Northern Technologies International Corp
ntic.comWhat Do They Do?
Sells corrosion-prevention products and services to industrial users, plus compostable resin compounds and finished products for packaging manufacturers and consumer and commercial buyers.
10-K for FY2025, filed Nov 20, 2025Northern Technologies International Corporation (NTIC) develops and markets proprietary, environmentally beneficial products and services…View ↗
NTIC’s ZERUST® rust and corrosion inhibiting products include plastic and paper packaging, liquids, coatings, rust removers, cleaners, and…View ↗
Natur-Tec® bio-based and compostable plastics are manufactured using NTIC’s patented and/or proprietary technologies and are intended to…View ↗
ZERUST® Corrosion Prevention Solutions. In the United States, NTIC markets its ZERUST® rust and corrosion inhibiting products and services…View ↗
Natur-Tec® Resin Compounds and Finished Products. In the United States, NTIC markets its Natur-Tec® resin compounds and finished products…View ↗
How Do They Make Money?
Sells products to distributors and end users, who pay at or shortly after the sale, generally 30 to 90 days; NTIC also earns fees for services to joint ventures based primarily on their net sales.
10-K for FY2025, filed Nov 20, 2025Internationally, NTIC has entered into a series of joint ventures with foreign partners (either directly or through a holding company).…View ↗
The Company sells its products to both distributors and end-users. Each unit of product delivered under a customer order represents a…View ↗
Revenue is recognized when transfer of control occurs, as defined by the terms in the customer agreement. The Company immediately…View ↗
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10-K for FY2025, filed Nov 20, 2025
FY2025 revenue by reportable segment ↗
$84.2M
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10-K for FY2025, filed Nov 20, 2025
$84.2M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
ZERUST
Sold outright
10-K for FY2025, filed Nov 20, 2025 |
74%
FY2022: 77%
|
ZERUST, FY2025
$62.5M Sources
|
Sold outright |
|
NaturTec
Sold outright
10-K for FY2025, filed Nov 20, 2025 |
26%
FY2022: 23%
|
NaturTec, FY2025
$21.7M Sources
|
Sold outright |
Who Are Their Customers?
Industrial users buy ZERUST corrosion products directly or through distributors, agents and strategic partners. Natur-Tec products reach plastics converters, foodservice brands, consumers, businesses and institutions through distributors and agents, as well as some direct sales.
10-K for FY2025, filed Nov 20, 2025
Do Revenues Turn Into Profits?
Yes. It kept less than a cent of every revenue dollar as net income in FY2025 and turned 1 cent into free cash flow.
10-K for FY2025, filed Nov 20, 2025
$2.6MView ↗
10-K for FY2025, filed Nov 20, 2025
$17.6KView ↗
10-K for FY2025, filed Nov 20, 2025
$916.5KView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Jul 9, 2026
−$263.3KView ↗
- ▼ Now a loss
- vs $121.8K in Q3 FY2025
10-Q for Q3 FY2026, filed Jul 9, 2026
Open tableView ↗
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Sep 4, 2026
Gautam Ramdas became CEO and G. Patrick Lynch became chair
Lynch will remain an NTIC employee for up to three years during the transition.
Sources
8-K, filed Sep 8, 2026
On September 4, 2026, the Board of Directors (the “Board”) of Northern Technologies International Corporation (“NTIC” or the “Company”), in…View ↗
Growing. Revenue grew 49% in 4 years, from $56.5M in FY2021 to $84.2M in FY2025, about 11% a year.
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