Nordic American Tankers Limited (0UC0.L)

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

Energy | Oil Gas Energy

Latest reporting period: 2025-12-31

Latest Quarter

2025-12-31

Revenue

$85.9M

Net Income

$11.7M

Operating Margin

23.8%

Free Cash Flow

-$117M

Debt / Assets

50.6%

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)	2025-12-31	2025-09-30	2025-06-30	2025-03-31
Revenue	85,903,000	74,999,000	66,727,999	64,790,000
Cost of Revenue	56,860,000	61,178,000	59,919,000	56,594,000
Gross Profit	29,043,000	13,821,000	6,808,999	8,196,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	8,612,000	7,037,000	6,375,000	6,848,000
Operating Expenses	8,612,000	7,037,000	6,375,000	6,848,000
Operating Income	20,431,000	6,784,000	434,000	1,348,000
Interest Expense	9,332,000	9,823,000	9,239,000	7,359,000
Income Before Tax	11,660,000	-2,781,000	-852,000	4,246,000
Income Tax Expense	0	0	0	0
Net Income	11,660,000	-2,781,000	-852,000	4,246,000
Per Share
EPS	0.06	-0.01	0.00	0.02
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Nordic American Tankers Limited (0UC0.L).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue	292,420,000	349,742,000	391,687,000	339,340,000
Cost of Revenue	234,553,000	243,606,000	240,907,000	284,366,000
Gross Profit	57,867,000	106,136,000	150,780,000	54,974,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	28,873,000	28,825,000	22,890,000	18,798,000
Operating Expenses	28,873,000	28,825,000	22,890,000	18,798,000
Operating Income	28,994,000	77,311,000	127,890,000	36,176,000
Interest Expense	35,752,000	30,739,000	30,498,000	27,855,000
Income Before Tax	12,270,000	46,633,000	98,831,000	15,124,000
Income Tax Expense	0	-10,000	120,000	23,000
Net Income	12,270,000	46,643,000	98,711,000	15,101,000
Per Share
EPS	0.06	0.22	0.47	0.07
EPS Diluted	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Nordic American Tankers Limited (0UC0.L).
Balance Sheet (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	45,863,000	39,177,000	31,078,000	63,302,000
Short Term Investments	0	0	0	0
Net Receivables	19,039,000	16,223,000	26,287,000	20,474,000
Inventory	37,496,000	28,501,000	42,361,000	49,427,000
Total Current Assets	150,868,000	98,771,000	108,910,000	142,662,000
Property Plant Equipment	748,207,000	715,273,000	770,131,000	737,073,000
Goodwill and Intangibles	0	0	0	0
Total Assets	902,164,000	817,587,000	879,196,000	879,883,000
Liabilities
Account Payables	2,528,000	4,257,000	3,446,000	6,960,000
Short Term Debt	35,404,000	21,560,000	31,898,000	39,700,000
Total Current Liabilities	67,420,000	59,785,000	70,478,000	72,414,000
Long Term Debt	388,740,000	248,144,000	269,697,000	266,337,000
Total Liabilities	456,643,000	308,774,000	340,892,000	339,901,000
Shareholders Equity
Retained Earnings	0	-10,873,000	-57,516,000	-156,227,000
Total Shareholders Equity	445,521,000	508,813,000	538,304,000	539,982,000

Balance sheet annual history for Nordic American Tankers Limited (0UC0.L).
Balance Sheet (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Assets
Cash and Cash Equivalents	45,863,000	39,177,000	31,078,000	63,302,000
Short Term Investments	0	0	0	0
Net Receivables	19,039,000	16,223,000	26,287,000	20,474,000
Inventory	37,496,000	28,501,000	42,361,000	49,427,000
Total Current Assets	150,868,000	98,771,000	108,910,000	142,662,000
Property Plant Equipment	748,207,000	715,273,000	770,131,000	737,073,000
Goodwill and Intangibles	0	0	0	0
Total Assets	902,164,000	817,587,000	879,196,000	879,883,000
Liabilities
Account Payables	2,528,000	4,257,000	3,446,000	6,960,000
Short Term Debt	35,404,000	21,560,000	31,898,000	39,700,000
Total Current Liabilities	67,420,000	59,785,000	70,478,000	72,414,000
Long Term Debt	388,740,000	248,144,000	269,697,000	266,337,000
Total Liabilities	456,643,000	308,774,000	340,892,000	339,901,000
Shareholders Equity
Retained Earnings	0	-10,873,000	-57,516,000	-156,227,000
Total Shareholders Equity	445,521,000	508,813,000	538,304,000	539,982,000

Cash flow quarterly history for Nordic American Tankers Limited (0UC0.L).
Cash Flow Statement (Quarterly)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	12,270,000	46,643,000	98,711,000	15,101,000
Depreciation & Amortization	57,735,000	57,001,000	51,397,000	50,421,000
Stock Based Compensation	0	1,847,000	2,203,000	476,000
Change in Working Capital	0	21,161,000	-4,666,000	-31,631,000
Operating Cash Flow	19,838,000	128,158,000	139,445,000	24,134,000
Investing Activities
Capital Expenditure	-136,450,000	-2,620,000	-73,670,000	-95,417,000
Investments	-136,450,000	-2,620,000	-73,670,000	-95,417,000
Investing Cash Flow	-89,699,000	-2,620,000	-73,670,000	-14,343,000
Financing Activities
Debt Repayment	155,679,000	-32,741,000	-5,220,000	-17,409,000
Common Stock Issued/Repurchased	0	5,385,000	0	17,409,000
Dividends Paid	-84,700,000	-87,695,000	-89,783,000	-22,682,000
Financing Cash Flow	70,979,000	-115,051,000	-95,672,000	9,005,000
Summary
Free Cash Flow	-116,612,000	125,538,000	65,775,000	-71,283,000
Net Change in Cash	1,479,000	11,023,000	-29,941,000	18,654,000

Cash flow annual history for Nordic American Tankers Limited (0UC0.L).
Cash Flow Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Operating Activities
Net Income	12,270,000	46,643,000	98,711,000	15,101,000
Depreciation & Amortization	57,735,000	57,001,000	51,397,000	50,421,000
Stock Based Compensation	0	1,847,000	2,203,000	476,000
Change in Working Capital	0	21,161,000	-4,666,000	-31,631,000
Operating Cash Flow	19,838,000	128,158,000	139,445,000	24,134,000
Investing Activities
Capital Expenditure	-136,450,000	-2,620,000	-73,670,000	-95,417,000
Investments	-136,450,000	-2,620,000	-73,670,000	-95,417,000
Investing Cash Flow	-89,699,000	-2,620,000	-73,670,000	-14,343,000
Financing Activities
Debt Repayment	155,679,000	-32,741,000	-5,220,000	-17,409,000
Common Stock Issued/Repurchased	0	5,385,000	0	17,409,000
Dividends Paid	-84,700,000	-87,695,000	-89,783,000	-22,682,000
Financing Cash Flow	70,979,000	-115,051,000	-95,672,000	9,005,000
Summary
Free Cash Flow	-116,612,000	125,538,000	65,775,000	-71,283,000
Net Change in Cash	1,479,000	11,023,000	-29,941,000	18,654,000