Nordic American Tankers Limited (0UC0.L)

Name: Nordic American Tankers Limited Financial Statements
Creator: Quarter Results

Energy | Oil Gas Energy

Latest reporting period: 2025-09-30

Latest Quarter

2025-09-30

Revenue

$75.0M

Net Income

-$2.8M

Operating Margin

9.0%

Free Cash Flow

$126M

Debt / Assets

37.8%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Nordic American Tankers Limited (0UC0.L).
Income Statement (Quarterly)	2025-09-30	2025-06-30	2025-03-31	2024-12-31
Revenue	74,999,000	66,727,999	64,790,000	46,389,000
Cost of Revenue	61,178,000	59,919,000	56,594,000	14,708,000
Gross Profit	13,821,000	6,808,999	8,196,000	31,681,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	7,037,000	6,375,000	6,848,000	9,056,000
Operating Expenses	7,037,000	6,375,000	6,848,000	22,926,000
Operating Income	6,784,000	434,000	1,348,000	8,755,000
Interest Expense	9,823,000	9,239,000	7,359,000	7,097,000
Income Before Tax	-2,781,000	-852,000	4,246,000	1,295,000
Income Tax Expense	0	0	0	-10,000
Net Income	-2,781,000	-852,000	4,246,000	1,295,000
Per Share
EPS	-0.01	0.00	0.02	0.01
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Nordic American Tankers Limited (0UC0.L).
Income Statement (Annual)	2024-12-31	2023-12-31	2022-12-31
Revenue	349,742,000	391,687,000	339,340,000
Cost of Revenue	243,606,000	240,907,000	284,366,000
Gross Profit	106,136,000	150,780,000	54,974,000
Operating Expenses
R&D Expenses	0	0	0
SG&A Expenses	28,825,000	22,890,000	18,798,000
Operating Expenses	28,825,000	22,890,000	18,798,000
Operating Income	77,311,000	127,890,000	36,176,000
Interest Expense	30,739,000	30,498,000	27,855,000
Income Before Tax	46,633,000	98,831,000	15,124,000
Income Tax Expense	-10,000	120,000	23,000
Net Income	46,643,000	98,711,000	15,101,000
Per Share
EPS	0.22	0.47	0.07
EPS Diluted	0.00	0.00	0.00

Balance sheet quarterly history for Nordic American Tankers Limited (0UC0.L).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	39,177,000	31,078,000	63,302,000
Short Term Investments	0	0	0
Net Receivables	16,223,000	26,287,000	20,474,000
Inventory	28,501,000	42,361,000	49,427,000
Total Current Assets	98,771,000	108,910,000	142,662,000
Property Plant Equipment	715,273,000	770,131,000	737,073,000
Goodwill and Intangibles	0	0	0
Total Assets	817,587,000	879,196,000	879,883,000
Liabilities
Account Payables	4,257,000	3,446,000	6,960,000
Short Term Debt	21,560,000	31,898,000	39,700,000
Total Current Liabilities	59,785,000	70,478,000	72,414,000
Long Term Debt	248,144,000	269,697,000	266,337,000
Total Liabilities	308,774,000	340,892,000	339,901,000
Shareholders Equity
Retained Earnings	-10,873,000	-57,516,000	-156,227,000
Total Shareholders Equity	508,813,000	538,304,000	539,982,000

Balance sheet annual history for Nordic American Tankers Limited (0UC0.L).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	39,177,000	31,078,000	63,302,000
Short Term Investments	0	0	0
Net Receivables	16,223,000	26,287,000	20,474,000
Inventory	28,501,000	42,361,000	49,427,000
Total Current Assets	98,771,000	108,910,000	142,662,000
Property Plant Equipment	715,273,000	770,131,000	737,073,000
Goodwill and Intangibles	0	0	0
Total Assets	817,587,000	879,196,000	879,883,000
Liabilities
Account Payables	4,257,000	3,446,000	6,960,000
Short Term Debt	21,560,000	31,898,000	39,700,000
Total Current Liabilities	59,785,000	70,478,000	72,414,000
Long Term Debt	248,144,000	269,697,000	266,337,000
Total Liabilities	308,774,000	340,892,000	339,901,000
Shareholders Equity
Retained Earnings	-10,873,000	-57,516,000	-156,227,000
Total Shareholders Equity	508,813,000	538,304,000	539,982,000

Cash flow quarterly history for Nordic American Tankers Limited (0UC0.L).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	46,643,000	98,711,000	15,101,000
Depreciation & Amortization	57,001,000	51,397,000	50,421,000
Stock Based Compensation	1,847,000	2,203,000	476,000
Change in Working Capital	21,161,000	-4,666,000	-31,631,000
Operating Cash Flow	128,158,000	139,445,000	24,134,000
Investing Activities
Capital Expenditure	-2,620,000	-73,670,000	-95,417,000
Investments	-2,620,000	-73,670,000	-95,417,000
Investing Cash Flow	-2,620,000	-73,670,000	-14,343,000
Financing Activities
Debt Repayment	-32,741,000	-5,220,000	-17,409,000
Common Stock Issued/Repurchased	5,385,000	0	17,409,000
Dividends Paid	-87,695,000	-89,783,000	-22,682,000
Financing Cash Flow	-115,051,000	-95,672,000	9,005,000
Summary
Free Cash Flow	125,538,000	65,775,000	-71,283,000
Net Change in Cash	11,023,000	-29,941,000	18,654,000

Cash flow annual history for Nordic American Tankers Limited (0UC0.L).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	46,643,000	98,711,000	15,101,000
Depreciation & Amortization	57,001,000	51,397,000	50,421,000
Stock Based Compensation	1,847,000	2,203,000	476,000
Change in Working Capital	21,161,000	-4,666,000	-31,631,000
Operating Cash Flow	128,158,000	139,445,000	24,134,000
Investing Activities
Capital Expenditure	-2,620,000	-73,670,000	-95,417,000
Investments	-2,620,000	-73,670,000	-95,417,000
Investing Cash Flow	-2,620,000	-73,670,000	-14,343,000
Financing Activities
Debt Repayment	-32,741,000	-5,220,000	-17,409,000
Common Stock Issued/Repurchased	5,385,000	0	17,409,000
Dividends Paid	-87,695,000	-89,783,000	-22,682,000
Financing Cash Flow	-115,051,000	-95,672,000	9,005,000
Summary
Free Cash Flow	125,538,000	65,775,000	-71,283,000
Net Change in Cash	11,023,000	-29,941,000	18,654,000