Elkem 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	2,894	2,694	4,397	6,367	9,255	7,040
Trading Asset Securities	-	15	4	3	-	-
Cash & Short-Term Investments	2,894	2,709	4,401	6,370	9,255	7,040
Cash Growth	-3.31%	-38.45%	-30.91%	-31.17%	31.46%	123.21%
Accounts Receivable	1,999	1,852	1,960	3,209	4,248	4,297
Other Receivables	-	895	831	1,055	1,012	886
Receivables	1,999	2,747	2,791	4,264	5,260	5,183
Inventory	5,459	5,978	6,060	9,161	10,475	7,885
Prepaid Expenses	-	89	82	105	105	105
Other Current Assets	24,687	23,377	27,778	1,555	1,550	1,284
Total Current Assets	35,039	34,900	41,112	21,455	26,645	21,497
Property, Plant & Equipment	8,803	8,970	8,808	23,608	20,299	16,739
Long-Term Investments	198	276	283	1,331	1,063	273
Goodwill	294	305	329	1,015	984	941
Other Intangible Assets	147	164	216	1,139	1,112	1,346
Long-Term Deferred Tax Assets	796	942	738	134	151	48
Long-Term Deferred Charges	-	-	-	319	273	256
Other Long-Term Assets	2,011	1,924	1,946	1,498	2,253	749
Total Assets	47,288	47,481	53,432	50,500	52,781	41,850
Accounts Payable	1,661	1,818	2,076	5,281	5,335	4,614
Accrued Expenses	469	773	926	1,552	1,647	1,519
Short-Term Debt	-	67	84	1,631	1,848	2,153
Current Portion of Long-Term Debt	3,302	2,253	1,024	1,106	101	1,856
Current Portion of Leases	70	71	67	125	103	116
Current Income Taxes Payable	50	43	106	240	1,903	914
Current Unearned Revenue	-	-	-	34	8	18
Other Current Liabilities	8,312	7,790	10,083	608	887	1,062
Total Current Liabilities	13,864	12,815	14,366	10,577	11,832	12,252
Long-Term Debt	8,474	9,307	11,481	13,045	9,856	7,724
Long-Term Leases	324	342	338	464	475	685
Long-Term Unearned Revenue	-	16	17	17	16	15
Pension & Post-Retirement Benefits	232	238	238	507	489	611
Long-Term Deferred Tax Liabilities	126	129	238	935	1,123	505
Other Long-Term Liabilities	438	609	733	497	216	183
Total Liabilities	23,458	23,456	27,411	26,042	24,007	21,975
Common Stock	3,508	3,197	3,197	3,197	3,197	3,197
Additional Paid-In Capital	-	311	305	301	3,031	4,900
Retained Earnings	20,205	18,348	19,181	18,675	19,700	10,071
Comprehensive Income & Other	-	2,065	3,229	2,152	2,712	1,621
Total Common Equity	23,713	23,921	25,912	24,325	28,640	19,789
Minority Interest	117	104	109	133	134	86
Shareholders' Equity	23,830	24,025	26,021	24,458	28,774	19,875
Total Liabilities & Equity	47,288	47,481	53,432	50,500	52,781	41,850
Total Debt	12,170	12,040	12,994	16,371	12,383	12,534
Net Cash (Debt)	-9,276	-9,331	-8,593	-10,001	-3,128	-5,494
Net Cash Per Share	-14.63	-14.70	-13.55	-15.73	-4.92	-8.83
Filing Date Shares Outstanding	634.22	634.22	634.17	633.89	634.48	633.04
Total Common Shares Outstanding	634.22	634.22	634.17	633.89	634.48	633.04
Working Capital	21,175	22,085	26,746	10,878	14,813	9,245
Book Value Per Share	37.39	37.72	40.86	38.37	45.14	31.26
Tangible Book Value	23,272	23,452	25,367	22,171	26,544	17,502
Tangible Book Value Per Share	36.69	36.98	40.00	34.98	41.84	27.65
Land	-	108	121	264	222	206
Buildings	-	4,097	3,801	9,129	8,522	-
Machinery	-	13,826	12,629	26,881	24,123	29,239
Construction In Progress	-	1,076	1,681	6,812	4,992	2,791