Alan Walker AS reports revenue drop but issues 40 million NOK dividend

The annual accounts for Alan Walker AS, the company belonging to Norwegian DJ and music producer Alan Walker, show a significant decrease in operating income. Revenue fell from 51 million NOK in 2024 to 33 million NOK in 2025.

Despite the drop in revenue, the company paid out a dividend of 40 million NOK last year. Because this amount exceeded the year's profit of approximately 21.9 million NOK, the remaining 18.2 million NOK was covered by reducing the company's earned equity.

Expenses were also reduced during this period, falling from 42.6 million NOK in 2024 to 24 million NOK in 2025. The company is wholly owned by Alan Olav Walker, though he and manager Gunnar Greve each own 50 percent of the parent company.