Telenor ASA Balance Sheet

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

Millions NOK. 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	47,617	16,335	10,380	19,556	9,929	15,223
Short-Term Investments	9,442	825	1,614	1,651	361	839
Cash & Short-Term Investments	57,059	17,160	11,994	21,207	10,290	16,062
Cash Growth	411.33%	43.07%	-43.44%	106.09%	-35.94%	-24.07%
Accounts Receivable	12,578	13,701	13,812	15,524	18,842	21,739
Inventory	846	862	877	955	1,559	1,563
Other Current Assets	178	211	770	2,069	1,491	4,478
Total Current Assets	70,662	31,934	27,453	39,756	32,182	43,843
Net Property, Plant & Equipment	70,660	71,878	80,798	77,462	111,345	124,332
Other Intangible Assets	8,957	9,379	9,542	9,279	9,689	10,195
Goodwill	25,413	26,822	26,319	25,232	27,334	27,448
Long-Term Investments	31,172	72,712	74,662	50,942	39,686	13,315
Other Long-Term Assets	14,718	8,925	10,034	15,707	19,012	6,609
Total Assets	221,582	221,651	228,808	218,376	239,249	225,740
Accounts Payable	20,151	21,243	22,774	21,108	28,227	32,320
Current Portion of Long-Term Debt	11,690	12,607	11,350	11,789	9,169	9,276
Current Portion of Leases	3,425	3,660	3,844	4,107	6,674	6,977
Other Current Liabilities	8,679	7,883	7,508	8,986	9,707	13,594
Total Current Liabilities	45,014	46,285	46,384	45,990	53,777	62,167
Long-Term Debt	70,786	74,187	72,730	75,686	82,724	87,811
Long-Term Leases	11,167	11,399	13,697	13,201	24,417	28,101
Other Long-Term Liabilities	14,707	15,043	15,135	13,066	13,957	16,162
Total Long-Term Liabilities	95,591	99,737	100,652	101,952	121,097	132,073
Total Liabilities	140,605	146,022	147,036	147,942	174,874	194,240
Total Common Shareholders' Equity	75,766	70,479	75,855	64,483	60,139	26,294
Minority Interest	5,210	5,150	5,917	5,951	4,237	5,206
Shareholders' Equity	80,977	75,629	81,772	70,434	64,375	31,500
Total Liabilities & Equity	221,582	221,651	228,808	218,376	239,249	225,740
Total Debt	97,068	101,853	101,621	104,783	122,984	132,165
Net Cash (Debt)	-40,009	-84,693	-89,627	-83,576	-112,694	-116,103
Net Cash Per Share	-29.24	-61.90	-65.11	-60.23	-80.53	-82.96
Book Value	75,766	70,479	75,855	64,483	60,139	26,294
Book Value Per Share	55.38	51.51	55.11	46.47	42.97	18.79
Tangible Book Value	41,396	34,278	39,994	29,972	23,116	-11,349
Tangible Book Value Per Share	30.26	25.05	29.06	21.60	16.52	-8.11

Updated Apr 27, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.