North Energy ASA Cash Flow Statement

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

Millions NOK. 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
Net Income	-40.18	58.11	24.62	-13.07	-27.83
Depreciation & Amortization	1.55	1.58	1.47	1.54	1.1
Loss (Gain) From Sale of Investments	23.74	-44.96	-2.29	5.36	45.15
Loss (Gain) on Equity Investments	-6.43	-33.91	-40.48	-6.27	-26.86
Other Operating Activities	3.32	0.96	1.09	0.44	-18.24
Change in Accounts Payable	-0.13	0.25	0.06	0.02	-
Change in Other Net Operating Assets	-3.58	-1.44	-3.3	-13.72	11.09
Operating Cash Flow	-21.71	-19.43	-18.83	-25.71	-15.6
Capital Expenditures	-	-	-0.02	-0.08	-0.04
Investment in Securities	-67.04	124.89	20.95	-25.55	-17.86
Other Investing Activities	21.35	18.3	9.15	8.3	6.92
Investing Cash Flow	-45.69	143.19	30.08	-17.33	-10.98
Short-Term Debt Issued	85.92	-	5.85	7.72	-
Total Debt Issued	85.92	-	5.85	7.72	-
Short-Term Debt Repaid	-	-13.58	-	-	-
Long-Term Debt Repaid	-1.77	-1.61	-1.63	-1.6	-
Total Debt Repaid	-1.77	-15.19	-1.63	-1.6	-
Net Debt Issued (Repaid)	84.14	-15.19	4.22	6.12	-
Common Dividends Paid	-17.59	-11.73	-11.73	-	-52.76
Other Financing Activities	0.12	-0.75	-0.84	-0.02	-
Financing Cash Flow	66.67	-27.67	-8.35	6.1	-52.76
Foreign Exchange Rate Adjustments	-0.21	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	0	-
Net Cash Flow	-0.94	96.09	2.9	-36.93	-79.35
Free Cash Flow	-21.71	-19.43	-18.85	-25.79	-15.64
Free Cash Flow Margin	-24124.44%	-21591.11%	-26179.17%	-22825.66%	-8787.64%
Free Cash Flow Per Share	-0.18	-0.17	-0.16	-0.22	-0.13
Cash Interest Paid	3.18	0.75	0.84	0.02	-
Levered Free Cash Flow	-19.02	-11.4	-13.67	-18.01	-7.05
Unlevered Free Cash Flow	-16.78	-10.19	-12.94	-17.85	-7.05
Change in Working Capital	-3.72	-1.2	-3.24	-13.7	11.09

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