THOR MEDICAL ASA

Operating

Thor Medical | Alpha emitters for cancer therapy

Thor Medical will become the world leading supplier of alpha emitters for cancer therapy.

Levere alfaemittere til leverandører og utviklere av innovative legemidler som retter seg mot indikasjoner med høyt udekket medisinsk behov, inkludert eventuelle medisinske produkter og utstyr, og å drive virksomhet relatert til dette eller forbundet med dette.

Utvikling, produksjon, markedsføring og salg av medisinske produkter og utstyr.

Organization

CEO: JC
Jasper Cornelius Kurth1984
Chairman of the board: JA
John Andersen1967
Years since formation: 17 years; since Jul 7, 2009
Type: Public limited company
VAT registered: Yes
Number of employees: 23

Ownership

Number of shares and share classes: 354,076,894; 1 share class
Total number of shareholders: 14414; 681 companies, 13,733 persons
Belongs to group of

Financials

Total operating income 2025: 839,000; NOK
Annual total result 2025: -42,468,000; NOK
Total equity 2025: 475,867,000; NOK

Last update: Sep 14, 2026

Management

Management / administration

Name	Role	Shares
JC Jasper Cornelius Kurth 1984	Managing Director/CEO	-

Board

Name	Role	Shares
JA John Andersen 1967	Chairman	-
MK Mimi Kristine Berdal 1959	Board Member	-
AU Ann Ulrika Gidner 1966	Board Member	-
TR Thomas Ramdahl 1956	Board Member	-
JG Jens Gisle Schnelle 1985	Board Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
E ENORA AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
BT Bjørseth-Andersen Tone 1969	-	16.23 % indirectly
FH Felix Heinrich Richard 1983	-	5.08 % indirectly
BM Bjørseth-Andersen Marcus 2003	-	2.3 % indirectly
BB Bjørseth-Andersen Benedicte 2006	-	2.3 % indirectly
BC Bjørseth-Andersen Celina 1999	-	2.3 % indirectly
RC Ringnes Christian 1954	-	2.05 % indirectly
DC Diderik Cappelen Johan 1988	-	1.83 % indirectly
GB Gaute Bergfald Bård 1970	-	1.66 % indirectly
DC Diderik Cappelen Carl 1955	-	1.28 % indirectly

Last update: Dec 3, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
S SCATEC INNOVATION AS	Ordinary shares	82,118,280	23.19 %
O OLILI AS	Ordinary shares	18,000,000	5.08 %
R ROHT INVEST AS	Ordinary shares	14,544,640	4.11 %
B BRENNEBU AS	Ordinary shares	11,000,000	3.11 %
N NORDNET LIVSFORSIKRING AS	Ordinary shares	6,787,449	1.92 %
B BERGFALD HOLDING AS	Ordinary shares	5,863,228	1.66 %
M MP PENSJON PK	Ordinary shares	4,295,063	1.21 %
MA Magne Asmyr Jon 1973	Ordinary shares	3,500,000	0.99 %
V VERDIPAPIRFONDET KLP AKSJENORGE INDEKS	Ordinary shares	3,134,843	0.89 %
W WORKPARTNER AS	Ordinary shares	2,601,890	0.73 %
B BÆKKELAGET HOLDING AS	Ordinary shares	2,400,000	0.68 %
M MIDDELBOE AS	Ordinary shares	2,175,949	0.61 %
S SCIENCONS AS	Ordinary shares	2,000,000	0.56 %
V VERDIPAPIRFONDET DNB NORGE INDEKS	Ordinary shares	1,996,485	0.56 %
KO Kjellman Opedal Eivind 1960	Ordinary shares	1,651,500	0.47 %
V VERDIPAPIRFONDET STOREBRAND INDEKS - NORGE	Ordinary shares	1,629,843	0.46 %
PJ Pedersen Jan-Tore 1951	Ordinary shares	1,502,099	0.42 %
M MUSDALSSÆTRA INVEST AS	Ordinary shares	1,500,000	0.42 %
B B GOOD INDUSTRIES AS	Ordinary shares	1,481,346	0.42 %
FG Freberg Gunnar 1955	Ordinary shares	1,300,000	0.37 %
J JOL DRIFT AS	Ordinary shares	1,271,866	0.36 %
NT Nordbø Thomas 1984	Ordinary shares	1,233,338	0.35 %
V VERDIPAPIRFONDET EQUINOR AKSJER NORGE	Ordinary shares	1,100,000	0.31 %
A ARNE HELLESTØ AS	Ordinary shares	1,090,304	0.31 %
SL Sandnes Ludvik 1949	Ordinary shares	1,028,427	0.29 %
SJ Silberg Johnny 1940	Ordinary shares	1,000,000	0.28 %
K KOMMUNAL LANDSPENSJONSKASSE GJENSIDIG FORSIKRINGSSELSKAP	Ordinary shares	968,192	0.27 %
A ABDALY SPESIALIST ALLMENNMEDISIN AS	Ordinary shares	915,440	0.26 %
FH Fredrik Hellestø Arne 1950	Ordinary shares	888,456	0.25 %
EK Edmund Klepp Tor 1953	Ordinary shares	800,000	0.23 %
L LUCELLUM AS	Ordinary shares	790,000	0.22 %
R RØDKLEV AS	Ordinary shares	780,000	0.22 %
EJ Ellingsen Jørgen 1966	Ordinary shares	771,033	0.22 %
KB Kristine Berdal Mimi 1959	Ordinary shares	761,508	0.22 %
A AHLBOM HOLDING AS	Ordinary shares	750,000	0.21 %
A ALLEGRO AS	Ordinary shares	700,546	0.2 %
V VERDIPAPIRFONDET ALFRED BERG INDEKS	Ordinary shares	700,000	0.2 %
O OCOBIAM AS	Ordinary shares	700,000	0.2 %
M MUST INVEST AS	Ordinary shares	700,000	0.2 %
S SAUAR INVEST AS	Ordinary shares	684,078	0.19 %
AS Alghasi Sharam 1965	Ordinary shares	641,000	0.18 %
FE Fredriksen Elvehøy Ragnar 1994	Ordinary shares	610,000	0.17 %
SC Sortland Christian 1986	Ordinary shares	607,273	0.17 %
LB Lund Bjørn 1949	Ordinary shares	590,000	0.17 %
R REARDEN AS	Ordinary shares	563,712	0.16 %
MT Mobæk Trond 1982	Ordinary shares	560,000	0.16 %
NS Nytrøen Stig 1969	Ordinary shares	550,200	0.16 %
N NATURZEIT AS	Ordinary shares	545,156	0.15 %
I INVEN2 AS	Ordinary shares	541,247	0.15 %
SM Skjerven Marit 1959	Ordinary shares	530,000	0.15 %
S Sirius AS	Ordinary shares	525,000	0.15 %
DT Dørum Thomas 1977	Ordinary shares	504,000	0.14 %
S SANDE LEGESENTER EIENDOM DA	Ordinary shares	490,970	0.14 %
CR Consepcion Ramos Cuadra Jorge 1958	Ordinary shares	490,742	0.14 %
SA Stakston Arnfinn 1966	Ordinary shares	487,190	0.14 %
VT Vangstad Tore 1969	Ordinary shares	479,118	0.14 %
MT Martin Tollefsen Bjørn 1958	Ordinary shares	470,000	0.13 %
EB Egil Bull Skadberg John 1951	Ordinary shares	460,000	0.13 %
BA Bjørseth Alf 1941	Ordinary shares	447,855	0.13 %
R ROLF ANDREASSEN AS	Ordinary shares	436,721	0.12 %
AM Aanonsen Martin 1955	Ordinary shares	430,000	0.12 %
OP Olav Pettersen Tore 1965	Ordinary shares	400,000	0.11 %
LB Li Boguang 1982	Ordinary shares	400,000	0.11 %
H HEITZEN INVEST AS	Ordinary shares	400,000	0.11 %
U ULEFOSS KRAFTVERK DA	Ordinary shares	400,000	0.11 %
CK Cornelius Kurth Jasper 1984	Ordinary shares	400,000	0.11 %
TG Tveit Gustavsen Tage 1975	Ordinary shares	397,232	0.11 %
M MULTITAINMENT AS	Ordinary shares	390,000	0.11 %
V VIASOFT AS	Ordinary shares	374,690	0.11 %
E EKORNHUSET AS	Ordinary shares	371,573	0.1 %
L LINDA STUSVIK KILE AS	Ordinary shares	360,000	0.1 %
RM Reier-Nilsen Morten 1967	Ordinary shares	354,458	0.1 %
RF Reier-Nilsen Frode 1972	Ordinary shares	354,458	0.1 %
T TRACK AS	Ordinary shares	350,364	0.1 %
ØO Øverland Olav 1947	Ordinary shares	350,000	0.1 %
P PINGVIN INVEST AS	Ordinary shares	344,996	0.1 %
HE Heir Edvard 1986	Ordinary shares	340,300	0.1 %
HJ Henrik Johansen Thor 1981	Ordinary shares	337,100	0.1 %
LT Lima Torstein 1970	Ordinary shares	324,868	0.09 %
N NEMETH FINANS AS	Ordinary shares	321,172	0.09 %
HS Henrik Svensson Claus 1962	Ordinary shares	317,000	0.09 %
G GRINDØY AS	Ordinary shares	315,066	0.09 %
MN Magne Nilsen Per 1953	Ordinary shares	311,000	0.09 %
KL Kåre Laaveg Hans 1967	Ordinary shares	307,871	0.09 %
E ENGERHAGAN AS	Ordinary shares	307,502	0.09 %
G GVJ INVEST AS	Ordinary shares	300,000	0.08 %
SG Sogndalen Gunnar 1951	Ordinary shares	300,000	0.08 %
B BRENDESKARET AS	Ordinary shares	300,000	0.08 %
F FEMS AS	Ordinary shares	300,000	0.08 %
RA Rune Aasrum Midtgarden Paul 1961	Ordinary shares	290,000	0.08 %
EÅ Eriksen Åge 1956	Ordinary shares	285,000	0.08 %
VJ Valentic Janko 1992	Ordinary shares	283,681	0.08 %
BS Bjarte Sårheim Helge 1954	Ordinary shares	282,585	0.08 %
SE Stordahl Edvard 1981	Ordinary shares	280,192	0.08 %
P PRANA INVEST AS	Ordinary shares	280,154	0.08 %
SL Svendsen Landmark Adrian 1998	Ordinary shares	273,018	0.08 %
AI Aakre Ivar 1976	Ordinary shares	262,401	0.07 %
ST Strand Tore 1968	Ordinary shares	260,010	0.07 %
NN Nordal Nesse Jarle 1948	Ordinary shares	260,000	0.07 %
F FLAGHOLMEN INVEST AS	Ordinary shares	258,559	0.07 %

Shares owned by the THOR MEDICAL ASA

Name	Share class	Total number of shares	Share
T TM TECHNOLOGIES AS	Ordinary shares	641,732	100 %

Last update: Sep 25, 2026

Group structure

THOR MEDICAL ASA
Total operating income 2025: NOK 839,000
Operating profit 2025: NOK -50,423,000
Employees: 23

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	839,000	0	0	0	0
Annual Total Result	-42,468,000	-40,593,000	-2,855,000	-310,251,000	-433,151,000
Total assets	507,350,000	363,926,000	278,406,000	95,301,000	281,528,000
Total liabilities	31,482,000	22,462,000	3,777,000	42,079,000	151,189,000
Total equity	475,867,000	341,463,000	274,629,000	53,222,000	130,339,000

P&L

Year	2025	2024	2023	2022	2021
Total operating income	839,000	0	0	0	0
Total operating costs	51,262,000	41,946,000	4,356,000	325,323,000	445,164,000
Operating result	-50,423,000	-41,946,000	-4,356,000	-325,323,000	-445,164,000
Financial income/costs	7,955,000	1,353,000	1,501,000	15,179,000	12,149,000
Profit before tax	-42,468,000	-40,593,000	-2,855,000	-310,144,000	-433,015,000
Total tax & extraordinary income/cost	0	0	0	107,000	136,000
Annual Total Result	-42,468,000	-40,593,000	-2,855,000	-310,251,000	-433,151,000

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	308,594,000	234,847,000	234,728,000	674,000	6,080,000
Total current assets	198,756,000	129,079,000	43,678,000	94,627,000	275,448,000
Total assets	507,350,000	363,926,000	278,406,000	95,301,000	281,528,000
Short term debt	31,482,000	22,462,000	3,777,000	42,079,000	151,189,000
Long term debt	0	0	0	0	0
Total liabilities	31,482,000	22,462,000	3,777,000	42,079,000	151,189,000
Contributed capital	577,076,000	400,204,000	292,777,000	55,624,000	162,491,000
Retained earnings	-101,209,000	-58,741,000	-18,148,000	-2,402,000	-32,152,000
Total equity	475,867,000	341,463,000	274,629,000	53,222,000	130,339,000
Total equity and liabilities	507,349,000	363,925,000	278,406,000	95,301,000	281,528,000

Classification

21st company classification

BETA

Small 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

THOR MEDICAL ASA994 297 422

THOR MEDICAL ASA

Links

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the THOR MEDICAL ASA

Group structure

Financials

Summary

P&L

Balance overview

Classification