Salmon Evolution 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	137.29	163.44	429.46	386.4	278.76	505.55
Trading Asset Securities	-	10.64	13.64	12.67	11.72	1.26
Cash & Short-Term Investments	137.29	174.08	443.11	399.06	290.48	506.81
Cash Growth	-67.14%	-60.71%	11.04%	37.38%	-42.69%	-21.77%
Accounts Receivable	84.32	10.31	90.52	40.5	23.08	0.38
Other Receivables	50.18	30.57	28.4	6.44	57.93	104.72
Receivables	134.5	40.88	118.92	46.93	81.01	105.11
Inventory	184.24	243.69	183.87	162.16	60.87	15.05
Prepaid Expenses	-	21.02	22.75	24.68	9.02	-
Other Current Assets	18.74	-0.39	-	0.23	13.9	0.27
Total Current Assets	474.78	479.28	768.64	633.07	455.28	627.24
Property, Plant & Equipment	3,948	3,633	2,324	1,985	1,757	988.84
Long-Term Investments	4.7	6.07	10.69	18.68	26.64	26.22
Other Intangible Assets	84.4	84.51	81.1	72.35	65.15	62.59
Long-Term Deferred Tax Assets	-	-	-	0.42	2.08	1.03
Other Long-Term Assets	13.17	13.17	-	0	-	-0
Total Assets	4,525	4,216	3,184	2,710	2,306	1,706
Accounts Payable	212.92	192.05	193.38	71.5	135.1	162.07
Accrued Expenses	39.64	32.32	17.85	18.93	11.98	7.95
Short-Term Debt	-	-	-	-	12.84	13.09
Current Portion of Long-Term Debt	2,188	334.57	158.49	103.28	42.51	-
Current Portion of Leases	10.93	10.99	5.32	4.35	3.55	1.24
Current Income Taxes Payable	-	-	-	0.42	2.08	1.03
Other Current Liabilities	0	4.05	3.64	3.56	2.81	1.79
Total Current Liabilities	2,451	573.98	378.68	202.03	210.87	187.15
Long-Term Debt	17.3	1,545	569.1	569.97	513.17	212.35
Long-Term Leases	29.11	30.09	9.67	8.19	9.68	0.89
Other Long-Term Liabilities	3.64	3.64	3.64	8.7	8.55	7.98
Total Liabilities	2,501	2,153	961.09	788.89	742.27	408.37
Common Stock	23.13	23.13	23.13	20.7	17.29	15.54
Additional Paid-In Capital	2,415	2,415	2,415	2,125	1,627	1,334
Retained Earnings	-427.67	-388.77	-226.4	-235.41	-88.77	-57.41
Comprehensive Income & Other	13.8	13.31	11.48	10.76	8.32	5.12
Shareholders' Equity	2,024	2,063	2,223	1,921	1,564	1,298
Total Liabilities & Equity	4,525	4,216	3,184	2,710	2,306	1,706
Total Debt	2,245	1,921	742.57	685.78	581.75	227.57
Net Cash (Debt)	-2,108	-1,747	-299.47	-286.72	-291.27	279.24
Net Cash Growth	-	-	-	-	-	-53.93%
Net Cash Per Share	-4.56	-3.78	-0.68	-0.73	-0.86	0.96
Filing Date Shares Outstanding	462.6	462.6	462.6	413.94	345.75	310.8
Total Common Shares Outstanding	462.6	462.6	462.6	413.94	345.75	310.8
Working Capital	-1,976	-94.7	389.96	431.04	244.41	440.09
Book Value Per Share	4.38	4.46	4.81	4.64	4.52	4.17
Tangible Book Value	1,940	1,978	2,142	1,848	1,499	1,235
Tangible Book Value Per Share	4.19	4.28	4.63	4.47	4.33	3.97
Buildings	1,624	1,626	1,599	1,583	7.61	7.61
Machinery	364.58	361.49	342.1	310.89	26.42	8.97
Construction In Progress	2,114	1,781	481.78	70.78	1,713	971.12