Frontline plc balance sheet

At the end of fiscal 2025, Frontline plc had total assets of $5.75bn, total liabilities of $3.24bn and shareholders' equity of $2.51bn. It held $251m in cash against $3.07bn of debt: net debt of $2.82bn.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Frontline plc: balance sheet, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	83	177	161	133	348	236	265	202	104	66	174	175	113	255	308	414	251
Receivables	—	—	—	—	—	—	—	—	—	—	—	64	74	139	125	129	134
Inventory	—	—	—	—	—	—	—	—	—	—	—	58	81	107	135	137	120
Total current assets	—	—	—	—	—	—	—	—	—	—	—	378	333	881	728	826	707
Goodwill	—	—	—	—	—	—	—	—	—	—	—	112	112	112	112	112	112
Total assets	—	—	—	—	—	—	—	—	—	—	—	3,912	4,107	4,768	5,883	6,221	5,754
Total current liabilities	—	—	—	—	—	—	—	—	—	—	—	322	287	392	409	596	495
Long-term debt	—	—	—	—	—	—	—	—	—	—	—	1,909	2,127	2,112	3,194	3,284	2,747
Total debt	761	1,364	514	484	459	518	806	993	1,592	1,741	1,701	2,156	2,326	2,390	3,456	3,744	3,068
Total liabilities	—	—	—	—	—	—	—	—	—	—	—	2,307	2,465	2,509	3,605	3,881	3,243
Shareholders' equity	—	—	—	—	—	—	—	—	—	—	—	1,605	1,643	2,260	2,278	2,341	2,511
Net debt (negative = net cash)	678	1,188	353	351	111	282	542	790	1,488	1,674	1,527	1,981	2,213	2,136	3,148	3,331	2,816
Shares outstanding	—	—	—	—	—	—	—	—	—	—	—	198m	204m	223m	223m	223m	223m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Frontline plc's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Frontline plc.