Norse Atlantic ASA Balance Sheet

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

Millions USD. 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	4.94	17.55	22.86	54.83	69.71	134.25
Short-Term Investments	-	4.7	3.61	20.97	6.62	-
Cash & Short-Term Investments	4.94	22.26	26.46	75.8	76.33	134.25
Cash Growth	-80.23%	-15.89%	-65.09%	-0.69%	-43.15%	-
Accounts Receivable	105.72	72.14	100.25	64.31	34.75	-
Other Receivables	0.06	24.7	11.67	2.26	1.11	0.71
Receivables	105.78	96.83	111.91	66.57	35.86	0.71
Inventory	6.53	6.32	4.6	3.47	2.6	-
Prepaid Expenses	-	16.5	11.86	1.8	2.42	-
Other Current Assets	13.05	-	-	-	-	0
Total Current Assets	130.3	141.91	154.84	147.63	117.2	134.96
Property, Plant & Equipment	684.55	703.41	824.69	898.86	940	96.12
Long-Term Investments	-	-	-	-	-	2.37
Other Intangible Assets	1.8	2.02	2.82	3.32	2.8	0.8
Other Long-Term Assets	70.56	66.55	48.84	33.33	30.24	20.27
Total Assets	887.2	913.89	1,031	1,083	1,090	254.51
Accounts Payable	163.83	167.88	138.86	88.7	55.21	2.05
Current Portion of Long-Term Debt	20.37	20.31	-	-	-	-
Current Portion of Leases	68.59	68.07	79.71	71.68	36.21	0.31
Current Unearned Revenue	108.26	93.86	101.29	52.39	17	-
Other Current Liabilities	-	-	0	-	-	-
Total Current Liabilities	361.05	350.12	319.87	212.77	108.42	2.37
Long-Term Debt	35.9	36.04	22.06	-	-	-
Long-Term Leases	693.78	711.21	826.01	902.15	925.52	93.36
Other Long-Term Liabilities	80.23	76.52	73.83	57.91	45.76	2.2
Total Liabilities	1,171	1,174	1,242	1,173	1,080	97.93
Common Stock	8.27	8.27	74.6	62.95	29.95	27.49
Additional Paid-In Capital	11.78	11.5	201.01	198.07	162.56	136.09
Retained Earnings	-303.81	-279.78	-486.17	-350.72	-181.97	-7
Comprehensive Income & Other	-0	-0	-	-	-	-
Shareholders' Equity	-283.77	-260.01	-210.57	-89.7	10.54	156.59
Total Liabilities & Equity	887.2	913.89	1,031	1,083	1,090	254.51
Total Debt	818.64	835.64	927.78	973.83	961.73	93.67
Net Cash (Debt)	-813.7	-813.38	-901.31	-898.03	-885.4	40.58
Net Cash Per Share	-5.31	-5.41	-6.97	-13.31	-41.98	2.09
Filing Date Shares Outstanding	162.58	162.58	147.8	128.52	51.52	19.42
Total Common Shares Outstanding	162.58	162.58	147.8	122.21	51.52	19.42
Working Capital	-230.75	-208.21	-165.03	-65.14	8.78	132.6
Book Value Per Share	-1.75	-1.60	-1.42	-0.73	0.20	8.06
Tangible Book Value	-285.56	-262.03	-213.39	-93.02	7.73	155.79
Tangible Book Value Per Share	-1.76	-1.61	-1.44	-0.76	0.15	8.02
Machinery	-	8.87	7.89	7.26	6.48	0.16