Financials in USD. Standardized financial statements.
A compact view of how Northern Ocean Ltd. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue? | $279.30M | $263.53M | $235.16M | $21.66M | $67.78M | $94.61M | $14.05M |
| Revenue Growth? | +6.0% | +12.1% | +985.6% | -68.0% | -28.4% | +573.5% | 0.0% |
| Cost of Revenue? | $304.27M | $267.05M | $252.97M | $77.64M | $102.20M | $113.80M | $19.01M |
| Gross Profit? | -$24.97M | -$3.53M | -$17.81M | -$55.98M | -$34.42M | -$19.19M | -$4.96M |
| Gross Margin? | -8.9% | -1.3% | -7.6% | -258.4% | -50.8% | -20.3% | -35.3% |
| Operating Expenses? | $20.89M | $6.68M | $5.77M | $7.98M | $15.59M | $4.50M | $1.41M |
| Operating Income? | -$45.86M | -$10.21M | -$23.59M | -$63.96M | -$50.01M | -$23.69M | -$6.37M |
| EBITDA? | $10.90M | $42.97M | $20.75M | -$24.44M | -$9.37M | $7.29M | -$4.16M |
| Income Before Tax | -$100.54M | -$63.26M | -$68.14M | -$92.50M | -$71.67M | -$38.36M | -$9.16M |
| Income Tax Expense | $2.13M | $2.40M | $2.76M | $388,000 | -$3.07M | -$1.85M | -$931,000 |
| Net Income? | -$102.67M | -$65.66M | -$70.90M | -$92.89M | -$11.03M | -$36.51M | -$8.23M |
| EPS? | $-0.34 | $-0.23 | $-0.39 | $-0.80 | $-0.17 | $-0.39 | $-1.43 |
| Diluted EPS? | $-0.34 | $-0.23 | $-0.39 | $-0.80 | $-0.17 | $-0.39 | $-1.43 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality