Nordic Halibut AS (OSL:NOHAL)

Nordic Halibut AS Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	-9.97	-99.79	-60.66	-62.35	-60.95
Depreciation & Amortization	51.04	36.2	25.39	16.65	12.42
Other Operating Activities	22.08	22.14	11.14	5.6	5.28
Change in Accounts Receivable	-10.73	-2.82	5.6	6.34	-4.53
Change in Inventory	-189.36	-110.22	-86.54	-38.14	2.94
Change in Accounts Payable	3.86	3.52	9.78	-7.01	0.17
Change in Other Net Operating Assets	-13.05	2.92	9.02	1.26	-1.03
Operating Cash Flow	-146.13	-148.05	-86.29	-77.65	-45.7
Capital Expenditures	-148.59	-30.3	-48.52	-31.53	-31.4
Investing Cash Flow	-148.59	-30.3	-48.52	-31.53	-31.4
Short-Term Debt Issued	-	136.22	45.32	0.25	-
Long-Term Debt Issued	101	10	-	5	3.9
Total Debt Issued	101	146.22	45.32	5.25	3.9
Short-Term Debt Repaid	-35.78	-	-	-	-22.1
Long-Term Debt Repaid	-42.54	-24.89	-22.72	-18.83	-69.72
Total Debt Repaid	-78.32	-24.89	-22.72	-18.83	-91.82
Net Debt Issued (Repaid)	22.68	121.33	22.6	-13.59	-87.92
Issuance of Common Stock	280.93	-	199.39	-	274.54
Other Financing Activities	-18.75	-22.51	-10.61	-4.52	-6.05
Financing Cash Flow	284.85	98.82	211.38	-18.11	180.57
Foreign Exchange Rate Adjustments	-3.33	0.37	-0.52	-1.08	0.77
Miscellaneous Cash Flow Adjustments	-	0	-	-	0
Net Cash Flow	-13.19	-79.16	76.05	-128.37	104.24
Free Cash Flow	-294.71	-178.35	-134.81	-109.18	-77.1
Free Cash Flow Margin	-202.55%	-196.91%	-132.14%	-136.16%	-108.15%
Free Cash Flow Per Share	-5.62	-4.56	-3.45	-3.74	-3.46
Cash Interest Paid	18.75	22.51	10.61	4.52	6.05
Levered Free Cash Flow	-286.16	-149.19	-96.79	-96.42	-24.54
Unlevered Free Cash Flow	-274.49	-135.14	-90.15	-93.59	-20.63
Change in Working Capital	-209.28	-106.6	-62.15	-37.56	-2.45

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