Aqualis ASA (OSL:AQUA)

Aqualis ASA Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	10.8	14.58	19.47	28.16	30.97	19.82
Short-Term Investments	-	1.38	1.41	-	1.12	1.17
Cash & Short-Term Investments	10.8	15.96	20.89	28.16	32.1	20.99
Cash Growth	-29.50%	-23.59%	-25.82%	-12.27%	52.93%	-32.13%
Accounts Receivable	103.19	83.74	72.3	79.58	45.84	51.73
Other Receivables	-	8.55	7	-	4.41	4.78
Receivables	103.19	92.29	79.3	79.58	50.25	56.51
Prepaid Expenses	-	5.72	5.23	-	3.43	3.65
Other Current Assets	-	-	-	-	0	-
Total Current Assets	113.99	113.97	105.41	107.73	85.77	81.15
Property, Plant & Equipment	10.71	11.9	10.23	10.61	10.01	4.77
Long-Term Investments	0.04	0.04	0.16	0.03	0.03	-
Goodwill	-	45.44	45.76	39.29	24.08	24.26
Other Intangible Assets	67.3	19.53	19.67	17.54	5.31	3.21
Long-Term Deferred Tax Assets	5.16	5.26	4.4	5.31	1.74	1.71
Other Long-Term Assets	-	-	-	-	-0	-
Total Assets	197.2	196.13	185.62	180.52	126.93	115.09

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	52.92	19.77	9.5	12.58	5.65	7.69
Accrued Expenses	-	27.36	26.37	21.6	15.39	12.95
Current Portion of Long-Term Debt	32.53	20	14.63	10.95	13.34	8.33
Current Portion of Leases	1.97	2.45	2.2	1.82	1.87	1.35
Current Income Taxes Payable	2.2	14.25	13.25	11.58	5.29	4.23
Current Unearned Revenue	2.43	3.65	2.37	1.98	1.54	0.95
Other Current Liabilities	-	-	-	-	-0	-
Total Current Liabilities	92.04	87.48	68.32	60.5	43.07	35.5
Long-Term Debt	-	-	-	-	-	3.33
Long-Term Leases	5.63	6.82	5.81	6.8	6.92	2.48
Pension & Post-Retirement Benefits	-	4.57	4.33	4.33	3.06	2.71
Long-Term Deferred Tax Liabilities	4.16	4.18	4.1	4.69	2.52	1.26
Other Long-Term Liabilities	8.49	3.66	3.61	3.14	2.94	2.95
Total Liabilities	110.32	106.71	86.18	79.46	58.5	48.23

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	86.88	1.68	1.64	1.58	1.4	1.32
Additional Paid-In Capital	-	67.68	78.06	84.11	63.35	64.91
Retained Earnings	-	22.02	27.57	23.15	14.75	8.56
Treasury Stock	-	-0.22	-0.26	-	-	-
Comprehensive Income & Other	-	-1.83	-7.92	-8.05	-10.81	-8.04
Total Common Equity	86.88	89.32	99.09	100.8	68.7	66.75
Minority Interest	-	0.1	0.35	0.26	-0.27	0.11
Shareholders' Equity	86.88	89.42	99.45	101.06	68.43	66.87
Total Liabilities & Equity	197.2	196.13	185.62	180.52	126.93	115.09

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	40.13	29.28	22.65	19.57	22.13	15.49
Net Cash (Debt)	-29.33	-13.32	-1.76	8.59	9.97	5.5
Net Cash Growth	-	-	-	-13.80%	81.37%	-49.80%
Net Cash Per Share	-0.21	-0.10	-0.01	0.07	0.09	0.05
Filing Date Shares Outstanding	133.28	133.31	130.01	128.48	104.77	96.92
Total Common Shares Outstanding	133.28	133.31	130.01	123.35	104.77	96.92
Working Capital	21.95	26.48	37.09	47.23	42.7	45.66
Book Value Per Share	0.65	0.67	0.76	0.82	0.66	0.69
Tangible Book Value	19.59	24.36	33.67	43.97	39.32	39.29
Tangible Book Value Per Share	0.15	0.18	0.26	0.36	0.38	0.41
Machinery	-	5.5	7.13	6.33	5.15	2.92
Order Backlog	-	126.8	115.96	72.23	72.12	63.21

Data Source: S&P Global Market Intelligence Last updated: Oct 29, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 9, 2026

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