Company research
TORM plc
CIK 1655891Updated Nov 9, 2026
SecurityTRMD · NASDAQ · equity
TRMD price & chart
Loading TradingView…
NASDAQ:TRMD on TradingView ↗About the company
TORM is one of the world’s leading carriers of refined oil products. TORM operates a fleet of product tanker vessels with a strong commitment to safety. environmental responsibility and customer service. TORM was founded in 1889 and conducts business worldwide. TORM’s shares are listed on Nasdaq in Copenhagen and on Nasdaq in New York (ticker: TRMD A and TRMD. ISIN: GB00BZ3CNK81). For further information. Please visit www.torm.com.
In the news
TORM plc announces closing of secondary public offering of its class A common shares ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
cash flow · annual statements
| Line item | Q4 2023 | Q4 2022 | Q3 2023 | Q3 2022 | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2022 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Profit or LossUSD | — | — | 124,300,000Source | 217,100,000Source | 58,700,000Source | 194,200,000Source | 185,400,000Source | 106,600,000Source | 286,000,000Source | 611,500,000Source | 647,967,000Source | 562,574,000Source |
| Cash flows from financing activities: | ||||||||||||
| Dividends paid | — | — | —Source | —Source | — | — | — | — | —Source | —Source | —Source | —Source |
| Additional Financial Items | ||||||||||||
| AdjustmentsForCurrentTaxOfPriorPeriodUSD | — | — | — | — | — | — | — | — | -300,000Source | -1,000,000Source | 0Source | -100,000Source |
| AdjustmentsForFinanceCostsUSD | — | — | 16,500,000Source | 12,500,000Source | — | — | — | — | 74,400,000Source | 74,100,000Source | 60,858,000Source | 48,793,000Source |
| AdjustmentsForFinanceIncomeUSD | — | — | 4,200,000Source | 1,200,000Source | — | — | — | — | 13,300,000Source | 24,800,000Source | 14,259,000Source | 4,037,000Source |
| AdjustmentsForIncomeTaxExpenseUSD | — | — | 3,400,000Source | 200,000Source | — | — | — | — | 9,200,000Source | -2,000,000Source | 4,035,000Source | -5,911,000Source |
| AdjustmentsForSharebasedPaymentsUSD | — | — | — | — | — | — | — | — | 34,100,000Source | 30,200,000Source | 22,500,000Source | 2,200,000Source |
| AdjustmentsForUnrealisedForeignExchangeLossesGainsUSD | — | — | — | — | — | — | — | — | 500,000Source | -600,000Source | 100,000Source | -300,000Source |
| DividendsPaidClassifiedAsFinancingActivitiesUSD | — | — | 126,600,000Source | 47,300,000Source | — | — | — | — | 199,700,000Source | 553,300,000Source | 586,384,000Source | 166,658,000Source |
| DividendsPaidOrdinarySharesPerShareUSD per share | — | — | 1.5Source | 0.58Source | — | — | — | — | — | — | — | 2.04Source |
| DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersUSD | — | — | — | — | — | 0Source | 0Source | — | 0Source | 0Source | 126,300,000Source | — |
| DividendsRecognisedAsDistributionsToOwnersOfParentRelatingToCurrentYearUSD | — | — | 123,200,000Source | 119,000,000Source | — | — | — | — | 209,900,000Source | 485,300,000Source | 370,900,000Source | 378,700,000Source |
| GoodwillUSD | — | — | 1,700,000Source | 1,900,000Source | 1,800,000Source | 1,800,000Source | 1,800,000Source | — | 1,800,000Source | 1,700,000Source | 1,795,000Source | 1,835,000Source |
| IncreaseDecreaseInWorkingCapitalUSD | — | — | -30,200,000Source | 72,200,000Source | — | — | — | — | 33,500,000Source | -47,800,000Source | -47,817,000Source | 180,915,000Source |
| InterestPaidClassifiedAsOperatingActivitiesUSD | — | — | 17,700,000Source | 12,100,000Source | — | — | — | — | 70,000,000Source | 66,900,000Source | 65,995,000Source | 49,631,000Source |
| InterestReceivedClassifiedAsOperatingActivitiesUSD | — | — | 4,000,000Source | 1,300,000Source | — | — | — | — | 11,900,000Source | 24,800,000Source | 14,259,000Source | 4,037,000Source |
| ProceedsFromBorrowingsClassifiedAsFinancingActivitiesUSD | — | — | 126,400,000Source | 38,100,000Source | — | — | — | — | 338,000,000Source | 419,400,000Source | 676,374,000Source | 96,254,000Source |
| ProceedsFromIssuingSharesUSD | — | — | — | 1,300,000Source | — | — | — | — | 2,300,000Source | 12,500,000Source | 6,187,000Source | 8,015,000Source |
| ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivitiesUSD | — | — | 18,300,000Source | 63,500,000Source | — | — | — | — | 143,800,000Source | 130,600,000Source | 166,362,000Source | 106,623,000Source |
| PurchaseOfIntangibleAssetsClassifiedAsInvestingActivitiesUSD | — | — | — | — | — | — | — | — | 1,800,000Source | 1,100,000Source | 563,000Source | 618,000Source |
| RepaymentsOfBorrowingsClassifiedAsFinancingActivitiesUSD | — | — | 195,200,000Source | 94,000,000Source | — | — | — | — | 567,700,000Source | 256,300,000Source | 585,404,000Source | 275,155,000Source |
income statement · annual statements
| Line item | Q4 2023 | Q4 2022 | Q3 2023 | Q3 2022 | Q2 2025 | Q2 2024 | Q2 2023 | Q2 2022 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Additional Financial Items | ||||||||||||
| AdministrativeExpenseUSD | — | — | 19,000,000Source | 13,400,000Source | 24,500,000Source | 23,800,000Source | 21,900,000Source | 12,500,000Source | 113,800,000Source | 95,600,000Source | 82,932,000Source | 55,005,000Source |
| AuditorsRemunerationForTaxServicesUSD | — | — | — | — | — | — | — | — | 0Source | 0Source | 0Source | 0Source |
| AverageEffectiveTaxRatenumber | — | — | — | — | — | — | — | — | 0.03Source | 0Source | 0.01Source | -0.01Source |
| BasicEarningsLossPerShareUSD per share | — | — | 1.47Source | 2.66Source | 0.6Source | 2.08Source | 2.23Source | 1.31Source | 2.91Source | 6.54Source | 7.75Source | 6.92Source |
| CurrentTaxExpenseIncomeUSD | — | — | — | — | — | — | — | — | 1,400,000Source | 1,000,000Source | 600,000Source | 500,000Source |
| DeferredTaxExpenseIncomeUSD | — | — | — | — | — | — | — | — | 6,700,000Source | -3,300,000Source | 2,200,000Source | -7,300,000Source |
| DeferredTaxExpenseIncomeRecognisedInProfitOrLossUSD | — | — | — | — | — | — | — | — | — | — | — | 7,300,000Source |
| DepreciationAndAmortisationExpenseUSD | — | — | 38,200,000Source | 33,800,000Source | 52,200,000Source | 46,800,000Source | 37,000,000Source | — | 214,500,000Source | 192,000,000Source | 149,311,000Source | 139,023,000Source |
| DilutedEarningsLossPerShareUSD per share | — | — | 1.42Source | 2.63Source | 0.58Source | 2.02Source | 2.14Source | 1.31Source | 2.85Source | 6.36Source | 7.48Source | 6.8Source |
| EmployeeBenefitsExpenseUSD | — | — | 17,700,000Source | 11,100,000Source | 22,100,000Source | 21,400,000Source | 20,800,000Source | 11,400,000Source | 97,300,000Source | 86,900,000Source | 77,900,000Source | 49,700,000Source |
| ExpenseFromSharebasedPaymentTransactionsWithEmployeesUSD | — | — | — | — | — | — | — | — | 34,100,000Source | 30,300,000Source | 23,000,000Source | 2,900,000Source |
| FinanceCostsUSD | — | — | 16,500,000Source | 12,500,000Source | 17,800,000Source | 18,900,000Source | 18,000,000Source | 12,000,000Source | 74,400,000Source | 74,100,000Source | 60,858,000Source | 48,793,000Source |
| FinanceIncomeUSD | — | — | 4,200,000Source | 1,200,000Source | 3,600,000Source | 7,700,000Source | 2,600,000Source | 300,000Source | 13,300,000Source | 24,800,000Source | 14,259,000Source | 4,037,000Source |
| ImpairmentLossRecognisedInProfitOrLossGoodwillUSD | — | — | — | — | — | — | — | — | — | 0Source | — | 0Source |
| ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossUSD | — | — | — | -200,000Source | — | — | — | 200,000Source | 0Source | 0Source | 0Source | 2,647,000Source |
| IncomeTaxExpenseContinuingOperationsUSD | — | — | 3,400,000Source | 200,000Source | 1,700,000Source | -1,100,000Source | -1,000,000Source | 400,000Source | 9,200,000Source | -2,000,000Source | 4,035,000Source | -5,911,000Source |
| InterestExpenseOnLeaseLiabilitiesUSD | — | — | — | — | — | — | — | — | 800,000Source | 600,000Source | 500,000Source | 200,000Source |
| OperatingLeaseIncomeUSD | — | — | — | — | — | — | — | — | 129,300,000Source | 145,600,000Source | 43,800,000Source | 64,700,000Source |
| OtherEmployeeExpenseUSD | — | — | — | — | — | — | — | — | 2,600,000Source | 4,700,000Source | 2,800,000Source | 3,200,000Source |
| OtherFinanceCostUSD | — | — | — | — | — | — | — | — | 1,500,000Source | 1,000,000Source | 3,300,000Source | 200,000Source |
| OtherOperatingIncomeExpenseUSD | — | — | -300,000Source | -300,000Source | -100,000Source | -200,000Source | -200,000Source | 6,700,000Source | 100,000Source | -500,000Source | 6,355,000Source | 5,992,000Source |
| PostemploymentBenefitExpenseDefinedContributionPlansUSD | — | — | — | — | — | — | — | — | 4,700,000Source | 4,200,000Source | 3,800,000Source | 3,300,000Source |
| ProfitLossAttributableToNoncontrollingInterestsUSD | — | — | — | — | 100,000Source | -300,000Source | -400,000Source | — | 700,000Source | -1,000,000Source | -298,000Source | -180,000Source |
| ProfitLossAttributableToOwnersOfParentUSD | — | — | 124,300,000Source | 217,100,000Source | 58,600,000Source | 194,500,000Source | 185,800,000Source | — | 285,300,000Source | 612,500,000Source | 648,265,000Source | 562,754,000Source |
| ProfitLossBeforeTaxUSD | — | — | 127,700,000Source | 217,300,000Source | 60,400,000Source | 193,100,000Source | 184,400,000Source | 107,000,000Source | 295,200,000Source | 609,500,000Source | 652,002,000Source | 556,663,000Source |
| ProfitLossFromOperatingActivitiesUSD | — | — | 140,000,000Source | 228,600,000Source | 74,600,000Source | 204,300,000Source | 199,800,000Source | 118,700,000Source | 356,300,000Source | 658,800,000Source | 698,601,000Source | 601,419,000Source |
Filing attachments
p15147800ex_99-1.htm · 6-K · 2026-11-06
Exhibit 99.1 COMPANY ANNOUNCEMENT TORM plc Q3 2026 Results, Dividend Distribution, and Financial Outlook 2026 “Favorable market conditions, healthy transportation demand, and strong execution contributed to a strong third quarter,” said Jacob Meldgaard, CEO of TORM, adding, “We remain confident in the long-term outlook for the product tanker market and are investing selectively in additional newbuildings to renew and grow our fleet, while building on our track record of market-leading perfo…
Read attachment ↗p15147800ex_99-2.htm · 6-K · 2026-11-06
Exhibit 99.2 Highlights “Favorable market conditions, healthy transportation demand, and strong execution contributed to a strong third quarter,” said Jacob Meldgaard, CEO of TORM, adding, “We remain confident in the long-term outlook for the product tanker market and are investing selectively in additional newbuildings to renew and grow our fleet, while building on our track record of market-leading performance.” ────────────────────────────────────────────────────────────────────────────…
Read attachment ↗p15146295ex_99-1.htm · 6-K · 2026-11-03
Exhibit 99.1 COMPANY ANNOUNCEMENT TORM plc - Update on Shareholder Engagement Following the 2026 AGM TORM plc (Nasdaq: TRMD or TRMD A (At the Annual General Meeting held on 15 April 2026, the Directors' Remuneration Report, the Directors' Remuneration Policy (the “Remuneration Resolutions”) and the off-market share buyback authority (Buyback Contract B) (the “Share Buyback resolution”) each received more than 20% votes against the Board's recommendation. In accordance with Provision 4 of …
Read attachment ↗p15111556ex_99-1.htm · 6-K · 2026-10-13
Exhibit 99.1 COMPANY ANNOUNCEMENT INSIDE INFORMATION TORM plc Upgrades Full-Year Guidance TORM plc (Nasdaq: TRMD or TRMD A) today announces that, based on the Company's current coverage and expectations for continued market strength during the remainder of the fourth quarter of 2026, TORM has increased its full-year guidance for 2026. TORM now expects full-year 2026 TCE to be in the range of USD 1,700 - 1,900m and full-year 2026 EBITDA to be in the range of USD 1,300 - 1,500m, compared to…
Read attachment ↗p15101807_ex99-1.htm · 6-K · 2026-09-28
Exhibit 99.1 COMPANY ANNOUNCEMENT Major Shareholder Announcement Pursuant to section 30 of the Danish Capital Markets Act, TORM plc (Nasdaq: TRMD or TRMD A) hereby announces that: OCM Njord Holdings S.à r.l. (“Njord Luxco”) as of 23 September 2026 holds 6,329,874 A shares in TORM plc of a nominal value of USD 0.01 each in total corresponding to 6.17% of the total share capital and voting rights of TORM plc. Njord Luxco is jointly controlled by OCM Luxembourg Opps IX S.à r.l. and OCM Luxemb…
Read attachment ↗p15101807_ex99-2.htm · 6-K · 2026-09-28
Exhibit 99.2 COMPANY ANNOUNCEMENT Report on transactions in TORM plc securities by directors and executive officers and their closely associated persons TORM plc (Nasdaq: TRMD or TRMD A) has been notified of the following transaction in TORM plc securities: Details of the reporting person / closely associated person ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Name …
Read attachment ↗