Ocean GeoLoop AS Balance Sheet

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	65.29	114.28	179.83	142.52
Short-Term Investments	0.01	0.01	0.01	-
Cash & Short-Term Investments	65.3	114.29	179.84	142.52
Cash Growth	-42.86%	-36.45%	26.19%	-
Accounts Receivable	86.15	46.87	45.86	0.09
Other Receivables	10.35	6.36	8.85	8.08
Receivables	96.5	53.23	54.71	8.17
Inventory	5.08	5.33	4.49	-
Other Current Assets	-	-	-0	-
Total Current Assets	166.88	172.84	239.04	150.68
Property, Plant & Equipment	77.91	71.31	52.94	13.2
Goodwill	5.09	8.22	11.35	-
Other Intangible Assets	54.58	55.04	59.87	-
Other Long-Term Assets	-	-	0	0
Total Assets	304.45	307.41	363.2	163.88
Accounts Payable	39.77	23.69	39.91	7.68
Accrued Expenses	11.24	9.44	6.79	0.76
Short-Term Debt	0.94	-	-	-
Current Portion of Long-Term Debt	-	-	0.91	-
Current Income Taxes Payable	-	0.01	0	-
Other Current Liabilities	51.98	15.18	16.21	2.43
Total Current Liabilities	103.94	48.32	63.82	10.86
Long-Term Debt	3.26	2.62	2.43	-
Long-Term Deferred Tax Liabilities	7.66	9.02	10.6	-
Other Long-Term Liabilities	-	11.69	7	0
Total Liabilities	114.85	71.64	83.85	10.86
Common Stock	0.53	0.53	0.53	0.49
Additional Paid-In Capital	363.49	363.49	363.49	206.95
Retained Earnings	-189.4	-145.73	-75.68	-44.69
Comprehensive Income & Other	-8.03	-10.26	-16.1	-9.73
Total Common Equity	166.59	208.03	272.24	153.02
Minority Interest	23.02	27.75	7.11	-
Shareholders' Equity	189.6	235.77	279.35	153.02
Total Liabilities & Equity	304.45	307.41	363.2	163.88
Total Debt	4.2	2.62	3.34	-
Net Cash (Debt)	61.1	111.67	176.5	142.52
Net Cash Growth	-45.29%	-36.73%	23.84%	-
Net Cash Per Share	1.16	2.12	3.35	-
Filing Date Shares Outstanding	52.72	52.72	52.72	-
Total Common Shares Outstanding	52.72	52.72	52.72	-
Working Capital	62.95	124.52	175.22	139.82
Book Value Per Share	3.16	3.95	5.16	-
Tangible Book Value	106.92	144.77	201.02	153.02
Tangible Book Value Per Share	2.03	2.75	3.81	-
Machinery	86.09	74.32	33.47	14.51
Construction In Progress	13.93	9.63	21.29	-

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.