TRMD financial statements
The full income statement, balance sheet, and cash-flow statement for TORM plc (TRMD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.34B-14.1% | 1.56B+2.6% | 1.52B+5.3% | 1.44B+133.0% | 620M-17.1% | |
| Operating income | 356M-45.9% | 659M-5.7% | 699M+16.1% | 602M+42987.4% | 1.40M-99.0% | |
| Interest expense | 74.4M+0.4% | 74.1M+21.7% | 60.9M+24.8% | 48.8M+15.1% | 42.4M-15.1% | |
| Pre-tax income | 295M-51.6% | 610M-6.5% | 652M+17.1% | 557M+1466.3% | -40.7M-145.5% | |
| Income tax | 9.20M+560.0% | -2.00M-150.0% | 4.00M+167.8% | -5.90M-539.0% | 1.34M-5.0% | |
| 286M-53.2% | 612M-5.6% | 648M+15.2% | 563M+1436.7% | -42.1M-147.8% | ||
| Net income to common | 285M-53.4% | 613M-5.5% | 648M+15.2% | 563M+1437.2% | -42.1M-147.8% | |
| $2.85-55.2% | $6.36-15.0% | $7.48+10.0% | $6.80+1359.3% | -$0.54-145.4% | ||
| EPS (basic) | $2.91-55.5% | $6.54-15.6% | $7.75+12.0% | $6.92+1381.5% | -$0.54-145.4% | |
| Weighted-avg shares (basic) | 98.2M+4.9% | 93.6M+12.0% | 83.6M+2.8% | 81.3M+4.1% | 78.1M+5.1% | |
| Weighted-avg shares (diluted) | 100M+3.9% | 96.3M+11.1% | 86.7M+4.7% | 82.8M+5.6% | 78.4M+5.5% | |
| Dividends per share | $2.02-65.5% | $5.86-16.4% | $7.01+243.6% | $2.04 | $0.00-100.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 532M-13.6% | 615M-11.0% | 691M-6.6% | 740M+103.6% | 363M+49.1% | ||
| Cash & equivalents | 158M-41.9% | 272M+2.4% | 266M-17.2% | 321M+121.3% | 145M+61.8% | |
| Inventory | 66.5M-2.8% | 68.4M+10.9% | 61.7M-14.3% | 72.0M+47.5% | 48.8M+117.3% | |
| 3.37B-3.0% | 3.47B+20.9% | 2.87B+9.8% | 2.61B+12.1% | 2.33B+16.6% | ||
| Property, plant & equipment | — | — | — | 1.87B-4.9% | 1.96B+12.2% | |
| Goodwill | 1.80M+5.9% | 1.70M-5.6% | 1.80M-1.9% | 1.83M | 0.00 | |
| Total non-current assets | 2.84B-0.7% | 2.85B+31.0% | 2.18B+16.2% | 1.87B-4.7% | 1.97B+12.1% | |
| 401M+40.6% | 285M+7.5% | 265M+28.6% | 206M-32.8% | 307M+56.2% | ||
| Short-term & current debt | — | — | — | — | 209M+103.1% | |
| 1.16B-16.5% | 1.39B+15.8% | 1.20B+8.4% | 1.11B-13.2% | 1.28B+30.3% | ||
| Long-term debt | 714M-32.7% | 1.06B+19.6% | 887M+4.4% | 850M-8.3% | 926M+25.3% | |
| 2.20B+6.2% | 2.07B+24.6% | 1.66B+10.8% | 1.50B+42.7% | 1.05B+3.4% | ||
| Total equity incl. non-controlling | 2.20B+6.2% | 2.07B+24.5% | 1.67B+10.8% | 1.50B+42.9% | 1.05B+3.4% | |
| Common shares issued | 101M+3.6% | 97.8M+13.4% | 86.2M+4.8% | 82.3M+1.3% | 81.2M+8.5% | |
| Common shares outstanding | 101M+4.1% | 97.3M+13.5% | 85.7M+4.8% | 81.8M+1.4% | 80.7M+8.5% | |
| Shares outstanding (cover) | 101M+3.6% | 97.8M+13.4% | 86.2M+4.8% | 82.3M+1.3% | 81.2M+8.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 499M-39.7% | 827M+2.7% | 805M+60.4% | 502M+947.0% | 47.9M-79.7% | ||
| Depreciation & amortization | 215M+11.7% | 192M+28.6% | 149M+7.4% | 139M+6.2% | 131M+7.3% | |
| Capital expenditure | 309M-47.0% | 582M+14.3% | 510M+327.2% | 119M-62.7% | 320M+84.8% | |
| Free cash flow | 190M-22.1% | 244M-17.2% | 295M-22.8% | 383M+240.8% | -272M-533.2% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 338M-19.4% | 419M-38.0% | 676M+602.4% | 96.3M-82.5% | 549M-25.3% | |
| Long-term debt repaid | 568M+121.5% | 256M-56.2% | 585M+112.7% | 275M+8.6% | 253M-66.1% | |
| Common stock issued | 2.30M-81.6% | 12.5M+101.6% | 6.20M-22.5% | 8.00M+179.4% | 2.86M+263.3% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Dividends paid | 200M-63.9% | 553M-5.6% | 586M+251.8% | 167M | 0.00-100.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.98B+4.3% | 1.90B-24.0% | 2.50B+5.6% | 2.37B+266.5% | 647M+22.5% | |
| P/E | 6.9×+123.0% | 3.1×-30.1% | 4.4× | — | — | |
| P/S | 1.5×+21.4% | 1.2×-29.6% | 1.7×-54.7% | 3.8×+266.5% | 1.0×+47.8% | |
| P/B | 0.9×-1.8% | 0.9×-45.0% | 1.7×-26.0% | 2.3×+266.5% | 0.6×+18.5% | |
| P/FCF | 10.4×+33.9% | 7.8×+19.0% | 6.5× | — | — | |
| Earnings yield | 14.4%-55.2% | 32.1%+43.0% | 22.5% | — | — | |
| FCF yield | 9.6%-25.3% | 12.8%-16.0% | 15.3% | — | — | |
| Dividend yield | 10.3%-65.8% | 30.1%+30.7% | 23.1%+229.6% | 7.0% | 0.00%-100.0% | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: TRMD’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TRMD filings on SEC EDGAR → Not investment advice.