{
"documentInfo": {
"documentType": "https://xbrl.org/2021/xbrl-json",
"features": {
"xbrl:canonicalValues": true
},
"namespaces": {
"MOR": "http://moreld.com/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": [
"http://moreld.com/2025-12-31/6488UNV33KXZ9498L870-2025-12-31.xsd"
]
},
"facts": {
"f1__s1__3__5": {
"value": "9828694000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RevenueFromContractsWithCustomers",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__5": {
"value": "7124588000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RevenueFromContractsWithCustomers",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__6": {
"value": "9635000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__6": {
"value": "11791000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__7": {
"value": "9838329000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RevenueAndOperatingIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__7": {
"value": "7136379000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RevenueAndOperatingIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__8": {
"value": "4724654000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CostOfSales",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__8": {
"value": "3085902000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CostOfSales",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__9": {
"value": "2426858000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EmployeeBenefitsExpense",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__9": {
"value": "2111317000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EmployeeBenefitsExpense",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__10": {
"value": "461728000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherExpenseByNature",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__10": {
"value": "415898000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherExpenseByNature",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__11": {
"value": "2225089000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:ProfitLossFromOperatingActivitiesBeforeInterestTaxesDepreciationAndAmortisationExpense",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__11": {
"value": "1523262000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:ProfitLossFromOperatingActivitiesBeforeInterestTaxesDepreciationAndAmortisationExpense",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__12": {
"value": "1403418000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__12": {
"value": "1068694000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DepreciationAmortisationAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__13": {
"value": "-11160000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__13": {
"value": "-7920000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ShareOfProfitLossOfAssociatesAccountedForUsingEquityMethod",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__14": {
"value": "810512000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__14": {
"value": "446648000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromOperatingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__15": {
"value": "46616000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RevenueFromInterest",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__15": {
"value": "44263000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RevenueFromInterest",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__16": {
"value": "334947000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InterestExpense",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__16": {
"value": "410372000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InterestExpense",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__17": {
"value": "336321000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherFinanceCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__17": {
"value": "398445000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherFinanceCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__18": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__18": {
"value": "-439680000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnFinancialAssetsAtFairValueThroughProfitOrLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__19": {
"value": "191421000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__19": {
"value": "-188011000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__20": {
"value": "-433231000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceIncomeCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__20": {
"value": "-1392244000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:FinanceIncomeCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__21": {
"value": "377280000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__21": {
"value": "-945596000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__22": {
"value": "92626000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__22": {
"value": "-70607000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncomeTaxExpenseContinuingOperations",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__23": {
"value": "284654000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromContinuingOperations",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__23": {
"value": "-874989000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromContinuingOperations",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__24": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLossFromDiscontinuedOperations",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__24": {
"value": "172000000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossFromDiscontinuedOperations",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__25": {
"value": "284654000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__25": {
"value": "-702989000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__26": {
"value": "284654000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__26": {
"value": "-711288000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToOwnersOfParent",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__27": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__27": {
"value": "8299000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossAttributableToNoncontrollingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__28": {
"value": "284654000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__4__28": {
"value": "-702989000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s1__3__29": {
"value": "1.59",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f1__s1__3__29_1": {
"value": "1.59",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f1__s1__4__29": {
"value": "-4.05",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShare",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f1__s1__4__29_1": {
"value": "-4.05",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShare",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f1__s1__3__30": {
"value": "1.59",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShareFromContinuingOperations",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f1__s1__3__30_1": {
"value": "1.59",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShareFromContinuingOperations",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f1__s1__4__30": {
"value": "-5.02",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:BasicEarningsLossPerShareFromContinuingOperations",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f1__s1__4__30_1": {
"value": "-5.02",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:DilutedEarningsLossPerShareFromContinuingOperations",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f1__s2__3__5": {
"value": "284654000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__4__5": {
"value": "-702989000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__3__6": {
"value": "28100000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__4__6": {
"value": "-23296000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxExchangeDifferencesOnTranslation",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__3__7": {
"value": "-1884000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__4__7": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__3__8": {
"value": "26216000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__4__8": {
"value": "-23296000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__3__9": {
"value": "310870000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__4__9": {
"value": "-726285000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__3__10": {
"value": "310870000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__4__10": {
"value": "-734584000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToOwnersOfParent",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__3__11": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__4__11": {
"value": "8299000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncomeAttributableToNoncontrollingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__3__12": {
"value": "310870000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s2__4__12": {
"value": "-726285000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__5": {
"value": "162768000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__5": {
"value": "195714000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PropertyPlantAndEquipment",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__6": {
"value": "885132000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Goodwill",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__6": {
"value": "885132000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Goodwill",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__7": {
"value": "379328000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__7": {
"value": "483406000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IntangibleAssetsOtherThanGoodwill",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__8": {
"value": "1476653000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RightofuseAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__8": {
"value": "2073710000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RightofuseAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__9": {
"value": "1214000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__9": {
"value": "2894000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__10": {
"value": "232998000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DeferredTaxAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__10": {
"value": "225000000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DeferredTaxAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__11": {
"value": "3138093000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__11": {
"value": "3865855000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__14": {
"value": "49842000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Inventories",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__14": {
"value": "39863000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Inventories",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__15": {
"value": "929137000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentReceivables",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__15": {
"value": "1110561000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentReceivables",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__16": {
"value": "407117000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentContractAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__16": {
"value": "498691000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentContractAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__17": {
"value": "177611000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__17": {
"value": "172795000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__18": {
"value": "1090859000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__18": {
"value": "1500144000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__19": {
"value": "2654567000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__19": {
"value": "3322053000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentAssets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__22": {
"value": "5792660000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__22": {
"value": "7187909000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Assets",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__25": {
"value": "683981000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:PaidInCapital",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__25": {
"value": "902301000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:PaidInCapital",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__26": {
"value": "107122000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RetainedEarnings",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__26": {
"value": "-203747000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RetainedEarnings",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__27": {
"value": "791104000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EquityAttributableToOwnersOfParent",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__27": {
"value": "698554000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EquityAttributableToOwnersOfParent",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__28": {
"value": "-622000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__28": {
"value": "-622000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncontrollingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__29": {
"value": "790482000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__29": {
"value": "697932000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__32": {
"value": "1280745000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__32": {
"value": "1527708000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:LongtermBorrowings",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__33": {
"value": "9125000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentFinancialLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__33": {
"value": "10041000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherNoncurrentFinancialLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__34": {
"value": "795824000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentLeaseLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__34": {
"value": "1230913000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentLeaseLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__35": {
"value": "11214000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__35": {
"value": "7537000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentRecognisedLiabilitiesDefinedBenefitPlan",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__36": {
"value": "209298000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__36": {
"value": "253169000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DeferredTaxLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__37": {
"value": "2306207000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__37": {
"value": "3029369000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:NoncurrentLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__40": {
"value": "745602000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentLeaseLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__40": {
"value": "796873000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentLeaseLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__41": {
"value": "610696000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayables",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__41": {
"value": "754988000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:TradeAndOtherCurrentPayables",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__42": {
"value": "607248000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentContractLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__42": {
"value": "805354000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentContractLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__43": {
"value": "70475000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__43": {
"value": "51103000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentTaxLiabilitiesCurrent",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__44": {
"value": "661950000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__44": {
"value": "1052290000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherCurrentLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__45": {
"value": "2695971000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__45": {
"value": "3460608000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CurrentLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__48": {
"value": "5002178000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Liabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__48": {
"value": "6489976000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Liabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__3__51": {
"value": "5792660000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s3__4__51": {
"value": "7187909000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EquityAndLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__5": {
"value": "377280000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__5": {
"value": "-945596000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLossBeforeTax",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__6": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__6": {
"value": "-439680000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__7": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:AdjustmentsForSharebasedPayments",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__7": {
"value": "69019000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForSharebasedPayments",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__8": {
"value": "200289000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsForWhichCashEffectsAreInvestingOrFinancingCashFlow",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__8": {
"value": "161839000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsForWhichCashEffectsAreInvestingOrFinancingCashFlow",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__9": {
"value": "150079000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsForNoncashItems",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__9": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherAdjustmentsForNoncashItems",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__10": {
"value": "1403418000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__10": {
"value": "1068694000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDepreciationAndAmortisationExpenseAndImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__11": {
"value": "-147305000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUnrealisedForeignExchangeLossesGains",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__11": {
"value": "233237000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForUnrealisedForeignExchangeLossesGains",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__12": {
"value": "46605000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForInterestIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__12": {
"value": "44263000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForInterestIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__13": {
"value": "100675000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForInterestExpense",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__13": {
"value": "221643000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForInterestExpense",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__14": {
"value": "-9980000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__14": {
"value": "-2846000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInInventories",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__15": {
"value": "256336000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__15": {
"value": "2424000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForDecreaseIncreaseInTradeAndOtherReceivables",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__16": {
"value": "-342397000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__16": {
"value": "-32102000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInTradeAndOtherPayables",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__17": {
"value": "-378495000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__17": {
"value": "368426000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:AdjustmentsForIncreaseDecreaseInOtherCurrentLiabilities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__18": {
"value": "1563295000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperations",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__18": {
"value": "1540155000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperations",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__19": {
"value": "46605000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__19": {
"value": "44263000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InterestReceivedClassifiedAsOperatingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__20": {
"value": "100675000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__20": {
"value": "221643000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:InterestPaidClassifiedAsOperatingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__21": {
"value": "95824000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__21": {
"value": "12033000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncomeTaxesPaidClassifiedAsOperatingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__22": {
"value": "1413402000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__22": {
"value": "1350742000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInOperatingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__25": {
"value": "19369000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__25": {
"value": "28767000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__26": {
"value": "61145000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__26": {
"value": "34743000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__27": {
"value": "11160000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__27": {
"value": "494298000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__28": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__28": {
"value": "258430000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromLosingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__29": {
"value": "-91674000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__29": {
"value": "-299377000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInInvestingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__32": {
"value": "1457586000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__32": {
"value": "2287559000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProceedsFromBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__33": {
"value": "1828921000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__33": {
"value": "2136246000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:RepaymentsOfBorrowingsClassifiedAsFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__34": {
"value": "1080072000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__34": {
"value": "802534000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__35": {
"value": "51992000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProceedsFromIssuingShares",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__35": {
"value": "874175000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProceedsFromIssuingShares",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__36": {
"value": "8886000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PaymentsForShareIssueCosts",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__36": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:PaymentsForShareIssueCosts",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__37": {
"value": "224018000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__37": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__38": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__38": {
"value": "8774000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__39": {
"value": "37408000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__39": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:PaymentsToAcquireOrRedeemEntitysShares",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__40": {
"value": "2689000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IncreaseDecreaseInOtherNonCurrentLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__40": {
"value": "7425000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IncreaseDecreaseInOtherNonCurrentLiabilitiesClassifiedAsFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__41": {
"value": "-1667038000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__41": {
"value": "221605000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashFlowsFromUsedInFinancingActivities",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__44": {
"value": "-345310000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__44": {
"value": "1272970000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__45": {
"value": "1500144000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__45": {
"value": "185710000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__46": {
"value": "-63975000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__46": {
"value": "41464000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:EffectOfExchangeRateChangesOnCashAndCashEquivalents",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__3__47": {
"value": "1090859000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s4__4__47": {
"value": "1500144000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:CashAndCashEquivalents",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__5": {
"value": "618000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__5": {
"value": "-21158000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__5": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__5": {
"value": "-20540000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__5": {
"value": "23820000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__5": {
"value": "3280000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__6": {
"value": "0.0",
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughOtherContributionsByOwnersNonControllingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__6": {
"value": "0.0",
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughOtherContributionsByOwnersNonControllingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__6": {
"value": "0.0",
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughOtherContributionsByOwnersNonControllingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__6": {
"value": "0.0",
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughOtherContributionsByOwnersNonControllingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__6": {
"value": "23445000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughOtherContributionsByOwnersNonControllingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__6": {
"value": "23445000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughOtherContributionsByOwnersNonControllingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__7": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__7": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__7": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__7": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__7": {
"value": "7403000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__7": {
"value": "7403000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ReductionOfIssuedCapital",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__8": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__8": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__8": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__8": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__8": {
"value": "3824000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__8": {
"value": "3824000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsRecognisedAsDistributionsToNoncontrollingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__9": {
"value": "46437000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughCapitalReorganisation",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__9": {
"value": "22048000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughCapitalReorganisation",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__9": {
"value": "0.0",
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughCapitalReorganisation",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__9": {
"value": "68485000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughCapitalReorganisation",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__9": {
"value": "-21120000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughCapitalReorganisation",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__9": {
"value": "47365000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughCapitalReorganisation",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__10": {
"value": "900473000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IssueOfEquityInitialPublicOffering",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__10": {
"value": "0.0",
"dimensions": {
"concept": "MOR:IssueOfEquityInitialPublicOffering",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__10": {
"value": "0.0",
"dimensions": {
"concept": "MOR:IssueOfEquityInitialPublicOffering",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__10": {
"value": "900473000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IssueOfEquityInitialPublicOffering",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__10": {
"value": "0.0",
"dimensions": {
"concept": "MOR:IssueOfEquityInitialPublicOffering",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__10": {
"value": "900473000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IssueOfEquityInitialPublicOffering",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__11": {
"value": "45227000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ShareIssueRelatedCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__11": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ShareIssueRelatedCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__11": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ShareIssueRelatedCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__11": {
"value": "45227000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ShareIssueRelatedCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__11": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ShareIssueRelatedCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__11": {
"value": "45227000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ShareIssueRelatedCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__12": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__12": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__12": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__12": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__12": {
"value": "-23838000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__12": {
"value": "-23838000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__13": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__13": {
"value": "529946000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__13": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__13": {
"value": "529946000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__13": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__13": {
"value": "529946000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IncreaseDecreaseThroughExerciseOfWarrantsEquity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__14": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__14": {
"value": "-711288000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__14": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__14": {
"value": "-711288000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__14": {
"value": "8299000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__14": {
"value": "-702989000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__15": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__15": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__15": {
"value": "-23296000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__15": {
"value": "-23296000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__15": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__15": {
"value": "-23296000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__16": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__16": {
"value": "-711288000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__16": {
"value": "-23296000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__16": {
"value": "-734584000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__16": {
"value": "8299000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__16": {
"value": "-726285000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__17": {
"value": "902301000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__17": {
"value": "-180452000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__17": {
"value": "-23296000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__17": {
"value": "698554000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__17": {
"value": "-622000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__17": {
"value": "697932000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__24": {
"value": "51992000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughOtherContributionsByOwnersNonControllingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__24": {
"value": "0.0",
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughOtherContributionsByOwnersNonControllingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__24": {
"value": "0.0",
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughOtherContributionsByOwnersNonControllingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__24": {
"value": "51992000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughOtherContributionsByOwnersNonControllingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__24": {
"value": "0.0",
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughOtherContributionsByOwnersNonControllingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__24": {
"value": "51992000.0",
"decimals": -3,
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughOtherContributionsByOwnersNonControllingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__25": {
"value": "224017000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__25": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__25": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__25": {
"value": "224017000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__25": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__25": {
"value": "224017000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:DividendsPaid",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__26": {
"value": "8886000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ShareIssueRelatedCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__26": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ShareIssueRelatedCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__26": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ShareIssueRelatedCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__26": {
"value": "8886000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ShareIssueRelatedCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__26": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ShareIssueRelatedCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__26": {
"value": "8886000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ShareIssueRelatedCost",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__27": {
"value": "60375000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__27": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__27": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__27": {
"value": "60375000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__27": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__27": {
"value": "60375000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:PurchaseOfTreasuryShares",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__28": {
"value": "22967000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__28": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__28": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__28": {
"value": "22967000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__28": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__28": {
"value": "22967000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:IssueOfEquity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__29": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__29": {
"value": "284654000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__29": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__29": {
"value": "284654000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__29": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__29": {
"value": "284654000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ProfitLoss",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__30": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__30": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__30": {
"value": "26216000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__30": {
"value": "26216000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__30": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__30": {
"value": "26216000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:OtherComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__31": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__31": {
"value": "284654000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__31": {
"value": "26216000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__31": {
"value": "310870000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__31": {
"value": "0.0",
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__31": {
"value": "310870000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:ComprehensiveIncome",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__5__32": {
"value": "683981000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "MOR:PaidInCapitalMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__6__32": {
"value": "104203000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:RetainedEarningsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__7__32": {
"value": "2920000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:ReserveOfExchangeDifferencesOnTranslationMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__8__32": {
"value": "791104000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:EquityAttributableToOwnersOfParentMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__9__32": {
"value": "-622000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"ifrs-full:ComponentsOfEquityAxis": "ifrs-full:NoncontrollingInterestsMember",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__32": {
"value": "790482000.0",
"decimals": -3,
"dimensions": {
"concept": "ifrs-full:Equity",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s5__10__34": {
"value": "13.95",
"decimals": 2,
"dimensions": {
"concept": "ifrs-full:ParValuePerShare",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2026-01-01T00:00:00",
"unit": "iso4217:NOK/xbrli:shares"
}
},
"f1__s8__6__11": {
"value": "General information Corporate information The consolidated financial statement for 2025 covers Moreld ASA, its subsidiaries and shares in associated companies that are included according to the equity method. Moreld ASA is the ultimate parent company \ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue66e\ue94d\ue91b\ue977\ue945\ueeab\ueedc\ueeea\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeeb\ueedd\ueeb6\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue8cf\ue95b\ueeab\ue844\ue90c\ueeabindustrial multi-disciplinary engineering group offering full-scope services across the offshore energy and marine industries, including sub-sea installations. The group comprises Moreld \ue601\ue945\ue945\ue8f5\ue9a9\ueeb7\ueeab\ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d\ueeab\ue844\ue90c\ue87e\ueeab\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueeb6\ueeabMoreld is a major player on the Norwegian continental shelf with an international foot-print. The group is present in 17 countries, giv-ing access to all major offshore markets, and has 2 700 employees and contractors.Moreld ASA is a Norwegian public company incorporated in Norway with business address Moseidsletta 122, 4033 Stavanger. A full list of the companies in the group can be found in note 10 in the financial statement of the ulti-mate parent company Moreld ASA which is included in this report.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__5": {
"value": "Moreld ASA",
"dimensions": {
"concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__10": {
"value": "Moreld ASA is the ultimate parent company \ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue66e\ue94d\ue91b\ue977\ue945\ueeab\ueedc\ueeea\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeeb\ueedd\ueeb6\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue8cf\ue95b\ueeab\ue844\ue90c\ueeabindustrial multi-disciplinary engineering group offering full-scope services across the offshore energy and marine industries, including sub-sea installations.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfNatureOfEntitysOperationsAndPrincipalActivities",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__9": {
"value": "Norwegian public company",
"dimensions": {
"concept": "ifrs-full:PrincipalPlaceOfBusiness",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__7": {
"value": "Norwegian public company",
"dimensions": {
"concept": "ifrs-full:CountryOfIncorporation",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__6": {
"value": "Norwegian public company",
"dimensions": {
"concept": "ifrs-full:DomicileOfEntity",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__8": {
"value": "Moseidsletta 122, 4033 Stavanger",
"dimensions": {
"concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__15": {
"value": "General accounting policies and principlesBasis for preparation The consolidated financial statement is pre-\ue945\ue844\ue94d\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue844\ue872\ue872\ue91b\ue94d\ue87e\ue844\ue90c\ue872\ue88d\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue686\ue66b\ue6fe\ue70a\uef15\ueeab\ue844\ue95b\ueeab\ue844\ue87e\ue91b\ue945\ue969\ue88d\ue87e\ueeabby the EU. The consolidated financial state-\ue906\ue88d\ue90c\ue969\ueeab\ue8c2\ue844\ue95b\ueeab\ue869\ue88d\ue88d\ue90c\ueeab\ue844\ue977\ue87e\ue8cf\ue969\ue88d\ue87e\ueeab\ue869\ue9a9\ueeab\ue638\ue88d\ue8f5\ue91b\ue8cf\ue969\ue969\ue88d\ueeab\ue601\ue70a\ueeab\ue844\ue90c\ue87e\ueeabwas approved by the board of directors in Moreld ASA on 22 April 2026. Basis for measurementThe preparation of the group\u2019s consolidated financial statements requires Management to make judgements, estimates and assump-tions that affect the reported amounts of rev-enues, expenses, assets, liabilities and the accompanying disclosures, and the disclo-sure of contingent liabilities. Use of available information and application of judgement are inherent in the formation of estimates. Uncertainty about these assumptions and esti-mates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. Actual results in the future could differ from such estimates and the differences may be material to the consolidated financial statements. These estimates are reviewed on a regular basis and if a change is needed, it is accounted for in the year the change becomes known.The group bases its assumptions and esti-mates on parameters available when the con-solidated financial statements are prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circum-stances arising that are beyond the control of the group. Such changes are reflected in the assumptions when they occur. Basis and principles for consolidation The consolidated financial statements com-prise the financial statements of the parent company Moreld ASA and its subsidiaries. Sub-sidiaries are all entities over which the group has control. Upon the acquisition of new enti-ties management assesses whether the acqui-sition constitutes a business combination in \ue844\ue872\ue872\ue91b\ue94d\ue87e\ue844\ue90c\ue872\ue88d\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee36\ueeb7\ueeab\ue91b\ue94d\ueeab\ue99d\ue8c2\ue88d\ue969\ue8c2\ue88d\ue94d\ueeab\ue8cf\ue969\ueeab\ue8cf\ue95b\ueeab\ue844\ue90c\ueeabasset acquisition.An entity has been assessed as being con-trolled by the group when the group is exposed to or have the rights to variable returns from its involvement with the entity and can use its power over the entity to affect the amount of the group\u2019s returns. There is a presumption that if the group has the major-ity of the voting rights in an entity, the entity is considered as a subsidiary. Consolidation of a subsidiary begins when the group obtains control over the subsidiary and ceases when the group loses control of the subsidiary. Profit or loss and each compo-\ue90c\ue88d\ue90c\ue969\ueeab\ue91b\ue8b1\ueeab\ue91b\ue969\ue8c2\ue88d\ue94d\ueeab\ue872\ue91b\ue906\ue945\ue94d\ue88d\ue8c2\ue88d\ue90c\ue95b\ue8cf\ue998\ue88d\ueeab\ue8cf\ue90c\ue872\ue91b\ue906\ue88d\ueeab\ueedc\ue6cc\ue62d\ue686\ueedd\ueeab\ue844\ue94d\ue88d\ueeabattributed to the equity holders of the parent of the group and to the non-controlling inter-ests, even if this results in the non-controlling interests having a deficit balance. Non-controlling interests are presented sep-\ue844\ue94d\ue844\ue969\ue88d\ue8f5\ue9a9\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ueeab\ue88d\ue94b\ue977\ue8cf\ue969\ue9a9\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueef3\ue95b\ueeab\ue869\ue844\ue8f5\ue844\ue90c\ue872\ue88d\ueeabsheet. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. The consideration is recognised at fair value and the difference between the consideration and the carrying amount of the non-controlling interests is recognised at the equity attributa-ble to the parent.Foreign currency translation The functional currency of the companies in the group is determined based on the nature of the primary economic environment in which the company operates. The functional currency of the parent company Moreld ASA and the presentation currency of the group is Norwegian Kroner (NOK).Principles of cash flow statementThe cash flow statement has been prepared using the indirect method. Cash flows from acquisition of shares includes cash and cash equivalents in the business that are acquired at the transaction date. Hence, this is pre-sented net together with the cash considera-tion paid. Cash and cash equivalents comprise bank deposits and other short-term, highly liq-uid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. To qualify as cash equivalents, investments must have an original maturity of three months or less from the date of acquisition.Standards not yet effectiveAt the date of authorisation of these finan-cial statements, the group has not applied \ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee3b\ueeab\ue6f6\ue94d\ue88d\ue95b\ue88d\ue90c\ue969\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue844\ue90c\ue87e\ueeab\ue87e\ue8cf\ue95b\ue872\ue8f5\ue91b\ue95b\ue977\ue94d\ue88d\ueeab\ue8cf\ue90c\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c-cial statements that has been issued but is not \ue9a9\ue88d\ue969\ueeab\ue88d\ue8b1\ue8b1\ue88d\ue872\ue969\ue8cf\ue998\ue88d\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee3b\ueeab\ue8cf\ue90c\ue969\ue94d\ue91b\ue87e\ue977\ue872\ue88d\ue95b\ueeab\ue90c\ue88d\ue99d\ueeab\ue94d\ue88d\ue94b\ue977\ue8cf\ue94d\ue88d-ments for income statements, information on management-defined performance measures and new guidance on aggregation and disag-gregation in financial statements and notes. For Moreld, the changes will primarily lead to some restructuring of the consolidated state-ment of income.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__13-1": {
"value": "General accounting policies and principlesBasis for preparation The consolidated financial statement is pre-\ue945\ue844\ue94d\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue844\ue872\ue872\ue91b\ue94d\ue87e\ue844\ue90c\ue872\ue88d\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue686\ue66b\ue6fe\ue70a\uef15\ueeab\ue844\ue95b\ueeab\ue844\ue87e\ue91b\ue945\ue969\ue88d\ue87e\ueeabby the EU. The consolidated financial state-\ue906\ue88d\ue90c\ue969\ueeab\ue8c2\ue844\ue95b\ueeab\ue869\ue88d\ue88d\ue90c\ueeab\ue844\ue977\ue87e\ue8cf\ue969\ue88d\ue87e\ueeab\ue869\ue9a9\ueeab\ue638\ue88d\ue8f5\ue91b\ue8cf\ue969\ue969\ue88d\ueeab\ue601\ue70a\ueeab\ue844\ue90c\ue87e\ueeabwas approved by the board of directors in Moreld ASA on 22 April 2026. Basis for measurementThe preparation of the group\u2019s consolidated financial statements requires Management to make judgements, estimates and assump-tions that affect the reported amounts of rev-enues, expenses, assets, liabilities and the accompanying disclosures, and the disclo-sure of contingent liabilities. Use of available information and application of judgement are inherent in the formation of estimates. Uncertainty about these assumptions and esti-mates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. Actual results in the future could differ from such estimates and the differences may be material to the consolidated financial statements. These estimates are reviewed on a regular basis and if a change is needed, it is accounted for in the year the change becomes known.The group bases its assumptions and esti-mates on parameters available when the con-solidated financial statements are prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circum-stances arising that are beyond the control of the group. Such changes are reflected in the assumptions when they occur. Basis and principles for consolidation The consolidated financial statements com-prise the financial statements of the parent company Moreld ASA and its subsidiaries. Sub-sidiaries are all entities over which the group has control. Upon the acquisition of new enti-ties management assesses whether the acqui-sition constitutes a business combination in \ue844\ue872\ue872\ue91b\ue94d\ue87e\ue844\ue90c\ue872\ue88d\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee36\ueeb7\ueeab\ue91b\ue94d\ueeab\ue99d\ue8c2\ue88d\ue969\ue8c2\ue88d\ue94d\ueeab\ue8cf\ue969\ueeab\ue8cf\ue95b\ueeab\ue844\ue90c\ueeabasset acquisition.An entity has been assessed as being con-trolled by the group when the group is exposed to or have the rights to variable returns from its involvement with the entity and can use its power over the entity to affect the amount of the group\u2019s returns. There is a presumption that if the group has the major-ity of the voting rights in an entity, the entity is considered as a subsidiary. Consolidation of a subsidiary begins when the group obtains control over the subsidiary and ceases when the group loses control of the subsidiary. Profit or loss and each compo-\ue90c\ue88d\ue90c\ue969\ueeab\ue91b\ue8b1\ueeab\ue91b\ue969\ue8c2\ue88d\ue94d\ueeab\ue872\ue91b\ue906\ue945\ue94d\ue88d\ue8c2\ue88d\ue90c\ue95b\ue8cf\ue998\ue88d\ueeab\ue8cf\ue90c\ue872\ue91b\ue906\ue88d\ueeab\ueedc\ue6cc\ue62d\ue686\ueedd\ueeab\ue844\ue94d\ue88d\ueeabattributed to the equity holders of the parent of the group and to the non-controlling inter-ests, even if this results in the non-controlling interests having a deficit balance. Non-controlling interests are presented sep-\ue844\ue94d\ue844\ue969\ue88d\ue8f5\ue9a9\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ueeab\ue88d\ue94b\ue977\ue8cf\ue969\ue9a9\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueef3\ue95b\ueeab\ue869\ue844\ue8f5\ue844\ue90c\ue872\ue88d\ueeabsheet. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. The consideration is recognised at fair value and the difference between the consideration and the carrying amount of the non-controlling interests is recognised at the equity attributa-ble to the parent.Foreign currency translation The functional currency of the companies in the group is determined based on the nature of the primary economic environment in which the company operates. The functional currency of the parent company Moreld ASA and the presentation currency of the group is Norwegian Kroner (NOK).Principles of cash flow statementThe cash flow statement has been prepared using the indirect method. Cash flows from acquisition of shares includes cash and cash equivalents in the business that are acquired at the transaction date. Hence, this is pre-sented net together with the cash considera-tion paid. Cash and cash equivalents comprise bank deposits and other short-term, highly liq-uid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. To qualify as cash equivalents, investments must have an original maturity of three months or less from the date of acquisition.Standards not yet effectiveAt the date of authorisation of these finan-cial statements, the group has not applied \ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee3b\ueeab\ue6f6\ue94d\ue88d\ue95b\ue88d\ue90c\ue969\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue844\ue90c\ue87e\ueeab\ue87e\ue8cf\ue95b\ue872\ue8f5\ue91b\ue95b\ue977\ue94d\ue88d\ueeab\ue8cf\ue90c\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c-cial statements that has been issued but is not \ue9a9\ue88d\ue969\ueeab\ue88d\ue8b1\ue8b1\ue88d\ue872\ue969\ue8cf\ue998\ue88d\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee3b\ueeab\ue8cf\ue90c\ue969\ue94d\ue91b\ue87e\ue977\ue872\ue88d\ue95b\ueeab\ue90c\ue88d\ue99d\ueeab\ue94d\ue88d\ue94b\ue977\ue8cf\ue94d\ue88d-ments for income statements, information on management-defined performance measures and new guidance on aggregation and disag-gregation in financial statements and notes. For Moreld, the changes will primarily lead to some restructuring of the consolidated state-ment of income.Revenue from contracts with customersAccounting principlesThe group accounts for revenue in accordance \ue99d\ue8cf\ue969\ue8c2\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee38\ueeab\ue844\ue90c\ue87e\ueeab\ue844\ue945\ue945\ue8f5\ue8cf\ue88d\ue95b\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b1\ue8cf\ue998\ue88d\ueed2\ue95b\ue969\ue88d\ue945\ueeab\ue906\ue88d\ue969\ue8c2\ue91b\ue87e\ueeabto all revenue streams.Revenue from contracts with customers is rec-ognised when control of the goods or services is transferred to the customer at an amount that reflects the consideration to which the group expects to be entitled in exchange for those goods or services. The group has gen-erally concluded that it is the principal in its revenue arrangements, because it typically controls the goods or services before transfer-ring them to the customer.The group operates on both fixed price- and cost-plus construction contracts. The con-tracts are for construction of assets with no alternative use, and the group has enforcea-ble rights to payment for performance com-pleted to date. Contract revenue is normally in accordance with the customer agreement. \ue745\ue844\ue94d\ue8cf\ue844\ue869\ue8f5\ue88d\ueeab\ue872\ue91b\ue90c\ue95b\ue8cf\ue87e\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue8cf\ue844\ue8f5\ueeab\ue945\ue88d\ue90c\ue844\ue8f5-ties for delays can impact on the transaction price. Revenues from construction contracts are recognised over time, measuring progress using an input method. Revenue is recognised based on the group\u2019s efforts of inputs to the satisfaction of a performance obligation (for example, resources consumed, labour hours expended, cost incurred or time elapsed) rel-ative to the total expected inputs to the satis-\ue8b1\ue844\ue872\ue969\ue8cf\ue91b\ue90c\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue844\ue969\ueeab\ue945\ue88d\ue94d\ue8b1\ue91b\ue94d\ue906\ue844\ue90c\ue872\ue88d\ueeab\ue91b\ue869\ue8f5\ue8cf\ue8b3\ue844\ue969\ue8cf\ue91b\ue90c\ueeb6\ueeab\ue686\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeabgroup\u2019s efforts or inputs are expended evenly throughout the performance period, it may be appropriate for the entity to recognise rev-\ue88d\ue90c\ue977\ue88d\ueeab\ue91b\ue90c\ueeab\ue844\ueeab\ue95b\ue969\ue94d\ue844\ue8cf\ue8b3\ue8c2\ue969\ueed2\ue8f5\ue8cf\ue90c\ue88d\ueed2\ue869\ue844\ue95b\ue8cf\ue95b\ueeb6\ueeab\ue686\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue872\ue844\ue90c\ueeabreasonably measure its progress towards com-plete satisfaction of the performance obli-gation, the group recognises revenue for a performance obligation satisfied over time. The directors consider that this input method is an appropriate measure of the progress towards complete satisfaction of these perfor-\ue906\ue844\ue90c\ue872\ue88d\ueeab\ue91b\ue869\ue8f5\ue8cf\ue8b3\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee38\ueeb6A contract asset is the right to consideration in exchange for goods or services transferred to \ue969\ue8c2\ue88d\ueeab\ue872\ue977\ue95b\ue969\ue91b\ue906\ue88d\ue94d\ueeb6\ueeab\ue686\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue945\ue88d\ue94d\ue8b1\ue91b\ue94d\ue906\ue95b\ueeab\ue869\ue9a9\ueeab\ue969\ue94d\ue844\ue90c\ue95b-ferring 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 condi-tional. A contract liability is the obligation to trans-fer goods or services to a customer for which the group has received consideration (or an amount of consideration is due) from the cus-\ue969\ue91b\ue906\ue88d\ue94d\ueeb6\ueeab\ue686\ue8b1\ueeab\ue844\ueeab\ue872\ue977\ue95b\ue969\ue91b\ue906\ue88d\ue94d\ueeab\ue945\ue844\ue9a9\ue95b\ueeab\ue872\ue91b\ue90c\ue95b\ue8cf\ue87e\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue869\ue88d\ue8b1\ue91b\ue94d\ue88d\ueeabthe group transfers goods or services to the customer, a contract liability is recognised when the payment is made. Contract liabili-ties are recognised as revenue when the group fulfils the performance obligation(s) under the contract.Operating segmentsAccounting principles Operating segments are identified based on the group\u2019s internal management and report-ing structure. The group\u2019s chief operating deci-\ue95b\ue8cf\ue91b\ue90c\ueeab\ue906\ue844\ue8ec\ue88d\ue94d\ueeab\ueedc\ue62d\ue6cc\ue638\ue6b7\ueedd\ueeb7\ueeab\ue99d\ue8c2\ue91b\ueeab\ue8cf\ue95b\ueeab\ue94d\ue88d\ue95b\ue945\ue91b\ue90c\ue95b\ue8cf\ue869\ue8f5\ue88d\ueeab\ue8b1\ue91b\ue94d\ueeab\ue969\ue8c2\ue88d\ueeaballocation of resources and assessment of per-formance in the different operating segments, is defined as the group CEO. The main performance indicator for segment \ue94d\ue88d\ue945\ue91b\ue94d\ue969\ue8cf\ue90c\ue8b3\ueeab\ue8cf\ue95b\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue88d\ue9a6\ue872\ue8f5\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee39\ueeb6\ueeab\ue70a\ue88d\ue88d\ueeab\ue601\ue8f5\ue969\ue88d\ue94d\ue90c\ue844-tive Performance Measures for the definition \ue91b\ue8b1\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue88d\ue9a6\ue872\ue8f5\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee39\ueeb6\ueeab\ue625\ue88d\ue872\ue844\ue977\ue95b\ue88d\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue906\ue844\ue90c-ages long-term debt and taxes on a group basis, Profit before tax and Profit of the year is presented only for the group. Recognition and measurement applied to segment reporting are consistent with the accounting principles applied when preparing the consolidated financial statements. Trans-fer prices between operating segments are on an arm\u2019s-length basis in a manner similar to \ue969\ue94d\ue844\ue90c\ue95b\ue844\ue872\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue969\ue8c2\ue8cf\ue94d\ue87e\ueeab\ue945\ue844\ue94d\ue969\ue8cf\ue88d\ue95b\ueeb6\ueeab\ue686\ue90c\ue969\ue88d\ue94d\ueed2\ue95b\ue88d\ue8b3\ue906\ue88d\ue90c\ue969\ueeabrevenues are eliminated upon consolidation and reflected in the adjustments and elimina-tions column.Moreld Apply Moreld Apply focuses primarily on offshore and onshore maintenance and modification projects, delivering services from concept development through to project completion. The company has a strong presence on the Norwegian Continental Shelf (NCS), where its largest activity lies in maintenance and modifi-cation of existing assets, ensuring operational efficiency and safety across a variety of off-shore installations.Ocean Installer\ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d\ueeab\ue95b\ue945\ue88d\ue872\ue8cf\ue844\ue8f5\ue8cf\ue95b\ue88d\ue95b\ueeab\ue8cf\ue90c\ueeab\ue95b\ue977\ue869\ue95b\ue88d\ue844\ueeab\ue872\ue91b\ue90c-struction and installation services, with key operations on the NCS, Western Europe, Med-iterranean, and West Africa. The company plays a pivotal role in supporting operators as they develop existing fields and tie in new resources, contributing to the ongoing growth of the subsea sector.Global Maritime\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueeab\ue945\ue94d\ue91b\ue998\ue8cf\ue87e\ue88d\ue95b\ueeab\ue844\ueeab\ue99d\ue8cf\ue87e\ue88d\ueeab\ue844\ue94d\ue94d\ue844\ue9a9\ueeab\ue91b\ue8b1\ueeab\ue88d\ue90c\ue8b3\ue8cf-neering solutions within the marine and off-shore sectors, particularly in renewables and oil & gas. The company is particularly active in marine operations, marine warranty services, and geosciences, offering expertise to ensure the safe, efficient, and sustainable develop-ment of projects across the North Sea and Mediterranean regions.\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue601\ue945\ue945\ue8f5\ue9a9\ueeab\ue844\ue90c\ue87e\ueeab\ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d\ueeab\ue87e\ue88d\ue8f5\ue8cf\ue998\ue88d\ue94d\ue88d\ue87e\ueeab\ue969\ue91b\ueeaba single major customer which represented 50 per cent of total revenues in 2025 (2024: 52 per cent).Share-based payments Accounting principlesEmployee Share ProgramMoreld ASA has established an Employee Share Program (ESP) designed to align employees\u2019 interests with those of sharehold-ers and to support long-term value creation, retention, and attraction of key personnel. The program was implemented in August 2025 and is offered to all employees across the group. Under the ESP, employees may purchase shares in Moreld ASA at the average mar-ket price during a defined acquisition period. Participation limits are determined as a per-centage of the employee\u2019s annual base salary. Participants are entitled to receive match-ing shares at no cost, subject to continued employment and retention of the purchased shares. Matching shares vest in two tranches, with 50 per cent vesting after two years and the remaining 50 per cent after three years from the grant date. The ESP is classified as an equity-settled share-based payment arrangement in accord-\ue844\ue90c\ue872\ue88d\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee35\ueeab\ue70a\ue8c2\ue844\ue94d\ue88d\ueed2\ue869\ue844\ue95b\ue88d\ue87e\ueeab\ue6f6\ue844\ue9a9\ue906\ue88d\ue90c\ue969\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeabfair value of the matching shares is measured at the grant date and recognised as a person-nel expense over the vesting period. The total recognised cost related to the program in 2025 was NOK 2.4 million.Management Incentive Program (MIP)\ue686\ue90c\ueeab\uee35\uee33\uee35\uee37\ueeb7\ueeab\ue945\ue94d\ue8cf\ue91b\ue94d\ueeab\ue969\ue91b\ueeab\ue969\ue8c2\ue88d\ueeab\ue686\ue90c\ue8cf\ue969\ue8cf\ue844\ue8f5\ueeab\ue6f6\ue977\ue869\ue8f5\ue8cf\ue872\ueeab\ue6cc\ue8b1\ue8b1\ue88d\ue94d\ue8cf\ue90c\ue8b3\ueeb7\ueeabMoreld initiated a management incentive pro-\ue8b3\ue94d\ue844\ue906\ueeab\ueedc\ue6b7\ue686\ue6f6\ueedd\ueeab\ue8b1\ue91b\ue94d\ueeab\ue906\ue88d\ue906\ue869\ue88d\ue94d\ue95b\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue906\ue844\ue90c\ue844\ue8b3\ue88d\ue906\ue88d\ue90c\ue969\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeab\ue6b7\ue686\ue6f6\ueeab\ue99d\ue844\ue95b\ueeab\ue869\ue844\ue95b\ue88d\ue87e\ueeab\ue91b\ue90c\ueeab\ue945\ue844\ue94d\ue969\ue8cf\ue872\ue8cf\ue945\ue844\ue90c\ue969\ue95b\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue945\ue94d\ue91b-gram acquiring shares in Moreld at fair mar-ket value. These shares are subject to lock-up schedules. The purchase price for the shares acquired \ue869\ue9a9\ueeab\ue969\ue8c2\ue88d\ueeab\ue6b7\ue686\ue6f6\ueeab\ue945\ue844\ue94d\ue969\ue8cf\ue872\ue8cf\ue945\ue844\ue90c\ue969\ue95b\ueeb7\ueeab\ue99d\ue844\ue95b\ueeab\ue945\ue844\ue94d\ue969\ue8f5\ue9a9\ueeab\ue95b\ue88d\ue969\ue969\ue8f5\ue88d\ue87e\ueeabby cash payment from the participants and partly by a loan to the participants, equal-\ue8f5\ue8cf\ue90c\ue8b3\ueeab\uee3c\uee33\ueeab\ue945\ue88d\ue94d\ueeab\ue872\ue88d\ue90c\ue969\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue945\ue844\ue94d\ue969\ue8cf\ue872\ue8cf\ue945\ue844\ue90c\ue969\ue95b\ueef3\ueeab\ue945\ue977\ue94d\ue872\ue8c2\ue844\ue95b\ue88d\ueeabprice for the shares. The loan accrues interest \ue844\ue969\ueeab\ue906\ue844\ue94d\ue8ec\ue88d\ue969\ueed2\ue94d\ue844\ue969\ue88d\ue95b\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeab\ue6b7\ue686\ue6f6\ueeab\ue8cf\ue90c\ue872\ue8f5\ue977\ue87e\ue88d\ue95b\ueeab\ue872\ue977\ue95b\ue969\ue91b\ue906\ue844\ue94d\ue9a9\ueeabprovisions such as a call option for the bene-fit of the company if the relevant participant is no longer employed in Moreld, lock-up pro-visions, non-compete, and non-solicitation \ue945\ue94d\ue91b\ue998\ue8cf\ue95b\ue8cf\ue91b\ue90c\ue95b\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeab\ue8f5\ue91b\ue844\ue90c\ueeab\ue8b3\ue8cf\ue998\ue88d\ue90c\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ueeab\ue969\ue8c2\ue88d\ueeab\ue6b7\ue686\ue6f6\ueeab\ue8c2\ue844\ue95b\ueeab\ue869\ue88d\ue88d\ue90c\ueeab\ue872\ue91b\ue90c\ue95b\ue8cf\ue87e\ue88d\ue94d\ue88d\ue87e\ueeab\ue844\ue90c\ueeab\ue844\ue94d\ue94d\ue844\ue90c\ue8b3\ue88d\ue906\ue88d\ue90c\ue969\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab2 and the cost associated with the program has been accounted for as a salary expense. At the end of 2025, NOK 6.1 million was outstand-ing under the loan agreement, which will be repaid in full in 2026. For 2025, NOK 1.9 million \ue8c2\ue844\ue95b\ueeab\ue869\ue88d\ue88d\ue90c\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d\ue87e\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee35\ueeab\ue94d\ue88d\ue8f5\ue844\ue969\ue88d\ue87e\ueeab\ue969\ue91b\ueeab\ue969\ue8c2\ue88d\ueeabprogram.Goodwill Accounting principles\ue66e\ue91b\ue91b\ue87e\ue99d\ue8cf\ue8f5\ue8f5\ueeab\ue8cf\ue95b\ueeab\ue8cf\ue90c\ue8cf\ue969\ue8cf\ue844\ue8f5\ue8f5\ue9a9\ueeab\ue906\ue88d\ue844\ue95b\ue977\ue94d\ue88d\ue87e\ueeab\ue844\ue969\ueeab\ue872\ue91b\ue95b\ue969\ueeb7\ueeab\ue869\ue88d\ue8cf\ue90c\ue8b3\ueeabthe excess of the aggregate of the considera-tion transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed. After initial recognition, goodwill is measured at cost less any accumulated impairment losses.For impairment testing, goodwill acquired in a business combination is, from the acqui-sition date, allocated to each of the group\u2019s cash-generating units that are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units. \ue66e\ue91b\ue91b\ue87e\ue99d\ue8cf\ue8f5\ue8f5\ueeab\ue8cf\ue95b\ueeab\ue969\ue88d\ue95b\ue969\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab\ue88d\ue844\ue872\ue8c2\ueeab\ue9a9\ue88d\ue844\ue94d\ueeab\ue8b1\ue91b\ue94d\ueeabimpairment or whenever there is an indication that the goodwill may be impaired. An impair-ment loss is recognised when the recovera-ble amount is below the carrying amount. The recoverable amount is the higher of fair value less cost of disposal and value in use. The value in use calculation is based on discounted cash \ue8b1\ue8f5\ue91b\ue99d\ueeab\ue906\ue91b\ue87e\ue88d\ue8f5\ueeab\ueedc\ue638\ue62d\ue66b\ueedd\ueeb6\ueeab\ue601\ue90c\ue9a9\ueeab\ue8cf\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8cf\ue95b\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3-nised in the income statement.Intangible assets Accounting principles\ue686\ue90c\ue969\ue844\ue90c\ue8b3\ue8cf\ue869\ue8f5\ue88d\ueeab\ue844\ue95b\ue95b\ue88d\ue969\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3\ue90c\ue8cf\ue95b\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue844\ue872\ue872\ue91b\ue94d\ue87e-\ue844\ue90c\ue872\ue88d\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue91b\ue95b\ue969\ueeab\ue906\ue88d\ue969\ue8c2\ue91b\ue87e\ueeab\ue91b\ue8b1\ueeab\ue686\ue601\ue70a\ueeab\uee36\uee3b\ueeb6\ueeab\ue686\ue90c\ue969\ue844\ue90c\ue8b3\ue8cf-ble assets that have been acquired separately are carried at cost. The costs of intangible assets acquired through an acquisition are rec-ognised at their fair value as identified through the purchase price allocations. Capitalised intangible assets are recognised at cost less \ue844\ue90c\ue9a9\ueeab\ue844\ue906\ue91b\ue94d\ue969\ue8cf\ue95b\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue844\ue90c\ue87e\ueeab\ue8cf\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8f5\ue91b\ue95b\ue95b\ue88d\ue95b\ueeb6\ueeab\ue686\ue90c\ue969\ue88d\ue94d-nally generated intangible assets, excluding capitalised development costs, are not capital-\ue8cf\ue95b\ue88d\ue87e\ueeab\ue869\ue977\ue969\ueeab\ue844\ue94d\ue88d\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d\ue87e\ueeab\ue844\ue95b\ueeab\ue8cf\ue90c\ue872\ue977\ue94d\ue94d\ue88d\ue87e\ueeb6\ueeab\ue686\ue90c\ue969\ue844\ue90c\ue8b3\ue8cf\ue869\ue8f5\ue88d\ueeabassets with a definite economic life are amor-tised over their economic life and tested for \ue8cf\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8cf\ue8b1\ueeab\ue969\ue8c2\ue88d\ue94d\ue88d\ueeab\ue844\ue94d\ue88d\ueeab\ue844\ue90c\ue9a9\ueeab\ue8cf\ue90c\ue87e\ue8cf\ue872\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeb6\ueeab\ue686\ue90c\ue969\ue844\ue90c-gible assets with an indefinite economic life are tested for impairment at least once a year, either individually or as a part of a cash-gen-erating unit. Amounts paid for patents and licenses are capitalised and amortised on a straight-line basis over the expected useful life. Expenses linked to the purchase of new soft-ware are capitalised as an intangible asset pro-vided these expenses do not form part of the hardware acquisition costs. Software is capi-talised if the arrangement fulfils the criteria in \ue686\ue601\ue70a\ueeab\uee36\uee3b\ueeab\ue969\ue91b\ueeab\ue869\ue88d\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3\ue90c\ue8cf\ue95b\ue88d\ue87e\ueeab\ue844\ue95b\ueeab\ue844\ue90c\ueeab\ue8cf\ue90c\ue969\ue844\ue90c\ue8b3\ue8cf\ue869\ue8f5\ue88d\ueeab\ue844\ue95b\ue95b\ue88d\ue969\ueeb6\ueeabFor software that is hosted outside the enti-ty\u2019s own infrastructure (software-as-a-service), \ue872\ue844\ue945\ue8cf\ue969\ue844\ue8f5\ue8cf\ue95b\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue8cf\ue95b\ueeab\ue91b\ue90c\ue8f5\ue9a9\ueeab\ue87e\ue91b\ue90c\ue88d\ueeab\ue8cf\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue94d\ue8cf\ue969\ue88d\ue94d\ue8cf\ue844\ueeab\ue8cf\ue90c\ueeab\ue686\ue601\ue70a\ueeab38 are fulfilled, and the group obtains control of the software. Software is depreciated on a straight-line basis over the estimated eco-nomic life. Costs incurred because of maintain-ing or upholding the future utility of software is expensed unless the changes in the soft-ware increase the future economic benefits from the software.Expenditure on research activities is recog-nised as an expense in the period in which it is incurred. An internally generated intangible asset arising from development (or from the development phase of an internal project) is recognised if, and only if, all the following con-ditions have been demonstrated:\ue62f\ue62fThe technical feasibility of completing the intangible asset will make it available for use or sale\ue62f\ue62fThe intention is to complete the intangible asset and use or sell it\ue62f\ue62fThe ability to use or sell the intangible asset\ue62f\ue62fThe intangible asset will generate probable future economic benefits\ue62f\ue62fAdequate technical, financial and other resources to complete the development and to use or sell the intangible asset is available \ue62f\ue62fThe expenditure attributable to the intan-gible asset during its development can be measured reliable The amount initially recognised for internally generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition cri-teria listed above. Where no internally gen-erated intangible asset can be recognised, development expenditure is recognised in profit or loss in the period in which it is incurred. After initial recognition, internally generated intangi-ble assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately.Research and Patents and licenses with Order backlog identified in Amounts in NOK thousanddevelopmentdefinite useful livesBusiness Combinations TotalAcquisition cost at 31 December 2023 39 813 51 459 242 645 333 916Additions from business combinations in the year - 4 963 266 718 271 681Additions in the year 30 668 2 512 - 33 180\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d (2 696) - - (2 696)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d\ueeab\ue87e\ue977\ue88d\ueeab\ue969\ue91b\ueeab\ue87e\ue8cf\ue95b\ue872\ue91b\ue90c\ue969\ue8cf\ue90c\ue977\ue88d\ue87e\ueeab\ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c (39 902) (6 877) - (46 779)Net foreign currency exchange differences - 129 - 129Acquisition cost at 31 December 2024 27 884 52 185 509 363 589 432Additions in the year 5 788 55 010 - 60 798\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d - (988) (988)Net foreign currency exchange differences - 14 - 14Acquisition cost at 31 December 2025 33 671 106 221 509 363 649 255Accumulated amortisation at 31 December 2023 - - - -\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d\ueeab\ue87e\ue977\ue88d\ueeab\ue969\ue91b\ueeab\ue87e\ue8cf\ue95b\ue872\ue91b\ue90c\ue969\ue8cf\ue90c\ue977\ue88d\ue87e\ueeab\ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c 6 714 6 421 - 13 135Amortisation expense (16 096) (3 444) (102 422) (121 961)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d 2 696 - - 2 696\ue686\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8f5\ue91b\ue95b\ue95b - - - -Net foreign currency exchange differences 882 (777) - 104Accumulated amortisation at 31 December 2024 (5 805) 2 200 (102 422) (106 026)Amortisation expense (3 011) (18 831) (140 982) (162 824)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d - 791 - 791\ue686\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8f5\ue91b\ue95b\ue95b - (1 752) - (1 752)Net foreign currency exchange differences - (115) - (115)Accumulated amortisation at 31 December 2025 (8 816) (17 708) (243 403) (269 927)Net carrying amount at 31 December 2023 39 813 51 459 242 645 333 916Net carrying amount at 31 December 2024 22 079 54 385 406 941 483 405Net carrying amount at 31 December 2025 24 855 88 514 265 960 379 328Estimated useful life 2-5 years 3-10 years 2-5 years\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue906\ue88d\ue969\ue8c2\ue91b\ue87e Linear Linear LinearProperty, plant and equipmentAccounting principlesProperty, plant and equipment are valued at cost less any accumulated depreciation and any accumulated impairment losses. Subse-\ue94b\ue977\ue88d\ue90c\ue969\ueeab\ue872\ue91b\ue95b\ue969\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue8cf\ue90c\ue872\ue8f5\ue977\ue87e\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue844\ue95b\ue95b\ue88d\ue969\ueef3\ue95b\ueeab\ue872\ue844\ue94d\ue94d\ue9a9-ing amount when it is probable that future economic benefits associated with the item will flow to the group and the cost of the item \ue872\ue844\ue90c\ueeab\ue869\ue88d\ueeab\ue906\ue88d\ue844\ue95b\ue977\ue94d\ue88d\ue87e\ueeab\ue94d\ue88d\ue8f5\ue8cf\ue844\ue869\ue8f5\ue9a9\ueeb6\ueeab\ue66e\ue88d\ue90c\ue88d\ue94d\ue844\ue8f5\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue87e\ue8cf-ture on repairs and maintenance is recognised \ue844\ue95b\ueeab\ue844\ue90c\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d\ueeab\ue99d\ue8c2\ue88d\ue90c\ueeab\ue8cf\ue90c\ue872\ue977\ue94d\ue94d\ue88d\ue87e\ueeb6\ueeab\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeabis calculated on a straight-line basis over the estimated useful lives of the assets. Property, plant and equipment are derecognised on dis-posal and when no future economic benefits \ue844\ue94d\ue88d\ueeab\ue88d\ue9a6\ue945\ue88d\ue872\ue969\ue88d\ue87e\ueeab\ue8b1\ue94d\ue91b\ue906\ueeab\ue969\ue8c2\ue88d\ue8cf\ue94d\ueeab\ue977\ue95b\ue88d\ueeab\ue91b\ue94d\ueeab\ue87e\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeb6\ueeab\ue66e\ue844\ue8cf\ue90c\ue95b\ueeabor losses arising from derecognition represent the difference between the net disposal pro-ceeds, if any, and the carrying amount, and are included in the statement of profit and loss in the year of derecognition. The residual values, useful lives, and methods of depreciation of property, plant and equipment are reviewed at each financial year end and adjusted prospec-tively, if appropriate. Property, plant and equip-ment are tested for impairment whenever there is objective evidence or indication that these assets may be impaired.Amounts in NOK thousand Building and plants Machinery Equipment TotalAcquisition cost at 31 December 2023 1 240 6 159 40 202 47 601Additions from business combinations in the year - 160 680 8 122 168 802Additions purchased property, plant and equipment 39 10 267 5 363 15 669\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b (526) - - (526)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d\ueeab\ue87e\ue977\ue88d\ueeab\ue969\ue91b\ueeab\ue87e\ue8cf\ue95b\ue872\ue91b\ue90c\ue969\ue8cf\ue90c\ue977\ue88d\ue87e\ueeab\ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c (93) (3 490) (6 880) (10 463)Net foreign currency exchange differences - 191 174 365Acquisition cost at 31 December 2024 659 173 808 46 981 221 448Additions purchased property, plant and equipment - 4 775 18 005 22 780\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b (3) (1 718) (474) (2 195)Net foreign currency exchange differences 26 130 349 505Acquisition cost at 31 December 2025 682 176 994 64 862 242 538Accumulated depreciation at 31 December 2023 - - - -\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d\ueeab\ue87e\ue977\ue88d\ueeab\ue969\ue91b\ueeab\ue87e\ue8cf\ue95b\ue872\ue91b\ue90c\ue969\ue8cf\ue90c\ue977\ue88d\ue87e\ueeab\ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c 41 - - 41\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d (290) (21 910) (3 592) (25 791)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b - - 33 33\ue686\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8f5\ue91b\ue95b\ue95b - - - -Net foreign currency exchange differences (20) - - (20)Accumulated depreciation at 31 December 2024 (268) (21 910) (3 558) (25 736)\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d (493) (31 290) (23 742) (55 526)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b - 1 644 356 2 000\ue686\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8f5\ue91b\ue95b\ue95b - - (16) (16)Net foreign currency exchange differences 126 599 (1 217) (492)Accumulated depreciation at 31 December 2025 (636) (50 957) (28 178) (79 771)Net carrying amount at 31 December 2023 1 240 6 159 40 202 47 601Net carrying amount at 31 December 2024 391 151 898 43 423 195 712Net carrying amount at 31 December 2025 46 126 038 36 684 162 768Estimated useful life 3-25 years 3-10 years 3-20 years\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue906\ue88d\ue969\ue8c2\ue91b\ue87e Linear Linear LinearLeasing Accounting principlesThe group leases several assets such as off-shore construction vessels, offices and other \ue8b1\ue844\ue872\ue8cf\ue8f5\ue8cf\ue969\ue8cf\ue88d\ue95b\ueeb6\ueeab\ue745\ue88d\ue95b\ue95b\ue88d\ue8f5\ueeab\ue872\ue8c2\ue844\ue94d\ue969\ue88d\ue94d\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue969\ue9a9\ue945\ue8cf\ue872\ue844\ue8f5\ue8f5\ue9a9\ueeab\ue844\ue8b3\ue94d\ue88d\ue88d\ue87e\ueeabusing a day rate applicable for a specified win-\ue87e\ue91b\ue99d\ueeab\ue91b\ue8b1\ueeab\ue969\ue8cf\ue906\ue88d\ueeb6\ueeab\ue601\ueeab\ue906\ue844\ue969\ue88d\ue94d\ue8cf\ue844\ue8f5\ueeab\ue945\ue91b\ue94d\ue969\ue8cf\ue91b\ue90c\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueef3\ue95b\ueeabvessel charters are on terms that do not con-tain any commitments for the group when the vessel is not in use (\"pay as you go\"). For such charters, each vessel call-off is accounted for as a separate lease. Rental contracts for equip-ment and premises are agreed to fixed periods of 2 \u2013 10 years but may have extension options. Lease terms are negotiated on an individual basis and contain a wide range of terms and conditions.The group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. The group recog-nises lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. The group recognises right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impair-ment losses, and adjusted for any remeasure-ment of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the com-mencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. At the commencement date of the lease, the group recognises lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in sub-stance fixed payments) less any lease incen-tives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guar-\ue844\ue90c\ue969\ue88d\ue88d\ue95b\ueeb6\ueeab\ue686\ue90c\ueeab\ue872\ue844\ue8f5\ue872\ue977\ue8f5\ue844\ue969\ue8cf\ue90c\ue8b3\ueeab\ue969\ue8c2\ue88d\ueeab\ue945\ue94d\ue88d\ue95b\ue88d\ue90c\ue969\ueeab\ue998\ue844\ue8f5\ue977\ue88d\ueeab\ue91b\ue8b1\ueeablease payments, the group uses its incremen-tal borrowing rate at the lease commence-ment date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease lia-bilities is increased to reflect the accretion of interest and reduced for the lease payments \ue906\ue844\ue87e\ue88d\ueeb6\ueeab\ue686\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue844\ue94d\ue94d\ue9a9\ue8cf\ue90c\ue8b3\ueeab\ue844\ue906\ue91b\ue977\ue90c\ue969\ueeab\ue91b\ue8b1\ueeablease liabilities is remeasured if there is a mod-ification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease pay-ments) or a change in the assessment of an option to purchase the underlying asset. \ue686\ue90c\ueeab\ue844\ueeab\ue869\ue977\ue95b\ue8cf\ue90c\ue88d\ue95b\ue95b\ueeab\ue872\ue91b\ue906\ue869\ue8cf\ue90c\ue844\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue906\ue88d\ue844\ue95b-ures the lease liability at the present value of the remaining lease payments as if the acquired lease were a new lease at the acquisi-tion date. The group measures the right-of-use asset at the same amount as the lease liability, adjusted to reflect favourable or unfavourable terms of the lease when compared with mar-ket terms. Short-term vessel charters (with a lease term of less than 12 months) are capitalised as right-of-use assets and depreciated. Except for ves-sels, no other short-term leases are capitalised as right-of-use assets and depreciated, as the group applies the short-term lease recognition exemption to its short-term leases of property, motor vehicle and machinery and equipment. The group also applies the recognition exemp-tion for leases of low-value assets. Lease pay-ments under the exemptions are recognised as expense on a straight-line basis over the lease term. Extension and termination options are included in several vessel and property leases across the group. These terms are used to maximise operational flexibility in terms of managing contracts. Extension and termina-tion options are accounted for if the group is reasonably certain that the option will be exer-cised.Interest-bearing liabilitiesAccounting principlesFinancial liabilities are classified, at initial rec-ognition, as financial liabilities at fair value \ue969\ue8c2\ue94d\ue91b\ue977\ue8b3\ue8c2\ueeab\ue945\ue94d\ue91b\ue8b1\ue8cf\ue969\ueeab\ue91b\ue94d\ueeab\ue8f5\ue91b\ue95b\ue95b\ueeab\ueedc\ue66b\ue745\ue717\ue6f6\ue6a7\ueedd\ueeb7\ueeab\ue8f5\ue91b\ue844\ue90c\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue869\ue91b\ue94d-rowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are rec-ognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The measurement of financial liabilities depends on their classification. Financial liabil-ities at fair value through profit or loss include financial liabilities held for trading and finan-cial liabilities designated upon initial recog-nition as at fair value through profit or loss.Financial instrumentsAccounting principles Moreld has financial instruments measured at amortised cost and financial liabilities defined as other financial liabilities. The majority of the financial instruments measured at amortised cost are trade receivables, cash deposits and interest-bearing loans and borrowings. The other financial liabilities are trade payables and lease liabilities.Income tax expense Accounting principles\ue638\ue88d\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeab\ue8cf\ue90c\ue872\ue91b\ue906\ue88d\ueeab\ue969\ue844\ue9a6\ueeab\ue8cf\ue95b\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3\ue90c\ue8cf\ue95b\ue88d\ue87e\ueeb7\ueeab\ue977\ue95b\ue8cf\ue90c\ue8b3\ueeab\ue969\ue8c2\ue88d\ueeabliability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the \ue872\ue91b\ue90c\ue95b\ue91b\ue8f5\ue8cf\ue87e\ue844\ue969\ue88d\ue87e\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue8cf\ue844\ue8f5\ueeab\ue95b\ue969\ue844\ue969\ue88d\ue906\ue88d\ue90c\ue969\ue95b\ueeb6\ueeab\ue638\ue88d\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeabincome tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the tem-porary differences can be utilised. The group recognise previously unrecognised deferred tax assets to the extent it has become prob-able that the group can utilise the deferred tax asset.Inventories Accounting principles\ue686\ue90c\ue998\ue88d\ue90c\ue969\ue91b\ue94d\ue8cf\ue88d\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue95b\ue969\ue844\ue969\ue88d\ue87e\ueeab\ue844\ue969\ueeab\ue969\ue8c2\ue88d\ueeab\ue8f5\ue91b\ue99d\ue88d\ue94d\ueeab\ue91b\ue8b1\ueeab\ue872\ue91b\ue95b\ue969\ueeab\ue91b\ue8b1\ueeabacquisition or production and recoverable amount and comprise raw materials, work in progress, and finished goods. The costs of fin-ished goods and work in progress include the cost of raw materials used and direct produc-tion costs. The recoverable amount is deter-mined on an individual basis.Amounts in NOK thousand 31.12.2025 31.12.2024Finished products 49 842 39 863 Total at 31 December 49 842 39 863 \ue745\ue844\ue8f5\ue977\ue88d\ueeab\ue872\ue8c2\ue844\ue90c\ue8b3\ue88d\ue95b\ueeab\ue8cf\ue90c\ueeab\ue8cf\ue90c\ue998\ue88d\ue90c\ue969\ue91b\ue94d\ue9a9\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3\ue90c\ue8cf\ue95b\ue88d\ue87e\ueeab\ue969\ue8c2\ue94d\ue91b\ue977\ue8b3\ue8c2\ueeab\ue945\ue94d\ue91b\ue8b1\ue8cf\ue969\ueeab\ue844\ue90c\ue87e\ueeab\ue8f5\ue91b\ue95b\ue95b - -Investments in associates Accounting principles Under the equity method, the investment in an associate is initially recognised at cost. The carrying amount of the investment is adjusted to recognise changes in the group\u2019s share of net assets of the associate since the acquisition date. The statement of profit or loss reflects the group\u2019s share of the results of \ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue844\ue95b\ue95b\ue91b\ue872\ue8cf\ue844\ue969\ue88d\ueeb6\ueeab\ue601\ue90c\ue9a9\ueeab\ue872\ue8c2\ue844\ue90c\ue8b3\ue88d\ueeab\ue8cf\ue90c\ueeab\ue6cc\ue62d\ue686\ueeabof those investees is presented as part of theCash and cash equivalents Accounting principlesCash and cash equivalents comprise bank deposits and other short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. To qualify as cash equivalents, investments must have an original maturity of three months or less from the date of acquisition.Money-market fund investments are classified as cash equivalents when they are highly liq-uid, redeemable on demand or within a few days, and are subject to insignificant risk of changes in value. Amounts in NOK thousand 31.12.2025 31.12.2024Short-term bank deposits 1 025 344 1 500 144 Short-term money market funds 65 514 -Cash and cash equivalents 1 090 859 1 500 144The group\u2019s money-market fund investments consist of low-risk funds invested in short-term money-market instruments. The investment can be converted to cash within a few days and are not subject to significant changes in value.Amounts in NOK thousand 31.12.2025 31.12.2024Bank deposits for employee tax withholding 1 478 1 939Cash in countries with currency restrictions 1 243 1 204Total restricted cash 2 720 3 143 Bank guarantee for employee tax withholding 94 300 84 300\ue686\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue8c2\ue844\ue95b\ueeab\ue844\ueeab\ue94d\ue88d\ue998\ue91b\ue8f5\ue998\ue8cf\ue90c\ue8b3\ueeab\ue872\ue94d\ue88d\ue87e\ue8cf\ue969\ueeabfacility of NOK 200 million which was unused \ue844\ue95b\ueeab\ue91b\ue8b1\ueeab\uee36\uee34\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab\uee35\uee33\uee35\uee38\ueeb6\ueeab\ue70a\ue88d\ue88d\ueeabnote 16\ueeab\ue686\ue90c\ue969\ue88d\ue94d-est-bearing liabilities for more information.Moreld has a cash pool arrangement in Spare-bank 1 S\u00f8r-Norge ASA. The companies in the cash pool agreement are jointly liable for the draw down on the facility. All general activities regarding the cash pool facility are handled by Moreld, while, day to day operations is per-formed by each single company in the group. \ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueeab\ue8c2\ue844\ue95b\ueeab\ue844\ueeab\ue872\ue844\ue95b\ue8c2\ueeab\ue945\ue91b\ue91b\ue8f5\ueeab\ue844\ue94d\ue94d\ue844\ue90c\ue8b3\ue88d-\ue906\ue88d\ue90c\ue969\ueeab\ue8cf\ue90c\ueeab\ue638\ue6bd\ue625\ueeab\ue625\ue844\ue90c\ue8ec\ueeab\ue601\ue70a\ue601\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeab\ue872\ue91b\ue906\ue945\ue844\ue90c\ue8cf\ue88d\ue95b\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeabcash pool agreement are jointly liable for the draw down on the facility. All general activities regarding the cash pool facility are handled \ue869\ue9a9\ueeab\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueeab\ue66e\ue94d\ue91b\ue977\ue945\ueeab\ue601\ue70a\ueeb7\ueeab\ue99d\ue8c2\ue8cf\ue8f5\ue88d\ueeb7\ueeab\ue87e\ue844\ue9a9\ueeab\ue969\ue91b\ueeab\ue87e\ue844\ue9a9\ueeaboperations is performed by each single com-\ue945\ue844\ue90c\ue9a9\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueeab\ue66e\ue94d\ue91b\ue977\ue945\ueeb6Earnings per shareAccounting principlesEarnings per share is calculated as profit/(loss) attributable to the equity holders of the par-ent company divided by the number of shares outstanding. Potential dilutive shares are shown separately along with the dilutive earn-ings per share.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__14": {
"value": "The consolidated financial statement is pre-\ue945\ue844\ue94d\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue844\ue872\ue872\ue91b\ue94d\ue87e\ue844\ue90c\ue872\ue88d\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue686\ue66b\ue6fe\ue70a\uef15\ueeab\ue844\ue95b\ueeab\ue844\ue87e\ue91b\ue945\ue969\ue88d\ue87e\ueeabby the EU. The consolidated financial state-\ue906\ue88d\ue90c\ue969\ueeab\ue8c2\ue844\ue95b\ueeab\ue869\ue88d\ue88d\ue90c\ueeab\ue844\ue977\ue87e\ue8cf\ue969\ue88d\ue87e\ueeab\ue869\ue9a9\ueeab\ue638\ue88d\ue8f5\ue91b\ue8cf\ue969\ue969\ue88d\ueeab\ue601\ue70a\ueeab\ue844\ue90c\ue87e\ueeabwas approved by the board of directors in Moreld ASA on 22 April 2026.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__12": {
"value": "The consolidated financial statement is pre-\ue945\ue844\ue94d\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue844\ue872\ue872\ue91b\ue94d\ue87e\ue844\ue90c\ue872\ue88d\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue686\ue66b\ue6fe\ue70a\uef15\ueeab\ue844\ue95b\ueeab\ue844\ue87e\ue91b\ue945\ue969\ue88d\ue87e\ueeabby the EU.",
"dimensions": {
"concept": "ifrs-full:StatementOfIFRSCompliance",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__16-1": {
"value": "Basis for measurementThe preparation of the group\u2019s consolidated financial statements requires Management to make judgements, estimates and assump-tions that affect the reported amounts of rev-enues, expenses, assets, liabilities and the accompanying disclosures, and the disclo-sure of contingent liabilities. Use of available information and application of judgement are inherent in the formation of estimates. Uncertainty about these assumptions and esti-mates could result in outcomes that require a material adjustment to the carrying amount of assets or liabilities affected in future periods. Actual results in the future could differ from such estimates and the differences may be material to the consolidated financial statements. These estimates are reviewed on a regular basis and if a change is needed, it is accounted for in the year the change becomes known.The group bases its assumptions and esti-mates on parameters available when the con-solidated financial statements are prepared. Existing circumstances and assumptions about future developments, however, may change due to market changes or circum-stances arising that are beyond the control of the group. Such changes are reflected in the assumptions when they occur.Fair value measurementMoreld measures certain assets and liabili-ties at fair value for recognition or disclosure. Recurring fair value measurement is mainly used for financial instruments, while non-re-curring measurement is used for transactions like business combinations and divestments. Fair value is estimated using inputs that vary in observability, with level 1 valuations based on quoted prices, level 2 on observable prices, and level 3 on judgmental assumptions. See note 19 Financial instruments for further details.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__18": {
"value": "Basis and principles for consolidation The consolidated financial statements com-prise the financial statements of the parent company Moreld ASA and its subsidiaries. Sub-sidiaries are all entities over which the group has control. Upon the acquisition of new enti-ties management assesses whether the acqui-sition constitutes a business combination in \ue844\ue872\ue872\ue91b\ue94d\ue87e\ue844\ue90c\ue872\ue88d\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee36\ueeb7\ueeab\ue91b\ue94d\ueeab\ue99d\ue8c2\ue88d\ue969\ue8c2\ue88d\ue94d\ueeab\ue8cf\ue969\ueeab\ue8cf\ue95b\ueeab\ue844\ue90c\ueeabasset acquisition.An entity has been assessed as being con-trolled by the group when the group is exposed to or have the rights to variable returns from its involvement with the entity and can use its power over the entity to affect the amount of the group\u2019s returns. There is a presumption that if the group has the major-ity of the voting rights in an entity, the entity is considered as a subsidiary. Consolidation of a subsidiary begins when the group obtains control over the subsidiary and ceases when the group loses control of the subsidiary. Profit or loss and each compo-\ue90c\ue88d\ue90c\ue969\ueeab\ue91b\ue8b1\ueeab\ue91b\ue969\ue8c2\ue88d\ue94d\ueeab\ue872\ue91b\ue906\ue945\ue94d\ue88d\ue8c2\ue88d\ue90c\ue95b\ue8cf\ue998\ue88d\ueeab\ue8cf\ue90c\ue872\ue91b\ue906\ue88d\ueeab\ueedc\ue6cc\ue62d\ue686\ueedd\ueeab\ue844\ue94d\ue88d\ueeabattributed to the equity holders of the parent of the group and to the non-controlling inter-ests, even if this results in the non-controlling interests having a deficit balance. Non-controlling interests are presented sep-\ue844\ue94d\ue844\ue969\ue88d\ue8f5\ue9a9\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ueeab\ue88d\ue94b\ue977\ue8cf\ue969\ue9a9\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueef3\ue95b\ueeab\ue869\ue844\ue8f5\ue844\ue90c\ue872\ue88d\ueeabsheet. A change in the ownership interest of a subsidiary, without a loss of control, is accounted for as an equity transaction. The consideration is recognised at fair value and the difference between the consideration and the carrying amount of the non-controlling interests is recognised at the equity attributa-ble to the parent.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__19": {
"value": "Foreign currency translation The functional currency of the companies in the group is determined based on the nature of the primary economic environment in which the company operates. The functional currency of the parent company Moreld ASA and the presentation currency of the group is Norwegian Kroner (NOK).",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__17": {
"value": "Foreign currency translation The functional currency of the companies in the group is determined based on the nature of the primary economic environment in which the company operates. The functional currency of the parent company Moreld ASA and the presentation currency of the group is Norwegian Kroner (NOK).",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__20": {
"value": "Principles of cash flow statementThe cash flow statement has been prepared using the indirect method. Cash flows from acquisition of shares includes cash and cash equivalents in the business that are acquired at the transaction date. Hence, this is pre-sented net together with the cash considera-tion paid. Cash and cash equivalents comprise bank deposits and other short-term, highly liq-uid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. To qualify as cash equivalents, investments must have an original maturity of three months or less from the date of acquisition.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__21-1": {
"value": "Key accounting estimates and judgementsSignificant estimates The most critical assumptions used by man-agement in making business decisions is the long-term activity level in the energy mar-ket, and the related market developments together with the applied weighted average cost of capital (WACC) in discounted cash flow \ueedc\ue638\ue62d\ue66b\ueedd\ueeab\ue906\ue91b\ue87e\ue88d\ue8f5\ue95b\ueeb6\ueeab\ue686\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue95b\ue8cf\ue8b3\ue90c\ue8cf\ue8b1\ue8cf\ue872\ue844\ue90c\ue969\ueeab\ue8e5\ue977\ue87e\ue8b3\ue88d-ment is applied when recognising revenues from contracts with customers, recognising deferred tax assets and when calculating lease liabilities. Management considers the below areas to be the areas where the most signifi-cant estimates are present. \ue62f\ue62f\ue745\ue844\ue94d\ue8cf\ue844\ue869\ue8f5\ue88d\ueeab\ue872\ue91b\ue90c\ue95b\ue8cf\ue87e\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue844\ue90c\ue87e\ueeab\ue969\ue91b\ue969\ue844\ue8f5\ueeab\ue872\ue91b\ue90c\ue969\ue94d\ue844\ue872\ue969\ueeabcost in contracts with customers. See note 4 Revenue from contracts with customers\ue62f\ue62f\ue686\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue969\ue88d\ue95b\ue969\ue8cf\ue90c\ue8b3\ueeab\ue91b\ue8b1\ueeab\ue8b3\ue91b\ue91b\ue87e\ue99d\ue8cf\ue8f5\ue8f5\ueeb6\ueeab\ue70a\ue88d\ue88d\ueeabnote 12 \ue66e\ue91b\ue91b\ue87e\ue99d\ue8cf\ue8f5\ue8f5\ueeab\ue62f\ue62fRecognition of lease liabilities and right of use assets. See note 15 Leasing\ue62f\ue62f\ue745\ue844\ue8f5\ue977\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue91b\ue8b1\ueeab\ue87e\ue88d\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeab\ue969\ue844\ue9a6\ueeab\ue844\ue95b\ue95b\ue88d\ue969\ue95b\ueeb6\ueeab\ue70a\ue88d\ue88d\ueeabnote 20 \ue686\ue90c\ue872\ue91b\ue906\ue88d\ueeab\ue969\ue844\ue9a6\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88dSignificant judgements \ue638\ue977\ue88d\ueeab\ue969\ue91b\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeed\ue95b\ueeab\ue869\ue977\ue95b\ue8cf\ue90c\ue88d\ue95b\ue95b\ueeab\ue844\ue872\ue969\ue8cf\ue998\ue8cf\ue969\ue8cf\ue88d\ue95b\ueeb7\ueeab\ue906\ue844\ue90c-agement must apply judgement in deter-mining the appropriate accounting policies in many areas, and for some the application of the group\u2019s accounting may have a mate-rial impact on the accounting treatment in the financial statements. Significant judgement includes areas such as:\ue62f\ue62fRecognition of options in leasing contracts, see note 15 Leasing\ue62f\ue62f\ue745\ue844\ue8f5\ue977\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue91b\ue8b1\ueeab\ue87e\ue88d\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeab\ue969\ue844\ue9a6\ueeab\ue844\ue95b\ue95b\ue88d\ue969\ue95b\ueeb6\ueeab\ue70a\ue88d\ue88d\ueeabnote 20 \ue686\ue90c\ue872\ue91b\ue906\ue88d\ueeab\ue969\ue844\ue9a6\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88dFair value measurementMoreld measures certain assets and liabili-ties at fair value for recognition or disclosure. Recurring fair value measurement is mainly used for financial instruments, while non-re-curring measurement is used for transactions like business combinations and divestments. Fair value is estimated using inputs that vary in observability, with level 1 valuations based on quoted prices, level 2 on observable prices, and level 3 on judgmental assumptions. See note 19 Financial instruments for further details.Significant estimates\ue686\ue969\ueeab\ue872\ue844\ue90c\ueeab\ue869\ue88d\ueeab\ue872\ue8c2\ue844\ue8f5\ue8f5\ue88d\ue90c\ue8b3\ue8cf\ue90c\ue8b3\ueeab\ue969\ue91b\ueeab\ue88d\ue95b\ue969\ue8cf\ue906\ue844\ue969\ue88d\ueeab\ue969\ue8c2\ue88d\ueeab\ue88d\ue9a6\ue945\ue88d\ue872\ue969\ue88d\ue87e\ueeabrevenue and cost in the group\u2019s customer con-tracts, if there are operational challenges. \ue686\ue90c\ue872\ue88d\ue90c\ue969\ue8cf\ue998\ue88d\ueeab\ue945\ue844\ue9a9\ue906\ue88d\ue90c\ue969\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue8cf\ue90c\ue969\ue88d\ue8b3\ue94d\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue906\ue844\ue90c\ue9a9\ueeab\ue872\ue91b\ue90c-tracts and can constitute a significant parts of contract revenue on certain reimbursable contracts. They can also be present in lump \ue95b\ue977\ue906\ueeab\ue872\ue91b\ue90c\ue969\ue94d\ue844\ue872\ue969\ue95b\ueeb6\ueeab\ue686\ue90c\ue872\ue88d\ue90c\ue969\ue8cf\ue998\ue88d\ueeab\ue945\ue844\ue9a9\ue906\ue88d\ue90c\ue969\ue95b\ueeab\ue8cf\ue90c\ue872\ue8f5\ue977\ue87e\ue88d\ueeabbonuses, target sum mechanisms and pro-ductivity incentives and can potentially both increase and decrease revenue. Most incen-tives are estimated using the most likely amount. Revenue from variable consideration is included only when it is highly probable that the revenue will not be reversed. There is a risk that the actual payment of incentives may dif-fer from the estimated amount. \ue6a7\ue8cf\ue94b\ue977\ue8cf\ue87e\ue844\ue969\ue88d\ue87e\ueeab\ue638\ue844\ue906\ue844\ue8b3\ue88d\ue95b\ueeab\ueedc\ue6a7\ue638\ue95b\ueedd\ueeab\ue844\ue94d\ue88d\ueeab\ue945\ue88d\ue90c\ue844\ue8f5\ue969\ue8cf\ue88d\ue95b\ueeab\ue8b1\ue91b\ue94d\ueeab\ue90c\ue91b\ue969\ueeab\ue844\ue872\ue8c2\ue8cf\ue88d\ue998\ue8cf\ue90c\ue8b3\ueeab\ue87e\ue88d\ue8b1\ue8cf\ue90c\ue88d\ue87e\ueeab\ue906\ue8cf\ue8f5\ue88d\ue95b\ue969\ue91b\ue90c\ue88d\ue95b\ueeab\ue91b\ue90c\ueeab\ue969\ue8cf\ue906\ue88d\ueeb6\ueeab\ue686\ue8b1\ueeab\ue844\ueeabproject does not meet the defined milestone in a contract, a provision reducing the transac-tion price is made unless it is highly probable \ue969\ue8c2\ue844\ue969\ueeab\ue6a7\ue638\ue95b\ueeab\ue99d\ue8cf\ue8f5\ue8f5\ueeab\ue90c\ue91b\ue969\ueeab\ue869\ue88d\ueeab\ue8cf\ue906\ue945\ue91b\ue95b\ue88d\ue87e\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeab\ue88d\ue95b\ue969\ue8cf\ue906\ue844\ue969\ue88d\ue87e\ueeab\ue6a7\ue638\ueeab\ue945\ue94d\ue91b\ue998\ue8cf\ue95b\ue8cf\ue91b\ue90c\ueeab\ue8cf\ue95b\ueeab\ue8c2\ue8cf\ue8b3\ue8c2\ue8f5\ue9a9\ueeab\ue8e5\ue977\ue87e\ue8b3\ue906\ue88d\ue90c\ue969\ue844\ue8f5\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeab\ue844\ue95b\ue95b\ue88d\ue95b\ue95b-\ue906\ue88d\ue90c\ue969\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue6a7\ue638\ueeab\ue945\ue94d\ue91b\ue998\ue8cf\ue95b\ue8cf\ue91b\ue90c\ueeab\ue8cf\ue95b\ueeab\ue869\ue844\ue95b\ue88d\ue87e\ueeab\ue91b\ue90c\ueeab\ue88d\ue9a6\ue945\ue88d\ue94d\ue8cf-\ue88d\ue90c\ue872\ue88d\ueeab\ue8b1\ue94d\ue91b\ue906\ueeab\ue95b\ue8cf\ue906\ue8cf\ue8f5\ue844\ue94d\ueeab\ue6a7\ue638\ueeab\ue95b\ue8cf\ue969\ue977\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue8cf\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeab\ue969\ue91b\ueeabclient relationship, contractual position, and status on negotiations. The estimates of total contract cost can be judgmental and sensitive to changes. The cost estimates can significantly impact reve-nue recognition for contracts using cost pro-gress, particularly in lump sum construction contracts. The forecasting of total project cost depends on the ability to properly execute the engineering and design phase, availability of skilled resources, manufacturing capacity, pro-ductivity and quality factors, performance of subcontractors and sometimes also weather conditions. Experience, systematic use of the project execution model and focus on core competencies reduce, but do not eliminate, the risk that cost estimates may change sig-nificantly.The assessment of whether the group oper-ates as the principal or the agent in customer contracts requires management to use judge-ment. Management evaluates each contract to determine whether the entity is acting as a principal or an agent. This involves analys-ing the terms of the contract, the nature of \ue969\ue8c2\ue88d\ueeab\ue8b3\ue91b\ue91b\ue87e\ue95b\ueeab\ue91b\ue94d\ueeab\ue95b\ue88d\ue94d\ue998\ue8cf\ue872\ue88d\ue95b\ueeb7\ueeab\ue844\ue90c\ue87e\ueeab\ue969\ue8c2\ue88d\ueeab\ue88d\ue90c\ue969\ue8cf\ue969\ue9a9\ueef3\ue95b\ueeab\ue94d\ue91b\ue8f5\ue88d\ueeab\ue8cf\ue90c\ueeabthe transaction. The judgement applied in this assessment is based on the specific facts and circumstances of each contract and is contin-uously reviewed to ensure accurate financial reporting. The group has generally concluded that it is the principal in its revenue arrange-ments, because it typically controls the goods or services before transferring them to the customer.The customers of the group are mostly large E&P companies, with high creditworthiness and solid balance sheets. The group has histor-ically not had any significant credit losses on their customer contracts.Significant estimatesThe group uses the value in use method, determined by discounted cash flow, to calcu-late recoverable amounts for cash flow-gen-erating units. Expected cash flow is based on budgets and long-term plans approved by Moreld\u2019s executive management and board, covering a three-year period. After the three years, the next seven years and the terminal value has been estimated based on three sce-narios for the future, which has been assigned weights based on management\u2019s assump-tions about the future development of the \ue8b3\ue94d\ue91b\ue977\ue945\ueeb6\ueeab\ue74b\ue8c2\ue8cf\ue8f5\ue88d\ueeab\ue686\ue601\ue70a\ueeab\uee36\uee39\ueeab\ue8b3\ue88d\ue90c\ue88d\ue94d\ue844\ue8f5\ue8f5\ue9a9\ueeab\ue94d\ue88d\ue8b1\ue88d\ue94d\ue95b\ueeab\ue969\ue91b\ueeab\ue844\ueeab\ue8b1\ue8cf\ue998\ue88d\ueed2year horizon, management considers a longer period appropriate due the highly cyclical nature of the industry in which Moreld oper-ate. The group uses anticipated cash flows and discount rates after tax, which would not differ significantly if calculated before tax. \ue686\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue969\ue88d\ue95b\ue969\ue8cf\ue90c\ue8b3\ueeab\ue8cf\ue95b\ueeab\ue869\ue844\ue95b\ue88d\ue87e\ueeab\ue91b\ue90c\ueeab\ue95b\ue88d\ue998\ue88d\ue94d\ue844\ue8f5\ueeab\ue95b\ue8cf\ue8b3\ue90c\ue8cf\ue8b1\ue8cf-cant estimates, including: Discount rateThe discount rate is calculated based on the weighted average cost of capital (WACC). Management utilises a WACC based on mar-ket indicators externally observed to estimate an unbiased WACC. The cost of debt is calcu-lated based on the pricing of Moreld\u2019s exter-nal debt. The cost of equity is based on the risk-free rate and market risk premium and adjusted with an equity beta derived from a listed peer group. The equity beta is based on the unlevered beta from the peer group, and re-levered to reflect the leverage ratio utilised. The WACC is always updated to reflect the rel-evant period when it is being used as an input. For the impairment test in 2025, the discount rate after tax is 10.9 per cent. EBITDA excl. IFRS 16-margin \ue717\ue8c2\ue88d\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue88d\ue9a6\ue872\ue8f5\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee39\ueed2\ue906\ue844\ue94d\ue8b3\ue8cf\ue90c\ueeab\ueedc\ue648\ue625\ue686\ue717\ue638\ue601\ueed2\ue906\ue844\ue94d-gin) is forecasted for each cash flow-generat-ing unit based on future expectations. For the \ue969\ue8c2\ue94d\ue88d\ue88d\ueed2\ue9a9\ue88d\ue844\ue94d\ueeab\ue8b1\ue91b\ue94d\ue88d\ue872\ue844\ue95b\ue969\ueeab\ue945\ue88d\ue94d\ue8cf\ue91b\ue87e\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueed2\ue906\ue844\ue94d\ue8b3\ue8cf\ue90c\ueeabis based on assumptions in the long-term plan which again is based on detailed bottom-up analyses. For the period following the forecast \ue945\ue88d\ue94d\ue8cf\ue91b\ue87e\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueed2\ue906\ue844\ue94d\ue8b3\ue8cf\ue90c\ueeab\ue8cf\ue95b\ueeab\ue869\ue844\ue95b\ue88d\ue87e\ueeab\ue91b\ue90c\ueeab\ue8c2\ue8cf\ue95b\ue969\ue91b\ue94d\ue8cf-cal averages and managements expectation forthe future. Nominal growth rateThe growth rate following the end of the fore-cast period is based on management\u2019s expec-tations of market trends. Stable growth rates are used to extrapolate cash flows in the ter-minal period, not exceeding the industry\u2019s expected long-term growth rate. Inflation The inflation rate is based on the long-term inflation target used by the central bank of Norway. For the impairment test in 2025, the inflation rate is 3.0 per cent.Significant estimates\ue686\ue90c\ueeab\ue872\ue844\ue8f5\ue872\ue977\ue8f5\ue844\ue969\ue8cf\ue90c\ue8b3\ueeab\ue969\ue8c2\ue88d\ueeab\ue945\ue94d\ue88d\ue95b\ue88d\ue90c\ue969\ueeab\ue998\ue844\ue8f5\ue977\ue88d\ueeab\ue91b\ue8b1\ueeab\ue8f5\ue88d\ue844\ue95b\ue88d\ueeab\ue945\ue844\ue9a9-ments, the group uses its incremental bor-rowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. The incremental borrowing rate is estimated by considering borrowings with a similar term and security to the right-of-use asset. This estimation process involves making assumptions about various factors, such as the term of the borrowing, the security provided, and the economic environ-ment, which can introduce a degree of uncer-tainty and variability to the process. After the commencement date, the amount of lease liabilities is increased to reflect the accre-tion of interest and reduced for the lease pay-\ue906\ue88d\ue90c\ue969\ue95b\ueeab\ue906\ue844\ue87e\ue88d\ueeb6\ueeab\ue686\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue844\ue94d\ue94d\ue9a9\ue8cf\ue90c\ue8b3\ueeab\ue844\ue906\ue91b\ue977\ue90c\ue969\ueeabof lease liabilities is remeasured if there is a modification, a change in the lease term or a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease payments), or when the group acquires new lease agreements as part of business combi-nations. Significant judgementsSignificant judgement is involved when assessing whether option should be recog-nised in a lease agreement. The group recog-nises options if it is reasonably certain that the option will be exercised. This requires consid-eration of all the facts and circumstances that create a significant economic incentive for the group to exercise the option and is ultimately a judgement call that needs to take into consid-eration facts and circumstances specific to the asset being leased, the entity and the wider market. These factors introduce a degree of uncertainty and variability, making the rec-ognition of an option in a lease agreement a complex and judgmental process.Significant judgement Significant judgement is applied when decomposing financial instruments. Careful analysis and judgment are required to sepa-rate and measure the different components accurately.Significant estimates Estimating future taxable profits is essential to determine whether the tax losses, carried forward interest cost and credit reliefs carried forward can be utilised. The process involves \ue8b1\ue91b\ue94d\ue88d\ue872\ue844\ue95b\ue969\ue8cf\ue90c\ue8b3\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueef3\ue95b\ueeab\ue8b1\ue977\ue969\ue977\ue94d\ue88d\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue8cf\ue844\ue8f5\ueeab\ue945\ue88d\ue94d\ue8b1\ue91b\ue94d-mance, which can be uncertain and subject to various economic and business conditions, including future profits and the amount of for-eign revenue. Furthermore, Moreld is subject to income taxes in various jurisdictions and exposed to multiple tax regimes. Management judgment is involved in determining the taxa-ble amount, and tax authorities may challenge \ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueef3\ue95b\ueeab\ue872\ue844\ue8f5\ue872\ue977\ue8f5\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue91b\ue8b1\ueeab\ue969\ue844\ue9a6\ue88d\ue95b\ueeab\ue945\ue844\ue9a9\ue844\ue869\ue8f5\ue88d\ueeab\ue8b1\ue94d\ue91b\ue906\ueeabprior periods.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__23": {
"value": "Revenue from contracts with customersAccounting principlesThe group accounts for revenue in accordance \ue99d\ue8cf\ue969\ue8c2\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee38\ueeab\ue844\ue90c\ue87e\ueeab\ue844\ue945\ue945\ue8f5\ue8cf\ue88d\ue95b\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b1\ue8cf\ue998\ue88d\ueed2\ue95b\ue969\ue88d\ue945\ueeab\ue906\ue88d\ue969\ue8c2\ue91b\ue87e\ueeabto all revenue streams.Revenue from contracts with customers is rec-ognised when control of the goods or services is transferred to the customer at an amount that reflects the consideration to which the group expects to be entitled in exchange for those goods or services. The group has gen-erally concluded that it is the principal in its revenue arrangements, because it typically controls the goods or services before transfer-ring them to the customer.The group operates on both fixed price- and cost-plus construction contracts. The con-tracts are for construction of assets with no alternative use, and the group has enforcea-ble rights to payment for performance com-pleted to date. Contract revenue is normally in accordance with the customer agreement. \ue745\ue844\ue94d\ue8cf\ue844\ue869\ue8f5\ue88d\ueeab\ue872\ue91b\ue90c\ue95b\ue8cf\ue87e\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue8cf\ue844\ue8f5\ueeab\ue945\ue88d\ue90c\ue844\ue8f5-ties for delays can impact on the transaction price. Revenues from construction contracts are recognised over time, measuring progress using an input method. Revenue is recognised based on the group\u2019s efforts of inputs to the satisfaction of a performance obligation (for example, resources consumed, labour hours expended, cost incurred or time elapsed) rel-ative to the total expected inputs to the satis-\ue8b1\ue844\ue872\ue969\ue8cf\ue91b\ue90c\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue844\ue969\ueeab\ue945\ue88d\ue94d\ue8b1\ue91b\ue94d\ue906\ue844\ue90c\ue872\ue88d\ueeab\ue91b\ue869\ue8f5\ue8cf\ue8b3\ue844\ue969\ue8cf\ue91b\ue90c\ueeb6\ueeab\ue686\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeabgroup\u2019s efforts or inputs are expended evenly throughout the performance period, it may be appropriate for the entity to recognise rev-\ue88d\ue90c\ue977\ue88d\ueeab\ue91b\ue90c\ueeab\ue844\ueeab\ue95b\ue969\ue94d\ue844\ue8cf\ue8b3\ue8c2\ue969\ueed2\ue8f5\ue8cf\ue90c\ue88d\ueed2\ue869\ue844\ue95b\ue8cf\ue95b\ueeb6\ueeab\ue686\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue872\ue844\ue90c\ueeabreasonably measure its progress towards com-plete satisfaction of the performance obli-gation, the group recognises revenue for a performance obligation satisfied over time. The directors consider that this input method is an appropriate measure of the progress towards complete satisfaction of these perfor-\ue906\ue844\ue90c\ue872\ue88d\ueeab\ue91b\ue869\ue8f5\ue8cf\ue8b3\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee38\ueeb6A contract asset is the right to consideration in exchange for goods or services transferred to \ue969\ue8c2\ue88d\ueeab\ue872\ue977\ue95b\ue969\ue91b\ue906\ue88d\ue94d\ueeb6\ueeab\ue686\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue945\ue88d\ue94d\ue8b1\ue91b\ue94d\ue906\ue95b\ueeab\ue869\ue9a9\ueeab\ue969\ue94d\ue844\ue90c\ue95b-ferring 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 condi-tional. A contract liability is the obligation to trans-fer goods or services to a customer for which the group has received consideration (or an amount of consideration is due) from the cus-\ue969\ue91b\ue906\ue88d\ue94d\ueeb6\ueeab\ue686\ue8b1\ueeab\ue844\ueeab\ue872\ue977\ue95b\ue969\ue91b\ue906\ue88d\ue94d\ueeab\ue945\ue844\ue9a9\ue95b\ueeab\ue872\ue91b\ue90c\ue95b\ue8cf\ue87e\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue869\ue88d\ue8b1\ue91b\ue94d\ue88d\ueeabthe group transfers goods or services to the customer, a contract liability is recognised when the payment is made. Contract liabili-ties are recognised as revenue when the group fulfils the performance obligation(s) under the contract. Significant estimates\ue686\ue969\ueeab\ue872\ue844\ue90c\ueeab\ue869\ue88d\ueeab\ue872\ue8c2\ue844\ue8f5\ue8f5\ue88d\ue90c\ue8b3\ue8cf\ue90c\ue8b3\ueeab\ue969\ue91b\ueeab\ue88d\ue95b\ue969\ue8cf\ue906\ue844\ue969\ue88d\ueeab\ue969\ue8c2\ue88d\ueeab\ue88d\ue9a6\ue945\ue88d\ue872\ue969\ue88d\ue87e\ueeabrevenue and cost in the group\u2019s customer con-tracts, if there are operational challenges. \ue686\ue90c\ue872\ue88d\ue90c\ue969\ue8cf\ue998\ue88d\ueeab\ue945\ue844\ue9a9\ue906\ue88d\ue90c\ue969\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue8cf\ue90c\ue969\ue88d\ue8b3\ue94d\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue906\ue844\ue90c\ue9a9\ueeab\ue872\ue91b\ue90c-tracts and can constitute a significant parts of contract revenue on certain reimbursable contracts. They can also be present in lump \ue95b\ue977\ue906\ueeab\ue872\ue91b\ue90c\ue969\ue94d\ue844\ue872\ue969\ue95b\ueeb6\ueeab\ue686\ue90c\ue872\ue88d\ue90c\ue969\ue8cf\ue998\ue88d\ueeab\ue945\ue844\ue9a9\ue906\ue88d\ue90c\ue969\ue95b\ueeab\ue8cf\ue90c\ue872\ue8f5\ue977\ue87e\ue88d\ueeabbonuses, target sum mechanisms and pro-ductivity incentives and can potentially both increase and decrease revenue. Most incen-tives are estimated using the most likely amount. Revenue from variable consideration is included only when it is highly probable that the revenue will not be reversed. There is a risk that the actual payment of incentives may dif-fer from the estimated amount. \ue6a7\ue8cf\ue94b\ue977\ue8cf\ue87e\ue844\ue969\ue88d\ue87e\ueeab\ue638\ue844\ue906\ue844\ue8b3\ue88d\ue95b\ueeab\ueedc\ue6a7\ue638\ue95b\ueedd\ueeab\ue844\ue94d\ue88d\ueeab\ue945\ue88d\ue90c\ue844\ue8f5\ue969\ue8cf\ue88d\ue95b\ueeab\ue8b1\ue91b\ue94d\ueeab\ue90c\ue91b\ue969\ueeab\ue844\ue872\ue8c2\ue8cf\ue88d\ue998\ue8cf\ue90c\ue8b3\ueeab\ue87e\ue88d\ue8b1\ue8cf\ue90c\ue88d\ue87e\ueeab\ue906\ue8cf\ue8f5\ue88d\ue95b\ue969\ue91b\ue90c\ue88d\ue95b\ueeab\ue91b\ue90c\ueeab\ue969\ue8cf\ue906\ue88d\ueeb6\ueeab\ue686\ue8b1\ueeab\ue844\ueeabproject does not meet the defined milestone in a contract, a provision reducing the transac-tion price is made unless it is highly probable \ue969\ue8c2\ue844\ue969\ueeab\ue6a7\ue638\ue95b\ueeab\ue99d\ue8cf\ue8f5\ue8f5\ueeab\ue90c\ue91b\ue969\ueeab\ue869\ue88d\ueeab\ue8cf\ue906\ue945\ue91b\ue95b\ue88d\ue87e\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeab\ue88d\ue95b\ue969\ue8cf\ue906\ue844\ue969\ue88d\ue87e\ueeab\ue6a7\ue638\ueeab\ue945\ue94d\ue91b\ue998\ue8cf\ue95b\ue8cf\ue91b\ue90c\ueeab\ue8cf\ue95b\ueeab\ue8c2\ue8cf\ue8b3\ue8c2\ue8f5\ue9a9\ueeab\ue8e5\ue977\ue87e\ue8b3\ue906\ue88d\ue90c\ue969\ue844\ue8f5\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeab\ue844\ue95b\ue95b\ue88d\ue95b\ue95b-\ue906\ue88d\ue90c\ue969\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue6a7\ue638\ueeab\ue945\ue94d\ue91b\ue998\ue8cf\ue95b\ue8cf\ue91b\ue90c\ueeab\ue8cf\ue95b\ueeab\ue869\ue844\ue95b\ue88d\ue87e\ueeab\ue91b\ue90c\ueeab\ue88d\ue9a6\ue945\ue88d\ue94d\ue8cf-\ue88d\ue90c\ue872\ue88d\ueeab\ue8b1\ue94d\ue91b\ue906\ueeab\ue95b\ue8cf\ue906\ue8cf\ue8f5\ue844\ue94d\ueeab\ue6a7\ue638\ueeab\ue95b\ue8cf\ue969\ue977\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue8cf\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeab\ue969\ue91b\ueeabclient relationship, contractual position, and status on negotiations. The estimates of total contract cost can be judgmental and sensitive to changes. The cost estimates can significantly impact reve-nue recognition for contracts using cost pro-gress, particularly in lump sum construction contracts. The forecasting of total project cost depends on the ability to properly execute the engineering and design phase, availability of skilled resources, manufacturing capacity, pro-ductivity and quality factors, performance of subcontractors and sometimes also weather conditions. Experience, systematic use of the project execution model and focus on core competencies reduce, but do not eliminate, the risk that cost estimates may change sig-nificantly.The assessment of whether the group oper-ates as the principal or the agent in customer contracts requires management to use judge-ment. Management evaluates each contract to determine whether the entity is acting as a principal or an agent. This involves analys-ing the terms of the contract, the nature of \ue969\ue8c2\ue88d\ueeab\ue8b3\ue91b\ue91b\ue87e\ue95b\ueeab\ue91b\ue94d\ueeab\ue95b\ue88d\ue94d\ue998\ue8cf\ue872\ue88d\ue95b\ueeb7\ueeab\ue844\ue90c\ue87e\ueeab\ue969\ue8c2\ue88d\ueeab\ue88d\ue90c\ue969\ue8cf\ue969\ue9a9\ueef3\ue95b\ueeab\ue94d\ue91b\ue8f5\ue88d\ueeab\ue8cf\ue90c\ueeabthe transaction. The judgement applied in this assessment is based on the specific facts and circumstances of each contract and is contin-uously reviewed to ensure accurate financial reporting. The group has generally concluded that it is the principal in its revenue arrange-ments, because it typically controls the goods or services before transferring them to the customer.The customers of the group are mostly large E&P companies, with high creditworthiness and solid balance sheets. The group has histor-ically not had any significant credit losses on their customer contracts.Construction projects in progress at the end of the reporting periodAmounts in NOK thousand 31.12.2025 31.12.2024Construction costs incurred 25 250 464 23 642 903Plus, recognised profits 4 061 227 3 901 781(Less) recognised losses to date - -Revenues on ongoing construction contracts 29 311 692 27 544 684(Less): progress billings (29 511 823) (27 851 346)Amounts due from (to) customers under construction contracts (200 131) (306 662)Recognised and included in the consolidated financial statements as amounts dueAmounts in NOK thousand 31.12.2025 31.12.2024Contract assets: Amounts due from customers 407 117 498 691Contract liabilities: Amounts due to customers (607 248) (805 354)Amounts due from (to) customers under construction contracts (200 131) (306 662)Remaining production on loss making construction contractsAmounts in NOK thousand 31.12.2025 31.12.2024Loss making construction contracts - - Total remaining production on loss making contracts - - Revenues per area of operation in 2025Amounts in NOK thousand Moreld Apply \ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d \ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d Other TotalOil & gas 3 996 654 4 247 171 519 266 - 8 763 091Renewables & green energy solutions 17 418 163 421 271 815 - 452 653Onshore industry 563 858 - 7 007 - 570 865Other 23 268 1 029 10 973 6 815 42 085Total revenue from contracts with customers 4 601 197 4 411 621 809 061 6 815 9 828 694Revenues per area of operation in 2024Amounts in NOK thousand Moreld Apply \ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d \ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d Other TotalOil & gas 3 404 239 2 481 270 504 631 - 6 390 139Renewables & green energy solutions 15 798 - 344 502 - 360 300Onshore industry 261 822 - 10 662 - 272 484Other 91 585 - 8 597 1 483 101 665Total revenue from contracts with customers 3 773 444 2 481 270 868 392 1 483 7 124 588Revenues per geographic marketAmounts in NOK thousand 2025 2024Norway 7 269 829 5 755 413Europe, excl. Norway 600 578 302 482Asia and Australia, incl. Middle East 224 754 253 366Africa 1 659 257 726 226Americas 64 481 62 863Other countries 9 795 24 238Total revenue from contracts with customers 9 828 694 7 124 588Timing of revenue recognitionAmounts in NOK thousand 2025 2024\ue66e\ue91b\ue91b\ue87e\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue95b\ue88d\ue94d\ue998\ue8cf\ue872\ue88d\ue95b\ueeab\ue969\ue94d\ue844\ue90c\ue95b\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeab\ue844\ue969\ueeab\ue844\ueeab\ue945\ue91b\ue8cf\ue90c\ue969\ueeab\ue8cf\ue90c\ueeab\ue969\ue8cf\ue906\ue88d 23 029 72 893\ue66e\ue91b\ue91b\ue87e\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue95b\ue88d\ue94d\ue998\ue8cf\ue872\ue88d\ue95b\ueeab\ue969\ue94d\ue844\ue90c\ue95b\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeab\ue91b\ue998\ue88d\ue94d\ueeab\ue969\ue8cf\ue906\ue88d 9 805 665 7 051 695Total revenue from contracts with customers 9 828 694 7 124 588Contract balances Amounts in NOK thousand 2025 2024Trade receivables 929 137 1 110 561Contract assets 407 117 498 691 Contract liabilities 607 248 805 354 A significant amount of the contracts in the \ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue8c2\ue844\ue95b\ueeab\ue906\ue8cf\ue8f5\ue88d\ue95b\ue969\ue91b\ue90c\ue88d\ueed2\ue869\ue844\ue95b\ue88d\ue87e\ueeab\ue8cf\ue90c\ue998\ue91b\ue8cf\ue872\ue8cf\ue90c\ue8b3\ueeb6\ueeab\ue686\ue90c\ueeab\ue95b\ue977\ue872\ue8c2\ueeabcontracts, the level of contract assets and con-tract liabilities can vary significantly based on the timing of these milestones\u2019 payments. The group aims at having a frontloaded payment schedule where milestone payments from the customer falls due prior to the groups own lia-bilities.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__24": {
"value": "Accounting principlesThe group accounts for revenue in accordance \ue99d\ue8cf\ue969\ue8c2\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee38\ueeab\ue844\ue90c\ue87e\ueeab\ue844\ue945\ue945\ue8f5\ue8cf\ue88d\ue95b\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b1\ue8cf\ue998\ue88d\ueed2\ue95b\ue969\ue88d\ue945\ueeab\ue906\ue88d\ue969\ue8c2\ue91b\ue87e\ueeabto all revenue streams.Revenue from contracts with customers is rec-ognised when control of the goods or services is transferred to the customer at an amount that reflects the consideration to which the group expects to be entitled in exchange for those goods or services. The group has gen-erally concluded that it is the principal in its revenue arrangements, because it typically controls the goods or services before transfer-ring them to the customer.The group operates on both fixed price- and cost-plus construction contracts. The con-tracts are for construction of assets with no alternative use, and the group has enforcea-ble rights to payment for performance com-pleted to date. Contract revenue is normally in accordance with the customer agreement. \ue745\ue844\ue94d\ue8cf\ue844\ue869\ue8f5\ue88d\ueeab\ue872\ue91b\ue90c\ue95b\ue8cf\ue87e\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue8cf\ue844\ue8f5\ueeab\ue945\ue88d\ue90c\ue844\ue8f5-ties for delays can impact on the transaction price. Revenues from construction contracts are recognised over time, measuring progress using an input method. Revenue is recognised based on the group\u2019s efforts of inputs to the satisfaction of a performance obligation (for example, resources consumed, labour hours expended, cost incurred or time elapsed) rel-ative to the total expected inputs to the satis-\ue8b1\ue844\ue872\ue969\ue8cf\ue91b\ue90c\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue844\ue969\ueeab\ue945\ue88d\ue94d\ue8b1\ue91b\ue94d\ue906\ue844\ue90c\ue872\ue88d\ueeab\ue91b\ue869\ue8f5\ue8cf\ue8b3\ue844\ue969\ue8cf\ue91b\ue90c\ueeb6\ueeab\ue686\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeabgroup\u2019s efforts or inputs are expended evenly throughout the performance period, it may be appropriate for the entity to recognise rev-\ue88d\ue90c\ue977\ue88d\ueeab\ue91b\ue90c\ueeab\ue844\ueeab\ue95b\ue969\ue94d\ue844\ue8cf\ue8b3\ue8c2\ue969\ueed2\ue8f5\ue8cf\ue90c\ue88d\ueed2\ue869\ue844\ue95b\ue8cf\ue95b\ueeb6\ueeab\ue686\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue872\ue844\ue90c\ueeabreasonably measure its progress towards com-plete satisfaction of the performance obli-gation, the group recognises revenue for a performance obligation satisfied over time. The directors consider that this input method is an appropriate measure of the progress towards complete satisfaction of these perfor-\ue906\ue844\ue90c\ue872\ue88d\ueeab\ue91b\ue869\ue8f5\ue8cf\ue8b3\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee38\ueeb6A contract asset is the right to consideration in exchange for goods or services transferred to \ue969\ue8c2\ue88d\ueeab\ue872\ue977\ue95b\ue969\ue91b\ue906\ue88d\ue94d\ueeb6\ueeab\ue686\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue945\ue88d\ue94d\ue8b1\ue91b\ue94d\ue906\ue95b\ueeab\ue869\ue9a9\ueeab\ue969\ue94d\ue844\ue90c\ue95b-ferring 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 condi-tional. A contract liability is the obligation to trans-fer goods or services to a customer for which the group has received consideration (or an amount of consideration is due) from the cus-\ue969\ue91b\ue906\ue88d\ue94d\ueeb6\ueeab\ue686\ue8b1\ueeab\ue844\ueeab\ue872\ue977\ue95b\ue969\ue91b\ue906\ue88d\ue94d\ueeab\ue945\ue844\ue9a9\ue95b\ueeab\ue872\ue91b\ue90c\ue95b\ue8cf\ue87e\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue869\ue88d\ue8b1\ue91b\ue94d\ue88d\ueeabthe group transfers goods or services to the customer, a contract liability is recognised when the payment is made. Contract liabili-ties are recognised as revenue when the group fulfils the performance obligation(s) under the contract.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s5__10__35": {
"value": "52000000.0",
"decimals": -6,
"dimensions": {
"concept": "MOR:IncreaseDecreaseThroughOtherContributionsByOwnersNonControllingInterests",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00",
"unit": "iso4217:NOK"
}
},
"f1__s8__6__27": {
"value": "Operating segmentsAccounting principles Operating segments are identified based on the group\u2019s internal management and report-ing structure. The group\u2019s chief operating deci-\ue95b\ue8cf\ue91b\ue90c\ueeab\ue906\ue844\ue8ec\ue88d\ue94d\ueeab\ueedc\ue62d\ue6cc\ue638\ue6b7\ueedd\ueeb7\ueeab\ue99d\ue8c2\ue91b\ueeab\ue8cf\ue95b\ueeab\ue94d\ue88d\ue95b\ue945\ue91b\ue90c\ue95b\ue8cf\ue869\ue8f5\ue88d\ueeab\ue8b1\ue91b\ue94d\ueeab\ue969\ue8c2\ue88d\ueeaballocation of resources and assessment of per-formance in the different operating segments, is defined as the group CEO. The main performance indicator for segment \ue94d\ue88d\ue945\ue91b\ue94d\ue969\ue8cf\ue90c\ue8b3\ueeab\ue8cf\ue95b\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue88d\ue9a6\ue872\ue8f5\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee39\ueeb6\ueeab\ue70a\ue88d\ue88d\ueeab\ue601\ue8f5\ue969\ue88d\ue94d\ue90c\ue844-tive Performance Measures for the definition \ue91b\ue8b1\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue88d\ue9a6\ue872\ue8f5\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee39\ueeb6\ueeab\ue625\ue88d\ue872\ue844\ue977\ue95b\ue88d\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue906\ue844\ue90c-ages long-term debt and taxes on a group basis, Profit before tax and Profit of the year is presented only for the group. Recognition and measurement applied to segment reporting are consistent with the accounting principles applied when preparing the consolidated financial statements. Trans-fer prices between operating segments are on an arm\u2019s-length basis in a manner similar to \ue969\ue94d\ue844\ue90c\ue95b\ue844\ue872\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue969\ue8c2\ue8cf\ue94d\ue87e\ueeab\ue945\ue844\ue94d\ue969\ue8cf\ue88d\ue95b\ueeb6\ueeab\ue686\ue90c\ue969\ue88d\ue94d\ueed2\ue95b\ue88d\ue8b3\ue906\ue88d\ue90c\ue969\ueeabrevenues are eliminated upon consolidation and reflected in the adjustments and elimina-tions column.Moreld Apply Moreld Apply focuses primarily on offshore and onshore maintenance and modification projects, delivering services from concept development through to project completion. The company has a strong presence on the Norwegian Continental Shelf (NCS), where its largest activity lies in maintenance and modifi-cation of existing assets, ensuring operational efficiency and safety across a variety of off-shore installations.Ocean Installer\ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d\ueeab\ue95b\ue945\ue88d\ue872\ue8cf\ue844\ue8f5\ue8cf\ue95b\ue88d\ue95b\ueeab\ue8cf\ue90c\ueeab\ue95b\ue977\ue869\ue95b\ue88d\ue844\ueeab\ue872\ue91b\ue90c-struction and installation services, with key operations on the NCS, Western Europe, Med-iterranean, and West Africa. The company plays a pivotal role in supporting operators as they develop existing fields and tie in new resources, contributing to the ongoing growth of the subsea sector.Global Maritime\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueeab\ue945\ue94d\ue91b\ue998\ue8cf\ue87e\ue88d\ue95b\ueeab\ue844\ueeab\ue99d\ue8cf\ue87e\ue88d\ueeab\ue844\ue94d\ue94d\ue844\ue9a9\ueeab\ue91b\ue8b1\ueeab\ue88d\ue90c\ue8b3\ue8cf-neering solutions within the marine and off-shore sectors, particularly in renewables and oil & gas. The company is particularly active in marine operations, marine warranty services, and geosciences, offering expertise to ensure the safe, efficient, and sustainable develop-ment of projects across the North Sea and Mediterranean regions.\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue601\ue945\ue945\ue8f5\ue9a9\ueeab\ue844\ue90c\ue87e\ueeab\ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d\ueeab\ue87e\ue88d\ue8f5\ue8cf\ue998\ue88d\ue94d\ue88d\ue87e\ueeab\ue969\ue91b\ueeaba single major customer which represented 50 per cent of total revenues in 2025 (2024: 52 per cent). Moreld has several long-term con-tracts with this customer, which is a large international oil company. The two operat-ing segments also delivered to another major international oil company which represented 10 per cent of total revenues in 2025 (2024: \uee34\uee35\ueeab\ue945\ue88d\ue94d\ueeab\ue872\ue88d\ue90c\ue969\ueedd\ueeb6\ueeab\ue686\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d\ueeab\ue844\ue90c\ue87e\ueeab\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueeab\ue87e\ue88d\ue8f5\ue8cf\ue998\ue88d\ue94d\ue88d\ue87e\ueeab\ue969\ue91b\ueeab\ue844\ueeab\ue969\ue8c2\ue8cf\ue94d\ue87e\ueeab\ue906\ue844\ue8e5\ue91b\ue94d\ueeabinternational oil company which represented 14 per cent of total revenues in 2025 (2024: 5 per cent).Segment reporting for the year ended 31 December 2025 Moreld Ocean \ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeabTotal Adjustments and 1)Amounts in NOK thousandApply\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94dMaritimesegmentseliminationsConsolidatedRevenueExternal customers 4 610 368 4 411 621 809 525 9 831 514 6 815 9 838 329\ue686\ue90c\ue969\ue88d\ue94d\ueed2\ue95b\ue88d\ue8b3\ue906\ue88d\ue90c\ue969 5 981 1 714 18 665 26 360 (26 360) -Total revenue and other operating income 4 616 349 4 413 335 828 190 9 857 874 (19 545) 9 838 329Cost of sales (2 629 130) (1 817 136) (283 765) (4 730 032) 5 378 (4 724 654)Salaries and personnel expenses (1 444 226) (533 684) (419 657) (2 397 567) (29 291) (2 426 858)Other operating expenses (215 994) (135 831) (82 044) (433 870) (27 858) (461 728)EBITDA 327 000 1 926 683 42 723 2 296 406 (71 317) 2 225 089Lease cost (74 194) (1 061 687) (14 628) (1 150 509) - (1 150 509)EBITDA excl. IFRS 16 lease cost 252 806 864 996 28 095 1 145 897 (71 317) 1 074 580\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue844\ue90c\ue87e\ueeab\ue844\ue906\ue91b\ue94d\ue969\ue8cf\ue95b\ue844\ue969\ue8cf\ue91b\ue90c (89 795) (957 305) (17 984) (1 065 083) (338 334) (1 403 418)Share of results of associates (11 160) - - (11 160) - (11 160)Segment profit 226 045 969 379 24 739 1 220 162 (409 651) 810 512Total assets 2 135 155 2 314 079 367 483 4 816 718 975 942 5 792 660Total liabilities 1 240 726 2 259 045 208 509 3 708 280 1 293 898 5 002 178Other disclosures\ue686\ue90c\ue998\ue88d\ue95b\ue969\ue906\ue88d\ue90c\ue969\ueeab\ue8cf\ue90c\ueeab\ue844\ue95b\ue95b\ue91b\ue872\ue8cf\ue844\ue969\ue88d\ue95b 11 160 - - 11 160 (11 160) -Capital expenditure 65 501 9 449 5 566 80 516 11 158 91 6741) The column for adjustments and eliminations include operations in Moreld Aqua, corporate functions and effects from business combinations. Segment reporting for the year ended 31 December 2024 Moreld Ocean \ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeabTotal Adjustments and 2)Maritimesegmentseliminations1)Amounts in NOK thousandApply\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94dConsolidatedRevenueExternal customers 3 783 714 2 481 270 869 913 7 134 896 1 482 7 136 379\ue686\ue90c\ue969\ue88d\ue94d\ueed2\ue95b\ue88d\ue8b3\ue906\ue88d\ue90c\ue969 18 302 - 11 495 29 797 (29 797) - Total revenue and other operating income 3 802 016 2 481 270 881 408 7 164 693 (28 315) 7 136 379 Cost of sales (1 919 958) (876 354) (307 984) (3 104 296) 18 395 (3 085 902) Salaries and personnel expenses (1 335 843) (320 098) (414 241) (2 070 183) (41 135) (2 111 317) Other operating expenses (193 472) (116 566) (80 907) (390 945) (24 952) (415 898) EBITDA 352 743 1 168 250 78 276 1 599 269 (76 007) 1 523 262 Lease cost (69 756) (810 844) (13 420) (894 020) - (894 020) EBITDA excl. IFRS 16 lease cost 282 987 357 406 64 856 705 249 (76 077) 629 243 \ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue844\ue90c\ue87e\ueeab\ue844\ue906\ue91b\ue94d\ue969\ue8cf\ue95b\ue844\ue969\ue8cf\ue91b\ue90c (80 584) (763 467) (15 789) (859 840) (208 854) (1 068 694) Share of results of associates (7 920) - - (7 920) - (7 920) Segment profit 264 239 404 783 62 487 731 509 (284 861) 446 648 Total assets 1 882 639 3 695 255 385 174 5 963 068 1 224 840 7 187 909Total liabilities 1 317 304 3 302 559 216 247 4 836 110 1 653 867 6 489 976 Other disclosures\ue686\ue90c\ue998\ue88d\ue95b\ue969\ue906\ue88d\ue90c\ue969\ueeab\ue8cf\ue90c\ueeab\ue844\ue95b\ue95b\ue91b\ue872\ue8cf\ue844\ue969\ue88d\ue95b - - - - - - Capital expenditure 43 220 15 955 4 335 63 510 235 867 299 377 1) The column for adjustments and eliminations include operations in Moreld Aqua, corporate functions and effects from business combinations. 2) Ocean Installer is only included from the acquisition date 28 June 2024.Reconciliation of segment operating result to net profit Amounts in NOK thousand 2025 2024\ue70a\ue88d\ue8b3\ue906\ue88d\ue90c\ue969\ueeab\ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue90c\ue8b3\ueeab\ue94d\ue88d\ue95b\ue977\ue8f5\ue969\ueeab\ueedc\ue648\ue625\ue686\ue717\ueedd\ueeab 810 512 446 648 Net financial expenses (433 231) (1 392 244) Net profit / (-loss) before tax 377 280 (945 596) \ue686\ue90c\ue872\ue91b\ue906\ue88d\ueeab\ue969\ue844\ue9a6\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d (92 626) 70 607 Net profit / (-loss) for the period after tax before discontinued operations 284 654 (874 989) Estimated future revenue recognition from current performance obligations at 31 December 2025 Amounts in NOK thousand Order backlog 31.12.2025 2026 2027 and laterApply 2 134 666 1 809 999 324 667\ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d\ueeab 3 320 000 2 345 000 975 000\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d 474 200 419 703 54 497Moreld Group 5 928 866 4 574 702 1 354 164",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__28": {
"value": "Accounting principles Operating segments are identified based on the group\u2019s internal management and report-ing structure. The group\u2019s chief operating deci-\ue95b\ue8cf\ue91b\ue90c\ueeab\ue906\ue844\ue8ec\ue88d\ue94d\ueeab\ueedc\ue62d\ue6cc\ue638\ue6b7\ueedd\ueeb7\ueeab\ue99d\ue8c2\ue91b\ueeab\ue8cf\ue95b\ueeab\ue94d\ue88d\ue95b\ue945\ue91b\ue90c\ue95b\ue8cf\ue869\ue8f5\ue88d\ueeab\ue8b1\ue91b\ue94d\ueeab\ue969\ue8c2\ue88d\ueeaballocation of resources and assessment of per-formance in the different operating segments, is defined as the group CEO. The main performance indicator for segment \ue94d\ue88d\ue945\ue91b\ue94d\ue969\ue8cf\ue90c\ue8b3\ueeab\ue8cf\ue95b\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue88d\ue9a6\ue872\ue8f5\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee39\ueeb6\ueeab\ue70a\ue88d\ue88d\ueeab\ue601\ue8f5\ue969\ue88d\ue94d\ue90c\ue844-tive Performance Measures for the definition \ue91b\ue8b1\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue88d\ue9a6\ue872\ue8f5\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee39\ueeb6\ueeab\ue625\ue88d\ue872\ue844\ue977\ue95b\ue88d\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue906\ue844\ue90c-ages long-term debt and taxes on a group basis, Profit before tax and Profit of the year is presented only for the group. Recognition and measurement applied to segment reporting are consistent with the accounting principles applied when preparing the consolidated financial statements. Trans-fer prices between operating segments are on an arm\u2019s-length basis in a manner similar to \ue969\ue94d\ue844\ue90c\ue95b\ue844\ue872\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue969\ue8c2\ue8cf\ue94d\ue87e\ueeab\ue945\ue844\ue94d\ue969\ue8cf\ue88d\ue95b\ueeb6\ueeab\ue686\ue90c\ue969\ue88d\ue94d\ueed2\ue95b\ue88d\ue8b3\ue906\ue88d\ue90c\ue969\ueeabrevenues are eliminated upon consolidation and reflected in the adjustments and elimina-tions column.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__30": {
"value": "Business combinationsAcquisition of Ocean Installer Moreld completed the acquisition of Ocean \ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d\ueeab\ue91b\ue90c\ueeab\uee35\uee3b\ueeab\ue69b\ue977\ue90c\ue88d\ueeab\uee35\uee33\uee35\uee37\ueeb6\ueeab\ue638\ue88d\ue969\ue844\ue8cf\ue8f5\ue95b\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue969\ue94d\ue844\ue90c\ue95b-action, including consideration transferred, identifiable assets acquired, and liabilities assumed, were disclosed in note 6 of the 2024 consolidated financial statements.There have been no changes to the provisional amounts recognised at the acquisition date, and the measurement period ended in 2025. No adjustments were made in 2025.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__31": {
"value": "Acquisition of Ocean Installer Moreld completed the acquisition of Ocean \ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d\ueeab\ue91b\ue90c\ueeab\uee35\uee3b\ueeab\ue69b\ue977\ue90c\ue88d\ueeab\uee35\uee33\uee35\uee37\ueeb6\ueeab\ue638\ue88d\ue969\ue844\ue8cf\ue8f5\ue95b\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue969\ue94d\ue844\ue90c\ue95b-action, including consideration transferred, identifiable assets acquired, and liabilities assumed, were disclosed in note 6 of the 2024 consolidated financial statements.There have been no changes to the provisional amounts recognised at the acquisition date, and the measurement period ended in 2025. No adjustments were made in 2025.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__32": {
"value": "Discontinued operationsDivestment of Ross Offshore On 17 June 2024, Moreld completed the dis-posal of Ross Offshore, which was classified as a discontinued operation in accordance with \ue686\ue66b\ue6fe\ue70a\ueeab\uee38\ueeb6\ueeab\ue638\ue88d\ue969\ue844\ue8cf\ue8f5\ue95b\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue969\ue94d\ue844\ue90c\ue95b\ue844\ue872\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue8cf\ue90c\ue872\ue8f5\ue977\ue87e\ue8cf\ue90c\ue8b3\ueeab\ue969\ue8c2\ue88d\ueeabgain on disposal and the results of the discon-tinued operation, were disclosed in note 7 of the consolidated financial statements for 2024.There have been no changes to the amounts recognised in respect of the discontinued operation since the disposal date. No adjust-ments were made in 2025.Divestment of Capnor On 29 October 2025, the group, through its wholly owned subsidiary Apply AS divested its 67 per cent ownership interests in Capnor \ue601\ue70a\ueeab\ueedc\ue62d\ue844\ue945\ue90c\ue91b\ue94d\ueedd\ueeab\ue969\ue91b\ueeab\ue67a\ue844\ue99d\ue8ec\ueeab\ue686\ue90c\ue8b1\ue8cf\ue90c\ue8cf\ue969\ue9a9\ueeab\ue70a\ue91b\ue8b1\ue969\ue99d\ue844\ue94d\ue88d\ueeab\ue601\ue70a\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeabtransaction is in line with Moreld\u2019s strategy to optimise its portfolio and capital allocation. Cap-nor is presented as discontinued operations in the consolidated statement of profit and loss as it was recognised as a separate cash-generating unit under the Moreld Apply-segment.The net profit after tax from discontinued operations is NOK 25.1 million on 100 per cent basis and relates to the net profit in the owner \ue945\ue88d\ue94d\ue8cf\ue91b\ue87e\ueeab\ue977\ue945\ueeab\ue969\ue91b\ueeab\ue844\ue90c\ue87e\ueeab\ue8cf\ue90c\ue872\ue8f5\ue977\ue87e\ue8cf\ue90c\ue8b3\ueeab\ue6cc\ue872\ue969\ue91b\ue869\ue88d\ue94d\ueeb6\ueeab\ue686\ue90c\ue969\ue88d\ue94d\ue872\ue91b\ue906-\ue945\ue844\ue90c\ue9a9\ueeab\ue969\ue94d\ue844\ue90c\ue95b\ue844\ue872\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue869\ue88d\ue969\ue99d\ue88d\ue88d\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue66e\ue94d\ue91b\ue977\ue945\ueeaband the disposed business have been elim-inated in continuing operations. There is no expected tax expense related to sale of the shareholding.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfDiscontinuedOperationsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__33": {
"value": "Cost of goods sold Amounts in NOK thousand 2025 2024Cost of goods sold 2 953 625 2 415 363Cost of handling 17 365 -Cost of consultancy and engineering 1 753 664 670 538Total 4 724 654 3 085 901",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCostOfSalesExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__34-1": {
"value": "Employee benefit expenseAmounts in NOK thousand 2025 2024Salaries and wages (excl. bonuses) 1 881 648 1 654 161Bonuses 75 960 53 956Social security tax 291 259 255 482Pension costs 121 795 95 161Other benefits 56 196 52 558Total personnel expenses 2 426 858 2 111 317Average number of full-time equivalents during the year 2 014 2 013Amounts in NOK thousand 2025 2024Salaries and personal expense included in cost of sales - - \ue70a\ue844\ue8f5\ue844\ue94d\ue8cf\ue88d\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue945\ue88d\ue94d\ue95b\ue91b\ue90c\ue844\ue8f5\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d\ueeab\ue8cf\ue90c\ue872\ue8f5\ue977\ue87e\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue6fe\uef11\ue638 26 972 11 171 Total 26 972 11 171 Pension The group has established pension schemes that are classified as defined contribution plans. The pension schemes are in line with the requirements of the law. Contributions to the defined contribution schemes are recog-nised in the consolidated statement of profit or loss in the period in which the contribu-tion amounts are earned by the employees. The defined contribution plans do not commit the group beyond the amounts contributed. \ue717\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueef3\ue95b\ueeab\ue90c\ue91b\ue90c\ueed2\ue6bd\ue91b\ue94d\ue99d\ue88d\ue8b3\ue8cf\ue844\ue90c\ueeab\ue95b\ue977\ue869\ue95b\ue8cf\ue87e\ue8cf\ue844\ue94d\ue8cf\ue88d\ue95b\ueeab\ue8c2\ue844\ue998\ue88d\ueeabseparate defined contribution plans for their employees which are adapted to national rules and regulations.\ue686\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue601\ue869\ue977\ueeab\ue638\ue8c2\ue844\ue869\ue8cf\ueeab\ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue91b\ue8b1\ueeab\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeabMaritime is required to offer a defined benefit plan as per rules provided by the UAE labour laws. The company books provision every year for this liability based on the entitlement at the end of each year. An actuarial valuation of the defined benefit plan is carried out, and provi-sion is made in the accounts as per the recom-mendations made by the actuary. A total of 37 (2024: 35) employees was part of the defined benefit plan as of end of 2025, and the total pension liability amounted to NOK 9.9 million (2024: NOK 6.5 million).Remuneration of executive group management teamThe remuneration of the executive group management is based on a fixed salary, includ-ing personal benefits such as free telephone and health insurance, a variable group per-formance bonus scheme and pension bene-fits. The executive group management is also part of the management incentive program and the employee share program described in note 10 Share-based payments. The payout from the group performance bonus scheme is based on the financial performance of the group and the individual\u2019s achievement of \ue969\ue8c2\ue88d\ue8cf\ue94d\ueeab\ue945\ue88d\ue94d\ue95b\ue91b\ue90c\ue844\ue8f5\ueeab\ue969\ue844\ue94d\ue8b3\ue88d\ue969\ue95b\ueeb6\ueeab\ue686\ue969\ueeab\ue8cf\ue95b\ueeab\ue969\ue8c2\ue88d\ueeab\ue869\ue91b\ue844\ue94d\ue87e\ueeab\ue91b\ue8b1\ueeab\ue87e\ue8cf\ue94d\ue88d\ue872-tors that authorises the guidelines for the remuneration of the executive group manage-\ue906\ue88d\ue90c\ue969\ueeab\ue88d\ue844\ue872\ue8c2\ueeab\ue9a9\ue88d\ue844\ue94d\ueeb7\ueeab\ue99d\ue8c2\ue8cf\ue872\ue8c2\ueeab\ue8cf\ue95b\ueeab\ue869\ue844\ue95b\ue88d\ue87e\ueeab\ue91b\ue90c\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueef3\ue95b\ueeabguidelines for remuneration of executive per-sonnel as approved by the annual general meeting.For further information, please see the exec-utive remuneration report that will be pre-sented for an advisory vote on the annual general meeting of Moreld ASA on 19 May 2026 and published on moreld.com following \ue969\ue8c2\ue88d\ueeab\ue601\ue66e\ue6b7\ueeb6Remuneration of executive group management in 2025Amounts in NOK thousand Salary \ue745\ue844\ue94d\ue8cf\ue844\ue869\ue8f5\ue88d\ueeab\ue945\ue844\ue9a9 Other benefits Total benefits\ue66e\ue88d\ue8cf\ue94d\ueeab\ue601\ue977\ue95b\ue969\ue8cf\ue8b3\ue844\ue94d\ue87e\ueeab\ueedc\ue62d\ue648\ue6cc\ueedd 5 467 4 225 117 9 809Trond Rosnes (CFO) 3 906 3 019 240 7 165\ue69f\ue88d\ue998\ue8cf\ue90c\ueeab\ue6b7\ue977\ue94d\ue945\ue8c2\ue9a9\ueeab\ueedc\ue62d\ue648\ue6cc\ueeab\ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d\ueedd 4 829 6 000 186 11 015\ue69f\ue844\ue94d\ue95b\ue969\ue88d\ue90c\ueeab\ue66e\ue977\ue87e\ue906\ue977\ue90c\ue87e\ue95b\ue88d\ue969\ueeab\ueedc\ue62d\ue648\ue6cc\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue601\ue945\ue945\ue8f5\ue9a9\ueedd 4 096 1 295 137 5 528\ue69b\ue91b\ue8c2\ue90c\ue90c\ue9a9\ueeab\ue6a7\ue91b\ue8b3\ue844\ue90c\ueeab\ueedc\ue62d\ue648\ue6cc\ueeab\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueedd 3 216 626 144 3 986Total 21 514 15 165 825 37 504Ownership interest for the executive group management Holding Ownership Executivecompanyinterest 31.12.2025\ue66e\ue88d\ue8cf\ue94d\ueeab\ue601\ue977\ue95b\ue969\ue8cf\ue8b3\ue844\ue94d\ue87e\ueeab\ueedc\ue62d\ue648\ue6cc\ueedd Oddakilen AS and L-Coaching AS 2.70%Trond Rosnes (CFO) \ue70a\ue88d\ue95b\ue90c\ue844\ueeab\ue686\ue90c\ue998\ue88d\ue95b\ue969\ueeab\ue601\ue70a 1.37%\ue69f\ue88d\ue998\ue8cf\ue90c\ueeab\ue6b7\ue977\ue94d\ue945\ue8c2\ue9a9\ueeab\ueedc\ue62d\ue648\ue6cc\ueeab\ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d\ueedd \ue638\ue91b\ue99d\ue90c\ueeab\ue724\ue90c\ue87e\ue88d\ue94d\ueeab\ue67a\ue91b\ue8f5\ue87e\ue8cf\ue90c\ue8b3\ueeab\ue601\ue70a 1.53%\ue69f\ue844\ue94d\ue95b\ue969\ue88d\ue90c\ueeab\ue66e\ue977\ue87e\ue906\ue977\ue90c\ue87e\ue95b\ue88d\ue969\ueeab\ueedc\ue62d\ue648\ue6cc\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue601\ue945\ue945\ue8f5\ue9a9\ueedd \ue70a\ue91b\ue8f5\ue844\ue90c\ue844\ueeab\ue686\ue90c\ue998\ue88d\ue95b\ue969\ueeab\ue601\ue70a 0.55%\ue69b\ue91b\ue8c2\ue90c\ue90c\ue9a9\ueeab\ue6a7\ue91b\ue8b3\ue844\ue90c\ueeab\ueedc\ue62d\ue648\ue6cc\ueeab\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueedd n.a. 0.17%Total 6.32%Remuneration of the board of directors in 2025Amounts in NOK thousand Board remuneration Total reportable benefits\ue69b\ue977\ue8f5\ue8cf\ue844\ue90c\ueeab\ue6b7\ue872\ue686\ue90c\ue969\ue9a9\ue94d\ue88d\ueeab\ueedc\ue872\ue8c2\ue844\ue8cf\ue94d\ueedd\ueeab 512 512\ue6b7\ue844\ue94d\ue8ec\ueeab\ue638\ue8cf\ue872\ue8ec\ue8cf\ue90c\ue95b\ue91b\ue90c\ueeab\ueedc\ue87e\ue8cf\ue94d\ue88d\ue872\ue969\ue91b\ue94d\ueedd 512 512Ole Slorer (director) 512 512 1)\ue66e\ue94d\ue88d\ue969\ue8c2\ue88d\ueeab\ue69f\ue94d\ue8cf\ue95b\ue969\ue8cf\ue90c\ueeab\ue6b7\ue91b\ue88d\ue90c\ueeab\ueedc\ue87e\ue8cf\ue94d\ue88d\ue872\ue969\ue91b\ue94d\ueedd297 297 1)Sian Lloyd Rees (director)297 297 1)\ue745\ue88d\ue90c\ue8ec\ue844\ue969\ueeab\ue70a\ue8cf\ue998\ue844\ueeab\ueedc\ue8b1\ue91b\ue94d\ue906\ue88d\ue94d\ueeab\ue87e\ue8cf\ue94d\ue88d\ue872\ue969\ue91b\ue94d\ueedd206 206 1)Neil Hartley (former director)216 216Trond Rosnes (former director) 127 127Total 2 679 2 6791) Grethe Kristin Moen and Sian Lloyd Rees were elected as directors on the annual general meeting in Moreld in May 2025. At the same time, Venkat Siva and Neil Hartley resigned as directors.Ownership interest for the board of directors Ownership \ue638\ue8cf\ue94d\ue88d\ue872\ue969\ue91b\ue94d Holding companyinterest 31.12.2025\ue69b\ue977\ue8f5\ue8cf\ue844\ue90c\ueeab\ue6b7\ue872\ue686\ue90c\ue969\ue9a9\ue94d\ue88d Allard 2 Ltd 29.79%\ue6b7\ue844\ue94d\ue8ec\ueeab\ue638\ue8cf\ue872\ue8ec\ue8cf\ue90c\ue95b\ue91b\ue90c \ue745\ue88d\ue8f5\ue91b\ue872\ue8cf\ue969\ue9a9\ueeab\ue6f6\ue844\ue94d\ue969\ue90c\ue88d\ue94d\ue95b 2.40%Ole Slorer n.a. 0.20%Total 32.39%Related party transactionsThe board of directors ensures that any material transaction between the company and Shareholders, a Shareholder\u2019s par-ent company, members of the board of directors, executive per-sonnel, or close associates of any such parties will be entered into on arm\u2019s length terms. The board of directors has adopted rules of procedures for the board of directors which inter alia includes guidelines for notification by members of the board of directors and executive management if they have any mate-rial direct or indirect interest in any transaction entered into by the company. Balances and transactions between the company and its subsidiaries have been eliminated on consolidation and are eliminated in the consolidated accounts. The group has had transactions with the following related parties:\ue6cc\ue90c\ueeab\uee34\uee35\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab\uee35\uee33\uee35\uee37\ueeb7\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue601\ue70a\ue601\ueeab\ue88d\ue90c\ue969\ue88d\ue94d\ue88d\ue87e\ueeab\ue8cf\ue90c\ue969\ue91b\ueeab\ue872\ue91b\ue90c\ue95b\ue977\ue8f5\ue969\ue844\ue90c\ue872\ue9a9\ueeabagreements with each of MWB (UK) Management Ltd (wholly \ue91b\ue99d\ue90c\ue88d\ue87e\ueeab\ue869\ue9a9\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue8c2\ue844\ue8cf\ue94d\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue869\ue91b\ue844\ue94d\ue87e\ueeb7\ueeab\ue69b\ue977\ue8f5\ue8cf\ue844\ue90c\ueeab\ue6b7\ue872\ue686\ue90c\ue969\ue9a9\ue94d\ue88d\ueedd\ueeab\ue844\ue90c\ue87e\ueeab\ue6fe\ue844\ue945\ue8cf\ue87e\ue8cf\ue969\ue88d\ueeab\ue6a7\ue8cf\ue906\ue8cf\ue969\ue88d\ue87e\ueeab\ueedc\ue99d\ue8c2\ue91b\ue8f5\ue8f5\ue9a9\ueeab\ue91b\ue99d\ue90c\ue88d\ue87e\ueeab\ue869\ue9a9\ueeab\ue87e\ue8cf\ue94d\ue88d\ue872\ue969\ue91b\ue94d\ueeab\ue6b7\ue844\ue94d\ue8ec\ueeab\ue638\ue8cf\ue872\ue8ec\ue8cf\ue90c\ue95b\ue91b\ue90c\ueedd\ueeb6\ueeab\ue6f6\ue977\ue94d\ue95b\ue977\ue844\ue90c\ue969\ueeab\ue969\ue91b\ueeab\ue969\ue8c2\ue88d\ue95b\ue88d\ueeab\ue844\ue8b3\ue94d\ue88d\ue88d\ue906\ue88d\ue90c\ue969\ue95b\ueeb7\ueeab\ue6b7\ue94d\ueeb6\ueeab\ue6b7\ue872\ue686\ue90c\ue969\ue9a9\ue94d\ue88d\ueeab\ue844\ue90c\ue87e\ueeab\ue6b7\ue94d\ueeb6\ueeab\ue638\ue8cf\ue872\ue8ec\ue8cf\ue90c\ue95b\ue91b\ue90c\ueeab\ue95b\ue8c2\ue844\ue8f5\ue8f5\ueeab\ue945\ue94d\ue91b\ue998\ue8cf\ue87e\ue88d\ueeabthe company with strategic advice, including on matters related \ue969\ue91b\ueeab\ue8b3\ue88d\ue90c\ue88d\ue94d\ue844\ue8f5\ueeab\ue872\ue91b\ue94d\ue945\ue91b\ue94d\ue844\ue969\ue88d\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue88d\ueeb7\ueeab\ue6b7\uef11\ue601\ueeab\ue844\ue90c\ue87e\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue8cf\ue90c\ue8b3\ueeb6\ueeab\ue6b7\ue94d\ueeb6\ueeab\ue6b7\ue872\ue686\ue90c\ue969\ue9a9\ue94d\ue88d\ueeab\ue844\ue90c\ue87e\ueeab\ue6b7\ue94d\ueeb6\ueeab\ue638\ue8cf\ue872\ue8ec\ue8cf\ue90c\ue95b\ue91b\ue90c\ueeab\ue95b\ue8c2\ue844\ue8f5\ue8f5\ueeab\ue88d\ue844\ue872\ue8c2\ueeb7\ueeab\ue969\ue8c2\ue94d\ue91b\ue977\ue8b3\ue8c2\ueeab\ue969\ue8c2\ue88d\ue8cf\ue94d\ueeab\ue8c2\ue91b\ue8f5\ue87e\ue8cf\ue90c\ue8b3\ueeab\ue872\ue91b\ue906\ue945\ue844\ue90c\ue8cf\ue88d\ue95b\ueeb7\ueeab\ue94d\ue88d\ue872\ue88d\ue8cf\ue998\ue88d\ueeab\ue844\ueeab\ue906\ue91b\ue90c\ue969\ue8c2\ue8f5\ue9a9\ueeab\ue8b1\ue88d\ue88d\ueeab\ue91b\ue8b1\ueeab\ue724\ue70a\ue638\ueeab\uee35\uee38\ueeab\uee33\uee33\uee33\ueeab\ue8b1\ue91b\ue94d\ueeab\ue95b\ue977\ue872\ue8c2\ueeab\ue95b\ue88d\ue94d\ue998\ue8cf\ue872\ue88d\ue95b\ueeb7\ueeab\ue945\ue844\ue8cf\ue87e\ueeab\ue8cf\ue90c\ueeabarrears, in addition to any remuneration received in their capac-ity as directors. The agreements have a term of two years, sub-ject to extensions by Moreld. Moreld has also the right to reduce \ue969\ue8c2\ue88d\ueeab\ue844\ue90c\ue90c\ue977\ue844\ue8f5\ueeab\ue94d\ue88d\ue906\ue977\ue90c\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue969\ue91b\ueeab\ue88d\ue844\ue872\ue8c2\ueeab\ue91b\ue8b1\ueeab\ue6b7\ue94d\ueeb6\ueeab\ue6b7\ue872\ue686\ue90c\ue969\ue9a9\ue94d\ue88d\ueeab\ue844\ue90c\ue87e\ueeab\ue6b7\ue94d\ueeb6\ueeab\ue638\ue8cf\ue872\ue8ec-inson to nil if either of them sells more than 50 per cent of their shares in the company.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__37": {
"value": "Share-based payments Accounting principlesEmployee Share ProgramMoreld ASA has established an Employee Share Program (ESP) designed to align employees\u2019 interests with those of sharehold-ers and to support long-term value creation, retention, and attraction of key personnel. The program was implemented in August 2025 and is offered to all employees across the group. Under the ESP, employees may purchase shares in Moreld ASA at the average mar-ket price during a defined acquisition period. Participation limits are determined as a per-centage of the employee\u2019s annual base salary. Participants are entitled to receive match-ing shares at no cost, subject to continued employment and retention of the purchased shares. Matching shares vest in two tranches, with 50 per cent vesting after two years and the remaining 50 per cent after three years from the grant date. The ESP is classified as an equity-settled share-based payment arrangement in accord-\ue844\ue90c\ue872\ue88d\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee35\ueeab\ue70a\ue8c2\ue844\ue94d\ue88d\ueed2\ue869\ue844\ue95b\ue88d\ue87e\ueeab\ue6f6\ue844\ue9a9\ue906\ue88d\ue90c\ue969\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeabfair value of the matching shares is measured at the grant date and recognised as a person-nel expense over the vesting period. The total recognised cost related to the program in 2025 was NOK 2.4 million.Management Incentive Program (MIP)\ue686\ue90c\ueeab\uee35\uee33\uee35\uee37\ueeb7\ueeab\ue945\ue94d\ue8cf\ue91b\ue94d\ueeab\ue969\ue91b\ueeab\ue969\ue8c2\ue88d\ueeab\ue686\ue90c\ue8cf\ue969\ue8cf\ue844\ue8f5\ueeab\ue6f6\ue977\ue869\ue8f5\ue8cf\ue872\ueeab\ue6cc\ue8b1\ue8b1\ue88d\ue94d\ue8cf\ue90c\ue8b3\ueeb7\ueeabMoreld initiated a management incentive pro-\ue8b3\ue94d\ue844\ue906\ueeab\ueedc\ue6b7\ue686\ue6f6\ueedd\ueeab\ue8b1\ue91b\ue94d\ueeab\ue906\ue88d\ue906\ue869\ue88d\ue94d\ue95b\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue906\ue844\ue90c\ue844\ue8b3\ue88d\ue906\ue88d\ue90c\ue969\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeab\ue6b7\ue686\ue6f6\ueeab\ue99d\ue844\ue95b\ueeab\ue869\ue844\ue95b\ue88d\ue87e\ueeab\ue91b\ue90c\ueeab\ue945\ue844\ue94d\ue969\ue8cf\ue872\ue8cf\ue945\ue844\ue90c\ue969\ue95b\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue945\ue94d\ue91b-gram acquiring shares in Moreld at fair mar-ket value. These shares are subject to lock-up schedules. The purchase price for the shares acquired \ue869\ue9a9\ueeab\ue969\ue8c2\ue88d\ueeab\ue6b7\ue686\ue6f6\ueeab\ue945\ue844\ue94d\ue969\ue8cf\ue872\ue8cf\ue945\ue844\ue90c\ue969\ue95b\ueeb7\ueeab\ue99d\ue844\ue95b\ueeab\ue945\ue844\ue94d\ue969\ue8f5\ue9a9\ueeab\ue95b\ue88d\ue969\ue969\ue8f5\ue88d\ue87e\ueeabby cash payment from the participants and partly by a loan to the participants, equal-\ue8f5\ue8cf\ue90c\ue8b3\ueeab\uee3c\uee33\ueeab\ue945\ue88d\ue94d\ueeab\ue872\ue88d\ue90c\ue969\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue945\ue844\ue94d\ue969\ue8cf\ue872\ue8cf\ue945\ue844\ue90c\ue969\ue95b\ueef3\ueeab\ue945\ue977\ue94d\ue872\ue8c2\ue844\ue95b\ue88d\ueeabprice for the shares. The loan accrues interest \ue844\ue969\ueeab\ue906\ue844\ue94d\ue8ec\ue88d\ue969\ueed2\ue94d\ue844\ue969\ue88d\ue95b\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeab\ue6b7\ue686\ue6f6\ueeab\ue8cf\ue90c\ue872\ue8f5\ue977\ue87e\ue88d\ue95b\ueeab\ue872\ue977\ue95b\ue969\ue91b\ue906\ue844\ue94d\ue9a9\ueeabprovisions such as a call option for the bene-fit of the company if the relevant participant is no longer employed in Moreld, lock-up pro-visions, non-compete, and non-solicitation \ue945\ue94d\ue91b\ue998\ue8cf\ue95b\ue8cf\ue91b\ue90c\ue95b\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeab\ue8f5\ue91b\ue844\ue90c\ueeab\ue8b3\ue8cf\ue998\ue88d\ue90c\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ueeab\ue969\ue8c2\ue88d\ueeab\ue6b7\ue686\ue6f6\ueeab\ue8c2\ue844\ue95b\ueeab\ue869\ue88d\ue88d\ue90c\ueeab\ue872\ue91b\ue90c\ue95b\ue8cf\ue87e\ue88d\ue94d\ue88d\ue87e\ueeab\ue844\ue90c\ueeab\ue844\ue94d\ue94d\ue844\ue90c\ue8b3\ue88d\ue906\ue88d\ue90c\ue969\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab2 and the cost associated with the program has been accounted for as a salary expense. At the end of 2025, NOK 6.1 million was outstand-ing under the loan agreement, which will be repaid in full in 2026. For 2025, NOK 1.9 million \ue8c2\ue844\ue95b\ueeab\ue869\ue88d\ue88d\ue90c\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d\ue87e\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee35\ueeab\ue94d\ue88d\ue8f5\ue844\ue969\ue88d\ue87e\ueeab\ue969\ue91b\ueeab\ue969\ue8c2\ue88d\ueeabprogram.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__39": {
"value": "Other operating expensesAmounts in NOK thousand 2025 2024Premises expenses 38 632 40 947 Consultancy fees and external personnel 86 944 118 806 Repair and maintenance costs 189 361 Rental and leasing costs 5 488 4 425 Auditor remuneration 13 248 15 067 \ue686\ue717\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d\ue95b 96 512 93 136 Provision for bad debts (1 338) 1 981 Travel cost 80 195 65 617 \ue686\ue90c\ue95b\ue977\ue94d\ue844\ue90c\ue872\ue88d\ueeab\ue872\ue91b\ue95b\ue969 27 929 18 823 Other operating expenses 113 928 56 735 Total other operating expenses 461 728 415 898 Auditor remuneration (excluding VAT and excluding discontinued operations)Amounts in NOK thousand 2025 2024Remuneration to appointed audit firm for the group 9 525 4 290Remuneration to other audit firms 3 723 10 777 Total auditor remuneration 13 248 15 067 Auditor remuneration to appointed audit firm for the groupAmounts in NOK thousand 2025 2024Audit fee 7 369 1 750Audit related fee, incl. attestation services 1 302 1 938 Attestation of Sustainability Report 445 -Tax services 409 489 Other non-audit related assistance - 114 Total auditor remuneration 9 525 4 290",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__40": {
"value": "Auditor remuneration (excluding VAT and excluding discontinued operations)Amounts in NOK thousand 2025 2024Remuneration to appointed audit firm for the group 9 525 4 290Remuneration to other audit firms 3 723 10 777 Total auditor remuneration 13 248 15 067 Auditor remuneration to appointed audit firm for the groupAmounts in NOK thousand 2025 2024Audit fee 7 369 1 750Audit related fee, incl. attestation services 1 302 1 938 Attestation of Sustainability Report 445 -Tax services 409 489 Other non-audit related assistance - 114 Total auditor remuneration 9 525 4 290",
"dimensions": {
"concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__42": {
"value": "Goodwill Accounting principles\ue66e\ue91b\ue91b\ue87e\ue99d\ue8cf\ue8f5\ue8f5\ueeab\ue8cf\ue95b\ueeab\ue8cf\ue90c\ue8cf\ue969\ue8cf\ue844\ue8f5\ue8f5\ue9a9\ueeab\ue906\ue88d\ue844\ue95b\ue977\ue94d\ue88d\ue87e\ueeab\ue844\ue969\ueeab\ue872\ue91b\ue95b\ue969\ueeb7\ueeab\ue869\ue88d\ue8cf\ue90c\ue8b3\ueeabthe excess of the aggregate of the considera-tion transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed. After initial recognition, goodwill is measured at cost less any accumulated impairment losses.For impairment testing, goodwill acquired in a business combination is, from the acqui-sition date, allocated to each of the group\u2019s cash-generating units that are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units. \ue66e\ue91b\ue91b\ue87e\ue99d\ue8cf\ue8f5\ue8f5\ueeab\ue8cf\ue95b\ueeab\ue969\ue88d\ue95b\ue969\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab\ue88d\ue844\ue872\ue8c2\ueeab\ue9a9\ue88d\ue844\ue94d\ueeab\ue8b1\ue91b\ue94d\ueeabimpairment or whenever there is an indication that the goodwill may be impaired. An impair-ment loss is recognised when the recovera-ble amount is below the carrying amount. The recoverable amount is the higher of fair value less cost of disposal and value in use. The value in use calculation is based on discounted cash \ue8b1\ue8f5\ue91b\ue99d\ueeab\ue906\ue91b\ue87e\ue88d\ue8f5\ueeab\ueedc\ue638\ue62d\ue66b\ueedd\ueeb6\ueeab\ue601\ue90c\ue9a9\ueeab\ue8cf\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8cf\ue95b\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3-nised in the income statement.Significant estimatesThe group uses the value in use method, determined by discounted cash flow, to calcu-late recoverable amounts for cash flow-gen-erating units. Expected cash flow is based on budgets and long-term plans approved by Moreld\u2019s executive management and board, covering a three-year period. After the three years, the next seven years and the terminal value has been estimated based on three sce-narios for the future, which has been assigned weights based on management\u2019s assump-tions about the future development of the \ue8b3\ue94d\ue91b\ue977\ue945\ueeb6\ueeab\ue74b\ue8c2\ue8cf\ue8f5\ue88d\ueeab\ue686\ue601\ue70a\ueeab\uee36\uee39\ueeab\ue8b3\ue88d\ue90c\ue88d\ue94d\ue844\ue8f5\ue8f5\ue9a9\ueeab\ue94d\ue88d\ue8b1\ue88d\ue94d\ue95b\ueeab\ue969\ue91b\ueeab\ue844\ueeab\ue8b1\ue8cf\ue998\ue88d\ueed2year horizon, management considers a longer period appropriate due the highly cyclical nature of the industry in which Moreld oper-ate. The group uses anticipated cash flows and discount rates after tax, which would not differ significantly if calculated before tax. \ue686\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue969\ue88d\ue95b\ue969\ue8cf\ue90c\ue8b3\ueeab\ue8cf\ue95b\ueeab\ue869\ue844\ue95b\ue88d\ue87e\ueeab\ue91b\ue90c\ueeab\ue95b\ue88d\ue998\ue88d\ue94d\ue844\ue8f5\ueeab\ue95b\ue8cf\ue8b3\ue90c\ue8cf\ue8b1\ue8cf-cant estimates, including: Discount rateThe discount rate is calculated based on the weighted average cost of capital (WACC). Management utilises a WACC based on mar-ket indicators externally observed to estimate an unbiased WACC. The cost of debt is calcu-lated based on the pricing of Moreld\u2019s exter-nal debt. The cost of equity is based on the risk-free rate and market risk premium and adjusted with an equity beta derived from a listed peer group. The equity beta is based on the unlevered beta from the peer group, and re-levered to reflect the leverage ratio utilised. The WACC is always updated to reflect the rel-evant period when it is being used as an input. For the impairment test in 2025, the discount rate after tax is 10.9 per cent. EBITDA excl. IFRS 16-margin \ue717\ue8c2\ue88d\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue88d\ue9a6\ue872\ue8f5\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee39\ueed2\ue906\ue844\ue94d\ue8b3\ue8cf\ue90c\ueeab\ueedc\ue648\ue625\ue686\ue717\ue638\ue601\ueed2\ue906\ue844\ue94d-gin) is forecasted for each cash flow-generat-ing unit based on future expectations. For the \ue969\ue8c2\ue94d\ue88d\ue88d\ueed2\ue9a9\ue88d\ue844\ue94d\ueeab\ue8b1\ue91b\ue94d\ue88d\ue872\ue844\ue95b\ue969\ueeab\ue945\ue88d\ue94d\ue8cf\ue91b\ue87e\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueed2\ue906\ue844\ue94d\ue8b3\ue8cf\ue90c\ueeabis based on assumptions in the long-term plan which again is based on detailed bottom-up analyses. For the period following the forecast \ue945\ue88d\ue94d\ue8cf\ue91b\ue87e\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueed2\ue906\ue844\ue94d\ue8b3\ue8cf\ue90c\ueeab\ue8cf\ue95b\ueeab\ue869\ue844\ue95b\ue88d\ue87e\ueeab\ue91b\ue90c\ueeab\ue8c2\ue8cf\ue95b\ue969\ue91b\ue94d\ue8cf-cal averages and managements expectation forthe future. Nominal growth rateThe growth rate following the end of the fore-cast period is based on management\u2019s expec-tations of market trends. Stable growth rates are used to extrapolate cash flows in the ter-minal period, not exceeding the industry\u2019s expected long-term growth rate. Inflation The inflation rate is based on the long-term inflation target used by the central bank of Norway. For the impairment test in 2025, the inflation rate is 3.0 per cent.Main assumptions used for impairment testing in 2025The table below summarises the main assumptions for the base case in the terminal period. Moreld Apply \ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueeab \ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d\ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue88d\ue9a6\ue872\ue8f5\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee39\ueed2\ue906\ue844\ue94d\ue8b3\ue8cf\ue90c 5.0% 6.0% 10.0%Long-term nominal growth rate 0.0% 0.0% 0.0%\ue686\ue90c\ueeab\ue872\ue91b\ue90c\ue90c\ue88d\ue872\ue969\ue8cf\ue91b\ue90c\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue969\ue8c2\ue88d\ueeab\ue844\ue90c\ue90c\ue977\ue844\ue8f5\ueeab\ue8cf\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeabtests of goodwill, the group performs sensitiv-ity analyses for each individual cash-generat-ing unit. The tests are performed by assessing \ue969\ue8c2\ue88d\ueeab\ue95b\ue88d\ue90c\ue95b\ue8cf\ue969\ue8cf\ue998\ue8cf\ue969\ue9a9\ueeab\ue91b\ue8b1\ueeab\ue8ec\ue88d\ue9a9\ueeab\ue88d\ue95b\ue969\ue8cf\ue906\ue844\ue969\ue88d\ue95b\ueeb7\ueeab\ue95b\ue977\ue872\ue8c2\ueeab\ue844\ue95b\ueeab\ue648\ue625\ue686\ue717-\ue638\ue601\ueed2\ue906\ue844\ue94d\ue8b3\ue8cf\ue90c\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue969\ue8c2\ue88d\ueeab\ue74b\ue601\ue62d\ue62d\ueeb6The sensitivity analyses indicate significant \ue8c2\ue88d\ue844\ue87e\ue94d\ue91b\ue91b\ue906\ueeab\ue8b1\ue91b\ue94d\ueeab\ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d\ueeab\ue844\ue90c\ue87e\ueeab\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d-itime, meaning that the recoverable amounts \ue8b1\ue91b\ue94d\ueeab\ue969\ue8c2\ue88d\ue95b\ue88d\ueeab\ue62d\ue66e\ue724\ue95b\ueeab\ue88d\ue9a6\ue872\ue88d\ue88d\ue87e\ueeab\ue969\ue8c2\ue88d\ue8cf\ue94d\ueeab\ue872\ue844\ue94d\ue94d\ue9a9\ue8cf\ue90c\ue8b3\ueeab\ue844\ue906\ue91b\ue977\ue90c\ue969\ue95b\ueeabby a substantial margin, even when key assumptions are stressed within reasona-bly possible ranges. Accordingly, no reasona-bly possible change in the key assumptions is expected to result in an impairment of good-\ue99d\ue8cf\ue8f5\ue8f5\ueeab\ue8b1\ue91b\ue94d\ueeab\ue969\ue8c2\ue88d\ue95b\ue88d\ueeab\ue62d\ue66e\ue724\ue95b\ueeb6The impairment test for Moreld Apply also shows that the recoverable amount exceeds the carrying amount by NOK 383 million. Sen-sitivity analyses have been performed by var-ying key assumptions. A reduction in the \ue8b1\ue91b\ue94d\ue88d\ue872\ue844\ue95b\ue969\ue88d\ue87e\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue88d\ue9a6\ue872\ue8f5\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee39\ueed2\ue906\ue844\ue94d\ue8b3\ue8cf\ue90c\ueeab\ue844\ue872\ue94d\ue91b\ue95b\ue95b\ueeaball future years of 1.5 percentage points would eliminate the headroom and result in an impairment situation.\ue62d\ue8c2\ue844\ue90c\ue8b3\ue88d\ue95b\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue906\ue844\ue94d\ue8b3\ue8cf\ue90c\ueeab\ue844\ue94d\ue88d\ueeab\ue872\ue91b\ue90c\ue95b\ue8cf\ue87e-ered the most important sensitivity measure in the impairment test for Moreld Apply, as the margin assumption has a direct and mate-rial impact on future operating cash flows and therefore on the recoverable amount. Com-pared with other assumptions, relatively small \ue872\ue8c2\ue844\ue90c\ue8b3\ue88d\ue95b\ueeab\ue8cf\ue90c\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue906\ue844\ue94d\ue8b3\ue8cf\ue90c\ueeab\ue99d\ue8cf\ue8f5\ue8f5\ueeab\ue844\ue8b1\ue8b1\ue88d\ue872\ue969\ueeab\ue969\ue8c2\ue88d\ueeab\ue945\ue94d\ue91b-jected cash generation in each forecast year and, through the terminal value, can have a pronounced effect on the value in use.\ue717\ue8c2\ue88d\ueeab\ue8b1\ue91b\ue94d\ue88d\ue872\ue844\ue95b\ue969\ue88d\ue87e\ueeab\ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue88d\ue9a6\ue872\ue8f5\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee39\ueed2\ue906\ue844\ue94d\ue8b3\ue8cf\ue90c\ue95b\ueeabapplied in the impairment test are anchored \ue8cf\ue90c\ueeab\ue8c2\ue8cf\ue95b\ue969\ue91b\ue94d\ue8cf\ue872\ue844\ue8f5\ueeab\ue844\ue998\ue88d\ue94d\ue844\ue8b3\ue88d\ue95b\ueeab\ue8b1\ue91b\ue94d\ueeab\ue969\ue8c2\ue88d\ueeab\ue62d\ue66e\ue724\ueeb7\ueeab\ue869\ue977\ue969\ueeab\ue844\ue94d\ue88d\ueeabmodelled to reflect the cyclicality typical for the oilservice industry. Accordingly, the mar-gin profile incorporates expected upturns and downturns over the planning horizon rather than assuming a constant margin level, con-sistent with observed historical performance patterns and management\u2019s view of the mar-ket cycle.No impairment of goodwill has been recog-nised in 2025.Amounts in NOK thousand Moreld Apply \ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d Ross offshore \ue6cc\ue872\ue88d\ue844\ue90c\ueeab\ue686\ue90c\ue95b\ue969\ue844\ue8f5\ue8f5\ue88d\ue94d Total Acquisition cost at 31 December 2023 490 909 11 669 46 218 - 548 796Additions from business combinations in the year - 1 668 - 457 530 459 198\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d (76 644) - (46 218) - (122 862)Acquisition cost at 31 December 2024 414 265 13 337 - 457 530 885 132Additions from business combinations in the year - - - - -\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d - - - - -Acquisition cost at 31 December 2025 414 265 13 337 - 457 530 885 132Accumulated amortisation at 31 December 2023 - - - - -\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d - - - - -\ue686\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8f5\ue91b\ue95b\ue95b - - - - -Accumulated amortisation at 31 December 2024 - - - - -\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d - - - - -\ue686\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8f5\ue91b\ue95b\ue95b - - - - -Accumulated amortisation at 31 December 2025 - - - - -Net carrying amount at 31 December 2023 490 909 11 669 46 218 - 548 796Net carrying amount at 31 December 2024 414 265 13 337 - 457 530 885 132Net carrying amount at 31 December 2025 414 265 13 337 - 457 530 885 132",
"dimensions": {
"concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__43": {
"value": "Accounting principles\ue66e\ue91b\ue91b\ue87e\ue99d\ue8cf\ue8f5\ue8f5\ueeab\ue8cf\ue95b\ueeab\ue8cf\ue90c\ue8cf\ue969\ue8cf\ue844\ue8f5\ue8f5\ue9a9\ueeab\ue906\ue88d\ue844\ue95b\ue977\ue94d\ue88d\ue87e\ueeab\ue844\ue969\ueeab\ue872\ue91b\ue95b\ue969\ueeb7\ueeab\ue869\ue88d\ue8cf\ue90c\ue8b3\ueeabthe excess of the aggregate of the considera-tion transferred and the amount recognised for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed. After initial recognition, goodwill is measured at cost less any accumulated impairment losses.For impairment testing, goodwill acquired in a business combination is, from the acqui-sition date, allocated to each of the group\u2019s cash-generating units that are expected to benefit from the combination, irrespective of whether other assets or liabilities of the acquiree are assigned to those units. \ue66e\ue91b\ue91b\ue87e\ue99d\ue8cf\ue8f5\ue8f5\ueeab\ue8cf\ue95b\ueeab\ue969\ue88d\ue95b\ue969\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab\ue88d\ue844\ue872\ue8c2\ueeab\ue9a9\ue88d\ue844\ue94d\ueeab\ue8b1\ue91b\ue94d\ueeabimpairment or whenever there is an indication that the goodwill may be impaired. An impair-ment loss is recognised when the recovera-ble amount is below the carrying amount. The recoverable amount is the higher of fair value less cost of disposal and value in use. The value in use calculation is based on discounted cash \ue8b1\ue8f5\ue91b\ue99d\ueeab\ue906\ue91b\ue87e\ue88d\ue8f5\ueeab\ueedc\ue638\ue62d\ue66b\ueedd\ueeb6\ueeab\ue601\ue90c\ue9a9\ueeab\ue8cf\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8cf\ue95b\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3-nised in the income statement.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__45": {
"value": "Intangible assets Accounting principles\ue686\ue90c\ue969\ue844\ue90c\ue8b3\ue8cf\ue869\ue8f5\ue88d\ueeab\ue844\ue95b\ue95b\ue88d\ue969\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3\ue90c\ue8cf\ue95b\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue844\ue872\ue872\ue91b\ue94d\ue87e-\ue844\ue90c\ue872\ue88d\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue91b\ue95b\ue969\ueeab\ue906\ue88d\ue969\ue8c2\ue91b\ue87e\ueeab\ue91b\ue8b1\ueeab\ue686\ue601\ue70a\ueeab\uee36\uee3b\ueeb6\ueeab\ue686\ue90c\ue969\ue844\ue90c\ue8b3\ue8cf-ble assets that have been acquired separately are carried at cost. The costs of intangible assets acquired through an acquisition are rec-ognised at their fair value as identified through the purchase price allocations. Capitalised intangible assets are recognised at cost less \ue844\ue90c\ue9a9\ueeab\ue844\ue906\ue91b\ue94d\ue969\ue8cf\ue95b\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue844\ue90c\ue87e\ueeab\ue8cf\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8f5\ue91b\ue95b\ue95b\ue88d\ue95b\ueeb6\ueeab\ue686\ue90c\ue969\ue88d\ue94d-nally generated intangible assets, excluding capitalised development costs, are not capital-\ue8cf\ue95b\ue88d\ue87e\ueeab\ue869\ue977\ue969\ueeab\ue844\ue94d\ue88d\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d\ue87e\ueeab\ue844\ue95b\ueeab\ue8cf\ue90c\ue872\ue977\ue94d\ue94d\ue88d\ue87e\ueeb6\ueeab\ue686\ue90c\ue969\ue844\ue90c\ue8b3\ue8cf\ue869\ue8f5\ue88d\ueeabassets with a definite economic life are amor-tised over their economic life and tested for \ue8cf\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8cf\ue8b1\ueeab\ue969\ue8c2\ue88d\ue94d\ue88d\ueeab\ue844\ue94d\ue88d\ueeab\ue844\ue90c\ue9a9\ueeab\ue8cf\ue90c\ue87e\ue8cf\ue872\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeb6\ueeab\ue686\ue90c\ue969\ue844\ue90c-gible assets with an indefinite economic life are tested for impairment at least once a year, either individually or as a part of a cash-gen-erating unit. Amounts paid for patents and licenses are capitalised and amortised on a straight-line basis over the expected useful life. Expenses linked to the purchase of new soft-ware are capitalised as an intangible asset pro-vided these expenses do not form part of the hardware acquisition costs. Software is capi-talised if the arrangement fulfils the criteria in \ue686\ue601\ue70a\ueeab\uee36\uee3b\ueeab\ue969\ue91b\ueeab\ue869\ue88d\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3\ue90c\ue8cf\ue95b\ue88d\ue87e\ueeab\ue844\ue95b\ueeab\ue844\ue90c\ueeab\ue8cf\ue90c\ue969\ue844\ue90c\ue8b3\ue8cf\ue869\ue8f5\ue88d\ueeab\ue844\ue95b\ue95b\ue88d\ue969\ueeb6\ueeabFor software that is hosted outside the enti-ty\u2019s own infrastructure (software-as-a-service), \ue872\ue844\ue945\ue8cf\ue969\ue844\ue8f5\ue8cf\ue95b\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue8cf\ue95b\ueeab\ue91b\ue90c\ue8f5\ue9a9\ueeab\ue87e\ue91b\ue90c\ue88d\ueeab\ue8cf\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue94d\ue8cf\ue969\ue88d\ue94d\ue8cf\ue844\ueeab\ue8cf\ue90c\ueeab\ue686\ue601\ue70a\ueeab38 are fulfilled, and the group obtains control of the software. Software is depreciated on a straight-line basis over the estimated eco-nomic life. Costs incurred because of maintain-ing or upholding the future utility of software is expensed unless the changes in the soft-ware increase the future economic benefits from the software.Expenditure on research activities is recog-nised as an expense in the period in which it is incurred. An internally generated intangible asset arising from development (or from the development phase of an internal project) is recognised if, and only if, all the following con-ditions have been demonstrated:\ue62f\ue62fThe technical feasibility of completing the intangible asset will make it available for use or sale\ue62f\ue62fThe intention is to complete the intangible asset and use or sell it\ue62f\ue62fThe ability to use or sell the intangible asset\ue62f\ue62fThe intangible asset will generate probable future economic benefits\ue62f\ue62fAdequate technical, financial and other resources to complete the development and to use or sell the intangible asset is available \ue62f\ue62fThe expenditure attributable to the intan-gible asset during its development can be measured reliable The amount initially recognised for internally generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition cri-teria listed above. Where no internally gen-erated intangible asset can be recognised, development expenditure is recognised in profit or loss in the period in which it is incurred. After initial recognition, internally generated intangi-ble assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately.Research and Patents and licenses with Order backlog identified in Amounts in NOK thousanddevelopmentdefinite useful livesBusiness Combinations TotalAcquisition cost at 31 December 2023 39 813 51 459 242 645 333 916Additions from business combinations in the year - 4 963 266 718 271 681Additions in the year 30 668 2 512 - 33 180\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d (2 696) - - (2 696)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d\ueeab\ue87e\ue977\ue88d\ueeab\ue969\ue91b\ueeab\ue87e\ue8cf\ue95b\ue872\ue91b\ue90c\ue969\ue8cf\ue90c\ue977\ue88d\ue87e\ueeab\ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c (39 902) (6 877) - (46 779)Net foreign currency exchange differences - 129 - 129Acquisition cost at 31 December 2024 27 884 52 185 509 363 589 432Additions in the year 5 788 55 010 - 60 798\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d - (988) (988)Net foreign currency exchange differences - 14 - 14Acquisition cost at 31 December 2025 33 671 106 221 509 363 649 255Accumulated amortisation at 31 December 2023 - - - -\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d\ueeab\ue87e\ue977\ue88d\ueeab\ue969\ue91b\ueeab\ue87e\ue8cf\ue95b\ue872\ue91b\ue90c\ue969\ue8cf\ue90c\ue977\ue88d\ue87e\ueeab\ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c 6 714 6 421 - 13 135Amortisation expense (16 096) (3 444) (102 422) (121 961)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d 2 696 - - 2 696\ue686\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8f5\ue91b\ue95b\ue95b - - - -Net foreign currency exchange differences 882 (777) - 104Accumulated amortisation at 31 December 2024 (5 805) 2 200 (102 422) (106 026)Amortisation expense (3 011) (18 831) (140 982) (162 824)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d - 791 - 791\ue686\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8f5\ue91b\ue95b\ue95b - (1 752) - (1 752)Net foreign currency exchange differences - (115) - (115)Accumulated amortisation at 31 December 2025 (8 816) (17 708) (243 403) (269 927)Net carrying amount at 31 December 2023 39 813 51 459 242 645 333 916Net carrying amount at 31 December 2024 22 079 54 385 406 941 483 405Net carrying amount at 31 December 2025 24 855 88 514 265 960 379 328Estimated useful life 2-5 years 3-10 years 2-5 years\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue906\ue88d\ue969\ue8c2\ue91b\ue87e Linear Linear Linear",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__46": {
"value": "Accounting principles\ue686\ue90c\ue969\ue844\ue90c\ue8b3\ue8cf\ue869\ue8f5\ue88d\ueeab\ue844\ue95b\ue95b\ue88d\ue969\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3\ue90c\ue8cf\ue95b\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue844\ue872\ue872\ue91b\ue94d\ue87e-\ue844\ue90c\ue872\ue88d\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue91b\ue95b\ue969\ueeab\ue906\ue88d\ue969\ue8c2\ue91b\ue87e\ueeab\ue91b\ue8b1\ueeab\ue686\ue601\ue70a\ueeab\uee36\uee3b\ueeb6\ueeab\ue686\ue90c\ue969\ue844\ue90c\ue8b3\ue8cf-ble assets that have been acquired separately are carried at cost. The costs of intangible assets acquired through an acquisition are rec-ognised at their fair value as identified through the purchase price allocations. Capitalised intangible assets are recognised at cost less \ue844\ue90c\ue9a9\ueeab\ue844\ue906\ue91b\ue94d\ue969\ue8cf\ue95b\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue844\ue90c\ue87e\ueeab\ue8cf\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8f5\ue91b\ue95b\ue95b\ue88d\ue95b\ueeb6\ueeab\ue686\ue90c\ue969\ue88d\ue94d-nally generated intangible assets, excluding capitalised development costs, are not capital-\ue8cf\ue95b\ue88d\ue87e\ueeab\ue869\ue977\ue969\ueeab\ue844\ue94d\ue88d\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d\ue87e\ueeab\ue844\ue95b\ueeab\ue8cf\ue90c\ue872\ue977\ue94d\ue94d\ue88d\ue87e\ueeb6\ueeab\ue686\ue90c\ue969\ue844\ue90c\ue8b3\ue8cf\ue869\ue8f5\ue88d\ueeabassets with a definite economic life are amor-tised over their economic life and tested for \ue8cf\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8cf\ue8b1\ueeab\ue969\ue8c2\ue88d\ue94d\ue88d\ueeab\ue844\ue94d\ue88d\ueeab\ue844\ue90c\ue9a9\ueeab\ue8cf\ue90c\ue87e\ue8cf\ue872\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeb6\ueeab\ue686\ue90c\ue969\ue844\ue90c-gible assets with an indefinite economic life are tested for impairment at least once a year, either individually or as a part of a cash-gen-erating unit. Amounts paid for patents and licenses are capitalised and amortised on a straight-line basis over the expected useful life. Expenses linked to the purchase of new soft-ware are capitalised as an intangible asset pro-vided these expenses do not form part of the hardware acquisition costs. Software is capi-talised if the arrangement fulfils the criteria in \ue686\ue601\ue70a\ueeab\uee36\uee3b\ueeab\ue969\ue91b\ueeab\ue869\ue88d\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3\ue90c\ue8cf\ue95b\ue88d\ue87e\ueeab\ue844\ue95b\ueeab\ue844\ue90c\ueeab\ue8cf\ue90c\ue969\ue844\ue90c\ue8b3\ue8cf\ue869\ue8f5\ue88d\ueeab\ue844\ue95b\ue95b\ue88d\ue969\ueeb6\ueeabFor software that is hosted outside the enti-ty\u2019s own infrastructure (software-as-a-service), \ue872\ue844\ue945\ue8cf\ue969\ue844\ue8f5\ue8cf\ue95b\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue8cf\ue95b\ueeab\ue91b\ue90c\ue8f5\ue9a9\ueeab\ue87e\ue91b\ue90c\ue88d\ueeab\ue8cf\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue94d\ue8cf\ue969\ue88d\ue94d\ue8cf\ue844\ueeab\ue8cf\ue90c\ueeab\ue686\ue601\ue70a\ueeab38 are fulfilled, and the group obtains control of the software. Software is depreciated on a straight-line basis over the estimated eco-nomic life. Costs incurred because of maintain-ing or upholding the future utility of software is expensed unless the changes in the soft-ware increase the future economic benefits from the software.Expenditure on research activities is recog-nised as an expense in the period in which it is incurred. An internally generated intangible asset arising from development (or from the development phase of an internal project) is recognised if, and only if, all the following con-ditions have been demonstrated:\ue62f\ue62fThe technical feasibility of completing the intangible asset will make it available for use or sale\ue62f\ue62fThe intention is to complete the intangible asset and use or sell it\ue62f\ue62fThe ability to use or sell the intangible asset\ue62f\ue62fThe intangible asset will generate probable future economic benefits\ue62f\ue62fAdequate technical, financial and other resources to complete the development and to use or sell the intangible asset is available \ue62f\ue62fThe expenditure attributable to the intan-gible asset during its development can be measured reliable The amount initially recognised for internally generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition cri-teria listed above. Where no internally gen-erated intangible asset can be recognised, development expenditure is recognised in profit or loss in the period in which it is incurred. After initial recognition, internally generated intangi-ble assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__48": {
"value": "Property, plant and equipmentAccounting principlesProperty, plant and equipment are valued at cost less any accumulated depreciation and any accumulated impairment losses. Subse-\ue94b\ue977\ue88d\ue90c\ue969\ueeab\ue872\ue91b\ue95b\ue969\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue8cf\ue90c\ue872\ue8f5\ue977\ue87e\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue844\ue95b\ue95b\ue88d\ue969\ueef3\ue95b\ueeab\ue872\ue844\ue94d\ue94d\ue9a9-ing amount when it is probable that future economic benefits associated with the item will flow to the group and the cost of the item \ue872\ue844\ue90c\ueeab\ue869\ue88d\ueeab\ue906\ue88d\ue844\ue95b\ue977\ue94d\ue88d\ue87e\ueeab\ue94d\ue88d\ue8f5\ue8cf\ue844\ue869\ue8f5\ue9a9\ueeb6\ueeab\ue66e\ue88d\ue90c\ue88d\ue94d\ue844\ue8f5\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue87e\ue8cf-ture on repairs and maintenance is recognised \ue844\ue95b\ueeab\ue844\ue90c\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d\ueeab\ue99d\ue8c2\ue88d\ue90c\ueeab\ue8cf\ue90c\ue872\ue977\ue94d\ue94d\ue88d\ue87e\ueeb6\ueeab\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeabis calculated on a straight-line basis over the estimated useful lives of the assets. Property, plant and equipment are derecognised on dis-posal and when no future economic benefits \ue844\ue94d\ue88d\ueeab\ue88d\ue9a6\ue945\ue88d\ue872\ue969\ue88d\ue87e\ueeab\ue8b1\ue94d\ue91b\ue906\ueeab\ue969\ue8c2\ue88d\ue8cf\ue94d\ueeab\ue977\ue95b\ue88d\ueeab\ue91b\ue94d\ueeab\ue87e\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeb6\ueeab\ue66e\ue844\ue8cf\ue90c\ue95b\ueeabor losses arising from derecognition represent the difference between the net disposal pro-ceeds, if any, and the carrying amount, and are included in the statement of profit and loss in the year of derecognition. The residual values, useful lives, and methods of depreciation of property, plant and equipment are reviewed at each financial year end and adjusted prospec-tively, if appropriate. Property, plant and equip-ment are tested for impairment whenever there is objective evidence or indication that these assets may be impaired.Amounts in NOK thousand Building and plants Machinery Equipment TotalAcquisition cost at 31 December 2023 1 240 6 159 40 202 47 601Additions from business combinations in the year - 160 680 8 122 168 802Additions purchased property, plant and equipment 39 10 267 5 363 15 669\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b (526) - - (526)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d\ueeab\ue87e\ue977\ue88d\ueeab\ue969\ue91b\ueeab\ue87e\ue8cf\ue95b\ue872\ue91b\ue90c\ue969\ue8cf\ue90c\ue977\ue88d\ue87e\ueeab\ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c (93) (3 490) (6 880) (10 463)Net foreign currency exchange differences - 191 174 365Acquisition cost at 31 December 2024 659 173 808 46 981 221 448Additions purchased property, plant and equipment - 4 775 18 005 22 780\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b (3) (1 718) (474) (2 195)Net foreign currency exchange differences 26 130 349 505Acquisition cost at 31 December 2025 682 176 994 64 862 242 538Accumulated depreciation at 31 December 2023 - - - -\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d\ueeab\ue87e\ue977\ue88d\ueeab\ue969\ue91b\ueeab\ue87e\ue8cf\ue95b\ue872\ue91b\ue90c\ue969\ue8cf\ue90c\ue977\ue88d\ue87e\ueeab\ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c 41 - - 41\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d (290) (21 910) (3 592) (25 791)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b - - 33 33\ue686\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8f5\ue91b\ue95b\ue95b - - - -Net foreign currency exchange differences (20) - - (20)Accumulated depreciation at 31 December 2024 (268) (21 910) (3 558) (25 736)\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d (493) (31 290) (23 742) (55 526)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b - 1 644 356 2 000\ue686\ue906\ue945\ue844\ue8cf\ue94d\ue906\ue88d\ue90c\ue969\ueeab\ue8f5\ue91b\ue95b\ue95b - - (16) (16)Net foreign currency exchange differences 126 599 (1 217) (492)Accumulated depreciation at 31 December 2025 (636) (50 957) (28 178) (79 771)Net carrying amount at 31 December 2023 1 240 6 159 40 202 47 601Net carrying amount at 31 December 2024 391 151 898 43 423 195 712Net carrying amount at 31 December 2025 46 126 038 36 684 162 768Estimated useful life 3-25 years 3-10 years 3-20 years\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue906\ue88d\ue969\ue8c2\ue91b\ue87e Linear Linear Linear",
"dimensions": {
"concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__49": {
"value": "Accounting principlesProperty, plant and equipment are valued at cost less any accumulated depreciation and any accumulated impairment losses. Subse-\ue94b\ue977\ue88d\ue90c\ue969\ueeab\ue872\ue91b\ue95b\ue969\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue8cf\ue90c\ue872\ue8f5\ue977\ue87e\ue88d\ue87e\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue844\ue95b\ue95b\ue88d\ue969\ueef3\ue95b\ueeab\ue872\ue844\ue94d\ue94d\ue9a9-ing amount when it is probable that future economic benefits associated with the item will flow to the group and the cost of the item \ue872\ue844\ue90c\ueeab\ue869\ue88d\ueeab\ue906\ue88d\ue844\ue95b\ue977\ue94d\ue88d\ue87e\ueeab\ue94d\ue88d\ue8f5\ue8cf\ue844\ue869\ue8f5\ue9a9\ueeb6\ueeab\ue66e\ue88d\ue90c\ue88d\ue94d\ue844\ue8f5\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue87e\ue8cf-ture on repairs and maintenance is recognised \ue844\ue95b\ueeab\ue844\ue90c\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d\ueeab\ue99d\ue8c2\ue88d\ue90c\ueeab\ue8cf\ue90c\ue872\ue977\ue94d\ue94d\ue88d\ue87e\ueeb6\ueeab\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeabis calculated on a straight-line basis over the estimated useful lives of the assets. Property, plant and equipment are derecognised on dis-posal and when no future economic benefits \ue844\ue94d\ue88d\ueeab\ue88d\ue9a6\ue945\ue88d\ue872\ue969\ue88d\ue87e\ueeab\ue8b1\ue94d\ue91b\ue906\ueeab\ue969\ue8c2\ue88d\ue8cf\ue94d\ueeab\ue977\ue95b\ue88d\ueeab\ue91b\ue94d\ueeab\ue87e\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ueeb6\ueeab\ue66e\ue844\ue8cf\ue90c\ue95b\ueeabor losses arising from derecognition represent the difference between the net disposal pro-ceeds, if any, and the carrying amount, and are included in the statement of profit and loss in the year of derecognition. The residual values, useful lives, and methods of depreciation of property, plant and equipment are reviewed at each financial year end and adjusted prospec-tively, if appropriate. Property, plant and equip-ment are tested for impairment whenever there is objective evidence or indication that these assets may be impaired.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__51": {
"value": "Leasing Accounting principlesThe group leases several assets such as off-shore construction vessels, offices and other \ue8b1\ue844\ue872\ue8cf\ue8f5\ue8cf\ue969\ue8cf\ue88d\ue95b\ueeb6\ueeab\ue745\ue88d\ue95b\ue95b\ue88d\ue8f5\ueeab\ue872\ue8c2\ue844\ue94d\ue969\ue88d\ue94d\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue969\ue9a9\ue945\ue8cf\ue872\ue844\ue8f5\ue8f5\ue9a9\ueeab\ue844\ue8b3\ue94d\ue88d\ue88d\ue87e\ueeabusing a day rate applicable for a specified win-\ue87e\ue91b\ue99d\ueeab\ue91b\ue8b1\ueeab\ue969\ue8cf\ue906\ue88d\ueeb6\ueeab\ue601\ueeab\ue906\ue844\ue969\ue88d\ue94d\ue8cf\ue844\ue8f5\ueeab\ue945\ue91b\ue94d\ue969\ue8cf\ue91b\ue90c\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueef3\ue95b\ueeabvessel charters are on terms that do not con-tain any commitments for the group when the vessel is not in use (\"pay as you go\"). For such charters, each vessel call-off is accounted for as a separate lease. Rental contracts for equip-ment and premises are agreed to fixed periods of 2 \u2013 10 years but may have extension options. Lease terms are negotiated on an individual basis and contain a wide range of terms and conditions.The group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. The group recog-nises lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. The group recognises right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impair-ment losses, and adjusted for any remeasure-ment of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the com-mencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. At the commencement date of the lease, the group recognises lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in sub-stance fixed payments) less any lease incen-tives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guar-\ue844\ue90c\ue969\ue88d\ue88d\ue95b\ueeb6\ueeab\ue686\ue90c\ueeab\ue872\ue844\ue8f5\ue872\ue977\ue8f5\ue844\ue969\ue8cf\ue90c\ue8b3\ueeab\ue969\ue8c2\ue88d\ueeab\ue945\ue94d\ue88d\ue95b\ue88d\ue90c\ue969\ueeab\ue998\ue844\ue8f5\ue977\ue88d\ueeab\ue91b\ue8b1\ueeablease payments, the group uses its incremen-tal borrowing rate at the lease commence-ment date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease lia-bilities is increased to reflect the accretion of interest and reduced for the lease payments \ue906\ue844\ue87e\ue88d\ueeb6\ueeab\ue686\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue844\ue94d\ue94d\ue9a9\ue8cf\ue90c\ue8b3\ueeab\ue844\ue906\ue91b\ue977\ue90c\ue969\ueeab\ue91b\ue8b1\ueeablease liabilities is remeasured if there is a mod-ification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease pay-ments) or a change in the assessment of an option to purchase the underlying asset. \ue686\ue90c\ueeab\ue844\ueeab\ue869\ue977\ue95b\ue8cf\ue90c\ue88d\ue95b\ue95b\ueeab\ue872\ue91b\ue906\ue869\ue8cf\ue90c\ue844\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue906\ue88d\ue844\ue95b-ures the lease liability at the present value of the remaining lease payments as if the acquired lease were a new lease at the acquisi-tion date. The group measures the right-of-use asset at the same amount as the lease liability, adjusted to reflect favourable or unfavourable terms of the lease when compared with mar-ket terms. Short-term vessel charters (with a lease term of less than 12 months) are capitalised as right-of-use assets and depreciated. Except for ves-sels, no other short-term leases are capitalised as right-of-use assets and depreciated, as the group applies the short-term lease recognition exemption to its short-term leases of property, motor vehicle and machinery and equipment. The group also applies the recognition exemp-tion for leases of low-value assets. Lease pay-ments under the exemptions are recognised as expense on a straight-line basis over the lease term. Extension and termination options are included in several vessel and property leases across the group. These terms are used to maximise operational flexibility in terms of managing contracts. Extension and termina-tion options are accounted for if the group is reasonably certain that the option will be exer-cised. Significant estimates\ue686\ue90c\ueeab\ue872\ue844\ue8f5\ue872\ue977\ue8f5\ue844\ue969\ue8cf\ue90c\ue8b3\ueeab\ue969\ue8c2\ue88d\ueeab\ue945\ue94d\ue88d\ue95b\ue88d\ue90c\ue969\ueeab\ue998\ue844\ue8f5\ue977\ue88d\ueeab\ue91b\ue8b1\ueeab\ue8f5\ue88d\ue844\ue95b\ue88d\ueeab\ue945\ue844\ue9a9-ments, the group uses its incremental bor-rowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. The incremental borrowing rate is estimated by considering borrowings with a similar term and security to the right-of-use asset. This estimation process involves making assumptions about various factors, such as the term of the borrowing, the security provided, and the economic environ-ment, which can introduce a degree of uncer-tainty and variability to the process. After the commencement date, the amount of lease liabilities is increased to reflect the accre-tion of interest and reduced for the lease pay-\ue906\ue88d\ue90c\ue969\ue95b\ueeab\ue906\ue844\ue87e\ue88d\ueeb6\ueeab\ue686\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue844\ue94d\ue94d\ue9a9\ue8cf\ue90c\ue8b3\ueeab\ue844\ue906\ue91b\ue977\ue90c\ue969\ueeabof lease liabilities is remeasured if there is a modification, a change in the lease term or a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease payments), or when the group acquires new lease agreements as part of business combi-nations. Significant judgementsSignificant judgement is involved when assessing whether option should be recog-nised in a lease agreement. The group recog-nises options if it is reasonably certain that the option will be exercised. This requires consid-eration of all the facts and circumstances that create a significant economic incentive for the group to exercise the option and is ultimately a judgement call that needs to take into consid-eration facts and circumstances specific to the asset being leased, the entity and the wider market. These factors introduce a degree of uncertainty and variability, making the rec-ognition of an option in a lease agreement a complex and judgmental process.Amounts in NOK thousand Buildings and plants \ue745\ue88d\ue95b\ue95b\ue88d\ue8f5\ue95b Other equipment TotalAcquisition cost at 31 December 2023 374 650 - - 374 650Additions from business combinations in the year 65 631 2 182 904 - 2 248 535Additions of right-of-use assets 48 371 1 020 773 1 639 1 070 783\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b - (165 886) - (165 886)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue9a9\ue88d\ue844\ue94d\ueeab\ue87e\ue977\ue88d\ueeab\ue969\ue91b\ueeab\ue87e\ue8cf\ue95b\ue872\ue91b\ue90c\ue969\ue8cf\ue90c\ue977\ue88d\ue87e\ueeab\ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c (4 503) - - (4 503)Net foreign currency exchange differences 530 - - 530Acquisition cost at 31 December 2024 484 679 3 037 791 1 639 3 524 110Additions of right-of-use assets 37 184 548 964 - 586 148\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b (201) (18 249) - (18 449)Net foreign currency exchange differences (250) - - (250)Acquisition cost at 31 December 2025 521 413 3 568 507 1 639 4 091 558Accumulated depreciation at 31 December 2023 - - - -\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeab (67 110) (836 279) (1 350) (904 740)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b (32 949) (511 930) - (544 879)Net foreign currency exchange differences (781) - - (781)Accumulated depreciation at 31 December 2024 (100 840) (1 348 209) (1 350) (1 450 399)\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeab (78 183) (1 104 891) (207) (1 183 281)\ue638\ue8cf\ue95b\ue945\ue91b\ue95b\ue844\ue8f5\ue95b 201 18 249 - 18 449Net foreign currency exchange differences 327 - - 327Accumulated depreciation at 31 December 2025 (178 496) (2 434 851) (1 558) (2 614 905)Net carrying amount at 31 December 2023 374 650 - - 374 650Net carrying amount at 31 December 2024 383 839 1 689 582 289 2 073 710Net carrying amount at 31 December 2025 342 917 1 133 656 81 1 476 653Undiscounted lease liabilities and maturity of cash flowsAmounts in NOK thousand 31.12.2025 31.12.2024Not later than one year 752 359 838 798Later than one year and not later than five years 872 303 1 326 635Later than five years 82 718 148 462 Total future minimum lease payments 1 707 380 2 313 895 Less: amount representing interest (165 955) (286 109) Present value of total lease liabilities 1 541 425 2 027 786 Included in the statement of financial positions asAmounts in NOK thousand 31.12.2025 31.12.2024Current liabilities 745 602 796 873 Non-current liabilities 795 824 1 230 913 Total 1 541 425 2 027 786 Amounts recognised in the statement of profit and loss Amounts in NOK thousand 31.12.2025 31.12.2024Expense from short-term and low value leases (5 488) (4 425)\ue638\ue88d\ue945\ue94d\ue88d\ue872\ue8cf\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue94d\ue8cf\ue8b3\ue8c2\ue969\ueed2\ue91b\ue8b1\ueeab\ue977\ue95b\ue88d\ueeab\ue844\ue95b\ue95b\ue88d\ue969\ue95b\ueeab (1 183 281) (904 037) \ue686\ue90c\ue969\ue88d\ue94d\ue88d\ue95b\ue969\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d\ueeab\ue8b1\ue94d\ue91b\ue906\ueeab\ue8f5\ue88d\ue844\ue95b\ue88d\ueeab\ue8f5\ue8cf\ue844\ue869\ue8cf\ue8f5\ue8cf\ue969\ue8cf\ue88d\ue95b\ueeab (162 090) (115 919) Total (1 350 859) (1 024 382)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfLeasesExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__52": {
"value": "Accounting principlesThe group leases several assets such as off-shore construction vessels, offices and other \ue8b1\ue844\ue872\ue8cf\ue8f5\ue8cf\ue969\ue8cf\ue88d\ue95b\ueeb6\ueeab\ue745\ue88d\ue95b\ue95b\ue88d\ue8f5\ueeab\ue872\ue8c2\ue844\ue94d\ue969\ue88d\ue94d\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue969\ue9a9\ue945\ue8cf\ue872\ue844\ue8f5\ue8f5\ue9a9\ueeab\ue844\ue8b3\ue94d\ue88d\ue88d\ue87e\ueeabusing a day rate applicable for a specified win-\ue87e\ue91b\ue99d\ueeab\ue91b\ue8b1\ueeab\ue969\ue8cf\ue906\ue88d\ueeb6\ueeab\ue601\ueeab\ue906\ue844\ue969\ue88d\ue94d\ue8cf\ue844\ue8f5\ueeab\ue945\ue91b\ue94d\ue969\ue8cf\ue91b\ue90c\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueef3\ue95b\ueeabvessel charters are on terms that do not con-tain any commitments for the group when the vessel is not in use (\"pay as you go\"). For such charters, each vessel call-off is accounted for as a separate lease. Rental contracts for equip-ment and premises are agreed to fixed periods of 2 \u2013 10 years but may have extension options. Lease terms are negotiated on an individual basis and contain a wide range of terms and conditions.The group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period in exchange for consideration. The group recog-nises lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. The group recognises right-of-use assets at the commencement date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impair-ment losses, and adjusted for any remeasure-ment of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the com-mencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. At the commencement date of the lease, the group recognises lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in sub-stance fixed payments) less any lease incen-tives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guar-\ue844\ue90c\ue969\ue88d\ue88d\ue95b\ueeb6\ueeab\ue686\ue90c\ueeab\ue872\ue844\ue8f5\ue872\ue977\ue8f5\ue844\ue969\ue8cf\ue90c\ue8b3\ueeab\ue969\ue8c2\ue88d\ueeab\ue945\ue94d\ue88d\ue95b\ue88d\ue90c\ue969\ueeab\ue998\ue844\ue8f5\ue977\ue88d\ueeab\ue91b\ue8b1\ueeablease payments, the group uses its incremen-tal borrowing rate at the lease commence-ment date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease lia-bilities is increased to reflect the accretion of interest and reduced for the lease payments \ue906\ue844\ue87e\ue88d\ueeb6\ueeab\ue686\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue844\ue94d\ue94d\ue9a9\ue8cf\ue90c\ue8b3\ueeab\ue844\ue906\ue91b\ue977\ue90c\ue969\ueeab\ue91b\ue8b1\ueeablease liabilities is remeasured if there is a mod-ification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease pay-ments) or a change in the assessment of an option to purchase the underlying asset. \ue686\ue90c\ueeab\ue844\ueeab\ue869\ue977\ue95b\ue8cf\ue90c\ue88d\ue95b\ue95b\ueeab\ue872\ue91b\ue906\ue869\ue8cf\ue90c\ue844\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue906\ue88d\ue844\ue95b-ures the lease liability at the present value of the remaining lease payments as if the acquired lease were a new lease at the acquisi-tion date. The group measures the right-of-use asset at the same amount as the lease liability, adjusted to reflect favourable or unfavourable terms of the lease when compared with mar-ket terms. Short-term vessel charters (with a lease term of less than 12 months) are capitalised as right-of-use assets and depreciated. Except for ves-sels, no other short-term leases are capitalised as right-of-use assets and depreciated, as the group applies the short-term lease recognition exemption to its short-term leases of property, motor vehicle and machinery and equipment. The group also applies the recognition exemp-tion for leases of low-value assets. Lease pay-ments under the exemptions are recognised as expense on a straight-line basis over the lease term. Extension and termination options are included in several vessel and property leases across the group. These terms are used to maximise operational flexibility in terms of managing contracts. Extension and termina-tion options are accounted for if the group is reasonably certain that the option will be exer-cised.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__55": {
"value": "Interest-bearing liabilitiesAccounting principlesFinancial liabilities are classified, at initial rec-ognition, as financial liabilities at fair value \ue969\ue8c2\ue94d\ue91b\ue977\ue8b3\ue8c2\ueeab\ue945\ue94d\ue91b\ue8b1\ue8cf\ue969\ueeab\ue91b\ue94d\ueeab\ue8f5\ue91b\ue95b\ue95b\ueeab\ueedc\ue66b\ue745\ue717\ue6f6\ue6a7\ueedd\ueeb7\ueeab\ue8f5\ue91b\ue844\ue90c\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue869\ue91b\ue94d-rowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. All financial liabilities are rec-ognised initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs. The measurement of financial liabilities depends on their classification. Financial liabil-ities at fair value through profit or loss include financial liabilities held for trading and finan-cial liabilities designated upon initial recog-nition as at fair value through profit or loss. This category also includes derivative financial instruments entered by the group that are not designated as hedging instruments in hedge \ue94d\ue88d\ue8f5\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ue8c2\ue8cf\ue945\ue95b\ueeab\ue844\ue95b\ueeab\ue87e\ue88d\ue8b1\ue8cf\ue90c\ue88d\ue87e\ueeab\ue869\ue9a9\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee3c\ueeb6Financial liabilities that are not held for trading \ue91b\ue94d\ueeab\ue87e\ue88d\ue95b\ue8cf\ue8b3\ue90c\ue844\ue969\ue88d\ue87e\ueeab\ue844\ue95b\ueeab\ue844\ue969\ueeab\ue66b\ue745\ue717\ue6f6\ue6a7\ueeb7\ueeab\ue844\ue94d\ue88d\ueeab\ue906\ue88d\ue844\ue95b\ue977\ue94d\ue88d\ue87e\ueeab\ue95b\ue977\ue869-sequently at amortised cost using the effec-tive interest method.A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. When an existing finan-cial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substan-tially modified, such an exchange or modifi-cation is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carry-ing amounts is recognised in the statement of profit or loss.Interest-bearing liabilities at 31 December 2025 (NOK thousand)Nominal Nominal amount Remaining unamortised Net book value Facility Currency Maturityinterest rateat 31.12.2025financing feesat 31.12.2025Senior secured bond \ue724\ue70a\ue638 11 February 2030 9.875% 1 310 283 29 538 1 280 745Interest-bearing liabilities at 31 December 2024 (NOK thousand)Nominal Nominal amount Remaining unamortised Net book value Facility Currency Maturityinterest rateat 31.12.2024financing feesat 31.12.2024Senior Secured Notes \ue724\ue70a\ue638 30 June 2029 12.5% 1 646 243 118 535 1 527 708USD 130 million senior secured bond \ue6cc\ue90c\ueeab\uee34\uee34\ueeab\ue66b\ue88d\ue869\ue94d\ue977\ue844\ue94d\ue9a9\ueeab\uee35\uee33\uee35\uee38\ueeb7\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue601\ue70a\ue601\ueeab\ue8cf\ue95b\ue95b\ue977\ue88d\ue87e\ueeab\ue844\ueeab\ue724\ue70a\ue638\ueeab130 million senior secured bond. The bond was used to repay the existing notes to reduce financing cost and give the group more flexi-bility in the capital structure. The interest rate on the senior secured bond is 9.875 per cent per annum, payable half-yearly. The bond shall be repaid in full at maturity. Moreld can redeem all or part of the outstanding bonds. Up until February 2028 this must be done at a price equal to the make whole amount, while the price following February 2028 is 104.938 per cent. Under the bond terms, Moreld may issue additional bonds through one or more tap issues on the same terms and conditions, subject to approval by the bond trustee and satisfaction of customary conditions prec-edent. The total outstanding bond amount \ue906\ue844\ue9a9\ueeab\ue90c\ue91b\ue969\ueeab\ue88d\ue9a6\ue872\ue88d\ue88d\ue87e\ueeab\ue724\ue70a\ue638\ueeab\uee35\uee33\uee33\ueeab\ue906\ue8cf\ue8f5\ue8f5\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue8cf\ue906\ue945\ue8f5\ue9a9\ue8cf\ue90c\ue8b3\ueeab\ue844\ueeab\ue94d\ue88d\ue906\ue844\ue8cf\ue90c\ue8cf\ue90c\ue8b3\ueeab\ue969\ue844\ue945\ueeab\ue8cf\ue95b\ue95b\ue977\ue88d\ueeab\ue872\ue844\ue945\ue844\ue872\ue8cf\ue969\ue9a9\ueeab\ue91b\ue8b1\ueeab\ue977\ue945\ueeab\ue969\ue91b\ueeab\ue724\ue70a\ue638\ueeab\uee3a\uee33\ueeabmillion at the balance sheet date. The bond is secured with first priority pledge in all shares \ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue906\ue844\ue8e5\ue91b\ue94d\ueeab\ue95b\ue977\ue869\ue95b\ue8cf\ue87e\ue8cf\ue844\ue94d\ue8cf\ue88d\ue95b\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeb6\ueeab\ue686\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf-tion, the bond has first priority pledge over trade receivables, inventory and operating equipment in the same companies.The covenants tied to the group\u2019s financial condition for the senior secured bond is that the minimum liquidity including readily avail-able and undrawn commitments under any \ue945\ue88d\ue94d\ue906\ue8cf\ue969\ue969\ue88d\ue87e\ueeab\ue6fe\ue62d\ue66b\ueeb7\ueeab\ue906\ue977\ue95b\ue969\ueeab\ue844\ue8f5\ue99d\ue844\ue9a9\ue95b\ueeab\ue88d\ue9a6\ue872\ue88d\ue88d\ue87e\ueeab\ue724\ue70a\ue638\ueeab\uee35\uee33\ueeabmillion and that the interest coverage ratio must be higher than 2.00. The interest cov-erage ratio should be calculated based on \ue648\ue625\ue686\ue717\ue638\ue601\ueeab\ue88d\ue9a6\ue872\ue8f5\ueeb6\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee39\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue99d\ue88d\ue94d\ue88d\ueeab\ue8cf\ue90c\ueeab\ue872\ue91b\ue906-\ue945\ue8f5\ue8cf\ue844\ue90c\ue872\ue88d\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue91b\ue998\ue88d\ue90c\ue844\ue90c\ue969\ue95b\ueeab\ue844\ue969\ueeab\uee36\uee34\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab2025. The group expects that it will be in com-pliance with the covenants in 2026.Liquidity risk at 31 December 2025 Amounts in NOK thousand Carrying amount Contractual cashflows Next year Between two and five years More than five yearsUnhedged bond issues 1 280 745 2 345 407 129 390 2 216 016 -Leasing liabilities 1 541 425 1 707 380 752 359 872 303 82 718Accounts payable 610 696 610 696 610 696 - -Total 3 432 866 4 663 483 1 492 446 3 088 319 82 718Liquidity risk at 31 December 2024 Amounts in NOK thousand Carrying amount Contractual cashflows Next year Between two and five years More than five yearsUnhedged bond issues 1 527 708 2 551 677 205 780 2 345 896 -Leasing liabilities 2 027 786 2 313 895 838 798 1 326 635 148 462Accounts payable 754 988 754 988 754 988 - -Total 4 310 482 5 620 560 1 799 567 3 672 531 148 462Available credit linesAmounts in NOK thousand 31.12.2025 31.12.2024Total credit lines 200 000 205 019Utilised - -Available credit at end of period 200 000 205 019Moreld has a Revolving Credit Facility (RCF) in place with Sparebank 1 S\u00f8r-Norge ASA. The RCF is secured with first priority pledge in all shares in the major subsidiaries of the group. \ue686\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue6fe\ue62d\ue66b\ueeab\ue8c2\ue844\ue95b\ueeab\ue8b1\ue8cf\ue94d\ue95b\ue969\ueeab\ue945\ue94d\ue8cf\ue91b\ue94d\ue8cf\ue969\ue9a9\ueeab\ue945\ue8f5\ue88d\ue87e\ue8b3\ue88d\ueeabover trade receivables, inventory and operat-ing equipment in the same companies. The coventants for the RCF mirrors the covenants \ue8b1\ue91b\ue94d\ueeab\ue969\ue8c2\ue88d\ueeab\ue724\ue70a\ue638\ueeab\uee34\uee36\uee33\ueeab\ue906\ue8cf\ue8f5\ue8f5\ue8cf\ue91b\ue90c\ueeab\ue95b\ue88d\ue90c\ue8cf\ue91b\ue94d\ueeab\ue95b\ue88d\ue872\ue977\ue94d\ue88d\ue87e\ueeab\ue869\ue91b\ue90c\ue87e\ueeb7\ueeabbut in addition the potential amount to be drawn from the RCF is limited to a certain level \ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeed\ue95b\ueeab\ue99d\ue91b\ue94d\ue8ec\ue8cf\ue90c\ue8b3\ueeab\ue872\ue844\ue945\ue8cf\ue969\ue844\ue8f5\ueeb6\ueeab\ue601\ue95b\ueeab\ue91b\ue8b1\ueeab\uee36\uee34\ueeab\ue638\ue88d\ue872\ue88d\ue906-ber 2025, the revolving credit facility was undrawn, and the group complied with the covenants. The group expects that it will be in compliance with the covenants in 2026. Changes in liabilities arising from financing activities in 2025 Effect from Effect from 1 January Cash discontinued business New \uee36\uee34\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeabAmounts in NOK thousand2025flowsoperationscombinationsleases Other2025Lease liabilities 2 027 786 (1 080 072) - - 567 699 26 013 1 541 425Non-current interest-bearing loans and borrowings 1 527 708 (371 335) - - - 124 372 1 280 745Total liabilities from financing activities 3 555 494 (1 451 407) - - 567 699 150 385 2 822 170Changes in liabilities arising from financing activities in 2024 Effect from Effect from 1 January Cash discontinued business New \uee36\uee34\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeabAmounts in NOK thousand2024flowsoperationscombinationsleases Other2024Lease liabilities 386 917 (802 534) (3 608) 1 691 962 903 399 (148 351) 2 027 786 Non-current interest-bearing loans and borrowings 851 218 151 313 - - - 525 178 1 527 708Total liabilities from financing activities 1 238 135 (651 221) (3 608) 1 691 962 903 399 376 827 3 555 494 The \u201cother\u201d column includes currency effects and effects from premiums paid on the repay-ment of the senior secured notes in February 2025. The outflows from these premiums are included as cashflows from financing activi-ties.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__57": {
"value": "Interest expensesAmounts in NOK thousand 2025 2024\ue686\ue90c\ue969\ue88d\ue94d\ue88d\ue95b\ue969\ueeab\ue88d\ue9a6\ue945\ue88d\ue90c\ue95b\ue88d\ueeab\ue91b\ue90c\ueeab\ue869\ue91b\ue90c\ue87e\ueeab\ue87e\ue88d\ue869\ue969 139 301 224 503Amortised financing fees on bond debt 6 631 43 807\ue686\ue90c\ue969\ue88d\ue94d\ue88d\ue95b\ue969\ueeab\ue91b\ue90c\ueeab\ue8b1\ue844\ue872\ue969\ue91b\ue94d\ue8cf\ue90c\ue8b3\ueeab\ue844\ue8b3\ue94d\ue88d\ue88d\ue906\ue88d\ue90c\ue969\ue95b\ueeab 21 174 19 978\ue686\ue90c\ue969\ue88d\ue94d\ue88d\ue95b\ue969\ueeab\ue91b\ue90c\ueeab\ue8f5\ue88d\ue844\ue95b\ue88d\ueeab\ue8f5\ue8cf\ue844\ue869\ue8cf\ue8f5\ue8cf\ue969\ue8cf\ue88d\ue95b\ueeab 162 090 115 919Other interest expenses 5 750 6 164Total interest expenses 334 947 410 372",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__58": {
"value": "Other financial expensesAmounts in NOK thousand 2025 2024Expense of unamortised transaction cost on senior secured notes 118 535 217 247Repayment premium on repayment of senior secured notes 198 693 161 896Transaction cost on warrants issuance - 2 268Other finance expenses 19 094 17 033Total other financial expenses 336 322 398 445As part of the refinancing concluded in Feb-ruary 2025, remaining transaction cost that were included in the carrying amount of the interest-bearing liabilities were expensed. The refinancing and the redemption also involved repayment premiums which were expensed at repayment.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__59": {
"value": "Financial instrumentsAccounting principles Moreld has financial instruments measured at amortised cost and financial liabilities defined as other financial liabilities. The majority of the financial instruments measured at amortised cost are trade receivables, cash deposits and interest-bearing loans and borrowings. The other financial liabilities are trade payables and lease liabilities. Significant judgement Significant judgement is applied when decomposing financial instruments. Careful analysis and judgment are required to sepa-rate and measure the different components accurately.Carrying value of financial instruments at 31 December 2025 Hedging instruments Financial instruments Amortised Amounts in NOK thousand\ue844\ue969\ueeab\ue66b\ue745\ue6cc\ue62d\ue686\ue844\ue969\ueeab\ue66b\ue745\ue717\ue6f6\ue6a7cost TotalOther non-current assets - - 1 078 1 078Trade and other receivables - - 929 137 929 137Contract assets - - 407 117 407 117Cash and short-term deposits - - 1 090 859 1 090 859Financial assets - - 2 428 192 2 428 192Trade and other payables - - (610 696) (610 696)Contract liabilities - - (607 248) (607 248)Lease liabilities - - (1 541 425) (1 541 425)\ue686\ue90c\ue969\ue88d\ue94d\ue88d\ue95b\ue969\ueeab\ue869\ue88d\ue844\ue94d\ue8cf\ue90c\ue8b3\ueeab\ue8f5\ue91b\ue844\ue90c\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue869\ue91b\ue94d\ue94d\ue91b\ue99d\ue8cf\ue90c\ue8b3\ue95b - - (1 280 745) (1 280 745)\ue638\ue88d\ue94d\ue8cf\ue998\ue844\ue969\ue8cf\ue998\ue88d\ue95b - - - -Financial liabilities - - (4 040 115) (4 040 115)Carrying value of financial instruments at 31 December 2024 Hedging instruments Financial instruments Amortised Amounts in NOK thousand\ue844\ue969\ueeab\ue66b\ue745\ue6cc\ue62d\ue686\ue844\ue969\ueeab\ue66b\ue745\ue717\ue6f6\ue6a7cost TotalOther non-current assets - - 2 894 2 894Trade and other receivables - - 1 110 561 1 110 561 Contract assets - - 498 691 498 691 Cash and short-term deposits - - 1 500 144 1 500 144 Financial assets - - 3 112 290 3 112 290 Trade and other payables - - (754 988) (754 988)Contract liabilities - - (805 354) (805 354) Lease liabilities - - (2 027 786) (2 027 786)\ue686\ue90c\ue969\ue88d\ue94d\ue88d\ue95b\ue969\ueeab\ue869\ue88d\ue844\ue94d\ue8cf\ue90c\ue8b3\ueeab\ue8f5\ue91b\ue844\ue90c\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue869\ue91b\ue94d\ue94d\ue91b\ue99d\ue8cf\ue90c\ue8b3\ue95b - - (1 527 708) (1 527 708) \ue638\ue88d\ue94d\ue8cf\ue998\ue844\ue969\ue8cf\ue998\ue88d\ue95b - - - - Financial liabilities - - (5 115 836) (5 115 836) The valuation of the financial instruments meas-ured at fair value is based on the fair value hierarchy. The fair value hierarchy defines a framework for categorising financial assets and liabilities based on fair value valuation tech-niques. Fair value of assets and liabilities in level one is based on quoted prices in an active mar-ket, whereas level three fair values are based on assumptions made by the company in the absence of quoted prices. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measure-ment date. The group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to meas-ure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: \ue62f\ue62fLevel 1 \u2013 Quoted (unadjusted) market prices in active markets for identical assets or liabilities. \ue62f\ue62fLevel 2\ueeab\ueed3\ueeab\ue745\ue844\ue8f5\ue977\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue969\ue88d\ue872\ue8c2\ue90c\ue8cf\ue94b\ue977\ue88d\ue95b\ueeab\ue8b1\ue91b\ue94d\ueeab\ue99d\ue8c2\ue8cf\ue872\ue8c2\ueeab\ue969\ue8c2\ue88d\ueeablowest level input that is significant to the fair value measurement is directly or indi-rectly observable. \ue62f\ue62fLevel 3\ueeab\ueed3\ueeab\ue745\ue844\ue8f5\ue977\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue969\ue88d\ue872\ue8c2\ue90c\ue8cf\ue94b\ue977\ue88d\ue95b\ueeab\ue8b1\ue91b\ue94d\ueeab\ue99d\ue8c2\ue8cf\ue872\ue8c2\ueeab\ue969\ue8c2\ue88d\ueeablowest level input that is significant to the fair value measurement is unobservable. For assets and liabilities that are recognised in the financial statements at fair value on a recurring basis, the group determines whether transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is signifi-cant to the fair value measurement as a whole) at the end of each reporting period.Carrying value of financial instruments based on the fair value hierarchy at 31 December 2025 Amounts in NOK thousand Level 1 Level 2 Level 3 TotalNon-current receivables - - - - Trade and other receivables - - - - Cash and short-term deposits - - - - Financial assets - - - - Trade and other payables - - - - Lease liabilities - - - - \ue686\ue90c\ue969\ue88d\ue94d\ue88d\ue95b\ue969\ueeab\ue869\ue88d\ue844\ue94d\ue8cf\ue90c\ue8b3\ueeab\ue8f5\ue91b\ue844\ue90c\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue869\ue91b\ue94d\ue94d\ue91b\ue99d\ue8cf\ue90c\ue8b3\ue95b - - - - \ue638\ue88d\ue94d\ue8cf\ue998\ue844\ue969\ue8cf\ue998\ue88d\ue95b - - - -Financial liabilities - - - - Carrying value of financial instruments based on the fair value hierarchy at 31 December 2024Amounts in NOK thousand Level 1 Level 2 Level 3 TotalNon-current receivables - - - - Trade and other receivables - - - - Cash and short-term deposits - - - - Financial assets - - - - Trade and other payables - - - - Lease liabilities - - - - \ue686\ue90c\ue969\ue88d\ue94d\ue88d\ue95b\ue969\ueeab\ue869\ue88d\ue844\ue94d\ue8cf\ue90c\ue8b3\ueeab\ue8f5\ue91b\ue844\ue90c\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue869\ue91b\ue94d\ue94d\ue91b\ue99d\ue8cf\ue90c\ue8b3\ue95b - - - - \ue638\ue88d\ue94d\ue8cf\ue998\ue844\ue969\ue8cf\ue998\ue88d\ue95b - - (57 281) (57 281)Financial liabilities - - (57 281) (57 281)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__60-1": {
"value": "Accounting principles Moreld has financial instruments measured at amortised cost and financial liabilities defined as other financial liabilities. The majority of the financial instruments measured at amortised cost are trade receivables, cash deposits and interest-bearing loans and borrowings. The other financial liabilities are trade payables and lease liabilities.The valuation of the financial instruments meas-ured at fair value is based on the fair value hierarchy. The fair value hierarchy defines a framework for categorising financial assets and liabilities based on fair value valuation tech-niques. Fair value of assets and liabilities in level one is based on quoted prices in an active mar-ket, whereas level three fair values are based on assumptions made by the company in the absence of quoted prices. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measure-ment date. The group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to meas-ure fair value, maximising the use of relevant observable inputs and minimising the use of unobservable inputs. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorised within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: \ue62f\ue62fLevel 1 \u2013 Quoted (unadjusted) market prices in active markets for identical assets or liabilities. \ue62f\ue62fLevel 2\ueeab\ueed3\ueeab\ue745\ue844\ue8f5\ue977\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue969\ue88d\ue872\ue8c2\ue90c\ue8cf\ue94b\ue977\ue88d\ue95b\ueeab\ue8b1\ue91b\ue94d\ueeab\ue99d\ue8c2\ue8cf\ue872\ue8c2\ueeab\ue969\ue8c2\ue88d\ueeablowest level input that is significant to the fair value measurement is directly or indi-rectly observable. \ue62f\ue62fLevel 3\ueeab\ueed3\ueeab\ue745\ue844\ue8f5\ue977\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue969\ue88d\ue872\ue8c2\ue90c\ue8cf\ue94b\ue977\ue88d\ue95b\ueeab\ue8b1\ue91b\ue94d\ueeab\ue99d\ue8c2\ue8cf\ue872\ue8c2\ueeab\ue969\ue8c2\ue88d\ueeablowest level input that is significant to the fair value measurement is unobservable. For assets and liabilities that are recognised in the financial statements at fair value on a recurring basis, the group determines whether transfers have occurred between levels in the hierarchy by re-assessing categorisation (based on the lowest level input that is signifi-cant to the fair value measurement as a whole) at the end of each reporting period.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__65": {
"value": "Income tax expense Accounting principles\ue638\ue88d\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeab\ue8cf\ue90c\ue872\ue91b\ue906\ue88d\ueeab\ue969\ue844\ue9a6\ueeab\ue8cf\ue95b\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3\ue90c\ue8cf\ue95b\ue88d\ue87e\ueeb7\ueeab\ue977\ue95b\ue8cf\ue90c\ue8b3\ueeab\ue969\ue8c2\ue88d\ueeabliability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the \ue872\ue91b\ue90c\ue95b\ue91b\ue8f5\ue8cf\ue87e\ue844\ue969\ue88d\ue87e\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue8cf\ue844\ue8f5\ueeab\ue95b\ue969\ue844\ue969\ue88d\ue906\ue88d\ue90c\ue969\ue95b\ueeb6\ueeab\ue638\ue88d\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeabincome tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the tem-porary differences can be utilised. The group recognise previously unrecognised deferred tax assets to the extent it has become prob-able that the group can utilise the deferred tax asset. Similarly, the group will reduce a deferred tax asset to the extent that the com-pany no longer regards it as probable that it can utilise the deferred tax asset.Significant estimates Estimating future taxable profits is essential to determine whether the tax losses, carried forward interest cost and credit reliefs carried forward can be utilised. The process involves \ue8b1\ue91b\ue94d\ue88d\ue872\ue844\ue95b\ue969\ue8cf\ue90c\ue8b3\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueef3\ue95b\ueeab\ue8b1\ue977\ue969\ue977\ue94d\ue88d\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue8cf\ue844\ue8f5\ueeab\ue945\ue88d\ue94d\ue8b1\ue91b\ue94d-mance, which can be uncertain and subject to various economic and business conditions, including future profits and the amount of for-eign revenue. Furthermore, Moreld is subject to income taxes in various jurisdictions and exposed to multiple tax regimes. Management judgment is involved in determining the taxa-ble amount, and tax authorities may challenge \ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueef3\ue95b\ueeab\ue872\ue844\ue8f5\ue872\ue977\ue8f5\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue91b\ue8b1\ueeab\ue969\ue844\ue9a6\ue88d\ue95b\ueeab\ue945\ue844\ue9a9\ue844\ue869\ue8f5\ue88d\ueeab\ue8b1\ue94d\ue91b\ue906\ueeabprior periods.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__64": {
"value": "Income tax expense Accounting principles\ue638\ue88d\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeab\ue8cf\ue90c\ue872\ue91b\ue906\ue88d\ueeab\ue969\ue844\ue9a6\ueeab\ue8cf\ue95b\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3\ue90c\ue8cf\ue95b\ue88d\ue87e\ueeb7\ueeab\ue977\ue95b\ue8cf\ue90c\ue8b3\ueeab\ue969\ue8c2\ue88d\ueeabliability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the \ue872\ue91b\ue90c\ue95b\ue91b\ue8f5\ue8cf\ue87e\ue844\ue969\ue88d\ue87e\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue8cf\ue844\ue8f5\ueeab\ue95b\ue969\ue844\ue969\ue88d\ue906\ue88d\ue90c\ue969\ue95b\ueeb6\ueeab\ue638\ue88d\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeabincome tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the tem-porary differences can be utilised. The group recognise previously unrecognised deferred tax assets to the extent it has become prob-able that the group can utilise the deferred tax asset. Similarly, the group will reduce a deferred tax asset to the extent that the com-pany no longer regards it as probable that it can utilise the deferred tax asset.Significant estimates Estimating future taxable profits is essential to determine whether the tax losses, carried forward interest cost and credit reliefs carried forward can be utilised. The process involves \ue8b1\ue91b\ue94d\ue88d\ue872\ue844\ue95b\ue969\ue8cf\ue90c\ue8b3\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueef3\ue95b\ueeab\ue8b1\ue977\ue969\ue977\ue94d\ue88d\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue8cf\ue844\ue8f5\ueeab\ue945\ue88d\ue94d\ue8b1\ue91b\ue94d-mance, which can be uncertain and subject to various economic and business conditions, including future profits and the amount of for-eign revenue. Furthermore, Moreld is subject to income taxes in various jurisdictions and exposed to multiple tax regimes. Management judgment is involved in determining the taxa-ble amount, and tax authorities may challenge \ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueef3\ue95b\ueeab\ue872\ue844\ue8f5\ue872\ue977\ue8f5\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue91b\ue8b1\ueeab\ue969\ue844\ue9a6\ue88d\ue95b\ueeab\ue945\ue844\ue9a9\ue844\ue869\ue8f5\ue88d\ueeab\ue8b1\ue94d\ue91b\ue906\ueeabprior periods. Composition of the income tax expenseAmounts in NOK thousand 2025 2024\ue686\ue90c\ue872\ue91b\ue906\ue88d\ueeab\ue969\ue844\ue9a6\ueeab\ue945\ue844\ue9a9\ue844\ue869\ue8f5\ue88d 70 475 55 475Changes in deferred tax (67 952) (187 520)Withholding taxes paid 79 942 65 189Effect due to changes in tax rate - (3 751)Prior year adjustments 16 083 -Other (5 922) -Income tax expense (income) 92 626 ( 70 607) Income tax payable in statement of financial positionAmounts in NOK thousand 2025 2024\ue686\ue90c\ue872\ue91b\ue906\ue88d\ueeab\ue969\ue844\ue9a6\ueeab\ue945\ue844\ue9a9\ue844\ue869\ue8f5\ue88d\ueeab 152 434 55 475 Paid during the year (81 960) (4 3 72) Tax payable 70 475 51 103 Reconciliation of nominal tax rate and effective tax rate Amounts in NOK thousand 2025 2024Profit before income tax 377 280 (945 596) Nominal tax rate 22% 22%Expected tax expense (income) 83 002 (208 031) Effect on taxes of:Permanent differences 17 651 (14 457)Fair value change on financial instruments - 111 912Effect from withholding taxes paid - 74 538Changes in temporary differences not recognised (6 627) (35 894)Effect from share of loss in associates recognised after tax - 1 742Effect from differences in tax rates (15 247) 1 946Prior year adjustments 16 083 -Other effects (2 235) (2 362)Tax expense (income) in the income statement 92 626 (70 607)Breakdown of temporary differences31.12.2025 31.12.2024Amounts in NOK thousand Assets Liabilities Assets Liabilities Property, plant and equipment and intangible assets 62 327 363 796 - 448 084Current assets 43 730 13 33 520 -Leasing 196 708 213 089 - 110 991Provisions 186 228 9 437 30 262 -Profit and loss account - 198 979 - 64 595Pension - 1 337 - 1 185Contracts - 307 052 - 525 914Limitation of interest costs 369 627 - 64 159 -Tax losses carried forward 523 181 - 1 003 322 -Credit relief carried forward 75 902 - 272 693 -Other 1 160 - 1 124 -Total temporary differences 1 458 863 1 093 703 1 405 079 1 150 769Amounts not recognised (315 566) - (382 352) -Total recognised temporary differences 1 143 297 1 093 703 1 022 727 1 150 769\ue638\ue88d\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeab\ue969\ue844\ue9a6\ueeab\ue8f5\ue8cf\ue844\ue869\ue8cf\ue8f5\ue8cf\ue969\ue9a9 209 298 - 253 169\ue638\ue88d\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeab\ue969\ue844\ue9a6\ueeab\ue844\ue95b\ue95b\ue88d\ue969\ue95b 232 998 225 000 -Overview of tax losses carried forwardAmounts in NOK thousand Expiry date \ue686\ue90c\ue87e\ue88d\ue8b1\ue8cf\ue90c\ue8cf\ue969\ue88d\ueeab\ue88d\ue9a6\ue945\ue8f5\ue91b\ue94d\ue844\ue969\ue8cf\ue91b\ue90c Total Of which is unrecognised Total recognisedNorway - - - -United Kingdom 155 448 155 448 - 155 448United States 315 566 315 566 315 566 -Other 52 168 52 168 - 52 168Total 523 181 523 181 315 566 207 615\ue717\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue99d\ue844\ue95b\ueeab\ue90c\ue91b\ue969\ueeab\ue8cf\ue90c\ueeab\ue95b\ue872\ue91b\ue945\ue88d\ueeab\ue8b1\ue91b\ue94d\ueeab\ue969\ue8c2\ue88d\ueeab\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue601\ue90c\ue969\ue8cf\ueed2\ue625\ue844\ue95b\ue88d\ueeab\ue648\ue94d\ue91b\ue95b\ue8cf\ue91b\ue90c\ueeab\ue6b7\ue91b\ue87e\ue88d\ue8f5\ueeab\ue6fe\ue977\ue8f5\ue88d\ue95b\ueeab\ueedc\ue6f6\ue8cf\ue8f5\ue8f5\ue844\ue94d\ueeab\ue686\ue686\ueedd\ueeab\ue8b1\ue91b\ue94d\ueeab\uee35\uee33\uee35\uee38\ueeab\ue869\ue977\ue969\ueeabexpects to be in scope from 2026 onwards.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__66": {
"value": "Accounting principles\ue638\ue88d\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeab\ue8cf\ue90c\ue872\ue91b\ue906\ue88d\ueeab\ue969\ue844\ue9a6\ueeab\ue8cf\ue95b\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3\ue90c\ue8cf\ue95b\ue88d\ue87e\ueeb7\ueeab\ue977\ue95b\ue8cf\ue90c\ue8b3\ueeab\ue969\ue8c2\ue88d\ueeabliability method, on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the \ue872\ue91b\ue90c\ue95b\ue91b\ue8f5\ue8cf\ue87e\ue844\ue969\ue88d\ue87e\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue8cf\ue844\ue8f5\ueeab\ue95b\ue969\ue844\ue969\ue88d\ue906\ue88d\ue90c\ue969\ue95b\ueeb6\ueeab\ue638\ue88d\ue8b1\ue88d\ue94d\ue94d\ue88d\ue87e\ueeabincome tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the tem-porary differences can be utilised. The group recognise previously unrecognised deferred tax assets to the extent it has become prob-able that the group can utilise the deferred tax asset.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__69": {
"value": "Inventories Accounting principles\ue686\ue90c\ue998\ue88d\ue90c\ue969\ue91b\ue94d\ue8cf\ue88d\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue95b\ue969\ue844\ue969\ue88d\ue87e\ueeab\ue844\ue969\ueeab\ue969\ue8c2\ue88d\ueeab\ue8f5\ue91b\ue99d\ue88d\ue94d\ueeab\ue91b\ue8b1\ueeab\ue872\ue91b\ue95b\ue969\ueeab\ue91b\ue8b1\ueeabacquisition or production and recoverable amount and comprise raw materials, work in progress, and finished goods. The costs of fin-ished goods and work in progress include the cost of raw materials used and direct produc-tion costs. The recoverable amount is deter-mined on an individual basis.Amounts in NOK thousand 31.12.2025 31.12.2024Finished products 49 842 39 863 Total at 31 December 49 842 39 863 \ue745\ue844\ue8f5\ue977\ue88d\ueeab\ue872\ue8c2\ue844\ue90c\ue8b3\ue88d\ue95b\ueeab\ue8cf\ue90c\ueeab\ue8cf\ue90c\ue998\ue88d\ue90c\ue969\ue91b\ue94d\ue9a9\ueeab\ue94d\ue88d\ue872\ue91b\ue8b3\ue90c\ue8cf\ue95b\ue88d\ue87e\ueeab\ue969\ue8c2\ue94d\ue91b\ue977\ue8b3\ue8c2\ueeab\ue945\ue94d\ue91b\ue8b1\ue8cf\ue969\ueeab\ue844\ue90c\ue87e\ueeab\ue8f5\ue91b\ue95b\ue95b - -",
"dimensions": {
"concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__70": {
"value": "Accounting principles\ue686\ue90c\ue998\ue88d\ue90c\ue969\ue91b\ue94d\ue8cf\ue88d\ue95b\ueeab\ue844\ue94d\ue88d\ueeab\ue95b\ue969\ue844\ue969\ue88d\ue87e\ueeab\ue844\ue969\ueeab\ue969\ue8c2\ue88d\ueeab\ue8f5\ue91b\ue99d\ue88d\ue94d\ueeab\ue91b\ue8b1\ueeab\ue872\ue91b\ue95b\ue969\ueeab\ue91b\ue8b1\ueeabacquisition or production and recoverable amount and comprise raw materials, work in progress, and finished goods. The costs of fin-ished goods and work in progress include the cost of raw materials used and direct produc-tion costs. The recoverable amount is deter-mined on an individual basis.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__72": {
"value": "Trade receivables and work in progress Amounts in NOK thousand 31.12.2025 31.12.2024Trade receivables 932 331 1 115 187 Expected credit loss on trade receivables (3 194) (4 626)Total trade receivables 929 137 1 110 561 Contract assets 407 117 498 691 Total trade receivables and work in progress 1 336 255 1 609 252Movement of provision for expected credit lossesAmounts in NOK thousand 31.12.2025 31.12.2024Balance at 1 January 4 626 2 645 Expected credit loss recognised on receivables 440 2 244 Credit losses reversed (1 872) (263)Balance at 31 December 3 194 4 626 \ue601\ue945\ue945\ue8f5\ue9a9\ueeab\ue601\ue70a\ueeab\ue844\ue90c\ue87e\ueeab\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueeab\ue66e\ue94d\ue91b\ue977\ue945\ueeab\ue601\ue70a\ueeab\ue8c2\ue844\ue998\ue88d\ueeabentered into factoring agreements with Spare-bank 1 Factoring AS for the sale of receivables from defined customers, with a combined \ue8f5\ue8cf\ue906\ue8cf\ue969\ueeab\ue91b\ue8b1\ueeab\ue6bd\ue6cc\ue69f\ueeab\uee36\uee3c\uee3c\ueeab\ue906\ue8cf\ue8f5\ue8f5\ue8cf\ue91b\ue90c\ueeb6\ueeab\ue601\ue969\ueeab\uee36\uee34\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab\uee35\uee33\uee35\uee38\ueeb7\ueeabthe total outstanding balance of receivables sold to and paid by the factoring provider amounts to NOK 287.2 million (2024: NOK 34.1 million). Based on the factoring agreement, management has concluded to derecog-nise the specific receivables from the bal-ance sheet to better reflect the underlying risks and rewards as the factoring provider has purchased and paid for the receivables and assumed the related credit risk. Moreld retains the responsibility for not fulfilling their obligation under customer contracts, and if non-performance results in a sold receivable remaining unpaid after 60 days following due date, the company is committed to repurchase the trade receivable.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__73": {
"value": "Other current assets Amounts in NOK thousand 31.12.2025 31.12.2024Prepayments to employees - 156 Prepaid costs 74 486 73 163 Loan to employees 6 191 19 495 Tax receivables - 1 273 \ue745\ue601\ue717\ueeab\ue94d\ue88d\ue872\ue88d\ue8cf\ue998\ue844\ue869\ue8f5\ue88d 67 251 61 754 Other receivables 29 683 16 954 Total 177 611 172 794",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__75": {
"value": "Trade payables and other current liabilitiesAmounts in NOK thousand 31.12.2025 31.12.2024Trade payables 610 696 754 989Trade payables 610 696 754 989 Contract liabilities 607 248 805 354 Total trade payables and contract liabilities 1 217 944 1 560 342 Liabilities to employees 5 - Accrued holiday allowance 178 706 173 195 Accrued salaries (including bonus) 87 953 82 193 Accrued expenses 157 803 70 428 \ue70a\ue91b\ue872\ue8cf\ue844\ue8f5\ueeab\ue95b\ue88d\ue872\ue977\ue94d\ue8cf\ue969\ue9a9\ueeb7\ueeab\ue745\ue601\ue717\ueeab\ue844\ue90c\ue87e\ueeab\ue95b\ue8cf\ue906\ue8cf\ue8f5\ue844\ue94d\ueeab\ue945\ue977\ue869\ue8f5\ue8cf\ue872\ueeab\ue87e\ue88d\ue869\ue969 170 816 167 267 Other current liabilities 66 667 559 206Other current liabilities 661 950 1 052 290Trade payables, contract liabilities and other current liabilities 1 879 895 2 612 633",
"dimensions": {
"concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__74": {
"value": "Trade payables and other current liabilitiesAmounts in NOK thousand 31.12.2025 31.12.2024Trade payables 610 696 754 989Trade payables 610 696 754 989 Contract liabilities 607 248 805 354 Total trade payables and contract liabilities 1 217 944 1 560 342 Liabilities to employees 5 - Accrued holiday allowance 178 706 173 195 Accrued salaries (including bonus) 87 953 82 193 Accrued expenses 157 803 70 428 \ue70a\ue91b\ue872\ue8cf\ue844\ue8f5\ueeab\ue95b\ue88d\ue872\ue977\ue94d\ue8cf\ue969\ue9a9\ueeb7\ueeab\ue745\ue601\ue717\ueeab\ue844\ue90c\ue87e\ueeab\ue95b\ue8cf\ue906\ue8cf\ue8f5\ue844\ue94d\ueeab\ue945\ue977\ue869\ue8f5\ue8cf\ue872\ueeab\ue87e\ue88d\ue869\ue969 170 816 167 267 Other current liabilities 66 667 559 206Other current liabilities 661 950 1 052 290Trade payables, contract liabilities and other current liabilities 1 879 895 2 612 633",
"dimensions": {
"concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__76": {
"value": "Contingent liabilities and guaranteesAmounts in NOK thousand \ue66e\ue977\ue844\ue94d\ue844\ue90c\ue969\ue88d\ue88d\ueeab\ue8b1\ue94d\ue844\ue906\ue88d Of which utilised Available frame\ue66e\ue977\ue844\ue94d\ue844\ue90c\ue969\ue88d\ue88d\ueeab\ue8b1\ue844\ue872\ue8cf\ue8f5\ue8cf\ue969\ue9a9\ueeab\ue844\ue8b3\ue94d\ue88d\ue88d\ue906\ue88d\ue90c\ue969 2 185 912 449 576 1 736 336 Moreld has guarantee facility agreements with Sparebank 1 S\u00f8r-Norge ASA, Liberty Mutual and Atradius. The facility with Sparebank 1 S\u00f8r-Norge ASA is secured with first priority pledge in all shares in the most significant subsidiaries \ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeb6\ueeab\ueeab\ue686\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b1\ue844\ue872\ue8cf\ue8f5\ue8cf\ue969\ue9a9\ueeab\ue8c2\ue844\ue95b\ueeab\ue8b1\ue8cf\ue94d\ue95b\ue969\ueeabpriority pledge over trade receivables, inven-tory and operating equipment in the same companies. The covenants for the facilities mirrors the \ue872\ue91b\ue998\ue88d\ue90c\ue844\ue90c\ue969\ue95b\ueeab\ue969\ue8cf\ue88d\ue87e\ueeab\ue969\ue91b\ueeab\ue969\ue8c2\ue88d\ueeab\ue724\ue70a\ue638\ueeab\uee34\uee36\uee33\ueeab\ue906\ue8cf\ue8f5\ue8f5\ue8cf\ue91b\ue90c\ueeab\ue95b\ue88d\ue90c-\ue8cf\ue91b\ue94d\ueeab\ue95b\ue88d\ue872\ue977\ue94d\ue88d\ue87e\ueeab\ue869\ue91b\ue90c\ue87e\ueeb6\ueeab\ue601\ue95b\ueeab\ue91b\ue8b1\ueeab\uee36\uee34\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab\uee35\uee33\uee35\uee38\ueeb7\ueeabthe group complied with the covenants. The group expects that it will be in compliance with the covenants in 2026.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__77": {
"value": "Investments in associates Accounting principles Under the equity method, the investment in an associate is initially recognised at cost. The carrying amount of the investment is adjusted to recognise changes in the group\u2019s share of net assets of the associate since the acquisition date. The statement of profit or loss reflects the group\u2019s share of the results of \ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue844\ue95b\ue95b\ue91b\ue872\ue8cf\ue844\ue969\ue88d\ueeb6\ueeab\ue601\ue90c\ue9a9\ueeab\ue872\ue8c2\ue844\ue90c\ue8b3\ue88d\ueeab\ue8cf\ue90c\ueeab\ue6cc\ue62d\ue686\ueeabof those investees is presented as part of the \ue8b3\ue94d\ue91b\ue977\ue945\ueeed\ue95b\ueeab\ue6cc\ue62d\ue686\ueeb6Investments in associated companies accounted for under the equity method Ownership at Ownership at Per cent Country Segment31.12.202531.12.2024Hydepoint AS Norway Moreld Apply 33% 33%Carrying value of investments in associated companies at 31 December 2025Amounts in NOK thousand Hydepoint AS TotalCarrying value 1 January 2025 - -Acquisition / disposals 11 160 11 160Share of net income after tax (11 160) (11 160)Carrying value 31 December 2025 - -Carrying value of investments in associated companies at 31 December 2024 1)Amounts in NOK thousand Ross Energy ASHydepoint AS TotalCarrying value 1 January 2024 1 712 - 1 712 Acquisition / disposals (1 712) 7 920 6 208Share of net income after tax - (7 920) (7 920)Carrying value 31 December 2024 - - -1) Ross Energy AS was divested as part of the divestment of Ross Offshore, see note 7 Discontinued operations for more details.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__78": {
"value": "Accounting principles Under the equity method, the investment in an associate is initially recognised at cost. The carrying amount of the investment is adjusted to recognise changes in the group\u2019s share of net assets of the associate since the acquisition date. The statement of profit or loss reflects the group\u2019s share of the results of \ue91b\ue945\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c\ue95b\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue844\ue95b\ue95b\ue91b\ue872\ue8cf\ue844\ue969\ue88d\ueeb6\ueeab\ue601\ue90c\ue9a9\ueeab\ue872\ue8c2\ue844\ue90c\ue8b3\ue88d\ueeab\ue8cf\ue90c\ueeab\ue6cc\ue62d\ue686\ueeabof those investees is presented as part of the",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__80": {
"value": "Cash and cash equivalents Accounting principlesCash and cash equivalents comprise bank deposits and other short-term, highly liquid investments that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. To qualify as cash equivalents, investments must have an original maturity of three months or less from the date of acquisition.Money-market fund investments are classified as cash equivalents when they are highly liq-uid, redeemable on demand or within a few days, and are subject to insignificant risk of changes in value. Amounts in NOK thousand 31.12.2025 31.12.2024Short-term bank deposits 1 025 344 1 500 144 Short-term money market funds 65 514 -Cash and cash equivalents 1 090 859 1 500 144The group\u2019s money-market fund investments consist of low-risk funds invested in short-term money-market instruments. The investment can be converted to cash within a few days and are not subject to significant changes in value.Amounts in NOK thousand 31.12.2025 31.12.2024Bank deposits for employee tax withholding 1 478 1 939Cash in countries with currency restrictions 1 243 1 204Total restricted cash 2 720 3 143 Bank guarantee for employee tax withholding 94 300 84 300\ue686\ue90c\ueeab\ue844\ue87e\ue87e\ue8cf\ue969\ue8cf\ue91b\ue90c\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue8c2\ue844\ue95b\ueeab\ue844\ueeab\ue94d\ue88d\ue998\ue91b\ue8f5\ue998\ue8cf\ue90c\ue8b3\ueeab\ue872\ue94d\ue88d\ue87e\ue8cf\ue969\ueeabfacility of NOK 200 million which was unused \ue844\ue95b\ueeab\ue91b\ue8b1\ueeab\uee36\uee34\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab\uee35\uee33\uee35\uee38\ueeb6\ueeab\ue70a\ue88d\ue88d\ueeabnote 16\ueeab\ue686\ue90c\ue969\ue88d\ue94d-est-bearing liabilities for more information.Moreld has a cash pool arrangement in Spare-bank 1 S\u00f8r-Norge ASA. The companies in the cash pool agreement are jointly liable for the draw down on the facility. All general activities regarding the cash pool facility are handled by Moreld, while, day to day operations is per-formed by each single company in the group. \ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueeab\ue8c2\ue844\ue95b\ueeab\ue844\ueeab\ue872\ue844\ue95b\ue8c2\ueeab\ue945\ue91b\ue91b\ue8f5\ueeab\ue844\ue94d\ue94d\ue844\ue90c\ue8b3\ue88d-\ue906\ue88d\ue90c\ue969\ueeab\ue8cf\ue90c\ueeab\ue638\ue6bd\ue625\ueeab\ue625\ue844\ue90c\ue8ec\ueeab\ue601\ue70a\ue601\ueeb6\ueeab\ue717\ue8c2\ue88d\ueeab\ue872\ue91b\ue906\ue945\ue844\ue90c\ue8cf\ue88d\ue95b\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeabcash pool agreement are jointly liable for the draw down on the facility. All general activities regarding the cash pool facility are handled \ue869\ue9a9\ueeab\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueeab\ue66e\ue94d\ue91b\ue977\ue945\ueeab\ue601\ue70a\ueeb7\ueeab\ue99d\ue8c2\ue8cf\ue8f5\ue88d\ueeb7\ueeab\ue87e\ue844\ue9a9\ueeab\ue969\ue91b\ueeab\ue87e\ue844\ue9a9\ueeaboperations is performed by each single com-\ue945\ue844\ue90c\ue9a9\ueeab\ue8cf\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue66e\ue8f5\ue91b\ue869\ue844\ue8f5\ueeab\ue6b7\ue844\ue94d\ue8cf\ue969\ue8cf\ue906\ue88d\ueeab\ue66e\ue94d\ue91b\ue977\ue945\ueeb6",
"dimensions": {
"concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__82": {
"value": "Share capital and shareholder information \ue717\ue8c2\ue88d\ueeab\ue969\ue844\ue869\ue8f5\ue88d\ueeab\ue869\ue88d\ue8f5\ue91b\ue99d\ueeab\ue95b\ue8c2\ue91b\ue99d\ue95b\ueeab\ue969\ue8c2\ue88d\ueeab\ue95b\ue8c2\ue844\ue94d\ue88d\ueeab\ue872\ue844\ue945\ue8cf\ue969\ue844\ue8f5\ueeb7\ueeab\ue95b\ue8c2\ue844\ue94d\ue88d\ueeab\ue945\ue94d\ue88d\ue906\ue8cf\ue977\ue906\ueeab\ue844\ue90c\ue87e\ueeab\ue90c\ue977\ue906\ue869\ue88d\ue94d\ueeab\ue91b\ue8b1\ueeab\ue95b\ue8c2\ue844\ue94d\ue88d\ue95b\ueeab\ue844\ue969\ueeab\uee36\uee34\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab\uee35\uee33\uee35\uee38\ueeb6Amounts in NOK thousand 2025 2024Share capital (179 555 119 shares a 0,10 NOK) 17 957 17 583Share premium 666 025 884 718Share capital and premium at 31 December 683 981 902 301 Number of shares at 31 December 179 555 119 175 828 096The annual general meeting of Moreld ASA for 2025 authorised the board of directors to repurchase shares in the company. The authorisation was granted to enable Moreld to meet obligations under any applicable employee share incentive programmes and/or to repurchase shares for amortisation, and any shares repurchased are held as treasury shares until used for these purposes. \ue638\ue977\ue94d\ue8cf\ue90c\ue8b3\ueeab\ue69b\ue977\ue8f5\ue9a9\ueeab\uee35\uee33\uee35\uee38\ueeb7\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue88d\ue9a6\ue88d\ue872\ue977\ue969\ue88d\ue87e\ueeab\ue969\ue99d\ue91b\ueeab\ue94d\ue88d\ue945\ue977\ue94d-chase activities under this authorisation. First, the company completed an offer to repur-chase shares through a reverse bookbuilding process, acquiring 1 856 000 shares at NOK 17.25 per share, for an aggregate considera-tion of NOK 32 million. Second, following com-pletion of the offer, the company carried out a non-discretionary share buy-back programme, purchasing 1 452 200 shares at a weighted average price of NOK 19.27 per share, for an aggregate consideration of approximately NOK 28 million. Total share repurchases dur-ing the year therefore amounted to 3 308 200 shares, corresponding to approximately 1.84 per cent of the company\u2019s share capital, and a total consideration of approximately NOK 60 million. \ue686\ue90c\ueeab\ue872\ue91b\ue90c\ue90c\ue88d\ue872\ue969\ue8cf\ue91b\ue90c\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue969\ue8c2\ue88d\ueeab\ue88d\ue906\ue945\ue8f5\ue91b\ue9a9\ue88d\ue88d\ueeab\ue95b\ue8c2\ue844\ue94d\ue88d\ueeab\ue8cf\ue90c\ue872\ue88d\ue90c-tive programme for 2025 (see note 10), the company delivered 1 294 378 treasury shares to participating employees at an offer price of NOK 17.83 per share, generating gross pro-ceeds of NOK 23 million (approximately 0.72 ing, unencumbered shares previously repur-per cent of the company\u2019s share capital). \ue872\ue8c2\ue844\ue95b\ue88d\ue87e\ueeb6\ueeab\ueeab\ue601\ue969\ueeab\uee36\uee34\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab\uee35\uee33\uee35\uee38\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue91b\ue906\ue945\ue844\ue90c\ue9a9\ueeabSettlement was made by delivering exist-held 2 040 643 treasury shares.List of major shareholders at 31 December 2025Number Per centShareholderof shares holdingAllard 2 Ltd 53 490 489 29.8%Sona Asset Management LLC 25 878 700 14.4%Annapurna Worldwide Services Pte. Ltd. 11 935 632 6.6%BlueBay Asset Management LLP 10 136 198 5.6%Modro Holdings LLC 5 728 410 3.2%\ue745\ue88d\ue8f5\ue91b\ue872\ue8cf\ue969\ue9a9\ueeab\ue6f6\ue844\ue94d\ue969\ue90c\ue88d\ue94d\ue95b\ueeab\ue6a7\ue6a7\ue6f6 4 304 250 2.4%\ue638\ue6bd\ue625\ueeab\ue601\ue95b\ue95b\ue88d\ue969\ueeab\ue6b7\ue844\ue90c\ue844\ue8b3\ue88d\ue906\ue88d\ue90c\ue969\ueeab\ue601\ue70a 3 814 352 2.1%Oddakilen AS 3 726 557 2.1%\ue638\ue91b\ue99d\ue90c\ueeab\ue724\ue90c\ue87e\ue88d\ue94d\ueeab\ue67a\ue91b\ue8f5\ue87e\ue8cf\ue90c\ue8b3\ueeab\ue601\ue70a 2 744 390 1.5%\ue70a\ue88d\ue95b\ue90c\ue844\ueeab\ue686\ue90c\ue998\ue88d\ue95b\ue969\ueeab\ue601\ue70a 2 464 010 1.4%Overseas Asset Management 2 397 182 1.3%683 Capital Management 2 045 000 1.1%Moreld ASA 2 040 643 1.1%\ue601\ue872\ue88d\ue94d\ueeab\ue717\ue94d\ue88d\ue88d\ueeab\ue686\ue90c\ue998\ue88d\ue95b\ue969\ue906\ue88d\ue90c\ue969\ueeab\ue6b7\ue844\ue90c\ue844\ue8b3\ue88d\ue906\ue88d\ue90c\ue969\ueeab\ue6a7\ue6a7\ue6f6 1 995 146 1.1%Heimdal Forvaltning AS 1 900 000 1.1%L-Coaching AS 1 121 350 0.6%Landesbank Baden-W\u00fcrttemberg 987 010 0.5%\ue70a\ue91b\ue8f5\ue844\ue90c\ue844\ueeab\ue686\ue90c\ue998\ue88d\ue95b\ue969\ueeab\ue601\ue70a 986 328 0.5%Tinden Holding AS 920 000 0.5%E&N Subsea AS 866 133 0.5%Total number of shares for top 20 shareholders 139 481 780 77.7%Total number of shares 179 555 119 100.0%",
"dimensions": {
"concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__83": {
"value": "Earnings per shareAccounting principlesEarnings per share is calculated as profit/(loss) attributable to the equity holders of the par-ent company divided by the number of shares outstanding. Potential dilutive shares are shown separately along with the dilutive earn-ings per share. Earnings per share for income attributable to the equity holders of the companyAmounts in NOK 31.12.2025 31.12.2024Profit / (loss) attributable to the equity holders of the company 284 654 075 (711 287 989)Weighted average number of shares outstanding 179 350 899 175 828 096Basic and diluted earnings per share (NOK) 1.59 (4.05)Earnings per share for income attributable to the equity holders of the company from continuing operations Amounts in NOK 31.12.2025 31.12.2024Profit / (loss) attributable to the equity holders of the company from continuing operations 284 654 075 (883 288 016)Weighted average number of shares outstanding 179 350 899 175 828 096Basic and diluted earnings per share (NOK) 1.59 (5.02)",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__84": {
"value": "Accounting principlesEarnings per share is calculated as profit/(loss) attributable to the equity holders of the par-ent company divided by the number of shares outstanding. Potential dilutive shares are shown separately along with the dilutive earn-ings per share.",
"dimensions": {
"concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__86": {
"value": "Related party transactionsThe board of directors ensures that any material transaction between the company and Shareholders, a Shareholder\u2019s par-ent company, members of the board of directors, executive per-sonnel, or close associates of any such parties will be entered into on arm\u2019s length terms. The board of directors has adopted rules of procedures for the board of directors which inter alia includes guidelines for notification by members of the board of directors and executive management if they have any mate-rial direct or indirect interest in any transaction entered into by the company. Balances and transactions between the company and its subsidiaries have been eliminated on consolidation and are eliminated in the consolidated accounts. The group has had transactions with the following related parties:\ue6cc\ue90c\ueeab\uee34\uee35\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab\uee35\uee33\uee35\uee37\ueeb7\ueeab\ue6b7\ue91b\ue94d\ue88d\ue8f5\ue87e\ueeab\ue601\ue70a\ue601\ueeab\ue88d\ue90c\ue969\ue88d\ue94d\ue88d\ue87e\ueeab\ue8cf\ue90c\ue969\ue91b\ueeab\ue872\ue91b\ue90c\ue95b\ue977\ue8f5\ue969\ue844\ue90c\ue872\ue9a9\ueeabagreements with each of MWB (UK) Management Ltd (wholly \ue91b\ue99d\ue90c\ue88d\ue87e\ueeab\ue869\ue9a9\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue8c2\ue844\ue8cf\ue94d\ueeab\ue91b\ue8b1\ueeab\ue969\ue8c2\ue88d\ueeab\ue869\ue91b\ue844\ue94d\ue87e\ueeb7\ueeab\ue69b\ue977\ue8f5\ue8cf\ue844\ue90c\ueeab\ue6b7\ue872\ue686\ue90c\ue969\ue9a9\ue94d\ue88d\ueedd\ueeab\ue844\ue90c\ue87e\ueeab\ue6fe\ue844\ue945\ue8cf\ue87e\ue8cf\ue969\ue88d\ueeab\ue6a7\ue8cf\ue906\ue8cf\ue969\ue88d\ue87e\ueeab\ueedc\ue99d\ue8c2\ue91b\ue8f5\ue8f5\ue9a9\ueeab\ue91b\ue99d\ue90c\ue88d\ue87e\ueeab\ue869\ue9a9\ueeab\ue87e\ue8cf\ue94d\ue88d\ue872\ue969\ue91b\ue94d\ueeab\ue6b7\ue844\ue94d\ue8ec\ueeab\ue638\ue8cf\ue872\ue8ec\ue8cf\ue90c\ue95b\ue91b\ue90c\ueedd\ueeb6\ueeab\ue6f6\ue977\ue94d\ue95b\ue977\ue844\ue90c\ue969\ueeab\ue969\ue91b\ueeab\ue969\ue8c2\ue88d\ue95b\ue88d\ueeab\ue844\ue8b3\ue94d\ue88d\ue88d\ue906\ue88d\ue90c\ue969\ue95b\ueeb7\ueeab\ue6b7\ue94d\ueeb6\ueeab\ue6b7\ue872\ue686\ue90c\ue969\ue9a9\ue94d\ue88d\ueeab\ue844\ue90c\ue87e\ueeab\ue6b7\ue94d\ueeb6\ueeab\ue638\ue8cf\ue872\ue8ec\ue8cf\ue90c\ue95b\ue91b\ue90c\ueeab\ue95b\ue8c2\ue844\ue8f5\ue8f5\ueeab\ue945\ue94d\ue91b\ue998\ue8cf\ue87e\ue88d\ueeabthe company with strategic advice, including on matters related \ue969\ue91b\ueeab\ue8b3\ue88d\ue90c\ue88d\ue94d\ue844\ue8f5\ueeab\ue872\ue91b\ue94d\ue945\ue91b\ue94d\ue844\ue969\ue88d\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue88d\ueeb7\ueeab\ue6b7\uef11\ue601\ueeab\ue844\ue90c\ue87e\ueeab\ue8b1\ue8cf\ue90c\ue844\ue90c\ue872\ue8cf\ue90c\ue8b3\ueeb6\ueeab\ue6b7\ue94d\ueeb6\ueeab\ue6b7\ue872\ue686\ue90c\ue969\ue9a9\ue94d\ue88d\ueeab\ue844\ue90c\ue87e\ueeab\ue6b7\ue94d\ueeb6\ueeab\ue638\ue8cf\ue872\ue8ec\ue8cf\ue90c\ue95b\ue91b\ue90c\ueeab\ue95b\ue8c2\ue844\ue8f5\ue8f5\ueeab\ue88d\ue844\ue872\ue8c2\ueeb7\ueeab\ue969\ue8c2\ue94d\ue91b\ue977\ue8b3\ue8c2\ueeab\ue969\ue8c2\ue88d\ue8cf\ue94d\ueeab\ue8c2\ue91b\ue8f5\ue87e\ue8cf\ue90c\ue8b3\ueeab\ue872\ue91b\ue906\ue945\ue844\ue90c\ue8cf\ue88d\ue95b\ueeb7\ueeab\ue94d\ue88d\ue872\ue88d\ue8cf\ue998\ue88d\ueeab\ue844\ueeab\ue906\ue91b\ue90c\ue969\ue8c2\ue8f5\ue9a9\ueeab\ue8b1\ue88d\ue88d\ueeab\ue91b\ue8b1\ueeab\ue724\ue70a\ue638\ueeab\uee35\uee38\ueeab\uee33\uee33\uee33\ueeab\ue8b1\ue91b\ue94d\ueeab\ue95b\ue977\ue872\ue8c2\ueeab\ue95b\ue88d\ue94d\ue998\ue8cf\ue872\ue88d\ue95b\ueeb7\ueeab\ue945\ue844\ue8cf\ue87e\ueeab\ue8cf\ue90c\ueeabarrears, in addition to any remuneration received in their capac-ity as directors. The agreements have a term of two years, sub-ject to extensions by Moreld. Moreld has also the right to reduce \ue969\ue8c2\ue88d\ueeab\ue844\ue90c\ue90c\ue977\ue844\ue8f5\ueeab\ue94d\ue88d\ue906\ue977\ue90c\ue88d\ue94d\ue844\ue969\ue8cf\ue91b\ue90c\ueeab\ue969\ue91b\ueeab\ue88d\ue844\ue872\ue8c2\ueeab\ue91b\ue8b1\ueeab\ue6b7\ue94d\ueeb6\ueeab\ue6b7\ue872\ue686\ue90c\ue969\ue9a9\ue94d\ue88d\ueeab\ue844\ue90c\ue87e\ueeab\ue6b7\ue94d\ueeb6\ueeab\ue638\ue8cf\ue872\ue8ec-inson to nil if either of them sells more than 50 per cent of their shares in the company.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__88": {
"value": "Non-controlling interests Non-controlling interest at 31 December 2025Proportion of Profit allocated to Principal place of business ownership interest and Non-controlling the non-controlling Change in non-controlling Non-controlling Name of subsidiaryand place of incorporationvoting rights at 31.12.2025interest at 31.12.2024 for the yearinterests in the yearinterest at 31.12.2025\ue66e\ue6b7\ueeab\ue638\ue9a9\ue90c\ue844\ue906\ue8cf\ue872\ueeab\ue6a7\ue969\ue87e \ue66e\ue8c2\ue844\ue90c\ue844 71% (622) - - (622) Total (622) - - (622)Non-controlling interest at 31 December 2024Proportion of Profit allocated to Principal place of business ownership interest and Non-controlling the non-controlling Change in non-controlling Non-controlling Name of subsidiaryand place of incorporationvoting rights at 31.12.2024interest at 31.12.2023 for the yearinterests in the yearinterest at 31.12.2024 1)Moreld Holding ASNorway 100% 9 791 - (9 791) -Capnor AS Norway 0% 14 650 8 299 (22 949) - \ue66e\ue6b7\ueeab\ue638\ue9a9\ue90c\ue844\ue906\ue8cf\ue872\ueeab\ue6a7\ue969\ue87e \ue66e\ue8c2\ue844\ue90c\ue844 71% (622) - - (622) Total 23 819 8 299 (32 740) (622) 1) Following the internal reorganisation performed on 12 December 2024, the non-controlling interests in Moreld Holding AS contributed their shares in Moreld Holding AS in exchange for shares in Moreld ASA and ceased to be non-controlling interests in the group. See more detailed information in note 28 Share capital and shareholder information.\ue66e\ue6b7\ueeab\ue638\ue9a9\ue90c\ue844\ue906\ue8cf\ue872\ueeab\ue6a7\ue969\ue87e\ueeab\ue8cf\ue95b\ueeab\ue844\ue90c\ueeab\ue88d\ue906\ue945\ue969\ue9a9\ueeab\ue872\ue91b\ue906\ue945\ue844\ue90c\ue9a9\ueeab\ue99d\ue8cf\ue969\ue8c2\ue91b\ue977\ue969\ueeab\ue844\ue90c\ue9a9\ueeab\ue869\ue977\ue95b\ue8cf\ue90c\ue88d\ue95b\ue95b\ueeabactivity, hence no profit has been allocated to the non-controlling interests.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__89": {
"value": "Financial risksMoreld ASA has a centralised finance function responsible for the group\u2019s capital structure and funding, liquidity man-agement, interest rate risk, currency risk, credit risk, financial counterparty risk, and trade finance. The board has adopted a financial policy that defines mandates, limits and reporting rou-tines. Financing activities shall be carried out in a secure and effective manner, and borrowing shall be executed at the lowest possible cost while surplus funds are invested with the highest possible yield, subject to appropriate risk considerations.Funding and capital managementThe group\u2019s objective is to maintain financial flexibility and a capital structure that supports the operations of the group, while simultaneously providing attractive shareholder returns. The group is focusing on retaining a solid balance sheet, with sufficient liquidity to manage working capital volatility and pro-ject-driven cash flows.\ue601\ue969\ueeab\uee36\uee34\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab\uee35\uee33\uee35\uee38\ueeb7\ueeab\ue88d\ue94b\ue977\ue8cf\ue969\ue9a9\ueeab\ue844\ue906\ue91b\ue977\ue90c\ue969\ue88d\ue87e\ueeab\ue969\ue91b\ueeab\ue6bd\ue6cc\ue69f\ueeab\uee3a\uee3c\uee33\ueeab\ue906\ue8cf\ue8f5\ue8f5\ue8cf\ue91b\ue90c\ueeab\ueedc\uee34\uee36\ueeb6\uee39\ueeabper cent of total assets) and interest-bearing debt was NOK 1 \uee35\uee3b\uee33\ueeab\ue906\ue8cf\ue8f5\ue8f5\ue8cf\ue91b\ue90c\ueeab\ueedc\ue88d\ue9a6\ue872\ue8f5\ueeb6\ueeab\ue8f5\ue88d\ue844\ue95b\ue88d\ueeab\ue8f5\ue8cf\ue844\ue869\ue8cf\ue8f5\ue8cf\ue969\ue8cf\ue88d\ue95b\ueeab\ue844\ue872\ue872\ue91b\ue977\ue90c\ue969\ue88d\ue87e\ueeab\ue8b1\ue91b\ue94d\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ueeab\ue686\ue66b\ue6fe\ue70a\ueeab\uee34\uee39\ueedd\ueeb6\ueeab\ue625\ue91b\ue94d\ue94d\ue91b\ue99d\ue8cf\ue90c\ue8b3\ue95b\ueeab\ue872\ue91b\ue906\ue945\ue94d\ue8cf\ue95b\ue88d\ueeab\ue969\ue8c2\ue88d\ueeab\ue724\ue70a\ue638\ueeab\uee34\uee36\uee33\ueeab\ue906\ue8cf\ue8f5\ue8f5\ue8cf\ue91b\ue90c\ueeab\ue95b\ue88d\ue90c\ue8cf\ue91b\ue94d\ueeab\ue95b\ue88d\ue872\ue977\ue94d\ue88d\ue87e\ueeab\ue869\ue91b\ue90c\ue87e\ueeabissued in February 2025. See note 16\ueeab\ue686\ue90c\ue969\ue88d\ue94d\ue88d\ue95b\ue969\ueed2\ue869\ue88d\ue844\ue94d\ue8cf\ue90c\ue8b3\ueeab\ue8f5\ue8cf\ue844\ue869\ue8cf\ue8f5\ue8cf\ue969\ue8cf\ue88d\ue95b\ueeabfor more information.\ue686\ue90c\ue969\ue88d\ue94d\ue88d\ue95b\ue969\ueeab\ue94d\ue844\ue969\ue88d\ueeab\ue94d\ue8cf\ue95b\ue8ec\ue717\ue8c2\ue88d\ueeab\ue724\ue70a\ue638\ueeab\uee34\uee36\uee33\ueeab\ue906\ue8cf\ue8f5\ue8f5\ue8cf\ue91b\ue90c\ueeab\ue95b\ue88d\ue90c\ue8cf\ue91b\ue94d\ueeab\ue95b\ue88d\ue872\ue977\ue94d\ue88d\ue87e\ueeab\ue869\ue91b\ue90c\ue87e\ueeab\ue8c2\ue844\ue95b\ueeab\ue844\ueeab\ue8b1\ue8cf\ue9a6\ue88d\ue87e\ueeab\ue8cf\ue90c\ue969\ue88d\ue94d\ue88d\ue95b\ue969\ueeab\ue94d\ue844\ue969\ue88d\ueeabof 9.875 per cent, so interest rate risk mainly stems from cash placements. The group aims to maximise yields by investing surplus funds in money-market instruments for short periods. Occasionally, large milestone payments in certain projects cre-ate excess cash, which is invested in short-term money-market funds that can be quickly converted to cash and are largely sta-ble in value.Liquidity riskLiquidity risk is managed through available bank deposits and credit facilities. The group manages the liquidity position of the group closely through rolling liquidity forecasts from the busi-ness units. At year-end, the group had cash and cash equiva-lents of NOK 1 091 million, and additionally NOK 200 million in an undrawn revolving credit facility. Any cash pool arrangement is managed centrally either on group level or on business unit level to improve utilisation and flexibility of funds throughout the group. Currency riskCurrency risk arises from revenues and costs in foreign cur-rency, foreign-currency working capital items and translation of foreign entities. Currency exposure is managed in accordance with the financial policy, primarily through operational meas-ures such as natural hedging, by aligning the procurement cur-\ue94d\ue88d\ue90c\ue872\ue9a9\ueeab\ue99d\ue8cf\ue969\ue8c2\ueeab\ue969\ue8c2\ue88d\ueeab\ue977\ue90c\ue87e\ue88d\ue94d\ue8f5\ue9a9\ue8cf\ue90c\ue8b3\ueeab\ue872\ue91b\ue90c\ue969\ue94d\ue844\ue872\ue969\ueeab\ue872\ue977\ue94d\ue94d\ue88d\ue90c\ue872\ue9a9\ueeb6\ueeab\ue686\ue90c\ueeab\ue95b\ue88d\ue8f5\ue88d\ue872\ue969\ue88d\ue87e\ueeab\ue872\ue844\ue95b\ue88d\ue95b\ueeb7\ueeabthe group can also use hedging instruments to reduce the cur-rency exposure, subject to defined thresholds and limits. As of \uee36\uee34\ueeab\ue638\ue88d\ue872\ue88d\ue906\ue869\ue88d\ue94d\ueeab\uee35\uee33\uee35\uee38\ueeb7\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue87e\ue8cf\ue87e\ueeab\ue90c\ue91b\ue969\ueeab\ue8c2\ue844\ue998\ue88d\ueeab\ue844\ue90c\ue9a9\ueeab\ue8c2\ue88d\ue87e\ue8b3\ue8cf\ue90c\ue8b3\ueeab\ue8cf\ue90c\ue95b\ue969\ue94d\ue977-ments in its portfolio. Credit risk and counterparty riskCredit risk relates mainly to trade receivables and contract assets and is managed by business units through credit assess-ment, credit limits, invoicing discipline and collection rou-tines. For large projects, customer and subcontractor credit risk is monitored throughout the contract period and mitigated through contractual mechanisms such as milestone billing and, where relevant, guarantees and letters of credit. The customers of the group are mostly large E&P companies, with high credit-worthiness and solid balance sheets. The group has historically not had any significant credit losses on their customer con-tracts.Counterparty risk on deposits is managed through require-ments in the financial policy, including minimum credit rating \ue844\ue90c\ue87e\ueeab\ue87e\ue8cf\ue998\ue88d\ue94d\ue95b\ue8cf\ue8b1\ue8cf\ue872\ue844\ue969\ue8cf\ue91b\ue90c\ueeb6\ueeab\ue686\ue90c\ueeab\ue969\ue8c2\ue88d\ueeab\ue872\ue844\ue95b\ue88d\ueeab\ue969\ue8c2\ue88d\ueeab\ue8b3\ue94d\ue91b\ue977\ue945\ueeab\ue87e\ue88d\ue872\ue8cf\ue87e\ue88d\ueeab\ue969\ue91b\ueeab\ue88d\ue90c\ue969\ue88d\ue94d\ueeab\ue8cf\ue90c\ue969\ue91b\ueeabfinancial instruments, such contracts will be made with reputa-ble counterparties.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
},
"f1__s8__6__90": {
"value": "Subsequent events War in Middle East Following the reporting date, the ongoing geopolitical conflict in the Middle East has continued to create uncertainty in global markets, including volatility in energy prices, supply chains and foreign exchange markets.The group has operations and projects in several interna-tional markets, including the Middle East. The main focus for the group has been to ensure the safety of our people affected by the situation. As of the date of authorisation of these finan-cial statements, the conflict has not had a material impact on the group\u2019s financial position. Management continues to mon-itor developments related to the situation, including potential indirect effects such as increased market volatility, disruptions to logistics, changes in customer investment decisions and \ue8cf\ue906\ue945\ue844\ue872\ue969\ue95b\ueeab\ue91b\ue90c\ueeab\ue872\ue91b\ue906\ue906\ue91b\ue87e\ue8cf\ue969\ue9a9\ueeab\ue945\ue94d\ue8cf\ue872\ue88d\ue95b\ueeab\ue844\ue90c\ue87e\ueeab\ue8b1\ue91b\ue94d\ue88d\ue8cf\ue8b3\ue90c\ueeab\ue88d\ue9a6\ue872\ue8c2\ue844\ue90c\ue8b3\ue88d\ueeab\ue94d\ue844\ue969\ue88d\ue95b\ueeb6\ueeab\ue66e\ue8cf\ue998\ue88d\ue90c\ueeabthe evolving nature of the situation, it is not currently possible to reliably quantify any potential future financial effects.",
"dimensions": {
"concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
"language": "en",
"entity": "scheme:6488UNV33KXZ9498L870",
"period": "2025-01-01T00:00:00/2026-01-01T00:00:00"
}
}
}
}