Dampskibsselskabet Norden Income Statement

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

Millions USD. 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
Operating Revenue	3,126	4,040	3,692	5,312	3,552
Revenue	3,126	4,040	3,692	5,312	3,552
Revenue Growth (YoY)	-22.63%	9.43%	-30.50%	49.57%	36.72%
Cost of Revenue	2,660	3,550	2,914	3,974	2,909
Gross Profit	465.4	490.1	777.8	1,338	642.9
Selling, General & Admin	99.5	74.4	116.8	206.8	117.4
Other Operating Expenses	-18.1	-16.5	-17.6	-27.7	-6.7
Operating Expenses	377.2	371.2	433.2	619.9	391.8
Operating Income	88.2	118.9	344.6	718.3	251.1
Interest Expense	-37	-41.8	-53.2	-50.5	-35
Interest & Investment Income	11.1	18	35.6	12.3	0.3
Earnings From Equity Investments	-0.1	-0.1	-0.8	2.8	1.1
Currency Exchange Gain (Loss)	5.6	-4.4	4.5	-1.2	-
Other Non Operating Income (Expenses)	0.7	-0.3	1.7	-0.3	-0.1
EBT Excluding Unusual Items	68.5	90.3	332.4	681.4	217.4
Gain (Loss) on Sale of Assets	70.3	82	79	79.4	7.7
Asset Writedown	-	1.3	-1.2	-8.9	-14.4
Pretax Income	138.8	173.6	410.2	751.9	210.7
Income Tax Expense	18.5	10.9	10.1	8.4	6.2
Net Income	120.3	162.7	400.1	743.5	204.5
Net Income to Common	120.3	162.7	400.1	743.5	204.5
Net Income Growth	-26.06%	-59.34%	-46.19%	263.57%	137.79%
Shares Outstanding (Basic)	29	31	32	35	38
Shares Outstanding (Diluted)	29	31	32	35	38
Shares Change (YoY)	-4.42%	-5.44%	-8.04%	-6.38%	-3.09%
EPS (Basic)	4.12	5.32	12.38	21.19	5.45
EPS (Diluted)	4.10	5.30	12.30	21.10	5.40
EPS Growth	-22.64%	-56.91%	-41.71%	290.74%	143.50%
Free Cash Flow	-251.9	-56.1	321.1	1,015	186
Free Cash Flow Per Share	-8.59	-1.83	9.89	28.75	4.93
Dividend Per Share	1.258	1.111	6.673	12.931	2.753
Dividend Growth	13.25%	-83.36%	-48.39%	369.67%	86.14%
Gross Margin	14.89%	12.13%	21.07%	25.19%	18.10%
Operating Margin	2.82%	2.94%	9.33%	13.52%	7.07%
Profit Margin	3.85%	4.03%	10.84%	14.00%	5.76%
Free Cash Flow Margin	-8.06%	-1.39%	8.70%	19.10%	5.24%
EBITDA	130.5	163.1	383.7	756.5	294.5
EBITDA Margin	4.17%	4.04%	10.39%	14.24%	8.29%
D&A For EBITDA	42.3	44.2	39.1	38.2	43.4
EBIT	88.2	118.9	344.6	718.3	251.1
EBIT Margin	2.82%	2.94%	9.33%	13.52%	7.07%
Effective Tax Rate	13.33%	6.28%	2.46%	1.12%	2.94%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.