Hexagon Composites ASA Balance Sheet

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	211.41	302.3	154.35	704.26	591.27
Cash & Short-Term Investments	211.41	302.3	154.35	704.26	591.27
Cash Growth	-30.07%	95.85%	-78.08%	19.11%	-63.97%
Accounts Receivable	489.6	742.86	551.36	874.89	884.56
Other Receivables	-	0.03	36.63	6.96	32.52
Receivables	489.6	742.89	587.98	881.85	917.08
Inventory	1,125	1,192	1,110	1,546	1,147
Prepaid Expenses	-	57.1	58.33	82.75	118.22
Restricted Cash	-	-	-	9.28	8.94
Other Current Assets	96.9	151.21	45.8	99.07	31.71
Total Current Assets	1,923	2,445	1,957	3,324	2,814
Property, Plant & Equipment	1,283	1,443	1,314	1,810	1,293
Long-Term Investments	351.4	1,219	1,251	53.27	7.4
Goodwill	1,159	1,338	1,233	1,717	1,573
Other Intangible Assets	520.11	588.26	552.73	853.76	811.74
Long-Term Deferred Tax Assets	32.99	33.2	19.01	-	13.68
Other Long-Term Assets	25.59	10.33	2.27	146.37	2.49
Total Assets	5,294	7,077	6,428	7,904	6,515
Accounts Payable	178.19	389.3	384.02	572.57	392.75
Accrued Expenses	-	294.15	287.84	343.15	320.15
Short-Term Debt	-	201.5	11.26	-	9.22
Current Portion of Long-Term Debt	-	-	1,097	234.67	4.41
Current Portion of Leases	56.7	60.52	61.87	70.57	62.46
Current Income Taxes Payable	-	6.15	65.84	53.06	47.2
Current Unearned Revenue	49.63	164.29	332.66	548.64	277.66
Other Current Liabilities	319.27	160.8	444.92	177.61	66.75
Total Current Liabilities	603.78	1,277	2,686	2,000	1,181
Long-Term Debt	1,242	1,092	-	1,699	1,247
Long-Term Leases	444.94	541.06	387.26	481.02	230.28
Pension & Post-Retirement Benefits	-	0.42	1.59	2.32	4.65
Long-Term Deferred Tax Liabilities	34.71	163.78	131.02	206.37	247.16
Other Long-Term Liabilities	296.34	471.03	8.59	45.92	120.79
Total Liabilities	2,622	3,545	3,214	4,435	3,031
Common Stock	25.21	21.01	20.16	20.16	20.16
Additional Paid-In Capital	1,554	996.23	706.54	2,076	2,174
Treasury Stock	-0.05	-0.04	-0.14	-0.07	-0.09
Comprehensive Income & Other	1,093	2,516	2,487	895.81	911.99
Total Common Equity	2,672	3,533	3,214	2,992	3,106
Minority Interest	-	-	-	476.9	378.01
Shareholders' Equity	2,672	3,533	3,214	3,469	3,484
Total Liabilities & Equity	5,294	7,077	6,428	7,904	6,515
Total Debt	1,744	1,895	1,558	2,485	1,554
Net Cash (Debt)	-1,532	-1,593	-1,403	-1,781	-962.58
Net Cash Per Share	-6.65	-7.77	-7.00	-8.87	-4.81
Filing Date Shares Outstanding	243.02	209.67	200.24	200.97	199.85
Total Common Shares Outstanding	243.02	209.67	200.24	200.97	199.85
Working Capital	1,319	1,169	-728.73	1,323	1,634
Book Value Per Share	11.00	16.85	16.05	14.89	15.54
Tangible Book Value	993.54	1,606	1,428	421.05	721.77
Tangible Book Value Per Share	4.09	7.66	7.13	2.10	3.61
Land	-	110.33	123.85	214.45	296.55
Machinery	-	1,365	1,428	2,084	1,298
Construction In Progress	-	65.48	342.17	-	234.69

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