Hexagon Composites ASA (OSL:HEX)

Hexagon Composites ASA Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	82.27	302.3	154.35	704.26	591.27	1,641
Cash & Short-Term Investments	82.27	302.3	154.35	704.26	591.27	1,641
Cash Growth	-84.08%	95.85%	-78.08%	19.11%	-63.97%	869.12%
Accounts Receivable	351.83	742.86	551.36	874.89	884.56	451.27
Other Receivables	-	0.03	36.63	6.96	32.52	18.88
Receivables	351.83	742.89	587.98	881.85	917.08	470.15
Inventory	1,199	1,192	1,110	1,546	1,147	740
Prepaid Expenses	-	57.1	58.33	82.75	118.22	106.91
Restricted Cash	-	-	-	9.28	8.94	8.77
Other Current Assets	93.38	151.21	45.8	99.07	31.71	66.06
Total Current Assets	1,726	2,445	1,957	3,324	2,814	3,033
Property, Plant & Equipment	1,230	1,443	1,314	1,810	1,293	1,014
Long-Term Investments	513.32	1,219	1,251	53.27	7.4	80.9
Goodwill	1,186	1,338	1,233	1,717	1,573	1,370
Other Intangible Assets	516.42	588.26	552.73	853.76	811.74	664.5
Long-Term Deferred Tax Assets	33.2	33.2	19.01	-	13.68	1.78
Other Long-Term Assets	34.9	10.33	2.27	146.37	2.49	1.09
Total Assets	5,240	7,077	6,428	7,904	6,515	6,165
Accounts Payable	216.73	389.3	384.02	572.57	392.75	290.37
Accrued Expenses	-	294.15	287.84	343.15	320.15	257.02
Short-Term Debt	-	201.5	11.26	-	9.22	-
Current Portion of Long-Term Debt	47.98	-	1,097	234.67	4.41	-
Current Portion of Leases	56.04	60.52	61.87	70.57	62.46	45.15
Current Income Taxes Payable	-5.66	6.15	65.84	53.06	47.2	118.4
Current Unearned Revenue	38.45	164.29	332.66	548.64	277.66	51.67
Other Current Liabilities	233.23	160.8	444.92	177.61	66.75	176.4
Total Current Liabilities	586.77	1,277	2,686	2,000	1,181	938.99
Long-Term Debt	1,093	1,092	-	1,699	1,247	1,206
Long-Term Leases	454.79	541.06	387.26	481.02	230.28	230.56
Pension & Post-Retirement Benefits	0.45	0.42	1.59	2.32	4.65	3.9
Long-Term Deferred Tax Liabilities	134	163.78	131.02	206.37	247.16	187.36
Other Long-Term Liabilities	263.31	471.03	8.59	45.92	120.79	2.16
Total Liabilities	2,532	3,545	3,214	4,435	3,031	2,569
Common Stock	25.21	21.01	20.16	20.16	20.16	20.16
Additional Paid-In Capital	1,555	996.23	706.54	2,076	2,174	2,146
Treasury Stock	-0.23	-0.04	-0.14	-0.07	-0.09	-0.19
Comprehensive Income & Other	1,127	2,516	2,487	895.81	911.99	1,018
Total Common Equity	2,707	3,533	3,214	2,992	3,106	3,184
Minority Interest	-	-	-	476.9	378.01	411.9
Shareholders' Equity	2,707	3,533	3,214	3,469	3,484	3,596
Total Liabilities & Equity	5,240	7,077	6,428	7,904	6,515	6,165
Total Debt	1,652	1,895	1,558	2,485	1,554	1,482
Net Cash (Debt)	-1,570	-1,593	-1,403	-1,781	-962.58	159.28
Net Cash Per Share	-6.94	-7.77	-7.00	-8.87	-4.81	0.84
Filing Date Shares Outstanding	229.48	209.67	200.24	200.97	199.85	199.77
Total Common Shares Outstanding	229.48	209.67	200.24	200.97	199.85	199.77
Working Capital	1,139	1,169	-728.73	1,323	1,634	2,094
Book Value Per Share	11.80	16.85	16.05	14.89	15.54	15.94
Tangible Book Value	1,005	1,606	1,428	421.05	721.77	1,150
Tangible Book Value Per Share	4.38	7.66	7.13	2.10	3.61	5.75
Land	-	110.33	123.85	214.45	296.55	189.94
Machinery	-	1,365	1,428	2,084	1,298	1,203
Construction In Progress	-	65.48	342.17	-	234.69	97.02

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.