Financials Nordic American Tankers Limited

Equities

NAT

BMG657731060

Oil & Gas Transportation Services

Real-time Estimate Cboe BZX Other stock markets 17:12:14 15/01/2026 GMT			5-day change	1st Jan Change
3.995 ^USD	-1.60%		+2.18%	+15.84%

12-18	Nordic American Tankers to Sell Two Suezmax Tankers	MT
11-28	Nordic American Tankers Limited Announces Cash Dividend for the Third Quarter of 2025, Payable on December 22, 2025	CI

Projected Income Statement: Nordic American Tankers Limited

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	233.5	67.5	168.8	262.2	225.1	196	248.5
Change	-	-71.1%	150.13%	55.3%	-14.14%	-12.94%	26.81%
EBITDA ¹	149.1	-16.29	86.89	179.3	133.5	99.6	151.1
Change	-	-110.93%	633.44%	106.37%	-25.53%	-25.41%	51.74%
EBIT ¹	81.23	-84.15	41.87	127.9	77.31	48.8	88.85
Change	-	-203.6%	149.75%	205.47%	-39.55%	-36.88%	82.07%
Interest Paid ¹	-31.48	-26.38	-27.06	-30.5	-30.74	-36.64	-37.54
Earnings before Tax (EBT)	50.03	-	-	-	-	-	-
Change	-	-	-	-	-	-	-
Net income ¹	50.03	-119.4	15.1	98.71	46.64	20.36	45.31
Change	-	-338.69%	112.64%	553.67%	-52.75%	-56.35%	122.53%
Announcement Date	26/02/21	25/02/22	27/02/23	29/02/24	28/02/25	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	86.18	93.77	37.29	16.29	18.81	16.75	9.313	22.62	15.52	34.75	47.38	71.1	87.09	67.8	48.04	59.25	60.57	66.1	52.04	46.39	37.94	47.04	52.89	72.17	-	-	-	-
Change	-	8.81%	-60.24%	-56.3%	15.45%	-10.97%	-44.39%	142.94%	-31.4%	123.89%	36.35%	50.05%	22.5%	-22.16%	-29.15%	23.35%	2.22%	9.12%	-21.28%	-10.85%	-18.2%	23.96%	12.44%	36.45%	-	-	-	-
EBITDA ¹	64.9	73.77	15.64	-5.279	-1.303	-4.643	-12.27	1.9	-7.719	14.2	29.59	51.15	67.67	47.24	27.11	37.94	37.06	43.17	30.45	22.13	14.86	27.75	27.46	47.52	48.1	35.4	31	46.2
Change	-	13.66%	-78.8%	-133.76%	75.32%	-256.33%	-164.18%	115.49%	-506.26%	283.96%	108.35%	72.88%	32.3%	-30.19%	-42.62%	39.97%	-2.34%	16.49%	-29.46%	-27.31%	-32.87%	86.79%	-1.06%	73.04%	1.23%	-26.4%	-12.43%	49.03%
EBIT ¹	47.63	57.65	-1.733	-22.32	-18.38	-21.76	-29.77	-14.24	-19.64	1.916	17.14	43.72	54.68	34.15	14.47	24.6	23.06	29.27	16.22	8.755	1.348	8.213	12.47	31.9	-	-	-	-
Change	-	21.04%	-103.01%	-1,188%	17.66%	-18.4%	-36.78%	52.14%	-37.9%	109.75%	794.83%	155.01%	25.05%	-37.55%	-57.63%	70.03%	-6.25%	26.93%	-44.59%	-46.02%	-84.6%	509.27%	51.89%	155.76%	-	-	-	-
Charge d'intérêts ¹	-8.404	-8.388	-8.218	-6.526	-6.678	-6.643	-6.397	-6.661	-6.081	-5.633	-7.278	-8.046	-8.034	-7.704	-7.556	-7.204	-8.051	-7.865	-7.726	-7.097	-7.359	-9.331	-10.54	-10.23	-	-	-	-
Earnings before Tax (EBT)	39.55	49.17	-10.02	-28.66	-25.03	-28.69	-44.66	-21.04	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	24.32%	-120.38%	-186.03%	12.67%	-14.61%	-55.69%	52.88%	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income ¹	39.5	49.17	-10.02	-28.66	-25.03	-28.69	-44.66	-21	-27	-4	10.01	36.03	46.91	26.79	7.487	17.5	-	21.6	8.686	1.295	4.246	5.172	2.834	19.75	-	-	-	-
Change	-	24.48%	-120.38%	-186.03%	12.67%	-14.61%	-55.69%	52.98%	-28.57%	85.19%	350.22%	260%	30.19%	-42.89%	-72.05%	133.79%	-	-	-59.79%	-85.09%	227.88%	21.81%	-45.2%	596.75%	-	-	-	-
Announcement Date	18/05/20	17/08/20	16/11/20	26/02/21	25/05/21	30/08/21	24/11/21	25/02/22	31/05/22	30/08/22	30/11/22	27/02/23	22/05/23	28/08/23	29/11/23	29/02/24	29/05/24	29/08/24	29/11/24	28/02/25	29/05/25	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Nordic American Tankers Limited

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt	-	245	-	232	210	-	-
Change	-	-	-	-	-9.48%	-	-
Announcement Date	26/02/21	25/02/22	27/02/23	29/02/24	28/02/25	-	-

Estimates

Cash Flow Forecast: Nordic American Tankers Limited

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	6.845	3.868	95.42	73.67	2.62	136.1	3.8
Change	-	-43.49%	2,366.83%	-22.79%	-96.44%	5,095.73%	-97.21%
Free Cash Flow (FCF) ¹	93.47	-47.92	-	-	-	-	-
Change	-	-151.27%	-	-	-	-	-
Announcement Date	26/02/21	25/02/22	27/02/23	29/02/24	28/02/25	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Nordic American Tankers Limited

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	-	63.83%	-24.13%	51.47%	68.39%	59.32%	50.83%	60.82%
EBIT Margin (%)	-	34.78%	-124.68%	24.8%	48.78%	34.35%	24.9%	35.75%
EBT Margin (%)	-	21.42%	-	-	-	-	-	-
Net margin (%)	-	21.42%	-176.93%	8.94%	37.65%	20.72%	10.39%	18.23%
FCF margin (%)	-	40.02%	-71%	-	-	-	-	-
FCF / Net Income (%)	-	186.81%	40.13%	-	-	-	-	-
Profitability
ROA	1.9%	5.06%	-6.08%	2.61%	9.09%	5.7%	-	-
ROE	-1.73%	8.38%	-31.23%	2.91%	18.31%	8.91%	-	-
Financial Health
Leverage (Debt/EBITDA)	-	-	-15.06x	-	1.29x	1.57x	-	-
Debt / Free cash flow	-	-	-5.12x	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	-	2.93%	5.73%	56.52%	28.1%	1.16%	69.47%	1.53%
CAPEX / EBITDA (%)	-	4.59%	-23.75%	109.82%	41.09%	1.96%	136.67%	2.51%
CAPEX / FCF (%)	-	7.32%	-8.07%	-	-	-	-	-
Items per share
Cash flow per share ¹	-	0.7326	-0.2735	0.1195	0.6679	0.5885	-	-
Change	-	-	-137.33%	143.69%	458.91%	-11.89%	-	-
Dividend per Share ¹	-	0.45	0.05	0.11	0.46	0.34	-	-
Change	-	-	-88.89%	120%	318.18%	-26.09%	-	-
Book Value Per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
EPS ¹	-	0.34	-0.73	0.07	0.47	0.22	0.1	0.245
Change	-	-	-314.71%	109.59%	571.43%	-53.19%	-54.55%	145%
Nbr of stocks (in thousands)	-	151,163	180,819	208,796	208,796	208,796	211,751	211,751
Announcement Date	-	26/02/21	25/02/22	27/02/23	29/02/24	28/02/25	-	-