Nel 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	1,757	1,876	3,363	3,139	2,723	2,333
Short-Term Investments	-	2.26	24.01	547.16	608.1	1,734
Cash & Short-Term Investments	1,757	1,878	3,387	3,686	3,331	4,067
Cash Growth	-9.49%	-44.56%	-8.09%	10.65%	-18.10%	613.67%
Accounts Receivable	236.36	724.83	862.17	557.06	390.18	229.43
Other Receivables	-	32.03	41.62	34.04	7.9	13.11
Receivables	236.36	756.87	903.8	591.1	398.08	242.53
Inventory	936.24	531.75	703.99	504.6	328.47	237.13
Prepaid Expenses	-	230.73	214.85	147.42	55.53	18.54
Other Current Assets	217.73	10.5	166.85	48.79	31.2	28.47
Total Current Assets	3,147	3,408	5,377	4,978	4,144	4,594
Property, Plant & Equipment	1,570	1,664	1,306	785.49	623.51	378.05
Long-Term Investments	-	203.11	158.79	252.61	93.14	64.75
Goodwill	369.61	411.75	375.31	365.58	615.18	619.73
Other Intangible Assets	615.23	617.42	639.74	568.88	528.96	472.04
Other Long-Term Assets	179.54	0.16	0.57	0.35	2.05	8.37
Total Assets	5,881	6,304	7,857	6,951	6,007	6,137
Accounts Payable	105	110.74	204.86	201.74	132.96	81.57
Accrued Expenses	-	140.48	140.57	87.34	59.04	54.63
Current Portion of Leases	42.7	44.48	38.07	30.44	19.92	14.29
Current Unearned Revenue	382.37	583.39	715.29	672.29	360.82	193.08
Other Current Liabilities	259.18	122.97	229.37	199.8	132.31	87.52
Total Current Liabilities	789.25	1,002	1,328	1,192	705.05	431.09
Long-Term Debt	-	-	22.46	22.43	23.19	30.28
Long-Term Leases	197.05	215.52	199.14	170.18	113.51	77.13
Long-Term Unearned Revenue	-	69.28	66.24	64.05	69.54	63.6
Long-Term Deferred Tax Liabilities	27.56	34.81	38.44	45.53	48.54	55.14
Other Long-Term Liabilities	74.76	5.26	4.86	7.1	8.45	11.14
Total Liabilities	1,089	1,327	1,659	1,501	968.28	668.38
Common Stock	367.69	334.27	334.27	312.67	292.16	281.56
Additional Paid-In Capital	7,914	7,599	8,661	7,098	5,596	4,367
Retained Earnings	-3,567	-3,242	-2,998	-2,143	-971.64	693.56
Treasury Stock	-0.08	-0.08	-0.08	-0.08	-0.08	-0.08
Comprehensive Income & Other	77.9	286.88	200.47	181.65	122.01	125.97
Shareholders' Equity	4,793	4,977	6,198	5,450	5,039	5,468
Total Liabilities & Equity	5,881	6,304	7,857	6,951	6,007	6,137
Total Debt	239.75	260	259.66	223.05	156.61	121.7
Net Cash (Debt)	1,517	1,618	3,128	3,463	3,174	3,945
Net Cash Growth	-9.86%	-48.27%	-9.67%	9.09%	-19.55%	808.86%
Net Cash Per Share	0.86	0.97	1.89	2.25	2.17	2.84
Filing Date Shares Outstanding	1,838	1,671	1,671	1,563	1,460	1,407
Total Common Shares Outstanding	1,838	1,671	1,671	1,563	1,460	1,407
Working Capital	2,358	2,406	4,049	3,786	3,439	4,163
Book Value Per Share	2.61	2.98	3.71	3.49	3.45	3.89
Tangible Book Value	3,808	3,948	5,183	4,515	3,895	4,377
Tangible Book Value Per Share	2.07	2.36	3.10	2.89	2.67	3.11
Buildings	-	39.71	135.03	125.22	120.31	143.13
Machinery	-	1,352	652.97	560.29	124.55	94.91
Construction In Progress	-	336.13	552.18	81.61	348.94	132.19
Order Backlog	-	1,614	2,093	2,613	1,230	981.1

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