Solstad Offshore ASA Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	74.17	33.63	49.41	220.27	279.12
Short-Term Investments	-	-	-	2.13	1.73
Cash & Short-Term Investments	74.17	33.63	49.41	222.4	280.84
Cash Growth	120.53%	-31.93%	-77.78%	-20.81%	-0.65%
Accounts Receivable	63.12	66.12	62.33	147.29	102.65
Other Receivables	31.74	21.71	20.36	26.94	32.48
Receivables	94.86	87.83	82.69	174.23	135.13
Inventory	2.44	2.39	2.28	23.16	19.64
Prepaid Expenses	0.37	0.06	2.31	14.58	5.37
Other Current Assets	2.7	5.17	1,367	48.98	21.25
Total Current Assets	174.54	129.08	1,503	483.35	462.24
Property, Plant & Equipment	409.28	427.73	404.78	2,129	2,344
Long-Term Investments	269.7	224.88	18.66	16.4	10.83
Long-Term Deferred Tax Assets	14.58	-	0.21	0.44	1.65
Other Long-Term Assets	4.14	3.32	3.17	5.79	6.33
Total Assets	878.48	790.97	1,936	2,641	2,831
Accounts Payable	39.75	26.39	13.68	70.5	62.66
Accrued Expenses	19.57	18.88	15.33	29.81	28.29
Current Portion of Long-Term Debt	24.44	24.38	1,122	249.76	50.69
Current Portion of Leases	56.23	61.42	193.83	14.93	279.95
Current Income Taxes Payable	3.45	2.6	2.44	23.18	20.06
Current Unearned Revenue	0.88	-	-	0.37	-
Other Current Liabilities	13.46	13.01	168.86	20.48	12.87
Total Current Liabilities	157.78	146.68	1,516	409.04	454.53
Long-Term Debt	99.6	132.31	62.19	1,689	1,989
Long-Term Leases	195.85	223.23	177.08	361.85	31.87
Pension & Post-Retirement Benefits	-	-	0.51	2.07	2.94
Long-Term Deferred Tax Liabilities	-	0.91	-	-	-
Other Long-Term Liabilities	0.17	0.1	0.21	1.26	1.97
Total Liabilities	453.4	503.22	1,756	2,463	2,481
Common Stock	14.34	14.34	8.12	7.85	8.58
Additional Paid-In Capital	46.37	50.51	18.68	18.31	20.08
Retained Earnings	341.99	202.59	115.96	78.83	214.39
Comprehensive Income & Other	15.04	14.81	37.43	73.91	107.47
Total Common Equity	417.74	282.25	180.19	178.9	350.52
Minority Interest	7.35	5.5	-0.26	-0.95	-0.52
Shareholders' Equity	425.08	287.74	179.93	177.95	350
Total Liabilities & Equity	878.48	790.97	1,936	2,641	2,831
Total Debt	376.12	441.34	1,555	2,315	2,352
Net Cash (Debt)	-301.95	-407.71	-1,506	-2,093	-2,071
Net Cash Per Share	-3.67	-4.95	-19.23	-27.20	-27.57
Filing Date Shares Outstanding	82.35	82.35	82.35	77.31	75.61
Total Common Shares Outstanding	82.35	82.35	82.35	77.31	75.61
Working Capital	16.76	-17.6	-13.13	74.31	7.71
Book Value Per Share	5.07	3.43	2.19	2.31	4.64
Tangible Book Value	417.74	282.25	180.19	178.9	350.52
Tangible Book Value Per Share	5.07	3.43	2.19	2.31	4.64
Machinery	1,438	1,435	1,439	3,055	3,477
Order Backlog	-	-	739.62	649.61	635.64

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.