Nordic American Tankers Limited has announced its financial results for the first quarter of 2025. The company reported a net income of $4.2 million, bolstered by a book profit of $9.5 million from the sale of the vessel "Nordic Apollo." This marks an improvement from the previous quarter's net income of $1.3 million. Earnings per share for the quarter stood at $0.02. The average time charter equivalent (TCE) for the fleet was $24,714 per day per ship, measured on a discharge-to-discharge basis. Net voyage revenue for the quarter was reported at $37.9 million, compared to $46.4 million in the last quarter of 2024. The company's adjusted EBITDA for the first quarter of 2025 was $14.9 million, down from $22.1 million in the previous quarter. Nordic American Tankers Limited operates a fleet of 19 Suezmax tankers, with 14 currently in the spot market. The company remains committed to maintaining its financial stability and dividend potential, emphasizing the importance of careful fleet maintenance and strategic expansion. The company has not provided specific guidance or outlook for the upcoming periods.