Nordic Aqua Partners Income Statement

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

Millions EUR. 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
Revenue	12.89	6.5	-	-	-
Revenue Growth (YoY)	98.34%	-	-	-	-
Cost of Revenue	-2.5	1.27	-5.83	-0.38	-
Gross Profit	15.39	5.23	5.83	0.38	-
Selling, General & Admin	20.92	21.1	10.04	4.14	2.45
Other Operating Expenses	-	-0.12	-0.23	-0.06	-0.08
Operating Expenses	26.4	25.16	10.51	4.15	2.39
Operating Income	-11.02	-19.93	-4.68	-3.77	-2.39
Interest Expense	-4.26	-2.45	-1.48	-0.01	-0.17
Interest & Investment Income	0.31	0.11	0.33	0.26	0.02
Currency Exchange Gain (Loss)	-5.46	2.36	-2.4	-1.3	-0.69
Other Non Operating Income (Expenses)	-	-	-	-0.66	-0.47
Pretax Income	-20.43	-19.91	-8.23	-5.48	-3.7
Income Tax Expense	-3.93	-2.49	-	-	-
Net Income	-16.5	-17.42	-8.23	-5.48	-3.7
Net Income to Common	-16.5	-17.42	-8.23	-5.48	-3.7
Shares Outstanding (Basic)	21	17	14	10	10
Shares Outstanding (Diluted)	21	17	14	10	10
Shares Change (YoY)	24.34%	21.19%	38.31%	-	250.64%
EPS (Basic)	-0.77	-1.01	-0.58	-0.53	-0.36
EPS (Diluted)	-0.77	-1.01	-0.58	-0.53	-0.36
Free Cash Flow	-43.37	-39.37	-36.73	-24.56	-18.19
Free Cash Flow Per Share	-2.02	-2.28	-2.58	-2.39	-1.77
Gross Margin	119.41%	80.45%	-	-	-
Operating Margin	-85.49%	-306.74%	-	-	-
Profit Margin	-128.07%	-268.16%	-	-	-
Free Cash Flow Margin	-336.57%	-606.02%	-	-	-
EBITDA	-5.53	-16.87	-4.14	-3.7	-2.37
EBITDA Margin	-42.95%	-259.64%	-	-	-
D&A For EBITDA	5.48	3.06	0.54	0.07	0.02
EBIT	-11.02	-19.93	-4.68	-3.77	-2.39
EBIT Margin	-85.49%	-	-	-	-

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