ARENDALS FOSSEKOMPANI ASA

Operating

Har til formål gjennom egen produksjon, deltagelse i utbygging, kjøp eller leie, å nyttiggjøre eller omsette elektrisk kraft, samt å drive eller delta direkte eller indirekte i annen industriell virksomhet eller forretningsforetak, herunder in- vesteringer i fast eiendom.

Organization

CEO: BK
Benjamin Kristoffer Golding1980
Chairman of the board: TØ
Trond Ødegård Westlie1961
Years since formation: 31 years; since Mar 12, 1995
Type: Public limited company
VAT registered: Yes
Number of employees: 42

Ownership

Number of shares and share classes: 55,995,250; 1 share class
Total number of shareholders: 4387; 349 companies, 4,038 persons
Belongs to group of

Financials

Total operating income 2025: 376,207,000; NOK
Annual total result 2025: 28,521,000; NOK

Last update: Sep 14, 2026

Management

Management / administration

Name	Role	Shares
BK Benjamin Kristoffer Golding 1980	Managing Director/CEO	-

Board

Name	Role	Shares
TØ Trond Ødegård Westlie 1961	Chairman	-
MS Morten Sigval Bergesen 1974	Board Member	-
DJ Didrik Johannes Vigsnæs 1966	Board Member	-
AG Anne Grethe Dalane 1960	Board Member	-
LL Lise Lindbäck 1970	Board Member	-
SR Stine Rolstad Brenna 1965	Board Member	-
AN Arild Nysæther 1971	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
MT Must Trine 1971	-	12.74 % directly 0.32 % indirectly 12.42 %
CM Christian Must Erik 1973	-	12.74 % directly 0.32 % indirectly 12.41 %
BC Bergesen Charlotte 1971	-	8.67 % indirectly
UC Ulrichsen Cathrine 1968	-	7.54 % indirectly
SB Sigval Bergesen Morten 1974	-	4.42 % indirectly
BH Bergesen Henrik 1982	-	4.25 % indirectly
US Ulrichsen Svendsen Henrik 1999	-	4.01 % directly < 0.01 % indirectly 3.99 %
US Ulrichsen Svendsen Caroline 2003	-	4 % directly < 0.01 % indirectly 3.99 %
SB Sigval Bergesen Morten 1951	-	3.83 % indirectly
CU Christian Ulrichsen Kjell 1944	-	1.65 % indirectly

Last update: Feb 18, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
U ULFOSS INVEST AS	Ordinary shares	14,709,875	26.27 %
H HAVFONN AS	Ordinary shares	14,567,900	26.02 %
M MUST INVEST AS	Ordinary shares	14,106,225	25.19 %
A ARENDALS FOSSEKOMPANI ASA	Ordinary shares	1,034,548	1.85 %
F FOLKETRYGDFONDET	Ordinary shares	761,759	1.36 %
S SVANHILD OG ARNE MUSTS FOND FOR MEDISINSK FORSKNING STI	Ordinary shares	657,225	1.17 %
F FABULOUS AS	Ordinary shares	453,853	0.81 %
JP Johansen Per-Dietrich 1939	Ordinary shares	375,375	0.67 %
F FONDSFINANS PENSJONSKASSE	Ordinary shares	356,228	0.64 %
F FLØTEMARKEN AS	Ordinary shares	323,671	0.58 %
BE Bøhler Erik 1948	Ordinary shares	280,100	0.5 %
S SVERRE VALVIK AS	Ordinary shares	270,000	0.48 %
B BØHLER INVEST AS	Ordinary shares	265,000	0.47 %
OA Oland Aksel 1965	Ordinary shares	237,994	0.43 %
R ROPERN AS	Ordinary shares	237,478	0.42 %
AM Altenburg Must Annelise 1944	Ordinary shares	216,675	0.39 %
O OTTERSLAND AS	Ordinary shares	200,000	0.36 %
MT Must Trine 1971	Ordinary shares	180,000	0.32 %
CM Christian Must Erik 1973	Ordinary shares	180,000	0.32 %
F FALCK FRÅS AS	Ordinary shares	170,000	0.3 %
MC Monica Campbell Else 1964	Ordinary shares	154,435	0.28 %
C Cat Invest 1 AS	Ordinary shares	144,768	0.26 %
A AUBERT INVEST AS	Ordinary shares	141,941	0.25 %
F FONDSFINANS UTDANNELSESFOND STI	Ordinary shares	118,500	0.21 %
I INSR ASA	Ordinary shares	118,434	0.21 %
B BY BRUG AS	Ordinary shares	105,000	0.19 %
A AS BJØRN INVESTOR	Ordinary shares	100,000	0.18 %
GE Gran Erik 1948	Ordinary shares	97,000	0.17 %
H HØSE AS	Ordinary shares	79,680	0.14 %
TJ Torgersen Jan 1951	Ordinary shares	72,300	0.13 %
S SKIBS AS VARP	Ordinary shares	66,750	0.12 %
EA Elisabeth Andenæs Karen 1967	Ordinary shares	62,100	0.11 %
F FJORD HOLDING AS	Ordinary shares	61,576	0.11 %
G GOLDING INVEST AS	Ordinary shares	60,193	0.11 %
K KRISTIAN FALNES AS Closed	Ordinary shares	50,000	0.09 %
V VERDIPAPIRFONDET STOREBRAND INDEKS - NORGE	Ordinary shares	48,627	0.09 %
H HØGDA AS	Ordinary shares	48,385	0.09 %
V VEDELER AS	Ordinary shares	40,000	0.07 %
H HEC-VEST AS	Ordinary shares	39,474	0.07 %
A ATH INVEST 2 AS	Ordinary shares	39,172	0.07 %
MJ Mohn Johan 1954	Ordinary shares	38,490	0.07 %
EA Erik Amundsen Svein 1943	Ordinary shares	37,750	0.07 %
CB Christine Blom Ida 1961	Ordinary shares	35,000	0.06 %
CB Christopher Blom Henning 1961	Ordinary shares	33,000	0.06 %
MD Martin Dalen Jens 1935	Ordinary shares	32,300	0.06 %
C CISSONE AS	Ordinary shares	32,144	0.06 %
RJ Reilstad Jenny 1963	Ordinary shares	31,575	0.06 %
MB Martha Bøe Aase 1939	Ordinary shares	30,775	0.05 %
GR Gregor Rasmussen Petter 1971	Ordinary shares	30,000	0.05 %
H H RESSEM AS	Ordinary shares	29,795	0.05 %
CB Cæsar Bang Thomas 1953	Ordinary shares	28,800	0.05 %
AA Andenæs Axelsen Kristian 2006	Ordinary shares	27,725	0.05 %
AA Andenæs Axelsen Ida 2001	Ordinary shares	27,675	0.05 %
AA Andenæs Axelsen Tuva 2003	Ordinary shares	27,675	0.05 %
RO Reilstad Olav 1965	Ordinary shares	27,325	0.05 %
RJ Roll-Hansen Jørgen 1947	Ordinary shares	25,570	0.05 %
GT Gundersen Tore 1939	Ordinary shares	25,000	0.04 %
RG Romedal Gabrielsen Thor 1948	Ordinary shares	25,000	0.04 %
M MESSMER INVEST AS	Ordinary shares	25,000	0.04 %
S SOLLI INVEST AS	Ordinary shares	23,600	0.04 %
EA Emil Aubert George 1960	Ordinary shares	22,125	0.04 %
AA Aubert Annette 1963	Ordinary shares	22,100	0.04 %
A ALTA STRAND CAMPING & APARTMENT AS	Ordinary shares	22,000	0.04 %
DK Dessingthon Knut 1932	Ordinary shares	21,850	0.04 %
GJ Gunnar Johansson Lars 1969	Ordinary shares	20,500	0.04 %
A ATH INVEST AS	Ordinary shares	20,497	0.04 %
E EXCESSION AS	Ordinary shares	20,000	0.04 %
S SPECTATIO INVEST AS	Ordinary shares	20,000	0.04 %
D DAMGLØTT AS	Ordinary shares	19,635	0.04 %
R RUTH KARIN HOLTA HOLDING AS	Ordinary shares	19,519	0.03 %
E ETCONA AS	Ordinary shares	19,412	0.03 %
ES Erik Schultz Jon 1941	Ordinary shares	19,000	0.03 %
HT Hermansen Tor 1941	Ordinary shares	18,800	0.03 %
K KARL SIVERT SUNDE AS	Ordinary shares	18,592	0.03 %
BS Bergwitz-Larsen Sissel 1964	Ordinary shares	18,007	0.03 %
KT Karin Torgersen Eli 1939	Ordinary shares	18,000	0.03 %
HO Harald Oeding Per 1943	Ordinary shares	17,875	0.03 %
KB Knudtzon Birger 1936	Ordinary shares	17,550	0.03 %
BU Bjørn Ugland Tore 1937	Ordinary shares	17,475	0.03 %
A AUGUST RINGVOLD AGENTUR AS	Ordinary shares	17,343	0.03 %
GG Gadeholt Grim 1959	Ordinary shares	15,800	0.03 %
O OAVIK INVEST AS	Ordinary shares	15,637	0.03 %
F FERNHEIM AS	Ordinary shares	15,019	0.03 %
KS Krogsæter Svein 1958	Ordinary shares	15,013	0.03 %
N NORDA ASA	Ordinary shares	15,000	0.03 %
LG Line Gunnar 1956	Ordinary shares	15,000	0.03 %
SG Sigmund Gjedrem Jens 1937	Ordinary shares	15,000	0.03 %
BK Bergwitz-Larsen Kari 1961	Ordinary shares	15,000	0.03 %
RI Raknerud Inger 1942	Ordinary shares	15,000	0.03 %
LK Landmark Kristine 1954	Ordinary shares	14,800	0.03 %
P POLLEN INVEST AS	Ordinary shares	14,733	0.03 %
TD Toril Deinboll Gerd 1955	Ordinary shares	14,700	0.03 %
MS Martin Solvang Per 1941	Ordinary shares	14,541	0.03 %
BF Berntsen Frøydis 1942	Ordinary shares	14,400	0.03 %
WB Wold Bjørn 1945	Ordinary shares	14,122	0.03 %
BS Berg Stephansen Kirsten 1946	Ordinary shares	13,300	0.02 %
N NORDNET LIVSFORSIKRING AS	Ordinary shares	13,028	0.02 %
EH Elisabeth Hagen Toney Eva 1956	Ordinary shares	12,500	0.02 %
EH Erik Harder-Falck Leif 1945	Ordinary shares	12,500	0.02 %
SP Skovlie Per 1944	Ordinary shares	12,500	0.02 %

Shares owned by the ARENDALS FOSSEKOMPANI ASA

Name	Share class	Total number of shares	Share
A AFK AMPWELL AS	Ordinary shares	1,000	100 %
D DCNO 1 AS	Ordinary shares	1,000	100 %
A AFK SMÅKRAFT HOLDING AS	Ordinary shares	1,000	100 %
A AFK TYSKLAND HOLDING AS	Ordinary shares	1,000	100 %
A AFK EIENDOM AS	Ordinary shares	150,000	100 %
A ALYTIC AS	Ordinary shares	2,660,749	98.18 %
E ENRX GROUP AS	Ordinary shares	5,974,375	95.08 %
T TEKNA HOLDING ASA	Ordinary shares	164,637,743	72.38 %
F FARADAY TOPCO AS	Preference shares	2,339,315,911	36 %
S SKAGERAK CAPITAL IV AS	Ordinary shares	31,429,816	11.45 %
F FLUMILL INVEST AS	Ordinary shares	2,815,744	7.54 %
N NORSE HOLDING AS	Ordinary shares	1,000,000	6.61 %
F FROLENDINGEN AS	Ordinary shares	25	3.81 %
B BEYONDER AS	Ordinary shares	112,780	2.65 %
N NORSUN HOLDING AS Closed	Ordinary shares	35,976	2.02 %
A ARENDALS FOSSEKOMPANI ASA	Ordinary shares	1,034,548	1.85 %
V VERD INVESTERING AS	Ordinary shares	52	0.93 %
A ARENDAL BY AS	Ordinary shares	1	0.26 %
M MORROW BATTERIES ASA Under liquidation	Ordinary shares	11,641	0.25 %
S SPOTLIO AS	Ordinary shares	423,167	0.21 %
N NORSE ATLANTIC ASA	Ordinary shares	320,625	0.2 %
K KONGSBERG GRUPPEN ASA	Ordinary shares	129,060	< 0.01 %

Last update: Sep 25, 2026

Group structure

ARENDALS FOSSEKOMPANI ASA
Total operating income 2025: NOK 376,207,000
Operating profit 2025: NOK 172,080,000
Employees: 42

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	376,207,000	377,162,000	519,315,000	628,087,000	382,371,000
Annual Total Result	28,521,000	2,423,348,000	211,112,000	604,305,000	1,421,553,000
Total assets	0	6,390,850,000	4,946,766,000	4,238,145,000	3,628,673,000
Total liabilities	0	1,123,748,000	1,920,804,000	1,210,780,000	756,885,000
Total equity	0	5,267,102,000	3,025,962,000	3,027,365,000	2,871,788,000

P&L

Year	2025	2024	2023	2022	2021
Total operating income	376,207,000	377,162,000	519,315,000	628,087,000	382,371,000
Total operating costs	204,127,000	203,202,000	184,604,000	178,590,000	146,866,000
Operating result	172,080,000	173,960,000	334,711,000	449,497,000	235,505,000
Financial income/costs	3,007,000	2,387,685,000	175,220,000	546,957,000	1,345,469,000
Profit before tax	175,087,000	2,561,645,000	509,931,000	996,454,000	1,580,974,000
Total tax & extraordinary income/cost	146,566,000	138,297,000	298,819,000	392,149,000	159,421,000
Annual Total Result	28,521,000	2,423,348,000	211,112,000	604,305,000	1,421,553,000

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	5,268,383,000	3,623,627,000	2,557,669,000	2,043,270,000
Total current assets	1,122,467,000	1,323,139,000	1,680,476,000	1,585,403,000
Total assets	6,390,850,000	4,946,766,000	4,238,145,000	3,628,673,000
Short term debt	251,149,000	393,850,000	491,675,000	227,848,000
Long term debt	872,599,000	1,526,954,000	719,105,000	529,037,000
Total liabilities	1,123,748,000	1,920,804,000	1,210,780,000	756,885,000
Contributed capital	146,457,000	136,647,000	135,769,000	170,982,000
Retained earnings	5,120,645,000	2,889,315,000	2,891,596,000	2,700,806,000
Total equity	5,267,102,000	3,025,962,000	3,027,365,000	2,871,788,000
Total equity and liabilities	6,390,850,000	4,946,766,000	4,238,145,000	3,628,673,000

Classification

21st company classification

BETA

Industrial mother company

Type of organization

Public limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

Standard industrial classification

ARENDALS FOSSEKOMPANI ASA910 261 525