ADS Maritime Holding (OSL:ADS) Operating Income: kr-6.16 Mil (TTM As of Dec. 2025)

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OSL:ADS ADS Maritime Holding PLC OSL:ADS
45 GF Score
Price kr2.46
GF Value kr1.07
Valuation Significantly Overvalued
! 1 Warning Sign
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What is ADS Maritime Holding Operating Income?

ADS Maritime Holding OSL:ADS +5.13% 45 Operating Income is kr-6.16 Mil as of Dec. 2025. GuruFocus rates OSL:ADS with a GF Score™ of 45/100 and a GF Value™ of kr1.07 (Significantly Overvalued). The stock has 1 warning sign investors should review.

ADS Maritime Holding's Operating Income for the three months ended in Dec. 2025 was kr0.95 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 was kr-6.16 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. ADS Maritime Holding's Operating Income for the three months ended in Dec. 2025 was kr0.95 Mil. ADS Maritime Holding's Revenue for the three months ended in Dec. 2025 was kr0.00 Mil. Therefore, ADS Maritime Holding's Operating Margin % for the quarter that ended in Dec. 2025 was %.

ADS Maritime Holding's 5-Year average Growth Rate for Operating Margin % was 0.00% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. ADS Maritime Holding's annualized ROC % for the quarter that ended in Dec. 2025 was 1.75%. ADS Maritime Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 26.81%.

ADS Maritime Holding  (OSL:ADS) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

ADS Maritime Holding's annualized ROC % for the quarter that ended in Dec. 2025 is calculated as:

ROC % (Q: Dec. 2025 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2025 ) + Invested Capital (Q: Dec. 2025 ))/ count )
=3.8 * ( 1 - 4.4% )/( (187.745 + 227.921)/ 2 )
=3.6328/207.833
=1.75 %

where

Invested Capital(Q: Sep. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=229.387 - 3.132 - ( 38.51 - max(0, 6.065 - 51.326+38.51))
=187.745

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=239.16 - 2.729 - ( 8.51 - max(0, 6.751 - 19.466+8.51))
=227.921

Note: The Operating Income data used here is four times the quarterly (Dec. 2025) data.

2. Joel Greenblatt's definition of Return on Capital:

ADS Maritime Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2025  Q: Dec. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=3.8/( ( (2.357 + max(7.338, 0)) + (13.796 + max(4.852, 0)) )/ 2 )
=3.8/( ( 9.695 + 18.648 )/ 2 )
=3.8/14.1715
=26.81 %

where Working Capital is:

Working Capital(Q: Sep. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 12.816) - (3.132 + 0 + 2.346)
=7.338

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 10.956) - (2.729 + 0 + 3.375)
=4.852

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2025) EBIT data.

3. Operating Income is also linked to Operating Margin %:

ADS Maritime Holding's Operating Margin % for the quarter that ended in Dec. 2025 is calculated as:

Operating Margin %=Operating Income (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=0.95/0
= %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

ADS Maritime Holding Operating Income Related Terms

ADS Maritime Holding Operating Income Historical Data

* Premium members only.

The historical data trend for ADS Maritime Holding's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

ADS Maritime Holding Operating Income Chart

ADS Maritime Holding Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial -2.09 -6.94 1.00 -9.80 -7.43

ADS Maritime Holding Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.96 -2.48 -1.93 -2.71 0.95
OSL:ADS
45GF Score
ADS Maritime Holding PLC OSL:ADS
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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ADS Maritime Holding Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was kr-6.16 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of kr-6.16 Mil mean?
ADS Maritime Holding (OSL:ADS) has a Operating Income of kr-6.16 Mil as of Dec. 2025. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on ADS Maritime Holding and its competitors.
Is ADS Maritime Holding's Operating Income too high?
ADS Maritime Holding's current Operating Income is kr-6.16 Mil. Overall, ADS Maritime Holding has a GF Score™ of 45/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does ADS Maritime Holding's Operating Income compare to competitors?
ADS Maritime Holding's Operating Income of kr-6.16 Mil can be compared against companies in the Transportation industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Transportation company?
A good Operating Income depends on the Transportation industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on ADS Maritime Holding and its competitors. ADS Maritime Holding's current Operating Income is kr-6.16 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ADS Maritime Holding stock overvalued right now?
Based on GuruFocus' analysis, ADS Maritime Holding (OSL:ADS) is currently considered Significantly Overvalued. The stock's GF Value™ is kr1.07, compared to a current price of kr2.46 — trading 129.9% above its estimated fair value. The current Operating Income is kr-6.16 Mil. ADS Maritime Holding's overall GF Score™ is 45/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For ADS Maritime Holding (OSL:ADS), the current Operating Income is kr-6.16 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is ADS Maritime Holding (OSL:ADS) Overvalued in 2026?

Based on GuruFocus' analysis, ADS Maritime Holding stock appears to be overvalued. The current stock price of kr2.46 is trading 129.9% above its estimated GF Value™ of kr1.07. GuruFocus considers ADS Maritime Holding to be Significantly Overvalued.

Key valuation signals for OSL:ADS:

  • Operating Income: kr-6.16 Mil
  • GF Value™: kr1.07 vs. price of kr2.46 (129.9% above fair value)
  • GF Score™: 45/100 with 1 warning sign

No single metric tells the full story. See the OSL:ADS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

ADS Maritime Holding Business Description

Address 22 Amathountos, OSM House, Agios Tychonas, Limassol, CYP, 4532
ADS Maritime Holding PLC is a shipping investment company. Its investing philosophy focuses on counter-cyclical investments in quality ships bought at prices discounted to new building parity, as well as projects with long-term secured cashflow, low residual risk, and solid returns on equity. The company's main source of income is dividend received from investments.
45GF Score

Get the complete analysis for OSL:ADS

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

kr2.46
Price
kr1.07
GF Value