Norcod 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	12.31	22.53	18.78	3.41	29.42
Cash & Short-Term Investments	12.31	22.53	18.78	3.41	29.42
Cash Growth	-45.38%	20.00%	450.32%	-88.40%	-86.52%
Receivables	69.04	32.72	46.34	46.43	49.41
Inventory	11.42	13.24	8.09	8.71	4.81
Other Current Assets	171.89	264.42	272.05	206.76	235.92
Total Current Assets	264.65	332.91	345.27	265.31	319.55
Property, Plant & Equipment	339.99	339.06	347.02	200.52	163.34
Long-Term Investments	0	0	0.51	34.01	35.59
Goodwill	0.87	-	-	-	-
Other Intangible Assets	2	2	2	2	8.04
Other Long-Term Assets	-0	0	-0	-0	-
Total Assets	607.51	673.98	694.79	541.85	556.52
Accounts Payable	51.75	119.98	135.86	114.26	88.23
Short-Term Debt	-	188.06	119.36	-	-
Current Portion of Long-Term Debt	107.98	17.21	-	158.15	-
Current Portion of Leases	36.75	34.66	32.64	16.28	15.95
Other Current Liabilities	18.52	29.8	28.66	15.54	10.9
Total Current Liabilities	215	389.71	316.52	304.23	115.08
Long-Term Debt	48.56	17.02	29.28	-	74.66
Long-Term Leases	103.34	111.16	124.18	60.94	57.55
Other Long-Term Liabilities	0	0	-0	-	-0
Total Liabilities	366.89	517.89	469.99	365.17	247.28
Common Stock	35.18	21.9	14.71	9.61	8.52
Additional Paid-In Capital	1,304	1,005	846.04	553.04	386.59
Retained Earnings	-1,095	-867.25	-632.24	-382.27	-82.16
Treasury Stock	-3.71	-3.71	-3.71	-3.71	-3.71
Comprehensive Income & Other	-0	-	-0	0	-
Shareholders' Equity	240.62	156.09	224.81	176.68	309.24
Total Liabilities & Equity	607.51	673.98	694.79	541.85	556.52
Total Debt	296.62	368.11	305.46	235.37	148.16
Net Cash (Debt)	-284.31	-345.57	-286.69	-231.95	-118.74
Net Cash Per Share	-	-8.61	-12.27	-12.09	-6.19
Filing Date Shares Outstanding	-	43.76	43.76	19.18	19.18
Total Common Shares Outstanding	-	43.76	29.39	19.18	19.18
Working Capital	49.66	-56.8	28.75	-38.92	204.48
Book Value Per Share	-	3.57	7.65	9.21	16.12
Tangible Book Value	237.75	154.09	222.81	174.68	301.2
Tangible Book Value Per Share	-	3.52	7.58	9.11	15.70
Land	-	34.66	34.17	3.09	-
Machinery	-	183.32	169.83	79.35	55.25

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