P/F Bakkafrost Balance Sheet

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	370.1	299.75	480.51	411.67	719.6	509.16
Cash & Short-Term Investments	370.1	299.75	480.51	411.67	719.6	509.16
Cash Growth	47.77%	-37.62%	16.72%	-42.79%	41.33%	9.04%
Accounts Receivable	1,048	699.7	674.82	850.34	808.76	620.32
Other Receivables	154.39	297.51	212.5	150.14	168.27	281.91
Receivables	1,202	997.2	887.32	1,000	977.03	902.23
Inventory	4,194	4,212	3,810	4,484	4,013	3,158
Other Current Assets	-	-	-	0.37	7.47	-
Total Current Assets	5,766	5,509	5,177	5,897	5,717	4,569
Property, Plant & Equipment	7,962	7,965	7,054	6,634	6,086	5,191
Long-Term Investments	349.89	346.08	334.47	288.7	234.21	149.23
Goodwill	-	579.74	589.48	581.05	580.42	667.17
Other Intangible Assets	4,512	3,929	3,928	3,928	3,928	3,829
Long-Term Deferred Tax Assets	613.65	698.69	590.33	512.49	336.02	215.25
Total Assets	19,203	19,028	17,674	17,841	16,882	14,628
Accounts Payable	699.04	549.58	433.09	387.62	478.75	510.36
Current Portion of Leases	76.32	48.55	64.86	65.85	106.22	87.67
Current Income Taxes Payable	-	91.61	186.36	210.37	237.78	171
Other Current Liabilities	21.19	137.07	82.18	83.2	100.5	37.64
Total Current Liabilities	796.55	826.81	766.49	747.03	923.24	806.66
Long-Term Debt	4,132	4,197	3,481	3,944	3,383	2,635
Long-Term Leases	756.57	798.4	233.9	331.12	353.36	245.75
Long-Term Deferred Tax Liabilities	2,169	2,162	2,037	1,953	1,826	1,590
Other Long-Term Liabilities	-	-	-	-	-	3.21
Total Liabilities	7,854	7,984	6,517	6,975	6,486	5,281
Common Stock	59.39	59.39	59.31	59.23	59.14	59.14
Additional Paid-In Capital	4,086	4,086	4,059	4,027	4,027	4,027
Retained Earnings	6,627	6,335	6,453	5,945	5,397	4,633
Treasury Stock	-23.33	-30.87	-14.5	-8.48	-18.51	-26.77
Comprehensive Income & Other	597.41	593.04	609.29	840.16	927.53	654.87
Total Common Equity	11,347	11,042	11,165	10,863	10,392	9,347
Minority Interest	2.08	1.87	-8.75	3.06	3.41	0.13
Shareholders' Equity	11,349	11,044	11,157	10,866	10,396	9,348
Total Liabilities & Equity	19,203	19,028	17,674	17,841	16,882	14,628
Total Debt	4,965	5,044	3,779	4,341	3,843	2,968
Net Cash (Debt)	-4,595	-4,744	-3,299	-3,930	-3,123	-2,459
Net Cash Per Share	-77.48	-80.01	-55.66	-66.41	-52.86	-41.64
Filing Date Shares Outstanding	59.32	59.29	59.27	59.21	59.1	59.08
Total Common Shares Outstanding	59.32	59.29	59.27	59.21	59.1	59.08
Working Capital	4,970	4,682	4,411	5,150	4,794	3,762
Book Value Per Share	191.29	186.23	188.38	183.46	175.85	158.23
Tangible Book Value	6,835	6,533	6,648	6,353	5,884	4,852
Tangible Book Value Per Share	115.23	110.18	112.16	107.30	99.56	82.13
Land	-	3,084	2,686	2,484	2,112	2,119
Machinery	-	7,006	6,167	5,622	5,096	4,321
Construction In Progress	-	1,193	1,492	1,201	1,115	782.55