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	Sep '25 Sep 30, 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	20.39	22.53	18.78	3.41	29.42	218.27
Cash & Short-Term Investments	20.39	22.53	18.78	3.41	29.42	218.27
Cash Growth	131.96%	20.00%	450.32%	-88.40%	-86.52%	-
Receivables	48.84	32.72	46.34	46.43	49.41	43.02
Inventory	16.75	13.24	8.09	8.71	4.81	132.05
Other Current Assets	197.83	264.42	272.05	206.76	235.92	-
Total Current Assets	283.8	332.91	345.27	265.31	319.55	393.33
Property, Plant & Equipment	301.96	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	-	0.89
Total Assets	588.63	673.98	694.79	541.85	556.52	464.31
Accounts Payable	74.92	119.98	135.86	114.26	88.23	13.5
Short-Term Debt	-	188.06	119.36	-	-	-
Current Portion of Long-Term Debt	190.02	17.21	-	158.15	-	-
Current Portion of Leases	31.31	34.66	32.64	16.28	15.95	-
Other Current Liabilities	17.01	29.8	28.66	15.54	10.9	-6.06
Total Current Liabilities	313.26	389.71	316.52	304.23	115.08	7.44
Long-Term Debt	49.17	17.02	29.28	-	74.66	67.95
Long-Term Leases	86.29	111.16	124.18	60.94	57.55	0.81
Other Long-Term Liabilities	-0	0	-0	-	-0	-
Total Liabilities	448.72	517.89	469.99	365.17	247.28	76.2
Common Stock	28.83	21.9	14.71	9.61	8.52	8.52
Additional Paid-In Capital	1,155	1,005	846.04	553.04	386.59	386.59
Retained Earnings	-1,041	-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	139.91	156.09	224.81	176.68	309.24	388.1
Total Liabilities & Equity	588.63	673.98	694.79	541.85	556.52	464.31
Total Debt	356.79	368.11	305.46	235.37	148.16	68.76
Net Cash (Debt)	-336.41	-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	-29.45	-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	137.04	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.