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Friday 6 November 2026 Export TRMD’s income statement to Excel — free account

TORM PLC

TRMD Energy Oil & Gas Midstream

TORM PLC’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, down 14.1% from fiscal 2024.

Revenue
+110.3%
EPS
+451.7%
Free cash flow
+48.6%
Total debt
−4.42%

Quarter to June 2026, against a year earlier

34.61 3.03 −8.05%
Market cap
$3.5B
P/E
5.6×
Fwd P/E
—
Dividend yield
12.8%
F-score
4/9
Altman Z
2.51
Beneish M
−2.48
Dividend safety
42/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 19.24
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — 1 — — —
Sell — — — — — 1 — — — 1 — —
Insider Ownership 30.67%

Capital & Financial Ratios $m

Size
Market Cap 3,520.00
Revenue ttm 1,760.00
Net income ttm 625.10
Free cash flow ttm 275.10
Net debt Q 708.00
Valuation
P/E 5.59
Forward P/E —
Price / sales 2.01
Forward P/S Powerpack
Price / FCF 12.86
Price / book 1.39
Financial health
Current ratio Q 2.27 (at or above 1.5: strong)
Debt / equity Q 0.42 (at or below 0.5: strong)
Interest coverage Q 19.40
Growth
Revenue growth Q +110.28% (above 0%: growing)
Operating income growth Q +413.15% (above 0%: growing)
EPS, this year +240.65% (at or above 15%: strong)
EPS, next year A −26.45% (below 0%: weak)
Revenue, next year A —
EPS, past 5 yrs +19.09% (at or above 15%: strong)
EPS, next 5 yrs A +5.86%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.4×, against a ten-year median of 2.0×; over the ten years it ranged from 1.3× in 2020 to 3.0× in 2026.
P/E against its own 10 years 56.01%
10-year low 10-year high
P/S against its own 10 years 90.34%
10-year low 10-year high
P/B against its own 10 years 81.02%
10-year low 10-year high
EV/Sales against its own 10 years 73.50%
10-year low 10-year high
EV/FCF against its own 10 years 83.87%
10-year low 10-year high

Dividends

Yield
12.8%
Annual rate
4.42
Payout ratio
72.8%
Growth, 2017–26
+79.1%/yr
  1. 0.02 ’17
  2. 1.05 ’20 +5150
  3. 2.04 ’22 +94
  4. 7.01 ’23 +244
  5. 5.86 ’24 −16
  6. 2.02 ’25 −66
  7. 3.80 ’26 +88
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 296 291 164 368
Receivables 272 244 238 351
Inventory 62 68 67 112
Other 47 — 24 —
691 615 532 847
2023 2024 2025 Q'26
Payables 43 50 41 82
ST’ Debt 173 165 289 237
Other 49 69 71 54
265 285 401 373

Compound Annual Growth %

10y 5y 3y
Sales 9.50% 12.38% (2.46%)
Cash Flow 8.83% 16.17% (0.20%)
Earnings 8.52% 26.49% (20.26%)
Book Value 8.48% 16.70% 13.57%

Earnings Trends EPS, adjusted, against the consensus

Jun 2025 Estimate 0.57 Actual 0.58

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2024 1.29 1.35 Beat by 0.06
Dec 2024 0.60 0.75 Beat by 0.15
Mar 2025 0.64 0.62 Miss by 0.02
Jun 2025 0.57 0.58 Beat by 0.01

EPS $

Mar Jun Sep Dec Year
’26 1.18 3.25 — — —
’25 0.62 0.58 0.77 0.87 2.85
’24 2.26 2.02 1.35 0.75 6.36
’23 1.80 2.14 1.42 2.10 7.48
’22 0.12 1.31 2.63 2.73 6.80
’21 (0.28) 0.03 (0.19) (0.10) (0.54)
’20 0.75 0.96 0.01 (0.53) 1.19
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 402 663 — — —
’25 329 315 343 353 1,340
’24 444 438 372 305 1,559
’23 390 384 358 388 1,520
’22 209 339 448 447 1,443
’21 124 151 156 189 620
’20 243 228 161 116 747
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 136 320 — — —
’25 83 161 120 135 499
’24 187 282 238 121 827
’23 215 193 203 195 805
’22 18 71 165 248 502
’21 10 13 12 13 48
’20 50 113 53 20 236
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (19) 245 — — —
’25 118 165 116 (67) 332
’24 11 282 88 (7) 374
’23 0 90 197 174 461
’22 (29) 101 182 235 489
’21 (31) (146) (50) (35) (262)
’20 (10) 75 80 1 146
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 680 657 635 693 747 620 1,443 1,520 1,559 1,340 1,760 +7.8% — — — —
Gross margin, % 71.29 71.33 71.60 75.02 76.13 69.26 86.00 85.79 84.28 81.16 85.12 +9.9 pt
EBT (142) 3 (33) 167 90 (41) 557 652 610 295 630 n/m
EBT margin, % (20.84) 0.48 (5.23) 24.08 11.98 (6.58) 38.57 42.88 39.09 22.04 35.77 +42.9 pt
Net income (142) 2 (35) 166 88 (42) 563 648 612 286 625 n/m
Per share, $
Per share, $ Revenue 10.81 10.55 8.66 9.36 10.06 7.93 17.75 18.19 16.66 13.64 17.22 +2.6%
Earnings (2.27) 0.04 (0.48) 2.24 1.19 (0.54) 6.92 7.75 6.54 2.91 6.19 n/m
Cash flow 2.72 1.76 0.96 2.31 3.17 0.61 6.17 9.63 8.83 5.08 6.95 +7.2%
Capex (1.90) (1.83) (2.39) (4.36) (1.20) (3.97) (0.16) (4.11) (4.84) (1.70) (4.25) (1.2%)
Free cash flow 0.82 (0.06) (1.43) (2.05) 1.97 (3.35) 6.01 5.52 3.99 3.38 2.69 +17.0%
Book value 12.41 12.70 11.54 13.62 13.69 13.47 18.50 19.93 22.17 22.43 24.95 +6.8%
Shares, m 63 62 73 74 74 78 81 84 94 98 100 +5.1%
Valuation, ×
Valuation, × P/E 66.59 355.30 0.00 4.84 5.88 0.00 3.96 4.06 2.96 6.73 5.59 45.0
P/S 0.00 1.30 0.68 1.16 0.70 1.00 1.54 1.73 1.17 1.44 2.01 1.1
P/B 1.06 1.08 0.51 0.80 0.51 0.59 1.48 1.58 0.88 0.87 1.39 0.9
EV/Sales 0.00 2.24 1.66 2.29 1.65 2.56 1.99 2.23 1.77 2.06 2.41 1.8
EV/FCF 0.00 (378.03) (10.05) (10.47) 8.41 (6.06) 5.86 7.37 7.37 8.31 15.43 (36.7)
Cash, $m
Cash, $m Operating cash flow 171 110 71 171 236 48 502 805 827 499 710 +12.6%
Capex (119) (114) (176) (323) (89) (310) (13) (344) (453) (166) (435) +3.8%
Free cash flow 52 (4) (105) (151) 146 (262) 489 461 374 332 275 +23.0%
Balance, $m
Balance, $m Working capital 29 105 102 21 47 56 533 426 330 131 474 +18.0%
Net debt 594 612 622 783 707 964 643 764 935 840 708 +3.9%
Shareholders’ equity 781 791 847 1,008 1,017 1,052 1,504 1,666 2,075 2,203 2,550 +12.2%
Returns, %
Returns, % ROA (8.29) 0.15 (2.07) 8.93 4.40 (1.94) 22.76 23.64 19.32 8.35 17.30 +16.6 pt
ROIC 3.53 1.80 0.22 3.18 5.41 0.19 17.29 16.67 12.61 6.93 13.19 +3.4 pt
ROE (16.22) 0.31 (4.25) 17.90 8.70 (4.07) 44.04 40.91 32.75 13.34 26.82 +29.6 pt
People
People Employees 281 296 307 341 340 340 355 370 479 481 — +6.2%
Revenue/emp, $m 2.42 2.22 2.07 2.03 2.20 1.82 4.07 4.11 3.26 2.78 — +1.6%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

TORM PLC vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CMBT CMB.TECH nv $4.8B 3.4× 3.9× +519.15% (above 0%: growing) n/m +451.20% (above 0%: growing) 71.02% 54.45% Compare
GLNG Golar LNG Limited $4.4B 27.1× 40.4× +100.86% (above 0%: growing) −30.19% (below 0%: shrinking) +33.24% (above 0%: growing) 67.68% 49.39% Compare
STNG Scorpio Tankers Inc. $4.1B 3.9× 4.4× +10.40% (above 0%: growing) +171.19% (above 0%: growing) +229.09% (above 0%: growing) 70.83% 100.99% Compare
EE Excelerate Energy, Inc. $4.0B 23.5× 22.8× −24.00% (below 0%: shrinking) +2.27% (above 0%: growing) −19.75% (below 0%: shrinking) 0.00% 31.81% Compare
TRMD TORM PLC $3.5B 5.6× — +110.28% (above 0%: growing) +451.67% (above 0%: growing) +48.55% (above 0%: growing) 89.05% 53.58%
DHT DHT Holdings, Inc. $3.3B 7.0× 3.9× +122.12% (above 0%: growing) +251.43% (above 0%: growing) +122.28% (above 0%: growing) 83.01% 71.31% Compare
BWLP BW LPG Limited $3.3B 7.4× — −3.06% (below 0%: shrinking) +243.48% (above 0%: growing) +1,336.28% (above 0%: growing) 23.60% 13.87% Compare
SUNC SunocoCorp LLC $3.3B 10.3× — +248.12% (above 0%: growing) — +690.91% (above 0%: growing) 8.65% 4.10% Compare
TNK Teekay Tankers Ltd. $2.8B 4.9× 4.1× +62.97% (above 0%: growing) +258.56% (above 0%: growing) +278.92% (above 0%: growing) 59.49% 58.49% Compare
Median of peers $3.7B 7.2× 4.3× +81.92% +207.34% +254.01% 63.59% 51.92%

All 57 Oil & Gas Midstream stocks →

TORM PLC (TRMD) Latest News

4 Nov

Impact 4 · · PR Newswire
Impact 3 · · Moby
Impact 3 · · GuruFocus.com
Impact 3 · · MarketBeat transcript

28 Oct

Impact 3 · · Simply Wall St.

24 Oct

Impact 3 · · Simply Wall St.

19 Oct

Impact 4 · · Simply Wall St.

12 Oct

Impact 4 · · PR Newswire
Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.

8 Oct

Impact 4 · · PR Newswire
Impact 4 · · Simply Wall St.

28 Sep

Impact 3 · · PR Newswire

24 Sep

Impact 3 · · Investing.com
Impact 3 · · Business Wire

16 Sep

Impact 3 ·

11 Sep

Impact 4 ·

10 Sep

Impact 3 ·

1 Sep

Impact 4 ·

26 Aug

Impact 4 · transcript
Impact 4 ·
Impact 3 · · Moby transcript
Impact 3 · · MarketBeat

14 May

Impact 4 · · Moby

13 May

Impact 4 · · GuruFocus.com
Impact 4 · · MarketBeat
Impact 4 · · Benzinga transcript
Impact 4 · · PR Newswire

18 Mar

Impact 4 · · Insider Monkey

27 Feb

Impact 4 · · MarketBeat

TRMD metrics, ten years each

stockrow.com/TRMD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com