Business Segments Norden

Equities

DNORD

DK0060083210

Marine Freight & Logistics

Market Closed - Nasdaq Copenhagen Other stock markets 10:59:33 2026-04-15 EDT			5-day change	1st Jan Change
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04-08	Norden: Hormuz remains uncertain despite ceasefire - BN	FW
04-03	D/s Norden: Market volatility support

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Operating Income: Breakdown by Business Segment

Breakdown by Business Segment (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
Marine Transportation Of Freight
Dry Operator - large Vessels	-	-	-	-	1.59B
Gross Profit	-	-	-	-	49.3M
EBITDA	-	-	-	-	25.5M
D&A	-	-	-	-	57.6M
Operating Income	-	-	-	-	-32.1M
Dry Operator - Small Vessels	-	-	-	-	999M
Gross Profit	-	-	-	-	55.4M
EBITDA	-	-	-	-	25.1M
D&A	-	-	-	-	27.8M
Operating Income	-	-	-	-	-2.7M
Logistics	-	-	-	-	24.7M
Gross Profit	-	-	-	-	10.4M
EBITDA	-	-	-	-	4.6M
D&A	-	-	-	-	4.8M
Operating Income	-	-	-	-	-200K
Freight Services & Trading	-	5.1B	3.41B	3.76B	-
Interest Expense	-	-19.9M	-19.7M	-19.1M	-
Income Tax Expense	-	8M	6.1M	8.8M	-
EBT	-	558M	139M	-64.8M	-
Gross Profit	-	1.03B	418M	157M	-
EBITDA	-	842M	324M	105M	-
D&A	-	269M	173M	154M	-
Operating Income	-	572M	151M	-49.8M	-
Net Income	-	550M	133M	-73.6M	-
Asset Management	409M	594M	620M	614M	-
Interest Expense	-27.5M	-32.1M	-33.7M	-27.9M	-
Income Tax Expense	500K	400K	4M	2.1M	-
EBT	5.6M	194M	272M	238M	-
Gross Profit	204M	340M	378M	350M	-
EBITDA	193M	317M	354M	328M	-
D&A	168M	180M	162M	158M	-
Operating Income	33.2M	219M	271M	252M	-
Net Income	5.1M	193M	268M	236M	-
Dry Operator	3.15B	-	-	-	-
Interest Expense	-6.8M	-	-	-	-
Income Tax Expense	4.5M	-	-	-	-
EBT	234M	-	-	-	-
Gross Profit	438M	-	-	-	-
EBITDA	351M	-	-	-	-
D&A	110M	-	-	-	-
Operating Income	240M	-	-	-	-
Net Income	230M	-	-	-	-
Dry Cargo	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
Gross Profit	-	-	-	-	-
EBITDA	-	-	-	-	-
D&A	-	-	-	-	-
Operating Income	-	-	-	-	-
Net Income	-	-	-	-	-
Oil and Gas Tankers
Tanker Owner	-	-	-	-	320M
Gross Profit	-	-	-	-	152M
EBITDA	-	-	-	-	174M
D&A	-	-	-	-	63M
Operating Income	-	-	-	-	111M
Dry Owner	-	-	-	-	286M
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
EBT	-	-	-	-	-
Gross Profit	-	-	-	-	167M
EBITDA	-	-	-	-	190M
D&A	-	-	-	-	109M
Operating Income	-	-	-	-	80.7M
Net Income	-	-	-	-	-
Tanker Operator	336M	-	-	-	168M
Interest Expense	-800K	-	-	-	-
Income Tax Expense	1.2M	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
EBT	-28.9M	-	-	-	-
Gross Profit	7.1M	-	-	-	49.4M
EBITDA	-11.2M	-	-	-	35.3M
D&A	16.9M	-	-	-	33.2M
Operating Income	-28.1M	-	-	-	2.1M
Net Income	-30.1M	-	-	-	-
Eliminations	-340M	-377M	-336M	-337M	-266M
Gross Profit	-	-	-	-	-

Geographical Revenue Distribution History

Geographical breakdown of sales (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
Other	-	-	2.4B	1.72B	1.44B
Total Assets	-	-	-	192M	258M
People's Republic of China	-	-	585M	764M	518M
Total Assets	-	-	-	34.2M	10.6M
United States of America	-	-	239M	280M	223M
Total Assets	-	-	-	21.2M	19.5M
Singapore	-	-	313M	307M	172M
Total Assets	-	-	-	44M	41.6M
India	-	-	-	166M	138M
The Philippines	-	-	-	125M	123M
Japan	-	-	-	170M	117M
Total Assets	-	-	-	94.9M	103M
Mexico	-	-	153M	143M	102M
Germany	-	-	-	-	90.6M
Total Assets	-	-	-	-	16.8M
Australia	-	-	-	-	83M
Total Assets	-	-	-	-	100K
United Kingdom	-	-	-	-	75.5M
Denmark	-	-	-	61M	42.8M
Total Assets	-	-	-	734M	865M
Total Assets	-	-	244M	-	-
Total Assets	-	-	156M	-	-
Total Assets	-	-	21M	-	-
Total Assets	-	-	516M	-	-
Total Assets	-	-	7.6M	-	-
Republic of Korea (south)	-	-	-	98M	-
Total Assets	-	-	-	4.7M	-
Indonesia	-	-	-	105M	-
Brazil	-	-	-	105M	-