Ørsted Balance Sheet

Financials in millions DKK. Fiscal year is January - December.

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	28,036	53,448	23,126	10,145	16,178	8,624
Short-Term Investments	50,701	33,635	10,129	29,515	24,428	6,210
Accounts Receivable	7,835	9,848	9,369	11,909	13,109	9,567
Other Receivables	11,576	11,811	15,616	11,087	20,708	17,334
Inventory	13,211	9,938	12,379	10,539	14,103	15,998
Other Current Assets	15,796	18,830	9,020	10,860	24,202	30,431
Total Current Assets	127,155	137,510	79,639	84,055	112,728	88,164
Property, Plant & Equipment	216,441	210,866	201,694	179,769	177,665	161,396
Goodwill	-	125	1,713	1,847	1,843	125
Other Intangible Assets	763	630	898	1,579	2,186	1,418
Long-Term Investments	629	669	1,214	1,127	954	793
Long-Term Deferred Tax Assets	7,181	9,547	9,250	8,192	13,719	13,281
Other Long-Term Assets	8,163	8,575	4,378	4,567	5,047	5,208
Total Assets	360,332	367,922	298,786	281,136	314,142	270,385
Accounts Payable	21,639	19,764	20,827	14,915	20,641	20,231
Accrued Expenses	4,161	3,663	4,320	3,397	1,903	1,206
Current Portion of Long-Term Debt	2,255	11,658	4,101	384	2,830	19,493
Current Unearned Revenue	10,562	13,847	2,578	2,785	2,269	2,440
Current Portion of Leases	841	875	834	808	569	720
Current Income Taxes Payable	4,073	4,631	4,177	6,283	5,115	5,021
Other Current Liabilities	15,238	12,710	16,915	30,629	41,541	38,349
Total Current Liabilities	58,769	67,148	53,752	59,201	74,868	87,460
Long-Term Debt	86,803	87,204	83,607	79,236	60,451	31,502
Long-Term Leases	8,365	8,120	8,076	7,618	7,697	6,812
Long-Term Unearned Revenue	8,173	8,257	8,834	3,297	3,085	3,230
Long-Term Deferred Tax Liabilities	183	1,969	2,433	3,439	7,414	5,616
Other Long-Term Liabilities	47,241	46,283	48,600	50,554	65,095	50,628
Total Liabilities	209,534	218,981	205,302	203,345	218,610	185,248
Common Stock	13,212	13,212	4,204	4,204	4,204	4,204
Retained Earnings	117,894	115,670	63,098	62,829	94,006	84,646
Comprehensive Income & Other	11,194	11,791	15,791	8,852	-6,674	-6,794
Total Common Equity	142,300	140,673	83,093	75,885	91,536	82,056
Minority Interest	8,498	8,268	10,391	1,906	3,996	3,081
Shareholders' Equity	150,798	148,941	93,484	77,791	95,532	85,137
Total Liabilities & Equity	360,332	367,922	298,786	281,136	314,142	270,385
Total Debt	98,264	107,857	96,618	88,046	71,547	58,527
Net Cash (Debt)	-19,527	-20,774	-63,363	-48,386	-30,941	-43,693
Net Cash Per Share	-17.59	-23.44	-83.73	-115.07	-73.59	-103.94
Filing Date Shares Outstanding	1,321	1,321	420.23	420.23	420.23	420.17
Total Common Shares Outstanding	1,321	1,321	420.23	420.23	420.23	420.17
Working Capital	68,386	70,362	25,887	24,854	37,860	704
Book Value Per Share	91.85	90.62	147.86	135.12	170.72	152.49
Tangible Book Value	141,537	139,918	80,482	72,459	87,507	80,513
Tangible Book Value Per Share	91.28	90.05	141.65	126.97	161.14	148.82
Land	-	12,216	12,029	11,123	10,747	10,311
Machinery	-	5,268	4,650	4,036	3,076	1,858
Construction In Progress	-	77,359	53,064	48,307	48,931	57,108

Source: S&P Global Market Intelligence. Utility template. Financial Sources.