Ocean GeoLoop 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
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	34.86	65.29	114.28	179.83	142.52
Short-Term Investments	-	0.01	0.01	0.01	-
Cash & Short-Term Investments	34.86	65.3	114.29	179.84	142.52
Cash Growth	-56.83%	-42.86%	-36.45%	26.19%	-
Accounts Receivable	40.93	86.15	46.87	45.86	0.09
Other Receivables	-	10.35	6.36	8.85	8.08
Receivables	40.93	96.5	53.23	54.71	8.17
Inventory	5.59	5.08	5.33	4.49	-
Other Current Assets	0	-	-	-0	-
Total Current Assets	81.37	166.88	172.84	239.04	150.68
Property, Plant & Equipment	77.03	77.91	71.31	52.94	13.2
Goodwill	-	5.09	8.22	11.35	-
Other Intangible Assets	56.98	54.58	55.04	59.87	-
Other Long-Term Assets	-0	-	-	0	0
Total Assets	215.39	304.45	307.41	363.2	163.88
Accounts Payable	49.22	39.77	23.69	39.91	7.68
Accrued Expenses	-	11.24	9.44	6.79	0.76
Short-Term Debt	-	0.94	-	-	-
Current Portion of Long-Term Debt	-	-	-	0.91	-
Current Income Taxes Payable	-	-	0.01	0	-
Other Current Liabilities	-	51.98	15.18	16.21	2.43
Total Current Liabilities	49.22	103.94	48.32	63.82	10.86
Long-Term Debt	3.12	3.26	2.62	2.43	-
Long-Term Deferred Tax Liabilities	8.31	7.66	9.02	10.6	-
Other Long-Term Liabilities	-	-	11.69	7	0
Total Liabilities	60.66	114.85	71.64	83.85	10.86
Common Stock	0.53	0.53	0.53	0.53	0.49
Additional Paid-In Capital	363.49	363.49	363.49	363.49	206.95
Retained Earnings	-123.1	-189.4	-145.73	-75.68	-44.69
Comprehensive Income & Other	-103.23	-8.03	-10.26	-16.1	-9.73
Total Common Equity	137.69	166.59	208.03	272.24	153.02
Minority Interest	17.03	23.02	27.75	7.11	-
Shareholders' Equity	154.73	189.6	235.77	279.35	153.02
Total Liabilities & Equity	215.39	304.45	307.41	363.2	163.88
Total Debt	3.12	4.2	2.62	3.34	-
Net Cash (Debt)	31.74	61.1	111.67	176.5	142.52
Net Cash Growth	-59.17%	-45.29%	-36.73%	23.84%	-
Net Cash Per Share	-	1.16	2.12	3.35	-
Filing Date Shares Outstanding	-	52.72	52.72	52.72	-
Total Common Shares Outstanding	-	52.72	52.72	52.72	-
Working Capital	32.15	62.95	124.52	175.22	139.82
Book Value Per Share	-	3.16	3.95	5.16	-
Tangible Book Value	80.71	106.92	144.77	201.02	153.02
Tangible Book Value Per Share	-	2.03	2.75	3.81	-
Machinery	-	86.09	74.32	33.47	14.51
Construction In Progress	-	13.93	9.63	21.29	-

Source: S&P Capital IQ. Standard template. Financial Sources.