POLARIS NORWAY AS

Operating

POLARIS® - THINK OUTSIDE

We pioneer product breakthroughs which help people work and play outside. Explore our line of products from powersports to commercial, government and military vehicles.

Selge, kjøpe, distribuere, importere, eksportere, produsere ulike transportmidler og relaterte produkter og tjenester, samt leie og utleie av transportmidler, og alt som står i forbindelse her med.

Keywords

fuellubricating greaselubricating oilsoilscharcoalcoalcokefirewoodnaphthacrude oildiesel oilgasolinefuel oilheating oilpetroleumbottled gasbutane gaspropane gasoil products

Organization

CEO: TH
Truls Haakon Tvete1965
Chairman of the board: TH
Truls Haakon Tvete1965
Years since formation: 24 years; since Sep 27, 2002
Type: Limited company
VAT registered: Yes
Number of employees: 12

Ownership

Number of shares and share classes: 100,000; 1 share class
Total number of shareholders: 1; person

Financials

Total operating income 2025: 376,728,632; NOK
Annual total result 2025: 8,363,921; NOK
Total equity 2025: 117,537,405; NOK

Last update: Jul 16, 2026

Management

Management / administration

Name	Role	Shares
TH Truls Haakon Tvete 1965	Managing Director/CEO	-

Board

Name	Role	Shares
TH Truls Haakon Tvete 1965	Chairman	-
JO John Oscar Albin Axell 1980	Board Member	-
JG John Glover Springer Iii 1967	Board Member	-
SM Sarah Muri Maveus 1969	Board Member	-
SA Stefanie Aurelia Pauline Herminjard 1986	Board Member	-

Others

Name	Role	Shares
C CEDRA NORGE BOREALIS AS	Auditor	-

Last update: Jul 21, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
SA Scandinavia Ab Polaris	Ordinary shares	100,000	100 %

Last update: Jun 2, 2025

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	376,728,632	408,405,128	474,218,659	495,464,057	376,270,911
Annual Total Result	8,363,921	8,734,869	9,969,600	24,878,903	12,050,096
Total assets	171,113,027	149,797,941	235,272,394	240,986,408	117,856,334
Total liabilities	53,575,621	41,057,377	135,032,703	150,260,850	50,854,479
Total equity	117,537,405	108,740,565	100,239,689	90,725,559	67,001,855

P&L

Year	2025	2024	2023	2022	2021
Total operating income	376,728,632	408,405,128	474,218,659	495,464,057	376,270,911
Total operating costs	365,951,445	397,392,015	461,538,266	463,271,021	360,763,935
Operating result	10,777,187	11,013,113	12,680,393	32,193,036	15,506,976
Financial income/costs	270,751	155,664	148,504	-548,545	58,160
Profit before tax	11,047,938	11,168,777	12,828,897	31,644,491	15,565,136
Total tax & extraordinary income/cost	2,684,017	2,433,908	2,859,297	6,765,588	3,515,040
Annual Total Result	8,363,921	8,734,869	9,969,600	24,878,903	12,050,096

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	4,091,649	3,554,306	3,007,129	3,352,569	2,038,216
Total current assets	167,021,378	146,243,635	232,265,265	237,633,839	115,818,118
Total assets	171,113,027	149,797,941	235,272,394	240,986,408	117,856,334
Short term debt	53,424,540	40,506,996	134,457,110	149,971,500	50,239,655
Long term debt	151,081	550,381	575,593	289,350	614,824
Total liabilities	53,575,621	41,057,377	135,032,703	150,260,850	50,854,479
Contributed capital	13,286,267	12,500,975	12,061,511	11,438,073	10,817,317
Retained earnings	104,251,138	96,239,590	88,178,178	79,287,486	56,184,538
Total equity	117,537,405	108,740,565	100,239,689	90,725,559	67,001,855
Total equity and liabilities	171,113,026	149,797,942	235,272,392	240,986,409	117,856,334

Classification

21st company classification

BETA

Industrial large enterprise

POLARIS NORWAY AS984 892 438