Reach Subsea 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	514.17	278.02	436.42	191.59	149.04
Cash & Short-Term Investments	514.17	278.02	436.42	191.59	149.04
Cash Growth	84.94%	-36.30%	127.79%	28.55%	41.40%
Accounts Receivable	488.06	651.08	314.17	283.78	181.38
Other Receivables	179.17	41.62	26.53	13.02	7.78
Receivables	667.23	692.7	340.7	296.8	189.16
Inventory	11.27	18.77	28.42	9.88	8.13
Prepaid Expenses	-	23.56	15.37	5.78	7.62
Other Current Assets	50.42	-	0	0	-
Total Current Assets	1,243	1,013	820.91	504.06	353.95
Property, Plant & Equipment	1,910	1,938	1,613	325.77	350.97
Long-Term Investments	260.31	127.22	113.45	-	-
Goodwill	117.94	109.59	109.59	86.72	-
Other Intangible Assets	10.25	23.29	28.63	8.75	-
Long-Term Deferred Tax Assets	62.77	34.92	-	24.92	40.15
Long-Term Deferred Charges	1.69	1.92	2.14	1.87	1.46
Other Long-Term Assets	-	-0	-	0	-
Total Assets	3,606	3,248	2,688	952.09	746.53
Accounts Payable	264.72	243.02	205.77	102.43	63.47
Accrued Expenses	-	288.82	233.72	129.38	75.95
Current Portion of Long-Term Debt	29.04	14.16	5.82	20.75	11.58
Current Portion of Leases	742.3	799.93	390.39	101	181.3
Current Income Taxes Payable	5.28	52.96	41.03	7.85	-
Other Current Liabilities	365.51	14.13	9.23	2	7.75
Total Current Liabilities	1,407	1,413	885.96	363.4	340.06
Long-Term Debt	605.88	67.54	24.62	4.85	13.94
Long-Term Leases	374.8	675.24	838.73	4.39	105.73
Long-Term Deferred Tax Liabilities	-	-	10.57	-	-
Other Long-Term Liabilities	-	-	0	-	-
Total Liabilities	2,388	2,156	1,760	372.64	459.72
Common Stock	327.38	282.67	271.77	225.73	144.94
Additional Paid-In Capital	514.05	412.11	388.27	267.35	85.93
Retained Earnings	327.76	365.22	257.17	78.48	49.28
Comprehensive Income & Other	49.09	31.91	10.79	7.89	6.66
Shareholders' Equity	1,218	1,092	928.01	579.44	286.81
Total Liabilities & Equity	3,606	3,248	2,688	952.09	746.53
Total Debt	1,752	1,557	1,260	130.99	312.56
Net Cash (Debt)	-1,238	-1,279	-823.14	60.6	-163.52
Net Cash Per Share	-3.78	-4.24	-3.21	0.29	-1.14
Filing Date Shares Outstanding	326.96	327.38	271.77	255.45	224.91
Total Common Shares Outstanding	326.96	282.67	271.77	225.73	144.94
Working Capital	-163.76	-399.96	-65.05	140.65	13.89
Book Value Per Share	3.73	3.86	3.41	2.57	1.98
Tangible Book Value	1,090	959.03	789.79	483.97	286.81
Tangible Book Value Per Share	3.33	3.39	2.91	2.14	1.98
Order Backlog	1,175	1,850	1,600	740	-

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