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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Total revenue | — | 402 | 353 | 343 | 315 | 329 |
| Cost of revenue | — | 174 | 156 | 159 | 157 | 164 |
| Gross profit | — | 228 | 196 | 184 | 158 | 165 |
| Selling, general and administrative | — | 23.0 | 29.2 | 29.2 | 24.5 | 25.9 |
| Operating income | — | 137 | 97.6 | 97.7 | 69.2 | 72.9 |
| EBIT | — | 143 | 97.6 | 103 | 78.2 | 86.1 |
| EBITDA | — | 203 | 154 | 156 | 130 | 139 |
| Interest expense | — | 18.9 | 10.0 | 23.7 | 17.8 | 17.8 |
| Pre-tax income | — | 124 | 87.6 | 78.8 | 60.4 | 68.3 |
| Income tax | — | 1.6 | 0.8 | 1.2 | 1.7 | 5.4 |
| Net income | — | 122 | 86.8 | 77.6 | 58.6 | 62.9 |
| Net income to common shareholders | — | 122 | 86.8 | 77.6 | 58.6 | 62.9 |
| Basic EPS | 3.31 | 1.21 | — | 0.79 | 0.60 | 0.64 |
| Diluted EPS | 3.25 | 1.18 | — | 0.77 | 0.58 | 0.62 |
| Average shares (basic) | 102 | 102 | — | 98.0 | 97.8 | 97.4 |
| Average shares (diluted) | 104 | 103 | — | 101 | 101 | 101 |
