Solstad Offshore ASA Balance Sheet

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

Millions USD. 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	77	74.17	33.63	49.41	220.27	279.12
Short-Term Investments	-	-	-	-	2.13	1.73
Cash & Short-Term Investments	77	74.17	33.63	49.41	222.4	280.84
Cash Growth	48.08%	120.53%	-31.93%	-77.78%	-20.81%	-0.65%
Accounts Receivable	38	63.12	66.12	62.33	147.29	102.65
Other Receivables	90	31.74	21.71	20.36	26.94	32.48
Receivables	128	94.86	87.83	82.69	174.23	135.13
Inventory	3	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	208	174.54	129.08	1,503	483.35	462.24
Property, Plant & Equipment	575	409.28	427.73	404.78	2,129	2,344
Long-Term Investments	287	269.7	224.88	18.66	16.4	10.83
Long-Term Deferred Tax Assets	15	14.58	-	0.21	0.44	1.65
Other Long-Term Assets	4	4.14	3.32	3.17	5.79	6.33
Total Assets	1,096	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	26	24.44	24.38	1,122	249.76	50.69
Current Portion of Leases	97	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	104	13.46	13.01	168.86	20.48	12.87
Total Current Liabilities	227	157.78	146.68	1,516	409.04	454.53
Long-Term Debt	99	99.6	132.31	62.19	1,689	1,989
Long-Term Leases	322	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	-1	0.17	0.1	0.21	1.26	1.97
Total Liabilities	647	453.4	503.22	1,756	2,463	2,481
Common Stock	57	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	387	15.04	14.81	37.43	73.91	107.47
Total Common Equity	444	417.74	282.25	180.19	178.9	350.52
Minority Interest	5	7.35	5.5	-0.26	-0.95	-0.52
Shareholders' Equity	449	425.08	287.74	179.93	177.95	350
Total Liabilities & Equity	1,096	878.48	790.97	1,936	2,641	2,831
Total Debt	544	376.12	441.34	1,555	2,315	2,352
Net Cash (Debt)	-467	-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	-19	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	444	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	-	933.98	502.51	739.62	649.61	635.64