Hexagon Composites 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	178	211.41	302.3	154.35	704.26	591.27
Cash & Short-Term Investments	178	211.41	302.3	154.35	704.26	591.27
Cash Growth	17.92%	-30.07%	95.85%	-78.08%	19.11%	-63.97%
Accounts Receivable	528	491.49	742.86	551.36	874.89	884.56
Other Receivables	-	0.07	0.03	36.63	6.96	32.52
Receivables	528	491.56	742.89	587.98	881.85	917.08
Inventory	1,016	1,125	1,192	1,110	1,546	1,147
Prepaid Expenses	-	70.61	57.1	58.33	82.75	118.22
Restricted Cash	-	-	-	-	9.28	8.94
Other Current Assets	101	28.93	151.21	45.8	99.07	31.71
Total Current Assets	1,823	1,927	2,445	1,957	3,324	2,814
Property, Plant & Equipment	1,216	1,290	1,443	1,314	1,810	1,293
Long-Term Investments	75	351.4	1,219	1,251	53.27	7.4
Goodwill	-	1,159	1,338	1,233	1,717	1,573
Other Intangible Assets	1,607	520.11	588.26	552.73	853.76	811.74
Long-Term Deferred Tax Assets	41	32.04	33.2	19.01	-	13.68
Other Long-Term Assets	202	25.59	10.33	2.27	146.37	2.49
Total Assets	4,964	5,305	7,077	6,428	7,904	6,515
Accounts Payable	208	178.19	389.3	384.02	572.57	392.75
Accrued Expenses	-	227.78	294.15	287.84	343.15	320.15
Short-Term Debt	-	-	201.5	11.26	-	9.22
Current Portion of Long-Term Debt	-	-	-	1,097	234.67	4.41
Current Portion of Leases	52	54.49	60.52	61.87	70.57	62.46
Current Income Taxes Payable	-2	-	6.15	65.84	53.06	47.2
Current Unearned Revenue	39	54.21	164.29	332.66	548.64	277.66
Other Current Liabilities	295	91.49	160.8	444.92	177.61	66.75
Total Current Liabilities	592	606.16	1,277	2,686	2,000	1,181
Long-Term Debt	1,240	1,242	1,092	-	1,699	1,247
Long-Term Leases	430	454.8	541.06	387.26	481.02	230.28
Pension & Post-Retirement Benefits	-	-	0.42	1.59	2.32	4.65
Long-Term Deferred Tax Liabilities	79	61.49	163.78	131.02	206.37	247.16
Other Long-Term Liabilities	242	296.34	471.03	8.59	45.92	120.79
Total Liabilities	2,583	2,661	3,545	3,214	4,435	3,031
Common Stock	1,580	25.21	21.01	20.16	20.16	20.16
Additional Paid-In Capital	-	1,554	996.23	706.54	2,076	2,174
Treasury Stock	-	-0.05	-0.04	-0.14	-0.07	-0.09
Comprehensive Income & Other	801	1,065	2,516	2,487	895.81	911.99
Total Common Equity	2,381	2,645	3,533	3,214	2,992	3,106
Minority Interest	-	-	-	-	476.9	378.01
Shareholders' Equity	2,381	2,645	3,533	3,214	3,469	3,484
Total Liabilities & Equity	4,964	5,305	7,077	6,428	7,904	6,515
Total Debt	1,722	1,751	1,895	1,558	2,485	1,554
Net Cash (Debt)	-1,544	-1,540	-1,593	-1,403	-1,781	-962.58
Net Cash Per Share	-	-6.68	-7.77	-7.00	-8.87	-4.81
Filing Date Shares Outstanding	-	251.54	209.67	200.24	200.97	199.85
Total Common Shares Outstanding	-	251.54	209.67	200.24	200.97	199.85
Working Capital	1,231	1,321	1,169	-728.73	1,323	1,634
Book Value Per Share	-	10.51	16.85	16.05	14.89	15.54
Tangible Book Value	774	965.82	1,606	1,428	421.05	721.77
Tangible Book Value Per Share	-	3.84	7.66	7.13	2.10	3.61
Land	-	154.93	110.33	123.85	214.45	296.55
Machinery	-	1,303	1,365	1,428	2,084	1,298
Construction In Progress	-	77.46	65.48	342.17	-	234.69

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