AF Gruppen 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	2,391	1,033	347	765	680
Cash & Short-Term Investments	2,391	1,033	347	765	680
Cash Growth	131.46%	197.69%	-54.64%	12.50%	-3.96%
Accounts Receivable	5,211	4,245	4,937	5,361	4,471
Other Receivables	-	102	33	13	56
Receivables	5,237	4,384	5,002	5,418	4,592
Inventory	381	761	633	459	249
Prepaid Expenses	-	333	191	144	68
Other Current Assets	3	41	68	41	29
Total Current Assets	8,012	6,552	6,241	6,827	5,618
Property, Plant & Equipment	2,993	2,621	2,776	2,321	2,217
Long-Term Investments	676	636	565	490	639
Goodwill	4,718	4,609	4,531	4,455	4,329
Other Intangible Assets	8	9	8	6	6
Long-Term Deferred Tax Assets	277	197	167	76	7
Other Long-Term Assets	43	38	42	14	10
Total Assets	17,092	15,003	14,647	14,457	13,108
Accounts Payable	7,889	3,735	4,182	4,171	3,353
Accrued Expenses	-	3,008	2,885	2,252	2,644
Short-Term Debt	10	188	233	433	54
Current Portion of Leases	357	315	345	290	301
Current Income Taxes Payable	126	93	247	416	232
Current Unearned Revenue	1,642	1,698	1,389	1,546	959
Other Current Liabilities	973	941	825	605	650
Total Current Liabilities	10,997	9,978	10,106	9,713	8,193
Long-Term Debt	37	96	93	75	90
Long-Term Leases	1,103	712	666	607	554
Pension & Post-Retirement Benefits	7	7	8	3	6
Long-Term Deferred Tax Liabilities	883	600	441	445	585
Other Long-Term Liabilities	117	122	130	121	108
Total Liabilities	13,144	11,515	11,444	10,964	9,536
Common Stock	565	5	5	5	5
Additional Paid-In Capital	-	941	810	677	501
Retained Earnings	2,232	1,665	1,487	1,949	2,174
Comprehensive Income & Other	103	-5	21	-56	-26
Total Common Equity	2,900	2,606	2,323	2,575	2,654
Minority Interest	1,048	882	880	918	918
Shareholders' Equity	3,948	3,488	3,203	3,493	3,572
Total Liabilities & Equity	17,092	15,003	14,647	14,457	13,108
Total Debt	1,507	1,311	1,337	1,405	999
Net Cash (Debt)	884	-278	-990	-640	-319
Net Cash Per Share	8.03	-2.56	-9.19	-5.99	-3.00
Filing Date Shares Outstanding	110.06	109.29	108.53	107.7	106.8
Total Common Shares Outstanding	110.06	109.29	108.53	107.7	106.8
Working Capital	-2,985	-3,426	-3,865	-2,886	-2,575
Book Value Per Share	26.35	23.84	21.40	23.91	24.85
Tangible Book Value	-1,826	-2,012	-2,216	-1,886	-1,681
Tangible Book Value Per Share	-16.59	-18.41	-20.42	-17.51	-15.74
Buildings	-	1,075	1,089	1,013	1,046
Machinery	-	2,127	1,992	1,568	1,378
Order Backlog	44,716	-	-	-	-

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