Torm plc cash flow statement

In fiscal 2025, Torm plc's operations generated $499m of cash; it spent $309m on capital projects, leaving free cash flow of $190m. It returned $200m in dividends.

Cash flow statement

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

Torm plc: cash flow statement, annual
Fiscal year	2015Dec 2015	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	214	236	48	502	805	827	499
Depreciation and amortisation	67	122	131	139	149	192	215
Stock-based pay	—	2	2	2	23	30	34
Capital spending	254	173	320	119	510	582	309
Free cash flow	−40	63	−272	383	295	244	190
Free cash flow after stock pay	—	61	−274	381	273	214	156
Dividends paid	—	71	0	167	586	553	200
Share buybacks	—	1	—	—	—	—	—

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.