Borealis Foods Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	0.21	0.65	7.62	5.15	2.91
Cash & Short-Term Investments	0.21	0.65	7.62	5.15	2.91
Cash Growth	-93.40%	-91.43%	47.97%	77.14%	-
Accounts Receivable	2.32	1.97	1.78	2.59	1.13
Other Receivables	-	0.64	-	-	1
Receivables	2.32	2.61	1.78	2.59	2.13
Inventory	7	8.05	6.95	6.28	6.1
Prepaid Expenses	0.4	0.49	0.85	1.82	0.44
Total Current Assets	9.93	11.8	17.18	15.84	11.57
Property, Plant & Equipment	44.82	45.8	46.52	46.84	43.85
Goodwill	1.92	1.92	1.92	1.92	1.92
Other Intangible Assets	0.35	0.32	-	-	-
Other Long-Term Assets	0.25	0.17	0.17	0.17	0.05
Total Assets	57.27	60.01	65.79	64.77	57.38
Accounts Payable	13.99	11.53	10.89	8.71	7.25
Short-Term Debt	-	-	7.83	-	-
Current Portion of Long-Term Debt	24.81	13.28	47.98	25.43	3.19
Current Portion of Leases	0.62	0.59	0.61	0.55	-
Other Current Liabilities	-	-	-	8.33	6.95
Total Current Liabilities	39.42	25.41	67.3	43.02	17.38
Long-Term Debt	24.73	32.68	16.51	13	10
Long-Term Leases	0.83	1.16	1.75	2.19	-
Long-Term Deferred Tax Liabilities	1.46	1.46	1.57	1.92	1.92
Total Liabilities	66.45	60.7	87.13	60.13	29.3
Additional Paid-In Capital	90.41	90.1	44.12	42.63	39.79
Retained Earnings	-99.58	-90.79	-65.47	-37.99	-11.7
Shareholders' Equity	-9.17	-0.7	-21.35	4.64	28.08
Total Liabilities & Equity	57.27	60.01	65.79	64.77	57.38
Total Debt	50.99	47.71	74.68	41.18	13.19
Net Cash (Debt)	-50.79	-47.06	-67.06	-36.03	-10.28
Net Cash Per Share	-2.37	-2.32	-6.24	-0.22	-
Filing Date Shares Outstanding	21.38	21.38	163.46	162.35	-
Total Common Shares Outstanding	21.45	21.38	163.46	162.35	-
Working Capital	-29.49	-13.61	-50.12	-27.18	-5.81
Book Value Per Share	-0.43	-0.03	-0.13	0.03	-
Tangible Book Value	-11.44	-2.93	-23.26	2.72	26.17
Tangible Book Value Per Share	-0.53	-0.14	-0.14	0.02	-
Buildings	10.11	10.11	10.11	10.11	10.28
Machinery	48.63	48.52	42.59	40.94	15.91
Construction In Progress	0.76	0.88	5.08	3.52	21.92

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q