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	33.61	49.41	220.27	279.12
Short-Term Investments	-	-	-	2.13	1.73
Cash & Short-Term Investments	74	33.61	49.41	222.4	280.84
Cash Growth	120.18%	-31.97%	-77.78%	-20.81%	-0.65%
Accounts Receivable	46	63.07	62.33	147.29	102.65
Other Receivables	52	24.7	20.36	26.94	32.48
Receivables	98	87.77	82.69	174.23	135.13
Inventory	2	2.38	2.28	23.16	19.64
Prepaid Expenses	-	0.06	2.31	14.58	5.37
Other Current Assets	-	5.17	1,367	48.98	21.25
Total Current Assets	174	128.99	1,503	483.35	462.24
Property, Plant & Equipment	409	427.61	404.78	2,129	2,344
Long-Term Investments	270	224.73	18.66	16.4	10.83
Long-Term Deferred Tax Assets	15	-	0.21	0.44	1.65
Other Long-Term Assets	4	3.32	3.17	5.79	6.33
Total Assets	878	790.6	1,936	2,641	2,831
Accounts Payable	-	17.77	13.68	70.5	62.66
Accrued Expenses	-	18.87	15.33	29.81	28.29
Current Portion of Long-Term Debt	24	24.36	1,122	249.76	50.69
Current Portion of Leases	56	61.38	193.83	14.93	279.95
Current Income Taxes Payable	-	2.59	2.44	23.18	20.06
Current Unearned Revenue	-	-	-	0.37	-
Other Current Liabilities	78	21.6	168.86	20.48	12.87
Total Current Liabilities	158	146.58	1,516	409.04	454.53
Long-Term Debt	100	132.22	62.19	1,689	1,989
Long-Term Leases	196	223.09	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	-1	0.09	0.21	1.26	1.97
Total Liabilities	453	502.89	1,756	2,463	2,481
Common Stock	61	7.25	8.12	7.85	8.58
Additional Paid-In Capital	-	16.68	18.68	18.31	20.08
Retained Earnings	-	242.06	115.96	78.83	214.39
Comprehensive Income & Other	357	16.54	37.43	73.91	107.47
Total Common Equity	418	282.53	180.19	178.9	350.52
Minority Interest	7	5.18	-0.26	-0.95	-0.52
Shareholders' Equity	425	287.71	179.93	177.95	350
Total Liabilities & Equity	878	790.6	1,936	2,641	2,831
Total Debt	376	441.05	1,555	2,315	2,352
Net Cash (Debt)	-302	-407.44	-1,506	-2,093	-2,071
Net Cash Per Share	-	-4.95	-19.23	-27.20	-27.57
Filing Date Shares Outstanding	-	82.35	82.35	77.31	75.61
Total Common Shares Outstanding	-	82.35	82.35	77.31	75.61
Working Capital	16	-17.59	-13.13	74.31	7.71
Book Value Per Share	-	3.43	2.19	2.31	4.64
Tangible Book Value	418	282.53	180.19	178.9	350.52
Tangible Book Value Per Share	-	3.43	2.19	2.31	4.64
Machinery	-	1,297	1,439	3,055	3,477
Order Backlog	325	501.72	739.62	649.61	635.64

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