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	49.25	222.08	278.87
Short-Term Investments	-	-	-	2.15	1.72
Cash & Short-Term Investments	74.17	33.63	49.25	224.23	280.59
Cash Growth	120.53%	-31.71%	-78.03%	-20.09%	0.02%
Accounts Receivable	63.12	66.12	62.13	148.87	92.62
Other Receivables	34.81	21.77	22.6	48.71	47.75
Total Trade Receivables	97.93	87.88	84.73	197.57	140.38
Inventory	2.44	2.39	2.27	23.35	19.62
Other Current Assets	-	5.17	1,362	42.17	21.23
Total Current Assets	174.54	123.9	136.26	445.15	440.59
Net Property, Plant & Equipment	409.28	427.73	403.5	2,147	2,342
Other Intangible Assets	-	-	-	0.45	1.65
Long-Term Investments	275.94	230.84	24.81	16.53	10.82
Other Long-Term Assets	18.72	3.32	3.37	11.6	11.79
Total Assets	878.48	790.97	1,930	2,663	2,828
Accounts Payable	39.75	26.39	13.64	71.08	62.61
Accrued Expenses	23.02	21.47	17.72	23.37	20.05
Current Portion of Long-Term Debt	24.44	24.38	1,119	251.82	50.65
Current Portion of Leases	56.23	61.42	193.22	15.06	279.69
Unearned Revenue	0.88	-	-	0.37	-
Other Current Liabilities	13.46	13.01	168.33	50.7	41.13
Total Current Liabilities	157.78	146.68	1,366	412.4	454.12
Long-Term Debt	99.6	132.31	61.99	1,703	1,987
Long-Term Leases	195.85	223.23	176.52	364.83	31.84
Other Long-Term Liabilities	0.17	1.01	0.72	3.46	2.18
Total Long-Term Liabilities	295.62	356.55	239.23	2,071	2,024
Total Liabilities	453.39	503.22	1,751	2,483	2,478
Common Stock	14.34	14.34	14.34	7.91	8.57
Additional Paid-in Capital	46.37	50.51	50.51	18.46	20.06
Retained Earnings	357.02	217.4	114.58	307.04	643.13
Total Common Shareholders' Equity	417.74	282.25	179.42	333.41	671.77
Minority Interest	7.35	5.5	-0.06	-0.96	-0.52
Shareholders' Equity	425.08	287.74	179.36	179.41	349.68
Total Liabilities & Equity	878.48	790.97	1,930	2,663	2,828
Total Debt	376.12	441.34	1,550	2,334	2,349
Net Cash (Debt)	-301.95	-407.71	-1,501	-2,110	-2,069
Net Cash Per Share	-3.67	-4.95	-19.17	-27.43	-27.55
Book Value	417.74	282.25	179.42	333.41	671.77
Book Value Per Share	5.07	3.43	2.29	4.33	8.94
Tangible Book Value	417.74	282.25	179.42	332.96	670.12
Tangible Book Value Per Share	5.07	3.43	2.29	4.33	8.92