Havila Shipping ASA Income Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	616.59	551.48	665.29	658.49	515.43
Other Revenue	32.03	28.78	33.82	26.56	25.37
Revenue	648.61	580.26	699.11	685.05	540.8
Revenue Growth (YoY)	11.78%	-17.00%	2.05%	26.67%	-22.63%
Cost of Revenue	283.62	267.02	369.83	380.49	357.4
Gross Profit	364.99	313.25	329.28	304.56	183.4
Selling, General & Admin	-	0.06	0.25	0.23	0.24
Other Operating Expenses	66.3	57.68	61.07	46.33	52.18
Operating Expenses	263.07	204	192.96	230.29	231.58
Operating Income	101.92	109.25	136.32	74.27	-48.18
Interest Expense	-1.78	-3.02	-3.18	-4.3	-6.32
Interest & Investment Income	6.35	6.61	5.78	5.94	10.95
Earnings From Equity Investments	6.77	-1.93	-3.06	-6.31	-1.29
Currency Exchange Gain (Loss)	-6.46	-2.07	-22.72	-85.77	-22.43
Other Non Operating Income (Expenses)	-64.85	-2.9	0.75	-0.91	-0.17
EBT Excluding Unusual Items	41.95	105.95	113.9	-17.07	-67.43
Gain (Loss) on Sale of Assets	-	-	214.98	135.8	-
Asset Writedown	32	154	865.02	226	235.32
Other Unusual Items	-63.69	-249.52	-1,081	-456.48	-102.08
Pretax Income	10.26	10.44	113.11	-111.75	65.81
Income Tax Expense	0.23	0.06	0.24	0.94	0.14
Net Income	10.03	10.38	112.87	-112.7	65.67
Net Income to Common	10.03	10.38	112.87	-112.7	65.67
Net Income Growth	-3.39%	-90.80%	-	-	-94.40%
Shares Outstanding (Basic)	275	25	24	24	24
Shares Outstanding (Diluted)	558	25	572	24	572
Shares Change (YoY)	2123.64%	-95.61%	2303.89%	-95.84%	2303.89%
EPS (Basic)	0.04	0.41	4.75	-4.74	2.76
EPS (Diluted)	0.02	0.41	1.71	-4.74	0.29
EPS Growth	-95.17%	-75.80%	-	-	-99.41%
Free Cash Flow	129.84	170.89	47.67	168.71	65.97
Free Cash Flow Per Share	0.23	6.81	0.08	7.10	0.12
Gross Margin	56.27%	53.98%	47.10%	44.46%	33.91%
Operating Margin	15.71%	18.83%	19.50%	10.84%	-8.91%
Profit Margin	1.55%	1.79%	16.14%	-16.45%	12.14%
Free Cash Flow Margin	20.02%	29.45%	6.82%	24.63%	12.20%
EBITDA	297.08	253.86	266.35	256.34	153.45
EBITDA Margin	45.80%	43.75%	38.10%	37.42%	28.37%
D&A For EBITDA	195.16	144.61	130.03	182.07	201.63
EBIT	101.92	109.25	136.32	74.27	-48.18
EBIT Margin	15.71%	18.83%	19.50%	10.84%	-8.91%
Effective Tax Rate	2.27%	0.53%	0.21%	-	0.21%
Revenue as Reported	647.96	585.09	919.23	824.45	545.5

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.