Frontline Balance Sheet

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

Millions USD. 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	251.35	413.53	308.32	254.53	113.07
Short-Term Investments	2.07	4.03	7.43	236.28	2.44
Trading Asset Securities	-	2	-	-	-
Cash & Short-Term Investments	253.41	419.56	315.75	490.81	115.51
Cash Growth	-39.60%	32.87%	-35.67%	324.91%	-34.87%
Accounts Receivable	-	226.38	242.09	246.66	105.8
Other Receivables	-	11.32	11.91	16.94	16.64
Receivables	-	237.7	254	263.59	122.44
Inventory	-	137	135.16	107.11	80.79
Prepaid Expenses	-	14.46	15.75	14.26	8.9
Other Current Assets	453.84	17.3	7.26	5.29	5.11
Total Current Assets	707.25	826.01	727.93	881.05	332.75
Property, Plant & Equipment	4,912	5,248	4,635	3,702	3,647
Long-Term Investments	8.79	34.21	51.5	70.3	10.23
Goodwill	112.45	112.45	112.45	112.45	112.45
Other Long-Term Assets	13.14	-	355.48	1.51	3.06
Total Assets	5,754	6,221	5,883	4,768	4,107
Accounts Payable	-	5.99	7.8	7.99	2.33
Accrued Expenses	-	75.38	72.92	71.57	33.14
Current Portion of Long-Term Debt	320.52	460.32	262	277.85	198.67
Current Portion of Leases	-	1.15	1.1	1.02	8.72
Current Unearned Revenue	-	2.63	-	-	3.12
Other Current Liabilities	174.19	50.19	65.23	33.22	41.02
Total Current Liabilities	494.71	595.65	409.05	391.66	287
Long-Term Debt	2,747	2,772	2,765	2,112	2,133
Long-Term Leases	-	512.51	430.78	2.37	43.98
Other Long-Term Liabilities	0.82	0.45	0.47	2.05	0.99
Total Liabilities	3,243	3,881	3,605	2,509	2,465
Common Stock	222.62	222.62	222.62	222.62	203.53
Additional Paid-In Capital	1,609	1,609	1,609	1,609	1,452
Retained Earnings	679.51	507.47	446	428.51	-13.63
Comprehensive Income & Other	0.44	1.78	0.42	0.45	0.23
Total Common Equity	2,511	2,341	2,278	2,260	1,643
Minority Interest	-0.47	-0.47	-0.47	-0.47	-0.47
Shareholders' Equity	2,511	2,340	2,277	2,260	1,642
Total Liabilities & Equity	5,754	6,221	5,883	4,768	4,107
Total Debt	3,068	3,746	3,459	2,394	2,384
Net Cash (Debt)	-2,814	-3,326	-3,143	-1,903	-2,268
Net Cash Per Share	-12.64	-14.94	-14.12	-8.89	-11.40
Filing Date Shares Outstanding	222.62	222.62	222.62	222.62	203.53
Total Common Shares Outstanding	222.62	222.62	222.62	222.62	203.53
Working Capital	212.55	230.36	318.87	489.39	45.74
Book Value Per Share	11.28	10.51	10.23	10.15	8.07
Tangible Book Value	2,399	2,228	2,165	2,148	1,530
Tangible Book Value Per Share	10.78	10.01	9.73	9.65	7.52
Buildings	-	-	-	47.99	130.63
Machinery	-	6,066	5,612	4,517	4,197

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