TORM plc (TRMD)

TORM plc Cash Flow Statement

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

Operating Activities

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
Net Income	746.6	285.3	612.5	648.3	562.8	-42.09
Depreciation & Amortization	237.5	214.5	192	149.3	139	130.85
Loss (Gain) From Sale of Assets	-21.2	-19	-51.3	-50.4	-10.2	-
Asset Writedown & Restructuring Costs	-	-	-	-	2.6	4.65
Loss (Gain) From Sale of Investments	1.3	1.3	1.7	2.2	2.4	1.4
Loss (Gain) on Equity Investments	-	-	-	-	-0.2	0.1
Stock-Based Compensation	34.1	34.1	30.2	22.5	2.2	2.3
Other Operating Activities	-14.7	16.2	-6.1	-14.7	-15.7	-0.77
Change in Accounts Receivable	-33.2	-33.2	41.7	45.2	-158.1	-37.5
Change in Inventory	-96.5	-1.3	-10.2	1.2	-21.8	-26.9
Change in Accounts Payable	4.8	4.8	7.9	3.2	4.7	19.4
Change in Other Net Operating Assets	-3.8	-3.8	8.4	-1.8	-5.7	-3.49
Operating Cash Flow	854.9	498.9	826.8	805	502	47.95
Operating Cash Flow Growth	76.41%	-39.66%	2.71%	60.36%	946.97%	-79.67%

Investing Activities

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
Capital Expenditures	-528	-308.5	-582.4	-509.7	-119.3	-319.79
Sale of Property, Plant & Equipment	90.8	143.8	130.6	166.4	106.6	10.03
Cash Acquisitions	-	-	-	-	1.1	-
Sale (Purchase) of Intangibles	-3	-1.8	-1.1	-0.6	-0.6	-
Other Investing Activities	7.9	13.9	10.8	-26.7	23.5	19.16
Investing Cash Flow	-432.3	-152.6	-442.1	-370.6	11.3	-290.59

Financing Activities

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
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)	234.8	-258.8	163.1	91	-178.9	295.4
Issuance of Common Stock	31.1	2.3	12.5	6.2	8	2.86
Common Dividends Paid	-451.5	-199.7	-553.3	-586.4	-166.7	-
Other Financing Activities	-0.1	-3.9	-0.6	-0.2	-	-0.29
Financing Cash Flow	-185.7	-460.1	-378.3	-489.4	-337.6	297.98

Net Cash Flow

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
Net Cash Flow	236.9	-113.8	6.4	-55	175.7	55.33

Free Cash Flow

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
Free Cash Flow	326.9	190.4	244.4	295.3	382.7	-271.84
Free Cash Flow Growth	32.56%	-22.10%	-17.24%	-22.84%	-	-
Free Cash Flow Margin	17.05%	14.21%	15.68%	19.42%	26.51%	-43.88%
Free Cash Flow Per Share	3.18	1.90	2.54	3.41	4.62	-3.47
Levered Free Cash Flow	100.69	67.71	84.13	29.09	153.71	-268.05
Unlevered Free Cash Flow	141.19	111.21	128.19	64.03	183.4	-242.73

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
Cash Interest Paid	65.4	70	66.9	66	49.5	41.05
Cash Income Tax Paid	3.2	2.7	1.3	3.1	0.7	1.38
Change in Working Capital	-128.7	-33.5	47.8	47.8	-180.9	-48.49

SEC Filings: 10-K · 10-Q

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 10, 2026

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