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MARKETS / NASDAQ / Industrials / Water transportation / TRMD
NASDAQ · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · LARGE CAP

Torm PLC TRMD

11 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.3B
▼ 14.1% YoY
$285.3M
▼ 53.4% YoY
$190.4M
▼ 22.1% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

TORM plc transports primarily clean petroleum products, such as gasoline, jet fuel, kerosene, naphtha and gas oil, and occasionally dirty petroleum products, such as fuel oil. It is active in all larger vessel classes of the product tanker market, from MR to LR2 tankers. During 2025, its 20 largest customers accounted for approximately 71% of its total revenue. Through its joint venture Marine Exhaust Technology (Hong Kong) Ltd., in which it holds a controlling interest, TORM provides services in the Marine Engineering segment, developing and producing advanced green marine equipment.

Written from the business description in TORM plc's annual report to the U.S. Securities and Exchange Commission, filed 26 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.3B
Revenue, FY2025 · full 11-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.3 · Net income 0.3
1B2B
20152018202120242025
Compound annual growth
−2.5%
+12.4%
−20.3%
+26.5%
−25.2%
+19.1%
+1.7%
+6.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +12.4% a year over the five years to FY2025 — but profit grew faster: net income at +26.5%, earnings per share at +19.1%.

The share count rose from 0.07B to 0.10B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

21 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 26.6% · Net 21.4%
20%40%-2%-4%-6%
201520202025
ROE
FY2025 · ROE 13.3%
20%40%-5%-10%-15%
201520202025
Three returns, three denominators.
Gross margin·
Operating margin26.6%
Net margin21.4%
EBITDAUSD 570.8M

Each USD of equity produced 13 cents of profit this year.

Cash & shareholders

USD 199.7M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 190.4
150M300M-100M-200M
201520202025
Net buybacks $M Dividends $M
FY2025 · Dividends 199.7 · Net buybacks ·
250.0M500.0M
2015201620172019202020212022202320242025
Dividends paidUSD 199.7M
Net buybacks·
Share of profit70.0%
Consecutive raises·

USD 199.7M in dividends — 70% of the year's profit went back to shareholders.

Total assetsUSD 3.4B
EquityUSD 2.2B
CashUSD 158.1M
Gross debtUSD 1.0B
Net debtUSD 845.0M
Current ratio1.33×

Net debt stands at 38% of equity.

The 11-year record

11 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
TRMD, 11-year financial record
Metric 20252024202320222021202020192018201720162015
Revenue $B1.31.61.51.40.60.7◌◌◌◌0.5
Operating income $B0.40.70.70.60.00.10.20.00.0−0.10.1
EBITDA $B0.60.90.80.70.10.3◌◌◌◌◌
Income tax $B0.0−0.00.0−0.00.00.00.00.00.00.00.0
Net income $B0.30.60.60.6−0.00.10.2−0.00.0−0.10.1
Free cash flow $B0.20.20.30.4−0.30.1−0.2−0.1−0.00.1−0.0
EPS, diluted $2.856.367.486.80−0.541.192.24−0.480.04−2.272.40
Dividend / sh $2.025.867.010.000.000.950.10◌◌◌◌
Payout %70909030−0804—52−18—
ROE %13.332.841.044.1−4.18.717.9−4.20.3−16.212.9
Shares out B0.100.100.090.080.080.07◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 42 reconciliationsAUDITED

Reconciled in 11 of the 11 fiscal years we could check. 18 checks were skipped: the balance sheet is not tagged before 2016. 15 checks were skipped: cost of revenue is not tagged before 2022. Eight checks were skipped: EPS is not tagged before 2015.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityDeep Sea Foreign Transportation of Freight
Listed onNASDAQ
Incorporated inoutside the United States — SEC code X0
Fiscal year endsDecember 31
Data on record since2015

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