Telenor 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	16,335	10,380	19,556	9,929	15,223
Short-Term Investments	-	319	269	277	327
Trading Asset Securities	-	82	58	51	48
Cash & Short-Term Investments	16,335	10,781	19,883	10,257	15,598
Cash Growth	51.52%	-45.78%	93.85%	-34.24%	-25.62%
Accounts Receivable	13,701	10,768	12,490	15,025	15,277
Other Receivables	-	2,144	2,243	2,023	3,004
Receivables	13,701	12,995	14,734	17,083	19,332
Inventory	862	877	955	1,559	1,563
Prepaid Expenses	211	2,533	2,059	3,165	3,904
Other Current Assets	825	267	2,125	118	3,446
Total Current Assets	31,934	27,453	39,756	32,182	43,843
Property, Plant & Equipment	71,878	80,798	77,462	111,345	124,332
Long-Term Investments	66,453	72,068	55,958	40,853	10,946
Goodwill	26,822	26,319	25,232	27,334	27,448
Other Intangible Assets	9,379	9,542	9,279	9,689	10,195
Long-Term Accounts Receivable	-	-	-	1,046	1,356
Long-Term Deferred Tax Assets	3,067	4,614	4,306	5,536	2,195
Long-Term Deferred Charges	-	5,342	4,581	4,082	4,414
Other Long-Term Assets	12,057	1,617	971	7,182	1,011
Total Assets	221,590	228,808	218,376	239,249	225,740
Accounts Payable	21,243	6,636	5,501	7,955	9,082
Accrued Expenses	-	11,389	10,881	15,259	17,237
Short-Term Debt	-	-	537	616	596
Current Portion of Long-Term Debt	12,607	11,350	11,789	9,169	9,276
Current Portion of Leases	3,660	3,844	4,107	6,674	6,977
Current Income Taxes Payable	1,846	1,711	2,082	2,487	5,149
Current Unearned Revenue	-	4,749	4,726	5,013	6,001
Other Current Liabilities	5,733	6,705	6,367	6,604	7,849
Total Current Liabilities	45,089	46,384	45,990	53,777	62,167
Long-Term Debt	74,187	72,730	75,686	82,724	87,811
Long-Term Leases	11,399	13,697	13,201	24,417	28,101
Pension & Post-Retirement Benefits	1,966	2,068	1,821	1,919	2,429
Long-Term Deferred Tax Liabilities	4,453	3,874	3,379	3,639	4,374
Other Long-Term Liabilities	7,731	8,283	7,865	8,397	9,358
Total Liabilities	144,825	147,036	147,942	174,873	194,240
Common Stock	8,278	8,210	8,397	8,397	8,397
Additional Paid-In Capital	-	69	69	69	69
Retained Earnings	84,477	89,430	84,176	75,841	43,986
Treasury Stock	-	-	-86	-	-
Comprehensive Income & Other	-21,140	-21,854	-28,073	-24,168	-26,158
Total Common Equity	71,615	75,855	64,483	60,139	26,294
Minority Interest	5,150	5,917	5,951	4,237	5,206
Shareholders' Equity	76,765	81,772	70,434	64,376	31,500
Total Liabilities & Equity	221,590	228,808	218,376	239,249	225,740
Total Debt	101,853	101,621	105,320	123,600	132,761
Net Cash (Debt)	-85,518	-90,840	-85,437	-113,343	-117,163
Net Cash Per Share	-62.47	-66.00	-61.57	-80.99	-83.72
Filing Date Shares Outstanding	1,368	1,368	1,385	1,399	1,399
Total Common Shares Outstanding	1,368	1,368	1,385	1,399	1,399
Working Capital	-13,155	-18,931	-6,234	-21,595	-18,324
Book Value Per Share	52.35	55.44	46.56	42.97	18.79
Tangible Book Value	35,414	39,994	29,972	23,116	-11,349
Tangible Book Value Per Share	25.89	29.23	21.64	16.52	-8.11
Land	-	266	251	578	660
Buildings	-	3,823	4,666	5,494	6,386
Machinery	-	130,360	124,485	159,611	175,601
Construction In Progress	-	7,810	6,559	7,500	7,326

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.