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	286	611.5	648	562.6	-42.09
Depreciation & Amortization	214.5	192	149.3	139	130.85
Other Adjustments	34.6	-23.2	-37	-18	9.05
Changes in Income Taxes Payable	-2.7	-1.3	-3.1	-0.7	-1.38
Changes in Other Operating Activities	-33.5	47.8	47.8	-180.9	-48.49
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
Purchases of Intangible Assets	-1.8	-1.1	-0.6	-0.6	-
Payments for Business Acquisitions	-	-	-	1.1	-
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	-567.7	-256.3	-585.4	-275.2	-253.42
Net Long-Term Debt Issued (Repaid)	-229.7	163.1	91	-178.9	295.4
Issuance of Common Stock	2.3	12.5	6.2	8	2.86
Net Common Stock Issued (Repurchased)	2.3	12.5	6.2	8	2.86
Common Dividends Paid	-199.7	-553.3	-586.4	-166.7	-
Other Financing Activities	-33	-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%	-	-
FCF Margin	14.21%	15.67%	19.42%	26.51%	-43.88%
Free Cash Flow Per Share	1.90	2.54	3.41	4.62	-3.47
Levered Free Cash Flow	211.4	1,043	1,072	221.8	14.5
Unlevered Free Cash Flow	237.2	312.74	387.19	433.23	-237.45

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.