TORM PLC A financials
Also U.S.-listed. TORM PLC A is also a foreign private issuer filing with the U.S. SEC. View its EDGAR financials: TRMD — TORM plc
TORM PLC A
Country: GB Reporting currency: USD Latest annual report: 2024-12-31
LEI:
213800VL1H1ABVM1ZF63 ISIN: GB00BZ3CNK81 Financial statements
(USD, as reported — unscaled; 110 line items across 3 annual periods)
| Line item | 2024 | 2023 | 2022 |
|---|---|---|---|
| Income statement | |||
| Revenue | $1.56B | $1.52B | $1.44B |
| Administrative expenses | $95.6M | $82.9M | $55.0M |
| Operating expenses | $245.1M | $216.0M | $202.1M |
| Depreciation & amortisation | $192.0M | $149.3M | $139.0M |
| Operating profit (EBIT) | $658.8M | $698.6M | $601.5M |
| Finance costs | $74.1M | $60.9M | $48.8M |
| Profit before tax | $609.5M | $652.0M | $556.7M |
| Income tax expense | -$2.0M | $4.0M | -$5.9M |
| Profit for the year | $611.5M | $648.0M | $562.6M |
| — attributable to owners | $612.5M | $648.3M | $562.8M |
| — attributable to NCI | -$1.0M | -$300.0K | -$200.0K |
| Total comprehensive income | $600.8M | $633.7M | $605.6M |
| Per share | |||
| Basic EPS | $6.54 | $7.75 | $6.92 |
| Diluted EPS | $6.36 | $7.48 | $6.80 |
| Free cash flow / share | $2.54 | $3.41 | $4.63 |
| Cash flow statement | |||
| Net cash from operating activities | $826.8M | $805.0M | $502.0M |
| Income taxes paid | $1.3M | $3.1M | $700.0K |
| Net cash from investing activities | -$442.1M | -$370.6M | $11.3M |
| Purchase of PP&E (capex) | $582.4M | $509.7M | $119.3M |
| Purchase of intangibles | $1.1M | $600.0K | $600.0K |
| Net cash from financing activities | -$378.3M | -$489.4M | -$337.6M |
| Dividends paid | $553.3M | $586.4M | $166.7M |
| Proceeds from borrowings | $419.4M | $676.4M | $96.3M |
| Repayments of borrowings | $256.3M | $585.4M | $275.2M |
| Balance sheet | |||
| Total assets | $3.47B | $2.87B | $2.61B |
| Non-current assets | $2.85B | $2.18B | $1.87B |
| Property, plant & equipment | $2.84B | $2.17B | $1.87B |
| Intangible assets & goodwill | $3.7M | $3.6M | $3.7M |
| Current assets | $615.3M | $691.2M | $739.7M |
| Inventories | $68.4M | $61.7M | $72.0M |
| Trade & other receivables | $183.9M | $211.0M | $259.5M |
| Cash & equivalents | $291.2M | $295.6M | $323.8M |
| Total equity | $2.07B | $1.67B | $1.50B |
| — attributable to owners | $2.07B | $1.66B | $1.50B |
| Non-controlling interests | $800.0K | $1.9M | $2.3M |
| Non-current liabilities | $1.11B | $938.7M | $904.1M |
| Long-term borrowings | $1.06B | $886.9M | $849.8M |
| Current liabilities | $285.4M | $265.4M | $206.4M |
| Short-term borrowings | $165.3M | $172.7M | $117.1M |
| Deferred tax liabilities | $300.0K | $3.6M | $6.1M |
| Derived metrics | |||
| Free cash flow | $244.4M | $295.3M | $382.7M |
| Operating margin | 42.3% | 45.9% | 41.7% |
| Net margin | 39.2% | 42.6% | 39.0% |
| Return on equity | 29.5% | 38.9% | 37.4% |
| Cash conversion ratio | 1.35× | 1.24× | 0.89× |
| Capex coverage | 1.42× | 1.58× | 4.21× |
| Other reported items | |||
| Adjustments For Depreciation and Amortisation Expense | $192.0M | $149.3M | $139.0M |
| Adjustments For Finance Costs | $74.1M | $60.9M | $48.8M |
| Adjustments For Finance Income | $24.8M | $14.3M | $4.0M |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss Property Plant and Equipment | $0 | $0 | $2.6M |
| Adjustments For Income Tax Expense | -$2.0M | $4.0M | -$5.9M |
| Cash and Cash Equivalents If Different From Statement of Financial Position | $271.9M | $265.5M | $320.5M |
| Cash Flows From Used In Decrease Increase In Restricted Cash and Cash Equivalents | $10.8M | -$26.7M | $23.5M |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | $0 | $0 | -$1.1M |
| Changes In Equity | $408.8M | $162.3M | $449.1M |
| Comprehensive Income Attributable To Noncontrolling Interests | -$1.1M | -$400.0K | -$100.0K |
| Comprehensive Income Attributable To Owners of Parent | $601.9M | $634.1M | $605.7M |
| Construction In Progress | $4.6M | $4.2M | $0 |
| Current Advances | $7.5M | $3.3M | $900.0K |
| Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | $615.3M | $644.0M | $739.7M |
| Current Prepayments | $12.2M | $15.2M | $10.4M |
| Current Provisions | $600.0K | $500.0K | $6.8M |
| Current Tax Liabilities Current | $700.0K | $600.0K | $2.0M |
| Deferred Tax Assets | $3.1M | $400.0K | $600.0K |
| Equity and Liabilities | $3.47B | $2.87B | $2.61B |
| Finance Income | $24.8M | $14.3M | $4.0M |
| Gains Losses On Cash Flow Hedges Before Tax | $7.1M | $3.1M | $54.9M |
| Impairment Loss Recognised In Profit Or Loss Property Plant and Equipment | $0 | $0 | $2.6M |
| Income Tax Relating To Components of Other Comprehensive Income | -$2.6M | -$4.6M | $13.2M |
| Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss | -$2.6M | -$4.6M | $13.2M |
| Increase Decrease In Cash and Cash Equivalents | $6.4M | -$55.0M | $175.7M |
| Increase Decrease In Working Capital | -$47.8M | -$47.8M | $180.9M |
| Increase Decrease Through Acquisition of Subsidiary | — | $0 | $2.4M |
| Increase Decrease Through Sharebased Payment Transactions | $30.2M | $22.5M | $2.2M |
| Intangible Assets Other Than Goodwill | $2.0M | $1.8M | $1.9M |
| Interest Paid Classified As Operating Activities | $66.9M | $66.0M | $49.5M |
| Interest Received Classified As Operating Activities | $24.8M | $14.3M | $4.0M |
| Investments In Joint Ventures Accounted For Using Equity Method | $100.0K | $100.0K | $100.0K |
| Issue of Equity | $331.7M | $92.7M | $8.0M |
| Issued Capital | $1.0M | $900.0K | $800.0K |
| Land and Buildings | $8.1M | $5.5M | $3.8M |
| Liabilities | $1.39B | $1.20B | $1.11B |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | $0 | $47.2M | $0 |
| Noncurrent Financial Assets | $7.9M | $5.0M | $5.5M |
| Noncurrent Investments Other Than Investments Accounted For Using Equity Method | $200.0K | $0 | $200.0K |
| Noncurrent Loans and Receivables | $4.5M | $4.5M | $4.6M |
| Other Adjustments For Noncash Items | $22.9M | $14.5M | -$3.6M |
| Other Comprehensive Income | -$10.7M | -$14.3M | $43.0M |
| Other Comprehensive Income Before Tax | -$13.3M | -$18.9M | $56.2M |
| Other Comprehensive Income Before Tax Exchange Differences On Translation | -$600.0K | $0 | -$500.0K |
| Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans | -$100.0K | $0 | $0 |
| Other Current Liabilities | $61.3M | $45.2M | $31.1M |
| Other Current Receivables | $59.6M | $60.5M | $74.0M |
| Other Noncurrent Liabilities | $2.9M | $3.0M | $3.0M |
| Other Operating Income Expense | -$500.0K | $6.3M | $5.9M |
| Other Property Plant and Equipment | $3.3M | $4.4M | $5.6M |
| Payments For Share Issue Costs | $600.0K | $200.0K | $0 |
| Proceeds From Issuing Shares | $12.5M | $6.2M | $8.0M |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | $130.6M | $166.4M | $106.6M |
| Reclassification Adjustments On Cash Flow Hedges Before Tax | $19.7M | $22.0M | -$1.7M |
| Reduction of Issued Capital | $0 | — | — |
| Reserve of Cash Flow Hedges | $15.5M | $25.6M | $39.9M |
| Reserve of Exchange Differences On Translation | -$800.0K | -$400.0K | -$500.0K |
| Restricted Cash and Cash Equivalents | $19.3M | $30.1M | $3.3M |
| Retained Earnings | $1.47B | $1.38B | $1.30B |
| Share Issue Related Cost | $600.0K | $200.0K | — |
| Share of Profit Loss of Joint Ventures Accounted For Using Equity Method | $0 | $0 | $200.0K |
| Share Premium | $271.0M | $260.0M | $167.6M |
| Trade and Other Current Payables To Trade Suppliers | $50.0M | $43.1M | $48.5M |
| Treasury Shares | $4.2M | $4.2M | $4.2M |
Methodology
Every line item above is a fact tagged in TORM PLC A's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (USD), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.