North European Oil Royalty Trust (NRT) Income Statement
NRT FY2025 at a glance
Fiscal year ended October 31, 2025 · U.S. dollarsNRT revenue and net income
Where NRT's revenue goes
FY2025Each bar shows an amount and its share of revenue. NRT kept 91.8% of revenue as net income.
NRT profit margins
NRT growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +49.5% | −21.4% | +16.4% | −3.5% |
| Gross profit | +49.5% | −21.4% | +16.4% | −3.5% |
| Operating income | +57.5% | −22.8% | +14.2% | −4.4% |
| Net income | +57.0% | −22.6% | +19.3% | −3.7% |
| EPS (diluted) | +112.7% | −14.5% | +27.3% | +0.7% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
NRT quarterly EPS vs estimates
North European Oil Royalty beat the analyst EPS estimate in 1 of the last 1 quarters.
NRT income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.7M | $5.8M | $22.0M | $17.8M | $4.6M | $4.1M | $8.3M | $7.2M | $7.8M | $7.0M |
| Cost of revenue | $784,632 | $790,289 | $957,067 | $695,071 | $626,490 | $766,510 | $781,100 | $795,090 | $801,264 | $715,404 |
| Gross profit | $8.7M | $5.8M | $22.0M | $17.8M | $4.6M | $4.1M | $8.3M | $7.2M | $7.8M | $7.0M |
| Research & development | — | — | $1 | $1 | $1 | $1 | $1 | $1 | $1 | $1 |
| Sales, general & admin | $795,648 | $797,872 | $967,591 | $713,917 | $626,494 | $766,507 | $781,098 | $795,088 | $740,129 | $824,368 |
| Total operating expenses | $784,632 | $790,289 | $957,067 | $695,071 | −$626,494 | −$766,507 | $781,098 | $795,088 | $740,129 | $824,368 |
| Operating income | $7.9M | $5.0M | $21.1M | $17.1M | $4.6M | $4.1M | $8.3M | $7.2M | $7.8M | $7.0M |
| Interest income | $84,470 | $70,382 | $125,003 | $2,244 | $640 | $2,853 | $14,450 | $4,510 | $4,350 | $4,460 |
| Interest expense | — | — | — | $641 | $2,853 | $2,853 | $790,579 | $618,493 | $819,820 | $809,902 |
| Income before taxes | $7.9M | $5.1M | $21.2M | $17.1M | $4.0M | $3.3M | $7.6M | $6.4M | $7.0M | $6.1M |
| Income taxes | — | — | −$10,524 | $625,212 | −$641 | −$2,853 | −$14,451 | $790,579 | $819,820 | $809,902 |
| Net income | $7.9M | $5.1M | $21.2M | $17.1M | $4.0M | $3.3M | $7.6M | $6.4M | $7.0M | $6.1M |
| EBITDA | $7.9M | $5.1M | $21.2M | $17.1M | $5.4M | $4.0M | $8.3M | $7.2M | $7.8M | $7.0M |
| EPS (diluted) | $1.17 | $0.55 | $2.30 | $1.87 | $0.43 | $0.35 | $0.82 | $0.69 | $0.79 | $0.66 |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 90.9% | 86.3% | 95.7% | 96.1% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Net margin | 91.8% | 87.4% | 96.2% | 96.0% | 86.4% | 81.1% | 90.8% | 89.0% | 90.5% | 88.2% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.7M | $2.4M | $2.2M | $3.1M | $2.6M | $2.5M | $505,697 | $670,204 | $2.5M | $2.2M | $424,910 | $0 |
| Cost of revenue | $182,713 | $346,682 | $282,442 | $144,621 | $180,178 | $227,821 | $232,012 | $161,054 | $164,223 | $213,679 | $251,332 | $168,429 |
| Gross profit | $2.5M | $2.1M | $1.9M | $3.1M | $2.6M | $2.5M | $505,697 | $670,204 | $2.5M | $2.2M | $424,910 | −$576 |
| Sales, general & admin | — | — | — | $166,082 | — | $229,519 | $233,965 | $163,664 | $165,722 | $215,201 | $253,284 | $170,097 |
| Total operating expenses | $182,713 | $346,682 | $3,495 | $144,621 | $180,178 | $227,821 | $233,965 | $161,054 | $164,223 | $213,679 | $253,284 | $168,429 |
| Operating income | $2.5M | $2.1M | $1.9M | $2.9M | $2.4M | $2.2M | $505,697 | $509,150 | $2.3M | $2.0M | $424,910 | −$169,005 |
| Interest income | $15,164 | $15,118 | $18,672 | $26,290 | $25,220 | $19,224 | $13,736 | $20,195 | $26,394 | $16,333 | $7,460 | $12,714 |
| Interest expense | — | — | — | — | — | — | — | — | — | — | — | $983 |
| Income before taxes | $2.5M | $2.1M | $1.9M | $2.9M | $2.5M | $2.3M | $285,468 | $526,735 | $2.3M | $2.0M | $179,085 | −$157,959 |
| Income taxes | — | — | — | — | — | — | — | — | $2.3M | $2.0M | −$179,085 | −$2.0M |
| Net income | $2.5M | $2.1M | $1.9M | $2.9M | $2.5M | $2.3M | $285,468 | $526,735 | $2.3M | $2.0M | $179,085 | −$157,959 |
| EBITDA | $2.5M | $2.1M | $1.9M | $2.9M | $2.5M | $2.3M | $285,468 | $526,735 | $2.3M | $2.0M | $179,085 | −$157,959 |
| EPS (diluted) | $0.27 | $0.22 | $0.21 | $0.59 | $0.27 | $0.28 | $0.03 | $0.06 | $0.25 | $0.22 | $0.02 | −$0.02 |
| Gross margin | 93.1% | 85.5% | 87.3% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | — |
| Operating margin | 93.1% | 85.5% | 87.2% | 95.3% | 93.1% | 90.8% | 100.0% | 76.0% | 93.3% | 90.4% | 100.0% | — |
| Net margin | 93.1% | 85.5% | 87.2% | 96.0% | 94.0% | 91.5% | 56.5% | 78.6% | 94.3% | 91.1% | 42.1% | — |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in NRT's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
NRT financial results
In fiscal year 2025 (ended October 31, 2025), North European Oil Royalty reported revenue of $8.7 million, up 49.5% from the year before. It had net income of $7.9 million (up 57.0%), a net profit margin of 91.8%. Diluted earnings per share came to $1.17. Over five years revenue grew at an average rate of 16.4% a year.
See the NRT stock overview for the latest quote and news, or the NRT chart for price history and technical indicators.
NRT income statement FAQ
What is North European Oil Royalty's annual revenue?
North European Oil Royalty reported total revenue of $8.7 million for fiscal year 2025, which ended on October 31, 2025. That was up 49.5% from $5.8 million the previous year.
Is North European Oil Royalty profitable?
Yes. North European Oil Royalty reported net income of $7.9 million in fiscal 2025, a net profit margin of 91.8%; its operating margin was 90.9%.
What is North European Oil Royalty's gross margin?
North European Oil Royalty's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, North European Oil Royalty kept $100 after the direct cost of its products and services.
How fast is North European Oil Royalty growing?
Revenue grew 16.4% a year on average over the last five fiscal years, from $4.1 million to $8.7 million.
What are North European Oil Royalty's earnings per share?
North European Oil Royalty earned $1.17 per diluted share in fiscal 2025, compared with $0.55 a year earlier.
When does North European Oil Royalty's fiscal year end?
North European Oil Royalty's fiscal year ends in October. The latest annual report covers the year ended October 31, 2025 and was filed on December 31, 2025.