SCATEC INNOVATION AS

Operating

We create value and make the world a little cleaner. Our business idea is to develop and implement new technology to produce renewable energy and advanced materials.

Selskapets formål er forretningsutvikling og investering i tidligfaseselskaper innenfor fornybar energi, avanserte materialer og andre høyteknologiselskaper.

Forskning, utvikling og konsulentvirksomhet innen høyteknologi, samt forretningsmessig utnyttelse av slik virksomhet.

Organization

CEO: JA
John Andersen1967
Chairman of the board: TB
Tone Bjørseth-Andersen1969
Years since formation: 31 years; since Feb 19, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 7

Ownership

Number of shares and share classes: 377,465; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2025: 7,009,973; NOK
Annual total result 2025: -154,581,519; NOK
Total equity 2025: 686,387,937; NOK

Last update: Jun 9, 2026

Management

Management / administration

Name	Role	Shares
JA John Andersen 1967	Managing Director/CEO	-

Board

Name	Role	Shares
TB Tone Bjørseth-Andersen 1969	Chairman	69.97 % indirectly
JA John Andersen 1967	Alternate Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
V VIEW GROUP AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
TB Tone Bjørseth-Andersen 1969	Chairman	69.97 % indirectly
CB Celina Bjørseth-Andersen 1999	-	9.9 % indirectly
MB Marcus Bjørseth-Andersen 2003	-	9.9 % indirectly
BB Bjørseth-Andersen Benedicte 2006	-	9.9 % indirectly

Last update: Jul 26, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
A ALCHEMIA CAPITAL AS	Ordinary shares	377,465	100 %

Shares owned by the SCATEC INNOVATION AS

Name	Share class	Total number of shares	Share
N NTI HOLDING AS	Ordinary shares	30,000	100 %
N NORSUN HOLDING AS Closed	Ordinary shares	30,000	100 %
T TEGMA AS	Ordinary shares	294,980	96.96 %
H HALO SOLAR HOLDING AS	Ordinary shares	21,000	70 %
S SCATEC INVEST II AS Closed	Ordinary shares	20,561	61.43 %
S SCATEC INVEST IV AS	Class B shares	50,000	50 %
T THOR MEDICAL ASA	NO0010597883	64,417,932	22.97 %
K KEEP-IT TECHNOLOGIES AS	NO0010597172	8,367,339	20.62 %
R REETEC HOLDING AS	NO0012446527	6,384,470	19.67 %
N NORSK TITANIUM AS	NO0010969108	133,320,621	16.62 %
F FJORDALG AS	Ordinary shares	46,014	12.62 %
F FRIFUGL DESIGN AS	Ordinary shares	457	6.53 %
S SCATEC ASA	NO0010715139	7,000,000	4.4 %
A ASPECTOR AS	Ordinary shares	3,868	3.05 %
R REDCORD AS	NO0010036270	11,470	0.34 %

Last update: Jun 2, 2025

Group structure

TBA HOLDING AS
Total operating income 2025: NOK 0
Operating profit 2025: NOK -180,442
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	7,009,973	8,375,667	11,204,723	8,585,000	7,789,000
Annual Total Result	-154,581,519	486,209,302	211,785,973	-138,301,000	-149,511,000
Total assets	690,106,195	707,929,979	965,830,228	679,633,000	717,311,000
Total liabilities	3,718,257	4,671,545	6,138,169	16,717,000	3,701,000
Total equity	686,387,937	703,258,434	959,692,059	662,915,000	713,610,000

P&L

Year	2025	2024	2023	2022	2021
Total operating income	7,009,973	8,375,667	11,204,723	8,585,000	7,789,000
Total operating costs	23,234,747	30,202,122	31,256,444	22,418,000	18,976,000
Operating result	-16,224,774	-21,826,455	-20,051,721	-13,833,000	-11,187,000
Financial income/costs	-138,356,745	508,035,757	231,837,693	-124,468,000	-138,324,000
Profit before tax	-154,581,519	486,209,302	211,785,973	-138,301,000	-149,511,000
Total tax & extraordinary income/cost	0	0	0	0	0
Annual Total Result	-154,581,519	486,209,302	211,785,973	-138,301,000	-149,511,000

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	677,071,107	697,511,219	633,787,392	639,341,000	658,730,000
Total current assets	13,035,088	10,418,761	332,042,836	40,292,000	58,581,000
Total assets	690,106,195	707,929,979	965,830,228	679,633,000	717,311,000
Short term debt	3,718,257	4,671,545	6,138,169	16,717,000	3,701,000
Long term debt	0	0	0	0	0
Total liabilities	3,718,257	4,671,545	6,138,169	16,717,000	3,701,000
Contributed capital	686,387,938	703,258,434	747,906,086	662,915,000	377,000
Retained earnings	0	0	211,785,973	0	713,233,000
Total equity	686,387,937	703,258,434	959,692,059	662,915,000	713,610,000
Total equity and liabilities	690,106,195	707,929,979	965,830,228	679,633,000	717,311,000

Classification

21st company classification

BETA

Small company

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

SCATEC INNOVATION AS947 996 320