Reach Subsea ASA (OSL:REACH)

Reach Subsea ASA Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	169.69	278.02	436.42	191.59	149.04	105.4
Cash & Short-Term Investments	169.69	278.02	436.42	191.59	149.04	105.4
Cash Growth	-23.39%	-36.30%	127.79%	28.55%	41.40%	172.64%
Accounts Receivable	793.37	651.08	314.17	283.78	181.38	131.31
Other Receivables	58.07	41.62	26.53	13.02	7.78	0.11
Receivables	851.44	692.7	340.7	296.8	189.16	131.43
Inventory	29.93	18.77	28.42	9.88	8.13	1.38
Prepaid Expenses	-	23.56	15.37	5.78	7.62	3.78
Other Current Assets	-0	-	0	0	-	0
Total Current Assets	1,051	1,013	820.91	504.06	353.95	241.98
Property, Plant & Equipment	1,771	1,938	1,613	325.77	350.97	90.1
Long-Term Investments	143.88	127.22	113.45	-	-	22.77
Goodwill	109.59	109.59	109.59	86.72	-	-
Other Intangible Assets	20.63	23.29	28.63	8.75	-	-
Long-Term Deferred Tax Assets	24.89	34.92	-	24.92	40.15	8.16
Long-Term Deferred Charges	1.8	1.92	2.14	1.87	1.46	-
Other Long-Term Assets	0	-0	-	0	-	-
Total Assets	3,123	3,248	2,688	952.09	746.53	363.01
Accounts Payable	266.17	243.02	205.77	102.43	63.47	65.06
Accrued Expenses	-	288.82	233.72	129.38	75.95	41.93
Current Portion of Long-Term Debt	15.9	14.16	5.82	20.75	11.58	5
Current Portion of Leases	623.65	799.93	390.39	101	181.3	23.63
Current Income Taxes Payable	29.66	52.96	41.03	7.85	-	-1.91
Other Current Liabilities	308.02	14.13	9.23	2	7.75	6.43
Total Current Liabilities	1,243	1,413	885.96	363.4	340.06	140.13
Long-Term Debt	129.71	67.54	24.62	4.85	13.94	7.5
Long-Term Leases	520.63	675.24	838.73	4.39	105.73	5.23
Long-Term Deferred Tax Liabilities	-	-	10.57	-	-	-
Other Long-Term Liabilities	0	-	0	-	-	0
Total Liabilities	1,894	2,156	1,760	372.64	459.72	152.86
Common Stock	327.38	282.67	271.77	225.73	144.94	143.61
Additional Paid-In Capital	514.05	412.11	388.27	267.35	85.93	83.53
Retained Earnings	346.21	365.22	257.17	78.48	49.28	-23.64
Comprehensive Income & Other	41.77	31.91	10.79	7.89	6.66	6.66
Shareholders' Equity	1,229	1,092	928.01	579.44	286.81	210.15
Total Liabilities & Equity	3,123	3,248	2,688	952.09	746.53	363.01
Total Debt	1,290	1,557	1,260	130.99	312.56	41.36
Net Cash (Debt)	-1,120	-1,279	-823.14	60.6	-163.52	64.04
Net Cash Per Share	-3.54	-4.24	-3.21	0.29	-1.14	0.45
Filing Date Shares Outstanding	327.38	327.38	271.77	255.45	224.91	143.61
Total Common Shares Outstanding	327.38	282.67	271.77	225.73	144.94	143.61
Working Capital	-192.33	-399.96	-65.05	140.65	13.89	101.85
Book Value Per Share	3.76	3.86	3.41	2.57	1.98	1.46
Tangible Book Value	1,099	959.03	789.79	483.97	286.81	210.15
Tangible Book Value Per Share	3.36	3.39	2.91	2.14	1.98	1.46
Machinery	986.04	-	-	-	-	145.34
Order Backlog	-	1,850	1,600	740	-	-

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