Norsk Titanium AS (OSL:NTI)

Norsk Titanium AS 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	19.62	19.25	22.82	1.19	7.73	22.93
Short-Term Investments	-	0.55	0.59	0.58	0.61	0.58
Cash & Short-Term Investments	19.62	19.8	23.41	1.77	8.34	23.51
Cash Growth	62.19%	-15.40%	1221.05%	-78.76%	-64.50%	746.49%
Accounts Receivable	0.57	1.23	1.95	0.58	0.7	0.39
Other Receivables	-	0.37	0.43	0.01	0.98	1.35
Receivables	0.57	1.6	2.38	0.59	1.68	1.74
Inventory	8.09	8.78	6.27	5.89	5.26	5.17
Prepaid Expenses	-	0.48	0.76	0.38	1.23	0.5
Other Current Assets	1.74	0.07	0.17	0.14	0.17	0.11
Total Current Assets	30.02	30.73	32.98	8.77	16.69	31.02
Property, Plant & Equipment	4.49	4.79	4.4	4.86	5.55	4.58
Other Intangible Assets	1.1	0.45	0.16	0.14	0.15	0.57
Long-Term Deferred Tax Assets	0.04	0.04	0.04	0.04	0.02	0.02
Long-Term Deferred Charges	-	1.02	1.79	2.97	4.15	5.79
Other Long-Term Assets	-	0	0	0	-0	-0
Total Assets	35.64	37.04	39.37	16.77	26.56	41.99

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	1.57	1.14	1.37	1.12	0.77	0.93
Accrued Expenses	-	1.93	2.6	1.49	1.14	1.05
Short-Term Debt	-	-	-	8.65	-	-
Current Portion of Long-Term Debt	1.02	0.01	0.01	-	-	-
Current Portion of Leases	0.42	0.44	0.35	0.52	0.5	0.39
Current Income Taxes Payable	-	-	-	-	-0.04	-0.03
Current Unearned Revenue	0.46	1.11	1.56	3.29	3.84	4.07
Other Current Liabilities	1.72	1.06	0.42	0.44	0.41	0.37
Total Current Liabilities	5.19	5.69	6.32	15.51	6.62	6.76
Long-Term Debt	3.63	4.68	0.04	0.05	-	-
Long-Term Leases	1.18	1.23	1.12	1.39	1.61	0.22
Long-Term Unearned Revenue	-	2.28	0.9	-	-	-
Other Long-Term Liabilities	2.32	0.21	0.18	0.85	0.91	0.9
Total Liabilities	12.31	14.08	8.57	17.8	9.14	7.88

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	9.27	8.2	6.42	2.45	2.22	2.01
Additional Paid-In Capital	31.32	19.21	54.84	19.62	38.07	48.63
Retained Earnings	-12.48	-	-	-	-	-7.2
Comprehensive Income & Other	-4.78	-4.45	-30.46	-23.09	-22.87	-9.34
Shareholders' Equity	23.33	22.96	30.8	-1.03	17.42	34.1
Total Liabilities & Equity	35.64	37.04	39.37	16.77	26.56	41.99

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	6.24	6.36	1.53	10.62	2.11	0.61
Net Cash (Debt)	13.38	13.44	21.88	-8.84	6.24	22.9
Net Cash Growth	125.10%	-38.59%	-	-	-72.76%	-
Net Cash Per Share	-	0.02	0.04	-0.03	0.03	0.13
Filing Date Shares Outstanding	-	1,027	802.13	270.02	239.67	211.9
Total Common Shares Outstanding	-	1,027	802.13	270.02	239.67	211.9
Working Capital	24.83	25.05	26.66	-6.74	10.07	24.26
Book Value Per Share	-	0.02	0.04	-0.00	0.07	0.16
Tangible Book Value	22.23	22.51	30.64	-1.16	17.27	33.54
Tangible Book Value Per Share	-	0.02	0.04	-0.00	0.07	0.16
Buildings	-	1.78	1.78	1.67	1.61	1.82
Machinery	-	6.68	5.69	5.63	6.36	7.91

Data Source: S&P Global Market Intelligence Last updated: Aug 19, 2026

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

Update frequency:

Semi-annually

Last checked:

Sep 14, 2026

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