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 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|
| Total assets | 3,532 | 3,367 | 3,198 | 3,397 | 3,487 |
| Current assets | 576 | 532 | 518 | 683 | 694 |
| Cash and equivalents | 196 | 158 | 220 | 370 | 362 |
| Receivables | 282 | 228 | 209 | 202 | 229 |
| Inventory | 82.5 | 66.5 | 65.0 | 69.5 | 72.5 |
| Net property, plant and equipment | 2,941 | 2,822 | 2,671 | 2,705 | 2,783 |
| Goodwill | 1.8 | 1.8 | 1.8 | 1.8 | 1.7 |
| Other intangible assets | 3.9 | 4.0 | 2.4 | 2.3 | 2.5 |
| Long-term investments | 4.1 | 2.7 | 0.2 | 0.2 | 0.3 |
| Current liabilities | 411 | 401 | 219 | 266 | 272 |
| Accounts payable | 67.2 | 41.0 | 36.1 | 45.2 | 53.1 |
| Long-term debt | 795 | 714 | 778 | 970 | 1,021 |
| Total debt | 1,082 | 1,003 | 899 | 1,126 | 1,182 |
| Total liabilities | 1,259 | 1,164 | 1,045 | 1,289 | 1,345 |
| Total equity (incl. minority) | 2,273 | 2,203 | 2,153 | 2,107 | 2,142 |
| Retained earnings | 1,915 | 1,789 | 1,693 | 1,604 | 1,541 |
| Minority interest | 0.0 | 0.0 | 0.0 | 0.0 | 0.8 |