Nordic Aqua Partners Balance Sheet

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

Millions EUR. 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	11.51	18.04	22.42	12.51	37.3
Cash & Short-Term Investments	11.51	18.04	22.42	12.51	37.3
Cash Growth	-36.24%	-19.53%	79.17%	-66.45%	-30.52%
Accounts Receivable	0.41	0.17	-	-	-
Other Receivables	6.56	4.74	5.08	0.56	0.79
Receivables	6.98	4.91	5.08	0.56	0.79
Inventory	26.59	16.96	9.64	0.73	-
Other Current Assets	-	-	-	0	-
Total Current Assets	45.07	39.92	37.14	13.8	38.09
Property, Plant & Equipment	125.51	109.43	62.35	36.61	15.12
Long-Term Deferred Tax Assets	7.38	3.09	-	-	-
Other Long-Term Assets	1.22	5.91	2.09	1.36	1.38
Total Assets	179.17	158.35	101.59	51.77	54.6
Accounts Payable	10.86	7.08	2.39	3.3	0.9
Current Portion of Long-Term Debt	11.34	4.86	-	-	-
Current Portion of Leases	0.4	0.41	0.21	-	-
Other Current Liabilities	0.55	0.95	1.12	0.23	0.11
Total Current Liabilities	23.14	13.3	3.72	3.53	1.01
Long-Term Debt	18.23	21.78	15.02	-	-
Long-Term Leases	32.59	35.79	9.5	-	-
Long-Term Deferred Tax Liabilities	0.97	0.6	-	-	-
Other Long-Term Liabilities	-	-0	-	-	-
Total Liabilities	74.93	71.47	28.24	3.53	1.01
Common Stock	1.84	1.84	1.43	1.38	1.38
Additional Paid-In Capital	123.25	123.25	93.89	59.32	-
Retained Earnings	-56.33	-40.01	-22.58	-14.36	50.54
Comprehensive Income & Other	17.49	1.8	0.62	1.9	1.67
Total Common Equity	86.25	86.88	73.35	48.25	53.59
Minority Interest	17.99	-	-	-	-
Shareholders' Equity	104.24	86.88	73.35	48.25	53.59
Total Liabilities & Equity	179.17	158.35	101.59	51.77	54.6
Total Debt	62.56	62.83	24.72	-	-
Net Cash (Debt)	-51.06	-44.79	-2.3	12.51	37.3
Net Cash Growth	-	-	-	-66.45%	-30.52%
Net Cash Per Share	-2.38	-2.60	-0.16	1.22	3.63
Filing Date Shares Outstanding	21.21	21.21	16.33	14.9	10.28
Total Common Shares Outstanding	21.21	21.21	16.33	10.28	10.28
Working Capital	21.93	26.62	33.42	10.28	37.08
Book Value Per Share	4.07	4.10	4.49	4.69	5.21
Tangible Book Value	86.25	86.88	73.35	48.25	53.59
Tangible Book Value Per Share	4.07	4.10	4.49	4.69	5.21
Machinery	61.43	63.76	22.51	0.8	0.2
Construction In Progress	39.89	13.51	31.16	35.91	14.95

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