NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — NTIC

Balance Sheet

(in millions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	7.28	6.47	6.39	6.77	5.09	5.57	5.79	4.84	6.09	6.20	5.45	6.12	7.49	8.05	5.88	6.79	6.95
Inventory	15.84	16.51	16.11	14.92	14.99	14.34	13.24	12.54	12.59	13.90	15.18	13.87	12.98	11.44	11.31	11.21	9.84
Total Current Assets	47.77	45.22	44.62	42.60	39.62	40.30	37.90	37.33	38.27	38.15	39.60	38.97	38.60	37.27	37.23	37.52	35.48
Property, Plant & Equipment	14.86	15.92	15.80	15.46	14.81	17.05	15.68	14.96	14.26	13.81	13.45	12.07	12.34	12.19	7.18	7.14	7.22
Goodwill	4.78	4.78	4.78	4.78	4.78	4.78	4.78	4.78	4.78	4.78	4.78	4.78	4.78	4.78	--	--	--
Intangible Assets	8.31	8.40	8.59	8.46	8.67	5.57	5.80	5.93	6.04	6.28	6.41	--	--	6.28	0.75	0.78	0.78
Total Non-current Assets*	59.35	59.68	59.40	56.70	54.07	53.74	51.36	49.97	50.53	13.81	12.15	12.79	13.05	12.19	7.18	7.14	7.22
Total Assets	107.13	104.90	104.03	99.30	93.70	94.04	89.27	87.31	88.80	86.17	86.14	85.19	84.95	83.24	72.80	71.12	69.21
Accounts Payable	9.35	8.27	9.67	7.23	7.26	6.56	6.27	6.49	6.35	4.69	6.31	6.00	5.95	5.47	4.10	4.39	4.38
Total Current Liabilities	27.78	25.02	25.18	20.94	18.21	18.12	14.79	13.36	15.85	15.35	16.08	14.24	13.27	11.39	7.55	8.05	7.30
Total Non-current Liabilities	2.06	2.16	2.17	1.79	1.64	1.61	1.90	2.00	1.93	1.83	1.82	2.27	2.24	2.22	0.37	0.37	0.28
Total Liabilities*	34.30	31.61	31.66	26.95	23.95	23.82	20.41	18.95	21.51	20.72	21.35	19.96	18.88	16.95	11.43	11.65	10.83
Retained Earnings	52.02	52.29	52.42	53.47	53.44	53.67	52.60	52.28	51.24	50.72	50.32	50.71	50.36	50.82	45.92	44.46	43.74
Total Stockholder Equity	72.82	73.29	72.36	72.36	69.75	70.21	68.85	68.35	67.29	65.46	64.79	65.22	66.07	66.29	61.37	59.46	58.37

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021
Total Revenue	24.22	22.00	23.31	22.32	21.51	19.07	21.34	23.35	20.69	20.84	20.18	20.71	20.97	18.27	20.25	18.96	16.75	18.19	15.51	15.42
Cost of Revenue	16.07	14.14	14.93	13.86	13.25	12.28	13.18	13.13	12.79	12.50	12.85	13.14	13.39	11.97	14.11	12.72	11.76	12.49	9.92	10.15
Gross Profit	8.14	7.86	8.38	8.46	8.26	6.80	8.16	10.22	7.89	8.34	7.33	7.57	7.58	6.30	6.14	6.24	4.98	5.70	5.59	5.27
Research & Development	1.21	1.18	1.22	1.27	1.14	1.29	1.34	1.21	1.25	1.24	1.11	1.29	1.28	1.14	1.22	1.10	1.22	1.24	1.18	1.07
Selling, General & Admin	4.32	3.61	4.15	3.12	4.15	3.66	3.86	3.92	3.50	3.24	3.52	3.70	3.21	3.13	2.92	2.56	2.52	2.60	2.14	2.07
Total Operating Expenses	10.18	9.50	9.74	9.70	9.67	8.82	9.47	9.49	8.98	8.61	8.31	9.28	8.38	7.87	7.52	7.11	6.71	7.07	6.59	6.31
Operating Income	0.52	0.38	0.93	0.93	0.87	(0.33)	1.11	2.76	1.52	2.21	1.38	2.47	1.91	0.81	1.61	1.82	0.45	1.27	2.26	2.58
Interest Expense	--	--	--	--	--	0.14	0.12	0.09	0.06	0.08	0.11	0.12	0.14	0.12	0.06	0.02	0.01	0.00	0.01	--
Pretax Income*	0.13	0.04	0.50	0.04	0.53	0.71	0.78	2.31	1.31	1.99	1.12	1.45	1.60	0.59	1.26	1.60	0.33	5.00	2.18	2.33
Tax Provision	0.39	0.08	0.27	1.14	0.41	0.28	0.22	0.48	0.33	0.29	0.23	0.51	0.54	0.18	0.61	0.60	0.15	0.50	0.53	0.28
Net Income	(0.26)	(0.04)	0.24	(1.10)	0.12	0.43	0.56	1.84	0.98	1.70	0.90	0.94	1.06	0.41	0.65	1.00	0.18	4.49	1.65	2.05
Basic EPS	(0.03)	0.00	0.03	(0.12)	0.01	0.05	0.06	0.20	0.10	0.18	0.09	0.00	0.11	0.04	0.07	0.11	0.02	0.49	0.18	0.23
Diluted EPS	(0.03)	0.00	0.03	(0.11)	0.01	0.04	0.06	0.19	0.10	0.17	0.09	0.00	0.11	0.04	0.07	0.11	0.02	0.46	0.17	0.21

* Derived from reported values

Cash Flow Statement

(in millions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Operating Cash Flow	0.62	(1.72)	0.34	(1.37)	0.61	0.80	2.40	(1.70)	1.94	2.57	3.08	2.04	1.30	0.20	2.00	(0.63)	(0.34)	(1.20)	3.32	1.84
Capital Expenditures	0.05	0.18	0.82	0.04	0.78	(0.51)	1.22	0.78	1.07	1.05	0.39	0.64	0.74	1.46	0.41	0.53	0.34	0.30	0.32	4.81
Free Cash Flow*	0.58	(1.91)	(0.48)	(1.40)	(0.17)	1.31	1.18	(2.48)	0.87	1.51	2.69	1.40	0.56	(1.26)	1.59	(1.17)	(0.68)	(1.50)	3.00	(2.97)
Investing Cash Flow	(0.20)	(0.22)	(0.82)	(0.55)	(0.80)	(1.32)	(1.26)	(0.82)	(1.10)	(1.08)	(0.42)	(0.66)	(0.76)	(1.47)	(0.45)	(0.58)	(0.74)	(0.36)	(5.43)	0.30
Financing Cash Flow	0.40	1.94	(0.38)	2.40	1.78	0.07	(0.39)	1.63	0.17	(2.74)	(2.02)	(2.14)	0.19	0.62	(0.73)	0.55	(0.15)	0.95	1.83	(0.21)

* Derived from reported values

Dividends Per Share

(USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q2 2025	Q4 2024	Q3 2024	Q2 2024	Q4 2023	Q3 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020
Dividends Per Share	0.01	0.07	0.01	0.01	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.00	0.00