How TORM makes money

Period

FY2025

How does TORM make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

TORM plc · FY2025 · year ended 2025-12-31

Revenue$1.3BGross profit$1.3B · 100%Cost of revenue$0 · 0%Operating income$356M · 27%Operating expenses$983M · 73%Other opex$983M · 73%Pre-tax income$295M · 22%Other expense$61M · 5%Net income$286M · 21%Income tax$9M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.