Norse Atlantic ASA (OSL:NORSE)
Norway flag Norway · Delayed Price · Currency is NOK
0.3940
-0.0060 (-1.50%)
Aug 10, 2026, 4:27 PM CET

Norse Atlantic ASA Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
608.74734.04588.11439.44104.27-
Revenue Growth
-4.16%24.82%33.83%321.44%--
Gross Profit
-26.44142.2585.7220.37-69.27-5.03
Operating Income
-188.28-20.09-97.02-135.22-146.1-7.95
Net Income
-71.07-61.94-135.45-168.75-174.97-7
Earnings Per Share
-0.87-0.41-1.05-2.50-8.30-0.09
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 EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
4.9417.5522.8654.8369.71134.25
Total Debt
818.64835.64927.78973.83961.7393.67
Net Cash (Debt)
-813.7-818.08-904.92-919-892.0240.58
Net Cash Growth
------
Net Cash Per Share
-9.96-5.44-7.00-13.62-13.220.52

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
56.9769.2955.64-20.56-68.64-5.58
Capital Expenditures
-21.1-20.75-22.42-3.96-16.25-2.42
Free Cash Flow
35.8748.5433.22-24.52-84.89-7.99
Free Cash Flow Growth
-45.15%46.14%----

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
-4.34%19.38%14.57%4.63%-66.43%-
Operating Margin
-30.93%-2.74%-16.50%-30.77%-140.12%-
Pretax Margin
-11.56%-8.35%-22.97%-38.37%-167.81%-
Profit Margin
-11.68%-8.44%-23.03%-38.40%-167.81%-
FCF Margin
5.89%6.61%5.65%-5.58%-81.41%-

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
0.192.051.37---
PS Ratio
0.010.140.080.180.58-