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v3.25.4

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) | 12 Months Ended
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Dec. 31, 2025
Disclosure of disaggregation of revenue from contracts with customers [abstract] |
Schedule of disaggregation of revenue and revenue from segments |
USDm |  | 2025 | 2024 | 2023
Disaggregation of revenue |  |  |  |
Transportation of oil products and chemicals |  | 1,314.2 | 1,544.0 | 1,491.4
Scrubbers and related services |  | 18.7 | 9.1 | 21.7
Welding and mounting |  | 4.3 | 4.9 | 5.3
Others |  | 2.3 | 1.2 | 2.0
Total revenue |  | 1,339.5 | 1,559.2 | 1,520.4
Tanker segment |  | 1,314.2 | 1,544.0 | 1,491.4
Marine Engineering segment |  | 37.2 | 29.6 | 48.0
Intersegment elimination |  | (11.9) | (14.4) | (19.0)
Total revenue |  | 1,339.5 | 1,559.2 | 1,520.4
Schedule of customer contract balances |
USDm |  | 2025 | 2024 | 2023
Customer contract balances |  |  |  |
Trade receivables |  | 214.7 | 183.9 | 211.0
Customer contract assets¹⁾ |  | 1.6 | 2.4 | 2.5
Customer contract liabilities²⁾ |  | (2.3) | (7.5) | (3.4)
Total |  | 214.0 | 178.8 | 210.1
1) Recognized in prepayments. 2) Recognized in prepayments from customers.

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- Definition The explanation of the significant changes in the contract assets and the contract liabilities. [Refer: Contract assets; Contract liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 15 -IssueDate 2025-01-01 -Paragraph 118 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=15&code=ifrs-tx-2025-en-r&anchor=para_118&doctype=Standard -URIDate 2025-03-27 + Details
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- References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 15 -IssueDate 2025-01-01 -Paragraph 115 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=15&code=ifrs-tx-2025-en-r&anchor=para_115&doctype=Standard -URIDate 2025-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 104 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_104&doctype=Standard -URIDate 2025-03-27 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2027-01-01 -Name IFRS -Number 19 -IssueDate 2025-01-01 -Paragraph 104 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_104&doctype=Standard -URIDate 2025-03-27 + Details
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