Elkem ASA Balance Sheet

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	2,932	4,397	6,367	9,255	7,040	3,154
Trading Asset Securities	-	4	3	-	-	-
Cash & Short-Term Investments	2,932	4,401	6,370	9,255	7,040	3,154
Cash Growth	-55.04%	-30.91%	-31.17%	31.46%	123.21%	-29.85%
Accounts Receivable	1,983	1,960	3,209	4,248	4,297	2,796
Other Receivables	-	831	1,055	1,012	886	675
Receivables	1,983	2,791	4,264	5,260	5,183	3,471
Inventory	5,988	6,060	9,161	10,475	7,885	5,319
Prepaid Expenses	-	82	105	105	105	86
Other Current Assets	24,402	27,778	1,555	1,550	1,284	843
Total Current Assets	35,305	41,112	21,455	26,645	21,497	12,873
Property, Plant & Equipment	8,717	8,808	23,608	20,299	16,739	15,006
Long-Term Investments	223	283	1,331	1,063	273	210
Goodwill	302	329	1,015	984	941	919
Other Intangible Assets	180	216	1,139	1,112	1,346	1,091
Long-Term Deferred Tax Assets	770	738	134	151	48	96
Long-Term Deferred Charges	-	-	319	273	256	228
Other Long-Term Assets	2,055	1,946	1,498	2,253	749	464
Total Assets	47,552	53,432	50,500	52,781	41,850	30,888
Accounts Payable	1,640	2,076	5,281	5,335	4,614	3,157
Accrued Expenses	454	926	1,552	1,647	1,519	1,054
Short-Term Debt	-	84	1,631	1,848	2,153	1,104
Current Portion of Long-Term Debt	847	1,024	1,106	101	1,856	3,195
Current Portion of Leases	63	67	125	103	116	97
Current Income Taxes Payable	20	106	240	1,903	914	65
Current Unearned Revenue	-	-	34	8	18	21
Other Current Liabilities	8,195	10,083	608	887	1,062	778
Total Current Liabilities	11,219	14,366	10,577	11,832	12,252	9,471
Long-Term Debt	10,937	11,481	13,045	9,856	7,724	6,623
Long-Term Leases	329	338	464	475	685	566
Long-Term Unearned Revenue	-	17	17	16	15	15
Pension & Post-Retirement Benefits	237	238	507	489	611	679
Long-Term Deferred Tax Liabilities	204	238	935	1,123	505	336
Other Long-Term Liabilities	658	733	497	216	183	562
Total Liabilities	23,584	27,411	26,042	24,007	21,975	18,252
Common Stock	3,508	3,197	3,197	3,197	3,197	2,907
Additional Paid-In Capital	-	305	301	3,031	4,900	3,389
Retained Earnings	20,334	19,181	18,675	19,700	10,071	5,615
Comprehensive Income & Other	-	3,229	2,152	2,712	1,621	617
Total Common Equity	23,842	25,912	24,325	28,640	19,789	12,528
Minority Interest	126	109	133	134	86	108
Shareholders' Equity	23,968	26,021	24,458	28,774	19,875	12,636
Total Liabilities & Equity	47,552	53,432	50,500	52,781	41,850	30,888
Total Debt	12,176	12,994	16,371	12,383	12,534	11,585
Net Cash (Debt)	-9,244	-8,593	-10,001	-3,128	-5,494	-8,431
Net Cash Per Share	-14.58	-13.55	-15.73	-4.92	-8.83	-14.50
Filing Date Shares Outstanding	634.22	634.17	633.89	634.48	633.04	581.31
Total Common Shares Outstanding	634.22	634.17	633.89	634.48	633.04	581.31
Working Capital	24,086	26,746	10,878	14,813	9,245	3,402
Book Value Per Share	37.59	40.86	38.37	45.14	31.26	21.55
Tangible Book Value	23,360	25,367	22,171	26,544	17,502	10,518
Tangible Book Value Per Share	36.83	40.00	34.98	41.84	27.65	18.09
Land	-	121	264	222	206	173
Buildings	-	3,801	9,129	8,522	-	-
Machinery	-	12,629	26,881	24,123	29,239	27,228
Construction In Progress	-	1,681	6,812	4,992	2,791	1,773

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