Norse Atlantic ASA 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	17.55	22.86	54.83	69.71	134.25
Short-Term Investments	-	3.61	20.97	6.62	-
Cash & Short-Term Investments	17.55	26.46	75.8	76.33	134.25
Cash Growth	-33.66%	-65.09%	-0.69%	-43.15%	-
Accounts Receivable	96.83	109.94	64.31	34.75	-
Other Receivables	-	1.97	2.26	1.11	0.71
Receivables	96.83	111.91	66.57	35.86	0.71
Inventory	6.32	4.6	3.47	2.6	-
Prepaid Expenses	-	11.86	1.8	2.42	-
Other Current Assets	19.11	-	-	-	0
Total Current Assets	139.82	154.84	147.63	117.2	134.96
Property, Plant & Equipment	703.41	824.69	898.86	940	96.12
Long-Term Investments	-	-	-	-	2.37
Other Intangible Assets	2.02	2.82	3.32	2.8	0.8
Other Long-Term Assets	66.55	48.84	33.33	30.24	20.27
Total Assets	911.79	1,031	1,083	1,090	254.51
Accounts Payable	180.42	138.86	88.7	55.21	2.05
Current Portion of Long-Term Debt	27.72	-	-	-	-
Current Portion of Leases	68.07	79.71	71.68	36.21	0.31
Current Unearned Revenue	79.23	101.29	52.39	17	-
Other Current Liabilities	0	0	-	-	-
Total Current Liabilities	355.44	319.87	212.77	108.42	2.37
Long-Term Debt	28.63	22.06	-	-	-
Long-Term Leases	711.21	826.01	902.15	925.52	93.36
Other Long-Term Liabilities	76.52	73.83	57.91	45.76	2.2
Total Liabilities	1,172	1,242	1,173	1,080	97.93
Common Stock	8.27	74.6	62.95	29.95	27.49
Additional Paid-In Capital	11.5	201.01	198.07	162.56	136.09
Retained Earnings	-279.78	-486.17	-350.72	-181.97	-7
Comprehensive Income & Other	-0	-	-	-	-
Shareholders' Equity	-260.01	-210.57	-89.7	10.54	156.59
Total Liabilities & Equity	911.79	1,031	1,083	1,090	254.51
Total Debt	835.64	927.78	973.83	961.73	93.67
Net Cash (Debt)	-818.08	-901.31	-898.03	-885.4	40.58
Net Cash Per Share	-5.55	-6.97	-13.31	-41.98	2.09
Filing Date Shares Outstanding	52.88	147.8	128.52	51.52	19.42
Total Common Shares Outstanding	52.88	147.8	122.21	51.52	19.42
Working Capital	-215.62	-165.03	-65.14	8.78	132.6
Book Value Per Share	-4.92	-1.42	-0.73	0.20	8.06
Tangible Book Value	-262.03	-213.39	-93.02	7.73	155.79
Tangible Book Value Per Share	-4.95	-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.