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Euronav NV (EURN)
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Euronav NV Income Statement 2024-2011 | EURN
Brief overview of income trends at Euronav NV
The conclusions below are based on five years of reported results. Revenue at Euronav NV moved from $915 million in 2019 to $940 million in 2024. The five-year change reached +2.8%, while CAGR stood at 0.6%. The scale of the core business was largely unchanged.
The five-year EBITDA result moved by +412.5%: from $196 million to $1 billion. The operating result outpaced sales and points to improving efficiency. Comparing the endpoints gives EBITDA margins of 21.4% and 106.6%. The increased EBITDA share is a positive sign.
Net income changed from 112 million dollars to 871 million dollars (+675.9%). Net income reached a five-year high at the end of the interval.
The five-year change in capitalization reached +46.1%: from $2.2 billion to $3.2 billion. The valuation did not keep pace with the reported progress.
Financial takeaway
The results present an uneven picture without one dominant signal. The constructive conclusion rests on net-income growth and an improving EBITDA margin. The weaker side of the profile includes limited revenue growth. Further direction will depend on top-line growth, operating profitability, and net income.
Annual Income Statement Euronav NV
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
3.2 B | 3.29 B | 3.72 B | - | 1.64 B | 2.19 B | 1.06 B | 1.15 B | 1.21 B | 1.9 B | 1.36 B | - | - | - |
Shares |
196 M | 202 M | 202 M | - | 210 M | 216 M | 192 M | 158 M | 158 M | 158 M | 116 M | - | - | - |
Historical Prices |
16.3 | 16.3 | 18.4 | 8.86 | 7.81 | 10.1 | 5.52 | 7.27 | 6.03 | 9.02 | - | - | - | - |
Net Income |
871 M | 858 M | 203 M | -339 M | 473 M | 112 M | -110 M | 1.38 M | 204 M | 350 M | -45.8 M | -89.7 M | -119 M | -96 M |
Revenue |
940 M | 1.24 B | 855 M | 420 M | 1.21 B | 915 M | 600 M | 513 M | 684 M | 847 M | 474 M | 401 M | 411 M | 394 M |
Gross Profit |
- | - | - | - | 567 M | 576 M | 273 M | 301 M | 465 M | 622 M | 232 M | -12.8 M | -14 M | 162 M |
Operating Income |
1 B | 970 M | 294 M | -282 M | 534 M | 196 M | -74.6 M | 13.4 M | 208 M | 352 M | - | - | - | - |
EBITDA |
1 B | 970 M | 294 M | -282 M | 534 M | 196 M | -74.6 M | 13.4 M | 436 M | 562 M | 172 M | 139 M | -37.9 M | 126 M |
Operating Expenses |
623 M | 661 M | 672 M | 727 M | 709 M | 744 M | 699 M | 541 M | 37.1 M | 38.8 M | 29.2 M | 15.9 M | 25 M | 205 M |
General and Administrative Expenses |
77.8 M | 62.5 M | 51.7 M | 32.4 M | 62.4 M | 67.5 M | 97.3 M | 78 M | 61.8 M | 72.1 M | 76.2 M | 27.5 M | 35.5 M | 36.7 M |
Annual performance
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All numbers in USD currency
Quarterly Income Statement Euronav NV
| 2025-Q2 | 2024-Q4 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
194 M | 196 M | 198 M | 202 M | 202 M | 202 M | - | - | - | - | 202 M | - | - | - | 215 M | - | - | - | 219 M | - | - | - | - | - | - | - | 158 M | - | - | - | 158 M | - | - | - | 159 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
32.8 M | 871 M | 680 M | - | 858 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
623 M | 940 M | 492 M | - | 1.24 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
216 M | 1 B | 727 M | - | 970 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
216 M | 1 B | 727 M | - | 970 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
530 M | 623 M | 306 M | - | 661 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
56.4 M | 77.8 M | 36.3 M | - | 62.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Quarterly performance
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All numbers in USD currency
The income statement is one of the three key financial reports of a company Euronav NV (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.