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 assets | 3,367 | 3,470 | 2,870 | 2,614 | — |
| Current assets | 532 | 615 | 691 | 740 | — |
| Cash and equivalents | 158 | 272 | 266 | 321 | — |
| Receivables | 228 | 211 | 220 | 263 | — |
| Inventory | 66.5 | 68.4 | 61.7 | 72.0 | — |
| Net property, plant and equipment | 2,822 | 2,843 | 2,170 | 1,865 | — |
| Goodwill | 1.8 | 1.7 | 1.8 | 1.8 | — |
| Other intangible assets | 4.0 | 2.0 | 1.8 | 1.9 | — |
| Long-term investments | 2.7 | 0.3 | 0.1 | 0.3 | — |
| Current liabilities | 401 | 285 | 265 | 206 | — |
| Accounts payable | 41.0 | 50.0 | 43.1 | 48.5 | — |
| Long-term debt | 714 | 1,061 | 887 | 850 | — |
| Total debt | 1,003 | 1,226 | 1,060 | 967 | — |
| Total liabilities | 1,164 | 1,395 | 1,204 | 1,111 | — |
| Total equity (incl. minority) | 2,203 | 2,075 | 1,666 | 1,504 | — |
| Retained earnings | 1,789 | 1,472 | 1,382 | 1,298 | — |
| Minority interest | 0.0 | 0.8 | 1.9 | 2.3 | — |