Borgestad 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	152.58	220.46	152.69	91.06	35.15
Cash & Short-Term Investments	152.58	220.46	152.69	91.06	35.15
Cash Growth	-30.79%	44.39%	67.68%	159.05%	-26.60%
Accounts Receivable	158.8	140.43	184.85	206.58	161.83
Other Receivables	28	3.93	-	10.52	8.58
Receivables	186.8	144.36	184.85	217.09	170.4
Inventory	138.06	126.25	118.73	147.28	138.32
Restricted Cash	-	-	-	-	13.19
Other Current Assets	14.79	19.95	20.65	-	0
Total Current Assets	492.22	511.02	476.92	455.43	357.06
Property, Plant & Equipment	104.76	90.92	88.86	120.73	118.55
Long-Term Investments	-	-	-	1.85	4.25
Goodwill	110.79	90.08	90.11	87.17	87.92
Other Intangible Assets	11.31	26.03	28.5	1.17	1.22
Long-Term Deferred Tax Assets	12.66	8.94	13.73	17.62	30.48
Other Long-Term Assets	732.19	735.8	708.26	782.58	832.14
Total Assets	1,464	1,463	1,406	1,467	1,432
Accounts Payable	55.47	68.49	64.02	83.63	67.81
Accrued Expenses	29.04	88.22	72.86	57.05	68.56
Short-Term Debt	11.84	-	24.1	58.54	264.89
Current Portion of Long-Term Debt	60.05	51.9	60.04	30.53	105.08
Current Portion of Leases	15.74	16.99	12.64	8.87	8.41
Current Income Taxes Payable	7.15	11.93	12.15	1.68	1.31
Other Current Liabilities	90.73	23.1	27.18	104.42	36.68
Total Current Liabilities	270.01	260.62	272.98	344.72	552.74
Long-Term Debt	339.42	343.6	335.74	576.84	417.97
Long-Term Leases	30.48	24.73	27.45	29.01	23.96
Pension & Post-Retirement Benefits	6.51	5.81	6.37	5.99	5.51
Long-Term Deferred Tax Liabilities	13.93	8.29	7.99	1.5	12.86
Other Long-Term Liabilities	17.53	10.71	-	0.63	79.3
Total Liabilities	677.88	653.77	650.54	958.69	1,092
Common Stock	35.06	35.06	350.62	152.49	12.73
Additional Paid-In Capital	613.63	641.68	326.12	335.38	223.53
Retained Earnings	-125.44	-106.89	-147.93	-171.69	-62.47
Treasury Stock	-	-	-	-0.08	-0.08
Comprehensive Income & Other	175.03	158.98	153.76	137.11	107.73
Total Common Equity	698.28	728.83	682.57	453.21	281.44
Minority Interest	87.77	80.2	73.27	54.67	57.86
Shareholders' Equity	786.05	809.03	755.84	507.87	339.3
Total Liabilities & Equity	1,464	1,463	1,406	1,467	1,432
Total Debt	457.51	437.22	459.98	703.79	820.3
Net Cash (Debt)	-304.94	-216.75	-307.29	-612.73	-785.15
Net Cash Per Share	-7.86	-6.18	-36.15	-218.55	-2469.62
Filing Date Shares Outstanding	35.06	35.06	35.06	3.81	0.32
Total Common Shares Outstanding	35.06	35.06	35.06	3.81	0.32
Working Capital	222.21	250.4	203.93	110.71	-195.68
Book Value Per Share	19.92	20.79	19.47	118.89	884.69
Tangible Book Value	576.19	612.72	563.97	364.87	192.3
Tangible Book Value Per Share	16.43	17.48	16.08	95.71	604.48
Land	-	14.77	18.67	-	-
Buildings	-	-	-	79.03	85.51
Machinery	-	274.08	267.18	244.87	285.64
Construction In Progress	-	0.19	4.62	25.81	17.07
Order Backlog	56.9	-	-	-	-

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