Norse Atlantic ASA (OSL:NORSE)
Norway flag Norway · Delayed Price · Currency is NOK
0.3070
-0.0210 (-6.40%)
Aug 31, 2026, 11:03 AM CET

Norse Atlantic ASA Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
727.22734.04588.11439.44104.27-
Revenue Growth
12.88%24.82%33.83%321.44%--
Gross Profit
120.1142.2585.7220.37-69.27-5.48
Operating Income
-30.92-20.09-97.02-135.22-146.1-8.67
Net Income
-135.71-61.94-135.45-168.75-174.97-7.63
Earnings Per Share
-0.82-0.41-1.05-2.50-8.30-0.39
EPS Growth
------

Revenue by Geography

Fiscal YearFY 2025FY 2024FY 2023FY 2022
Period EndingDec '25 Dec '24 Dec '23 Dec '22
Norway
79.8340.7228.123.1
UK
150.67106.8254.9311.18
Europe (Excl. Norway and UK)
109.87101.8196.6729.16
USA
309.11296.4123137.51
India
47.67---
Other
36.8942.3528.743.32
Total
734.04588.11439.44104.27

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
67.1222.2626.4675.876.33134.25
Total Debt
796.17835.64927.78973.83961.7393.67
Net Cash (Debt)
-729.05-813.38-901.31-898.03-885.440.58
Net Cash Growth
------
Net Cash Per Share
-4.41-5.41-6.97-13.31-41.982.09

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-0.6869.2955.64-20.56-68.64-6.09
Capital Expenditures
-19.68-20.75-22.42-3.96-14.64-22.95
Free Cash Flow
-20.3648.5433.22-24.52-83.28-29.03
Free Cash Flow Growth
-46.14%----

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
16.52%19.38%14.57%4.63%-66.43%-
Operating Margin
-4.25%-2.74%-16.50%-30.77%-140.12%-
Pretax Margin
-18.62%-8.35%-22.97%-38.37%-167.81%-
Profit Margin
-18.66%-8.44%-23.03%-38.40%-167.81%-
FCF Margin
-2.80%6.61%5.65%-5.58%-79.87%-

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
-7.62----
P/FCF Ratio
-2.211.57---
PS Ratio
0.130.150.090.330.40-