Nordic American Tankers Income Statement

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

Millions USD. 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
Revenue	294.82	349.74	391.69	339.34	191.08	354.62
Revenue Growth (YoY)	-19.77%	-10.71%	15.43%	77.59%	-46.12%	11.79%
Cost of Revenue	190.78	187.46	189.51	233.95	195.94	187.97
Gross Profit	104.04	162.29	202.18	105.4	-4.86	166.65
Selling, General & Admin	29.32	28.83	22.89	18.8	15.62	17.59
Operating Expenses	86.73	84.98	74.29	69.22	83.97	85.42
Operating Income	17.32	77.31	127.89	36.18	-88.84	81.23
Interest Expense	-33.52	-30.74	-30.5	-27.06	-26.38	-31.48
Interest & Investment Income	1.42	0.73	1.3	0.27	0	0.1
Other Non Operating Income (Expenses)	0.06	-0.67	0.14	0.05	-0.43	0.26
EBT Excluding Unusual Items	-14.73	46.63	98.83	9.43	-115.64	50.1
Gain (Loss) on Sale of Assets	16.62	-	-	6.01	-	-
Asset Writedown	-	-	-	-0.31	-60.31	-
Pretax Income	1.9	46.63	98.83	15.12	-171.27	50.1
Income Tax Expense	-0.01	-0.01	0.12	0.02	0.06	0.06
Net Income	1.91	46.64	98.71	15.1	-171.33	50.03
Net Income to Common	1.91	46.64	98.71	15.1	-171.33	50.03
Net Income Growth	-96.97%	-52.75%	553.67%	-	-	-
Shares Outstanding (Basic)	211	209	209	202	163	149
Shares Outstanding (Diluted)	212	210	209	202	163	149
Shares Change (YoY)	1.58%	0.52%	3.36%	24.29%	8.88%	4.71%
EPS (Basic)	0.01	0.22	0.47	0.07	-1.05	0.34
EPS (Diluted)	0.01	0.22	0.47	0.07	-1.05	0.34
EPS Growth	-97.72%	-53.19%	571.43%	-	-	-
Free Cash Flow	-108.37	125.54	65.78	-71.28	-62.19	92.87
Free Cash Flow Per Share	-0.51	0.60	0.32	-0.35	-0.38	0.62
Dividend Per Share	0.360	0.340	0.460	0.250	0.050	0.400
Dividend Growth	-10.00%	-26.09%	84.00%	400.00%	-87.50%	207.69%
Gross Margin	35.29%	46.40%	51.62%	31.06%	-2.54%	46.99%
Operating Margin	5.87%	22.11%	32.65%	10.66%	-46.49%	22.91%
Profit Margin	0.65%	13.34%	25.20%	4.45%	-89.66%	14.11%
Free Cash Flow Margin	-36.76%	35.89%	16.79%	-21.01%	-32.55%	26.19%
EBITDA	74.73	133.46	179.29	86.6	-20.48	149.06
EBITDA Margin	25.35%	38.16%	45.77%	25.52%	-10.72%	42.03%
D&A For EBITDA	57.41	56.15	51.4	50.42	68.35	67.83
EBIT	17.32	77.31	127.89	36.18	-88.84	81.23
EBIT Margin	5.87%	22.11%	32.65%	10.66%	-46.49%	22.91%
Effective Tax Rate	-	-	0.12%	0.15%	-	0.13%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.