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TRADE RECEIVABLES (Tables)

12 Months Ended

Dec. 31, 2025

TRADE RECEIVABLES

Schedule of trade receivables past due to be impaired


USDm		2025		2024		2023
Analysis as of December 31 of trade receivables:
Gross trade receivables:
Not due		71.1		73.0		97.5
Due < 30 days		56.9		32.0		42.6
Due between 30 and 180 days		72.3		82.6		62.4
Due > 180 days		18.9		6.3		19.2
Total gross		219.2		193.9		221.7
Allowance for expected credit loss		4.5		10.0		10.7
Total net		214.7		183.9		211.0

Schedule of movement in provisions for impairment of trade receivables

Movements in provisions for impairment of trade receivables during the year are as follows:


USDm		2025		2024		2023
Allowance for expected credit loss
Balance as of January 01		10.0		10.7		10.6
Provisions for the year		2.8		5.8		3.3
Provisions reversed during the year		(8.3)		(6.5)		(3.2)
Balance as of December 31		4.5		10.0		10.7