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v3.25.4

LEASING (Tables) | 12 Months Ended
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Dec. 31, 2025
Presentation of leases for lessee [abstract] |
Schedule of right-of-use assets recognized | As of December 31, 2025, TORM had recognized the following right-of-use assets:
USDm |  | Land and buildings |  | Other plant and operating equipment
Cost: |  |  |  |
Balance as of January 01, 2025 |  | 17.6 |  | 1.2
Exchange rate adjustments |  | (0.1) |  | 0.1
Additions |  | 4.5 |  | 0.1
Disposals |  | (7.5) |  | (0.1)
Balance as of December 31, 2025 |  | 14.5 |  | 1.3
Depreciation: |  |  |  |
Balance as of January 01, 2025 |  | 9.5 |  | 0.7
Exchange rate adjustment |  | — |  | 0.1
Disposals |  | (7.5) |  | (0.1)
Depreciation for the year |  | 2.8 |  | 0.2
Balance as of December 31, 2025 |  | 4.8 |  | 0.9
Carrying amount as of December 31, 2025 |  | 9.7 |  | 0.4
USDm |  | Land and buildings |  | Other plant and operating equipment
Cost: |  |  |  |
Balance as of January 01, 2024 |  | 14.6 |  | 1.5
Exchange rate adjustments |  | (0.2) |  | —
Additions |  | 5.6 |  | —
Disposals |  | (2.4) |  | (0.3)
Balance as of December 31, 2024 |  | 17.6 |  | 1.2
Depreciation: |  |  |  |
Balance as of January 01, 2024 |  | 9.1 |  | 0.7
Exchange rate adjustments |  | 0.2 |  | —
Disposals |  | (2.3) |  | (0.3)
Depreciation for the year |  | 2.5 |  | 0.3
Balance as of December 31, 2024 |  | 9.5 |  | 0.7
Carrying amount as of December 31, 2024 |  | 8.1 |  | 0.5
USDm |  | Land and buildings |  | Other plant and operating equipment
Cost: |  |  |  |
Balance as of January 01, 2023 |  | 12.0 |  | 1.3
Exchange rate adjustments |  | (0.2) |  | 0.1
Additions |  | 4.4 |  | 0.1
Disposals |  | (1.6) |  | —
Balance as of December 31, 2023 |  | 14.6 |  | 1.5
Depreciation: |  |  |  |
Balance as of January 01, 2023 |  | 8.2 |  | 0.4
Exchange rate adjustments |  | — |  | (0.1)
Disposals |  | (1.6) |  | —
Depreciation for the year |  | 2.5 |  | 0.4
Balance as of December 31, 2023 |  | 9.1 |  | 0.7
Carrying amount as of December 31, 2023 |  | 5.5 |  | 0.8
Schedule of the nature of the Group's leasing activities by type of right-of-use asset recognized on the balance sheet | The table below describes the nature of the Group’s leasing activities by type of right-of-use assets recognized on the balance sheet as of December 31, 2025:
|  | Land and buildings |  | Other plant and operating equipment |
No. of right-of-use assets leased |  | 16 |  | 7 |
Range of remaining term |  | 0 - 5 | years | 0 - 3 | years
Average remaining lease term |  | 3.7 | years | 1.0 | years
No. of leases with extension options |  | 11 |  | 5 |
No. of leases with options to purchase |  | 0 |  | 0 |
No. of leases with termination options |  | 9 |  | 5 |
Schedule of maturity analysis of lease liabilities |
USDm |  | 2025 |  | 2024 |  | 2023
Maturity analysis - contractual undiscounted cash flow |  |  |  |  |  |
Less than one year |  | 3.6 |  | 3.1 |  | 2.9
One to five years |  | 8.4 |  | 7.2 |  | 4.7
Total undiscounted lease liabilities as of December 31 |  | 12.0 |  | 10.3 |  | 7.6
Lease liabilities included under “Borrowings” as of December 31 |  | 10.7 |  | 8.6 |  | 6.6
Non-current |  | 7.7 |  | 6.4 |  | 4.1
Current |  | 3.0 |  | 2.2 |  | 2.5

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- Definition The disclosure of additional information about leasing activities of a lessee. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2025-01-01 -Paragraph 59 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2025-en-r&anchor=para_59&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 120 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_120&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 120 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=19&code=ifrs-tx-2025-en-r&anchor=para_120&doctype=Standard -URIDate 2025-03-27 + Details
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- Definition The disclosure of the reconciliation of changes in property, plant and equipment, including right-of-use assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 16 -IssueDate 2025-01-01 -Paragraph 73 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=16&code=ifrs-tx-2025-en-r&anchor=para_73_e&doctype=Standard -URIDate 2025-03-27 + Details
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- Definition The disclosure of detailed information about maturity analysis for lease payments. + References No definition available. + Details
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