TORM plc Balance Sheet

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
Cash & Equivalents	158.1	271.9	265.5	320.5	144.84
Cash & Short-Term Investments	158.1	271.9	265.5	320.5	144.84
Cash Growth	-41.85%	2.41%	-17.16%	121.27%	61.81%
Accounts Receivable	214.7	183.9	211	259.5	83.97
Other Receivables	12.8	26.6	8	3.8	4.3
Receivables	227.5	210.5	219	263.3	88.27
Inventory	66.5	68.4	61.7	72	48.81
Prepaid Expenses	39.1	12.2	15.2	10.4	5.62
Restricted Cash	5.4	19.3	30.1	3.3	26.89
Other Current Assets	35.3	33	99.7	70.2	48.88
Total Current Assets	531.9	615.3	691.2	739.7	363.32
Property, Plant & Equipment	2,808	2,843	2,084	1,865	1,949
Long-Term Investments	2.7	0.3	0.1	0.3	1.47
Goodwill	1.8	1.7	1.8	1.8	-
Other Intangible Assets	4	2	1.8	1.9	-
Long-Term Deferred Tax Assets	0.3	3.1	0.4	0.6	0.65
Other Long-Term Assets	14.1	-	86	-	12
Total Assets	3,367	3,470	2,870	2,614	2,331
Accounts Payable	41	50	43.1	48.5	35.33
Accrued Expenses	-	-	-	-	29.2
Current Portion of Long-Term Debt	285.8	163.1	170.2	114.6	207.05
Current Portion of Leases	3	2.2	2.5	2.5	1.9
Current Income Taxes Payable	0.3	0.7	0.6	2	0.93
Current Unearned Revenue	2.3	7.5	3.3	0.9	-
Other Current Liabilities	69	61.9	45.7	37.9	32.78
Total Current Liabilities	401.4	285.4	265.4	206.4	307.19
Long-Term Debt	706.6	1,055	882.8	847.3	922.75
Long-Term Leases	7.7	6.4	4.1	2.5	3.7
Long-Term Deferred Tax Liabilities	0.2	0.3	3.6	6.1	-
Other Long-Term Liabilities	48.5	48.1	48.2	48.2	45.18
Total Liabilities	1,164	1,395	1,204	1,111	1,279
Common Stock	1	1	0.9	0.8	0.81
Additional Paid-In Capital	110.2	271	260	167.6	159.56
Retained Earnings	1,789	1,472	1,382	1,298	899.47
Treasury Stock	-	-4.2	-4.2	-4.2	-4.24
Comprehensive Income & Other	302.5	334.7	25.2	39.4	-3.42
Total Common Equity	2,203	2,074	1,664	1,501	1,052
Minority Interest	-	0.8	1.9	2.3	-
Shareholders' Equity	2,203	2,075	1,666	1,504	1,052
Total Liabilities & Equity	3,367	3,470	2,870	2,614	2,331
Total Debt	1,003	1,226	1,060	966.9	1,135
Net Cash (Debt)	-845	-954.4	-794.1	-646.4	-990.56
Net Cash Per Share	-8.44	-9.91	-9.16	-7.81	-12.63
Filing Date Shares Outstanding	101.33	97.32	90.24	81.82	80.74
Total Common Shares Outstanding	101.33	97.32	85.73	81.82	80.74
Working Capital	130.5	329.9	425.8	533.3	56.13
Book Value Per Share	21.74	21.31	19.41	18.35	13.03
Tangible Book Value	2,197	2,070	1,661	1,498	1,052
Tangible Book Value Per Share	21.68	21.27	19.37	18.31	13.03
Machinery	3,545	3,493	2,618	2,410	2,421
Construction In Progress	3.4	4.6	4.2	-	-

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