Techstep ASA Balance Sheet

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	13.14	30.78	77.46	61.12	50.35	27.2
Cash & Short-Term Investments	13.14	30.78	77.46	61.12	50.35	27.2
Cash Growth	-16.12%	-60.27%	26.73%	21.39%	85.09%	-38.99%
Accounts Receivable	124.56	143.59	161.14	230.39	239.46	219.15
Other Receivables	42.19	-	-	-	12.1	4.13
Receivables	166.75	143.59	161.14	230.39	251.56	223.28
Inventory	4.02	4.66	10.5	23.43	19.39	28.16
Prepaid Expenses	-	27.86	28.51	17.18	10.1	13.4
Other Current Assets	-0	-	-	-	24.48	0
Total Current Assets	183.91	206.9	277.61	332.12	355.89	292.04
Property, Plant & Equipment	190.71	199.41	191.01	198.06	179.04	173.62
Long-Term Investments	-	0.05	0.7	0.61	0.59	0.04
Goodwill	638.04	632.11	624.17	601.08	592.55	571.37
Other Intangible Assets	97.57	124.66	160.99	182.3	183.21	161.89
Long-Term Deferred Tax Assets	11.74	14.12	13.09	6.47	2.15	-
Other Long-Term Assets	6.31	0.12	3.22	2.66	1.22	0.17
Total Assets	1,128	1,177	1,271	1,323	1,315	1,199
Accounts Payable	135.77	175.79	198.35	205.8	193.83	154.44
Accrued Expenses	-	47.11	66.86	101.12	93.99	83.97
Short-Term Debt	168.14	10	30	27.76	21.92	43.1
Current Portion of Long-Term Debt	-	15	18.75	55.56	52.63	42.4
Current Portion of Leases	-	10.9	10.81	15.14	10.63	14.17
Current Income Taxes Payable	-	1.84	0.6	3.32	0.65	-0.75
Current Unearned Revenue	-	18.05	17.14	19.13	150.66	100.46
Other Current Liabilities	176.71	149.94	170.66	175.19	79.4	7.2
Total Current Liabilities	480.62	428.63	513.18	603.02	603.72	444.99
Long-Term Debt	1.18	115.62	134.02	90.67	97.4	108.54
Long-Term Leases	24.44	15.79	15.92	16.74	-	-
Long-Term Deferred Tax Liabilities	2.89	7.23	14.67	20.54	14.65	27.52
Other Long-Term Liabilities	79.97	39.48	19.31	20.82	43.31	54.63
Total Liabilities	589.1	606.75	697.1	751.78	759.07	635.68
Common Stock	34.41	34.41	31.63	305.13	209.63	183.3
Additional Paid-In Capital	1,005	1,005	979.25	690.91	705.66	591.36
Treasury Stock	-	-	-	-	-1.91	-1.91
Comprehensive Income & Other	-500.09	-468.66	-437.18	-424.52	-359.06	-210.17
Total Common Equity	539.17	570.61	573.7	571.52	554.31	562.57
Minority Interest	-	-	-	-	1.27	0.88
Shareholders' Equity	539.17	570.61	573.7	571.52	555.59	563.45
Total Liabilities & Equity	1,128	1,177	1,271	1,323	1,315	1,199
Total Debt	193.76	167.31	209.49	205.87	182.58	208.21
Net Cash (Debt)	-180.62	-136.54	-132.04	-144.75	-132.23	-181.01
Net Cash Per Share	-5.29	-4.24	-4.25	-6.38	-7.01	-9.91
Filing Date Shares Outstanding	34.41	34.41	31.63	30.51	20.96	18.33
Total Common Shares Outstanding	34.41	34.41	31.63	30.51	20.96	18.33
Working Capital	-296.72	-221.74	-235.57	-270.9	-247.83	-152.96
Book Value Per Share	15.67	16.58	18.14	18.73	26.44	30.69
Tangible Book Value	-196.43	-186.16	-211.47	-211.86	-221.45	-170.7
Tangible Book Value Per Share	-5.71	-5.41	-6.69	-6.94	-10.56	-9.31
Machinery	-	306.84	323.4	337.58	292.23	279.26

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