Fundies.
English

TORM plc

ESEF
Report (type unavailable) · filed 2026-10-21

Annual consolidated revenue for 2025: about USD 1.34B, using the latest reported figures. The previous period, 2024, was about USD 1.559B.

Inspect reported changes Compare with another company Historical disclosures Segments
Watchlist

Latest fiscal year

Revenue

1.34 billion USD

2025 · USD

Exact inputs and evidence
  • Revenue: 1339500000 USD Source

Operating margin

26.6%

2025 · %

Exact inputs and evidence
  • Operating Income: 356300000 USD Source
  • Revenue: 1339500000 USD Source

Operating cash flow

499 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: 498900000 USD Source

Free cash flow

190 million USD

2025 · USD

Exact inputs and evidence
  • Operating Cash Flow: 498900000 USD Source
  • Capital Expenditure: 308500000 USD Source
Cash and cash equivalents
164 million USD Source
Exact value

163500000 USD

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-21.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 4 of 11 periods available· newest 2025-12-31
  • Operating income: 4 of 11 periods available· newest 2025-12-31
  • Net income: 4 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 4 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 4 of 11 periods available· newest 2025-12-31
  • Total assets: 4 of 11 periods available· newest 2025-12-31
  • Total liabilities: 4 of 11 periods available· newest 2025-12-31
  • Current assets: 4 of 11 periods available· newest 2025-12-31
  • Current liabilities: 4 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 4 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -14.1%

    Prior period

    USD 1.56 billion

    –

    Current period

    USD 1.34 billion

    –

    Exact inputs and evidence

    1339500000 − 1559200000 = -219700000 USD

    1559200000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1339500000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    -53.4%

    Prior period

    USD 612.5 million

    –

    Current period

    USD 285.3 million

    –

    Exact inputs and evidence

    285300000 − 612500000 = -327200000 USD

    612500000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    285300000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    -39.7%

    Prior period

    USD 826.8 million

    –

    Current period

    USD 498.9 million

    –

    Exact inputs and evidence

    498900000 − 826800000 = -327900000 USD

    826800000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    498900000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -47%

    Prior period

    USD 582.4 million

    –

    Current period

    USD 308.5 million

    –

    Exact inputs and evidence

    308500000 − 582400000 = -273900000 USD

    582400000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    308500000 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 1.34 billion 100% of revenue
  • Operating costs Derived USD 983.2 million 73% of revenue
  • Operating income USD 356.3 million 27% of revenue
  • Tax, interest and other Derived USD 71 million 5.3% of revenue
  • Net income USD 285.3 million 21% of revenue

Cash

  • Operating cash flow USD 498.9 million 37% of revenue
  • Capital expenditure USD 308.5 million 23% of revenue
  • Free cash flow Derived USD 190.4 million 14% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2022 39%58%
  • 2023 43%54%
  • 2024 39%58%
  • 2025 21%73%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2022 2022-01-01 – 2022-12-311443400000 841900000 Derived 601500000 38700000 Derived 562800000 382700000 Derived
Source
2023 2023-01-01 – 2023-12-311520400000 821800000 Derived 698600000 50300000 Derived 648300000 295300000 Derived
Source
2024 2024-01-01 – 2024-12-311559200000 900400000 Derived 658800000 46300000 Derived 612500000 244400000 Derived
Source
2025 2025-01-01 – 2025-12-311339500000 983200000 Derived 356300000 71000000 Derived 285300000 190400000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 1.3B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.7B1.3B842.0M421.0M0.02022202320242025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Revenue1443400000
2023Revenue1520400000
2024Revenue1559200000
2025Revenue1339500000

Revenue growth

Change in revenue from the same financial period one year earlier.

-14.1% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.6.9%1.3%-4.4%-10.0%-15.6%2022202320242025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2022Year over yearNo prior comparable period
2023Year over year5.3%
2024Year over year2.6%
2025Year over year-14.1%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 26.6% 2025
Net margin 21.3% 2025
Free cash flow margin 14.2% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.50%37%25%12%0%2022202320242025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2022Operating margin41.7%
2023Operating margin45.9%
2024Operating margin42.3%
2025Operating margin26.6%
2022Net margin39%
2023Net margin42.6%
2024Net margin39.3%
2025Net margin21.3%
2022Free cash flow margin26.5%
2023Free cash flow margin19.4%
2024Free cash flow margin15.7%
2025Free cash flow margin14.2%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 498.9M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.892.9M669.7M446.5M223.2M0.02022202320242025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Operating cash flow502000000
2023Operating cash flow805000000
2024Operating cash flow826800000
2025Operating cash flow498900000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 190.4M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.413.3M310.0M206.7M103.3M0.02022202320242025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2022Free cash flow382700000
2023Free cash flow295300000
2024Free cash flow244400000
2025Free cash flow190400000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

34.6% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.46%34%23%11%0%2022202320242025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2022Liabilities / assets42.5%
2023Liabilities / assets42%
2024Liabilities / assets40.2%
2025Liabilities / assets34.6%

Current assets to current liabilities

Current assets divided by current liabilities.

1.33× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.3.87×2.90×1.94×0.97×0.00×2022202320242025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2022Current assets / current liabilities3.58×
2023Current assets / current liabilities2.6×
2024Current assets / current liabilities2.16×
2025Current assets / current liabilities1.33×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2022 2022-01-01 – 2022-12-31
USD 562.8 million
Exact value

Exact value: 562800000 USD

2022-01-01 – 2022-12-31: 562800000 USD Inspect Net Income Open source
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USD 502 million
Exact value

Exact value: 502000000 USD

2022-01-01 – 2022-12-31: 502000000 USD Inspect Operating Cash Flow Open source
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USD 119.3 million
Exact value

Exact value: 119300000 USD

2022-01-01 – 2022-12-31: 119300000 USD Inspect Capital Expenditure Open source
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USD 382.7 million
Calculation and evidence

502000000 − 119300000 USD

Exact free cash flow: 382700000 USD

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2023 2023-01-01 – 2023-12-31
USD 648.3 million
Exact value

Exact value: 648300000 USD

2023-01-01 – 2023-12-31: 648300000 USD Inspect Net Income Open source
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USD 805 million
Exact value

Exact value: 805000000 USD

2023-01-01 – 2023-12-31: 805000000 USD Inspect Operating Cash Flow Open source
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USD 509.7 million
Exact value

Exact value: 509700000 USD

2023-01-01 – 2023-12-31: 509700000 USD Inspect Capital Expenditure Open source
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USD 295.3 million
Calculation and evidence

805000000 − 509700000 USD

Exact free cash flow: 295300000 USD

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2024 2024-01-01 – 2024-12-31
USD 612.5 million
Exact value

Exact value: 612500000 USD

2024-01-01 – 2024-12-31: 612500000 USD Inspect Net Income Open source
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USD 826.8 million
Exact value

Exact value: 826800000 USD

2024-01-01 – 2024-12-31: 826800000 USD Inspect Operating Cash Flow Open source
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USD 582.4 million
Exact value

Exact value: 582400000 USD

2024-01-01 – 2024-12-31: 582400000 USD Inspect Capital Expenditure Open source
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USD 244.4 million
Calculation and evidence

826800000 − 582400000 USD

Exact free cash flow: 244400000 USD

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2025 2025-01-01 – 2025-12-31
USD 285.3 million
Exact value

Exact value: 285300000 USD

2025-01-01 – 2025-12-31: 285300000 USD Inspect Net Income Open source
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USD 498.9 million
Exact value

Exact value: 498900000 USD

2025-01-01 – 2025-12-31: 498900000 USD Inspect Operating Cash Flow Open source
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USD 308.5 million
Exact value

Exact value: 308500000 USD

2025-01-01 – 2025-12-31: 308500000 USD Inspect Capital Expenditure Open source
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USD 190.4 million
Calculation and evidence

498900000 − 308500000 USD

Exact free cash flow: 190400000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

2 filings · 349 latest values · 349 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 213800VL1H1ABVM1ZF63, esef:213800VL1H1ABVM1ZF63