Norse Atlantic ASA (OSL:NORSE)

Norse Atlantic ASA Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	734.04	588.11	439.44	104.27	-
Revenue Growth (YoY)	24.82%	33.83%	321.44%	-	-
Cost of Revenue	591.79	502.39	419.07	173.54	5.48
Gross Profit	142.25	85.72	20.37	-69.27	-5.48
Selling, General & Admin	37.49	47.66	37.49	15.63	2.84
Other Operating Expenses	48.29	47.15	34	2.69	-
Operating Expenses	162.35	182.73	155.59	76.83	3.19
Operating Income	-20.09	-97.02	-135.22	-146.1	-8.67
Interest Expense	-40.09	-39.02	-34.98	-24.42	-
Interest & Investment Income	-	-	-	-	0.26
Currency Exchange Gain (Loss)	-2.28	-0.53	-0.53	-4.43	0.83
Other Non Operating Income (Expenses)	1.17	1.49	2.13	0.87	-0.06
EBT Excluding Unusual Items	-61.29	-135.08	-168.6	-174.08	-7.63
Gain (Loss) on Sale of Investments	-	-	-	-0.89	-
Pretax Income	-61.29	-135.08	-168.6	-174.97	-7.63
Income Tax Expense	0.65	0.38	0.14	-	-
Net Income	-61.94	-135.45	-168.75	-174.97	-7.63
Net Income to Common	-61.94	-135.45	-168.75	-174.97	-7.63
Shares Outstanding (Basic)	147	129	67	21	19
Shares Outstanding (Diluted)	147	129	67	21	19
Shares Change (YoY)	14.08%	91.59%	219.90%	8.60%	-
EPS (Basic)	-0.42	-1.05	-2.50	-8.30	-0.39
EPS (Diluted)	-0.42	-1.05	-2.50	-8.30	-0.39
Free Cash Flow	49.62	33.22	-24.52	-83.28	-29.03
Free Cash Flow Per Share	0.34	0.26	-0.36	-3.95	-1.50
Gross Margin	19.38%	14.57%	4.63%	-66.43%	-
Operating Margin	-2.74%	-16.50%	-30.77%	-140.12%	-
Profit Margin	-8.44%	-23.03%	-38.40%	-167.81%	-
Free Cash Flow Margin	6.76%	5.65%	-5.58%	-79.87%	-
EBITDA	-18.97	-95.7	-134.48	-146.04	-8.32
EBITDA Margin	-2.58%	-16.27%	-30.60%	-140.06%	-
D&A For EBITDA	1.13	1.32	0.75	0.07	0.34
EBIT	-20.09	-97.02	-135.22	-146.1	-8.67
EBIT Margin	-2.74%	-16.50%	-30.77%	-140.12%	-

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