Måsøval AS Balance Sheet

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	103.39	20.67	9.57	38.47	121.25
Cash & Short-Term Investments	103.39	20.67	9.57	38.47	121.25
Cash Growth	400.21%	116.02%	-75.13%	-68.27%	464.59%
Accounts Receivable	83.82	436.65	427.76	173.77	193.57
Other Receivables	132.65	73.54	97.81	82.23	49.83
Receivables	216.47	510.19	525.57	256	243.4
Inventory	1,060	1,159	1,142	1,198	725.7
Total Current Assets	1,380	1,689	1,677	1,492	1,090
Property, Plant & Equipment	1,152	1,025	985.7	997.28	927.68
Long-Term Investments	15.33	0.01	0.01	0.01	0.54
Goodwill	427.26	427.26	428.39	428.39	438.96
Other Intangible Assets	2,069	2,069	2,069	2,069	2,069
Other Long-Term Assets	31.24	31.32	0.26	0.42	3.75
Total Assets	5,075	5,242	5,160	4,987	4,530
Accounts Payable	413.55	330.85	355.24	221.56	175.8
Accrued Expenses	66.88	65.74	46.88	46.13	28.48
Short-Term Debt	267.83	280.88	137.59	296.2	193.64
Current Portion of Long-Term Debt	123.38	146.07	1,365	121.28	121.14
Current Portion of Leases	160.53	107.11	150.2	130.81	103.7
Current Income Taxes Payable	42.03	10.57	113.07	98.63	32.88
Other Current Liabilities	44.86	28.23	107.36	39.92	39.64
Total Current Liabilities	1,119	969.46	2,275	954.53	695.27
Long-Term Debt	1,324	1,423	-	1,151	1,560
Long-Term Leases	425.86	323.44	294.94	328.14	301.63
Long-Term Deferred Tax Liabilities	388.66	631.07	795.63	564.45	487.16
Other Long-Term Liabilities	-	-	-	0	0
Total Liabilities	3,258	3,347	3,366	2,998	3,044
Common Stock	30.63	30.63	30.63	30.63	30.63
Additional Paid-In Capital	872.43	872.43	872.43	872.43	872.43
Retained Earnings	889.27	962.3	852.72	1,050	551.92
Total Common Equity	1,792	1,865	1,756	1,953	1,455
Minority Interest	24.71	29.57	38.5	36	30.69
Shareholders' Equity	1,817	1,895	1,794	1,989	1,486
Total Liabilities & Equity	5,075	5,242	5,160	4,987	4,530
Total Debt	2,302	2,281	1,948	2,027	2,280
Net Cash (Debt)	-2,198	-2,260	-1,938	-1,989	-2,159
Net Cash Per Share	-17.94	-18.45	-15.82	-16.23	-20.73
Filing Date Shares Outstanding	122.51	122.51	122.51	122.51	122.51
Total Common Shares Outstanding	122.51	122.51	122.51	122.51	122.51
Working Capital	260.98	719.92	-598.28	537.52	395.07
Book Value Per Share	14.63	15.23	14.33	15.94	11.88
Tangible Book Value	-703.7	-630.67	-741.38	-544.18	-1,053
Tangible Book Value Per Share	-5.74	-5.15	-6.05	-4.44	-8.59
Machinery	472.02	440.75	290.69	292.69	281.21

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.