Reach Subsea ASA Balance Sheet

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	335.6	514.17	278.02	436.42	191.59	149.04
Cash & Short-Term Investments	335.6	514.17	278.02	436.42	191.59	149.04
Cash Growth	2.70%	84.94%	-36.30%	127.79%	28.55%	41.40%
Accounts Receivable	439.11	488.06	651.08	314.17	283.78	181.38
Other Receivables	145.67	67.89	41.62	26.53	13.02	7.78
Receivables	584.77	555.95	692.7	340.7	296.8	189.16
Inventory	23.62	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	0	50.42	-	0	0	-
Total Current Assets	943.99	1,248	1,013	820.91	504.06	353.95
Property, Plant & Equipment	1,827	1,905	1,938	1,613	325.77	350.97
Long-Term Investments	270.22	260.31	127.22	113.45	-	-
Goodwill	117.94	117.94	109.59	109.59	86.72	-
Other Intangible Assets	9.42	10.25	23.29	28.63	8.75	-
Long-Term Deferred Tax Assets	91.22	62.77	34.92	-	24.92	40.15
Long-Term Deferred Charges	1.63	1.69	1.92	2.14	1.87	1.46
Other Long-Term Assets	0	-	-0	-	0	-
Total Assets	3,262	3,606	3,248	2,688	952.09	746.53
Accounts Payable	183.9	264.72	243.02	205.77	102.43	63.47
Accrued Expenses	-	344.37	288.82	233.72	129.38	75.95
Current Portion of Long-Term Debt	28.4	29.04	14.16	5.82	20.75	11.58
Current Portion of Leases	831.67	742.31	799.93	390.39	101	181.3
Current Income Taxes Payable	6.15	5.28	52.96	41.03	7.85	-
Other Current Liabilities	297.22	21.15	14.13	9.23	2	7.75
Total Current Liabilities	1,347	1,407	1,413	885.96	363.4	340.06
Long-Term Debt	602.74	605.88	67.54	24.62	4.85	13.94
Long-Term Leases	279.66	374.8	675.24	838.73	4.39	105.73
Long-Term Deferred Tax Liabilities	-	-	-	10.57	-	-
Other Long-Term Liabilities	-	-	-	0	-	-
Total Liabilities	2,230	2,388	2,156	1,760	372.64	459.72
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	136.83	327.76	365.22	257.17	78.48	49.28
Treasury Stock	-	-0.42	-	-	-	-
Comprehensive Income & Other	53.52	49.51	31.91	10.79	7.89	6.66
Shareholders' Equity	1,032	1,218	1,092	928.01	579.44	286.81
Total Liabilities & Equity	3,262	3,606	3,248	2,688	952.09	746.53
Total Debt	1,742	1,752	1,557	1,260	130.99	312.56
Net Cash (Debt)	-1,407	-1,238	-1,279	-823.14	60.6	-163.52
Net Cash Per Share	-4.31	-3.83	-4.24	-3.21	0.29	-1.14
Filing Date Shares Outstanding	329.64	326.96	327.38	271.77	255.45	224.91
Total Common Shares Outstanding	329.64	326.96	282.67	271.77	225.73	144.94
Working Capital	-403.34	-159.01	-399.96	-65.05	140.65	13.89
Book Value Per Share	3.13	3.73	3.86	3.41	2.57	1.98
Tangible Book Value	904.41	1,090	959.03	789.79	483.97	286.81
Tangible Book Value Per Share	2.74	3.33	3.39	2.91	2.14	1.98
Machinery	1,396	340	-	-	-	-
Construction In Progress	210.04	163.31	-	-	-	-
Order Backlog	-	1,540	-	1,600	740	-