Norwegian Air Shuttle ASA 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	7,434	9,868	9,478	7,759	7,695
Short-Term Investments	2,625	-	-	-	-
Trading Asset Securities	-	1,012	-	-	-
Cash & Short-Term Investments	10,059	10,880	9,478	7,759	7,695
Cash Growth	-7.55%	14.79%	22.15%	0.83%	188.53%
Accounts Receivable	3,887	2,148	1,852	1,176	1,541
Other Receivables	-	-	-	1,009	612.4
Receivables	3,887	2,148	1,852	2,185	2,153
Inventory	566	501.6	259.6	81.3	16.3
Prepaid Expenses	-	751.1	460.7	-	-
Other Current Assets	1	972.6	993.2	19.8	0.1
Total Current Assets	14,513	15,254	13,044	10,045	9,864
Property, Plant & Equipment	21,237	15,906	11,944	7,140	6,768
Long-Term Investments	-	85.4	16.1	3.7	3.7
Goodwill	-	212.8	94	94	94
Other Intangible Assets	567	374.4	167	95.1	86.2
Long-Term Deferred Tax Assets	1,692	1,842	1,901	1,901	1,890
Other Long-Term Assets	4,022	3,926	3,384	3,391	119.4
Total Assets	42,031	37,600	30,550	22,670	18,825
Accounts Payable	-	683	906.1	529.8	321
Accrued Expenses	-	3,512	2,259	1,671	929.4
Current Portion of Long-Term Debt	2,065	1,805	121.9	198.5	183.1
Current Portion of Leases	1,774	2,024	1,591	1,191	777.9
Current Income Taxes Payable	-	61.1	76.9	13.4	0.2
Current Unearned Revenue	4,396	4,143	3,203	2,549	1,324
Other Current Liabilities	5,793	897.6	802.6	1,472	2,532
Total Current Liabilities	14,028	13,125	8,961	7,624	6,068
Long-Term Debt	3,782	2,948	3,623	4,050	3,982
Long-Term Leases	11,930	9,301	8,689	4,646	4,435
Pension & Post-Retirement Benefits	-	327.2	210.1	202.3	206.2
Long-Term Deferred Tax Liabilities	-	66	64.7	59.9	59.9
Other Long-Term Liabilities	4,623	4,592	3,230	1,884	805.3
Total Liabilities	34,363	30,359	24,777	18,466	15,556
Common Stock	7,668	96.4	96.2	93	92.9
Additional Paid-In Capital	-	25,747	25,728	25,438	25,424
Retained Earnings	-	-21,359	-22,527	-24,117	-25,030
Comprehensive Income & Other	-	2,756	2,475	2,790	2,782
Total Common Equity	7,668	7,241	5,773	4,203	3,270
Shareholders' Equity	7,668	7,241	5,773	4,203	3,270
Total Liabilities & Equity	42,031	37,600	30,550	22,670	18,825
Total Debt	19,551	16,077	14,025	10,085	9,377
Net Cash (Debt)	-9,492	-5,197	-4,548	-2,326	-1,683
Net Cash Per Share	-8.74	-4.61	-4.04	-2.07	-2.41
Filing Date Shares Outstanding	1,054	963.88	961.77	929.99	929.16
Total Common Shares Outstanding	1,054	963.88	961.77	929.99	928.52
Working Capital	485	2,128	4,083	2,421	3,796
Book Value Per Share	7.28	5.97	4.44	2.58	1.57
Tangible Book Value	7,101	6,654	5,512	4,014	3,089
Tangible Book Value Per Share	6.74	5.36	4.17	2.38	1.38
Buildings	-	487.7	286.8	284	289.3
Machinery	-	7,305	3,722	3,208	3,018

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