TORM plc (TRMD) — Financial statements
Income statement, balance sheet, and cash flow for TORM plc — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,390↓10.9% | 1,559↑2.6% | 1,520↑5.3% | 1,443↑133.0% | 620 | |
| Cost of Revenue | 916↑50.0% | 611↑5.3% | 580↓3.2% | 599↑61.0% | 372 | |
| Gross Profit | 474↓50.0% | 949↑0.8% | 941↑11.4% | 845↑241.0% | 248 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 0.00↓100.0% | 96↑15.3% | 83↑50.7% | 55↑6.7% | 52 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 119↑24.1% | 96↑15.3% | 83↑50.7% | 55↑6.7% | 52 | |
| Other Expenses | 0.00↓100.0% | 194↑22.0% | 159↓15.4% | 188↓3.3% | 195 | |
| Operating Expenses | 119↓59.1% | 290↑19.7% | 242↓0.5% | 243↓1.2% | 246 | |
| Total Costs & Expenses | 1,034↑14.9% | 900↑9.6% | 822↓2.4% | 842↑36.2% | 618 | |
| Operating Results | ||||||
| Operating Income | 356↓46.0% | 659↓5.7% | 699↑16.1% | 602↑42987.4% | 1 | |
| Depreciation & Amortization | 223↑15.9% | 192↑28.6% | 149↑7.4% | 139↑6.2% | 131 | |
| EBITDA | 606↓30.5% | 872↑1.7% | 857↑15.2% | 744↑461.9% | 132 | |
| EBIT | 383↓43.7% | 680↓4.0% | 708↑17.0% | 605↑36882.3% | 2 | |
| Interest & Other Income | ||||||
| Net Interest Income | -63↓36.1% | -46↓10.2% | -42↑6.4% | -45↓6.2% | -42 | |
| Interest Income | 14↓41.7% | 24↑66.7% | 14↑255.0% | 4↑1900.0% | 0.20 | |
| Interest Expense | 77↑9.8% | 70↑24.5% | 56↑15.2% | 49↑14.9% | 42 | |
| Non-Operating Income | -27↓30.4% | -21↓121.1% | -10↓143.6% | -4↓1518.3% | -0.24 | |
| Other Income / Expenses | -49↑0.0% | -49↓5.8% | -47↓4.0% | -45↓6.3% | -42 | |
| Income Before Tax | 306↓49.7% | 610↓6.5% | 652↑17.1% | 557↑1466.3% | -41 | |
| Income Tax Expense | 10↑577.3% | -2↓150.0% | 4↑167.8% | -6↓539.0% | 1 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 297↓51.5% | 612↓5.6% | 648↑15.2% | 563↑1436.7% | -42 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 296↓51.7% | 613↓5.5% | 648↑15.2% | 563↑1437.2% | -42 | |
| Bottom-Line Net Income | 296↓51.7% | 613↓5.5% | 648↑15.2% | 563↑1437.2% | -42 | |
| EPS (Basic) | 3.01↓54.0% | 6.54↓15.6% | 7.75↑10.2% | 7.03↑1401.9% | -0.54 | |
| EPS (Diluted) | 2.96↓53.5% | 6.36↓15.0% | 7.48↑8.4% | 6.90↑1377.8% | -0.54 | |
| Weighted Average Shares | 98↑4.9% | 94↑12.0% | 84↑2.8% | 81↑4.1% | 78 | |
| Weighted Average Diluted Shares | 100↑3.9% | 96↑11.1% | 87↑4.7% | 83↑6.0% | 78 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.