TORM revenue and financials
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In the fiscal year ended December 2025, TORM reported revenue of $1.34B (−14.09% year over year). Net income was $285.3M, a net margin of 21.3%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- −14.09%
- 2025 vs 2024
- Net income growth
- −53.42%
- 2025 vs 2024
- Net margin
- 21.3%
- 2024: 39.3%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total revenue | 1,340 | 1,559 | 1,520 | 1,443 | — |
| Cost of revenue | 636 | 611 | 580 | 599 | — |
| Gross profit | 703 | 949 | 941 | 845 | — |
| Selling, general and administrative | 114 | 95.6 | 82.9 | 55.0 | — |
| Operating income | 337 | 608 | 648 | 594 | — |
| EBIT | 364 | 680 | 708 | 605 | — |
| EBITDA | 579 | 872 | 857 | 744 | — |
| Interest expense | 69.1 | 70.3 | 56.1 | 48.7 | — |
| Pre-tax income | 295 | 610 | 652 | 557 | — |
| Income tax | 9.2 | -2.0 | 4.0 | -5.9 | — |
| Net income | 285 | 613 | 648 | 563 | — |
| Net income to common shareholders | 285 | 613 | 648 | 563 | — |
| Basic EPS | 2.91 | 6.54 | 7.75 | 6.92 | — |
| Diluted EPS | 2.85 | 6.36 | 7.48 | 6.80 | — |
| Average shares (basic) | 98.2 | 93.6 | 83.6 | 81.3 | — |
| Average shares (diluted) | 100 | 96.3 | 86.7 | 82.8 | — |