.4 | (0.1) | (0.2) | 0.0 | 0.2 |
| Accumulated depreciations 31 Dec. 2024 | | (81.0) | (35.1) | (43.4) | (1.3) | (160.9) |
| | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Book value 31. Dec 2024 | | 75.3 | 97.0 | 142.1 | 1.8 | 316.2 |
NOTE 10: INTANGIBLE ASSETS
Intangible assets that have been acquired separately are carried at cost. The costs of intangible assets acquired through an acquisition are recognised at their fair value in the Group\u2019s opening balance sheet. Capitalised intangible assets are recognised at cost less any amortization and impairment losses. Intangible assets with a definite economic life are amortised over their economic life and tested for impairment if there are any indications. The amortization method and period are assessed at least once a year. Changes to the amortization method and/or period are accounted for as a change in estimate.
Internally generated intangible assets, excluding capitalised development costs, are not capitalised but are expensed as occurred.
The economic life is either definite or indefinite. Intangible assets with an indefinite economic life and goodwill are tested for impairment at least once a year, either individually or as a part of a cash-generating unit. Intangible assets with an indefinite economic life and goodwill are not amortised. The economic life is assessed annually with regard to whether the assumption of an indefinite economic life can be justified. If it cannot, the change to a definite economic life is made prospectively.
| 2025 (NOKm) | Note | Licenses, patents, etc. | Customer relationship | Order backlog | Goodwill | Total |
| Acquisition cost 1 Jan. 2025 | | 101.8 | 186.7 | 31.1 | 1 213.5 | 1 533.2 |
| Addition | | 8.3 | - | - | - | 8.3 |
| Addition through business combinations | 3 | 18.5 | - | 109.3 | 1 344.8 | 1 472.6 |
| Currency adjustment | | - | - | - | 5.7 | 5.7 |
| Acquisition cost 31 Dec. 2025 | | 128.6 | 186.7 | 140.4 | 2 564.1 | 3 019.8 |
| Accumulated depreciations/impairment as of 1 Jan. 2025 | | (38.3) | (71.4) | (28.3) | (42.3) | (180.3) |
| Current year's depreciations | | (14.0) | (18.7) | (38.3) | - | (71.0) |
| Current year's impairment | | - | - | - | - | - |
| Addition through business combinations | 3 | (11.7) | - | - | - | (11.7) |
| Accumulated depreciations/impairments as of 31 Dec. 2025 | \u00a0 | (64.0) | (90.1) | (66.6) | (42.3) | (263.0) |
| Book value 31. Dec 2025 | | 64.6 | 96.6 | 73.8 | 2 521.8 | 2 756.8 |
| Amortization rates | | 10 years | 7 years | 2.5 years | Impairment | |
| Amortization plan | | Linear | Linear | Linear | test | |
| 2024 (NOKm) | Note | Licenses, patents, etc. | Customer relationship | Order backlog | Goodwill | Total |
| Acquisition cost 1 Jan. 2024 | | 100.3 | 186.7 | 31.1 | 1 202.2 | 1 520.2 |
| Addition | | 1.5 | - | - | - | 1.5 |
| Addition through business combinations | 3 | - | - | - | 10.9 | 10.9 |
| Currency adjustment | | - | - | - | 1.4 | 1.4 |
| Other changes | | - | - | - | (1.0) | (1.0) |
| Acquisition cost 31 Dec. 2024 | | 101.8 | 186.7 | 31.1 | 1 213.5 | 1 533.2 |
| Accumulated depreciations/impairment as of 1 Jan. 2024 | | (26.6) | (52.8) | (26.1) | (42.3) | (147.6) |
| Current year's depreciations | | (11.7) | (18.7) | (2.2) | - | (32.5) |
| Current year's impairment | | - | - | - | - | - |
| Accumulated depreciations/impairments as of 31 Dec. 2024 | \u00a0 | (38.3) | (71.4) | (28.3) | (42.3) | (180.3) |
| Book value 31. Dec 2024 | | 63.5 | 115.3 | 2.8 | 1 171.2 | 1 352.9 |
| Amortization rates | | 10 years | 7 years | 2.5 years | Impairment | |
| Amortization plan | | Linear | Linear | Linear | test | |
See note 12 for details regarding impairment-testing.
NOTE 10: INTANGIBLE ASSETS
Intangible assets that have been acquired separately are carried at cost. The costs of intangible assets acquired through an acquisition are recognised at their fair value in the Group\u2019s opening balance sheet. Capitalised intangible assets are recognised at cost less any amortization and impairment losses. Intangible assets with a definite economic life are amortised over their economic life and tested for impairment if there are any indications. The amortization method and period are assessed at least once a year. Changes to the amortization method and/or period are accounted for as a change in estimate.
Internally generated intangible assets, excluding capitalised development costs, are not capitalised but are expensed as occurred.
The economic life is either definite or indefinite. Intangible assets with an indefinite economic life and goodwill are tested for impairment at least once a year, either individually or as a part of a cash-generating unit. Intangible assets with an indefinite economic life and goodwill are not amortised. The economic life is assessed annually with regard to whether the assumption of an indefinite economic life can be justified. If it cannot, the change to a definite economic life is made prospectively.
| 2025 (NOKm) | Note | Licenses, patents, etc. | Customer relationship | Order backlog | Goodwill | Total |
| Acquisition cost 1 Jan. 2025 | | 101.8 | 186.7 | 31.1 | 1 213.5 | 1 533.2 |
| Addition | | 8.3 | - | - | - | 8.3 |
| Addition through business combinations | 3 | 18.5 | - | 109.3 | 1 344.8 | 1 472.6 |
| Currency adjustment | | - | - | - | 5.7 | 5.7 |
| Acquisition cost 31 Dec. 2025 | | 128.6 | 186.7 | 140.4 | 2 564.1 | 3 019.8 |
| Accumulated depreciations/impairment as of 1 Jan. 2025 | | (38.3) | (71.4) | (28.3) | (42.3) | (180.3) |
| Current year's depreciations | | (14.0) | (18.7) | (38.3) | - | (71.0) |
| Current year's impairment | | - | - | - | - | - |
| Addition through business combinations | 3 | (11.7) | - | - | - | (11.7) |
| Accumulated depreciations/impairments as of 31 Dec. 2025 | \u00a0 | (64.0) | (90.1) | (66.6) | (42.3) | (263.0) |
| Book value 31. Dec 2025 | | 64.6 | 96.6 | 73.8 | 2 521.8 | 2 756.8 |
| Amortization rates | | 10 years | 7 years | 2.5 years | Impairment | |
| Amortization plan | | Linear | Linear | Linear | test | |
| 2024 (NOKm) | Note | Licenses, patents, etc. | Customer relationship | Order backlog | Goodwill | Total |
| Acquisition cost 1 Jan. 2024 | | 100.3 | 186.7 | 31.1 | 1 202.2 | 1 520.2 |
| Addition | | 1.5 | - | - | - | 1.5 |
| Addition through business combinations | 3 | - | - | - | 10.9 | 10.9 |
| Currency adjustment | | - | - | - | 1.4 | 1.4 |
| Other changes | | - | - | - | (1.0) | (1.0) |
| Acquisition cost 31 Dec. 2024 | | 101.8 | 186.7 | 31.1 | 1 213.5 | 1 533.2 |
| Accumulated depreciations/impairment as of 1 Jan. 2024 | | (26.6) | (52.8) | (26.1) | (42.3) | (147.6) |
| Current year's depreciations | | (11.7) | (18.7) | (2.2) | - | (32.5) |
| Current year's impairment | | - | - | - | - | - |
| Accumulated depreciations/impairments as of 31 Dec. 2024 | \u00a0 | (38.3) | (71.4) | (28.3) | (42.3) | (180.3) |
| Book value 31. Dec 2024 | | 63.5 | 115.3 | 2.8 | 1 171.2 | 1 352.9 |
| Amortization rates | | 10 years | 7 years | 2.5 years | Impairment | |
| Amortization plan | | Linear | Linear | Linear | test | |
See note 12 for details regarding impairment-testing.
NOTE 10: INTANGIBLE ASSETS
Intangible assets that have been acquired separately are carried at cost. The costs of intangible assets acquired through an acquisition are recognised at their fair value in the Group\u2019s opening balance sheet. Capitalised intangible assets are recognised at cost less any amortization and impairment losses. Intangible assets with a definite economic life are amortised over their economic life and tested for impairment if there are any indications. The amortization method and period are assessed at least once a year. Changes to the amortization method and/or period are accounted for as a change in estimate.
Internally generated intangible assets, excluding capitalised development costs, are not capitalised but are expensed as occurred.
The economic life is either definite or indefinite. Intangible assets with an indefinite economic life and goodwill are tested for impairment at least once a year, either individually or as a part of a cash-generating unit. Intangible assets with an indefinite economic life and goodwill are not amortised. The economic life is assessed annually with regard to whether the assumption of an indefinite economic life can be justified. If it cannot, the change to a definite economic life is made prospectively.
| 2025 (NOKm) | Note | Licenses, patents, etc. | Customer relationship | Order backlog | Goodwill | Total |
| Acquisition cost 1 Jan. 2025 | | 101.8 | 186.7 | 31.1 | 1 213.5 | 1 533.2 |
| Addition | | 8.3 | - | - | - | 8.3 |
| Addition through business combinations | 3 | 18.5 | - | 109.3 | 1 344.8 | 1 472.6 |
| Currency adjustment | | - | - | - | 5.7 | 5.7 |
| Acquisition cost 31 Dec. 2025 | | 128.6 | 186.7 | 140.4 | 2 564.1 | 3 019.8 |
| Accumulated depreciations/impairment as of 1 Jan. 2025 | | (38.3) | (71.4) | (28.3) | (42.3) | (180.3) |
| Current year's depreciations | | (14.0) | (18.7) | (38.3) | - | (71.0) |
| Current year's impairment | | - | - | - | - | - |
| Addition through business combinations | 3 | (11.7) | - | - | - | (11.7) |
| Accumulated depreciations/impairments as of 31 Dec. 2025 | \u00a0 | (64.0) | (90.1) | (66.6) | (42.3) | (263.0) |
| Book value 31. Dec 2025 | | 64.6 | 96.6 | 73.8 | 2 521.8 | 2 756.8 |
| Amortization rates | | 10 years | 7 years | 2.5 years | Impairment | |
| Amortization plan | | Linear | Linear | Linear | test | |
| 2024 (NOKm) | Note | Licenses, patents, etc. | Customer relationship | Order backlog | Goodwill | Total |
| Acquisition cost 1 Jan. 2024 | | 100.3 | 186.7 | 31.1 | 1 202.2 | 1 520.2 |
| Addition | | 1.5 | - | - | - | 1.5 |
| Addition through business combinations | 3 | - | - | - | 10.9 | 10.9 |
| Currency adjustment | | - | - | - | 1.4 | 1.4 |
| Other changes | | - | - | - | (1.0) | (1.0) |
| Acquisition cost 31 Dec. 2024 | | 101.8 | 186.7 | 31.1 | 1 213.5 | 1 533.2 |
| Accumulated depreciations/impairment as of 1 Jan. 2024 | | (26.6) | (52.8) | (26.1) | (42.3) | (147.6) |
| Current year's depreciations | | (11.7) | (18.7) | (2.2) | - | (32.5) |
| Current year's impairment | | - | - | - | - | - |
| Accumulated depreciations/impairments as of 31 Dec. 2024 | \u00a0 | (38.3) | (71.4) | (28.3) | (42.3) | (180.3) |
| Book value 31. Dec 2024 | | 63.5 | 115.3 | 2.8 | 1 171.2 | 1 352.9 |
| Amortization rates | | 10 years | 7 years | 2.5 years | Impairment | |
| Amortization plan | | Linear | Linear | Linear | test | |
See note 12 for details regarding impairment-testing.
NOTE 11: PROPERTY, PLANT AND EQUIPMENT
Property plant and equipment are valued at their cost less accumulated depreciation and impairment losses. When assets are sold or disposed of, the carrying amount is derecognised and any gain or loss is recognised in the statement of comprehensive income.The cost of property plant and equipment is the purchase price, including taxes/duties and costs directly linked to preparing the asset ready for its intended use. Costs incurred after the asset is in use, such as regular maintenance costs, are recognised in the statement of comprehensive income, while other costs that are expected to provide future financial benefits are capitalised.
The depreciation period and method are assessed each year. A residual value and useful life is estimated at each year-end, and changes to the estimated residual value and useful life are recognised as a change in an estimate.
Considerations of climate effects in estimating the useful life
Several of the Group\u2019s subsidiaries operate in niche markets with a significant amount of specialized land-based and sea-based machinery and equipment. Future regulatory requirements and contractual demands may affect the useful life of certain assets, particularly where stricter environmental standards or customer expectations drive the need for equipment upgrades or replacements.
As part of our ongoing assessment, we have evaluated the potential financial impact of these factors on the estimated useful life of the Group\u2019s
machinery and equipment. While no immediate adjustments have been made to carrying amounts, End\u00far will continue to monitor potential changes in asset requirements and adjust capital expenditure plans accordingly. The transition to lower-emission alternatives remains contingent on technological advancements and the availability of suitable equipment from market suppliers. At present, fully viable substitutes for certain specialized machinery remain limited, and large-scale replacements would require further development in market infrastructure and equipment capabilities. Given these uncertainties, the expected financial impact of short- and mid-term capital expenditures is not considered to have a material effect at this stage, as the replacement of machinery and equipment will be evaluated based on operational needs, regulatory developments, and contract-specific requirements.
| 2025 (NOKm) | Note | Land, buildings | Machinery and other equipment | Total |
| Acquisition cost as of 1 Jan. 2025 | | 59.5 | 1 134.3 | 1 193.8 |
| Additions | | 10.3 | 48.0 | 58.3 |
| Additions through business combinations | 3 | - | 35.5 | 35.5 |
| Disposals | | - | (82.1) | (82.1) |
| Currency adjustment | | 1.8 | 46.0 | 47.8 |
| Acquisition cost as of 31 Dec. 2025 | | 71.6 | 1 181.8 | 1 253.4 |
| Accumulated depreciations as of 1 Jan. 2025 | | (24.2) | (726.1) | (750.4) |
| Additions through business combinations | 3 | - | (17.8) | (17.8) |
| Current year's depreciation | | (2.7) | (85.9) | (88.6) |
| Disposals | | - | 74.0 | 74.0 |
| Currency adjustment | | (0.8) | (28.5) | (29.2) |
| Accumulated depreciations as of 31 Dec. 2025 | | (27.7) | (784.4) | (812.1) |
| Book value 31. Dec 2025 | | 43.9 | 397.5 | 441.3 |
| Depreciation rates | | 0-20 years | 2-10 years | |
| Depreciation plan | | Linear | Linear | |
| 2024 (NOKm) | Note | Land, buildings | Machinery and other equipment | Total |
| Acquisition cost as of 1 Jan. 2024 | | 57.8 | 1 015.5 | 1 073.3 |
| Acquisitions | | 4.6 | 52.0 | 56.6 |
| Acquisitions through business combinations | | - | 86.1 | 86.1 |
| Disposals | | (3.3) | (32.7) | (36.0) |
| Currency adjustment | | 0.4 | 13.4 | 13.9 |
| Acquisition cost as of 31 Dec. 2024 | | 59.5 | 1 134.3 | 1 193.8 |
| Accumulated depreciations as of 1 Jan. 2024 | | (21.7) | (585.3) | (607.0) |
| Additions through business combinations | | - | (76.7) | (76.7) |
| Current year's depreciation | | (2.3) | (82.8) | (85.1) |
| Current year's impairment | | - | (0.4) | (0.4) |
| Disposals | | - | 26.6 | 26.6 |
| Currency adjustment | | (0.2) | (7.6) | (7.7) |
| Accumulated depreciations as of 31 Dec. 2024 | | (24.2) | (726.1) | (750.4) |
| Book value 31. Dec 2024 | | 35.3 | 408.2 | 443.5 |
| Depreciation rates | | 0-20 years | 2-10 years | |
| Depreciation plan | | Linear | Linear | |
NOTE 12:IMPAIRMENT OF ASSETS
The carrying amounts of the Group\u2019s assets, other than employee benefit assets, inventories, deferred tax assets and derivatives are reviewed at the end of each reporting period to determine whether there is any indication of impairment. If an indication of impairment exists, the asset\u2019s recoverable amount is estimated.Cash-generating units (CGU) containing goodwill, assets that have an indefinite useful life and intangible assets that are not yet available for use are tested for impairment annually.
The recoverable amount is the greater of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a post-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For an asset that does not generate largely independent cash inflows, the recoverable amount is determined for the CGU to which the asset belongs.
An impairment loss is recognised whenever the carrying amount of an asset or its CGU exceeds its recoverable amount. Impairment losses are recognised in the income statement. An impairment loss recognised in respect of CGU is allocated first to goodwill and then to the other assets in the unit (group of units) on a pro rata basis.
An impairment loss on goodwill is not reversed. An impairment loss on other assets is reversed if there has been a change in the estimates used to determine the recoverable amount, and the change can be objectively related to an event occurring after the impairment was recognised. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognised.
IMPAIRMENT TESTING OF GOODWILL
End\u00far`s goodwill originates from several business combinations. Goodwill has been allocated to the Group\u2019s cash generating units as follows:
| (NOKm) | 2025 | 2024 |
| Aquaculture Solutions - Artec Aqua VAQ AS | 531.1 | 413.8 |
| Aquaculture Solutions - End\u00far Sj\u00f8sterk AS | 48.5 | 48.5 |
| Aquaculture Solutions - HAV Elektro AS | 0.3 | 1.2 |
| Infrastructure - Marcon Gruppen i Sverige AB | 89.7 | 84.3 |
| Infrastructure - BMO Entrepren\u00f8r AS | 271.3 | 271.3 |
| Infrastructure - Nero Anlegg AS | 0.8 | |
| Infrastructure - Repstad Anlegg AS | 328.0 | 328.0 |
| Infrastructure - Total Betong AS | 893.9 | |
| Infrastructure - Igang Totalentrepren\u00f8r AS | 70.5 | |
| Infrastructure - Habto Holding AS | 251.6 | |
| Infrastructure - Propoint Survey AS | 11.7 | |
| Other - End\u00far Maritime AS | 15.7 | 15.7 |
| Total goodwill | 2 512.9 | 1 162.7 |
There were no impairment losses in 2025 and 2024.
Considerations of climate effects in estimating the recoverable amount.
End\u00far has assessed potential climate-related risks as part of its impairment testing in accordance with IAS 36, including acquired operations in 2025. The double materiality assessment conducted as part of the CSRD framework, and updated to reflect the expanded Group following recent acquisitions, has identified climate-related uncertainties that could influence financial projections, particularly within the Infrastructure and Aquaculture segments.
For Infrastructure, regulatory developments related to stricter environmental requirements, carbon reduction measures and increasing emissions-related requirements for materials may affect project costs and execution timelines. While such changes may introduce short-term margin pressure and project delays, they are to some extent expected to be balanced out over time through industry adaptation, contract adjustments, and evolving market
conditions. Additionally, exposure to supply chain constraints and extreme weather events pose operational risks, potentially increasing project costs and affecting revenue recognition timelines. However, given End\u00far\u2019s diversified geographical footprint and project portfolio, no immediate impairment triggers have been identified in this regard.In the Aquaculture segment, the impairment analysis has considered market demand shifts driven by sustainability concerns, regulatory changes, and evolving industry standards. Following recent acquisitions, the Group has further strengthened its activities within land-based aquaculture and related project execution. While land-based aquaculture continues to gain traction due to stricter regulations on traditional offshore fish farming, financial projections reflect a conservative margin assumption to account for potential project delays, execution risk, and cost fluctuations linked to energy pricing, environmental policies, and permitting processes.
End\u00far continuously monitors the evolving climate risk landscape, ensuring that financial estimates and impairment assessments, including those related to acquired operations, remain aligned with the latest regulatory, market, and operational developments.
Aquaculture solutions - Artec Aqua VAQ AS
Following the merger of VAQ AS (including VAQ ApS) with Artec Aqua AS in November 2025, the combined operations are assessed as a single cash-generating unit, Artec Aqua VAQ AS. As of 31.12.2025, the value in use has been used in order to determine recoverable amount. The calculations are based upon estimated future cash flows for the cash generating unit, Artec Aqua VAQ AS. The calculations are based upon budgets and long-term profit goals for the period 2026 up to and including 2030. Budgeted EBITDA is based on expectations for future results taking into account experience from historical results. For subsequent periods, a growth rate of 2.5 % has been used, which is in line with the expected inflation rate. WACC of 10.9 % before tax (9.3 % after tax) and EBITDA-margins of 2.0-6.0 % has been used. Estimated recoverable amount of cash-generating unit exceeds book value, and no reasonably possible change in key assumptions would result in an impairment of goodwill.
Aquaculture solutions - End\u00far Sj\u00f8sterk AS
The cash-generating unit End\u00far Sj\u00f8sterk AS includes its subsidiary HAV Elektro AS acquired in December 2024. As of 31.12.2025, the value in use has been used in order to determine recoverable amount. The calculations are based upon estimated future cash flows for the
cash generating unit, End\u00far Sj\u00f8sterk AS. The calculations are based upon budgets and long-term profit goals for the period 2026 up to and including 2030. Budgeted EBITDA is based on expectations for future results taking into account experience from historical results. For subsequent periods, a growth rate of 2.5 % has been used, which is in line with the expected inflation rate. WACC of 11.3 % before tax (9.3 % after tax) and EBITDA-margin of 10.0-11.5 % has been used. Estimated recoverable amount of cash-generating unit exceeds book value, and no reasonably possible change in key assumptions would result in an impairment of goodwill. Infrastructure - Marcon-Gruppen i Sverige AB
As of 31.12.2025, the value in use has been used in order to determine recoverable amount. The calculations are based upon estimated future cash flows for the cash generating unit, Marcon-Gruppen i Sverige AB. The calculations are based upon budgets and long-term profit goals for the period 2026 up to and including 2030. Budgeted EBITDA is based on expectations for future results taking into account experience from historical results. For subsequent periods, a growth rate of 2.5 % has been used, which is in line with the expected inflation rate. WACC of 9.7 % before tax (8.4 % after tax) and EBITDA-margin of 12.5-14.5 % has been used. Estimated recoverable amount of cash-generating unit exceeds book value, and no reasonably possible change in key assumptions would result in an impairment of goodwill.
Infrastructure \u2013 Repstad Anlegg AS
As of 31.12.2025, the value in use has been used in order to determine recoverable amount. The calculations are based upon estimated future cash flows for the cash generating unit, Repstad Anlegg AS. The calculations are based upon budgets and long-term profit goals for the period 2026 up to and including 2030. Budgeted EBITDA is based on expectations for future results taking into account experience from historical results. For subsequent periods, a growth rate of 2.5 % has been used, which is in line with the expected inflation rate. WACC of 10.1 % before tax (8.4 % after tax) and EBITDA-margin of 8.5-9.6 % has been used. Estimated recoverable amount of cash-generating unit exceeds book value, and no reasonably possible change in key assumptions would result in an impairment of goodwill.
Infrastructure - BMO Entrepren\u00f8r AS
The cash-generating unit BMO Entrepren\u00f8r AS includes its subsidiaries Norsk Bergsikring AS acquired in July 2024 and Nero Anlegg AS acquired in June 2025. As of 31.12.2025, the value
in use has been used in order to determine recoverable amount. The calculations are based upon estimated future cash flows for the cash generating unit, BMO Entrepren\u00f8r AS. The calculations are based upon budgets and long-term profit goals for the period 2026 up to and including 2030. Budgeted EBITDA is based on expectations for future results taking into account experience from historical results. For subsequent periods, a growth rate of 2.5 % has been used, which is in line with the expected inflation rate. WACC of 10.1 % before tax (8.4 % after tax) and EBITDA-margin of 11.0-11.7 % has been used. Estimated recoverable amount of cash-generating unit exceeds book value, and no reasonably possible change in key assumptions would result in an impairment of goodwill. Infrastructure \u2013 Total Betong AS
The cash-generating unit Total Betong AS was acquired in 2025. As of 31.12.2025, the value in use has been used in order to determine recoverable amount. The calculations are based upon estimated future cash flows for the cash generating unit, Total Betong AS. The calculations are based upon budgets and long-term profit goals for the period 2026 up to and including 2030. Budgeted EBITDA is based on expectations for future results taking into account experience from historical results. For subsequent periods, a growth rate of 2.5 % has been used, which is in line with the expected inflation rate. WACC of 10.1 % before tax (8.4 % after tax) and EBITDA-margin of 6.5-6.9 % has been used. Estimated recoverable amount of cash-generating unit exceeds book value, and no reasonably possible change in key assumptions would result in an impairment of goodwill.
Infrastructure \u2013 Igang Totalentrepren\u00f8r AS
The cash-generating unit Igang Totalentrepren\u00f8r AS was acquired in 2025. As of 31.12.2025, the value in use has been used in order to determine recoverable amount. The calculations are based upon estimated future cash flows for the cash generating unit, Igang Totalentrepren\u00f8r AS. The calculations are based upon budgets and long-term profit goals for the period 2026 up to and including 2030. Budgeted EBITDA is based on expectations for future results taking into account experience from historical results. For subsequent periods, a growth rate of 2.5 % has been used, which is in line with the expected inflation rate. WACC of 10.1 % before tax (8.4 % after tax) and EBITDA-margin of 4.0-4.3 % has been used. Estimated recoverable amount of cash-generating unit exceeds book value, and no reasonably possible change in key assumptions would result in an impairment of goodwill.
Infrastructure \u2013 Habto Holding AS
The cash-generating unit Habto Holding AS was acquired in 2025 and includes the subsidiaries HAB Construction AS and Propoint Survey AS. As of 31.12.2025, the value in use has been used in order to determine recoverable amount. The calculations are based upon estimated future cash flows for the cash generating unit, Habto Holding AS. The calculations are based upon budgets and long-term profit goals for the period 2026 up to and including 2030. Budgeted EBITDA is based on expectations for future results taking into account experience from historical results. For subsequent periods, a growth rate of 2.5 % has been used, which is in line with the expected inflation rate. WACC of 10.2 % before tax (8.4 % after tax) and EBITDA-margin of 4.5-4.9 % has been used. Estimated recoverable amount of cash-generating unit exceeds book value, and no reasonably possible change in key assumptions would result in an impairment of goodwill.
Other - End\u00far Maritime AS
As of 31.12.2025, the value in use has been used in order to determine recoverable amount. The calculations are based upon estimated future cash flows for the cash generating unit, End\u00far Maritime AS. The calculations are based upon budgets and long-term profit goals for the period 2026 up to and including 2030. Budgeted EBITDA is based on expectations for future results taking into account experience from historical results. For subsequent periods, a growth rate of 2.5 % has been used, which is in line with the expected inflation rate. WACC of 11.1 % before tax (9.0 % after tax) and EBITDA-margin of 5.5-5.8 % has been used. Estimated recoverable amount of cash-generating unit exceeds book value, and no reasonably possible change in key assumptions would result in an impairment of goodwill.
RIGHT-OF-USE ASSETS
| 2025 (NOKm) | Note | Building, property | Machinery, equipment | Vehicles, vessels | Other office equipment | Total |
| Acquisition cost 1 Jan. 2025 | | 156.4 | 132.1 | 185.5 | 3.1 | 477.1 |
| Additions of right-of-use assets | | 19.4 | 94.1 | 81.0 | 4.0 | 198.6 |
| Additions through business acquisitions | 3 | 99.4 | 42.9 | 9.9 | 0.5 | 152.7 |
| Disposals | | (43.0) | (27.4) | (34.2) | (0.3) | (105.0) |
| Currency exchange differences | | 0.5 | 1.9 | 1.7 | 0.1 | 4.2 |
| Other changes | | 0.9 | 0.4 | (0.4) | 0.1 | 0.9 |
| Acquisition cost 31 Dec. 2025 | | 233.5 | 244.0 | 243.5 | 7.4 | 728.4 |
| Accumulated depreciations 1 Jan. 2025 | | (81.0) | (35.1) | (43.4) | (1.3) | (160.9) |
| Depreciation | | (51.2) | (69.3) | (51.3) | (2.0) | (173.8) |
| Disposals | | 41.1 | 22.5 | 13.1 | 0.1 | 76.8 |
| Currency exchange differences | | (0.3) | (0.8) | (0.1) | 0.0 | (2.2) |
| Accumulated depreciations 31 Dec. 2025 | | (91.5) | (82.8) | (82.6) | (3.2) | (260.1) |
| | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Book value 31. Dec 2025 | | 142.0 | 161.2 | 160.9 | 4.2 | 468.4 |
| 2024 (NOKm) | Note | Building, property | Machinery, equipment | Vehicles, vessels | Other office equipment | Total |
| Acquisition cost 1 Jan. 2024 | | 127.9 | 84.1 | 119.6 | 2.1 | 333.7 |
| Additions of right-of-use assets | | 31.9 | 55.4 | 86.9 | 1.0 | 175.3 |
| Additions through business acquisitions | 3 | 0.4 | - | 0.5 | - | 0.9 |
| Disposals | | (4.0) | (7.4) | (21.7) | (0.0) | (33.1) |
| Currency exchange differences | | 0.0 | 0.0 | (0.0) | 0.0 | 0.1 |
| Other changes | | 0.1 | 0.0 | 0.2 | 0.0 | 0.3 |
| Acquisition cost 31 Dec. 2024 | | 156.4 | 132.1 | 185.5 | 3.1 | 477.1 |
| Accumulated depreciations 1 Jan. 2024 | | (55.1) | (9.1) | (16.4) | (0.5) | (81.1) |
| Depreciation | | (29.2) | (32.7) | (41.2) | (0.8) | (103.9) |
| Disposals | | 2.9 | 6.8 | 14.3 | - | 24.0 |
| Currency exchange differences | | (0.0) | 0.0 | (0.0) | (0.0) | (0.1) |
| Other changes | | 0.4 | (0.1) | (0.2) | 0.0 | 0.2 |
| Accumulated depreciations 31 Dec. 2024 | | (81.0) | (35.1) | (43.4) | (1.3) | (160.9) |
| | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Book value 31. Dec 2024 | | 75.3 | 97.0 | 142.1 | 1.8 | 316.2 |
NOTE 10: INTANGIBLE ASSETS
Intangible assets that have been acquired separately are carried at cost. The costs of intangible assets acquired through an acquisition are recognised at their fair value in the Group\u2019s opening balance sheet. Capitalised intangible assets are recognised at cost less any amortization and impairment losses. Intangible assets with a definite economic life are amortised over their economic life and tested for impairment if there are any indications. The amortization method and period are assessed at least once a year. Changes to the amortization method and/or period are accounted for as a change in estimate.
Internally generated intangible assets, excluding capitalised development costs, are not capitalised but are expensed as occurred.
The economic life is either definite or indefinite. Intangible assets with an indefinite economic life and goodwill are tested for impairment at least once a year, either individually or as a part of a cash-generating unit. Intangible assets with an indefinite economic life and goodwill are not amortised. The economic life is assessed annually with regard to whether the assumption of an indefinite economic life can be justified. If it cannot, the change to a definite economic life is made prospectivelyNOTE 12:IMPAIRMENT OF ASSETS
Cash-generating units (CGU) containing goodwill, assets that have an indefinite useful life and intangible assets that are not yet available for use are tested for impairment annually.
The recoverable amount is the greater of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a post-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For an asset that does not generate largely independent cash inflows, the recoverable amount is determined for the CGU to which the asset belongs.
An impairment loss is recognised whenever the carrying amount of an asset or its CGU exceeds its recoverable amount. Impairment losses are recognised in the income statement. An impairment loss recognised in respect of CGU is allocated first to goodwill and then to the other assets in the unit (group of units) on a pro rata basis.
An impairment loss on goodwill is not reversed. An impairment loss on other assets is reversed if there has been a change in the estimates used to determine the recoverable amount, and the change can be objectively related to an event occurring after the impairment was recognised. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognised",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page97-cflshid_43054-tag450911": {
"value": "NOTE 10: INTANGIBLE ASSETS
Intangible assets that have been acquired separately are carried at cost. The costs of intangible assets acquired through an acquisition are recognised at their fair value in the Group\u2019s opening balance sheet. Capitalised intangible assets are recognised at cost less any amortization and impairment losses. Intangible assets with a definite economic life are amortised over their economic life and tested for impairment if there are any indications. The amortization method and period are assessed at least once a year. Changes to the amortization method and/or period are accounted for as a change in estimate.
Internally generated intangible assets, excluding capitalised development costs, are not capitalised but are expensed as occurred.
The economic life is either definite or indefinite. Intangible assets with an indefinite economic life and goodwill are tested for impairment at least once a year, either individually or as a part of a cash-generating unit. Intangible assets with an indefinite economic life and goodwill are not amortised. The economic life is assessed annually with regard to whether the assumption of an indefinite economic life can be justified. If it cannot, the change to a definite economic life is made prospectively",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page98-cflshid_43651-tag450941": {
"value": "NOTE 11: PROPERTY, PLANT AND EQUIPMENT
Property plant and equipment are valued at their cost less accumulated depreciation and impairment losses. When assets are sold or disposed of, the carrying amount is derecognised and any gain or loss is recognised in the statement of comprehensive income.The cost of property plant and equipment is the purchase price, including taxes/duties and costs directly linked to preparing the asset ready for its intended use. Costs incurred after the asset is in use, such as regular maintenance costs, are recognised in the statement of comprehensive income, while other costs that are expected to provide future financial benefits are capitalised.
The depreciation period and method are assessed each year. A residual value and useful life is estimated at each year-end, and changes to the estimated residual value and useful life are recognised as a change in an estimate.
Considerations of climate effects in estimating the useful life
Several of the Group\u2019s subsidiaries operate in niche markets with a significant amount of specialized land-based and sea-based machinery and equipment. Future regulatory requirements and contractual demands may affect the useful life of certain assets, particularly where stricter environmental standards or customer expectations drive the need for equipment upgrades or replacements.
As part of our ongoing assessment, we have evaluated the potential financial impact of these factors on the estimated useful life of the Group\u2019s
machinery and equipment. While no immediate adjustments have been made to carrying amounts, End\u00far will continue to monitor potential changes in asset requirements and adjust capital expenditure plans accordingly. The transition to lower-emission alternatives remains contingent on technological advancements and the availability of suitable equipment from market suppliers. At present, fully viable substitutes for certain specialized machinery remain limited, and large-scale replacements would require further development in market infrastructure and equipment capabilities. Given these uncertainties, the expected financial impact of short- and mid-term capital expenditures is not considered to have a material effect at this stage, as the replacement of machinery and equipment will be evaluated based on operational needs, regulatory developments, and contract-specific requirements.
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page98-cflshid_43651-tag450940": {
"value": "NOTE 11: PROPERTY, PLANT AND EQUIPMENT
Property plant and equipment are valued at their cost less accumulated depreciation and impairment losses. When assets are sold or disposed of, the carrying amount is derecognised and any gain or loss is recognised in the statement of comprehensive income.The cost of property plant and equipment is the purchase price, including taxes/duties and costs directly linked to preparing the asset ready for its intended use. Costs incurred after the asset is in use, such as regular maintenance costs, are recognised in the statement of comprehensive income, while other costs that are expected to provide future financial benefits are capitalised.
The depreciation period and method are assessed each year. A residual value and useful life is estimated at each year-end, and changes to the estimated residual value and useful life are recognised as a change in an estimate.
Considerations of climate effects in estimating the useful life
Several of the Group\u2019s subsidiaries operate in niche markets with a significant amount of specialized land-based and sea-based machinery and equipment. Future regulatory requirements and contractual demands may affect the useful life of certain assets, particularly where stricter environmental standards or customer expectations drive the need for equipment upgrades or replacements.
As part of our ongoing assessment, we have evaluated the potential financial impact of these factors on the estimated useful life of the Group\u2019s
machinery and equipment. While no immediate adjustments have been made to carrying amounts, End\u00far will continue to monitor potential changes in asset requirements and adjust capital expenditure plans accordingly. The transition to lower-emission alternatives remains contingent on technological advancements and the availability of suitable equipment from market suppliers. At present, fully viable substitutes for certain specialized machinery remain limited, and large-scale replacements would require further development in market infrastructure and equipment capabilities. Given these uncertainties, the expected financial impact of short- and mid-term capital expenditures is not considered to have a material effect at this stage, as the replacement of machinery and equipment will be evaluated based on operational needs, regulatory developments, and contract-specific requirements.
| 2025 (NOKm) | Note | Land, buildings | Machinery and other equipment | Total |
| Acquisition cost as of 1 Jan. 2025 | | 59.5 | 1 134.3 | 1 193.8 |
| Additions | | 10.3 | 48.0 | 58.3 |
| Additions through business combinations | 3 | - | 35.5 | 35.5 |
| Disposals | | - | (82.1) | (82.1) |
| Currency adjustment | | 1.8 | 46.0 | 47.8 |
| Acquisition cost as of 31 Dec. 2025 | | 71.6 | 1 181.8 | 1 253.4 |
| Accumulated depreciations as of 1 Jan. 2025 | | (24.2) | (726.1) | (750.4) |
| Additions through business combinations | 3 | - | (17.8) | (17.8) |
| Current year's depreciation | | (2.7) | (85.9) | (88.6) |
| Disposals | | - | 74.0 | 74.0 |
| Currency adjustment | | (0.8) | (28.5) | (29.2) |
| Accumulated depreciations as of 31 Dec. 2025 | | (27.7) | (784.4) | (812.1) |
| Book value 31. Dec 2025 | | 43.9 | 397.5 | 441.3 |
| Depreciation rates | | 0-20 years | 2-10 years | |
| Depreciation plan | | Linear | Linear | |
| 2024 (NOKm) | Note | Land, buildings | Machinery and other equipment | Total |
| Acquisition cost as of 1 Jan. 2024 | | 57.8 | 1 015.5 | 1 073.3 |
| Acquisitions | | 4.6 | 52.0 | 56.6 |
| Acquisitions through business combinations | | - | 86.1 | 86.1 |
| Disposals | | (3.3) | (32.7) | (36.0) |
| Currency adjustment | | 0.4 | 13.4 | 13.9 |
| Acquisition cost as of 31 Dec. 2024 | | 59.5 | 1 134.3 | 1 193.8 |
| Accumulated depreciations as of 1 Jan. 2024 | | (21.7) | (585.3) | (607.0) |
| Additions through business combinations | | - | (76.7) | (76.7) |
| Current year's depreciation | | (2.3) | (82.8) | (85.1) |
| Current year's impairment | | - | (0.4) | (0.4) |
| Disposals | | - | 26.6 | 26.6 |
| Currency adjustment | | (0.2) | (7.6) | (7.7) |
| Accumulated depreciations as of 31 Dec. 2024 | | (24.2) | (726.1) | (750.4) |
| Book value 31. Dec 2024 | | 35.3 | 408.2 | 443.5 |
| Depreciation rates | | 0-20 years | 2-10 years | |
| Depreciation plan | | Linear | Linear | |
NOTE 12:IMPAIRMENT OF ASSETS
Cash-generating units (CGU) containing goodwill, assets that have an indefinite useful life and intangible assets that are not yet available for use are tested for impairment annually.
The recoverable amount is the greater of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a post-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For an asset that does not generate largely independent cash inflows, the recoverable amount is determined for the CGU to which the asset belongs.
An impairment loss is recognised whenever the carrying amount of an asset or its CGU exceeds its recoverable amount. Impairment losses are recognised in the income statement. An impairment loss recognised in respect of CGU is allocated first to goodwill and then to the other assets in the unit (group of units) on a pro rata basis.
An impairment loss on goodwill is not reversed. An impairment loss on other assets is reversed if there has been a change in the estimates used to determine the recoverable amount, and the change can be objectively related to an event occurring after the impairment was recognised. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognised",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page101-cflshid_45111-tag450942": {
"value": "NOTE 12:IMPAIRMENT OF ASSETS
Cash-generating units (CGU) containing goodwill, assets that have an indefinite useful life and intangible assets that are not yet available for use are tested for impairment annually.
The recoverable amount is the greater of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a post-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. For an asset that does not generate largely independent cash inflows, the recoverable amount is determined for the CGU to which the asset belongs.
An impairment loss is recognised whenever the carrying amount of an asset or its CGU exceeds its recoverable amount. Impairment losses are recognised in the income statement. An impairment loss recognised in respect of CGU is allocated first to goodwill and then to the other assets in the unit (group of units) on a pro rata basis.
An impairment loss on goodwill is not reversed. An impairment loss on other assets is reversed if there has been a change in the estimates used to determine the recoverable amount, and the change can be objectively related to an event occurring after the impairment was recognised. An impairment loss is reversed only to the extent that the asset\u2019s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortization, if no impairment loss had been recognised",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page104-cflshid_47231-tag450944": {
"value": "NOTE 13:RIGHT-OF-USE-ASSETS AND LEASING LIABILITIES
RIGHT-OF-USE ASSETS
| 2025 (NOKm) | Note | Building, property | Machinery, equipment | Vehicles, vessels | Other office equipment | Total |
| Acquisition cost 1 Jan. 2025 | | 156.4 | 132.1 | 185.5 | 3.1 | 477.1 |
| Additions of right-of-use assets | | 19.4 | 94.1 | 81.0 | 4.0 | 198.6 |
| Additions through business acquisitions | 3 | 99.4 | 42.9 | 9.9 | 0.5 | 152.7 |
| Disposals | | (43.0) | (27.4) | (34.2) | (0.3) | (105.0) |
| Currency exchange differences | | 0.5 | 1.9 | 1.7 | 0.1 | 4.2 |
| Other changes | | 0.9 | 0.4 | (0.4) | 0.1 | 0.9 |
| Acquisition cost 31 Dec. 2025 | | 233.5 | 244.0 | 243.5 | 7.4 | 728.4 |
| Accumulated depreciations 1 Jan. 2025 | | (81.0) | (35.1) | (43.4) | (1.3) | (160.9) |
| Depreciation | | (51.2) | (69.3) | (51.3) | (2.0) | (173.8) |
| Disposals | | 41.1 | 22.5 | 13.1 | 0.1 | 76.8 |
| Currency exchange differences | | (0.3) | (0.8) | (0.1) | 0.0 | (2.2) |
| Accumulated depreciations 31 Dec. 2025 | | (91.5) | (82.8) | (82.6) | (3.2) | (260.1) |
| | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Book value 31. Dec 2025 | | 142.0 | 161.2 | 160.9 | 4.2 | 468.4 |
| 2024 (NOKm) | Note | Building, property | Machinery, equipment | Vehicles, vessels | Other office equipment | Total |
| Acquisition cost 1 Jan. 2024 | | 127.9 | 84.1 | 119.6 | 2.1 | 333.7 |
| Additions of right-of-use assets | | 31.9 | 55.4 | 86.9 | 1.0 | 175.3 |
| Additions through business acquisitions | 3 | 0.4 | - | 0.5 | - | 0.9 |
| Disposals | | (4.0) | (7.4) | (21.7) | (0.0) | (33.1) |
| Currency exchange differences | | 0.0 | 0.0 | (0.0) | 0.0 | 0.1 |
| Other changes | | 0.1 | 0.0 | 0.2 | 0.0 | 0.3 |
| Acquisition cost 31 Dec. 2024 | | 156.4 | 132.1 | 185.5 | 3.1 | 477.1 |
| Accumulated depreciations 1 Jan. 2024 | | (55.1) | (9.1) | (16.4) | (0.5) | (81.1) |
| Depreciation | | (29.2) | (32.7) | (41.2) | (0.8) | (103.9) |
| Disposals | | 2.9 | 6.8 | 14.3 | - | 24.0 |
| Currency exchange differences | | (0.0) | 0.0 | (0.0) | (0.0) | (0.1) |
| Other changes | | 0.4 | (0.1) | (0.2) | 0.0 | 0.2 |
| Accumulated depreciations 31 Dec. 2024 | | (81.0) | (35.1) | (43.4) | (1.3) | (160.9) |
| | \u00a0 | \u00a0 | \u00a0 | \u00a0 | \u00a0 |
| Book value 31. Dec 2024 | | 75.3 | 97.0 | 142.1 | 1.8 | 316.2 |
LEASING LIABILITIES| (NOKm) | 2025 | 2024 |
| Total lease liabilities at 1 Jan. 2025 | 327.8 | 256.9 |
| Additions from business combinations | 152.7 | 0.9 |
| New lease liabilities recognised during the period | 198.5 | 176.1 |
| Cash payments for lease liabilities | (199.3) | (119.5) |
| Interest expensed from lease liabilities | 35.5 | 22.7 |
| Amendments/Terminations of leases | (28.8) | (9.2) |
| Translation differences | 2.4 | 0.8 |
| Total lease liabilities at 31 Dec. 2025 | 488.8 | 327.8 |
Aging of leasing liabilities
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Debt analysis - contractual undiscounted cash flows | | |
| Less than 1 year | 156.3 | 117.7 |
| 1-5 years | 274.8 | 243.9 |
| Over 5 years | 58.0 | 17.0 |
| Total | 489.1 | 378.7 |
| Non-current lease liabilities recognised | 332.9 | 230.3 |
| Current lease liabilities recognised | 156.0 | 97.5 |
| Total | 488.8 | 327.8 |
The leasing liability as of 31 December 2025 primarily comprises lease of office space and other property, vehicles, vessels and office machines.
Other lease liabilities recognised in P&L Leases with a lease term of 12 months or less are not capitalised. Low-value leases, typically office equipment / fixtures, are not capitalised.
| (NOKm) | 2025 | 2024 |
| Expense relating to short-term leases (included in other operating expenses) | 5.3 | 0.4 |
| Expense relating to leases of low-value assets (included in other operating expenses) | 0.1 | 0.1 |
| Variable lease payments (included in other operating expenses) | 0.0 | 0.7 |
| Total | 5.4 | 1.2 |
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLeasesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page105-cflshid_48139-tag450913": {
"value": "Other lease liabilities recognised in P&L Leases with a lease term of 12 months or less are not capitalised. Low-value leases, typically office equipment / fixtures, are not capitalised.
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page106-cflshid_48537-tag450965": {
"value": "The cost of inventory is based on the FIFO method and includes costs of bringing the goods to their present state and location.
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Raw materials and consumables | 15.0 | 14.9 |
| Work in progress | - | - |
| Finished goods | 67.8 | 41.9 |
| Impairment of inventories | (3.0) | (1.3) |
| Total | 79.8 | 55.5 |
The cost of inventory is based on the FIFO method and includes costs of bringing the goods to their present state and location.
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page106-cflshid_48537-tag450946": {
"value": "NOTE 15:
TRADE AND OTHER RECEIVABLES AND CONTRACT BALANCES
TRADE AND OTHER RECEIVABLES
Trade and other receivables are recognized at the original invoiced amount, less impairment losses. Impairment losses are estimated using the simplified approach in calculating the expected credit losses (ECL).
Trade receivables represent the Group\u2019s right to an amount of consideration that is unconditional.
| (NOKm) | 2025 | 2024 |
| Trade receivables at nominal value | 968.3 | 476.1 |
| Provision for bad debt | (58.7) | (58.2) |
| Trade receivables, net | 909.6 | 418.0 |
| Prepaid expenses | 107.7 | 51.6 |
| Other short-term receivables | 43.9 | 28.5 |
| Provision for bad debt | 3.0 | - |
| Total | 1 064.2 | 498.1 |
MATURITY PROFILE OF TRADE RECEIVABLES
| 2025 | 2024 |
| (NOKm) | Trade receivables | Provision for bad debts | Trade receivables | Provision for bad debts |
| Not overdue | 578.8 | (0.1) | 245.4 | (2.0) |
| Overdue 0-30 days | 80.7 | - | 110.8 | (0.7) |
| Overdue 31-90 days | 135.0 | - | 9.3 | - |
| Overdue 91-365 days | 81.3 | (52.9) | 21.3 | (0.2) |
| Overdue > 1 year | 57.2 | (5.7) | 89.8 | (55.3) |
| Ending Balance | 968.3 | (58.7) | 476.1 | (58.2) |
NOTE 15:
TRADE AND OTHER RECEIVABLES AND CONTRACT BALANCES
TRADE AND OTHER RECEIVABLES
Trade and other receivables are recognized at the original invoiced amount, less impairment losses. Impairment losses are estimated using the simplified approach in calculating the expected credit losses (ECL).
Trade receivables represent the Group\u2019s right to an amount of consideration that is unconditional.
| (NOKm) | 2025 | 2024 |
| Trade receivables at nominal value | 968.3 | 476.1 |
| Provision for bad debt | (58.7) | (58.2) |
| Trade receivables, net | 909.6 | 418.0 |
| Prepaid expenses | 107.7 | 51.6 |
| Other short-term receivables | 43.9 | 28.5 |
| Provision for bad debt | 3.0 | - |
| Total | 1 064.2 | 498.1 |
MATURITY PROFILE OF TRADE RECEIVABLES
| 2025 | 2024 |
| (NOKm) | Trade receivables | Provision for bad debts | Trade receivables | Provision for bad debts |
| Not overdue | 578.8 | (0.1) | 245.4 | (2.0) |
| Overdue 0-30 days | 80.7 | - | 110.8 | (0.7) |
| Overdue 31-90 days | 135.0 | - | 9.3 | - |
| Overdue 91-365 days | 81.3 | (52.9) | 21.3 | (0.2) |
| Overdue > 1 year | 57.2 | (5.7) | 89.8 | (55.3) |
| Ending Balance | 968.3 | (58.7) | 476.1 | (58.2) |
TRADE AND OTHER RECEIVABLES
Trade and other receivables are recognized at the original invoiced amount, less impairment losses. Impairment losses are estimated using the simplified approach in calculating the expected credit losses (ECL).
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page108-cflshid_49378-tag450967": {
"value": "NOTE 16:CASH AND CASH EQUIVALENTS
The Groups cash and cash equivalents consists of the following as per year end:
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Cash and cash equivalents | 1 264.9 | 177.3 |
| Cash and bank deposits - restricted funds | 15.5 | 15.2 |
| Total | 1 280.4 | 192.5 |
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Tax withholding accounts | 11.4 | 11.3 |
| Deposit accounts for non-insured pension obligations | 4.1 | 3.9 |
| Total | 15.5 | 15.2 |
The Group companies End\u00far Maritime AS, BMO Entrepren\u00f8r AS, Agder Marine AS, Leif Hodnemyr Transport AS, Sand\u00e5s Anlegg AS Artec Aqua VAQ AS, HAB Construction AS, Igang Totalentrepren\u00f8r AS, Propoint Survey AS and Total Betong AS have established bank guarantee for tax payment.
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Tax withholding accounts | 11.4 | 11.3 |
| Deposit accounts for non-insured pension obligations | 4.1 | 3.9 |
| Total | 15.5 | 15.2 |
The Group companies End\u00far Maritime AS, BMO Entrepren\u00f8r AS, Agder Marine AS, Leif Hodnemyr Transport AS, Sand\u00e5s Anlegg AS Artec Aqua VAQ AS, HAB Construction AS, Igang Totalentrepren\u00f8r AS, Propoint Survey AS and Total Betong AS have established bank guarantee for tax payment.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page109-cflshid_49729-tag450970": {
"value": "NOTE 17:TRADE AND OTHER PAYABLES
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Trade payables | 922.3 | 332.3 |
| Accrued expenses | 253.5 | 33.4 |
| Public duties and taxes | 205.4 | 54.3 |
| Holiday-pay allowance | 53.1 | 46.1 |
| Salary liability | 121.3 | 60.5 |
| Provisions | 50.7 | 20.7 |
| Other current liabilities | 132.5 | 77.2 |
| Total | 1 738.8 | 624.6 |
NOTE 17:TRADE AND OTHER PAYABLES
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Trade payables | 922.3 | 332.3 |
| Accrued expenses | 253.5 | 33.4 |
| Public duties and taxes | 205.4 | 54.3 |
| Holiday-pay allowance | 53.1 | 46.1 |
| Salary liability | 121.3 | 60.5 |
| Provisions | 50.7 | 20.7 |
| Other current liabilities | 132.5 | 77.2 |
| Total | 1 738.8 | 624.6 |
The Groups provisions mainly consist of the following:Warranty provision and guarantee liabilities
A provision for warranty is recognised when the underlying products or services are sold. The provision is based on historical warranty data and a weighting of all possible outcomes against their associated probabilities.
Group companies assess and recognize provisions for warranty and guarantee provisions when relevant circumstances become known or are deemed probable. These provisions are allocated specifically to ongoing or completed projects rather than as general or unspecified balance sheet provisions. Actual costs incurred are continuously matched against these provisions. Artec Aqua applies a more standardized provision approach, reflecting the potentially warranty obligations associated with completed projects of considerable scope. There is estimation uncertainty related to several factors, including the fact that cost-bearing circumstances may not necessarily materialize, and that the magnitude of potential costs remains uncertain. Large and complex contracts, involving multiple stakeholders such as the end client, main contractors, subcontractors, and suppliers of parallel works, create significant room for interpretation regarding the allocation of responsibilities for remediation needs. The provision is recognized under the balance sheet item Other current liabilities, and changes in provisions are accounted for through operating expenses in the income statement.
| (NOKm) | Warranties | Other provisions | Total |
| Balance as at 1 Jan. 2025 | 17.6 | 3.0 | 20.7 |
| Assumed in a business combination | 16.2 | 10.9 | 27.1 |
| Provisions made during the year | 5.7 | 3.0 | 8.8 |
| Provisions used during the year | 3.0 | (1.8) | 1.2 |
| Provisions reversed during the year | (4.0) | (3.1) | (7.1) |
| Balance as at 31 Dec. 2025 | 38.6 | 12.1 | 50.7 |
Expected timing of payment
| (NOKm) | Warranties | Other provisions | Total |
| Current | 35.2 | 11.2 | 46.4 |
| Non-current | 3.4 | 0.8 | 4.2 |
| Total | 38.6 | 12.1 | 50.7 |
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page110-cflshid_49903-tag450948": {
"value": "The Groups provisions mainly consist of the following:Warranty provision and guarantee liabilities
A provision for warranty is recognised when the underlying products or services are sold. The provision is based on historical warranty data and a weighting of all possible outcomes against their associated probabilities.
Group companies assess and recognize provisions for warranty and guarantee provisions when relevant circumstances become known or are deemed probable. These provisions are allocated specifically to ongoing or completed projects rather than as general or unspecified balance sheet provisions. Actual costs incurred are continuously matched against these provisions. Artec Aqua applies a more standardized provision approach, reflecting the potentially warranty obligations associated with completed projects of considerable scope. There is estimation uncertainty related to several factors, including the fact that cost-bearing circumstances may not necessarily materialize, and that the magnitude of potential costs remains uncertain. Large and complex contracts, involving multiple stakeholders such as the end client, main contractors, subcontractors, and suppliers of parallel works, create significant room for interpretation regarding the allocation of responsibilities for remediation needs. The provision is recognized under the balance sheet item Other current liabilities, and changes in provisions are accounted for through operating expenses in the income statement",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page111-cflshid_50335-tag450952": {
"value": "NOTE 19:FINANCIAL INSTRUMENTS
The Group\u2019s financial assets mainly consist of debt instruments (receivables) and cash. The receivables cash flows consist only of principal and any interest, and all receivables are only held to receive contractual cash flows.
The Group\u2019s financial liabilities consist of bank loans, vendor credit payables and other payment obligations.
Overview of carrying amounts of financial instruments in the consolidated balance sheet
| 2025 (NOKm) | Note | Financial assets and liabilities at amortized cost | Financial assets and liabilities at fair value through profit and loss | Financial assets and liabilities at fair value through OCI | Total carrying amount 2025 |
| Financial assets by category | | | | | |
| Other financial assets | | 14.9 | - | - | 14.9 |
| Trade receivables | 15 | 909.6 | - | - | 909.6 |
| Cash and cash equivalents | 16 | 1 280.4 | - | - | 1 280.4 |
| Total | | 2 204.9 | - | - | 2 204.9 |
| | | \u00a0 | | \u00a0 |
| Financial liabilities by category | | | \u00a0 | | \u00a0 |
| Loans and borrowings \u2013 non-current | 20 | 914.6 | - | - | 914.6 |
| Other non-current liabilities | 20 | 4.1 | - | - | 4.1 |
| Loans and borrowings \u2013 current | 20 | 155.1 | - | - | 155.1 |
| Trade payables | 17 | 922.3 | - | - | 922.3 |
| Other current financial liabilities | 21 | - | 100.0 | | 100.0 |
| Total | | 1 996.2 | 100.0 | - | 2 096.2 |
| 2024 (NOKm) | Note | Financial assets and liabilities at amortized cost | Financial assets and liabilities at fair value through profit and loss | Financial assets and liabilities at fair value through OCI | Total carrying amount 2024 |
| Financial assets by category | | | | | |
| Other financial assets | | 12.0 | - | - | 12.0 |
| Trade receivables | 15 | 418.0 | - | - | 418.0 |
| Cash and cash equivalents | 16 | 192.5 | - | - | 103.2 |
| Total | | 622.5 | - | - | 622.5 |
| Financial liabilities by category | | | | | |
| Loans and borrowings \u2013 non-current | 20 | 541.1 | - | - | 541.1 |
| Other non-current liabilities | 21 | - | 60.0 | - | 60.0 |
| Loans and borrowings \u2013 current | 20 | 118.0 | - | - | 118.0 |
| Trade payables | 17 | 335.8 | - | - | 335.8 |
| Total | | 994.9 | 60.0 | - | 1 054.9 |
Fair value of financial assets and liabilities not measured at fair value
The Group has not disclosed the fair values for financial assets and liabilities not measured at fair value as the carrying amount is considered to be a reasonable approximation of fair value.
NOTE 21:FINANCIAL ASSETS AND LIABILITIES MEASURED AT FAIR VALUE THROUGH PROFIT AND LOSS
The Group have the following financial assets and liabilities measured at fair value through profit and loss; contingent earn-out liability from acquisition of business.
Fair value hierarchy
The Group classifies the financial instruments at fair value in accordance with the valuation hierarchy prescribed under the accounting standards. The various levels are defined as follows:
Level 1 \u2013 Quoted price (unadjusted) in active markets for identical assets or liabilities.
Level 2 \u2013 Valuation derived directly or indirectly from a quoted price within level 1.
Level 3 \u2013 Valuation based on inputs not obtained from observable market data.
Financial assets and liabilities measured at fair value as per year end 2025 and 2024:
| 2025 | 2024 |
| (NOKm) | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total |
| Contingent earn-out | - | - | 100.0 | 100.0 | - | - | 60.0 | 60.0 |
| Financial liabilities measured at fair value | - | - | 100.0 | 100.0 | - | - | 60.0 | 60.0 |
Contingent earn-out
The contingent earn-out consideration from the acquisition of Repstad Anlegg in 2023 is measured at fair value at the acquisition date using estimates of discounted cash flows. The consideration agreement includes an earn-out of +/- 2x Earnings before interest and tax in local GAAP from 2023 to 2025 with a reference point of NOK 150 million, capped and floored at + NOK 100 million and \u2013 NOK 50 million, due by June 2026. The contingent earn-out is increased from NOK 60 million to NOK 100 million in 2025 to reflect the final calculation of the earn-out considerations from the acquisition of Repstad Anlegg AS. The subsequent measurement of the earn-out is at fair value through profit and loss and classified as a financial expense.
NOTE 19:FINANCIAL INSTRUMENTS
The Group\u2019s financial assets mainly consist of debt instruments (receivables) and cash. The receivables cash flows consist only of principal and any interest, and all receivables are only held to receive contractual cash flows.
The Group\u2019s financial liabilities consist of bank loans, vendor credit payables and other payment obligations.
Overview of carrying amounts of financial instruments in the consolidated balance sheet
| 2025 (NOKm) | Note | Financial assets and liabilities at amortized cost | Financial assets and liabilities at fair value through profit and loss | Financial assets and liabilities at fair value through OCI | Total carrying amount 2025 |
| Financial assets by category | | | | | |
| Other financial assets | | 14.9 | - | - | 14.9 |
| Trade receivables | 15 | 909.6 | - | - | 909.6 |
| Cash and cash equivalents | 16 | 1 280.4 | - | - | 1 280.4 |
| Total | | 2 204.9 | - | - | 2 204.9 |
| | | \u00a0 | | \u00a0 |
| Financial liabilities by category | | | \u00a0 | | \u00a0 |
| Loans and borrowings \u2013 non-current | 20 | 914.6 | - | - | 914.6 |
| Other non-current liabilities | 20 | 4.1 | - | - | 4.1 |
| Loans and borrowings \u2013 current | 20 | 155.1 | - | - | 155.1 |
| Trade payables | 17 | 922.3 | - | - | 922.3 |
| Other current financial liabilities | 21 | - | 100.0 | | 100.0 |
| Total | | 1 996.2 | 100.0 | - | 2 096.2 |
| 2024 (NOKm) | Note | Financial assets and liabilities at amortized cost | Financial assets and liabilities at fair value through profit and loss | Financial assets and liabilities at fair value through OCI | Total carrying amount 2024 |
| Financial assets by category | | | | | |
| Other financial assets | | 12.0 | - | - | 12.0 |
| Trade receivables | 15 | 418.0 | - | - | 418.0 |
| Cash and cash equivalents | 16 | 192.5 | - | - | 103.2 |
| Total | | 622.5 | - | - | 622.5 |
| Financial liabilities by category | | | | | |
| Loans and borrowings \u2013 non-current | 20 | 541.1 | - | - | 541.1 |
| Other non-current liabilities | 21 | - | 60.0 | - | 60.0 |
| Loans and borrowings \u2013 current | 20 | 118.0 | - | - | 118.0 |
| Trade payables | 17 | 335.8 | - | - | 335.8 |
| Total | | 994.9 | 60.0 | - | 1 054.9 |
Fair value of financial assets and liabilities not measured at fair value
The Group has not disclosed the fair values for financial assets and liabilities not measured at fair value as the carrying amount is considered to be a reasonable approximation of fair value.
NOTE 20:LOANS AND BORROWINGS
LOANS AND BORROWINGS
| (NOKm) | 2025 | 2024 |
| Non-current loans and borrowings | | |
| Secured bank loans | 883.2 | 446.6 |
| Other loans | 31.4 | 94.5 |
| Current loans and borrowings | | |
| Secured bank loans | 155.1 | 118.0 |
| Total | 1 069.8 | 659.1 |
Current loans and borrowings represent the instalments on the long-term bank facility due within the next 12 months.
TERMS AND REPAYMENT SCHEDULE
| (NOKm) | Currency | Nominal interest rate | Year of maturity | Carrying amount |
| Secured bank loan (amortising) | NOK/SEK | See description below | 2035 | 983.2 |
| Other loans | NOK | 5 % PIK | 2026 | 55.1 |
| Other loans | NOK | Fixed margin 1-1.5 % + 3 M NIBOR | 2028-2029 | 31.2 |
| Other loans | NOK | 3-6 % | 2026-2027 | 0.3 |
Refinancing of bank facilities
In February 2025, End\u00far ASA refinanced existing bank facilities with our existing bank syndicate, Sparebank 1 S\u00f8r-Norge and Sparebank 1 SMN. The refinancing includes NOK 600 million in term loans, structured to refinance the previous bank facilities. The term loans (\u201cFacility A\u201d) will be partly nominated in NOK (300 million) with 3-month NIBOR as reference interest rate and partly nominated in SEK (300 million) with 3-month STIBOR as reference interest rate. The term loans will be amortized over 10 years, yielding quarterly instalments of NOK 15 million.
As part of this refinancing, End\u00far increased its overdraft facility to NOK 250 million (\u201cFacility C\u201d) and secured an NOK 400 million acquisition financing facility (\u201cFacility B\u201d), where NOK 50 million was earmarked for the acquisition of VAQ AS and the remaining utilized for the Total Betong acquisition. This facility will have quarterly instalments of NOK 10 million.
The financial covenants remain in line with previous agreements, requiring a minimum equity ratio of 30% and a maximum leverage ratio, based on net interest-bearing debt excl. leasing liabilities, that gradually decreases over time:
-Utilization \u2013 31 March 2025 < 3.30x
-1 April 2025 \u2013 31 December 2025 < 3.00x
-1 January 2026 \u2013 Maturity < 2.50x
Interest rate margins for Facility A/B and Facility C:
-Leverage ratio 0.00x \u2013 1.50x: 260 bps / 160 bps
-Leverage ratio 1.51x \u2013 2.00x: 270 bps / 170 bps
-Leverage ratio 2.01x \u2013 2.50x: 285 bps / 180 bps
-Leverage ratio 2.51x \u2013 3.30x: 305 bps / 195 bps
Transaction cost amortized on the bank facilities amount to NOK 12.6 million.
Carrying amount of assets pledged as security for liabilities
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Property, plant and equipment | 441.3 | 360.3 |
| Inventories | 79.8 | 81.0 |
| Contract assets | 178.4 | 161.8 |
| Trade and other receivables | 1 064.2 | 505.6 |
| Cash and cash equivalents | 1 280.4 | 177.3 |
Reconciliation of movements of liabilities to cash flows arising from financing activities
| (NOKm) | Secured bank loan non-current | Other loans | Secured bank loan current | Total |
| Balance as at 1 Jan. 2025 | 446.6 | 94.5 | 118.0 | 659.1 |
| Changes from financing cash flows | | | | |
| Proceeds from loans and borrowings | 1 002.1 | \u00a0 | - | 1 002.1 |
| Repayment of borrowings | (492.0) | (10.9) | (118.0) | (620.9) |
| Total changes from financing cash flows | 956.7 | 83.6 | - | 1 040.3 |
| Reclassification from non-current to current | (100.0) | (55.1) | 155.1 | - |
| Other changes | 26.5 | 3.0 | | 29.5 |
| Balance as at 31 Dec. 2025 | 883.2 | 31.4 | 155.1 | 1 069.8 |
| (NOKm) | Secured bank loan non-current | Other loans | Secured bank loan current | Total |
| Balance as at 1 Jan. 2024 | 547.7 | 98.2 | 109.0 | 754.9 |
| Changes from financing cash flows | | | | |
| Proceeds from loans and borrowings | - | - | - | - |
| Repayment of borrowings | - | (7.9) | (96.3) | (104.2) |
| Total changes from financing cash flows | 547.7 | 90.3 | 12.7 | 650.7 |
| Changes arising from business combinations | - | 3.8 | - | 3.8 |
| Reclassification from non-current to current | (105.3) | - | 105.3 | - |
| Other changes | 4.2 | 0.5 | - | 4.7 |
| Balance as at 31 Dec. 2024 | 446.6 | 94.5 | 118.0 | 659.1 |
Other changes consist primarily of changes in accrued interest, amortisation, and foreign exchange revaluation of the SEK-denominated term loan.
NOTE 21:FINANCIAL ASSETS AND LIABILITIES MEASURED AT FAIR VALUE THROUGH PROFIT AND LOSS
The Group have the following financial assets and liabilities measured at fair value through profit and loss; contingent earn-out liability from acquisition of business.
Fair value hierarchy
The Group classifies the financial instruments at fair value in accordance with the valuation hierarchy prescribed under the accounting standards. The various levels are defined as follows:
Level 1 \u2013 Quoted price (unadjusted) in active markets for identical assets or liabilities.
Level 2 \u2013 Valuation derived directly or indirectly from a quoted price within level 1.
Level 3 \u2013 Valuation based on inputs not obtained from observable market data.
Financial assets and liabilities measured at fair value as per year end 2025 and 2024:
| 2025 | 2024 |
| (NOKm) | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total |
| Contingent earn-out | - | - | 100.0 | 100.0 | - | - | 60.0 | 60.0 |
| Financial liabilities measured at fair value | - | - | 100.0 | 100.0 | - | - | 60.0 | 60.0 |
Contingent earn-out
The contingent earn-out consideration from the acquisition of Repstad Anlegg in 2023 is measured at fair value at the acquisition date using estimates of discounted cash flows. The consideration agreement includes an earn-out of +/- 2x Earnings before interest and tax in local GAAP from 2023 to 2025 with a reference point of NOK 150 million, capped and floored at + NOK 100 million and \u2013 NOK 50 million, due by June 2026. The contingent earn-out is increased from NOK 60 million to NOK 100 million in 2025 to reflect the final calculation of the earn-out considerations from the acquisition of Repstad Anlegg AS. The subsequent measurement of the earn-out is at fair value through profit and loss and classified as a financial expense.
NOTE 22:FINANCIAL RISK MANAGEMENT
The Group is exposed to the following financial risks resulting from the use of financial instruments:
- credit risk- liquidity risk- market risk - currency risk - interest rate risk
The board of directors has overall responsibility for establishing and monitoring the Group\u2019s risk management framework. Risk management principles have been established in order to identify and analyse the risks to which the Group is exposed, to stipulate limits on risk and pertaining control procedures, and to monitor risk and compliance with the limits. Risk management principles and systems are reviewed regularly to reflect changes in activities and market conditions.
Credit risk is the risk of financial losses in the event that a customer or counterparty in a financial instrument is unable to meet its contractual obligations. Credit risk relates usually to the Group\u2019s receivables from customers. The Group\u2019s exposure to credit risk is mainly the result of individual factors relating to each individual customer. The demographics of the customer base, including the risk of default of payment in the industry and the country in which the customers operate, have less influence on the credit risk. There is no geographical concentration of credit risk. For loss-allowances related to trade receivables, see further details in Note 15.
The Group\u2019s trade receivables are related to the segments infrastructure, Aquaculture solutions and Other. The customers are public customers within maritime and transport related infrastructure, aquaculture companies and other industrial companies of all sizes.
The Group has established guidelines for credit rating. This means that the creditworthiness of all new customers is assessed on an individual basis before the customer is offered the Group\u2019s standard terms and conditions for delivery and payment. For the public sector, credit risk is considered to be minimal and for Norwegian private customers, most contracts follow standards with requirements of providing security before fulfilment of contractual obligations, reducing the credit exposure for the Group. The Groups sales directly to the public sector amounted to approx. 41 % of operating revenue in 2025.
The credit risk linked to transactions on financial derivatives is considered to be limited as the counterparties are banks with a high credit ranking.
Credit risk is monitored by subsidiaries and at group level. The Group regards its maximum credit risk exposure to the carrying amount of trade debtors and other receivables.
Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. The Group\u2019s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities under both normal and stressed conditions. The Group management monitors the Groups liquidity through revolving liquidity forecast. See note 20 for more information on the Group\u2019s loans and borrowings as of 31.12.2025.
The Group\u2019s liquidity is impacted by seasonal fluctuations and fluctuations between different project phases. The Group had NOK 1 530.4 million in liquidity reserves as at 31.12.2025, including 15.5 million in restricted funds and NOK 250 million in non-utilized overdraft facility.
Exposure to liquidity risk
The following are the remaining contractual maturities of financial liabilities at the reporting date, including payment of interest and without the effect of settlement arrangements:
| 31.12.2025 | | | Contractual cash flows |
| (NOKm) | Carrying amount | Total | 6 months or less | 6-12 months | 1-2 years | 2-5 years | More than 5 years |
| Secured bank loans \u2013 non-current | 883.2 | 1 177.8 | 31.2 | 29.8 | 156.1 | 428.5 | 532.1 |
| Other loans | 31.4 | 31.5 | 9.4 | 2.1 | 7.9 | 12.1 | - |
| Other current financial liabilities | 100.0 | 100.0 | 100.0 | - | - | - | - |
| Loans and borrowings \u2013 current | 155.1 | 156.5 | 106.5 | 50.0 | - | - | - |
| Trade and other payables | 1 738.9 | 1 738.9 | 1 738.9 | - | - | - | - |
| Total | 2 908.7 | 3 204.6 | 1 986.0 | 81.9 | 164.0 | 440.6 | 532.1 |
| 31.12.2024 | | | Contractual cash flows |
| (NOKm) | Carrying amount | Total | 6 months or less | 6-12 months | 1-2 years | 2-5 years | More than 5 years |
| Secured bank loans \u2013 non-current | 446.6 | 503.8 | 22.0 | 19.5 | 462.3 | - | - |
| Other loans | 94.5 | 98.4 | 7.8 | 9.0 | 76.0 | 5.6 | - |
| Other non-current liabilities | 60.0 | 60.0 | - | - | 60.0 | - | - |
| Secured bank loans \u2013 current | 118.0 | 118.0 | 59.0 | 59.0 | - | - | - |
| Trade and other payables | 621.7 | 621.7 | 621.7 | - | - | - | - |
| Total | 1 340.8 | 1 401.9 | 710.5 | 87.6 | 598.3 | 5.6 | - |
Market risk is the risk that fluctuations in market prices, e.g. exchange rates, the price of such raw materials as steel, and interest rates, will affect future cash flows or the value of financial instruments. Market risk management aims to ensure that risk exposure stays within the defined limits, while optimising the risk-adjusted return. Attempts should be made to secure major purchases in connection with projects as soon as possible after the final clarification of the project.
Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Group\u2019s exposure to changes in foreign exchange rates relates primarily to the parent company\u2019s bank loan facility of SEK 285 million
(outstanding as per 31.12.25) as part of our financing, but also has minor exposure against other currencies. The Group continuously assesses the need for hedging remaining currency exposure, based on perceived risk and materiality.A change in the foreign exchange rate towards SEK on the reporting date would have increased (reduced) equity and yearly profit by the amounts shown in the table below. The analysis shows the sensitivity of the parent company SEK bank facility and assumes all other variables remain unchanged.
| (NOKm) | 2025 | 2024 |
| Effect of 5 % appreciation of NOK towards SEK at 31 Dec | | |
| Effect on profit after tax an equity | 11.6 | 4.4 |
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Group\u2019s exposure to changes in market interest rates relates primarily to the Group\u2019s secured bank loan with floating interest rates. The Group have previously entered into interest rate swaps to partly hedge against the interest rate risk of the Group, and the group continuously assess whether to hedge against interest rate risk.
A change in the interest rate of 100 base points on the reporting date would have increased (reduced) equity and yearly profit by the amounts shown in the table below. This analysis assumes that all other variables, particularly the exchange rates, remain unchanged.
| (NOKm) | 2025 | 2024 |
| Effect of 100 bp increase in interest rate | | |
| Effect on profit after tax and equity | (9.5) | (4.5) |
The Board of Directors\u2019 goal is to maintain a strong capital base in order to preserve the confidence of investors, creditors and market, and to develop business activities. The return on capital is monitored by the board. Return on capital is defined as the operating profit/ loss divided by the total equity. The board also monitors and evaluates the level of dividends on ordinary shares in line with the Group\u2019s dividend policy, taking into account the Group\u2019s financial position, cash flow and future capital requirements. The Board of Directors initiated a share buy-back program in March 2024, which have been continued in 2025. For further details, see Note 23.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page112-cflshid_50760-tag450917": {
"value": "NOTE 20:LOANS AND BORROWINGS
LOANS AND BORROWINGS
| (NOKm) | 2025 | 2024 |
| Non-current loans and borrowings | | |
| Secured bank loans | 883.2 | 446.6 |
| Other loans | 31.4 | 94.5 |
| Current loans and borrowings | | |
| Secured bank loans | 155.1 | 118.0 |
| Total | 1 069.8 | 659.1 |
Current loans and borrowings represent the instalments on the long-term bank facility due within the next 12 months.
TERMS AND REPAYMENT SCHEDULE
| (NOKm) | Currency | Nominal interest rate | Year of maturity | Carrying amount |
| Secured bank loan (amortising) | NOK/SEK | See description below | 2035 | 983.2 |
| Other loans | NOK | 5 % PIK | 2026 | 55.1 |
| Other loans | NOK | Fixed margin 1-1.5 % + 3 M NIBOR | 2028-2029 | 31.2 |
| Other loans | NOK | 3-6 % | 2026-2027 | 0.3 |
Refinancing of bank facilities
In February 2025, End\u00far ASA refinanced existing bank facilities with our existing bank syndicate, Sparebank 1 S\u00f8r-Norge and Sparebank 1 SMN. The refinancing includes NOK 600 million in term loans, structured to refinance the previous bank facilities. The term loans (\u201cFacility A\u201d) will be partly nominated in NOK (300 million) with 3-month NIBOR as reference interest rate and partly nominated in SEK (300 million) with 3-month STIBOR as reference interest rate. The term loans will be amortized over 10 years, yielding quarterly instalments of NOK 15 million.
As part of this refinancing, End\u00far increased its overdraft facility to NOK 250 million (\u201cFacility C\u201d) and secured an NOK 400 million acquisition financing facility (\u201cFacility B\u201d), where NOK 50 million was earmarked for the acquisition of VAQ AS and the remaining utilized for the Total Betong acquisition. This facility will have quarterly instalments of NOK 10 million.
The financial covenants remain in line with previous agreements, requiring a minimum equity ratio of 30% and a maximum leverage ratio, based on net interest-bearing debt excl. leasing liabilities, that gradually decreases over time:
-Utilization \u2013 31 March 2025 < 3.30x
-1 April 2025 \u2013 31 December 2025 < 3.00x
-1 January 2026 \u2013 Maturity < 2.50x
Interest rate margins for Facility A/B and Facility C:
-Leverage ratio 0.00x \u2013 1.50x: 260 bps / 160 bps
-Leverage ratio 1.51x \u2013 2.00x: 270 bps / 170 bps
-Leverage ratio 2.01x \u2013 2.50x: 285 bps / 180 bps
-Leverage ratio 2.51x \u2013 3.30x: 305 bps / 195 bps
Transaction cost amortized on the bank facilities amount to NOK 12.6 million.
Carrying amount of assets pledged as security for liabilities
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Property, plant and equipment | 441.3 | 360.3 |
| Inventories | 79.8 | 81.0 |
| Contract assets | 178.4 | 161.8 |
| Trade and other receivables | 1 064.2 | 505.6 |
| Cash and cash equivalents | 1 280.4 | 177.3 |
Reconciliation of movements of liabilities to cash flows arising from financing activities
| (NOKm) | Secured bank loan non-current | Other loans | Secured bank loan current | Total |
| Balance as at 1 Jan. 2025 | 446.6 | 94.5 | 118.0 | 659.1 |
| Changes from financing cash flows | | | | |
| Proceeds from loans and borrowings | 1 002.1 | \u00a0 | - | 1 002.1 |
| Repayment of borrowings | (492.0) | (10.9) | (118.0) | (620.9) |
| Total changes from financing cash flows | 956.7 | 83.6 | - | 1 040.3 |
| Reclassification from non-current to current | (100.0) | (55.1) | 155.1 | - |
| Other changes | 26.5 | 3.0 | | 29.5 |
| Balance as at 31 Dec. 2025 | 883.2 | 31.4 | 155.1 | 1 069.8 |
| (NOKm) | Secured bank loan non-current | Other loans | Secured bank loan current | Total |
| Balance as at 1 Jan. 2024 | 547.7 | 98.2 | 109.0 | 754.9 |
| Changes from financing cash flows | | | | |
| Proceeds from loans and borrowings | - | - | - | - |
| Repayment of borrowings | - | (7.9) | (96.3) | (104.2) |
| Total changes from financing cash flows | 547.7 | 90.3 | 12.7 | 650.7 |
| Changes arising from business combinations | - | 3.8 | - | 3.8 |
| Reclassification from non-current to current | (105.3) | - | 105.3 | - |
| Other changes | 4.2 | 0.5 | - | 4.7 |
| Balance as at 31 Dec. 2024 | 446.6 | 94.5 | 118.0 | 659.1 |
Other changes consist primarily of changes in accrued interest, amortisation, and foreign exchange revaluation of the SEK-denominated term loan.
NOTE 20:LOANS AND BORROWINGS
LOANS AND BORROWINGS
| (NOKm) | 2025 | 2024 |
| Non-current loans and borrowings | | |
| Secured bank loans | 883.2 | 446.6 |
| Other loans | 31.4 | 94.5 |
| Current loans and borrowings | | |
| Secured bank loans | 155.1 | 118.0 |
| Total | 1 069.8 | 659.1 |
Current loans and borrowings represent the instalments on the long-term bank facility due within the next 12 months.
TERMS AND REPAYMENT SCHEDULE
| (NOKm) | Currency | Nominal interest rate | Year of maturity | Carrying amount |
| Secured bank loan (amortising) | NOK/SEK | See description below | 2035 | 983.2 |
| Other loans | NOK | 5 % PIK | 2026 | 55.1 |
| Other loans | NOK | Fixed margin 1-1.5 % + 3 M NIBOR | 2028-2029 | 31.2 |
| Other loans | NOK | 3-6 % | 2026-2027 | 0.3 |
Refinancing of bank facilities
In February 2025, End\u00far ASA refinanced existing bank facilities with our existing bank syndicate, Sparebank 1 S\u00f8r-Norge and Sparebank 1 SMN. The refinancing includes NOK 600 million in term loans, structured to refinance the previous bank facilities. The term loans (\u201cFacility A\u201d) will be partly nominated in NOK (300 million) with 3-month NIBOR as reference interest rate and partly nominated in SEK (300 million) with 3-month STIBOR as reference interest rate. The term loans will be amortized over 10 years, yielding quarterly instalments of NOK 15 million.
As part of this refinancing, End\u00far increased its overdraft facility to NOK 250 million (\u201cFacility C\u201d) and secured an NOK 400 million acquisition financing facility (\u201cFacility B\u201d), where NOK 50 million was earmarked for the acquisition of VAQ AS and the remaining utilized for the Total Betong acquisition. This facility will have quarterly instalments of NOK 10 million.
The financial covenants remain in line with previous agreements, requiring a minimum equity ratio of 30% and a maximum leverage ratio, based on net interest-bearing debt excl. leasing liabilities, that gradually decreases over time:
-Utilization \u2013 31 March 2025 < 3.30x
-1 April 2025 \u2013 31 December 2025 < 3.00x
-1 January 2026 \u2013 Maturity < 2.50x
Interest rate margins for Facility A/B and Facility C:
-Leverage ratio 0.00x \u2013 1.50x: 260 bps / 160 bps
-Leverage ratio 1.51x \u2013 2.00x: 270 bps / 170 bps
-Leverage ratio 2.01x \u2013 2.50x: 285 bps / 180 bps
-Leverage ratio 2.51x \u2013 3.30x: 305 bps / 195 bps
Transaction cost amortized on the bank facilities amount to NOK 12.6 million.
Carrying amount of assets pledged as security for liabilities
| (NOKm) | 31.12.2025 | 31.12.2024 |
| Property, plant and equipment | 441.3 | 360.3 |
| Inventories | 79.8 | 81.0 |
| Contract assets | 178.4 | 161.8 |
| Trade and other receivables | 1 064.2 | 505.6 |
| Cash and cash equivalents | 1 280.4 | 177.3 |
Reconciliation of movements of liabilities to cash flows arising from financing activities
| (NOKm) | Secured bank loan non-current | Other loans | Secured bank loan current | Total |
| Balance as at 1 Jan. 2025 | 446.6 | 94.5 | 118.0 | 659.1 |
| Changes from financing cash flows | | | | |
| Proceeds from loans and borrowings | 1 002.1 | \u00a0 | - | 1 002.1 |
| Repayment of borrowings | (492.0) | (10.9) | (118.0) | (620.9) |
| Total changes from financing cash flows | 956.7 | 83.6 | - | 1 040.3 |
| Reclassification from non-current to current | (100.0) | (55.1) | 155.1 | - |
| Other changes | 26.5 | 3.0 | | 29.5 |
| Balance as at 31 Dec. 2025 | 883.2 | 31.4 | 155.1 | 1 069.8 |
| (NOKm) | Secured bank loan non-current | Other loans | Secured bank loan current | Total |
| Balance as at 1 Jan. 2024 | 547.7 | 98.2 | 109.0 | 754.9 |
| Changes from financing cash flows | | | | |
| Proceeds from loans and borrowings | - | - | - | - |
| Repayment of borrowings | - | (7.9) | (96.3) | (104.2) |
| Total changes from financing cash flows | 547.7 | 90.3 | 12.7 | 650.7 |
| Changes arising from business combinations | - | 3.8 | - | 3.8 |
| Reclassification from non-current to current | (105.3) | - | 105.3 | - |
| Other changes | 4.2 | 0.5 | - | 4.7 |
| Balance as at 31 Dec. 2024 | 446.6 | 94.5 | 118.0 | 659.1 |
Other changes consist primarily of changes in accrued interest, amortisation, and foreign exchange revaluation of the SEK-denominated term loan.
NOTE 21:FINANCIAL ASSETS AND LIABILITIES MEASURED AT FAIR VALUE THROUGH PROFIT AND LOSS
The Group have the following financial assets and liabilities measured at fair value through profit and loss; contingent earn-out liability from acquisition of business.
Fair value hierarchy
The Group classifies the financial instruments at fair value in accordance with the valuation hierarchy prescribed under the accounting standards. The various levels are defined as follows:
Level 1 \u2013 Quoted price (unadjusted) in active markets for identical assets or liabilities.
Level 2 \u2013 Valuation derived directly or indirectly from a quoted price within level 1.
Level 3 \u2013 Valuation based on inputs not obtained from observable market data.
Financial assets and liabilities measured at fair value as per year end 2025 and 2024:
| 2025 | 2024 |
| (NOKm) | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total |
| Contingent earn-out | - | - | 100.0 | 100.0 | - | - | 60.0 | 60.0 |
| Financial liabilities measured at fair value | - | - | 100.0 | 100.0 | - | - | 60.0 | 60.0 |
Contingent earn-out
The contingent earn-out consideration from the acquisition of Repstad Anlegg in 2023 is measured at fair value at the acquisition date using estimates of discounted cash flows. The consideration agreement includes an earn-out of +/- 2x Earnings before interest and tax in local GAAP from 2023 to 2025 with a reference point of NOK 150 million, capped and floored at + NOK 100 million and \u2013 NOK 50 million, due by June 2026. The contingent earn-out is increased from NOK 60 million to NOK 100 million in 2025 to reflect the final calculation of the earn-out considerations from the acquisition of Repstad Anlegg AS. The subsequent measurement of the earn-out is at fair value through profit and loss and classified as a financial expense.
NOTE 21:FINANCIAL ASSETS AND LIABILITIES MEASURED AT FAIR VALUE THROUGH PROFIT AND LOSS
The Group have the following financial assets and liabilities measured at fair value through profit and loss; contingent earn-out liability from acquisition of business.
Fair value hierarchy
The Group classifies the financial instruments at fair value in accordance with the valuation hierarchy prescribed under the accounting standards. The various levels are defined as follows:
Level 1 \u2013 Quoted price (unadjusted) in active markets for identical assets or liabilities.
Level 2 \u2013 Valuation derived directly or indirectly from a quoted price within level 1.
Level 3 \u2013 Valuation based on inputs not obtained from observable market data.
Financial assets and liabilities measured at fair value as per year end 2025 and 2024:
| 2025 | 2024 |
| (NOKm) | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | Total |
| Contingent earn-out | - | - | 100.0 | 100.0 | - | - | 60.0 | 60.0 |
| Financial liabilities measured at fair value | - | - | 100.0 | 100.0 | - | - | 60.0 | 60.0 |
Contingent earn-out
The contingent earn-out consideration from the acquisition of Repstad Anlegg in 2023 is measured at fair value at the acquisition date using estimates of discounted cash flows. The consideration agreement includes an earn-out of +/- 2x Earnings before interest and tax in local GAAP from 2023 to 2025 with a reference point of NOK 150 million, capped and floored at + NOK 100 million and \u2013 NOK 50 million, due by June 2026. The contingent earn-out is increased from NOK 60 million to NOK 100 million in 2025 to reflect the final calculation of the earn-out considerations from the acquisition of Repstad Anlegg AS. The subsequent measurement of the earn-out is at fair value through profit and loss and classified as a financial expense.
NOTE 21:FINANCIAL ASSETS AND LIABILITIES MEASURED AT FAIR VALUE THROUGH PROFIT AND LOSS
The Group have the following financial assets and liabilities measured at fair value through profit and loss; contingent earn-out liability from acquisition of business.
Fair value hierarchy
The Group classifies the financial instruments at fair value in accordance with the valuation hierarchy prescribed under the accounting standards. The various levels are defined as follows:
Level 1 \u2013 Quoted price (unadjusted) in active markets for identical assets or liabilities.
Level 2 \u2013 Valuation derived directly or indirectly from a quoted price within level 1.
Level 3 \u2013 Valuation based on inputs not obtained from observable market data.
The contingent earn-out consideration from the acquisition of Repstad Anlegg in 2023 is measured at fair value at the acquisition date using estimates of discounted cash flows. The consideration agreement includes an earn-out of +/- 2x Earnings before interest and tax in local GAAP from 2023 to 2025 with a reference point of NOK 150 million, capped and floored at + NOK 100 million and \u2013 NOK 50 million, due by June 2026. The contingent earn-out is increased from NOK 60 million to NOK 100 million in 2025 to reflect the final calculation of the earn-out considerations from the acquisition of Repstad Anlegg AS. The subsequent measurement of the earn-out is at fair value through profit and loss and classified as a financial expense.
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page115-cflshid_52281-tag450918": {
"value": "Fair value hierarchy
The Group classifies the financial instruments at fair value in accordance with the valuation hierarchy prescribed under the accounting standards. The various levels are defined as follows:
Level 1 \u2013 Quoted price (unadjusted) in active markets for identical assets or liabilities.
Level 2 \u2013 Valuation derived directly or indirectly from a quoted price within level 1.
Level 3 \u2013 Valuation based on inputs not obtained from observable market data.
",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page116-cflshid_52640-tag450954": {
"value": "NOTE 22:FINANCIAL RISK MANAGEMENT
The Group is exposed to the following financial risks resulting from the use of financial instruments:
- credit risk- liquidity risk- market risk - currency risk - interest rate risk
The board of directors has overall responsibility for establishing and monitoring the Group\u2019s risk management framework. Risk management principles have been established in order to identify and analyse the risks to which the Group is exposed, to stipulate limits on risk and pertaining control procedures, and to monitor risk and compliance with the limits. Risk management principles and systems are reviewed regularly to reflect changes in activities and market conditions.
Credit risk is the risk of financial losses in the event that a customer or counterparty in a financial instrument is unable to meet its contractual obligations. Credit risk relates usually to the Group\u2019s receivables from customers. The Group\u2019s exposure to credit risk is mainly the result of individual factors relating to each individual customer. The demographics of the customer base, including the risk of default of payment in the industry and the country in which the customers operate, have less influence on the credit risk. There is no geographical concentration of credit risk. For loss-allowances related to trade receivables, see further details in Note 15.
The Group\u2019s trade receivables are related to the segments infrastructure, Aquaculture solutions and Other. The customers are public customers within maritime and transport related infrastructure, aquaculture companies and other industrial companies of all sizes.
The Group has established guidelines for credit rating. This means that the creditworthiness of all new customers is assessed on an individual basis before the customer is offered the Group\u2019s standard terms and conditions for delivery and payment. For the public sector, credit risk is considered to be minimal and for Norwegian private customers, most contracts follow standards with requirements of providing security before fulfilment of contractual obligations, reducing the credit exposure for the Group. The Groups sales directly to the public sector amounted to approx. 41 % of operating revenue in 2025.
The credit risk linked to transactions on financial derivatives is considered to be limited as the counterparties are banks with a high credit ranking.
Credit risk is monitored by subsidiaries and at group level. The Group regards its maximum credit risk exposure to the carrying amount of trade debtors and other receivables.
Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. The Group\u2019s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities under both normal and stressed conditions. The Group management monitors the Groups liquidity through revolving liquidity forecast. See note 20 for more information on the Group\u2019s loans and borrowings as of 31.12.2025.
The Group\u2019s liquidity is impacted by seasonal fluctuations and fluctuations between different project phases. The Group had NOK 1 530.4 million in liquidity reserves as at 31.12.2025, including 15.5 million in restricted funds and NOK 250 million in non-utilized overdraft facility.
Exposure to liquidity risk
The following are the remaining contractual maturities of financial liabilities at the reporting date, including payment of interest and without the effect of settlement arrangements:
| 31.12.2025 | | | Contractual cash flows |
| (NOKm) | Carrying amount | Total | 6 months or less | 6-12 months | 1-2 years | 2-5 years | More than 5 years |
| Secured bank loans \u2013 non-current | 883.2 | 1 177.8 | 31.2 | 29.8 | 156.1 | 428.5 | 532.1 |
| Other loans | 31.4 | 31.5 | 9.4 | 2.1 | 7.9 | 12.1 | - |
| Other current financial liabilities | 100.0 | 100.0 | 100.0 | - | - | - | - |
| Loans and borrowings \u2013 current | 155.1 | 156.5 | 106.5 | 50.0 | - | - | - |
| Trade and other payables | 1 738.9 | 1 738.9 | 1 738.9 | - | - | - | - |
| Total | 2 908.7 | 3 204.6 | 1 986.0 | 81.9 | 164.0 | 440.6 | 532.1 |
| 31.12.2024 | | | Contractual cash flows |
| (NOKm) | Carrying amount | Total | 6 months or less | 6-12 months | 1-2 years | 2-5 years | More than 5 years |
| Secured bank loans \u2013 non-current | 446.6 | 503.8 | 22.0 | 19.5 | 462.3 | - | - |
| Other loans | 94.5 | 98.4 | 7.8 | 9.0 | 76.0 | 5.6 | - |
| Other non-current liabilities | 60.0 | 60.0 | - | - | 60.0 | - | - |
| Secured bank loans \u2013 current | 118.0 | 118.0 | 59.0 | 59.0 | - | - | - |
| Trade and other payables | 621.7 | 621.7 | 621.7 | - | - | - | - |
| Total | 1 340.8 | 1 401.9 | 710.5 | 87.6 | 598.3 | 5.6 | - |
Market risk is the risk that fluctuations in market prices, e.g. exchange rates, the price of such raw materials as steel, and interest rates, will affect future cash flows or the value of financial instruments. Market risk management aims to ensure that risk exposure stays within the defined limits, while optimising the risk-adjusted return. Attempts should be made to secure major purchases in connection with projects as soon as possible after the final clarification of the project.
Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Group\u2019s exposure to changes in foreign exchange rates relates primarily to the parent company\u2019s bank loan facility of SEK 285 million
(outstanding as per 31.12.25) as part of our financing, but also has minor exposure against other currencies. The Group continuously assesses the need for hedging remaining currency exposure, based on perceived risk and materiality.A change in the foreign exchange rate towards SEK on the reporting date would have increased (reduced) equity and yearly profit by the amounts shown in the table below. The analysis shows the sensitivity of the parent company SEK bank facility and assumes all other variables remain unchanged.
| (NOKm) | 2025 | 2024 |
| Effect of 5 % appreciation of NOK towards SEK at 31 Dec | | |
| Effect on profit after tax an equity | 11.6 | 4.4 |
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Group\u2019s exposure to changes in market interest rates relates primarily to the Group\u2019s secured bank loan with floating interest rates. The Group have previously entered into interest rate swaps to partly hedge against the interest rate risk of the Group, and the group continuously assess whether to hedge against interest rate risk.
A change in the interest rate of 100 base points on the reporting date would have increased (reduced) equity and yearly profit by the amounts shown in the table below. This analysis assumes that all other variables, particularly the exchange rates, remain unchanged.
| (NOKm) | 2025 | 2024 |
| Effect of 100 bp increase in interest rate | | |
| Effect on profit after tax and equity | (9.5) | (4.5) |
The Board of Directors\u2019 goal is to maintain a strong capital base in order to preserve the confidence of investors, creditors and market, and to develop business activities. The return on capital is monitored by the board. Return on capital is defined as the operating profit/ loss divided by the total equity. The board also monitors and evaluates the level of dividends on ordinary shares in line with the Group\u2019s dividend policy, taking into account the Group\u2019s financial position, cash flow and future capital requirements. The Board of Directors initiated a share buy-back program in March 2024, which have been continued in 2025. For further details, see Note 23.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page116-cflshid_52692-tag450919": {
"value": "Credit risk is the risk of financial losses in the event that a customer or counterparty in a financial instrument is unable to meet its contractual obligations. Credit risk relates usually to the Group\u2019s receivables from customers. The Group\u2019s exposure to credit risk is mainly the result of individual factors relating to each individual customer. The demographics of the customer base, including the risk of default of payment in the industry and the country in which the customers operate, have less influence on the credit risk. There is no geographical concentration of credit risk. For loss-allowances related to trade receivables, see further details in Note 15.
The Group\u2019s trade receivables are related to the segments infrastructure, Aquaculture solutions and Other. The customers are public customers within maritime and transport related infrastructure, aquaculture companies and other industrial companies of all sizes.
The Group has established guidelines for credit rating. This means that the creditworthiness of all new customers is assessed on an individual basis before the customer is offered the Group\u2019s standard terms and conditions for delivery and payment. For the public sector, credit risk is considered to be minimal and for Norwegian private customers, most contracts follow standards with requirements of providing security before fulfilment of contractual obligations, reducing the credit exposure for the Group. The Groups sales directly to the public sector amounted to approx. 41 % of operating revenue in 2025.
The credit risk linked to transactions on financial derivatives is considered to be limited as the counterparties are banks with a high credit ranking.
Credit risk is monitored by subsidiaries and at group level. The Group regards its maximum credit risk exposure to the carrying amount of trade debtors and other receivables.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page116-cflshid_52914-tag450920": {
"value": "Liquidity risk is the risk that the Group will not be able to meet its financial obligations as they fall due. The Group\u2019s approach to managing liquidity is to ensure, as far as possible, that it will always have sufficient liquidity to meet its liabilities under both normal and stressed conditions. The Group management monitors the Groups liquidity through revolving liquidity forecast. See note 20 for more information on the Group\u2019s loans and borrowings as of 31.12.2025.
The Group\u2019s liquidity is impacted by seasonal fluctuations and fluctuations between different project phases. The Group had NOK 1 530.4 million in liquidity reserves as at 31.12.2025, including 15.5 million in restricted funds and NOK 250 million in non-utilized overdraft facility.
Exposure to liquidity risk
The following are the remaining contractual maturities of financial liabilities at the reporting date, including payment of interest and without the effect of settlement arrangements:
| 31.12.2025 | | | Contractual cash flows |
| (NOKm) | Carrying amount | Total | 6 months or less | 6-12 months | 1-2 years | 2-5 years | More than 5 years |
| Secured bank loans \u2013 non-current | 883.2 | 1 177.8 | 31.2 | 29.8 | 156.1 | 428.5 | 532.1 |
| Other loans | 31.4 | 31.5 | 9.4 | 2.1 | 7.9 | 12.1 | - |
| Other current financial liabilities | 100.0 | 100.0 | 100.0 | - | - | - | - |
| Loans and borrowings \u2013 current | 155.1 | 156.5 | 106.5 | 50.0 | - | - | - |
| Trade and other payables | 1 738.9 | 1 738.9 | 1 738.9 | - | - | - | - |
| Total | 2 908.7 | 3 204.6 | 1 986.0 | 81.9 | 164.0 | 440.6 | 532.1 |
| 31.12.2024 | | | Contractual cash flows |
| (NOKm) | Carrying amount | Total | 6 months or less | 6-12 months | 1-2 years | 2-5 years | More than 5 years |
| Secured bank loans \u2013 non-current | 446.6 | 503.8 | 22.0 | 19.5 | 462.3 | - | - |
| Other loans | 94.5 | 98.4 | 7.8 | 9.0 | 76.0 | 5.6 | - |
| Other non-current liabilities | 60.0 | 60.0 | - | - | 60.0 | - | - |
| Secured bank loans \u2013 current | 118.0 | 118.0 | 59.0 | 59.0 | - | - | - |
| Trade and other payables | 621.7 | 621.7 | 621.7 | - | - | - | - |
| Total | 1 340.8 | 1 401.9 | 710.5 | 87.6 | 598.3 | 5.6 | - |
Market risk is the risk that fluctuations in market prices, e.g. exchange rates, the price of such raw materials as steel, and interest rates, will affect future cash flows or the value of financial instruments. Market risk management aims to ensure that risk exposure stays within the defined limits, while optimising the risk-adjusted return. Attempts should be made to secure major purchases in connection with projects as soon as possible after the final clarification of the project.
Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Group\u2019s exposure to changes in foreign exchange rates relates primarily to the parent company\u2019s bank loan facility of SEK 285 million
(outstanding as per 31.12.25) as part of our financing, but also has minor exposure against other currencies. The Group continuously assesses the need for hedging remaining currency exposure, based on perceived risk and materiality.A change in the foreign exchange rate towards SEK on the reporting date would have increased (reduced) equity and yearly profit by the amounts shown in the table below. The analysis shows the sensitivity of the parent company SEK bank facility and assumes all other variables remain unchanged.
| (NOKm) | 2025 | 2024 |
| Effect of 5 % appreciation of NOK towards SEK at 31 Dec | | |
| Effect on profit after tax an equity | 11.6 | 4.4 |
Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market interest rates. The Group\u2019s exposure to changes in market interest rates relates primarily to the Group\u2019s secured bank loan with floating interest rates. The Group have previously entered into interest rate swaps to partly hedge against the interest rate risk of the Group, and the group continuously assess whether to hedge against interest rate risk.
A change in the interest rate of 100 base points on the reporting date would have increased (reduced) equity and yearly profit by the amounts shown in the table below. This analysis assumes that all other variables, particularly the exchange rates, remain unchanged.
| (NOKm) | 2025 | 2024 |
| Effect of 100 bp increase in interest rate | | |
| Effect on profit after tax and equity | (9.5) | (4.5) |
Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Group\u2019s exposure to changes in foreign exchange rates relates primarily to the parent company\u2019s bank loan facility of SEK 285 million
(outstanding as per 31.12.25) as part of our financing, but also has minor exposure against other currencies. The Group continuously assesses the need for hedging remaining currency exposure, based on perceived risk and materiality.A change in the foreign exchange rate towards SEK on the reporting date would have increased (reduced) equity and yearly profit by the amounts shown in the table below. The analysis shows the sensitivity of the parent company SEK bank facility and assumes all other variables remain unchanged.
| (NOKm) | 2025 | 2024 |
| Effect of 5 % appreciation of NOK towards SEK at 31 Dec | | |
| Effect on profit after tax an equity | 11.6 | 4.4 |
The Board of Directors\u2019 goal is to maintain a strong capital base in order to preserve the confidence of investors, creditors and market, and to develop business activities. The return on capital is monitored by the board. Return on capital is defined as the operating profit/ loss divided by the total equity. The board also monitors and evaluates the level of dividends on ordinary shares in line with the Group\u2019s dividend policy, taking into account the Group\u2019s financial position, cash flow and future capital requirements. The Board of Directors initiated a share buy-back program in March 2024, which have been continued in 2025. For further details, see Note 23.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page119-cflshid_54297-tag450971": {
"value": "NOTE 23:SHARE CAPITAL AND SHAREHOLDER INFORMATION
Issue of shares registered 21 January 2025 - The company\u2019s share capital increased by NOK 443,783 from NOK 18,445,075 to NOK 18,888,858 by issuing 887,566 new shares each with a nominal value of NOK 0.5. The issuance was in connection with the acquisition of VAQ AS.
Issue of shares registered 05 March 2025 - The company\u2019s share capital increased by NOK 62.500 from NOK 18,888,858 to NOK 18.951.358 by issuing 125.000 new shares each with a nominal value of NOK 0.5. The issuance was in connection with a settlement of Kverva Finans AS entitlement to underwriting commission as a part of the private placement successfully placed on 11 February 2025.
Issue of shares registered 10 March 2025 - The company\u2019s share capital increased by NOK 2,430,555.5 from NOK 18.951.358 to NOK 21,381,913.5 by issuing 4,861,111 new shares each with a nominal value of NOK 0.5. The issuance was in connection with the private placement successfully placed on 11 February 2025. Issue of shares registered 17 March 2025 - The company\u2019s share capital increased by NOK 107,750 from NOK 21,381,913.5 to NOK 21,489,663.5 by issuing 215,500 new shares each with a nominal value of NOK 0.5. The issuance was in connection with the Incentive Share Program to certain members of the Company's board of directors and other employees, following their exercise of share o ptions on 10 February 2025 (110,500 options with a strike price of NOK 41.25 and 105,000 options with a strike price of NOK 44.88).
Issue of shares registered 20 March 2025 - The company\u2019s share capital increased by NOK 3,666,665 from NOK 21,489,663.5 to NOK 25,156,330 by issuing 7,333,330 new shares each with a nominal value of NOK 0.5. The issuance was in connection with the completion of the acquisition of 100% of the shares in Total Betong AS, Igang Totalentrepren\u00f8r AS and Habto Holding AS (including HAB Constructions AS and Propoint Survey AS) from Totalbetong Gruppen AS and certain minority sellers.
Issue of shares registered 14 May 2025 - The company\u2019s share capital increased by NOK 191.670 from NOK 25,156,330 to NOK 25,348,000 by issuing 383.340 new shares each with a nominal value of NOK 0.5. The issuance was in connection with the employ ee share purchase program for 2025.
At 31 December 2025 the share capital of End\u00far ASA was NOK 25,347,998.50 divided into 50,696,000 shares each with a nominal value of NOK 0.5. All shares have equal voting rights.
| Shareholders as of 31 December 2025 | No of shares | Holding |
| Artec Holding AS | 6 411 077 | 12.65 % |
| Kverva Finans AS | 4 291 668 | 8.47 % |
| Verdipapirfondet DNB SMB | 2 254 532 | 4.45 % |
| Tigerstaden Marine AS | 1 500 000 | 2.96 % |
| Hodne Invest AS | 1 402 338 | 2.77 % |
| Orstad R\u00e5dgivning AS | 1 400 339 | 2.76 % |
| Songa Capital AS | 1 385 847 | 2.73 % |
| VPF DNB Norge Selektiv | 1 355 834 | 2.67 % |
| Bever Holding AS | 1 274 428 | 2.51 % |
| Hausta Investor AS | 1 156 766 | 2.28 % |
| Verdipapirfondet DNB Norge | 1 011 522 | 2.00 % |
| Totar AS | 711 694 | 1.40 % |
| TUK Holding AS | 707 735 | 1.40 % |
| T\u00e5ka Holding AS | 642 159 | 1.27 % |
| Alden AS | 590 000 | 1.16 % |
| Danske Bank A/S | 507 131 | 1.00 % |
| PIROL AS | 500 000 | 0.99 % |
| LGA Holding AS | 476 012 | 0.94 % |
| BOW Holding AS | 468 138 | 0.92 % |
| Guttis AS | 466 931 | 0.92 % |
| Total shares owned by 20 largest shareholders | 28 514 151 | 56.25 % |
| Other shareholders | 22 181 849 | 43.75 % |
| Total number of shares 31.12.2025 | 50 696 000 | 100.00 % |
At the General Meeting held on May 20, 2025, the Board of Directors received approval to acquire up to 2.515.633 treasury shares, with an aggregated par value of up to NOK 1.257.816,50 equivalent to around 5% of the company\u2019s share capital. The buy-back program was initiated in Q1 2024, with a maximum amount paid under the program of NOK 50 million. The first trade was executed 6 March 2024, and the program was expected to be finalized within February 28\u2019th 2026, at the latest. On October 16\u2019th 2025, the Board of Directors resolved to prolong the share buy-back program. The program prolongs the company\u2019s previous share-buy-back program announced on 1 March 2024, which was completed with a total repurchase of approximately NOK 51 million. The purpose of the program is capital allocation of the benefit of the shareholders and maintaining a practical stock of treasury shares. The program is to be considered a stand-alone measure, independent of the dividend ambition communicated by the company.
The total amount of shares purchased through the buyback program per 31 December 2025 was 846.375, of which 419.854 in 2025, with a
volume-weighted average cost price of NOK 68.2462 for a total amount of NOK 57,8 million. As part of the acquisition of VAQ AS, 50.000 shares were transferred to a price per share of NOK 62.6623. As part of the acquisition of Nero Anlegg AS, 12.111 shares were transferred to a price per share of NOK 90.8290. In addition, 226.700 shares have been used for exercise of employee share options. As per 31 December 2025, the company holds 339.567 own shares corresponding to 0.67 % of the company\u2019s total registered share capital.The following table shows shares owned by End\u00far ASA, as of 31 December 2025.
| Changes in share holding | Note | Consideration paid/received in NOK million | No of shares | Holding |
| Total number of treasury shares 01.01.2025 | | 10.6 | 208 524 | 0.57 % |
| Acquired during 2025 | | 35.8 | 419.854 | 0.83 % |
| Use of own shares - Share option program | | (9.8) | (226.700) | (0.45 %) |
| Use of own shares \u2013 Business combination | 3 | (4.5) | (62.111) | (0.12 %) |
| Total number of treasury shares 31.12.2025 | 32.1 | 339.567 | 0.67 % |
SHARES OWNED BY EXECUTIVE PERSONNEL AND BOARD MEMBERS
The following table shows shares owned by executive personnel and board members, including shares owned by their related parties, as of 31 December 2025.
| NameRole/TitleOwnership | No of shares | Holding |
| P\u00e5l Reiulf OlsenChairmanShares owned by Poca Invest AS | 161 399 | 0.32 % |
| Bj\u00f8rn Finn\u00f8yBoard memberShares owned by Artec Holding AS | 6 411 077 | 12.65 % |
| Kristine LandmarkBoard member | 33 577 | 0.07 % |
| Hedvig Bugge ReiersenBoard member | 0 | 0 % |
| B\u00f8rge KlungerboBoard member | 0 | 0 % |
| Jostein DevoldDeputy member, (member May 24-Mar 25) | 10 385 | 0.02 % |
| Olav Hetland Bang-HaagensenDeputy memberTotar AS | 711 694 | 1.40 % |
| Jeppe RaaholtCEO End\u00far ASA and the GroupShares owned by R\u00e5bj\u00f8rn AS | 320 857 | 0.63 % |
| Einar OlsenCFO End\u00far ASA and the GroupShares owned by Red Devil Holding AS | 94 000 | 0.19 % |
| Total number of shares 31.12.2025 owned by executive personnel and board members | 7 742 989 | 15.27 % |
At year end, in addition to the shareholdings presented above, Jeppe Raaholt owned 680,000 share options and Einar Olsen owned 450,000 share options. No loans nor guarantees have been issued to members of the Board.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page119-cflshid_54343-tag450972": {
"value": "Issue of shares registered 21 January 2025 - The company\u2019s share capital increased by NOK 443,783 from NOK 18,445,075 to NOK 18,888,858 by issuing 887,566 new shares each with a nominal value of NOK 0.5. The issuance was in connection with the acquisition of VAQ AS.
Issue of shares registered 05 March 2025 - The company\u2019s share capital increased by NOK 62.500 from NOK 18,888,858 to NOK 18.951.358 by issuing 125.000 new shares each with a nominal value of NOK 0.5. The issuance was in connection with a settlement of Kverva Finans AS entitlement to underwriting commission as a part of the private placement successfully placed on 11 February 2025.
Issue of shares registered 10 March 2025 - The company\u2019s share capital increased by NOK 2,430,555.5 from NOK 18.951.358 to NOK 21,381,913.5 by issuing 4,861,111 new shares each with a nominal value of NOK 0.5. The issuance was in connection with the private placement successfully placed on 11 February 2025. Issue of shares registered 17 March 2025 - The company\u2019s share capital increased by NOK 107,750 from NOK 21,381,913.5 to NOK 21,489,663.5 by issuing 215,500 new shares each with a nominal value of NOK 0.5. The issuance was in connection with the Incentive Share Program to certain members of the Company's board of directors and other employees, following their exercise of share o ptions on 10 February 2025 (110,500 options with a strike price of NOK 41.25 and 105,000 options with a strike price of NOK 44.88).
Issue of shares registered 20 March 2025 - The company\u2019s share capital increased by NOK 3,666,665 from NOK 21,489,663.5 to NOK 25,156,330 by issuing 7,333,330 new shares each with a nominal value of NOK 0.5. The issuance was in connection with the completion of the acquisition of 100% of the shares in Total Betong AS, Igang Totalentrepren\u00f8r AS and Habto Holding AS (including HAB Constructions AS and Propoint Survey AS) from Totalbetong Gruppen AS and certain minority sellers.
Issue of shares registered 14 May 2025 - The company\u2019s share capital increased by NOK 191.670 from NOK 25,156,330 to NOK 25,348,000 by issuing 383.340 new shares each with a nominal value of NOK 0.5. The issuance was in connection with the employ ee share purchase program for 2025.
At 31 December 2025 the share capital of End\u00far ASA was NOK 25,347,998.50 divided into 50,696,000 shares each with a nominal value of NOK 0.5. All shares have equal voting rights.
| Shareholders as of 31 December 2025 | No of shares | Holding |
| Artec Holding AS | 6 411 077 | 12.65 % |
| Kverva Finans AS | 4 291 668 | 8.47 % |
| Verdipapirfondet DNB SMB | 2 254 532 | 4.45 % |
| Tigerstaden Marine AS | 1 500 000 | 2.96 % |
| Hodne Invest AS | 1 402 338 | 2.77 % |
| Orstad R\u00e5dgivning AS | 1 400 339 | 2.76 % |
| Songa Capital AS | 1 385 847 | 2.73 % |
| VPF DNB Norge Selektiv | 1 355 834 | 2.67 % |
| Bever Holding AS | 1 274 428 | 2.51 % |
| Hausta Investor AS | 1 156 766 | 2.28 % |
| Verdipapirfondet DNB Norge | 1 011 522 | 2.00 % |
| Totar AS | 711 694 | 1.40 % |
| TUK Holding AS | 707 735 | 1.40 % |
| T\u00e5ka Holding AS | 642 159 | 1.27 % |
| Alden AS | 590 000 | 1.16 % |
| Danske Bank A/S | 507 131 | 1.00 % |
| PIROL AS | 500 000 | 0.99 % |
| LGA Holding AS | 476 012 | 0.94 % |
| BOW Holding AS | 468 138 | 0.92 % |
| Guttis AS | 466 931 | 0.92 % |
| Total shares owned by 20 largest shareholders | 28 514 151 | 56.25 % |
| Other shareholders | 22 181 849 | 43.75 % |
| Total number of shares 31.12.2025 | 50 696 000 | 100.00 % |
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page120-cflshid_54738-tag450973": {
"value": "At the General Meeting held on May 20, 2025, the Board of Directors received approval to acquire up to 2.515.633 treasury shares, with an aggregated par value of up to NOK 1.257.816,50 equivalent to around 5% of the company\u2019s share capital. The buy-back program was initiated in Q1 2024, with a maximum amount paid under the program of NOK 50 million. The first trade was executed 6 March 2024, and the program was expected to be finalized within February 28\u2019th 2026, at the latest. On October 16\u2019th 2025, the Board of Directors resolved to prolong the share buy-back program. The program prolongs the company\u2019s previous share-buy-back program announced on 1 March 2024, which was completed with a total repurchase of approximately NOK 51 million. The purpose of the program is capital allocation of the benefit of the shareholders and maintaining a practical stock of treasury shares. The program is to be considered a stand-alone measure, independent of the dividend ambition communicated by the company.
The total amount of shares purchased through the buyback program per 31 December 2025 was 846.375, of which 419.854 in 2025, with a
volume-weighted average cost price of NOK 68.2462 for a total amount of NOK 57,8 million. As part of the acquisition of VAQ AS, 50.000 shares were transferred to a price per share of NOK 62.6623. As part of the acquisition of Nero Anlegg AS, 12.111 shares were transferred to a price per share of NOK 90.8290. In addition, 226.700 shares have been used for exercise of employee share options. As per 31 December 2025, the company holds 339.567 own shares corresponding to 0.67 % of the company\u2019s total registered share capital.The following table shows shares owned by End\u00far ASA, as of 31 December 2025.
| Changes in share holding | Note | Consideration paid/received in NOK million | No of shares | Holding |
| Total number of treasury shares 01.01.2025 | | 10.6 | 208 524 | 0.57 % |
| Acquired during 2025 | | 35.8 | 419.854 | 0.83 % |
| Use of own shares - Share option program | | (9.8) | (226.700) | (0.45 %) |
| Use of own shares \u2013 Business combination | 3 | (4.5) | (62.111) | (0.12 %) |
| Total number of treasury shares 31.12.2025 | 32.1 | 339.567 | 0.67 % |
NOTE 24:SHARE-BASED PAYMENTS
SHARE PURCHASE PROGRAMThe Group issued a share subscription program in December 2021 whereby all permanent employees of the Group were offered the opportunity to subscribe new shares in the Group at a discount. In December 2024 the share option program was replaced by a long-term incentive program. The sale of shares to employees at less than market price is accounted for by recognising the difference between market value of the shares and purchase price as a payroll expense.
Share purchase program in 2024
The Group did undertake a share purchase program in January 2024 whereby all permanent employees of the Group were offered the opportunity to subscribe new shares in the Group at a discount in accordance with a resolution made by the annual general meeting on 23 May 2023 at a subscription price per share of NOK 32.75, reflecting a discount of 20% on the volume weighted average closing price of the Group\u2019s share during the application. The fair value of the discount per share was NOK 8.19. A total of 123,123 shares were allocated. All shares subscribed and allotted under the offering are subject to 6 months lock-up.
Share purchase program in 2025
The Group did undertake a share purchase program in April 2025 whereby all permanent employees of the Group were offered the opportunity to subscribe new shares in the Group at a discount in accordance with a resolution made by the extraordinary general meeting on 4 March 2025 at a subscription price per share of NOK 59.42, reflecting a discount of 20% on the volume weighted average closing price of the Group\u2019s share during the application period. The fair value of the discount per share was NOK 11.48. A total of 383,340 shares were allocated. All shares subscribed and allotted under the offering are subject to 6 months lock-up.
The Group offers share option programs to executive management and key personnel of the Group. Share options are measured at fair value at the time of allotment. The calculated value of the estimated share of redeemed options is recognised as a payroll expense, booked towards other paid-in equity. The cost is distributed over the period until the employee acquires an unconditional right to redeem the options. The estimated number of
options that are expected to be redeemed is reassessed on every balance sheet date. The Group had the following share option programs during the year:Share option program 2022
The Group issued a share option program to executive management and key personnel of the Group in 2022. A total of 311.000 share options / warrants were issued (before share consolidation of 50:1 in June 2022, the number of share options totalled to 15.550.000), each option with a right of issuance or purchase of 1 share in End\u00far ASA. The strike price is NOK 41.25. The share options were allocated 28 February 2022. The vesting period is 1 year from the date of allocation, with a 3-year exercise period, subject to the participant\u2019s continued employment. Options not exercised by the expiration date will lapse without consideration.
Share option program 2023
The Group issued a share option program to executive management and key personnel of the Group in 2023. A total of 280.000 share options / warrants were issued, each option with a right of issuance or purchase of 1 share in End\u00far ASA. The strike price is NOK 44.88. The share options were allocated 5 June 2023. The vesting period is 1 year from the date of allocation, with a 3-year exercise period, subject to the participant\u2019s continued employment. Options not exercised by the expiration date will lapse without consideration.
Share option program 2024
The Group issued a share option program to executive management and key personnel of the Group in 2024. A total of 262.000 share options / warrants were issued, each option with a right of issuance or purchase of 1 share in End\u00far ASA. The strike price is NOK 42,74. The share options were allocated 5 March 2024. The vesting period is 1 year from the date of allocation, with a 3-year exercise period, subject to the participant\u2019s continued employment. Options not exercised by the expiration date will lapse without consideration.
Options awarded Repstad transaction
Following the acquisition of Repstad Anlegg AS, with subsidiaries, in 2023, End\u00far issued 235 000 share options key employees of the acquired companies. Award date was 3 March 2024, with strike price NOK 44,01. The vesting period is 1 year from the date of allocation, with a 3-year exercise period, subject to the participant\u2019s continued employment. Options not
exercised by the expiration date will lapse without consideration.Long-term incentive program
In December 2024, the Board of Directors of End\u00far resolved to grant a new long term incentive program for executive management and key employees, in accordance with the authorization granted by the Annual General meeting on 23 May 2024. A total of 2,450,000 share options were issued, each option with a right to acquire 1 share in End\u00far ASA. The
strike price is NOK 61.09. The vesting period is 5 year from the date of allocation, with a 2-year exercise period subject to the participant\u2019s continued employment. 50 % of the shares exercised shall be subject to lock-up. The lock-up ceases for 20 percent of such shares on each anniversary of the vesting of the related options, so that all shares are freely tradable ten years after the grant of the share option. Options not exercised by the expiration date will lapse without consideration.
Reconciliation of outstanding share options
| 2025 number | 2025 WAEP | 2024 number | 2024 WAEP |
| | | | \u00a0 |
| Share option program | \u00a0 | | \u00a0 | |
| Outstanding options at 1 January | 3 334 017 | 56.38 | 503 669 | 43.19 |
| Granted during the year | - | - | 2 947 000 | 58.10 |
| Expired during the year | - | - | - | - |
| Forfeited during the year | (15 500) | 42.96 | (81 551) | 42.79 |
| Exercised during the year | (442 200) | 43.08 | (35 101) | 42.71 |
| Outstanding options at 31 December | 2 876 317 | 58.50 | 3 334 017 | 56.38 |
| Exercisable at 31 December | 426 317 | 43.60 | 387 017 | 43.32 |
Measurement of fair value granted share option programs
The model used for measurement of the fair values is Black-Scholes. The inputs used in the measurement of the fair values at grant date of the options outstanding at 31 December 2025 were as follows:
| | Share option programs as at 31 December 2025 |
| Long-term incentive program | Options awarded Repstad transaction | Share option program 2024 | Share option program 2023 | Share option program 2022 |
| Options outstanding at 31 Dec | 2 450 000 | 192 000 | 123 300 | 80 017 | 31 000 |
| Awarded date | 9 Dec 2024 | 5 Mar 2024 | 5 Mar 2024 | 5 Jun 2023 | 28 Feb 2022 |
| Expiration period in months | 84 months | 48 months | 48 months | 48 months | 48 months |
| Fair value at grant | NOK 10.06 | NOK 4.55 | NOK 3.80 | NOK 6.6 | NOK 1.9 |
| Share price at grant date | 66.7 | 38.85 | 38.85 | 39.70 | 37.50 |
| Strike price | 61.09 | 44.01 | 42.74 | 44.88 | 41.25 |
| Risk free interest rate | 3 % | 3.0 % | 3.0 % | 3.5 % | 2.75 % |
| Expected volatility | 15.0 % | 15.0 % | 15.0 % | 20.0 % | 12.9 % |
The weighted average remaining contractual life of the share options outstanding as of 31 December 2025 was 5.3 years (31 December 2024: 5.8 years). Expected volatility has been based on an evaluation of the 12-24-month historical volatility of the Company\u2019s share price.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page122-cflshid_55749-tag450922": {
"value": "SHARE PURCHASE PROGRAMThe Group issued a share subscription program in December 2021 whereby all permanent employees of the Group were offered the opportunity to subscribe new shares in the Group at a discount. In December 2024 the share option program was replaced by a long-term incentive program. The sale of shares to employees at less than market price is accounted for by recognising the difference between market value of the shares and purchase price as a payroll expense.
The Group offers share option programs to executive management and key personnel of the Group. Share options are measured at fair value at the time of allotment. The calculated value of the estimated share of redeemed options is recognised as a payroll expense, booked towards other paid-in equity. The cost is distributed over the period until the employee acquires an unconditional right to redeem the options. The estimated number of
options that are expected to be redeemed is reassessed on every balance sheet date. The Group had the following share option programs during the year:",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page124-cflshid_57181-tag450958": {
"value": "NOTE 25:GROUP COMPANIES
| Group company | Owner | Registered office | Company\u2019s share capital | Holding and votes | Profit/loss for the year (prelim.) | Equity as at 31.12.25 (prelim.) |
| End\u00far Maritime AS | End\u00far ASA | 1366 Lysaker | 12.4 | 100 % | 4.4 | 38.2 |
| Marcon Gruppen i Sverige AB | End\u00far ASA | Sweden | 0.2 | 100 % | 22.2 | 155.6 |
| BG Malta Ltd | End\u00far ASA | Malta | 0.0 | 100 % | (0.0) | (0.0) |
| BMO Entrepren\u00f8r AS | End\u00far ASA | 3619 Skollenborg | 0.6 | 100 % | 67.3 | 123.7 |
| Norsk Bergsikring AS | BMO Entrepren\u00f8r AS | 3619 Skollenborg | 4.0 | 90.1 % | 8.3 | 29.4 |
| Nero Anlegg AS | BMO Entrepren\u00f8r AS | 3619 Skollenborg | 0.0 | 100 % | 0.3 | 0.5 |
| Banekompaniet AS | BMO Entrepren\u00f8r AS | 3619 Skollenborg | 1.0 | 100 % | 0.2 | 10.0 |
| Artec Aqua VAQ AS | End\u00far ASA | 6018 \u00c5lesund | 3.3 | 100 % | 13.4 | 47.5 |
| VAQ Aps | Artec Aqua AS | Denmark | 0.0 | 100 % | (0.1) | 0.5 |
| End\u00far Sj\u00f8sterk AS | End\u00far ASA | 5252 S\u00f8reidgrend | 0.4 | 100 % | 25.1 | 27.2 |
| Hav Elektro AS | End\u00far Sj\u00f8sterk AS | 5384 Torangsv\u00e5g | 0.2 | 100 % | 1.6 | 8.7 |
| End\u00far Eiendom AS | End\u00far ASA | 5160 Laksev\u00e5g | 0.1 | 100 % | 0.7 | 12.5 |
| Repstad Anlegg AS | End\u00far ASA | 4636 Kristiansand | 1.5 | 100 % | 87.6 | 144.8 |
| Total Betong AS | End\u00far ASA | 4344 Bryne | 3.5 | 100 % | 143.1 | 208.2 |
| Igang Totalentrepren\u00f8r AS | End\u00far ASA | 4353 Klepp Stasjon | 0.1 | 100 % | 14.4 | 30.7 |
| Habto Holding AS | End\u00far ASA | 1366 Lysaker | 1.0 | 100 % | (7.0) | 97.3 |
| HAB Constructions AS | Habto Holding AS | 1366 Lysaker | 0.1 | 100 % | 39.1 | 149.2 |
| Propoint Survey AS | End\u00far ASA | 1366 Lysaker | 0.1 | 100 % | 2.9 | 5.8 |
| Nova Water Solutions AS | Total Betong AS | 1337 Sandvika | 0.1 | 75 % | (0.6) | 1.4 |
| Marcon Teknik AB | Marcon Gruppen i Sverige AB | Sweden | 0.2 | 100 % | (0.1) | 8.9 |
| Svensk Sj\u00f6entrepenad i Malm\u00f6 AB | Marcon Gruppen i Sverige AB | Sweden | 0.2 | 100 % | (3.8) | 26.9 |
| Stockholms Vattentrepenader AB | Marcon Gruppen i Sverige AB | Sweden | 0.1 | 100 % | 1.3 | 27.8 |
| Marc-Con Wind Power i Sverige AB | Marcon Gruppen i Sverige AB | Sweden | 0.1 | 100 % | (0.0) | 1.6 |
| SSE Gibraltar Ltd | Marcon Gruppen i Sverige AB | Sweden | 0.0 | 100 % | 0.1 | 1.6 |
| DYKAB i Lule\u00e5 AB | Marcon Gruppen i Sverige AB | Sweden | 0.3 | 100 % | (0.4) | 13.5 |
| DYKAB i Stockholm AB | Marcon Gruppen i Sverige AB | Sweden | 0.2 | 100 % | 0.7 | 0.8 |
| Svenska Tungdykargruppen AB | Marcon Gruppen i Sverige AB | Sweden | 0.1 | 100 % | 3.7 | 28.6 |
| Leif Hodnemyr Transport AS | Repstad Anlegg AS | 4636 Kristiansand | 2.8 | 100 % | (2.0) | 4.1 |
| Sand\u00e5s Anlegg AS | Repstad Anlegg AS | 4820 Froland | 1.0 | 100 % | 8.4 | 14.6 |
| Breakwaters AS | Repstad Anlegg AS | 3209 Sandefjord | 0.1 | 100 % | 0.8 | 0.8 |
| Agder Marine AS | Repstad Anlegg AS | 4515 Mandal | 4.0 | 100 % | (5.4) | 14.2 |
NOTE 25:GROUP COMPANIES
| Group company | Owner | Registered office | Company\u2019s share capital | Holding and votes | Profit/loss for the year (prelim.) | Equity as at 31.12.25 (prelim.) |
| End\u00far Maritime AS | End\u00far ASA | 1366 Lysaker | 12.4 | 100 % | 4.4 | 38.2 |
| Marcon Gruppen i Sverige AB | End\u00far ASA | Sweden | 0.2 | 100 % | 22.2 | 155.6 |
| BG Malta Ltd | End\u00far ASA | Malta | 0.0 | 100 % | (0.0) | (0.0) |
| BMO Entrepren\u00f8r AS | End\u00far ASA | 3619 Skollenborg | 0.6 | 100 % | 67.3 | 123.7 |
| Norsk Bergsikring AS | BMO Entrepren\u00f8r AS | 3619 Skollenborg | 4.0 | 90.1 % | 8.3 | 29.4 |
| Nero Anlegg AS | BMO Entrepren\u00f8r AS | 3619 Skollenborg | 0.0 | 100 % | 0.3 | 0.5 |
| Banekompaniet AS | BMO Entrepren\u00f8r AS | 3619 Skollenborg | 1.0 | 100 % | 0.2 | 10.0 |
| Artec Aqua VAQ AS | End\u00far ASA | 6018 \u00c5lesund | 3.3 | 100 % | 13.4 | 47.5 |
| VAQ Aps | Artec Aqua AS | Denmark | 0.0 | 100 % | (0.1) | 0.5 |
| End\u00far Sj\u00f8sterk AS | End\u00far ASA | 5252 S\u00f8reidgrend | 0.4 | 100 % | 25.1 | 27.2 |
| Hav Elektro AS | End\u00far Sj\u00f8sterk AS | 5384 Torangsv\u00e5g | 0.2 | 100 % | 1.6 | 8.7 |
| End\u00far Eiendom AS | End\u00far ASA | 5160 Laksev\u00e5g | 0.1 | 100 % | 0.7 | 12.5 |
| Repstad Anlegg AS | End\u00far ASA | 4636 Kristiansand | 1.5 | 100 % | 87.6 | 144.8 |
| Total Betong AS | End\u00far ASA | 4344 Bryne | 3.5 | 100 % | 143.1 | 208.2 |
| Igang Totalentrepren\u00f8r AS | End\u00far ASA | 4353 Klepp Stasjon | 0.1 | 100 % | 14.4 | 30.7 |
| Habto Holding AS | End\u00far ASA | 1366 Lysaker | 1.0 | 100 % | (7.0) | 97.3 |
| HAB Constructions AS | Habto Holding AS | 1366 Lysaker | 0.1 | 100 % | 39.1 | 149.2 |
| Propoint Survey AS | End\u00far ASA | 1366 Lysaker | 0.1 | 100 % | 2.9 | 5.8 |
| Nova Water Solutions AS | Total Betong AS | 1337 Sandvika | 0.1 | 75 % | (0.6) | 1.4 |
| Marcon Teknik AB | Marcon Gruppen i Sverige AB | Sweden | 0.2 | 100 % | (0.1) | 8.9 |
| Svensk Sj\u00f6entrepenad i Malm\u00f6 AB | Marcon Gruppen i Sverige AB | Sweden | 0.2 | 100 % | (3.8) | 26.9 |
| Stockholms Vattentrepenader AB | Marcon Gruppen i Sverige AB | Sweden | 0.1 | 100 % | 1.3 | 27.8 |
| Marc-Con Wind Power i Sverige AB | Marcon Gruppen i Sverige AB | Sweden | 0.1 | 100 % | (0.0) | 1.6 |
| SSE Gibraltar Ltd | Marcon Gruppen i Sverige AB | Sweden | 0.0 | 100 % | 0.1 | 1.6 |
| DYKAB i Lule\u00e5 AB | Marcon Gruppen i Sverige AB | Sweden | 0.3 | 100 % | (0.4) | 13.5 |
| DYKAB i Stockholm AB | Marcon Gruppen i Sverige AB | Sweden | 0.2 | 100 % | 0.7 | 0.8 |
| Svenska Tungdykargruppen AB | Marcon Gruppen i Sverige AB | Sweden | 0.1 | 100 % | 3.7 | 28.6 |
| Leif Hodnemyr Transport AS | Repstad Anlegg AS | 4636 Kristiansand | 2.8 | 100 % | (2.0) | 4.1 |
| Sand\u00e5s Anlegg AS | Repstad Anlegg AS | 4820 Froland | 1.0 | 100 % | 8.4 | 14.6 |
| Breakwaters AS | Repstad Anlegg AS | 3209 Sandefjord | 0.1 | 100 % | 0.8 | 0.8 |
| Agder Marine AS | Repstad Anlegg AS | 4515 Mandal | 4.0 | 100 % | (5.4) | 14.2 |
NOTE 26:MANAGEMENT REMUNERATION
There were no changes to End\u00fars executive management over the course of 2025.
Remuneration paid out and termination agreements to members of the executive management team in 2025 and 2024:
| 2025 (NOKm) | Base salary1 | Variablepay | Other benefits2 | Pensionbenefit | Total | Notice period | Severancepay |
| Chief Executive Officer | 4.9 | 6.0 | 0.1 | 0.1 | 11.2 | 3 months | 12 months |
| Chief Financial Officer | 3.7 | 4.5 | 0.2 | 0.1 | 8.6 | 3 months | 6 months |
| Total | 8.7 | 10.5 | 0.4 | 0.2 | 19.7 | | |
| 2024 (NOKm) | Base salary1 | Variablepay | Other benefits2 | Pensionbenefit | Total | Notice period | Severancepay |
| Chief Executive Officer | 4.1 | 3.4 | 0.2 | 0.1 | 7.8 | 3 months | 12 months |
| Chief Financial Officer | 3.1 | 2.7 | 0.2 | 0.1 | 6.1 | 3 months | 6 months |
| Total | 7.2 | 6.1 | 0.4 | 0.2 | 13.9 | | |
Variable remuneration for 2024 was paid in 2025. Variable remuneration for 2025 was recognised as accrued at year-end 2025 and subsequently settled in shares in 2026. The variable remuneration comprised an award of shares in End\u00far ASA to the CEO and CFO, amounting to 16,092 and 12,159 shares, respectively, at a price of NOK 106.62 per share. In addition, the Company covers the personal income tax related to the share-based remuneration. In addition, personal income tax arising from the share-based remuneration is compensated. In addition to the above listed variable pay, the CEO and CFO were in 2025 recognised with taxable benefits in connection with the exercise of options under the Group\u2019s share option programme, amounting to NOK 4.1 million and NOK 3.1 million, respectively.
In 2024, as part of the share option program and the new Long-term incentive program (see note 24), the CEO was granted 720,000 share options, Raaholt holds a total of 680,000 share options per year-end. The CFO was granted a total of 480,000 shares in 2024 relating to the above-mentioned programs and holds a total of 450,000 share options as of 31.12.25.
The Group\u2019s guidelines on salaries and other remuneration for directors and senior management, as resolved in the 2025 ordinary general meeting, are available at the Group\u2019s website; endur.no/investor-relations/remuneration-policy/
2 Other benefits include the taxable 20 % discount offered to employees when participating in the company\u2019s share purchase program described
Remuneration to the Board of Directors for the period from ordinary meeting 2024 until ordinary general meeting 2025
| Name | Position | Remunerationin NOK thousand |
| P\u00e5l Reiulf Olsen | Chairman of the Board, Audit Committee and Remuneration Committee | 835 |
| Bj\u00f8rn Finn\u00f8y | Member of the Board | 350 |
| Hedvig Bugge Reiersen | Member of the Board and Remuneration Committee | 400 |
| Kristine Landmark | Member of the Board and Audit Committee | 450 |
| B\u00f8rge Klungerbo | Member of the Board, elected March 25 | 74 |
| P\u00e5l Skj\u00e6ggestad | Member of the Board, elected May 23 \u2013 March 25 | 276 |
| Jostein Devold | Deputy member of the Board, elected Dec 23 (member May 24-Mar 25) | 350 |
| Olav Bang Haagensen | Deputy member of the Board, elected May 25 | - |
Other remuneration to the Board of Directors
End\u00far ASA\u2019s board chairman, P\u00e5l Reiulf Olsen received additional remuneration in 2025 based on management consulting services to the Group of NOK 78.8 thousand, remuneration was paid on an hourly basis. P\u00e5l Reiulf Olsen also received holiday pay in 2025 for services rendered in 2024. In 2025, P\u00e5l Reiulf Olsen were recognised with taxable benefits in connection with the exercise of options under the Group\u2019s share option programme, amounting to NOK 1.1 million.
Remuneration to the nomination committee for the period from ordinary meeting 2024 until ordinary general meeting 2025
| Name | Position | Remunerationin NOK thousand |
| Henning Nordgulen | Member | 30 |
| Arne Henning Markhus | Member | 30 |
| Espen Ommedal | Leader | 60 |
The Group companies had the following transactions with related parties during 2025, primarily comprising entities in which key management personnel or other related parties have ownership interests:
| Marcon-Gruppen I Sverige AB | | | | | |
| Customer / Vendor | Source of service | Amount Sale | Amount Purchase | Amount owed by | Amount owed to |
| Marine Supply Invest AB | Barboat Charter | - | 1.0 | - | - |
| Marine Supply Invest AB | Subcontractor | - | 0.1 | - | - |
| Total | | - | 1.1 | - | - |
| BMO Entrepren\u00f8r AS | | | | | |
| Customer / Vendor | Source of service | Amount Sale | Amount Purchase | Amount owed by | Amount owed to |
| Bever Holding AS | Sale of admin services and rent of premises | 0.0 | 0.8 | - | - |
| Bever Utstyr AS | Rent of equipment | - | 0.5 | - | - |
| BMO Elektro AS | Subcontractor | - | 1.4 | - | - |
| BMO Tunnelsikring AS | Re-invoicing | 0.1 | - | - | - |
| Bever Eiendom AS | Rent of premises | - | 0.8 | - | - |
| Provita ANS | Rent of premises | - | 2.1 | - | - |
| Skrubbemoen 3 AS | Rent of premises | - | 1.9 | - | - |
| Skrubbemoen 8 AS | Rent of premises | - | 0.3 | - | - |
| Total | | 0.1 | 7.8 | - | - |
| Sand\u00e5s Anlegg AS | | | | | |
| Customer / Vendor | Source of service | Amount Sale | Amount Purchase | Amount owed by | Amount owed to |
| Sand\u00e5s Eiendom AS | Rent of property | - | 0.6 | - | - |
| Hetland & Sand\u00e5s AS | Subcontractor | 1.3 | - | 1.1 | - |
| Tybakktoppen AS | Subcontractor | 7.0 | - | - | - |
| R\u00f8nningen Boligfelt AS | Subcontractor | 0.6 | - | 0.5 | - |
| Total | | 8.9 | 0.6 | 1.5 | - |
| Repstad Anlegg AS | | | | | |
| Customer / Vendor | Source of service | Amount Sale | Amount Purchase | Amount owed by | Amount owed to |
| Bernt Olav Walvik Holen | Services | 1.2 | 0.0 | - | - |
| Jakt & Friluft AS | Services | 2.5 | - | - | - |
| Mira Repstad AS | Consultant services and re-invoicing | 0.6 | 0.7 | 0.1 | - |
| Agder Property AS | Services | 0.5 | - | 0.7 | - |
| Total | | 4.8 | 0.7 | 0.8 | - |
| Leif Hodnemyr Transport AS | | | | | |
| Customer / Vendor | Source of service | Amount Sale | Amount Purchase | Amount owed by | Amount owed to |
| Bernt Olav Walvik Holen | Re-invoicing | 0.0 | - | - | - |
| Total | | 0.0 | - | - | - |
| Total Betong AS | | | | | |
| Customer / Vendor | Source of service | Amount Sale | Amount Purchase | Amount owed by | Amount owed to |
| Kurt Helland | Rent of property | - | 0.4 | - | - |
| Hima Seafood Rjukan AS | Subcontractor | 167.1 | - | 23.5 | - |
| Total Betong Eiendom AS | Rent of property | 0.0 | 8.5 | 0.0 | 0.0 |
| Arctic Seafarm Nesna AS | Subcontractor | 485.9 | - | - | - |
| Total | | 653.1 | 8.8 | 23.5 | 0.0 |
For transactions with executive management and board members, see note 26.
NOTE 26:MANAGEMENT REMUNERATION
There were no changes to End\u00fars executive management over the course of 2025.
Remuneration paid out and termination agreements to members of the executive management team in 2025 and 2024:
| 2025 (NOKm) | Base salary1 | Variablepay | Other benefits2 | Pensionbenefit | Total | Notice period | Severancepay |
| Chief Executive Officer | 4.9 | 6.0 | 0.1 | 0.1 | 11.2 | 3 months | 12 months |
| Chief Financial Officer | 3.7 | 4.5 | 0.2 | 0.1 | 8.6 | 3 months | 6 months |
| Total | 8.7 | 10.5 | 0.4 | 0.2 | 19.7 | | |
| 2024 (NOKm) | Base salary1 | Variablepay | Other benefits2 | Pensionbenefit | Total | Notice period | Severancepay |
| Chief Executive Officer | 4.1 | 3.4 | 0.2 | 0.1 | 7.8 | 3 months | 12 months |
| Chief Financial Officer | 3.1 | 2.7 | 0.2 | 0.1 | 6.1 | 3 months | 6 months |
| Total | 7.2 | 6.1 | 0.4 | 0.2 | 13.9 | | |
Variable remuneration for 2024 was paid in 2025. Variable remuneration for 2025 was recognised as accrued at year-end 2025 and subsequently settled in shares in 2026. The variable remuneration comprised an award of shares in End\u00far ASA to the CEO and CFO, amounting to 16,092 and 12,159 shares, respectively, at a price of NOK 106.62 per share. In addition, the Company covers the personal income tax related to the share-based remuneration. In addition, personal income tax arising from the share-based remuneration is compensated. In addition to the above listed variable pay, the CEO and CFO were in 2025 recognised with taxable benefits in connection with the exercise of options under the Group\u2019s share option programme, amounting to NOK 4.1 million and NOK 3.1 million, respectively.
In 2024, as part of the share option program and the new Long-term incentive program (see note 24), the CEO was granted 720,000 share options, Raaholt holds a total of 680,000 share options per year-end. The CFO was granted a total of 480,000 shares in 2024 relating to the above-mentioned programs and holds a total of 450,000 share options as of 31.12.25.
The Group\u2019s guidelines on salaries and other remuneration for directors and senior management, as resolved in the 2025 ordinary general meeting, are available at the Group\u2019s website; endur.no/investor-relations/remuneration-policy/
2 Other benefits include the taxable 20 % discount offered to employees when participating in the company\u2019s share purchase program describedRemuneration to the Board of Directors for the period from ordinary meeting 2024 until ordinary general meeting 2025
| Name | Position | Remunerationin NOK thousand |
| P\u00e5l Reiulf Olsen | Chairman of the Board, Audit Committee and Remuneration Committee | 835 |
| Bj\u00f8rn Finn\u00f8y | Member of the Board | 350 |
| Hedvig Bugge Reiersen | Member of the Board and Remuneration Committee | 400 |
| Kristine Landmark | Member of the Board and Audit Committee | 450 |
| B\u00f8rge Klungerbo | Member of the Board, elected March 25 | 74 |
| P\u00e5l Skj\u00e6ggestad | Member of the Board, elected May 23 \u2013 March 25 | 276 |
| Jostein Devold | Deputy member of the Board, elected Dec 23 (member May 24-Mar 25) | 350 |
| Olav Bang Haagensen | Deputy member of the Board, elected May 25 | - |
Other remuneration to the Board of Directors
End\u00far ASA\u2019s board chairman, P\u00e5l Reiulf Olsen received additional remuneration in 2025 based on management consulting services to the Group of NOK 78.8 thousand, remuneration was paid on an hourly basis. P\u00e5l Reiulf Olsen also received holiday pay in 2025 for services rendered in 2024. In 2025, P\u00e5l Reiulf Olsen were recognised with taxable benefits in connection with the exercise of options under the Group\u2019s share option programme, amounting to NOK 1.1 million.
Remuneration to the nomination committee for the period from ordinary meeting 2024 until ordinary general meeting 2025
| Name | Position | Remunerationin NOK thousand |
| Henning Nordgulen | Member | 30 |
| Arne Henning Markhus | Member | 30 |
| Espen Ommedal | Leader | 60 |
| (NOKm - all amounts excluding VAT) | 2025 | 2024 |
| Audit services | 6.2 | 2.5 |
| Other attestation services | 0.1 | - |
| Tax advisory services | 0.2 | (0.0) |
| Other non-audit services | 0.2 | (0.0) |
| Total | 6.7 | 3.1 |
NOTE 29:CONTINGENT LIABILITIES / LEGAL CLAIMS
LEGAL CLAIMS
No group companies are involved in any material legal claims as of 31.12.2025.
NOTE 29:CONTINGENT LIABILITIES / LEGAL CLAIMS
LEGAL CLAIMS
No group companies are involved in any material legal claims as of 31.12.2025.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page129-cflshid_60251-tag450976": {
"value": "NOTE 30:SUBSEQUENT EVENTS
BUSINESS COMBINATIONS IN THE BEGINNING OF 2026TRONFJELL MASKIN AS
In December 2025, End\u00far ASA, through its subsidiary BMO Entrepren\u00f8r AS, entered into an agreement to acquire 100% of the shares in Tronfjell Maskin AS (\u201cTronfjell\u201d), for a purchase price of approx. NOK 94.5 million, of which 30% of the purchase price was settled by transferring 297,042 consideration shares from the Company\u2019s holding of treasury shares, 13 % in sellers\u2019 credit of NOK 12.5 million and 57 % in cash considerations and other adjustments of NOK 53.4 million.
Tronfjell is a Norwegian specialized construction and infrastructure contractor based in Alvdal, Norway The Company\u2019s project portfolio includes road and railway construction and rehabilitation, groundworks, environmental remediation and other complementary services, primarily for public end-customers.
The business of Tronfjell is highly complementary to BMO\u2019s existing operations, strengthens regional presence and adds critical resources in form of a skilled workforce of and a tailored fleet of machinery and equipment, complementing BMO\u2019s existing service offering within rehabilitation of roads, bridges, railway installations and other concrete and steel constructions.
The transaction was completed in January 2026 and will be accounted for as a business combination in the 2026 financial statements.
GANN TRE AS
In December 2025, End\u00far ASA, through its subsidiary Total Betong ASS, entered into an agreement to acquire 100% of the shares in Gann Tre AS (\u201cGann Tre\u201d), for a purchase price of approx. NOK 82.1 million, of which 21 % of the purchase price was settled by transferring 178,252 consideration shares from the Company\u2019s holding of treasury shares, 14 % in sellers\u2019 credit of NOK 11.3 million, 15 % in seller\u2019s liabilities towards the acquired companies of NOK 12.3 million and 51 % in cash considerations and other adjustments of NOK 41.5 million.
Gann Tre is a building contractor based in N\u00e6rb\u00f8, Norway, focusing on new buildings and
rehabilitation of industrial and residential real estate. The company delivers turnkey construction projects, as well as carpentry and timber structure services, to both public and private clients.The acquisition is expected to strengthen Total Betong\u2019s in-house construction capacity and formalise an already established collaboration between the companies. Gann Tre has delivered carpentry and subcontracting services to several of Totalbetong\u2019s projects and a formalization of this already existing relationship will strengthen both companies, without changing their current market positions.
The transaction was completed in January 2026 and will be recognised as a business combination in the 2026 financial statements.
KRAGER\u00d8 SJ\u00d8TJENESTER AS
In December 2025, End\u00far ASA, through its subsidiary Repstad Anlegg AS, entered into an agreement to acquire 100% of the shares in Krager\u00f8 Sj\u00f8tjenester AS (\u201cKrager\u00f8 SJ\u00f8tjenester\u201d), for a purchase price of approx. NOK 56.6 million, of which 14 % of the purchase price was settled by transferring 83,211 consideration shares from the Company\u2019s holding of treasury shares, 18 % in sellers\u2019 credit of NOK 10.0 million and 68 % in cash considerations and other adjustments of NOK 38.6 million.
Krager\u00f8 Sj\u00f8tjenester is a maritime contractor based in Krager\u00f8, Norway. The company\u2019s service offering includes maritime construction services such as dredging, filling, surveying and piling, in addition to shipping and transportation, salvage operations, and rental of barges and tugboats. The company serves both public and private clients through a combination of recurring orders, framework agreements and stand-alone contracts.
The acquisition is expected to increase Repstad\u2019s existing fleet and capacities within maritime construction services and further strengthen its position within this segment.
The transaction was completed in January 2026 and will be accounted for as a business combination in the 2026 financial statements.
Considerations transferredThe following table summarizes the acquisition date fair value of each major class of consideration transferred..
| (NOKm) | Tronfjell | Gann Tre | Krager\u00f8 Sj\u00f8tjenester |
| Cash considerations | 53.4 | 41.5 | 38.3 |
| Debt transfer | - | 12.3 | 0.4 |
| Shares in End\u00far ASA | 28.5 | 17.1 | 8.0 |
| Sellers\u2019 credit | 12.5 | 11.3 | 10.0 |
| Total considerations transferred | 94.5 | 82.2 | 56.6 |
Equity instruments issued
The fair value of the consideration shares transferred in the acquisition of VAQ was based on the volume-weighted average share price for the last 25 days prior to the transaction of End\u00far ASA at NOK 62.7 per share.
The value of the shares issued in the Totalbetong acquisition was based on agreed-upon share price of End\u00far ASA at NOK 75.0.
Identifiable assets acquired and liabilities assumedThe fair value of identifiable assets and liabilities is based on a preliminary purchase allocation. The following table summarizes the amounts of assets acquired and liabilities assumed at the date of acquisition.
| (NOKm) | Tronfjell | Gann Tre | Krager\u00f8 Sj\u00f8tjenester |
| Assets | | | |
| Deferred tax assets | 0.1 | - | - |
| Intangible assets and goodwill | 0.9 | 11.6 | - |
| Property, plant and equipment | 12.2 | 2.3 | 62.1 |
| Right-of-use assets | 42.9 | 4.4 | 4.1 |
| Other non-current assets | 3.0 | 0.1 | - |
| Inventories | 0.6 | - | - |
| Contract assets | 1.7 | - | - |
| Trade and other receivables | 8.5 | 36.6 | 12.8 |
| Cash and cash equivalents | 38.7 | 32.2 | 14.0 |
| Liabilities | \u00a0 | \u00a0 | \u00a0 |
| Deferred tax liabilities | - | 6.1 | 4.4 |
| Loans and borrowings | - | - | - |
| Lease liabilities | 42.9 | 4.4 | 4.1 |
| Other non-current liabilities | - | - | - |
| Trade and other payables | 23.6 | 29.4 | 35.9 |
| Tax payables | 1.2 | 2.4 | 2.4 |
| Contract liabilities | - | 13.9 | 2.6 |
| Total identifiable net assets acquired | 40.9 | 30.9 | 43.6 |
The deferred tax liability mainly comprises the difference between the accounting value and the tax conditioned value of the depreciation of tangible and intangible assets, and deferred tax related to percentage-of-completion contracts. The gross amount of the receivables acquired are immaterially different from the fair value presented above.
GoodwillBased on the preliminary Purchase Price Allocation, the Goodwill arising from the acquisitions amounts to the following:
| (NOKm) | Tronfjell | Gann Tre | Krager\u00f8 Sj\u00f8tjenester |
| Total considerations transferred | 94.5 | 82.2 | 56.6 |
| - Fair value of identifiable net assets acquired | 40.9 | 30.9 | 43.6 |
| Goodwill | 53.6 | 51.2 | 13.0 |
The goodwill arising from the acquisitions reflects the value of the acquired companies\u2019 assembled workforce, technical know-how and operational expertise. In addition, the goodwill reflects the expected synergies from integration with the Group\u2019s existing operations, including increased capacity, expanded service capabilities and strengthened market positions within the Infrastructure segment. The goodwill is not tax depreciable or otherwise recognised for tax purposes.
ACQUISITION OF ASSETS FROM BANKRUPTCY ESTATE
In March 2026, End\u00far ASA, through its subsidiary HAB Construction AS, acquired parts of the bankruptcy estate of Topaas & Haug AS. The acquisition comprised selected operating assets, including plant and equipment, lease agreements and contracts related to ongoing customer projects.
The acquired contracts were continued following the transaction and represented an order backlog at the time of acquisition. In connection with the transaction, certain employees from Topaas & Haug joined the Group, and the business will be operated
through a newly established subsidiary of HAB.The acquisition strengthens the Group\u2019s presence within civil engineering and infrastructure services.
ACQUISITION OF ENGELSEN TOTAL AS
In April 2026, Total Betong AS, a wholly owned subsidiary of End\u00far ASA, has entered into an agreement to acquire 100% of the shares in Engelsen Total AS, a turnkey contractor based in Haugesund, Norway. The company focuses on newbuild and rehabilitation projects within residential and commercial real estate and has an established regional presence in Western Norway with approximately 20 employees.
The acquisition is expected to strengthen the Group\u2019s project management capabilities and market position, as well as contribute positively to revenues, results and order backlog. The transaction implies an enterprise value of approximately NOK 80 million on a cash- and debt-free basis, excluding lease liabilities, and includes an earn-out mechanism with potential price adjustments. The acquisition will be partly financed through a seller\u2019s credit and consideration shares in End\u00far ASA.
Completion of the transaction is expected by the end of May 2026 and is subject to customary closing conditions.
AMENDMENT OF CREDIT FACILITY
In January 2026, End\u00far ASA increased its existing credit facility from NOK 250 million to NOK 550 million. The amended facility strengthens the Group\u2019s financial flexibility and supports continued growth and investment activities.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"v1-page131-cflshid_61474-tag450977": {
"value": "The Board of End\u00far ASA confirms, according to \u00a7 2-2 (8) of the Accounting Act, that the annual accounts have been prepared based on the assumption of going concern.
",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
"language": "en",
"entity": "scheme:5967007LIEEXZXIIHC31",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
}
}
}