TORM plc Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,340	1,559	1,520	1,443	619.53
Revenue Growth (YoY)	-14.09%	2.55%	5.33%	132.98%	-17.10%
Cost of Revenue	674	663.6	646.3	661.6	431.41
Gross Profit	665.5	895.6	874.1	781.8	188.12
Selling, General & Admin	113.8	95.6	82.9	55	51.54
Other Operating Expenses	-0.1	0.5	-6.3	-5.9	-0.41
Operating Expenses	328.2	288.1	225.9	188.1	181.98
Operating Income	337.3	607.5	648.2	593.7	6.15
Interest Expense	-69.6	-70.5	-55.9	-47.5	-40.5
Interest & Investment Income	11.1	24.5	14.2	4	0.2
Earnings From Equity Investments	-	-	-	0.2	-0.1
Currency Exchange Gain (Loss)	0.3	-0.7	-0.4	-0.5	-0.5
Other Non Operating Income (Expenses)	-2.9	-2.6	-4.5	-0.8	-1.34
EBT Excluding Unusual Items	276.2	558.2	601.6	549.1	-36.1
Gain (Loss) on Sale of Assets	19	51.3	50.4	10.2	-
Asset Writedown	-	-	-	-2.6	-4.65
Pretax Income	295.2	609.5	652	556.7	-40.75
Income Tax Expense	9.2	-2	4	-5.9	1.34
Earnings From Continuing Operations	286	611.5	648	562.6	-42.09
Minority Interest in Earnings	-0.7	1	0.3	0.2	-
Net Income	285.3	612.5	648.3	562.8	-42.09
Net Income to Common	285.3	612.5	648.3	562.8	-42.09
Net Income Growth	-53.42%	-5.52%	15.19%	-	-
Shares Outstanding (Basic)	98	94	84	81	78
Shares Outstanding (Diluted)	100	96	87	83	78
Shares Change (YoY)	3.95%	11.07%	4.71%	5.61%	5.52%
EPS (Basic)	2.91	6.54	7.75	6.92	-0.54
EPS (Diluted)	2.85	6.36	7.48	6.80	-0.54
EPS Growth	-55.19%	-14.97%	10.00%	-	-
Free Cash Flow	190.4	244.4	295.3	382.7	-271.84
Free Cash Flow Per Share	1.90	2.54	3.41	4.62	-3.47
Dividend Per Share	2.120	5.100	5.780	4.630	-
Dividend Growth	-58.43%	-11.77%	24.84%	-	-
Gross Margin	49.68%	57.44%	57.49%	54.16%	30.37%
Operating Margin	25.18%	38.96%	42.63%	41.13%	0.99%
Profit Margin	21.30%	39.28%	42.64%	38.99%	-6.79%
Free Cash Flow Margin	14.21%	15.68%	19.42%	26.51%	-43.88%
EBITDA	548.8	796.7	794.6	730.2	134.5
EBITDA Margin	40.97%	51.10%	52.26%	50.59%	21.71%
D&A For EBITDA	211.5	189.2	146.4	136.5	128.35
EBIT	337.3	607.5	648.2	593.7	6.15
EBIT Margin	25.18%	38.96%	42.63%	41.13%	0.99%
Effective Tax Rate	3.12%	-	0.61%	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.