Nordic American Tankers Reports Q2 2025 Net Loss of $0.9 Million, Adjusted EBITDA Slightly Improves to $15.8 Million

Reuters
2025/09/04
Nordic American Tankers Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Net Loss of $0.9 Million, Adjusted EBITDA Slightly Improves to $15.8 Million

Nordic American Tankers Limited reported its financial results for the second quarter of 2025, revealing a net loss of $0.9 million, a decline from a net profit of $4.2 million in the first quarter of the same year. The quarter's financial performance was adversely impacted by fleet adjustments, including a busy scheduled dry-docking program and changes in the fleet composition, which reduced available trading days. The company's net voyage revenue for the second quarter of 2025 was $40.2 million, an increase from $37.9 million in the first quarter of 2025. The adjusted EBITDA showed a slight improvement, reaching $15.8 million, compared to $14.9 million in the preceding quarter. A notable element in the second quarter's results was the book profit of $7.1 million from the sale of the vessel "Nordic Castor," whereas the first quarter had a higher book profit of $9.5 million from the sale of "Nordic Apollo." The company emphasized the importance of timing and financing of expansion to maintain financial stability and commitment to cash dividends, although specific future guidance was not disclosed in the report.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nordic American Tankers Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000919574-25-005538), on September 03, 2025, and is solely responsible for the information contained therein.

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