Vår Energi ASA (VARRY)

Vår Energi ASA Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	699.9	278.88	734.91	444.61	223.59
Cash & Short-Term Investments	699.9	278.88	734.91	444.61	223.59
Cash Growth	150.97%	-62.05%	65.30%	98.85%	-17.92%
Accounts Receivable	206.9	373.22	362.9	796.32	745.92
Other Receivables	117	116.33	119.31	67.78	-
Receivables	323.9	489.55	482.21	864.09	745.92
Inventory	336.2	241.35	251.5	265.81	301.33
Prepaid Expenses	39.8	16.77	53.44	30.67	8.31
Other Current Assets	364.4	240.3	136.72	114.84	193.5
Total Current Assets	1,764	1,267	1,659	1,720	1,473
Property, Plant & Equipment	20,216	16,935	15,311	14,738	15,487
Long-Term Investments	1.1	19.78	0.74	0.76	0.85
Goodwill	3,358	2,988	1,958	2,020	2,532
Other Intangible Assets	768.7	646.75	359.56	318.8	304.5
Other Long-Term Assets	37.3	11.69	0.75	0.53	1.81
Total Assets	26,145	21,868	19,289	18,797	19,799
Accounts Payable	478	356.09	328.95	368.59	422.16
Accrued Expenses	49.6	102.22	77.63	50.75	5.31
Current Portion of Long-Term Debt	99.6	-	-	500	333.15
Current Portion of Leases	133.3	70.4	99.27	99.31	108.88
Current Income Taxes Payable	1,317	681.66	964.41	1,778	801.43
Other Current Liabilities	833.5	686.47	653.83	512.28	550.48
Total Current Liabilities	2,911	1,897	2,124	3,309	2,221
Long-Term Debt	5,842	5,082	3,147	2,453	4,493
Long-Term Leases	114.6	141.45	17.66	113.33	216.21
Long-Term Unearned Revenue	-	7.48	8.54	9.26	10.85
Pension & Post-Retirement Benefits	12.9	15.46	-	-	-
Long-Term Deferred Tax Liabilities	12,618	10,501	8,943	8,128	7,954
Other Long-Term Liabilities	4,087	3,391	3,281	3,303	3,388
Total Liabilities	25,585	21,036	17,521	17,316	18,283
Common Stock	46	45.97	45.97	45.97	45.97
Additional Paid-In Capital	-	-	758.18	1,868	2,643
Comprehensive Income & Other	514	786.54	963.87	-432.58	-1,173
Shareholders' Equity	560	832.51	1,768	1,482	1,516
Total Liabilities & Equity	26,145	21,868	19,289	18,797	19,799
Total Debt	6,190	5,294	3,264	3,165	5,152
Net Cash (Debt)	-5,490	-5,015	-2,529	-2,721	-4,928
Net Cash Per Share	-2.20	-2.01	-1.01	-1.09	-1.97
Filing Date Shares Outstanding	2,496	2,496	2,496	2,496	2,496
Total Common Shares Outstanding	2,496	2,496	2,496	2,496	2,496
Working Capital	-1,147	-630	-465.31	-1,589	-748.76
Book Value Per Share	-0.10	0.01	0.39	0.59	0.61
Tangible Book Value	-3,567	-2,802	-550.02	-856.74	-1,321
Tangible Book Value Per Share	-1.75	-1.44	-0.54	-0.34	-0.53
Construction In Progress	900	7,446	6,310	6,308	5,113

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