ELGAR KAPITAL AS

Operating

Investeringsselskap som skal forvaltes og markedsføres etter lov om forvaltning av alternative investeringsfond.

Investeringsselskap etter lov om alternative investeringsfond.

Organization

CEO: DE
Dag Elgar Sønsterud1961
Chairman of the board: TF
Terje Frafjord1970
Years since formation: 7 years; since Nov 16, 2019
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 6,618,881; 1 share class
Total number of shareholders: 72; 70 companies, 2 persons

Financials

Total operating income 2025: 257,891,816; NOK
Annual total result 2025: 222,841,443; NOK
Total equity 2025: 1,211,452,371; NOK

Last update: Oct 13, 2026

Management

Management / administration

Name	Role	Shares
DE Dag Elgar Sønsterud 1961	Managing Director/CEO	-

Board

Name	Role	Shares
TF Terje Frafjord 1970	Chairman	-
TH Torbjørn Hole Frønningen 1974	Board Member	-
TK Trine Karin Stangeland 1973	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-
K KJELL HAVER REGNSKAPSSERVICE AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
KB Kvia Bodil 1967	-	7.2 % indirectly
SS Slethei Siri 1951	-	4.96 % indirectly
SA Stangeland Arne 1957	-	4.89 % indirectly
KK Kvia Kristin 1973	-	4.29 % indirectly
EM Eide Myhre Marit 1987	-	3.9 % indirectly
EG Eide Gundersen Ingrid 1984	-	3.9 % indirectly
SH Stokke Henning 1964	-	3.32 % indirectly
SO Stangeland Olav 1955	-	3.07 % indirectly
SS Skovgaard Slethei Tonje 1974	-	2.29 % indirectly
EW Erichsen Wiggo 1957	-	2.19 % indirectly

Last update: Apr 5, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
M MARINGTO AS	Ordinary shares	644,898	9.74 %
L LEIF INGE SLETTHEI AS	Ordinary shares	479,783	7.25 %
B B KVIA HOLDING AS	Ordinary shares	453,705	6.85 %
S SANDNES KOMMUNALE PENSJONSKASSE	Ordinary shares	433,470	6.55 %
A AJ STANGELAND HOLDING AS	Ordinary shares	323,752	4.89 %
K K KVIA HOLDING AS	Ordinary shares	261,496	3.95 %
M MYRVEIEN VEKST AS	Ordinary shares	219,905	3.32 %
O OLAVS HOLDING AS	Ordinary shares	203,027	3.07 %
S SPAREBANKSTIFTINGA JÆREN - TIME OG HÅ	Ordinary shares	194,458	2.94 %
W WIGGO ERICHSEN HOLDING AS	Ordinary shares	144,862	2.19 %
N NESE AS	Ordinary shares	142,644	2.16 %
R REIGSTAD AS	Ordinary shares	136,488	2.06 %
T TIME KOMMUNE	Ordinary shares	131,246	1.98 %
J JOMABI AS	Ordinary shares	122,291	1.85 %
E ELGAR AS	Ordinary shares	119,764	1.81 %
F FRODO INVEST AS	Ordinary shares	114,079	1.72 %
O OLDEIDE INVEST AS	Ordinary shares	103,314	1.56 %
A A.S. KVIA HOLDING AS	Ordinary shares	97,337	1.47 %
B BRS-HOLDING AS	Ordinary shares	96,663	1.46 %
S SA SKÅLAND AS	Ordinary shares	95,903	1.45 %
J JORAN HOLDING AS	Ordinary shares	92,813	1.4 %
S SAVOCA AS	Ordinary shares	84,776	1.28 %
H HH INVESTERING AS	Ordinary shares	81,747	1.24 %
Ø ØSTREM INVEST AS	Ordinary shares	79,516	1.2 %
F FANTASEA AS	Ordinary shares	77,606	1.17 %
H HCM GROUP AS	Ordinary shares	77,370	1.17 %
S SOLSKINN INVESTERING AS	Ordinary shares	74,323	1.12 %
S SEGBÅSS AS	Ordinary shares	70,484	1.06 %
G GARNENG KAPITAL AS	Ordinary shares	69,636	1.05 %
K KVIA INVESTERING AS	Ordinary shares	67,987	1.03 %
J JOSMAG AS	Ordinary shares	66,729	1.01 %
KE Kristian Eiane Per 1962	Ordinary shares	61,022	0.92 %
H HERMANSEN BIL AS	Ordinary shares	60,489	0.91 %
B BRYNEHAUGEN AS	Ordinary shares	59,227	0.89 %
G GRUDE INVEST AS	Ordinary shares	57,256	0.87 %
C COOPERNOG AS	Ordinary shares	56,947	0.86 %
O OBN AS	Ordinary shares	56,053	0.85 %
T TRALLFA CAPITAL AS	Ordinary shares	48,134	0.73 %
G GANGAREN AS	Ordinary shares	47,970	0.72 %
M MACRO PARTNER AS	Ordinary shares	47,538	0.72 %
N NORT AS	Ordinary shares	46,069	0.7 %
I INDUSTRI-INVEST AS	Ordinary shares	41,624	0.63 %
S STIFTELSEN STAVANGER HAVNEMISJON	Ordinary shares	39,872	0.6 %
A ANBJØRN ÅDLAND NUF	Ordinary shares	36,370	0.55 %
T TUK HOLDING AS	Ordinary shares	34,846	0.53 %
N NKS JÆREN DISTRIKTSPSYKIATRISKE SENTER AS	Ordinary shares	34,272	0.52 %
T TH-KAPITAL AS	Ordinary shares	33,417	0.5 %
V VISENTO AS	Ordinary shares	33,266	0.5 %
S SANDNES BYGG HOLDING AS	Ordinary shares	33,131	0.5 %
B BUSOLAR AS	Ordinary shares	32,586	0.49 %
C CAMAID INVEST AS	Ordinary shares	31,646	0.48 %
OB Oftedal Bjarte 1995	Ordinary shares	29,168	0.44 %
K KVILE INVEST AS	Ordinary shares	27,990	0.42 %
R RA-INVEST AS	Ordinary shares	26,504	0.4 %
D DOWN UNDER HOLDING AS	Ordinary shares	26,161	0.4 %
S SPARFLY AS	Ordinary shares	23,182	0.35 %
H HODNEFJELL INVEST AS	Ordinary shares	20,907	0.32 %
M MEDEN AS	Ordinary shares	19,940	0.3 %
V VERUS AS	Ordinary shares	19,609	0.3 %
G GESORK AS	Ordinary shares	19,531	0.3 %
T TIBUR AS	Ordinary shares	16,565	0.25 %
K KYLA AS	Ordinary shares	16,293	0.25 %
B BUKE INVEST AS	Ordinary shares	16,217	0.25 %
S STEINBRA HOLDING AS	Ordinary shares	15,822	0.24 %
V VELDE HOLDING AS	Ordinary shares	15,100	0.23 %
B BEKKJEN AS	Ordinary shares	13,252	0.2 %
R REG INVEST AS	Ordinary shares	12,982	0.2 %
L LOBEKK AS	Ordinary shares	10,702	0.16 %
P PERI HOLDING AS	Ordinary shares	9,938	0.15 %
S S. KYVIK HOLDING AS	Ordinary shares	9,877	0.15 %
W WW MOOR AS	Ordinary shares	7,739	0.12 %
A A-MARI AS	Ordinary shares	7,595	0.11 %

Shares owned by the ELGAR KAPITAL AS

Name	Share class	Total number of shares	Share
J JÆREN SPAREBANK	Ordinary shares	74,788	1.52 %
P PARETO BANK ASA	Ordinary shares	659,000	0.86 %
S SPAREBANK 1 RINGERIKE HADELAND	Ordinary shares	106,467	0.68 %
S SPAREBANK 1 NORD-NORGE	Ordinary shares	367,500	0.37 %
K KITRON ASA	Ordinary shares	642,601	0.3 %
A ATEA ASA	Ordinary shares	254,837	0.23 %
S SPAREBANK 1 SMN	Ordinary shares	282,000	0.2 %
S SPAREBANKEN NORGE	Ordinary shares	310,000	0.18 %
A AUSTEVOLL SEAFOOD ASA	Ordinary shares	370,588	0.18 %
P PROTECTOR FORSIKRING ASA	Ordinary shares	143,000	0.17 %
V Veidekke ASA	Ordinary shares	200,000	0.15 %
S STOREBRAND ASA	Ordinary shares	441,000	0.1 %
A AKER ASA	Ordinary shares	47,000	0.06 %
S SALMAR ASA	Ordinary shares	77,000	0.06 %
V VEND MARKETPLACES ASA	Ordinary shares	82,000	0.04 %
K KONGSBERG GRUPPEN ASA	Ordinary shares	125,000	< 0.01 %
D DNB BANK ASA	Ordinary shares	177,000	< 0.01 %
A AKER BP ASA	Ordinary shares	75,000	< 0.01 %

Last update: Sep 25, 2026

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	257,891,816	126,847,785	47,913,700	-13,561,715	77,418,480
Annual Total Result	222,841,443	109,468,684	40,469,095	-18,096,303	66,015,731
Total assets	1,220,790,366	729,834,497	519,580,622	405,564,403	327,362,971
Total liabilities	9,337,995	14,467,096	12,895,907	424,771	4,892,750
Total equity	1,211,452,371	715,367,401	506,684,715	405,139,632	322,470,221

P&L

Year	2025	2024	2023	2022	2021
Total operating income	257,891,816	126,847,785	47,913,700	-13,561,715	77,418,480
Total operating costs	35,892,350	17,781,370	7,727,581	4,543,568	11,402,749
Operating result	221,999,465	109,066,415	40,186,118	-18,105,283	66,015,731
Financial income/costs	841,978	402,269	282,977	8,980	0
Profit before tax	222,841,443	109,468,684	40,469,095	-18,096,303	66,015,731
Total tax & extraordinary income/cost	0	0	0	0	0
Annual Total Result	222,841,443	109,468,684	40,469,095	-18,096,303	66,015,731

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	0	0	0	0	0
Total current assets	1,220,790,366	729,834,497	519,580,622	405,564,403	327,362,971
Total assets	1,220,790,366	729,834,497	519,580,622	405,564,403	327,362,971
Short term debt	9,337,995	14,467,096	12,895,907	424,771	4,892,750
Long term debt	0	0	0	0	0
Total liabilities	9,337,995	14,467,096	12,895,907	424,771	4,892,750
Contributed capital	948,278,576	617,894,760	476,760,344	379,281,566	256,454,490
Retained earnings	263,173,794	97,472,641	29,924,371	25,858,066	66,015,731
Total equity	1,211,452,371	715,367,401	506,684,715	405,139,632	322,470,221
Total equity and liabilities	1,220,790,366	729,834,497	519,580,622	405,564,403	327,362,971

Classification

21st company classification

BETA

Small company

Type of organization

Limited company

Standard industrial classification

ELGAR KAPITAL AS823 833 202

ELGAR KAPITAL AS

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the ELGAR KAPITAL AS

Financials

Summary

P&L

Balance overview

Classification