Bergen Carbon Solutions AS

Earnings Release • Feb 24, 2023

Q4 Summary

Amounts in NOK thousands

Key figures	Q4 2022	Q4 2021	Full year 2022	Full year 2021**
Total revenue and other income	1 144	665	1 486	874
Total operating expenses	18 848	12 161	57 498	30 711
Operating profit (loss)	(17 704)	(11 496)	(56 012)	(29 837)
Net profit (loss) for the period before tax	(15 025)	(11 739)	(54 035)	(30 107)
Net change in cash and cash equivalents for the period	(10 753)	(11 150)	185 694	66 798
Cash and cash equivalents, end of period	292 989	107 295	292 989	107 295
Equity	308 730	118 632	308 730	118 632
Total assets	336 670	145 609	336 670	145 609

Market cap MNOK

Number of shareholders >5 000

426

*The figures have not been audited. The figures represent condensed figures (Group) based on the principles of Simplified IFRS, in accordance with Norwegian law

** The figures for full year 2021 has a minor adjustment due to correction of IFRS16

One-off items Q4

• Costs for employees' option program, the effect for year 2022 is taken in Q4 2022: 1 990KNOK
• Other one-off items 1 400KNOK
• Adjusted operating loss for Q4 2022 adjusted for non-recurring items as well as non-cash cost related to employee options is 14 314KNOK