Norcod AS 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	13.96	12.31	22.53	18.78	3.41	29.42
Cash & Short-Term Investments	13.96	12.31	22.53	18.78	3.41	29.42
Cash Growth	62.70%	-45.38%	20.00%	450.32%	-88.40%	-86.52%
Receivables	48.52	62.33	32.72	46.34	46.43	49.41
Inventory	9.59	11.42	13.24	8.09	8.71	4.81
Other Current Assets	262.31	171.89	264.42	272.05	206.76	235.92
Total Current Assets	334.38	257.95	332.91	345.27	265.31	319.55
Property, Plant & Equipment	358.7	339.99	339.06	347.02	200.52	163.34
Long-Term Investments	0	0	0	0.51	34.01	35.59
Goodwill	0.87	0.87	-	-	-	-
Other Intangible Assets	2	2	2	2	2	8.04
Other Long-Term Assets	-	-	0	-0	-0	-
Total Assets	695.96	600.81	673.98	694.79	541.85	556.52
Accounts Payable	73.94	51.75	119.98	135.86	114.26	88.23
Short-Term Debt	193.85	107.98	188.06	119.36	-	-
Current Portion of Long-Term Debt	-	-	17.21	-	158.15	-
Current Portion of Leases	36.01	36.75	34.66	32.64	16.28	15.95
Other Current Liabilities	14.95	19.66	29.8	28.66	15.54	10.9
Total Current Liabilities	318.74	216.13	389.71	316.52	304.23	115.08
Long-Term Debt	47.94	48.56	17.02	29.28	-	74.66
Long-Term Leases	115.06	103.34	111.16	124.18	60.94	57.55
Other Long-Term Liabilities	-	0	-	-0	-	-0
Total Liabilities	481.74	368.03	517.89	469.99	365.17	247.28
Common Stock	35.18	35.18	21.9	14.71	9.61	8.52
Additional Paid-In Capital	1,300	1,304	1,005	846.04	553.04	386.59
Retained Earnings	-1,121	-1,103	-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	214.22	232.78	156.09	224.81	176.68	309.24
Total Liabilities & Equity	695.96	600.81	673.98	694.79	541.85	556.52
Total Debt	392.86	296.62	368.11	305.46	235.37	148.16
Net Cash (Debt)	-378.9	-284.31	-345.57	-286.69	-231.95	-118.74
Net Cash Per Share	-	-4.68	-8.61	-12.27	-12.09	-6.19
Filing Date Shares Outstanding	-	78.84	43.76	43.76	19.18	19.18
Total Common Shares Outstanding	-	70.33	43.76	29.39	19.18	19.18
Working Capital	15.65	41.82	-56.8	28.75	-38.92	204.48
Book Value Per Share	-	3.31	3.57	7.65	9.21	16.12
Tangible Book Value	211.35	229.91	154.09	222.81	174.68	301.2
Tangible Book Value Per Share	-	3.27	3.52	7.58	9.11	15.70
Land	-	34.62	34.66	34.17	3.09	-
Machinery	-	210.89	183.32	169.83	79.35	55.25