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Northern Ocean Ltd.

Northern Ocean Ltd.

NTNOF
Northern Ocean Ltd.US flagOther OTC
0.82
USD
- -
- -
248.64MMarket Cap
Northern Ocean Ltd.
NTNOF
(Other OTC)

Recent

price

0.82

P/E

ratio

- -

div

yld

- -

ROIC.AI

2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.18
1.01
1.06
0.19
1.3
0.93
0.92
0.77
Revenue per Share
-0.11
-0.39
-0.17
-0.8
-0.39
-0.23
-0.34
-0.38
Basic EPS, GAAP
-3.18
-0.29
-0.35
-0.5
-0.44
-0.26
-0.18
-0.23
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.71
0.2
0.12
-0.5
-0.7
-0.47
-0.78
-0.86
Book Value per Share
7.01
5.42
7.77
4.39
2.39
1.58
1.14
1.06
Tangible Book Value per Share
77
94
64
115
182
283
303
303
Basic Weighted Avg Shares
14
95
68
22
237
264
279
235
Sales/Revenue/Turnover
-45.35
-25.04
-73.79
-295.26
-9.95
-3.87
-11.71
-25.07
Operating Margin (%)
3
30
43
40
43
50
55
49
Depreciation Expense
-8
-37
-11
-93
-71
-66
-103
-115
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-58.61
-38.59
-16.27
-428.82
-29.92
-24.88
-36.74
-48.84
Profit Margin (%)
-32
-284
4
55
-26
36
-92
-112
Working Capital
415
278
460
461
458
516
- -
- -
LT Debt
543
507
496
507
437
446
345
320
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
-98.98
-83.8
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
292
100
100
LT Borrowings
249
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
303
303
303
Market Capitalization
169
182
182

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
104
67
37
Cash, Cash Equivalents & STI
44
38
28
Accounts Receivable, Net
19
24
2
Inventories
- -
- -
- -
Total Current Liabilities
394
159
149
Payables & Accruals
- -
- -
- -
ST Debt
292
100
100
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-6.87%
-22.66%
Free Cash Flow
- -
29.42%
-28.69%
Net Income, GAAP
- -
139.61%
56.37%
Sales/Revenue/Turnover
- -
182.92%
5.9%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
85
73
40
65
264
2025
58
53
57
111
279
2026
13
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.05
-0.03
-0.13
-0.05
-0.23
2025
-0.04
-0.05
-0.09
-0.17
-0.34
2026
-0.08
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Northern Ocean Ltd., an international drilling contractor, delivers high-specification offshore contract drilling services to the global oil and gas industry, focusing on harsh environments with its modern semi-submersible rigs like the Deepsea Mira, which integrate green energy technologies. Formed in 2017, the company maintains its operational base in Hamilton, Bermuda.

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