Norsk Titanium AS 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	Jun '25 Jun 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	5.2	4.48	2.2	1	1.27	0.36
Revenue Growth (YoY)	102.26%	103.31%	119.64%	-20.84%	254.90%	6.25%
Cost of Revenue	8.65	7.22	5.08	3.63	3.75	3.89
Gross Profit	-3.45	-2.74	-2.88	-2.63	-2.48	-3.53
Selling, General & Admin	16.85	15.2	13.84	11.78	11.62	12.71
Other Operating Expenses	7.74	6.96	6.88	4.57	4.01	11.44
Operating Expenses	26.27	23.91	22.61	18.65	19	27.12
Operating Income	-29.73	-26.64	-25.48	-21.28	-21.49	-30.65
Interest Expense	-	-0.29	-0.14	-	-0.34	-0.98
Interest & Investment Income	21.27	0.59	0.13	0.09	0	0.01
Currency Exchange Gain (Loss)	-12.15	18.96	-1.1	12.3	5.38	2
Other Non Operating Income (Expenses)	-13.51	-13.59	-0.06	-0.52	-0.89	-13.51
EBT Excluding Unusual Items	-34.12	-20.97	-26.65	-9.42	-17.34	-43.13
Gain (Loss) on Sale of Assets	-	-	0	0.04	0	0.3
Other Unusual Items	-	-	-	-	1.25	-
Pretax Income	-34.12	-20.97	-26.65	-9.38	-16.09	-42.83
Income Tax Expense	-	-	0.03	-0.01	-0.09	0.06
Net Income to Company	-	-20.97	-26.68	-9.37	-15.99	-42.9
Net Income	-34.12	-20.97	-26.68	-9.37	-15.99	-42.9
Net Income to Common	-34.12	-20.97	-26.68	-9.37	-15.99	-42.9
Shares Outstanding (Basic)	554	528	262	216	172	50
Shares Outstanding (Diluted)	554	528	262	216	172	50
Shares Change (YoY)	53.96%	101.20%	21.64%	25.24%	245.83%	2.15%
EPS (Basic)	-0.06	-0.04	-0.10	-0.04	-0.09	-0.86
EPS (Diluted)	-0.06	-0.04	-0.10	-0.04	-0.09	-0.86
Free Cash Flow	-31.65	-27.86	-22.44	-20.18	-21.23	-27.7
Free Cash Flow Per Share	-0.06	-0.05	-0.09	-0.09	-0.12	-0.56
Gross Margin	-66.40%	-61.11%	-130.50%	-261.91%	-195.82%	-
Operating Margin	-571.65%	-594.87%	-1156.79%	-2121.44%	-1695.74%	-8585.99%
Profit Margin	-656.06%	-468.14%	-1210.94%	-934.50%	-1262.27%	-12015.69%
Free Cash Flow Margin	-608.67%	-622.04%	-1018.52%	-2011.96%	-1675.30%	-7758.26%
EBITDA	-29.39	-26.25	-24.97	-20.06	-19.33	-28.8
D&A For EBITDA	0.34	0.4	0.52	1.22	2.16	1.86
EBIT	-29.73	-26.64	-25.48	-21.28	-21.49	-30.65
Revenue as Reported	5.87	5.08	2.5	3.23	5.25	0.98

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.