Ocean GeoLoop AS 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	20.59	65.29	114.28	179.83	142.52
Short-Term Investments	0.01	0.01	0.01	0.01	-
Cash & Short-Term Investments	20.6	65.3	114.29	179.84	142.52
Cash Growth	-68.45%	-42.86%	-36.45%	26.19%	-
Accounts Receivable	87.85	86.15	46.87	45.86	0.09
Other Receivables	5.65	10.35	6.36	8.85	8.08
Receivables	93.5	96.5	53.23	54.71	8.17
Inventory	6.16	5.08	5.33	4.49	-
Other Current Assets	-0	-	-	-0	-
Total Current Assets	120.25	166.88	172.84	239.04	150.68
Property, Plant & Equipment	13.36	77.91	71.31	52.94	13.2
Goodwill	5.84	5.09	8.22	11.35	-
Other Intangible Assets	42.2	54.58	55.04	59.87	-
Other Long-Term Assets	-	-	-	0	0
Total Assets	181.66	304.45	307.41	363.2	163.88
Accounts Payable	34.41	39.77	23.69	39.91	7.68
Accrued Expenses	5.03	11.24	9.44	6.79	0.76
Short-Term Debt	7.33	0.94	-	-	-
Current Portion of Long-Term Debt	-	-	-	0.91	-
Current Income Taxes Payable	-	-	0.01	0	-
Other Current Liabilities	63.63	51.98	15.18	16.21	2.43
Total Current Liabilities	110.4	103.94	48.32	63.82	10.86
Long-Term Debt	1.16	3.26	2.62	2.43	-
Long-Term Deferred Tax Liabilities	2.57	7.66	9.02	10.6	-
Other Long-Term Liabilities	0	-	11.69	7	0
Total Liabilities	114.13	114.85	71.64	83.85	10.86
Common Stock	0.53	0.53	0.53	0.53	0.49
Additional Paid-In Capital	214.58	363.49	363.49	363.49	206.95
Retained Earnings	-155.92	-189.4	-145.73	-75.68	-44.69
Comprehensive Income & Other	-8	-8.03	-10.26	-16.1	-9.73
Total Common Equity	51.19	166.59	208.03	272.24	153.02
Minority Interest	16.35	23.02	27.75	7.11	-
Shareholders' Equity	67.54	189.6	235.77	279.35	153.02
Total Liabilities & Equity	181.66	304.45	307.41	363.2	163.88
Total Debt	8.49	4.2	2.62	3.34	-
Net Cash (Debt)	12.11	61.1	111.67	176.5	142.52
Net Cash Growth	-80.19%	-45.29%	-36.73%	23.84%	-
Net Cash Per Share	0.23	1.16	2.12	3.35	-
Filing Date Shares Outstanding	52.72	52.72	52.72	52.72	-
Total Common Shares Outstanding	52.72	52.72	52.72	52.72	-
Working Capital	9.86	62.95	124.52	175.22	139.82
Book Value Per Share	0.97	3.16	3.95	5.16	-
Tangible Book Value	3.14	106.92	144.77	201.02	153.02
Tangible Book Value Per Share	0.06	2.03	2.75	3.81	-
Machinery	37.75	86.09	74.32	33.47	14.51
Construction In Progress	10.52	13.93	9.63	21.29	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.