Norske Skog ASA Balance Sheet

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
Cash & Equivalents	1,082	1,127	2,463	2,650	1,489
Cash & Short-Term Investments	1,082	1,127	2,463	2,650	1,489
Cash Growth	-3.99%	-54.24%	-7.06%	77.97%	48.90%
Accounts Receivable	1,508	422	538	774	686
Other Receivables	-	767	1,033	1,118	681
Receivables	1,508	1,189	1,571	1,892	1,367
Inventory	1,371	1,390	1,360	1,464	1,203
Prepaid Expenses	-	64	64	52	44
Other Current Assets	152	660	229	481	484
Total Current Assets	4,113	4,430	5,687	6,539	4,587
Property, Plant & Equipment	10,249	9,723	8,567	5,852	4,103
Long-Term Investments	14	121	186	415	219
Other Intangible Assets	17	11	12	14	21
Long-Term Deferred Tax Assets	134	111	206	137	-
Other Long-Term Assets	180	71	97	652	195
Total Assets	14,707	14,467	14,755	13,609	9,125
Accounts Payable	2,363	1,282	1,035	819	1,017
Accrued Expenses	-	820	1,234	1,438	877
Current Portion of Long-Term Debt	974	749	484	277	144
Current Portion of Leases	-	22	33	33	43
Current Income Taxes Payable	11	11	11	358	50
Other Current Liabilities	255	696	117	353	469
Total Current Liabilities	3,603	3,580	2,914	3,278	2,600
Long-Term Debt	4,403	4,405	4,481	3,392	2,288
Long-Term Leases	-	70	55	40	68
Long-Term Unearned Revenue	-	287	205	23	21
Pension & Post-Retirement Benefits	259	296	294	278	312
Long-Term Deferred Tax Liabilities	135	207	202	208	260
Other Long-Term Liabilities	488	238	443	481	443
Total Liabilities	8,888	9,083	8,594	7,700	5,992
Common Stock	6,611	6,611	6,611	6,649	6,649
Additional Paid-In Capital	2,249	2,249	2,249	2,249	2,249
Retained Earnings	-3,042	-	-	-	-
Comprehensive Income & Other	1	-3,476	-2,699	-2,989	-5,765
Shareholders' Equity	5,819	5,384	6,161	5,909	3,133
Total Liabilities & Equity	14,707	14,467	14,755	13,609	9,125
Total Debt	5,377	5,246	5,053	3,742	2,543
Net Cash (Debt)	-4,295	-4,119	-2,590	-1,092	-1,054
Net Cash Per Share	-50.60	-48.57	-30.54	-11.58	-11.32
Filing Date Shares Outstanding	84.84	84.84	84.84	94.26	94.26
Total Common Shares Outstanding	84.84	84.84	84.84	94.26	94.26
Working Capital	510	850	2,773	3,261	1,987
Book Value Per Share	68.59	63.46	72.62	62.69	33.24
Tangible Book Value	5,802	5,373	6,149	5,895	3,112
Tangible Book Value Per Share	68.39	63.33	72.48	62.54	33.01
Land	-	6,942	7,040	6,962	6,579
Machinery	-	22,582	26,398	29,711	28,355
Construction In Progress	-	5,210	4,085	2,860	1,347

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