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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	12.13	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	12.13	15.96	20.89	28.16	32.1	20.99
Cash Growth	-42.81%	-23.59%	-25.82%	-12.27%	52.93%	-32.13%
Accounts Receivable	98.53	83.74	72.3	79.58	45.84	51.73
Other Receivables	-	8.55	7	-	4.41	4.78
Receivables	98.53	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	110.66	113.97	105.41	107.73	85.77	81.15
Property, Plant & Equipment	11.45	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	65.95	19.53	19.67	17.54	5.31	3.21
Long-Term Deferred Tax Assets	5.08	5.26	4.4	5.31	1.74	1.71
Other Long-Term Assets	-	-	-	-	-0	-
Total Assets	193.18	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	51.68	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	24.16	20	14.63	10.95	13.34	8.33
Current Portion of Leases	2.24	2.45	2.2	1.82	1.87	1.35
Current Income Taxes Payable	1.52	14.25	13.25	11.58	5.29	4.23
Current Unearned Revenue	4.68	3.65	2.37	1.98	1.54	0.95
Other Current Liabilities	-	-	-	-	-0	-
Total Current Liabilities	84.28	87.48	68.32	60.5	43.07	35.5
Long-Term Debt	-	-	-	-	-	3.33
Long-Term Leases	6.63	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	4.15	4.18	4.1	4.69	2.52	1.26
Other Long-Term Liabilities	6.7	3.66	3.61	3.14	2.94	2.95
Total Liabilities	101.77	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	91.42	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	91.42	89.32	99.09	100.8	68.7	66.75
Minority Interest	-	0.1	0.35	0.26	-0.27	0.11
Shareholders' Equity	91.42	89.42	99.45	101.06	68.43	66.87
Total Liabilities & Equity	193.18	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	33.03	29.28	22.65	19.57	22.13	15.49
Net Cash (Debt)	-20.9	-13.32	-1.76	8.59	9.97	5.5
Net Cash Growth	-	-	-	-13.80%	81.37%	-49.80%
Net Cash Per Share	-0.16	-0.10	-0.01	0.07	0.09	0.05
Filing Date Shares Outstanding	133.01	133.31	130.01	128.48	104.77	96.92
Total Common Shares Outstanding	133.01	133.31	130.01	123.35	104.77	96.92
Working Capital	26.39	26.48	37.09	47.23	42.7	45.66
Book Value Per Share	0.69	0.67	0.76	0.82	0.66	0.69
Tangible Book Value	25.47	24.36	33.67	43.97	39.32	39.29
Tangible Book Value Per Share	0.19	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: Mar 31, 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:

Aug 1, 2026

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