INDEPENDENT OIL TOOLS AS

Operating

IOT Group - IOT Group

Produksjon, handel og service, med hovedvekt på den maritime sektor og deltakelse i aktiviteter forbundet med dette og i virksomheter med beslektet formål. I tillegg skal selskapet kunne handle finansielle instrumenter uavhengig av bransje.

Keywords

crude oilnatural gasassemblydisassemblyinspectionrepairmaintenance (irm)insulationsurface treatmentscaffolding (iso)heatingventilationair conditioning (hvac)seabedcontrol cablesrisersflow pipesfloating tankersfpsodiving operationsunderwater exploration (rov)pipescablesengineeringproject activitiesliquefactionregasificationfirefighting

Organization

CEO: SO
Sven Olav Borgen1978
Chairman of the board: BG
Berge Gerdt Larsen1952
Years since formation: 20 years; since Apr 1, 2006
Type: Limited company
VAT registered: Yes
Number of employees: 27

Ownership

Number of shares and share classes: 11,305,568; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2025: 199,278,000; NOK
Annual total result 2025: 35,558,000; NOK
Total equity 2025: 261,184,000; NOK

Last update: Jul 7, 2026

Management

Management / administration

Name	Role	Shares
SO Sven Olav Borgen 1978	Managing Director/CEO	-

Board

Name	Role	Shares
BG Berge Gerdt Larsen 1952	Chairman	-
RE Renate Elisabeth Brekke 1968	Board Member	-
BB Brede Bjøvad Larsen 1986	Alternate Member	-

Others

Name	Role	Shares
K KPMG AS	Auditor	-
S SPAREBANK 1 SØR-NORGE FORRETNINGSPARTNER AS	Accountant	-

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
P PETROLIA AS	Ordinary shares	11,305,568	100 %

Shares owned by the INDEPENDENT OIL TOOLS AS

Name	Share class	Total number of shares	Share
I INDEPENDENT TOOL POOL AS	Ordinary shares	1,000	100 %

Last update: Jun 2, 2025

Group structure

PETROLIA AS
Total operating income 2024: NOK 0
Operating profit 2024: NOK -3,881
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	199,278,000	211,638,000	171,935,000	126,059,000	133,037,000
Annual Total Result	35,558,000	58,203,000	42,777,000	34,877,000	-3,324,000
Total assets	393,476,000	425,558,000	372,009,000	335,108,000	296,752,000
Total liabilities	132,292,000	206,170,000	212,743,000	218,619,000	215,140,000
Total equity	261,184,000	219,388,000	159,267,000	116,489,000	81,612,000

P&L

Year	2025	2024	2023	2022	2021
Total operating income	199,278,000	211,638,000	171,935,000	126,059,000	133,037,000
Total operating costs	164,565,000	155,211,000	123,999,000	104,713,000	116,828,000
Operating result	34,713,000	56,427,000	47,936,000	21,347,000	16,209,000
Financial income/costs	8,786,000	14,961,000	4,690,000	19,281,000	-12,827,000
Profit before tax	43,499,000	71,387,000	52,626,000	40,628,000	3,382,000
Total tax & extraordinary income/cost	7,941,000	13,184,000	9,849,000	5,751,000	6,706,000
Annual Total Result	35,558,000	58,203,000	42,777,000	34,877,000	-3,324,000

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	268,904,000	281,723,000	255,625,000	261,194,000	212,314,000
Total current assets	124,572,000	143,835,000	116,385,000	73,914,000	84,439,000
Total assets	393,476,000	425,558,000	372,009,000	335,108,000	296,752,000
Short term debt	82,742,000	109,175,000	83,685,000	59,747,000	49,507,000
Long term debt	49,550,000	96,995,000	129,058,000	158,872,000	165,633,000
Total liabilities	132,292,000	206,170,000	212,743,000	218,619,000	215,140,000
Contributed capital	151,336,000	151,336,000	151,336,000	151,336,000	151,336,000
Retained earnings	109,848,000	68,052,000	7,931,000	-34,846,000	-69,723,000
Total equity	261,184,000	219,388,000	159,267,000	116,489,000	81,612,000
Total equity and liabilities	393,476,000	425,558,000	372,009,000	335,108,000	296,752,000

Classification

21st company classification

BETA

Industrial large enterprise

INDEPENDENT OIL TOOLS AS989 675 281