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	20.67	21.64	35.28
Cash & Short-Term Investments	46.98	199.41	11.96	20.67	21.64	35.28
Cash Growth	48.37%	1567.41%	-42.13%	-4.52%	-38.66%	-29.91%
Accounts Receivable	34.14	19.51	-	9.09	-	-
Other Receivables	-	18.13	-	11.59	31.09	0.22
Receivables	34.14	37.64	-	20.68	31.09	0.22
Inventory	44.76	19.7	-	-	-	-
Prepaid Expenses	-	1.05	0.87	1.24	0.81	1.74
Other Current Assets	6.97	-	-	0.01	-	-
Total Current Assets	132.85	257.8	12.83	42.59	53.55	37.24
Property, Plant & Equipment	23.59	5.29	-	-	-	30.16
Long-Term Investments	19.26	26.14	63.62	87.2	97.04	148.06
Goodwill	407.63	178.18	-	-	-	-
Other Intangible Assets	416.85	250.21	249.98	315.18	369.36	254.22
Long-Term Deferred Tax Assets	7.05	5.86	-	-	-	-
Other Long-Term Assets	-	-0	-	0.01	0.01	12.89
Total Assets	1,007	723.46	326.43	444.98	519.96	482.57
Accounts Payable	29.04	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	33.11	4.86	-	-	-	-
Current Portion of Leases	0.46	0.45	-	-	-	-
Current Income Taxes Payable	10.46	10.88	8.8	23.14	22.48	20.81
Other Current Liabilities	17.04	-	-	-	-	-
Total Current Liabilities	131.38	45.82	19.69	58.43	50.49	63.17
Long-Term Debt	131.52	17.01	-	-	-	7.89
Long-Term Leases	3.03	2.18	-	-	-	-
Other Long-Term Liabilities	-	0	-	-	-	-
Total Liabilities	265.94	65.01	19.69	58.43	50.49	71.06
Common Stock	535.38	460.17	234.69	291.42	283.14	253.19
Additional Paid-In Capital	739.83	682.99	443.04	518.88	504.13	450.81
Retained Earnings	-539.54	-490.79	-393.75	-409.83	-317.15	-296.11
Treasury Stock	-9.04	-9.04	-18.91	-18.24	-4.82	-
Comprehensive Income & Other	14.65	15.13	41.66	4.32	4.17	3.62
Shareholders' Equity	741.29	658.46	306.73	386.55	469.47	411.51
Total Liabilities & Equity	1,007	723.46	326.43	444.98	519.96	482.57
Total Debt	168.12	24.5	-	-	-	7.89
Net Cash (Debt)	-121.14	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	-3.05	5.86	0.66	1.12	1.11	2.50
Filing Date Shares Outstanding	57.34	53.71	17.98	18.29	19.54	19.98
Total Common Shares Outstanding	57.34	53.71	17.98	18.38	19.54	19.98
Working Capital	1.47	211.98	-6.86	-15.84	3.05	-25.93
Book Value Per Share	12.93	12.26	17.06	21.03	24.02	20.60
Tangible Book Value	-83.19	230.07	56.76	71.37	100.11	157.28
Tangible Book Value Per Share	-1.45	4.28	3.16	3.88	5.12	7.87
Machinery	-	-	-	-	-	103.53