Financial Statements — NAT
Balance Sheet
(in billions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 0.05 | 0.04 | 0.03 | 0.06 | 0.03 | 0.06 | 0.05 |
| Accounts Receivable | 0.02 | 0.02 | 0.03 | 0.02 | -- | -- | -- |
| Total Current Assets | 0.15 | 0.10 | 0.11 | 0.14 | 0.11 | 0.10 | 0.13 |
| Property, Plant & Equipment | -- | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-current Assets | 0.75 | 0.72 | 0.77 | 0.74 | 0.74 | 0.87 | 0.90 |
| Total Assets | 0.90 | 0.82 | 0.88 | 0.88 | 0.85 | 0.97 | 1.03 |
| Accounts Payable | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.01 |
| Total Current Liabilities | 0.07 | 0.06 | 0.07 | 0.07 | 0.07 | 0.04 | 0.06 |
| Long-term Debt | 0.39 | 0.25 | 0.27 | 0.27 | 0.28 | 0.33 | 0.38 |
| Total Non-current Liabilities | 0.39 | 0.25 | 0.27 | 0.27 | 0.29 | 0.34 | 0.38 |
| Total Liabilities* | 0.46 | 0.31 | 0.34 | 0.34 | 0.35 | 0.38 | 0.44 |
| Retained Earnings | 0.00 | (0.01) | (0.06) | (0.16) | (0.17) | 0.00 | (0.01) |
| Total Stockholder Equity | 0.45 | 0.51 | 0.54 | 0.54 | 0.50 | 0.60 | 0.60 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 291.69 | 349.74 | 391.69 | 339.34 | 191.08 | 354.62 | 317.22 |
| Cost of Revenue | 109.88 | 124.65 | 129.51 | 170.52 | 128.26 | 121.09 | 141.77 |
| Gross Profit | 181.81 | 225.10 | 262.18 | 168.83 | 62.81 | 233.53 | 175.45 |
| Selling, General & Admin | 28.14 | 28.83 | 22.89 | 18.80 | 15.62 | 17.59 | 13.48 |
| Total Operating Expenses | 135.47 | 147.79 | 134.29 | 126.96 | 207.28 | 152.30 | 143.48 |
| Operating Income | 46.35 | 77.31 | 127.89 | 41.87 | (144.46) | 81.23 | 31.97 |
| Interest Expense | -- | -- | 30.50 | 27.06 | 26.38 | 31.48 | 38.39 |
| Pretax Income | 12.32 | 46.63 | 98.83 | 15.12 | (171.27) | 50.10 | (10.28) |
| Tax Provision | 0.05 | (0.01) | 0.12 | 0.02 | 0.06 | 0.06 | 0.07 |
| Net Income | 12.27 | 46.64 | 98.71 | 15.10 | (171.33) | 50.03 | (10.35) |
| Basic EPS | 0.06 | 0.22 | 0.47 | 0.07 | (1.05) | 0.34 | (0.07) |
| Diluted EPS | 0.06 | 0.22 | 0.47 | 0.07 | (1.05) | 0.34 | (0.07) |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 19.82 | 128.16 | 139.45 | 24.13 | (44.46) | 110.94 | 52.86 |
| Capital Expenditures | 0.00 | 1.75 | 0.14 | 0.00 | 0.59 | 0.23 | 0.00 |
| Free Cash Flow* | 19.82 | 126.41 | 139.30 | 24.13 | (45.05) | 110.71 | 52.86 |
| Investing Cash Flow | (87.70) | (2.62) | (73.67) | (14.34) | (3.46) | (17.48) | (2.32) |
| Financing Cash Flow | 68.99 | (115.05) | (95.67) | 9.01 | 30.51 | (93.07) | (38.25) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | FY
2025 | FY
2024 | FY
2019 |
|---|
| Dividends Per Share | 0.36 | 0.40 | 0.10 |
