Sats 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	400	512	371	282	345	281
Trading Asset Securities	13	16	-	6	-	-
Cash & Short-Term Investments	413	528	371	288	345	281
Cash Growth	7.83%	42.32%	28.82%	-16.52%	22.78%	-38.38%
Accounts Receivable	208	280	269	214	241	196
Other Receivables	208	66	95	57	27	36
Receivables	416	346	364	271	268	232
Inventory	66	61	54	55	57	57
Prepaid Expenses	-	137	163	188	199	181
Other Current Assets	10	-	-	-	-1	-
Total Current Assets	905	1,072	952	802	868	751
Property, Plant & Equipment	5,378	5,686	5,449	5,275	4,884	4,769
Long-Term Investments	-	-	33	36	47	-
Goodwill	2,536	2,587	2,570	2,535	2,478	2,425
Other Intangible Assets	71	80	91	93	110	144
Long-Term Deferred Tax Assets	134	141	134	178	239	213
Other Long-Term Assets	70	45	40	47	39	34
Total Assets	9,094	9,639	9,284	8,983	8,675	8,336
Accounts Payable	82	100	178	130	116	138
Accrued Expenses	97	406	344	349	312	439
Current Portion of Long-Term Debt	9	9	12	17	19	12
Current Portion of Leases	967	987	959	929	869	820
Current Income Taxes Payable	87	125	74	2	6	4
Current Unearned Revenue	698	724	653	548	584	490
Other Current Liabilities	375	107	133	180	202	152
Total Current Liabilities	2,315	2,458	2,353	2,155	2,108	2,055
Long-Term Debt	1,394	1,480	1,440	1,721	1,970	2,091
Long-Term Leases	3,944	4,189	4,090	4,009	3,666	3,632
Long-Term Deferred Tax Liabilities	93	55	52	78	71	72
Other Long-Term Liabilities	3	3	4	-	-	3
Total Liabilities	7,749	8,185	7,939	7,963	7,815	7,853
Common Stock	433	433	435	435	431	366
Additional Paid-In Capital	2,791	2,923	3,050	3,050	3,045	2,521
Retained Earnings	-1,876	-1,863	-2,115	-2,441	-2,668	-2,421
Treasury Stock	-16	-10	-19	-24	-14	-17
Comprehensive Income & Other	13	-29	-6	-	66	34
Total Common Equity	1,345	1,454	1,345	1,020	860	483
Shareholders' Equity	1,345	1,454	1,345	1,020	860	483
Total Liabilities & Equity	9,094	9,639	9,284	8,983	8,675	8,336
Total Debt	6,314	6,665	6,501	6,676	6,524	6,555
Net Cash (Debt)	-5,901	-6,137	-6,130	-6,388	-6,179	-6,274
Net Cash Per Share	-29.25	-30.22	-29.84	-31.30	-31.38	-36.72
Filing Date Shares Outstanding	196.06	198.97	204.46	204.08	202.69	171.34
Total Common Shares Outstanding	196.06	198.97	204.46	204.08	202.69	171.34
Working Capital	-1,410	-1,386	-1,401	-1,353	-1,240	-1,304
Book Value Per Share	6.86	7.31	6.58	5.00	4.24	2.82
Tangible Book Value	-1,262	-1,213	-1,316	-1,608	-1,728	-2,086
Tangible Book Value Per Share	-6.44	-6.10	-6.44	-7.88	-8.53	-12.17
Machinery	1,408	1,459	1,555	1,522	1,438	1,328
Leasehold Improvements	1,374	1,429	1,331	1,502	1,431	1,422

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