Torm plc balance sheet

At the end of fiscal 2025, Torm plc had total assets of $3.37bn, total liabilities of $1.16bn and shareholders' equity of $2.20bn. It held $158m in cash against $1.00bn of debt: net debt of $845m.

Balance sheet

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

Torm plc: balance sheet, annual
Fiscal year	2015Dec 2015	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	168	90	145	321	266	272	158
Inventory	—	22	49	72	62	68	67
Total current assets	—	244	363	740	691	615	532
Goodwill	11	0	0	2	2	2	2
Total assets	—	1,999	2,331	2,614	2,870	3,470	3,367
Total current liabilities	—	197	307	206	265	285	401
Short-term debt	50	103	209	—	—	—	—
Long-term debt	718	740	926	850	887	1,061	714
Total debt	767	842	1,135	967	1,060	1,226	1,003
Total liabilities	—	981	1,279	1,111	1,204	1,395	1,164
Shareholders' equity	976	1,017	1,052	1,501	1,664	2,074	2,203
Net debt (negative = net cash)	599	753	991	646	794	954	845
Shares outstanding	—	74m	81m	82m	86m	97m	101m

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 Torm 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 Torm plc.