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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)

12 Months Ended

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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- References

No definition available.

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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
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-Number 15
-IssueDate 2025-01-01
-Paragraph 118
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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Note Effective 2027-01-01
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