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FREYR Battery, Inc.

Quarterly report

Stockholders’ Equity	Shares			Additional Paid-in Capital			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Accumulated Deficit			Non-controlling interests			Total Equity
						Number			Amount			Balance as of January 1, 2023			139,854			$	139,854	$	772,602	$	9,094	$	(1,041)	$	(203,054)	$	2,672	$	720,127	Share-based compensation expense	—			—			1,462			—			—			—			—			1,462
Net loss			—			—	—	—	—	(12,726)	(177)	(12,903)	Reclassification of warrants from liability classified to equity classified	—			—	5	—	—	—	—	5	Other comprehensive loss	—			—	—	(33,718)	—	—	—	(33,718)	Balance as of March 31, 2023	139,854			$	139,854	$	774,069	$	(24,624)	$	(1,041)	$	(215,780)	$	2,495	$	674,973	Share-based compensation expense	—			—	3,688	—	—	—	—	3,688	Net loss	—			—	—	—	—	(25,282)	(121)	(25,403)	Reclassification of warrants from liability classified to equity classified	—			—	56	—	—	—	—	56	Other comprehensive loss	—			—	—	(20,425)	—	—	—	(20,425)	Balance as of June 30, 2023	139,854			$	139,854	$	777,813	$	(45,049)	$	(1,041)	$	(241,062)	$	2,374	$	632,889	Share-based compensation expense	—			—	5,421	—	—	—	—	5,421	Net loss	—			—	—	—	—	(9,785)	(219)	(10,004)	Other comprehensive income	—			—	—	6,134	—	—	—	6,134	Balance as of September 30, 2023	139,854			$	139,854	$	783,234	$	(38,915)	$	(1,041)	$	(250,847)	$	2,155	$	634,440

12 Nov 24

4:36pm

FREYR Battery, Inc.

Quarterly report

Stockholders’ Equity	Shares			Additional Paid-in Capital			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Accumulated Deficit			Non-controlling interests			Total Equity
						Number			Amount			Balance as of January 1, 2024			139,705			$	1,397	$	925,623	$	(18,826)	$	—	$	(274,999)	$	1,521	$	634,716	Share-based compensation expense	—			—	3,670	—	—	—	—	3,670	Net loss	—			—	—	—	—	(28,543)	(147)	(28,690)	Reclassification of warrants from liability classified to equity classified	—			—	10	—	—	—	—	10	Other comprehensive loss	—			—	—	(26,044)	—	—	—	(26,044)	Balance as of March 31, 2024	139,705			$	1,397	$	929,303	$	(44,870)	$	—	$	(303,542)	$	1,374	$	583,662	Share-based compensation expense	—			—	1,486	—	—	—	—	1,486	Net loss	—			—	—	—	—	(26,987)	(174)	(27,161)	Exercise of warrants	785			8	(8)	—	—	—	—	—	Other comprehensive income	—			—	—	4,862	—	—	—	4,862	Balance as of June 30, 2024	140,490			$	1,405	$	930,781	$	(40,008)	$	—	$	(330,529)	$	1,200	$	562,849	Share-based compensation expense	—			—	1,554	—	—	—	—	1,554	Net loss	—			—	—	—	—	(27,475)	(81)	(27,556)	Acquisition of non-controlling interest	—			—	(3,011)	—	—	—	(1,119)	(4,130)	Other comprehensive income	—			—	—	5,973	—	—	—	5,973	Balance as of September 30, 2024	140,490			$	1,405	$	929,324	$	(34,035)	$	—	$	(358,004)	$	—	$	538,690

12 Nov 24

4:36pm

FREYR Battery, Inc.

Quarterly report

Stockholders’ Equity	Shares			Additional Paid-in Capital			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Accumulated Deficit			Non-controlling interests			Total Equity
						Number			Amount			Balance as of January 1, 2023			139,854			$	139,854	$	772,602	$	9,094	$	(1,041)	$	(203,054)	$	2,672	$	720,127	Share-based compensation expense	—			—			1,462			—			—			—			—			1,462
Net loss			—			—	—	—	—	(12,726)	(177)	(12,903)	Reclassification of warrants from liability classified to equity classified	—			—	5	—	—	—	—	5	Other comprehensive loss	—			—	—	(33,718)	—	—	—	(33,718)	Balance as of March 31, 2023	139,854			$	139,854	$	774,069	$	(24,624)	$	(1,041)	$	(215,780)	$	2,495	$	674,973	Share-based compensation expense	—			—	3,688	—	—	—	—	3,688	Net loss	—			—	—	—	—	(25,282)	(121)	(25,403)	Reclassification of warrants from liability classified to equity classified	—			—	56	—	—	—	—	56	Other comprehensive loss	—			—	—	(20,425)	—	—	—	(20,425)	Balance as of June 30, 2023	139,854			$	139,854	$	777,813	$	(45,049)	$	(1,041)	$	(241,062)	$	2,374	$	632,889

9 Aug 24

4:25pm

FREYR Battery, Inc.

Quarterly report

Stockholders’ Equity	Shares			Additional Paid-in Capital			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Accumulated Deficit			Non-controlling interests			Total Equity
						Number			Amount			Balance as of January 1, 2024			139,705			$	1,397	$	925,623	$	(18,826)	$	—	$	(274,999)	$	1,521	$	634,716	Share-based compensation expense	—			—	3,670	—	—	—	—	3,670	Net loss	—			—	—	—	—	(28,543)	(147)	(28,690)	Reclassification of warrants from liability classified to equity classified	—			—	10	—	—	—	—	10	Other comprehensive loss	—			—	—	(26,044)	—	—	—	(26,044)	Balance as of March 31, 2024	139,705			$	1,397	$	929,303	$	(44,870)	$	—	$	(303,542)	$	1,374	$	583,662	Share-based compensation expense	—			—	1,486	—	—	—	—	1,486	Net loss	—			—	—	—	—	(26,987)	(174)	(27,161)	Exercise of warrants	785			8	(8)	—	—	—	—	—	Other comprehensive income	—			—	—	4,862	—	—	—	4,862	Balance as of June 30, 2024	140,490			$	1,405	$	930,781	$	(40,008)	$	—	$	(330,529)	$	1,200	$	562,849

9 Aug 24

4:25pm

FREYR Battery, Inc.

Quarterly report

Stockholders’ Equity	Shares			Additional Paid-in Capital			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Accumulated Deficit			Non-controlling interests			Total Equity
						Number			Amount			Balance as of January 1, 2024			139,705			1,397	925,623	(18,826)	—	(274,999)	1,521	$	634,716	Share-based compensation expense	—			—	3,670	—	—	—	—	3,670	Net loss	—			—	—	—	—	(28,543)	(147)	(28,690)	Reclassification of warrants from liability classified to equity classified	—			—	10	—	—	—	—	10	Other comprehensive loss	—			—	—	(26,044)	—	—	—	(26,044)	Balance as of March 31, 2024	139,705			1,397	929,303	(44,870)	—	(303,542)	1,374	583,662

Quarterly report

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