Nordic American Tankers Limited (NAT)

Nordic American Tankers Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	301.17	349.74	391.69	339.34	191.08	354.62
Revenue Growth (YoY)	-17.32%	-10.71%	15.43%	77.59%	-46.12%	11.79%
Cost of Revenue	190	187.46	189.51	233.95	195.94	187.97
Gross Profit	111.17	162.29	202.18	105.4	-4.86	166.65
Selling, General & Admin	28.11	28.83	22.89	18.8	15.62	17.59
Operating Expenses	84.41	84.98	74.29	69.22	83.97	85.42
Operating Income	26.76	77.31	127.89	36.18	-88.84	81.23
Interest Expense	-31.42	-30.74	-30.5	-27.06	-26.38	-31.48
Interest & Investment Income	1.19	0.73	1.3	0.27	0	0.1
Other Non Operating Income (Expenses)	0.22	-0.67	0.14	0.05	-0.43	0.26
EBT Excluding Unusual Items	-3.26	46.63	98.83	9.43	-115.64	50.1
Gain (Loss) on Sale of Assets	16.62	-	-	6.01	-	-
Asset Writedown	-	-	-	-0.31	-60.31	-
Pretax Income	13.37	46.63	98.83	15.12	-171.27	50.1
Income Tax Expense	-0.01	-0.01	0.12	0.02	0.06	0.06
Net Income	13.38	46.64	98.71	15.1	-171.33	50.03
Net Income to Common	13.38	46.64	98.71	15.1	-171.33	50.03
Net Income Growth	-78.31%	-52.75%	553.67%	-	-	-
Shares Outstanding (Basic)	211	209	209	202	163	149
Shares Outstanding (Diluted)	211	210	209	202	163	149
Shares Change (YoY)	1.02%	0.52%	3.36%	24.29%	8.88%	4.71%
EPS (Basic)	0.06	0.22	0.47	0.07	-1.05	0.34
EPS (Diluted)	0.06	0.22	0.47	0.07	-1.05	0.34
EPS Growth	-78.95%	-53.19%	571.43%	-	-	-
Free Cash Flow	-77.88	125.54	65.78	-71.28	-62.19	92.87
Free Cash Flow Per Share	-0.37	0.60	0.32	-0.35	-0.38	0.62
Dividend Per Share	0.270	0.340	0.460	0.250	0.050	0.400
Dividend Growth	-35.71%	-26.09%	84.00%	400.00%	-87.50%	207.69%
Gross Margin	36.91%	46.40%	51.62%	31.06%	-2.54%	46.99%
Operating Margin	8.88%	22.11%	32.65%	10.66%	-46.49%	22.91%
Profit Margin	4.44%	13.34%	25.20%	4.45%	-89.66%	14.11%
Free Cash Flow Margin	-25.86%	35.89%	16.79%	-21.01%	-32.55%	26.19%
EBITDA	83.05	133.46	179.29	86.6	-20.48	149.06
EBITDA Margin	27.58%	38.16%	45.77%	25.52%	-10.72%	42.03%
D&A For EBITDA	56.3	56.15	51.4	50.42	68.35	67.83
EBIT	26.76	77.31	127.89	36.18	-88.84	81.23
EBIT Margin	8.88%	22.11%	32.65%	10.66%	-46.49%	22.91%
Effective Tax Rate	-	-	0.12%	0.15%	-	0.13%

Updated May 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q