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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	327.12	349.74	391.69	339.34	191.08	354.62
Revenue Growth (YoY)	-10.42%	-10.71%	15.43%	77.59%	-46.12%	11.79%
Cost of Revenue	188.44	187.46	189.51	233.95	195.94	187.97
Gross Profit	138.68	162.29	202.18	105.4	-4.86	166.65
Selling, General & Admin	27.82	28.83	22.89	18.8	15.62	17.59
Operating Expenses	83.08	84.98	74.29	69.22	83.97	85.42
Operating Income	55.6	77.31	127.89	36.18	-88.84	81.23
Interest Expense	-30.05	-30.74	-30.5	-27.06	-26.38	-31.48
Interest & Investment Income	1.03	0.73	1.3	0.27	0	0.1
Other Non Operating Income (Expenses)	-0.26	-0.67	0.14	0.05	-0.43	0.26
EBT Excluding Unusual Items	26.32	46.63	98.83	9.43	-115.64	50.1
Gain (Loss) on Sale of Assets	9.5	-	-	6.01	-	-
Asset Writedown	-	-	-	-0.31	-60.31	-
Pretax Income	35.82	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	35.83	46.64	98.71	15.1	-171.33	50.03
Net Income to Common	35.83	46.64	98.71	15.1	-171.33	50.03
Net Income Growth	-46.40%	-52.75%	553.67%	-	-	-
Shares Outstanding (Basic)	210	209	209	202	163	149
Shares Outstanding (Diluted)	211	210	209	202	163	149
Shares Change (YoY)	0.87%	0.52%	3.36%	24.29%	8.88%	4.71%
EPS (Basic)	0.17	0.22	0.47	0.07	-1.05	0.34
EPS (Diluted)	0.17	0.22	0.47	0.07	-1.05	0.34
EPS Growth	-47.11%	-53.19%	571.43%	-	-	-
Free Cash Flow	73.78	125.54	65.78	-71.28	-62.19	92.87
Free Cash Flow Per Share	0.35	0.60	0.32	-0.35	-0.38	0.62
Dividend Per Share	0.290	0.340	0.460	0.250	0.050	0.400
Dividend Growth	-32.56%	-26.09%	84.00%	400.00%	-87.50%	207.69%
Gross Margin	42.39%	46.40%	51.62%	31.06%	-2.54%	46.99%
Operating Margin	17.00%	22.11%	32.65%	10.66%	-46.49%	22.91%
Profit Margin	10.95%	13.34%	25.20%	4.45%	-89.66%	14.11%
Free Cash Flow Margin	22.55%	35.89%	16.79%	-21.01%	-32.55%	26.19%
EBITDA	110.86	133.46	179.29	86.6	-20.48	149.06
EBITDA Margin	33.89%	38.16%	45.77%	25.52%	-10.72%	42.03%
D&A For EBITDA	55.26	56.15	51.4	50.42	68.35	67.83
EBIT	55.6	77.31	127.89	36.18	-88.84	81.23
EBIT Margin	17.00%	22.11%	32.65%	10.66%	-46.49%	22.91%
Effective Tax Rate	-	-	0.12%	0.15%	-	0.13%

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q