Norse Atlantic ASA 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
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
Revenue	672.98	588.11	439.44	104.27	-
Revenue Growth (YoY)	24.03%	33.83%	321.44%	-	-
Cost of Revenue	517.38	502.39	419.07	173.54	5.48
Gross Profit	155.61	85.72	20.37	-69.27	-5.48
Selling, General & Admin	45.35	47.66	37.49	15.63	2.84
Other Operating Expenses	49.23	47.15	34	2.69	-
Operating Expenses	177.73	182.73	155.59	76.83	3.19
Operating Income	-22.12	-97.02	-135.22	-146.1	-8.67
Interest Expense	-39.35	-39.02	-34.98	-24.42	-
Interest & Investment Income	-	-	-	-	0.26
Currency Exchange Gain (Loss)	-0.71	-0.53	-0.53	-4.43	0.83
Other Non Operating Income (Expenses)	1.26	1.49	2.13	0.87	-0.06
EBT Excluding Unusual Items	-60.92	-135.08	-168.6	-174.08	-7.63
Gain (Loss) on Sale of Investments	-	-	-	-0.89	-
Pretax Income	-60.92	-135.08	-168.6	-174.97	-7.63
Income Tax Expense	0.66	0.38	0.14	-	-
Net Income	-61.59	-135.45	-168.75	-174.97	-7.63
Net Income to Common	-61.59	-135.45	-168.75	-174.97	-7.63
Shares Outstanding (Basic)	140	129	67	21	19
Shares Outstanding (Diluted)	140	129	67	21	19
Shares Change (YoY)	35.85%	91.59%	219.90%	8.60%	-
EPS (Basic)	-0.44	-1.05	-2.50	-8.30	-0.39
EPS (Diluted)	-0.44	-1.05	-2.50	-8.30	-0.39
Free Cash Flow	93.04	33.22	-24.52	-83.28	-29.03
Free Cash Flow Per Share	0.67	0.26	-0.36	-3.95	-1.50
Gross Margin	23.12%	14.57%	4.63%	-66.43%	-
Operating Margin	-3.29%	-16.50%	-30.77%	-140.12%	-
Profit Margin	-9.15%	-23.03%	-38.40%	-167.81%	-
Free Cash Flow Margin	13.83%	5.65%	-5.58%	-79.87%	-
EBITDA	-20.72	-95.7	-134.48	-146.04	-8.32
EBITDA Margin	-3.08%	-16.27%	-30.60%	-140.06%	-
D&A For EBITDA	1.4	1.32	0.75	0.07	0.34
EBIT	-22.12	-97.02	-135.22	-146.1	-8.67
EBIT Margin	-3.29%	-16.50%	-30.77%	-140.12%	-

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