Norse Atlantic ASA Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
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
Cash & Equivalents	25.51	22.86	54.83	69.71	134.25
Short-Term Investments	-	3.61	20.97	6.62	-
Cash & Short-Term Investments	25.51	26.46	75.8	76.33	134.25
Cash Growth	0.66%	-65.09%	-0.69%	-43.15%	-
Accounts Receivable	100.93	109.94	64.31	34.75	-
Other Receivables	8.3	1.97	2.26	1.11	0.71
Receivables	109.23	111.91	66.57	35.86	0.71
Inventory	5.64	4.6	3.47	2.6	-
Prepaid Expenses	-	11.86	1.8	2.42	-
Other Current Assets	11.41	-	-	-	0
Total Current Assets	151.79	154.84	147.63	117.2	134.96
Property, Plant & Equipment	719.89	824.69	898.86	940	96.12
Long-Term Investments	-	-	-	-	2.37
Other Intangible Assets	2.24	2.82	3.32	2.8	0.8
Other Long-Term Assets	61.11	48.84	33.33	30.24	20.27
Total Assets	935.04	1,031	1,083	1,090	254.51
Accounts Payable	172.45	138.86	88.7	55.21	2.05
Current Portion of Leases	67.47	79.71	71.68	36.21	0.31
Current Unearned Revenue	84.19	101.29	52.39	17	-
Other Current Liabilities	-	0	-	-	-
Total Current Liabilities	337.97	319.87	212.77	108.42	2.37
Long-Term Debt	34.9	22.06	-	-	-
Long-Term Leases	727.48	826.01	902.15	925.52	93.36
Other Long-Term Liabilities	72.56	73.83	57.91	45.76	2.2
Total Liabilities	1,173	1,242	1,173	1,080	97.93
Common Stock	7.46	74.6	62.95	29.95	27.49
Additional Paid-In Capital	1.14	201.01	198.07	162.56	136.09
Retained Earnings	-246.47	-486.17	-350.72	-181.97	-7
Shareholders' Equity	-237.87	-210.57	-89.7	10.54	156.59
Total Liabilities & Equity	935.04	1,031	1,083	1,090	254.51
Total Debt	843.71	927.78	973.83	961.73	93.67
Net Cash (Debt)	-818.19	-901.31	-898.03	-885.4	40.58
Net Cash Per Share	-5.54	-6.97	-13.31	-41.98	2.09
Filing Date Shares Outstanding	147.8	147.8	128.52	51.52	19.42
Total Common Shares Outstanding	147.8	147.8	122.21	51.52	19.42
Working Capital	-186.18	-165.03	-65.14	8.78	132.6
Book Value Per Share	-1.61	-1.42	-0.73	0.20	8.06
Tangible Book Value	-240.11	-213.39	-93.02	7.73	155.79
Tangible Book Value Per Share	-1.62	-1.44	-0.76	0.15	8.02
Machinery	-	7.89	7.26	6.48	0.16

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