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Northern Ocean Ltd.

NOK 7.46 -$1.14 (-13.26%)

OSL · 15 Sep 2026 14:29 UTC

Previous Close

NOK 7.5

Day Range

NOK 7.46 - NOK 7.46

Year Range

NOK 5.52NOK 10.88

Market Cap

2.26B

AVG Volume

1.08M

Trailing/Forward PE

-2.34/-

PEG ratio

0.03

Dividend Yield

Next Earnings Date

2026-11-27

Primary Exchange

Oslo Stock Exchange

Revenue (USD)

NOL.OL Revenue (USD) by quarter
Period	Revenue (USD)
26 Q2	34.52M
26 Q1	13.27M
25 Q4	111.3M
25 Q3	57.37M
25 Q2	52.64M
25 Q1	57.99M
24 Q4	65.32M
24 Q3	39.84M
24 Q2	73.17M
24 Q1	85.19M

Net Income (USD)

NOL.OL Net Income (USD) by quarter
Period	Net Income (USD)
26 Q2	-2.51M
26 Q1	-23.14M
25 Q4	-50.47M
25 Q3	-25.89M
25 Q2	-15.06M
25 Q1	-11.24M
24 Q4	-13.82M
24 Q3	-35.89M
24 Q2	-6.31M
24 Q1	-9.63M

Operating Income (USD)

NOL.OL Operating Income (USD) by quarter
Period	Operating Income (USD)
26 Q2	2.96M
26 Q1	-22.37M
25 Q4	-39.34M
25 Q3	-8.48M
25 Q2	-1.74M
25 Q1	3.7M
24 Q4	132K
24 Q3	-20.09M
24 Q2	7.01M
24 Q1	2.74M

EBITDA (USD)

NOL.OL EBITDA (USD) by quarter
Period	EBITDA (USD)
26 Q2	10.85M
26 Q1	-12.65M
25 Q4	-28.72M
25 Q3	6.45M
25 Q2	14.98M
25 Q1	18.19M
24 Q4	15.29M
24 Q3	-7.04M
24 Q2	19.11M
24 Q1	15.61M

Cash Flows (USD)

NOL.OL Cash Flows (USD) by quarter
Period	Cash Flows (USD)
26 Q2	-34.27M
26 Q1	-9.44M
25 Q4	-45.03M
25 Q3	23.15M
25 Q2	-38.36M
25 Q1	6.87M
24 Q4	-45.34M
24 Q3	-4.63M
24 Q2	-18.84M
24 Q1	-6.03M

EPS (USD)

NOL.OL EPS (USD) by quarter
Period	EPS (USD)
26 Q2	-0.01
26 Q1	-0.08
25 Q4	-0.17
25 Q3	-0.09
25 Q2	-0.08
25 Q1	-0.06
24 Q4	-0.05
24 Q3	-0.19
24 Q2	-0.03
24 Q1	-0.05

Expenses (USD)

NOL.OL Expenses (USD) by quarter
Period	Expenses (USD)
26 Q2	7.37M
26 Q1	4.43M
25 Q4	17.97M
25 Q3	7.73M
25 Q2	19.23M
25 Q1	20.73M
24 Q4	16.08M
24 Q3	19.53M
24 Q2	17.07M
24 Q1	9.74M

Cash & Debt (USD)

NOL.OL Cash & Debt (USD) by quarter
Period	Cash & Debt (USD)
26 Q2	19.89M
26 Q1	28.11M
25 Q4	37.51M
25 Q3	43.77M
25 Q2	28.15M
25 Q1	58M
24 Q4	42.75M
24 Q3	71.25M
24 Q2	75.92M
24 Q1	50.41M

Debt ratios

NOL.OL Debt ratios by quarter
Period	Debt ratios
26 Q2	-4.72
26 Q1	-3.61
25 Q4	5.73
25 Q3	9.05
25 Q2	12.55
25 Q1	10.57
24 Q4	11.36
24 Q3	12.86
24 Q2	9.02
24 Q1	14.85

Margins

NOL.OL Margins by quarter
Period	Margins
26 Q2	16.51%
26 Q1	-154.44%
25 Q4	-22.05%
25 Q3	-11.33%
25 Q2	-0.3%
25 Q1	10.74%
24 Q4	3.46%
24 Q3	-47.61%
24 Q2	12.17%
24 Q1	5.02%

Return on Capital

NOL.OL Return on Capital by quarter
Period	Return on Capital
26 Q2	-0.78%
26 Q1	-7.23%
25 Q4	-14.63%
25 Q3	-6.55%
25 Q2	-3.59%
25 Q1	-2.58%
24 Q4	-3.1%
24 Q3	-7.8%
24 Q2	-1.27%
24 Q1	-2.25%

Shares Outstanding

NOL.OL Shares Outstanding by quarter
Period	Shares Outstanding
26 Q2	303.22M
26 Q1	303.21M
25 Q4	303.21M
25 Q3	303.21M
25 Q2	193.62M
25 Q1	193.62M
24 Q4	193.63M
24 Q3	193.63M
24 Q2	193.63M
24 Q1	182.68M

Book Value Per Share (USD)

NOL.OL Book Value Per Share (USD) by quarter
Period	Book Value Per Share (USD)
26 Q2	1.06
26 Q1	1.06
25 Q4	1.14
25 Q3	1.3
25 Q2	2.17
25 Q1	2.25
24 Q4	2.3
24 Q3	2.37
24 Q2	2.56
24 Q1	2.34

Total Assets (USD)

NOL.OL Total Assets (USD) by quarter
Period	Total Assets (USD)
26 Q2	499.73M
26 Q1	471.86M
25 Q4	507.02M
25 Q3	1.06B
25 Q2	1.07B
25 Q1	1.05B
24 Q4	1.03B
24 Q3	1.03B
24 Q2	1.06B
24 Q1	1.03B

Free Cash Flow Yield

NOL.OL Free Cash Flow Yield by quarter
Period	Free Cash Flow Yield
Sep 26	-28.44%
Sep 26	-28.59%
Sep 26	-28.62%
Aug 26	-28.87%
Aug 26	-28.7%
Aug 26	-29.11%
Aug 26	-29.16%
Jul 26	-28.97%
Jul 26	-29.15%
Jul 26	-29.68%
Jul 26	-29.88%
Jul 26	-27.95%
Jun 26	-21.36%
Jun 26	-21.06%
Jun 26	-21.25%
Jun 26	-21.04%
May 26	-20.24%
May 26	-18.36%
May 26	-19.12%
May 26	-18.39%
Apr 26	-18.73%
Apr 26	-19.53%
Apr 26	-19.3%
Apr 26	-19.02%
Apr 26	-18.78%
Mar 26	-19.29%
Mar 26	-19.08%
Mar 26	-19.17%
Mar 26	-18.58%
Feb 26	-18.47%
Feb 26	-17.86%
Feb 26	-18.2%
Feb 26	-19.31%
Jan 26	-18.63%
Jan 26	-18.66%
Jan 26	-20.76%
Jan 26	-21.01%
Jan 26	-20.68%
Dec 25	-49.17%
Dec 25	-49.11%
Dec 25	-47.63%
Dec 25	-49.6%
Nov 25	-51.59%
Nov 25	-53.39%
Nov 25	-71.65%
Nov 25	-71.08%
Oct 25	-70.62%
Oct 25	-68.43%
Oct 25	-69.97%
Oct 25	-69.62%
Oct 25	-68.57%
Sep 25	-52.21%
Sep 25	-50%
Sep 25	-49.97%
Sep 25	-51.75%
Aug 25	-48.59%
Aug 25	-49%
Aug 25	-49.41%
Aug 25	-50.1%
Aug 25	-54.54%
Jul 25	-55.01%
Jul 25	-55.94%
Jul 25	-55.34%
Jul 25	-55.22%
Jun 25	-67.04%
Jun 25	-65.59%
Jun 25	-64.11%
Jun 25	-66.18%
May 25	-65.39%
May 25	-65%
May 25	-63.09%
May 25	-60.68%
May 25	-67.88%
Apr 25	-74.59%
Apr 25	-72.72%
Apr 25	-74.79%
Apr 25	-68.04%
Mar 25	0.12%
Mar 25	0.12%
Mar 25	0.13%
Mar 25	0.14%
Feb 25	0.13%
Feb 25	0.12%
Feb 25	0.12%
Feb 25	0.11%
Jan 25	0.12%
Jan 25	0.11%
Jan 25	0.12%
Jan 25	0.11%
Jan 25	0.11%
Dec 24	-34.64%
Dec 24	-36.07%
Dec 24	-31.95%
Dec 24	-31.39%
Nov 24	-29.94%
Nov 24	-31.86%
Nov 24	-35.29%
Nov 24	-33.83%
Nov 24	-35.98%
Oct 24	-34.04%

Price to Sales

NOL.OL Price to Sales by quarter
Period	Price to Sales
Sep 26	1.04
Sep 26	1.04
Sep 26	1.04
Aug 26	1.03
Aug 26	1.03
Aug 26	1.02
Aug 26	1.02
Jul 26	1.03
Jul 26	1.02
Jul 26	1
Jul 26	0.99
Jul 26	1.06
Jun 26	0.89
Jun 26	0.91
Jun 26	0.9
Jun 26	0.91
May 26	0.94
May 26	1.04
May 26	1
May 26	1.04
Apr 26	1.02
Apr 26	0.98
Apr 26	0.99
Apr 26	1
Apr 26	1.02
Mar 26	1.19
Mar 26	1.21
Mar 26	1.2
Mar 26	1.24
Feb 26	1.25
Feb 26	1.29
Feb 26	1.26
Feb 26	1.19
Jan 26	1.24
Jan 26	1.23
Jan 26	1.11
Jan 26	1.1
Jan 26	1.11
Dec 25	0.77
Dec 25	0.77
Dec 25	0.79
Dec 25	0.76
Nov 25	0.73
Nov 25	0.71
Nov 25	0.53
Nov 25	0.53
Oct 25	0.53
Oct 25	0.55
Oct 25	0.54
Oct 25	0.54
Oct 25	0.55
Sep 25	0.5
Sep 25	0.52
Sep 25	0.52
Sep 25	0.51
Aug 25	0.54
Aug 25	0.53
Aug 25	0.53
Aug 25	0.52
Aug 25	0.48
Jul 25	0.48
Jul 25	0.47
Jul 25	0.47
Jul 25	0.47
Jun 25	0.42
Jun 25	0.43
Jun 25	0.44
Jun 25	0.43
May 25	0.43
May 25	0.44
May 25	0.45
May 25	0.47
May 25	0.42
Apr 25	0.38
Apr 25	0.39
Apr 25	0.38
Apr 25	0.42
Mar 25	0.46
Mar 25	0.45
Mar 25	0.44
Mar 25	0.41
Feb 25	0.42
Feb 25	0.48
Feb 25	0.48
Feb 25	0.49
Jan 25	0.47
Jan 25	0.49
Jan 25	0.47
Jan 25	0.49
Jan 25	0.5
Dec 24	0.42
Dec 24	0.4
Dec 24	0.45
Dec 24	0.46
Nov 24	0.48
Nov 24	0.45
Nov 24	0.41
Nov 24	0.43
Nov 24	0.4
Oct 24	0.42

EV/EBITDA

NOL.OL EV/EBITDA by quarter
Period	EV/EBITDA
Jun 26	28.66
Jun 26	28.98
Jun 26	28.77
Jun 26	29
May 26	29.92
May 26	32.4
May 26	31.34
May 26	32.36
Apr 26	31.87
Apr 26	30.8
Apr 26	31.1
Apr 26	31.48
Apr 26	31.81
Mar 26	14.12
Mar 26	14.17
Mar 26	14.15
Mar 26	14.31
Feb 26	14.34
Feb 26	14.52
Feb 26	14.42
Feb 26	14.11
Jan 26	14.3
Jan 26	14.29
Jan 26	13.76
Jan 26	13.7
Jan 26	13.78
Dec 25	16.55
Dec 25	16.56
Dec 25	16.68
Dec 25	16.52
Nov 25	16.36
Nov 25	16.24
Nov 25	15.3
Nov 25	15.32
Oct 25	15.34
Oct 25	15.43
Oct 25	15.36
Oct 25	15.38
Oct 25	15.42
Sep 25	13.17
Sep 25	13.29
Sep 25	13.29
Sep 25	13.2
Aug 25	13.37
Aug 25	13.34
Aug 25	13.32
Aug 25	13.28
Aug 25	13.06
Jul 25	13.04
Jul 25	13
Jul 25	13.03
Jul 25	13.03
Jun 25	13.96
Jun 25	14.02
Jun 25	14.08
Jun 25	13.99
May 25	14.02
May 25	14.04
May 25	14.12
May 25	14.23
May 25	13.93
Apr 25	13.69
Apr 25	13.76
Apr 25	13.69
Apr 25	13.92
Mar 25	16.6
Mar 25	16.55
Mar 25	16.44
Mar 25	16.21
Feb 25	16.27
Feb 25	16.77
Feb 25	16.77
Feb 25	16.86
Jan 25	16.67
Jan 25	16.89
Jan 25	16.7
Jan 25	16.89
Jan 25	16.9
Dec 24	11.76
Dec 24	11.65
Dec 24	11.99
Dec 24	12.04
Nov 24	12.19
Nov 24	12
Nov 24	11.71
Nov 24	11.82
Nov 24	11.66
Oct 24	11.81
Oct 24	11.64
Oct 24	11.73
Oct 24	11.54
Sep 24	18.16
Sep 24	18.18
Sep 24	18.21
Sep 24	18.25
Aug 24	18.52
Aug 24	18.7
Aug 24	18.48
Aug 24	18.46
Aug 24	18.48

Price/Operating Cashflow

NOL.OL Price/Operating Cashflow by quarter
Period	Price/Operating Cashflow
Jun 26	56.65
Jun 26	57.46
Jun 26	56.93
Jun 26	57.5
May 26	59.76
May 26	65.9
May 26	63.29
May 26	65.79
Apr 26	64.59
Apr 26	61.95
Apr 26	62.69
Apr 26	63.61
Apr 26	64.44
Mar 26	157.26
Mar 26	159
Mar 26	158.27
Mar 26	163.3
Feb 26	164.3
Feb 26	169.85
Feb 26	166.71
Feb 26	157.12
Jan 26	162.9
Jan 26	162.59
Jan 26	146.17
Jan 26	144.43
Jan 26	146.71
Sep 25	33.27
Sep 25	34.74
Sep 25	34.76
Sep 25	33.56
Aug 25	35.74
Aug 25	35.45
Aug 25	35.15
Aug 25	34.67
Aug 25	31.84
Jul 25	31.58
Jul 25	31.05
Jul 25	31.38
Jul 25	31.45
Mar 25	2.71
Mar 25	2.67
Mar 25	2.59
Mar 25	2.43
Feb 25	2.46
Feb 25	2.83
Feb 25	2.83
Feb 25	2.89
Jan 25	2.76
Jan 25	2.91
Jan 25	2.78
Jan 25	2.91
Jan 25	2.93
Sep 24	10
Sep 24	10.05
Sep 24	10.14
Sep 24	10.28
Aug 24	11.09
Aug 24	11.61
Aug 24	10.97
Aug 24	10.9
Aug 24	10.96
Jul 24	10.84
Jul 24	10.98
Jul 24	11.31
Jul 24	11.6
Mar 22	18.16
Mar 22	16.33
Mar 22	16
Mar 22	14.97
Feb 22	14.55
Feb 22	14.28
Feb 22	13.9
Feb 22	13.73
Jan 22	13.57
Jan 22	14.84
Jan 22	13.54
Jan 22	13.5
Dec 21	14.15
Sep 21	38.44
Sep 21	38.19
Sep 21	37.35
Sep 21	35.26
Aug 21	33.53
Aug 21	38.46
Aug 21	39.93
Aug 21	38.94
Jul 21	39.16
Jul 21	37.09
Jul 21	37.37
Jul 21	38.84
Jul 21	39.73
Jun 21	5.31
Jun 21	5.03
Jun 21	5.22
Jun 21	5.12
May 21	4.84
May 21	4.69
May 21	5.03
May 21	4.68
Apr 21	8.35

Price to Book

NOL.OL Price to Book by quarter
Period	Price to Book
Sep 26	0.77
Sep 26	0.76
Sep 26	0.76
Aug 26	0.75
Aug 26	0.76
Aug 26	0.75
Aug 26	0.75
Jul 26	0.75
Jul 26	0.75
Jul 26	0.73
Jul 26	0.73
Jul 26	0.78
Jun 26	0.72
Jun 26	0.73
Jun 26	0.73
Jun 26	0.74
May 26	0.76
May 26	0.84
May 26	0.81
May 26	0.84
Apr 26	0.83
Apr 26	0.79
Apr 26	0.8
Apr 26	0.81
Apr 26	0.82
Mar 26	0.7
Mar 26	0.71
Mar 26	0.71
Mar 26	0.73
Feb 26	0.74
Feb 26	0.76
Feb 26	0.75
Feb 26	0.7
Jan 26	0.73
Jan 26	0.73
Jan 26	0.65
Jan 26	0.65
Jan 26	0.66
Dec 25	0.39
Dec 25	0.4
Dec 25	0.41
Dec 25	0.39
Nov 25	0.38
Nov 25	0.36
Nov 25	0.27
Nov 25	0.27
Oct 25	0.27
Oct 25	0.28
Oct 25	0.28
Oct 25	0.28
Oct 25	0.28
Sep 25	0.27
Sep 25	0.28
Sep 25	0.28
Sep 25	0.28
Aug 25	0.29
Aug 25	0.29
Aug 25	0.29
Aug 25	0.28
Aug 25	0.26
Jul 25	0.26
Jul 25	0.25
Jul 25	0.26
Jul 25	0.26
Jun 25	0.25
Jun 25	0.26
Jun 25	0.26
Jun 25	0.25
May 25	0.26
May 25	0.26
May 25	0.27
May 25	0.28
May 25	0.25
Apr 25	0.22
Apr 25	0.23
Apr 25	0.22
Apr 25	0.25
Mar 25	0.28
Mar 25	0.28
Mar 25	0.27
Mar 25	0.25
Feb 25	0.25
Feb 25	0.29
Feb 25	0.29
Feb 25	0.3
Jan 25	0.29
Jan 25	0.3
Jan 25	0.29
Jan 25	0.3
Jan 25	0.3
Dec 24	0.27
Dec 24	0.26
Dec 24	0.29
Dec 24	0.3
Nov 24	0.31
Nov 24	0.29
Nov 24	0.26
Nov 24	0.27
Nov 24	0.26
Oct 24	0.27

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Northern Ocean Ltd.

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