TORM plc (CPH:TRMD.A)

TORM plc Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	368.2	158.1	271.9	265.5	320.5	144.84
Cash & Short-Term Investments	368.2	158.1	271.9	265.5	320.5	144.84
Cash Growth	2.33%	-41.85%	2.41%	-17.16%	121.27%	61.81%
Accounts Receivable	322.4	214.7	183.9	211	259.5	83.97
Other Receivables	28.1	12.8	26.6	8	3.8	4.3
Receivables	350.5	227.5	210.5	219	263.3	88.27
Inventory	111.8	66.5	68.4	61.7	72	48.81
Prepaid Expenses	16.1	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	846.6	531.9	615.3	691.2	739.7	363.32
Property, Plant & Equipment	2,934	2,808	2,843	2,084	1,865	1,949
Long-Term Investments	3	2.7	0.3	0.1	0.3	1.47
Goodwill	1.9	1.8	1.7	1.8	1.8	-
Other Intangible Assets	4.2	4	2	1.8	1.9	-
Long-Term Deferred Tax Assets	0.3	0.3	3.1	0.4	0.6	0.65
Other Long-Term Assets	29.3	14.1	-	86	-	12
Total Assets	3,823	3,367	3,470	2,870	2,614	2,331

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	81.8	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	0.1	0.3	0.7	0.6	2	0.93
Current Unearned Revenue	6.6	2.3	7.5	3.3	0.9	-
Other Current Liabilities	47.2	69	61.9	45.7	37.9	32.78
Total Current Liabilities	372.7	401.4	285.4	265.4	206.4	307.19
Long-Term Debt	839.2	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	2	0.2	0.3	3.6	6.1	-
Other Long-Term Liabilities	59	48.5	48.1	48.2	48.2	45.18
Total Liabilities	1,273	1,164	1,395	1,204	1,111	1,279

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	1	1	1	0.9	0.8	0.81
Additional Paid-In Capital	131.6	110.2	271	260	167.6	159.56
Retained Earnings	2,258	1,789	1,472	1,382	1,298	899.47
Treasury Stock	-	-	-4.2	-4.2	-4.2	-4.24
Comprehensive Income & Other	159.8	302.5	334.7	25.2	39.4	-3.42
Total Common Equity	2,550	2,203	2,074	1,664	1,501	1,052
Minority Interest	-	-	0.8	1.9	2.3	-
Shareholders' Equity	2,550	2,203	2,075	1,666	1,504	1,052
Total Liabilities & Equity	3,823	3,367	3,470	2,870	2,614	2,331

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	1,076	1,003	1,226	1,060	966.9	1,135
Net Cash (Debt)	-708	-845	-954.4	-794.1	-646.4	-990.56
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.96	-8.44	-9.91	-9.16	-7.81	-12.63
Filing Date Shares Outstanding	102.21	101.33	97.32	90.24	81.82	80.74
Total Common Shares Outstanding	102.21	101.33	97.32	85.73	81.82	80.74
Working Capital	473.9	130.5	329.9	425.8	533.3	56.13
Book Value Per Share	24.95	21.74	21.31	19.41	18.35	13.03
Tangible Book Value	2,544	2,197	2,070	1,661	1,498	1,052
Tangible Book Value Per Share	24.89	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	-	-

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 26, 2026

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