Norcod AS Balance Sheet

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	8.58	22.53	18.78	3.41	29.42	218.27
Cash & Short-Term Investments	8.58	22.53	18.78	3.41	29.42	218.27
Cash Growth	-93.91%	20.00%	450.32%	-88.40%	-86.52%	-
Receivables	33.7	32.72	46.34	46.43	49.41	43.02
Inventory	8.97	13.24	8.09	8.71	4.81	132.05
Other Current Assets	178.82	264.42	272.05	206.76	235.92	-
Total Current Assets	230.07	332.91	345.27	265.31	319.55	393.33
Property, Plant & Equipment	332.37	339.06	347.02	200.52	163.34	48.17
Long-Term Investments	0	0	0.51	34.01	35.59	16
Other Intangible Assets	2	2	2	2	8.04	5.9
Other Long-Term Assets	0	0	-0	-0	-	0.89
Total Assets	564.45	673.98	694.79	541.85	556.52	464.31
Accounts Payable	62.89	119.98	135.86	114.26	88.23	13.5
Short-Term Debt	-	188.06	119.36	-	-	-
Current Portion of Long-Term Debt	51.93	17.21	-	158.15	-	-
Current Portion of Leases	33.68	34.66	32.64	16.28	15.95	-
Other Current Liabilities	32.2	29.8	28.66	15.54	10.9	-6.06
Total Current Liabilities	180.69	389.71	316.52	304.23	115.08	7.44
Long-Term Debt	16.44	17.02	29.28	-	74.66	67.95
Long-Term Leases	105	111.16	124.18	60.94	57.55	0.81
Other Long-Term Liabilities	-	0	-0	-	-0	-
Total Liabilities	302.13	517.89	469.99	365.17	247.28	76.2
Common Stock	28.76	21.9	14.71	9.61	8.52	8.52
Additional Paid-In Capital	1,154	1,005	846.04	553.04	386.59	386.59
Retained Earnings	-917.01	-867.25	-632.24	-382.27	-82.16	-7
Treasury Stock	-3.71	-3.71	-3.71	-3.71	-3.71	-
Comprehensive Income & Other	-	-	-0	0	-	-
Shareholders' Equity	262.31	156.09	224.81	176.68	309.24	388.1
Total Liabilities & Equity	564.45	673.98	694.79	541.85	556.52	464.31
Total Debt	207.05	368.11	305.46	235.37	148.16	68.76
Net Cash (Debt)	-198.47	-345.57	-286.69	-231.95	-118.74	149.52
Net Cash Per Share	-	-8.61	-12.27	-12.09	-6.19	-
Filing Date Shares Outstanding	-	43.76	43.76	19.18	19.18	-
Total Common Shares Outstanding	-	43.76	29.39	19.18	19.18	-
Working Capital	49.38	-56.8	28.75	-38.92	204.48	385.89
Book Value Per Share	-	3.57	7.65	9.21	16.12	-
Tangible Book Value	260.31	154.09	222.81	174.68	301.2	382.2
Tangible Book Value Per Share	-	3.52	7.58	9.11	15.70	-
Land	-	34.66	34.17	3.09	-	-
Machinery	-	183.32	169.83	79.35	55.25	22.29

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