Norsk Titanium AS Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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	12.1	22.82	1.19	7.73	22.93	2.2
Short-Term Investments	-	0.59	0.58	0.61	0.58	0.58
Cash & Short-Term Investments	12.1	23.41	1.77	8.34	23.51	2.78
Cash Growth	-49.41%	1221.05%	-78.76%	-64.50%	746.49%	3.93%
Accounts Receivable	1.04	1.95	0.58	0.7	0.39	0.79
Other Receivables	-	0.43	0.01	0.98	1.35	-0.03
Receivables	1.04	2.38	0.59	1.68	1.74	0.75
Inventory	8.65	6.27	5.89	5.26	5.17	4.72
Prepaid Expenses	-	0.76	0.38	1.23	0.5	0.31
Other Current Assets	1.71	0.17	0.14	0.17	0.11	0.11
Total Current Assets	23.49	32.98	8.77	16.69	31.02	8.67
Property, Plant & Equipment	4.82	4.4	4.86	5.55	4.58	6.06
Other Intangible Assets	1.66	0.16	0.14	0.15	0.57	1
Long-Term Deferred Tax Assets	0.04	0.04	0.04	0.02	0.02	-
Long-Term Deferred Charges	-	1.79	2.97	4.15	5.79	7.2
Other Long-Term Assets	0	0	0	-0	-0	0
Total Assets	30.01	39.37	16.77	26.56	41.99	22.93
Accounts Payable	1.91	1.37	1.12	0.77	0.93	1.12
Accrued Expenses	1.95	2.6	1.49	1.14	1.05	5.19
Short-Term Debt	0.01	0.01	8.65	-	-	21.2
Current Portion of Long-Term Debt	-	-	-	-	-	69.11
Current Portion of Leases	0.4	0.35	0.52	0.5	0.39	0.84
Current Income Taxes Payable	-	-	-	-0.04	-0.03	0.05
Current Unearned Revenue	1.56	1.56	3.29	3.84	4.07	3.93
Other Current Liabilities	0.52	0.42	0.44	0.41	0.37	0.49
Total Current Liabilities	6.36	6.32	15.51	6.62	6.76	101.92
Long-Term Debt	4.57	0.04	0.05	-	-	-
Long-Term Leases	1.18	1.12	1.39	1.61	0.22	0.51
Other Long-Term Liabilities	1.01	1.09	0.85	0.91	0.9	1.02
Total Liabilities	13.11	8.57	17.8	9.14	7.88	103.45
Common Stock	6.43	6.42	2.45	2.22	2.01	0.46
Additional Paid-In Capital	14.71	54.84	19.62	38.07	48.63	-
Retained Earnings	-	-	-	-	-7.2	-78.98
Treasury Stock	-	-	-	-	-	-0.01
Comprehensive Income & Other	-4.25	-30.46	-23.09	-22.87	-9.34	-1.99
Shareholders' Equity	16.9	30.8	-1.03	17.42	34.1	-80.52
Total Liabilities & Equity	30.01	39.37	16.77	26.56	41.99	22.93
Total Debt	6.15	1.53	10.62	2.11	0.61	91.66
Net Cash (Debt)	5.94	21.88	-8.84	6.24	22.9	-88.88
Net Cash Growth	-71.43%	-	-	-72.76%	-	-
Net Cash Per Share	0.01	0.04	-0.03	0.03	0.13	-1.78
Filing Date Shares Outstanding	501.64	802.13	270.02	239.67	211.9	210.66
Total Common Shares Outstanding	501.64	802.13	270.02	239.67	211.9	48.77
Working Capital	17.14	26.66	-6.74	10.07	24.26	-93.25
Book Value Per Share	0.03	0.04	-0.00	0.07	0.16	-1.65
Tangible Book Value	15.23	30.64	-1.16	17.27	33.54	-81.52
Tangible Book Value Per Share	0.03	0.04	-0.00	0.07	0.16	-1.67
Buildings	-	1.78	1.67	1.61	1.82	1.61
Machinery	-	5.69	5.63	6.36	7.91	11

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