NORTHERN TECHNOLOGIES INTERNATIONAL CORP
Business
Northern Technologies International Corporation (NTIC) develops and markets proprietary corrosion prevention products and services under the ZERUST® brand across automotive, industrial, mining, agricultural, and oil & gas sectors in over 65 countries. NTIC also produces bio-based and compostable polymer resin compounds and finished products under the Natur-Tec® brand for sustainable packaging applications. The company operates through two reportable segments: ZERUST® corrosion prevention solutions, which represents the majority of sales, and Natur-Tec® resin compounds and finished products. NTIC distributes globally via wholly owned subsidiaries, joint ventures, independent distributors, and direct sales forces.
Summary from 10-K filed 2025-11-20
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-08-31 | FY 2024 2024-08-31 | FY 2023 2023-08-31 | FY 2022 2022-08-31 | FY 2021 2021-08-31 |
|---|---|---|---|---|---|---|
| Net sales | 84 | 85 | 80 | 74 | 56 | |
| Cost of goods sold | 53 | 51 | 52 | 51 | 37 | |
| Gross profit | 32 | 34 | 28 | 23 | 20 | |
| Equity in income from joint ventures | 4 | 4 | 6 | 5 | 7 | |
| Fees for services provided to joint ventures | 5 | 5 | 5 | 6 | 6 | |
| Total joint venture operations | 9 | 9 | 12 | 10 | 13 | |
| Selling expenses | 18 | 16 | 15 | 13 | 12 | |
| General and administrative expenses | 15 | 14 | 13 | 11 | 8 | |
| Research and development expenses | 5 | 5 | 5 | 5 | 4 | |
| Total operating expenses | 38 | 35 | 33 | 28 | 25 | |
| OPERATING INCOME | 3 | 8 | 6 | 5 | 8 | |
| INTEREST INCOME | 308,054 | 118,827 | 28,490 | 49,241 | 151,875 | |
| INTEREST EXPENSE | −599,927 | −340,129 | — | — | — | |
| OTHER INCOME | 1 | 0 | — | — | — | |
| OTHER EXPENSE | −386,785 | 0 | — | — | — | |
| INCOME BEFORE INCOME TAX EXPENSE | 3 | 8 | 6 | 9 | 8 | |
| INCOME TAX EXPENSE | 2 | 1 | 1 | 2 | 1 | |
| NET INCOME | 986,393 | 6 | 4 | 7 | 7 | |
| NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS | 968,774 | 912,302 | 1 | 861,234 | 715,499 | |
| NET INCOME ATTRIBUTABLE TO NTIC | 17,619 | 5 | 3 | 6 | 6 | |
| Basic (in dollars per share) | 0 | 0.57 | 0.31 | 0.69 | 0.69 | |
| Diluted (in dollars per share) | 0 | 0.55 | 0.3 | 0.66 | 0.64 | |
| Basic (in shares) | 9 | 9 | 9 | 9 | 9 | |
| Diluted (in shares) | 10 | 10 | 10 | 10 | 10 | |
| CASH DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share) | 0.16 | 0.28 | 0.28 | 0.28 | 0.2 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-08-31 | FY 2024 2024-08-31 | FY 2023 2023-08-31 | FY 2022 2022-08-31 | FY 2021 2021-08-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 7 | 5 | 5 | 5 | 8 | |
| Trade, less allowance for credit losses of $235,000 and $310,000 as of August 31, 2025 and 2024 | 18 | 19 | 16 | 14 | 11 | |
| Fees for services provided to joint ventures | 1 | 1 | 1 | 2 | 2 | |
| Income taxes | 340,002 | 392,293 | 325,233 | 0 | 386,574 | |
| Inventories, net | 16 | 14 | 13 | — | — | |
| Prepaid expenses | 2 | 1 | 2 | 2 | 1 | |
| Total current assets | 44 | 42 | 40 | 40 | 34 | |
| PROPERTY AND EQUIPMENT, NET | 15 | 16 | 14 | 12 | 12 | |
| Investments in joint ventures | 29 | 25 | 24 | 22 | 28 | |
| Deferred income tax, net | 503,575 | 544,464 | 530,944 | 0 | 92,554 | |
| Intangible assets, net | 9 | 6 | 6 | 7 | 709,572 | |
| Goodwill | 5 | 5 | 5 | 5 | 0 | |
| Operating lease right of use assets | 493,050 | 424,558 | 428,874 | 557,571 | 376,438 | |
| Total other assets | 43 | 37 | 36 | 34 | 29 | |
| Total assets | 103 | 95 | 89 | 86 | 74 | |
| Line of credit | 9 | 4 | 4 | 6 | 0 | |
| Term loan, current portion | 3 | 3 | 3 | 0 | — | |
| Accounts payable | 8 | 6 | 6 | 8 | 4 | |
| Income taxes payable | 414,304 | 327,781 | 501,379 | 30,742 | 178,923 | |
| Payroll and related benefits | 2 | 3 | 2 | 2 | 3 | |
| Other | 1 | 574,876 | 1 | 667,292 | 894,497 | |
| Current portion of operating leases | 344,739 | 325,116 | 340,799 | 373,330 | 272,336 | |
| Total current liabilities | 24 | 18 | 17 | 17 | 9 | |
| Deferred income tax, net | 2 | 2 | 2 | 2 | 0 | |
| Term loans, noncurrent portion | 466,984 | 0 | — | — | — | |
| Operating leases, less current portion | 148,311 | 99,442 | 88,075 | 184,241 | 104,102 | |
| Total long-term liabilities | 2 | 2 | 2 | 2 | 104,102 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.02 par value per share; authorized 15,000,000 shares; issued and outstanding 9,475,490 and 9,466,976, as of August 31, 2025 and 2024, respectively | 189,510 | 189,340 | 188,482 | 184,650 | 183,696 | |
| Additional paid-in capital | 25 | 24 | 22 | 20 | 19 | |
| Retained earnings | 52 | 54 | 51 | 51 | 47 | |
| Accumulated other comprehensive loss | −5 | −6 | −7 | −7 | −4 | |
| Stockholders equity | 72 | 71 | 66 | 64 | 62 | |
| Non-controlling interests | 5 | 4 | 4 | 4 | 3 | |
| Total equity | 77 | 75 | 71 | 67 | 66 | |
| Total liabilities and equity | 103 | 95 | 89 | 86 | 74 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-08-31 | FY 2024 2024-08-31 | FY 2023 2023-08-31 | FY 2022 2022-08-31 | FY 2021 2021-08-31 |
|---|---|---|---|---|---|---|
| Stock-based compensation | 1 | 1 | 1 | 931,532 | 664,174 | |
| Depreciation expense | 979,981 | 1 | 1 | 938,489 | 905,299 | |
| Amortization expense | 777,289 | 596,700 | 588,454 | 629,843 | 203,088 | |
| Loss on disposal of property and equipment | 77,984 | 0 | 8,534 | 0 | — | |
| Change in allowance for credit losses | −75,000 | −233,539 | 94,000 | 57,000 | 262,000 | |
| Dividends received from joint ventures | 2 | 3 | 6 | 6 | 4 | |
| Deferred income taxes | 50,984 | −336,252 | −395,001 | −81,500 | 114,620 | |
| Trade | 941,732 | −3 | — | — | — | |
| Fees for services provided to joint ventures | 157,463 | 61,578 | 468,523 | −259,550 | −577,841 | |
| Dividends receivable from joint venture | 0 | 2 | 2 | 0 | — | |
| Income taxes | −418 | −311,731 | −325,233 | 284,025 | −362,438 | |
| Inventories, net | −1 | −1 | 3 | −5 | 58,314 | |
| Prepaid expenses and other | −300,058 | 308,064 | 287,970 | 3,111 | −487,771 | |
| Accounts payable | 1 | 449,009 | −2 | 3 | 866,597 | |
| Income tax payable | 109,712 | −151,720 | −504,403 | −493,091 | −160,231 | |
| Accrued liabilities | −846,105 | 232,290 | 1 | −1 | 1 | |
| Net cash provided by operating activities | 2 | 6 | 6 | 1 | 3 | |
| Purchases of property and equipment | −2 | −2 | −3 | −1 | −6 | |
| Proceeds from sale of property and equipment | 20,000 | 0 | 13,000 | 0 | 0 | |
| Investments in patents and capitalized software costs | −2 | −2 | −114,062 | −207,149 | −110,654 | |
| Net cash used in investing activities | −4 | −3 | −3 | −7 | −103,316 | |
| Dividend received by non-controlling interest | −280,000 | −1 | −655,574 | −402,729 | −400,000 | |
| Repayments of line of credit | −27 | −37 | 2 | 0 | — | |
| Proceeds from issuance of long-term debt | 538,090 | 0 | — | — | — | |
| Proceeds from line of credit | 32 | 38 | 0 | 6 | 0 | |
| Dividends paid on NTIC common stock | −2 | −3 | −3 | −3 | −2 | |
| Proceeds from employee stock purchase plan | 81,496 | 79,967 | 75,464 | 73,645 | 74,333 | |
| Proceeds from exercise of stock options | 0 | 168,519 | 638,270 | 198,640 | 584,414 | |
| Net cash provided by (used in) financing activities | 4 | −3 | −2 | 3 | −2 | |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | −75,931 | 38,326 | −72,014 | 426,968 | 10,194 | |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 2 | −453,989 | 72,283 | −2 | 1 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is NORTHERN TECHNOLOGIES INTERNATIONAL CORP's CIK number?
NORTHERN TECHNOLOGIES INTERNATIONAL CORP's SEC CIK number is 0000875582 (875582). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NORTHERN TECHNOLOGIES INTERNATIONAL CORP's SEC filings?
All of NORTHERN TECHNOLOGIES INTERNATIONAL CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did NORTHERN TECHNOLOGIES INTERNATIONAL CORP last report earnings?
NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC) most recently filed an earnings 8-K with the SEC on Jul 9, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001171843-26-004547). This is NORTHERN TECHNOLOGIES INTERNATIONAL CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is NORTHERN TECHNOLOGIES INTERNATIONAL CORP's most recent earnings 8-K?
NORTHERN TECHNOLOGIES INTERNATIONAL CORP's latest earnings 8-K (Item 2.02) was filed Jul 9, 2026 under accession 0001171843-26-004547. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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