Reach Subsea ASA (OSL:REACH)

Reach Subsea ASA Balance Sheet

Financials in millions NOK. 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	410.38	514.17	278.02	436.42	191.59	149.04
Cash & Short-Term Investments	410.38	514.17	278.02	436.42	191.59	149.04
Cash Growth	141.84%	84.94%	-36.30%	127.79%	28.55%	41.40%
Accounts Receivable	1,024	488.06	651.08	314.17	283.78	181.38
Other Receivables	111.76	67.89	41.62	26.53	13.02	7.78
Receivables	1,136	555.95	692.7	340.7	296.8	189.16
Inventory	27.96	11.27	18.77	28.42	9.88	8.13
Prepaid Expenses	-	116.02	23.56	15.37	5.78	7.62
Other Current Assets	-	50.42	-	0	0	-
Total Current Assets	1,574	1,248	1,013	820.91	504.06	353.95
Property, Plant & Equipment	1,655	1,905	1,938	1,613	325.77	350.97
Long-Term Investments	257.74	260.31	127.22	113.45	-	-
Goodwill	117.94	117.94	109.59	109.59	86.72	-
Other Intangible Assets	8.6	10.25	23.29	28.63	8.75	-
Long-Term Deferred Tax Assets	64.45	62.77	34.92	-	24.92	40.15
Long-Term Deferred Charges	1.58	1.69	1.92	2.14	1.87	1.46
Other Long-Term Assets	182.64	-	-0	-	0	-
Total Assets	3,862	3,606	3,248	2,688	952.09	746.53

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	271.4	264.72	243.02	205.77	102.43	63.47
Accrued Expenses	14.71	344.37	288.82	233.72	129.38	75.95
Current Portion of Long-Term Debt	17.39	29.04	14.16	5.82	20.75	11.58
Current Portion of Leases	862.2	742.31	799.93	390.39	101	181.3
Current Income Taxes Payable	16.2	5.28	52.96	41.03	7.85	-
Other Current Liabilities	377.84	21.15	14.13	9.23	2	7.75
Total Current Liabilities	1,560	1,407	1,413	885.96	363.4	340.06
Long-Term Debt	689.58	605.88	67.54	24.62	4.85	13.94
Long-Term Leases	439.92	374.8	675.24	838.73	4.39	105.73
Long-Term Deferred Tax Liabilities	-	-	-	10.57	-	-
Other Long-Term Liabilities	-	-	-	0	-	-
Total Liabilities	2,689	2,388	2,156	1,760	372.64	459.72

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	327.38	327.38	282.67	271.77	225.73	144.94
Additional Paid-In Capital	514.05	514.05	412.11	388.27	267.35	85.93
Retained Earnings	273.39	327.76	365.22	257.17	78.48	49.28
Treasury Stock	-	-0.42	-	-	-	-
Comprehensive Income & Other	57.67	49.51	31.91	10.79	7.89	6.66
Shareholders' Equity	1,172	1,218	1,092	928.01	579.44	286.81
Total Liabilities & Equity	3,862	3,606	3,248	2,688	952.09	746.53

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	2,009	1,752	1,557	1,260	130.99	312.56
Net Cash (Debt)	-1,599	-1,238	-1,279	-823.14	60.6	-163.52
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-4.92	-3.83	-4.24	-3.21	0.29	-1.14
Filing Date Shares Outstanding	325.83	326.96	327.38	271.77	255.45	224.91
Total Common Shares Outstanding	325.83	326.96	282.67	271.77	225.73	144.94
Working Capital	14.3	-159.01	-399.96	-65.05	140.65	13.89
Book Value Per Share	3.60	3.73	3.86	3.41	2.57	1.98
Tangible Book Value	1,046	1,090	959.03	789.79	483.97	286.81
Tangible Book Value Per Share	3.21	3.33	3.39	2.91	2.14	1.98
Machinery	340	340	-	-	-	-
Construction In Progress	258.06	163.31	-	-	-	-
Order Backlog	-	1,540	-	1,600	740	-

Data Source: S&P Global Market Intelligence Last updated: Aug 18, 2026

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

Update frequency:

Quarterly

Last checked:

Sep 14, 2026

Data Sources Report a data error