TORM plc Cash Flow 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
Net Income	285.3	612.5	648.3	562.8	-42.09
Depreciation & Amortization	214.5	192	149.3	139	130.85
Loss (Gain) From Sale of Assets	-19	-51.3	-50.4	-10.2	-
Asset Writedown & Restructuring Costs	-	-	-	2.6	4.65
Loss (Gain) From Sale of Investments	1.3	1.7	2.2	2.4	1.4
Loss (Gain) on Equity Investments	-	-	-	-0.2	0.1
Stock-Based Compensation	34.1	30.2	22.5	2.2	2.3
Other Operating Activities	16.2	-6.1	-14.7	-15.7	-0.77
Change in Accounts Receivable	-33.2	41.7	45.2	-158.1	-37.5
Change in Inventory	-1.3	-10.2	1.2	-21.8	-26.9
Change in Accounts Payable	4.8	7.9	3.2	4.7	19.4
Change in Other Net Operating Assets	-3.8	8.4	-1.8	-5.7	-3.49
Operating Cash Flow	498.9	826.8	805	502	47.95
Operating Cash Flow Growth	-39.66%	2.71%	60.36%	946.97%	-79.67%
Capital Expenditures	-308.5	-582.4	-509.7	-119.3	-319.79
Sale of Property, Plant & Equipment	143.8	130.6	166.4	106.6	10.03
Cash Acquisitions	-	-	-	1.1	-
Sale (Purchase) of Intangibles	-1.8	-1.1	-0.6	-0.6	-
Other Investing Activities	13.9	10.8	-26.7	23.5	19.16
Investing Cash Flow	-152.6	-442.1	-370.6	11.3	-290.59
Long-Term Debt Issued	338	419.4	676.4	96.3	548.82
Long-Term Debt Repaid	-596.8	-256.3	-585.4	-275.2	-253.42
Net Debt Issued (Repaid)	-258.8	163.1	91	-178.9	295.4
Issuance of Common Stock	2.3	12.5	6.2	8	2.86
Common Dividends Paid	-199.7	-553.3	-586.4	-166.7	-
Other Financing Activities	-3.9	-0.6	-0.2	-	-0.29
Financing Cash Flow	-460.1	-378.3	-489.4	-337.6	297.98
Net Cash Flow	-113.8	6.4	-55	175.7	55.33
Free Cash Flow	190.4	244.4	295.3	382.7	-271.84
Free Cash Flow Growth	-22.10%	-17.24%	-22.84%	-	-
Free Cash Flow Margin	14.21%	15.68%	19.42%	26.51%	-43.88%
Free Cash Flow Per Share	1.90	2.54	3.41	4.62	-3.47
Cash Interest Paid	70	66.9	66	49.5	41.05
Cash Income Tax Paid	2.7	1.3	3.1	0.7	1.38
Levered Free Cash Flow	67.71	84.13	29.09	153.71	-268.05
Unlevered Free Cash Flow	111.21	128.19	64.03	183.4	-242.73
Change in Working Capital	-33.5	47.8	47.8	-180.9	-48.49

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