Fjord Defence Group 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	199.41	11.96	20.67	21.64	35.28
Cash & Short-Term Investments	199.41	11.96	20.67	21.64	35.28
Cash Growth	1567.41%	-42.13%	-4.52%	-38.66%	-29.91%
Accounts Receivable	19.51	-	9.09	-	-
Other Receivables	18.13	-	11.59	31.09	0.22
Receivables	37.64	-	20.68	31.09	0.22
Inventory	19.7	-	-	-	-
Prepaid Expenses	1.05	0.87	1.24	0.81	1.74
Other Current Assets	-	-	0.01	-	-
Total Current Assets	257.8	12.83	42.59	53.55	37.24
Property, Plant & Equipment	5.29	-	-	-	30.16
Long-Term Investments	26.14	63.62	87.2	97.04	148.06
Goodwill	178.18	-	-	-	-
Other Intangible Assets	250.21	249.98	315.18	369.36	254.22
Long-Term Deferred Tax Assets	5.86	-	-	-	-
Other Long-Term Assets	-0	-	0.01	0.01	12.89
Total Assets	723.46	326.43	444.98	519.96	482.57
Accounts Payable	19.41	0.36	5.53	0.87	2.93
Accrued Expenses	10.22	10.53	29.76	27.14	39.42
Current Portion of Long-Term Debt	4.86	-	-	-	-
Current Portion of Leases	0.45	-	-	-	-
Current Income Taxes Payable	10.88	8.8	23.14	22.48	20.81
Total Current Liabilities	45.82	19.69	58.43	50.49	63.17
Long-Term Debt	17.01	-	-	-	7.89
Long-Term Leases	2.18	-	-	-	-
Other Long-Term Liabilities	0	-	-	-	-
Total Liabilities	65.01	19.69	58.43	50.49	71.06
Common Stock	460.17	234.69	291.42	283.14	253.19
Additional Paid-In Capital	682.99	443.04	518.88	504.13	450.81
Retained Earnings	-490.79	-393.75	-409.83	-317.15	-296.11
Treasury Stock	-9.04	-18.91	-18.24	-4.82	-
Comprehensive Income & Other	15.13	41.66	4.32	4.17	3.62
Shareholders' Equity	658.46	306.73	386.55	469.47	411.51
Total Liabilities & Equity	723.46	326.43	444.98	519.96	482.57
Total Debt	24.5	-	-	-	7.89
Net Cash (Debt)	174.91	11.96	20.67	21.64	27.39
Net Cash Growth	1362.54%	-42.13%	-4.52%	-20.98%	-
Net Cash Per Share	5.86	0.66	1.12	1.11	2.50
Filing Date Shares Outstanding	53.71	17.98	18.29	19.54	19.98
Total Common Shares Outstanding	53.71	17.98	18.38	19.54	19.98
Working Capital	211.98	-6.86	-15.84	3.05	-25.93
Book Value Per Share	12.26	17.06	21.03	24.02	20.60
Tangible Book Value	230.07	56.76	71.37	100.11	157.28
Tangible Book Value Per Share	4.28	3.16	3.88	5.12	7.87
Machinery	-	-	-	-	103.53

Source: S&P Global Market Intelligence. Standard template. Financial Sources.