TORM plc Income 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
Revenue	1,340	1,559	1,520	1,443	619.53
Revenue Growth (YoY)	-14.09%	2.55%	5.33%	132.98%	-17.10%
Cost of Revenue	674	663.6	646.3	661.6	431.41
Gross Profit	665.5	895.6	874.1	781.8	188.12
Selling, General & Admin	113.8	95.6	82.9	55	51.54
Depreciation & Amortization Expenses	214.5	192	149.3	139	130.85
Other Operating Expenses	-19.1	-50.8	-56.7	-13.7	4.34
Total Operating Expenses	309.2	236.8	175.5	180.3	186.73
Operating Income	356.3	658.8	698.6	601.5	1.4
Interest Income	13.3	24.8	14.3	4	0.24
Interest Expense	-74.4	-74.1	-60.9	-48.8	-42.38
Total Non-Operating Income (Expense)	-61.1	-49.3	-46.6	-44.8	-42.14
Pretax Income	295.2	609.5	652	556.7	-40.75
Provision for Income Taxes	9.2	-2	4	-5.9	1.34
Net Income	285.3	612.5	648.3	562.8	-42.09
Minority Interest in Earnings	0.7	-1	-0.3	-0.2	-
Net Income to Common	285.3	612.5	648.3	562.8	-42.09
Net Income Growth	-53.42%	-5.52%	15.19%	-	-
Shares Outstanding (Basic)	98	94	84	81	78
Shares Outstanding (Diluted)	100	96	87	83	78
Shares Change (YoY)	3.95%	11.07%	4.71%	5.61%	5.52%
EPS (Basic)	2.91	6.54	7.75	6.92	-0.54
EPS (Diluted)	2.85	6.36	7.48	6.80	-0.54
EPS Growth	-55.19%	-14.97%	10.00%	-	-
Shares Outstanding	101.33	97.32	85.73	81.82	80.74
Free Cash Flow	190.4	244.4	295.3	382.57	-271.84
Free Cash Flow Growth	-22.10%	-17.24%	-22.81%	-	-
Free Cash Flow Per Share	1.90	2.54	3.41	4.62	-3.47
Dividends Per Share	2.120	5.100	5.780	4.630	-
Dividend Growth	-58.43%	-11.77%	24.84%	-	-
Gross Margin	49.68%	57.44%	57.49%	54.16%	30.37%
Operating Margin	26.60%	42.25%	45.95%	41.67%	0.23%
Profit Margin	21.35%	39.22%	42.62%	38.98%	-6.79%
FCF Margin	14.21%	15.67%	19.42%	26.50%	-43.88%
EBITDA	570.8	850.8	847.9	740.52	132.25
EBITDA Margin	42.61%	54.57%	55.77%	51.30%	21.35%
EBIT	356.3	658.8	698.6	601.5	1.4
EBIT Margin	26.60%	42.25%	45.95%	41.67%	0.23%
Effective Tax Rate	3.12%	-0.33%	0.61%	-1.06%	-3.30%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q