TORM plc Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	193.4	158.1	271.9	265.5	320.5	144.84
Cash & Short-Term Investments	202.9	158.1	271.9	265.5	320.5	144.84
Cash Growth	-42.21%	-41.85%	2.41%	-17.16%	121.27%	61.81%
Accounts Receivable	249.6	214.7	183.9	211	259.5	83.97
Other Receivables	23.1	12.8	26.6	8	3.8	4.3
Receivables	272.7	227.5	210.5	219	263.3	88.27
Inventory	82.5	66.5	68.4	61.7	72	48.81
Prepaid Expenses	14.3	39.1	12.2	15.2	10.4	5.62
Restricted Cash	3	5.4	19.3	30.1	3.3	26.89
Other Current Assets	0.1	35.3	33	99.7	70.2	48.88
Total Current Assets	575.5	531.9	615.3	691.2	739.7	363.32
Property, Plant & Equipment	2,903	2,808	2,843	2,084	1,865	1,949
Long-Term Investments	4.1	2.7	0.3	0.1	0.3	1.47
Goodwill	1.8	1.8	1.7	1.8	1.8	-
Other Intangible Assets	3.9	4	2	1.8	1.9	-
Long-Term Deferred Tax Assets	0.5	0.3	3.1	0.4	0.6	0.65
Other Long-Term Assets	38.9	14.1	-	86	-	12
Total Assets	3,532	3,367	3,470	2,870	2,614	2,331
Accounts Payable	67.2	41	50	43.1	48.5	35.33
Accrued Expenses	-	-	-	-	-	29.2
Current Portion of Long-Term Debt	286.7	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	0.7	0.3	0.7	0.6	2	0.93
Current Unearned Revenue	2.6	2.3	7.5	3.3	0.9	-
Other Current Liabilities	53.7	69	61.9	45.7	37.9	32.78
Total Current Liabilities	410.9	401.4	285.4	265.4	206.4	307.19
Long-Term Debt	785.1	706.6	1,055	882.8	847.3	922.75
Long-Term Leases	10	7.7	6.4	4.1	2.5	3.7
Long-Term Deferred Tax Liabilities	0.2	0.2	0.3	3.6	6.1	-
Other Long-Term Liabilities	53.1	48.5	48.1	48.2	48.2	45.18
Total Liabilities	1,259	1,164	1,395	1,204	1,111	1,279
Common Stock	1	1	1	0.9	0.8	0.81
Additional Paid-In Capital	126.5	110.2	271	260	167.6	159.56
Retained Earnings	1,915	1,789	1,472	1,382	1,298	899.47
Treasury Stock	-	-	-4.2	-4.2	-4.2	-4.24
Comprehensive Income & Other	230.4	302.5	334.7	25.2	39.4	-3.42
Total Common Equity	2,273	2,203	2,074	1,664	1,501	1,052
Minority Interest	-	-	0.8	1.9	2.3	-
Shareholders' Equity	2,273	2,203	2,075	1,666	1,504	1,052
Total Liabilities & Equity	3,532	3,367	3,470	2,870	2,614	2,331
Total Debt	1,082	1,003	1,226	1,060	966.9	1,135
Net Cash (Debt)	-878.9	-845	-954.4	-794.1	-646.4	-990.56
Net Cash Per Share	-8.72	-8.44	-9.91	-9.16	-7.81	-12.63
Filing Date Shares Outstanding	102.1	101.33	97.32	90.24	81.82	80.74
Total Common Shares Outstanding	102.1	101.33	97.32	85.73	81.82	80.74
Working Capital	164.6	130.5	329.9	425.8	533.3	56.13
Book Value Per Share	22.26	21.74	21.31	19.41	18.35	13.03
Tangible Book Value	2,267	2,197	2,070	1,661	1,498	1,052
Tangible Book Value Per Share	22.21	21.68	21.27	19.37	18.31	13.03
Machinery	3,697	3,545	3,493	2,618	2,410	2,421
Construction In Progress	2.6	3.4	4.6	4.2	-	-