SalMar 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	759	518	785	2,713	901.64
Trading Asset Securities	-	-	-	-	25.04
Cash & Short-Term Investments	759	518	785	2,713	926.68
Cash Growth	46.52%	-34.01%	-71.06%	192.73%	314.72%
Accounts Receivable	1,352	1,517	1,457	1,414	934.93
Other Receivables	785	415	479	474.22	381.57
Receivables	2,137	1,932	1,936	1,888	1,317
Inventory	15,853	15,246	14,495	12,685	7,928
Prepaid Expenses	-	227	113	89.68	35.63
Other Current Assets	-	-	469	11,571	37.39
Total Current Assets	18,749	17,923	17,798	28,946	10,244
Property, Plant & Equipment	14,658	14,081	14,169	12,518	8,010
Long-Term Investments	2,129	2,887	2,594	2,662	1,182
Goodwill	-	3,019	3,011	3,000	752.06
Other Intangible Assets	22,410	16,474	15,674	15,291	7,778
Other Long-Term Assets	-	49	85	49.78	118.55
Total Assets	57,946	54,433	53,331	62,501	28,085
Accounts Payable	3,868	4,078	3,966	3,338	2,317
Accrued Expenses	-	3,501	2,056	1,434	810.76
Short-Term Debt	2,457	1,752	1,223	494.81	409.26
Current Portion of Long-Term Debt	64	102	458	2,947	162.02
Current Portion of Leases	499	420	344	273.08	216.42
Current Income Taxes Payable	-	104	1,350	2,613	543.31
Other Current Liabilities	2,272	386	396	5,799	227.01
Total Current Liabilities	9,160	10,343	9,793	16,898	4,686
Long-Term Debt	19,224	15,562	12,224	18,350	4,907
Long-Term Leases	1,203	1,274	1,502	1,152	750.75
Pension & Post-Retirement Benefits	-	8	8	17.88	-
Long-Term Deferred Tax Liabilities	8,210	7,007	6,725	1,928	2,259
Other Long-Term Liabilities	1	-1	-	-	-
Total Liabilities	37,798	34,193	30,252	38,346	12,602
Common Stock	34	33	33	36.29	29.45
Additional Paid-In Capital	11,565	9,710	10,017	12,182	3,102
Retained Earnings	6,005	7,625	9,109	6,400	9,658
Treasury Stock	-	-	-	-3.19	-0.03
Comprehensive Income & Other	141	559	742	740.69	441.14
Total Common Equity	17,745	17,927	19,901	19,356	13,230
Minority Interest	2,403	2,313	3,178	4,799	2,253
Shareholders' Equity	20,148	20,240	23,079	24,155	15,483
Total Liabilities & Equity	57,946	54,433	53,331	62,501	28,085
Total Debt	23,447	19,110	15,751	23,217	6,445
Net Cash (Debt)	-22,688	-18,592	-14,966	-20,505	-5,518
Net Cash Per Share	-169.06	-140.81	-113.69	-170.90	-47.60
Filing Date Shares Outstanding	135.33	131.92	131.76	131.43	117.7
Total Common Shares Outstanding	135.33	131.92	131.76	131.43	117.7
Working Capital	9,589	7,580	8,005	12,048	5,558
Book Value Per Share	131.13	135.89	151.04	147.27	112.41
Tangible Book Value	-4,665	-1,566	1,216	1,065	4,700
Tangible Book Value Per Share	-34.47	-11.87	9.23	8.10	39.93
Land	-	5,755	5,833	4,770	2,504
Machinery	-	13,469	10,273	8,257	6,119
Construction In Progress	-	655	1,078	1,942	1,839

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