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FINANCIAL ITEMS (Tables)
12 Months Ended
Dec. 31, 2025
Analysis of income and expense [abstract]  
Schedule of Finance Income (Costs)
USDm
  
  
2025
  
  
2024
  
  
2023
Financial income
  
  
  
Interest income from cash and cash equivalents, including restricted cash ¹⁾
11.1
24.5
14.2
Exchange rate adjustments, including gain from forward exchange rate
contracts
0.3
Other financial income
1.9
0.3
0.1
Total
13.3
24.8
14.3
  
Financial expenses
Interest expenses on borrowings ¹⁾
68.3
69.7
55.6
Financial expenses arising from lease liabilities regarding right-of-use assets
0.8
0.6
0.5
Exchange rate adjustments, including loss from forward exchange rate
contracts
0.7
0.4
Commitment fee
3.3
1.9
1.3
Amortization of interest rate swaps
1.3
1.7
2.2
Ineffectiveness on interest rate swaps
(0.8)
(1.5)
(2.4)
Other financial expenses
1.5
1.0
3.3
Total
74.4
74.1
60.9
Total financial items
(61.1)
(49.3)
(46.6)
1) Interest for financial assets and liabilities not at fair value through profit and loss.