TORM plc Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,412	1,340	1,559	1,520	1,443	619.53
Revenue Growth (YoY)	-2.21%	-14.09%	2.55%	5.33%	132.98%	-17.10%
Cost of Revenue	679.3	674	663.6	646.3	661.6	431.41
Gross Profit	733.1	665.5	895.6	874.1	781.8	188.12
Selling, General & Admin	110.8	113.8	95.6	82.9	55	51.54
Depreciation & Amortization Expenses	221	214.5	192	149.3	139	130.85
Other Operating Expenses	-14	-19.1	-50.8	-56.7	-13.7	4.34
Total Operating Expenses	317.8	309.2	236.8	175.5	180.3	186.73
Operating Income	415.3	356.3	658.8	698.6	601.5	1.4
Interest Income	11.2	13.3	24.8	14.3	4	0.24
Interest Expense	-75.7	-74.4	-74.1	-60.9	-48.8	-42.38
Total Non-Operating Income (Expense)	-64.5	-61.1	-49.3	-46.6	-44.8	-42.14
Pretax Income	350.8	295.2	609.5	652	556.7	-40.75
Provision for Income Taxes	5.3	9.2	-2	4	-5.9	1.34
Net Income	345.4	285.3	612.5	648.3	562.8	-42.09
Minority Interest in Earnings	0.1	0.7	-1	-0.3	-0.2	-
Net Income to Common	345.4	285.3	612.5	648.3	562.8	-42.09
Net Income Growth	-25.72%	-53.42%	-5.52%	15.19%	-	-
Shares Outstanding (Basic)	99	98	94	84	81	78
Shares Outstanding (Diluted)	101	100	96	87	83	78
Shares Change (YoY)	2.64%	3.95%	11.07%	4.71%	5.61%	5.52%
EPS (Basic)	3.48	2.91	6.54	7.75	6.92	-0.54
EPS (Diluted)	3.40	2.85	6.36	7.48	6.80	-0.54
EPS Growth	-28.27%	-55.19%	-14.97%	10.00%	-	-
Shares Outstanding	102.1	101.33	97.32	85.73	81.82	80.74
Free Cash Flow	87.8	190.4	244.4	295.3	382.57	-271.84
Free Cash Flow Growth	-53.89%	-22.10%	-17.24%	-22.81%	-	-
Free Cash Flow Per Share	0.87	1.90	2.54	3.41	4.62	-3.47
Dividends Per Share	1.720	2.120	5.100	5.780	4.630	-
Dividend Growth	-18.87%	-58.43%	-11.77%	24.84%	-	-
Gross Margin	51.90%	49.68%	57.44%	57.49%	54.16%	30.37%
Operating Margin	29.40%	26.60%	42.25%	45.95%	41.67%	0.23%
Profit Margin	24.46%	21.35%	39.22%	42.62%	38.98%	-6.79%
FCF Margin	6.22%	14.21%	15.67%	19.42%	26.50%	-43.88%
EBITDA	636.2	570.8	850.8	847.9	740.52	132.25
EBITDA Margin	45.04%	42.61%	54.57%	55.77%	51.30%	21.35%
EBIT	415.3	356.3	658.8	698.6	601.5	1.4
EBIT Margin	29.40%	26.60%	42.25%	45.95%	41.67%	0.23%
Effective Tax Rate	1.51%	3.12%	-0.33%	0.61%	-1.06%	-3.30%

Updated May 13, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q