TGS ASA (OSL:TGS)

TGS ASA Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	125.2	212.3	122.8	196.74	188.45	215.33
Cash & Short-Term Investments	125.2	212.3	122.8	196.74	188.45	215.33
Cash Growth	-24.80%	72.88%	-37.58%	4.40%	-12.48%	10.02%
Accounts Receivable	304.2	384.2	513.4	156.93	240.32	146.06
Other Receivables	-	45.4	25.7	40.3	78.46	73.9
Receivables	304.2	429.6	539.1	197.23	318.78	219.97
Inventory	-	19.3	42.8	12.57	6.58	-
Prepaid Expenses	-	46.7	40.5	21.56	-	-
Restricted Cash	-	-	37.8	-	-	-
Other Current Assets	266	46.8	46	14.84	0	-
Total Current Assets	695.4	754.7	829	442.94	513.81	435.29
Property, Plant & Equipment	896.8	974.3	1,002	210.41	205.39	56.55
Long-Term Investments	-	3.5	6.3	5.49	5.29	2.91
Goodwill	533.1	555.9	560.1	384.65	384.65	303.96
Other Intangible Assets	1,415	1,311	1,358	826.1	641.14	730.35
Long-Term Deferred Tax Assets	239.1	237.1	249.7	67.9	82.2	95.89
Other Long-Term Assets	83.8	97.3	32.8	18.94	6.42	4.88
Total Assets	3,863	3,934	4,038	1,956	1,839	1,630

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	171.2	82.1	130.6	47.39	72.86	71.67
Accrued Expenses	-	131	190.5	48.12	145.34	48.15
Short-Term Debt	-	-	84.6	-	44.75	-
Current Portion of Long-Term Debt	44.1	44.3	3.7	-	-	-
Current Portion of Leases	78.5	89.8	109.5	43.88	38.35	10.78
Current Income Taxes Payable	169.2	88.8	62.2	5.46	14.04	77.94
Current Unearned Revenue	542.2	578.4	532.2	276.06	126.46	238.17
Other Current Liabilities	191.6	167.2	151.7	160.96	63.18	-
Total Current Liabilities	1,197	1,182	1,265	581.87	504.99	446.71
Long-Term Debt	596.1	605.9	561.2	-	-	-
Long-Term Leases	84.2	116.1	61.4	41.33	28.61	33.02
Long-Term Deferred Tax Liabilities	22.6	16.9	45.8	16.43	23.13	32.06
Other Long-Term Liabilities	12.6	32.3	28.7	41.21	42.41	2.71
Total Liabilities	1,912	1,953	1,962	680.84	599.13	514.5

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	5.9	5.9	5.9	4.41	4.26	4.09
Additional Paid-In Capital	1,462	1,462	1,462	669.21	582.83	462.13
Retained Earnings	504.8	534.2	630.3	624.59	671.37	671.39
Treasury Stock	-	-	-	-0.02	-0.02	-0.04
Comprehensive Income & Other	-22.8	-22.1	-23.3	-23.09	-22.54	-22.23
Total Common Equity	1,950	1,980	2,075	1,275	1,236	1,115
Minority Interest	0.5	0.5	0.5	0.47	3.86	-0.01
Shareholders' Equity	1,951	1,981	2,076	1,276	1,240	1,115
Total Liabilities & Equity	3,863	3,934	4,038	1,956	1,839	1,630

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	802.9	856.1	820.4	85.21	111.71	43.8
Net Cash (Debt)	-677.7	-643.8	-697.6	111.53	76.75	171.53
Net Cash Growth	-	-	-	45.33%	-55.26%	26.74%
Net Cash Per Share	-3.31	-3.24	-4.23	0.88	0.65	1.47
Filing Date Shares Outstanding	196.5	196.46	196.21	130.86	124.47	116.11
Total Common Shares Outstanding	196.5	196.46	196.21	130.86	124.47	116.11
Working Capital	-501.4	-426.9	-436	-138.94	8.82	-11.42
Book Value Per Share	9.92	10.08	10.58	9.74	9.93	9.61
Tangible Book Value	2.3	113.6	157.2	64.36	210.12	81.03
Tangible Book Value Per Share	0.01	0.58	0.80	0.49	1.69	0.70
Buildings	-	25.1	23.5	10.88	10.81	9.32
Machinery	-	1,138	1,063	289.99	281.59	144.88

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 19, 2026

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