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.
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