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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	448.7	158.1	271.9	265.5	320.5	144.84
Cash & Short-Term Investments	448.7	158.1	271.9	265.5	320.5	144.84
Cash Growth	114.38%	-41.85%	2.41%	-17.16%	121.27%	61.81%
Accounts Receivable	317.9	214.7	183.9	211	259.5	83.97
Other Receivables	31.6	12.8	26.6	8	3.8	4.3
Receivables	349.5	227.5	210.5	219	263.3	88.27
Inventory	91.8	66.5	68.4	61.7	72	48.81
Prepaid Expenses	15.1	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	905.1	531.9	615.3	691.2	739.7	363.32
Property, Plant & Equipment	2,853	2,808	2,843	2,084	1,865	1,949
Long-Term Investments	3.6	2.7	0.3	0.1	0.3	1.47
Goodwill	1.9	1.8	1.7	1.8	1.8	-
Other Intangible Assets	10	4	2	1.8	1.9	-
Long-Term Deferred Tax Assets	0.4	0.3	3.1	0.4	0.6	0.65
Other Long-Term Assets	71	14.1	-	86	-	12
Total Assets	3,849	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	70.9	41	50	43.1	48.5	35.33
Accrued Expenses	-	-	-	-	-	29.2
Current Portion of Long-Term Debt	168.2	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	0.6	0.3	0.7	0.6	2	0.93
Current Unearned Revenue	10.3	2.3	7.5	3.3	0.9	-
Other Current Liabilities	54.2	69	61.9	45.7	37.9	32.78
Total Current Liabilities	304.2	401.4	285.4	265.4	206.4	307.19
Long-Term Debt	969.6	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	3.9	0.2	0.3	3.6	6.1	-
Other Long-Term Liabilities	48.4	48.5	48.1	48.2	48.2	45.18
Total Liabilities	1,326	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	Sep 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	139.2	110.2	271	260	167.6	159.56
Retained Earnings	2,371	1,789	1,472	1,382	1,298	899.47
Treasury Stock	-	-	-4.2	-4.2	-4.2	-4.24
Comprehensive Income & Other	12.4	302.5	334.7	25.2	39.4	-3.42
Total Common Equity	2,523	2,203	2,074	1,664	1,501	1,052
Minority Interest	-	-	0.8	1.9	2.3	-
Shareholders' Equity	2,523	2,203	2,075	1,666	1,504	1,052
Total Liabilities & Equity	3,849	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	1,138	1,003	1,226	1,060	966.9	1,135
Net Cash (Debt)	-689.1	-845	-954.4	-794.1	-646.4	-990.56
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-6.69	-8.44	-9.91	-9.16	-7.81	-12.63
Filing Date Shares Outstanding	102.63	101.33	97.32	90.24	81.82	80.74
Total Common Shares Outstanding	102.63	101.33	97.32	85.73	81.82	80.74
Working Capital	600.9	130.5	329.9	425.8	533.3	56.13
Book Value Per Share	24.58	21.74	21.31	19.41	18.35	13.03
Tangible Book Value	2,511	2,197	2,070	1,661	1,498	1,052
Tangible Book Value Per Share	24.47	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: Nov 4, 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:

Nov 6, 2026

Data Sources Report a data error