Fjord Defence Group ASA Balance Sheet

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

Millions NOK. 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	46.98	199.41	11.96	20.74	21.47	35.32
Cash & Short-Term Investments	46.98	199.41	11.96	20.74	21.47	35.32
Cash Growth	-76.44%	1567.41%	-42.33%	-3.41%	-39.21%	-30.38%
Accounts Receivable	34.14	19.51	-	9.12	-	-
Inventory	44.76	19.7	-	-	-	-
Other Current Assets	6.97	19.18	0.87	12.87	31.64	1.96
Total Current Assets	132.85	257.8	12.83	42.73	53.11	37.27
Net Property, Plant & Equipment	23.59	5.29	-	-	-	30.18
Other Intangible Assets	416.85	250.21	249.98	316.24	366.35	254.45
Goodwill	407.63	178.18	-	-	-	-
Long-Term Investments	19.26	26.14	63.62	87.49	96.25	161.09
Other Long-Term Assets	7.05	5.86	-	-	-	-
Total Assets	1,007	723.46	326.43	446.47	515.72	483
Accounts Payable	29.04	19.41	0.36	5.55	0.86	2.94
Accrued Expenses	10.46	10.88	8.8	23.22	22.3	-
Current Portion of Long-Term Debt	33.11	4.86	-	-	-	-
Other Current Liabilities	58.77	10.67	10.53	29.86	26.92	60.29
Total Current Liabilities	131.38	45.82	19.69	58.62	50.08	63.22
Long-Term Debt	131.52	17.01	-	-	-	7.9
Long-Term Leases	3.03	2.18	-	-	-	-
Total Long-Term Liabilities	134.55	19.19	-	-	-	7.9
Total Liabilities	265.94	65.01	19.69	58.62	50.08	71.12
Common Stock	1,275	1,143	677.73	813.03	780.84	704.63
Treasury Stock	-9.04	-9.04	-18.91	-18.3	-4.78	-
Accumulated Other Comprehensive Income	-524.88	-475.66	-352.09	-406.88	-310.44	-292.76
Shareholders' Equity	741.29	658.46	306.73	387.85	465.64	411.88
Total Liabilities & Equity	1,007	723.46	326.43	446.47	515.72	483
Total Debt	167.67	24.05	0	0	0	7.9
Net Cash (Debt)	-120.68	175.36	11.96	20.74	21.47	27.41
Net Cash Growth	-	1366.31%	-42.33%	-3.41%	-21.69%	-
Net Cash Per Share	-3.04	5.87	0.66	1.12	1.10	2.50
Book Value	741.29	658.46	306.73	387.85	465.64	411.88
Book Value Per Share	18.66	22.05	16.88	20.94	23.83	37.59
Tangible Book Value	-83.19	230.07	56.76	71.61	99.29	157.43
Tangible Book Value Per Share	-2.09	7.70	3.12	3.87	5.08	14.37