Cavendish Hydrogen ASA (STO:CAVENO)

Cavendish Hydrogen ASA Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Cash & Equivalents	20.2	41.78	7.02
Cash & Short-Term Investments	20.2	41.78	7.02
Cash Growth	-51.65%	495.30%	-
Accounts Receivable	1.9	6.27	10.88
Other Receivables	-	0.28	0.23
Receivables	1.9	6.55	11.12
Inventory	12.9	18.75	27.75
Prepaid Expenses	-	0.2	0.04
Other Current Assets	3	3.71	2.38
Total Current Assets	38	70.99	48.3
Property, Plant & Equipment	9.8	11.4	11.88
Long-Term Investments	-	-	0.87
Other Intangible Assets	11.2	12.61	8.68
Other Long-Term Assets	-	0.21	0.16
Total Assets	59	95.2	69.9
Accounts Payable	1.4	2.63	5.57
Accrued Expenses	-	2.33	3.28
Current Portion of Leases	0.3	0.4	0.44
Current Unearned Revenue	1.4	9.12	17.46
Other Current Liabilities	3.7	3.4	3.92
Total Current Liabilities	6.8	17.88	30.67
Long-Term Debt	1.7	1.86	15.77
Long-Term Leases	0.1	0.36	0.6
Long-Term Unearned Revenue	-	2.01	1.39
Long-Term Deferred Tax Liabilities	-	0.03	0.09
Other Long-Term Liabilities	1.7	-	0.01
Total Liabilities	10.3	22.15	48.53
Common Stock	5.9	5.89	-
Additional Paid-In Capital	87.4	87.3	-
Retained Earnings	-48.4	-21.81	19.33
Comprehensive Income & Other	3.8	1.67	2.04
Shareholders' Equity	48.7	73.05	21.36
Total Liabilities & Equity	59	95.2	69.9
Total Debt	2.1	2.62	16.81
Net Cash (Debt)	18.1	39.16	-9.79
Net Cash Growth	-53.78%	-	-
Net Cash Per Share	0.54	1.16	-0.29
Filing Date Shares Outstanding	33.62	33.62	33.67
Total Common Shares Outstanding	33.62	33.62	33.67
Working Capital	31.2	53.11	17.62
Book Value Per Share	1.45	2.17	0.63
Tangible Book Value	37.5	60.45	12.68
Tangible Book Value Per Share	1.12	1.80	0.38
Buildings	-	9.01	8.57
Machinery	-	9.52	8.41
Order Backlog	-	17.41	32.4

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