P/F Bakkafrost Balance Sheet

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

Millions DKK. 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	299.75	480.51	411.67	719.6	509.16
Cash & Short-Term Investments	299.75	480.51	411.67	719.6	509.16
Cash Growth	-37.62%	16.72%	-42.79%	41.33%	9.04%
Accounts Receivable	824.03	674.82	850.34	808.76	620.32
Other Receivables	189.79	212.5	150.14	168.27	281.91
Receivables	1,014	887.32	1,000	977.03	902.23
Inventory	4,212	3,810	4,484	4,013	3,158
Other Current Assets	-	-	0.37	7.47	-
Total Current Assets	5,525	5,177	5,897	5,717	4,569
Property, Plant & Equipment	7,965	7,054	6,634	6,086	5,191
Long-Term Investments	346.08	334.47	288.7	234.21	149.23
Goodwill	-	589.48	581.05	580.42	667.17
Other Intangible Assets	4,509	3,928	3,928	3,928	3,829
Long-Term Deferred Tax Assets	602.95	590.33	512.49	336.02	215.25
Total Assets	18,949	17,674	17,841	16,882	14,628
Accounts Payable	793.04	433.09	387.62	478.75	510.36
Current Portion of Leases	48.55	64.86	65.85	106.22	87.67
Current Income Taxes Payable	-	186.36	210.37	237.78	171
Other Current Liabilities	1.84	82.18	83.2	100.5	37.64
Total Current Liabilities	843.43	766.49	747.03	923.24	806.66
Long-Term Debt	4,197	3,481	3,944	3,383	2,635
Long-Term Leases	798.4	233.9	331.12	353.36	245.75
Long-Term Deferred Tax Liabilities	2,066	2,037	1,953	1,826	1,590
Other Long-Term Liabilities	-	-	-	-	3.21
Total Liabilities	7,905	6,517	6,975	6,486	5,281
Common Stock	59.39	59.31	59.23	59.14	59.14
Additional Paid-In Capital	4,086	4,059	4,027	4,027	4,027
Retained Earnings	6,335	6,453	5,945	5,397	4,633
Treasury Stock	-30.87	-14.5	-8.48	-18.51	-26.77
Comprehensive Income & Other	593.04	609.29	840.16	927.53	654.87
Total Common Equity	11,042	11,165	10,863	10,392	9,347
Minority Interest	1.87	-8.75	3.06	3.41	0.13
Shareholders' Equity	11,044	11,157	10,866	10,396	9,348
Total Liabilities & Equity	18,949	17,674	17,841	16,882	14,628
Total Debt	5,044	3,779	4,341	3,843	2,968
Net Cash (Debt)	-4,744	-3,299	-3,930	-3,123	-2,459
Net Cash Per Share	-80.01	-55.66	-66.41	-52.86	-41.64
Filing Date Shares Outstanding	59.29	59.27	59.21	59.1	59.08
Total Common Shares Outstanding	59.29	59.27	59.21	59.1	59.08
Working Capital	4,682	4,411	5,150	4,794	3,762
Book Value Per Share	186.24	188.38	183.46	175.85	158.23
Tangible Book Value	6,533	6,648	6,353	5,884	4,852
Tangible Book Value Per Share	110.18	112.16	107.30	99.56	82.13
Land	-	2,686	2,484	2,112	2,119
Machinery	-	6,167	5,622	5,096	4,321
Construction In Progress	-	1,492	1,201	1,115	782.55

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.