Techstep ASA Balance Sheet

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

Millions NOK. 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	9.31	30.78	77.46	61.12	50.35
Cash & Short-Term Investments	9.31	30.78	77.46	61.12	50.35
Cash Growth	-69.75%	-60.27%	26.73%	21.39%	85.09%
Accounts Receivable	128.86	143.59	161.14	230.39	239.46
Other Receivables	41.69	-	-	-	12.1
Receivables	170.54	143.59	161.14	230.39	251.56
Inventory	1.34	4.66	10.5	23.43	19.39
Prepaid Expenses	-	27.86	28.51	17.18	10.1
Other Current Assets	158.75	-	-	-	24.48
Total Current Assets	339.94	206.9	277.61	332.12	355.89
Property, Plant & Equipment	170.7	199.41	191.01	198.06	179.04
Long-Term Investments	-	0.05	0.7	0.61	0.59
Goodwill	494.98	632.11	624.17	601.08	592.55
Other Intangible Assets	90.99	124.66	160.99	182.3	183.21
Long-Term Deferred Tax Assets	16.7	14.12	13.09	6.47	2.15
Other Long-Term Assets	5.38	0.12	3.22	2.66	1.22
Total Assets	1,119	1,177	1,271	1,323	1,315
Accounts Payable	162.99	175.79	198.35	205.8	193.83
Accrued Expenses	-	47.11	66.86	101.12	93.99
Short-Term Debt	20	10	30	27.76	21.92
Current Portion of Long-Term Debt	143.73	15	18.75	55.56	52.63
Current Portion of Leases	-	10.9	10.81	15.14	10.63
Current Income Taxes Payable	-	1.84	0.6	3.32	0.65
Current Unearned Revenue	-	18.05	17.14	19.13	150.66
Other Current Liabilities	231.64	149.94	170.66	175.19	79.4
Total Current Liabilities	558.36	428.63	513.18	603.02	603.72
Long-Term Debt	1.11	115.62	134.02	90.67	97.4
Long-Term Leases	21.16	15.79	15.92	16.74	-
Long-Term Deferred Tax Liabilities	2.49	7.23	14.67	20.54	14.65
Other Long-Term Liabilities	40.99	39.48	19.31	20.82	43.31
Total Liabilities	624.11	606.75	697.1	751.78	759.07
Common Stock	34.41	34.41	31.63	305.13	209.63
Additional Paid-In Capital	1,005	1,005	979.25	690.91	705.66
Treasury Stock	-	-	-	-	-1.91
Comprehensive Income & Other	-544.69	-468.66	-437.18	-424.52	-359.06
Total Common Equity	494.58	570.61	573.7	571.52	554.31
Minority Interest	-	-	-	-	1.27
Shareholders' Equity	494.58	570.61	573.7	571.52	555.59
Total Liabilities & Equity	1,119	1,177	1,271	1,323	1,315
Total Debt	186	167.31	209.49	205.87	182.58
Net Cash (Debt)	-176.69	-136.54	-132.04	-144.75	-132.23
Net Cash Per Share	-5.13	-4.24	-4.25	-6.38	-7.01
Filing Date Shares Outstanding	34.41	34.41	31.63	30.51	20.96
Total Common Shares Outstanding	34.41	34.41	31.63	30.51	20.96
Working Capital	-218.42	-221.74	-235.57	-270.9	-247.83
Book Value Per Share	14.37	16.58	18.14	18.73	26.44
Tangible Book Value	-91.39	-186.16	-211.47	-211.86	-221.45
Tangible Book Value Per Share	-2.66	-5.41	-6.69	-6.94	-10.56
Machinery	-	306.84	323.4	337.58	292.23

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