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Consolidated Balance Sheet - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Intangible assets      
Goodwill $ 1.8 $ 1.7 $ 1.8
Other intangible assets 4.0 2.0 1.8
Total intangible assets 5.8 3.7 3.6
Tangible fixed assets      
Land and buildings 9.7 8.1 5.5
Vessels and capitalized dry-docking 2,792.2 2,826.7 2,070.2
Prepayments on vessels 14.1 0.0 86.0
Other non-current assets under construction 3.4 4.6 4.2
Other plant and operating equipment 2.5 3.3 4.4
Total tangible fixed assets 2,821.9 2,842.7 2,170.3
Financial assets      
Investments in joint ventures 0.0 0.1 0.1
Loan receivables 4.4 4.5 4.5
Deferred tax asset 0.3 3.1 0.4
Other investments 2.7 0.2 0.0
Total financial assets 7.4 7.9 5.0
Total non-current assets 2,835.1 2,854.3 2,178.9
Current assets      
Inventories 66.5 68.4 61.7
Trade receivables 214.7 183.9 211.0
Other receivables 23.7 59.6 60.5
Prepayments 39.1 12.2 15.2
Cash and cash equivalents incl. restricted cash 163.5 291.2 295.6
Current assets excluding assets held for sale 507.5 615.3 644.0
Assets held for sale 24.4 0.0 47.2
Total current assets 531.9 615.3 691.2
TOTAL ASSETS 3,367.0 3,469.6 2,870.1
Equity      
Common shares 1.0 1.0 0.9
Share premium 110.2 271.0 260.0
Treasury shares 0.0 (4.2) (4.2)
Hedging reserves 6.6 15.5 25.6
Translation reserves (0.2) (0.8) (0.4)
Other reserves 296.1 320.0 0.0
Retained profit 1,788.9 1,471.5 1,382.2
Equity attributable to TORM plc shareholders 2,202.6 2,074.0 1,664.1
Non-controlling interest 0.0 0.8 1.9
Total equity 2,202.6 2,074.8 1,666.0
Non-current liabilities      
Non-current tax liability related to held-over gains 45.2 45.2 45.2
Deferred tax liability 0.2 0.3 3.6
Borrowings 714.3 1,061.0 886.9
Other non-current liabilities 3.3 2.9 3.0
Total non-current liabilities 763.0 1,109.4 938.7
Current liabilities      
Borrowings 288.8 165.3 172.7
Trade payables 41.0 50.0 43.1
Current tax liabilities 0.3 0.7 0.6
Other liabilities 68.3 61.3 45.2
Provisions 0.7 0.6 0.5
Prepayments from customers 2.3 7.5 3.3
Total current liabilities 401.4 285.4 265.4
Total liabilities 1,164.4 1,394.8 1,204.1
TOTAL EQUITY AND LIABILITIES $ 3,367.0 $ 3,469.6 $ 2,870.1