Norse Atlantic ASA (OSL:NORSE)

Norse Atlantic ASA Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	67.12	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	67.12	22.26	26.46	75.8	76.33	134.25
Cash Growth	183.86%	-15.89%	-65.09%	-0.69%	-43.15%	-
Accounts Receivable	84.01	72.14	100.25	64.31	34.75	-
Other Receivables	1.12	24.7	11.67	2.26	1.11	0.71
Receivables	85.12	96.83	111.91	66.57	35.86	0.71
Inventory	6.59	6.32	4.6	3.47	2.6	-
Prepaid Expenses	-	16.5	11.86	1.8	2.42	-
Other Current Assets	13.14	-	-	-	-	0
Total Current Assets	171.97	141.91	154.84	147.63	117.2	134.96
Property, Plant & Equipment	665.91	703.41	824.69	898.86	940	96.12
Long-Term Investments	-	-	-	-	-	2.37
Other Intangible Assets	1.57	2.02	2.82	3.32	2.8	0.8
Other Long-Term Assets	74.06	66.55	48.84	33.33	30.24	20.27
Total Assets	913.5	913.89	1,031	1,083	1,090	254.51

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	134.64	167.88	138.86	88.7	55.21	2.05
Current Portion of Long-Term Debt	41.68	20.31	-	-	-	-
Current Portion of Leases	69.21	68.07	79.71	71.68	36.21	0.31
Current Unearned Revenue	92.05	93.86	101.29	52.39	17	-
Other Current Liabilities	-	-	0	-	-	-
Total Current Liabilities	337.59	350.12	319.87	212.77	108.42	2.37
Long-Term Debt	9.01	36.04	22.06	-	-	-
Long-Term Leases	676.27	711.21	826.01	902.15	925.52	93.36
Other Long-Term Liabilities	84.26	76.52	73.83	57.91	45.76	2.2
Total Liabilities	1,107	1,174	1,242	1,173	1,080	97.93

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	150.79	8.27	74.6	62.95	29.95	27.49
Additional Paid-In Capital	29.97	11.5	201.01	198.07	162.56	136.09
Retained Earnings	-374.37	-279.78	-486.17	-350.72	-181.97	-7
Comprehensive Income & Other	-	-0	-	-	-	-
Shareholders' Equity	-193.61	-260.01	-210.57	-89.7	10.54	156.59
Total Liabilities & Equity	913.5	913.89	1,031	1,083	1,090	254.51

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	796.17	835.64	927.78	973.83	961.73	93.67
Net Cash (Debt)	-729.05	-813.38	-901.31	-898.03	-885.4	40.58
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-4.41	-5.41	-6.97	-13.31	-41.98	2.09
Filing Date Shares Outstanding	2,952	162.58	147.8	128.52	51.52	19.42
Total Common Shares Outstanding	2,952	162.58	147.8	122.21	51.52	19.42
Working Capital	-165.62	-208.21	-165.03	-65.14	8.78	132.6
Book Value Per Share	-0.07	-1.60	-1.42	-0.73	0.20	8.06
Tangible Book Value	-195.19	-262.03	-213.39	-93.02	7.73	155.79
Tangible Book Value Per Share	-0.07	-1.61	-1.44	-0.76	0.15	8.02
Machinery	-	8.87	7.89	7.26	6.48	0.16

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 26, 2026

Data Sources Report a data error