NASDAQ · Consumer discretionary

TORM plc (TRMD)

TORM plc reported revenue of $1.3B in fiscal 2025, down 14.1% from a year earlier. Net income was $285.3M, a net margin of 21.3%. Operating cash flow minus capital spending left $190.4M of free cash flow in fiscal 2025. At December 31, 2025 it held $158.1M in cash against $1B of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on February 26, 2026.

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Price

$34.54

+0.44% on the day · November 9, 2026

52-week range $19.30 to $43.31

Market cap

$3.5B

Revenue (FY2025)

$1.3B

-14.1% year on year

Net margin

21.3%

Key facts about TORM plc

Net worth: TORM plc has a market value (market cap) of $3.5B at the latest share price, and shareholders' equity of $2.2B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit: In fiscal 2025 revenue was $1.3B (-14.1% year on year), with net income of $285.3M.
Cash flow: In fiscal 2025 operations brought in $498.9M of cash; after $308.5M of capital spending, free cash flow was $190.4M.
Latest report: The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on February 26, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR

What TORM plc does

TORM plc is registered with the SEC under industry code SIC 4412 (Deep Sea Foreign Transportation of Freight). Its shares trade on NASDAQ under the ticker TRMD.

Revenue and profit by year

Revenue

Net income

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal year	Revenue	Operating income	Net income	Diluted EPS	Free cash flow
2025	$1.3B	$356.3M	$285.3M	$2.85	$190.4M
2024	$1.6B	$658.8M	$612.5M	$6.36	$244.4M
2023	$1.5B	$698.6M	$648.3M	$7.48	$295.3M
2022	$1.4B	$601.5M	$562.8M	$6.80	$382.7M
2021	$619.5M	$1.4M	-$42.1M	-$0.54	-$271.8M
2020	$747.4M	$138.9M	$88.1M	$1.19	$62.8M

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where TRMD ranks in Consumer discretionary

Revenue$1.3B

#438 of 1077 in Consumer discretionary · Top 41%

Revenue growth-14.1%

#872 of 952 in Consumer discretionary · Bottom 8%

Net margin21.3%

#62 of 968 in Consumer discretionary · Top 6%

Free cash flow margin14.2%

#132 of 853 in Consumer discretionary · Top 15%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Consumer discretionary

Dividends

It paid out $199.7M in cash dividends, 70% of its net income.

Fiscal year	Per share	Paid out	Of profit
2025	n/a	$199.7M	70%
2024	n/a	$553.3M	90%
2023	n/a	$586.4M	90%
2022	n/a	$166.7M	30%
2021	n/a	$0	n/a
2020	n/a	$70.6M	80%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What TORM plc has filed recently, newest first. Each links to the original document on SEC EDGAR.

November 6, 2026
Foreign issuer update 6-K
November 3, 2026
Foreign issuer update 6-K
October 13, 2026
Foreign issuer update 6-K
October 9, 2026
Foreign issuer update 6-K
October 7, 2026
Activist stake changed SCHEDULE 13D/A
October 7, 2026
Foreign issuer update 6-K
October 7, 2026
Foreign issuer update 6-K
October 5, 2026
Foreign issuer update 6-K
September 28, 2026
Foreign issuer update 6-K
September 24, 2026
Activist stake changed SCHEDULE 13D/A

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 8, 2026. Insider transactions on SEC

Insider trades

What the people running TORM plc did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders bought $0 and sold $1.6M worth of shares in the last 90 days.

Bought (open market)

last 90 days

Sold

$1.6M

last 90 days

Net sold

42,279

$1.6M

Date	Insider	What	Shares	Price	Value	Filing
September 24, 2026	Meldgaard Jacob BalslevChief Executive Officer, Director	Exercised options	85,067	$27.34	$2.3M	Form 4
September 22, 2026	Balle KimChief Financial Officer	Sold	7,533	$36.35	$273.8K	Form 4
September 21, 2026	Balle KimChief Financial Officer	Sold	15,000	$39.08	$586.2K	Form 4
September 18, 2026	Balle KimChief Financial Officer	Sold	20,000	$39.16	$783.2K	Form 4
September 17, 2026	Balle KimChief Financial Officer	Exercised options	42,533	$27.61	$1.2M	Form 4
August 27, 2026	Balle KimChief Financial Officer	Boughtindirect	254	-	-	Form 4
May 20, 2026	Meldgaard Jacob BalslevChief Executive Officer, Director	Exercised options	85,067	$20.51	$1.7M	Form 4
May 20, 2026	Meldgaard Jacob BalslevChief Executive Officer, Director	Exercised options	85,066	$22.47	$1.9M	Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns TRMD

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

Holder	Of class	Shares	Filed
Ocm Njord Holdings S.À R.L13D, may seek influence with 7 related filers	42.42%	40,581,120	October 3, 2024

Latest filings below 5%: Ocm Njord Holdings S.A R.L. 0% (October 7, 2026).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

2 insiders reported holding 85,831 shares in total, about $3M at the last price.

Holder	Shares	As of
Meldgaard Jacob BalslevChief Executive Officer, Director	85,067	September 24, 2026
Balle KimChief Financial Officer	764254 held indirectly	September 22, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about TRMD

What does TORM plc do?

TORM plc is a company in the Consumer discretionary sector, listed on NASDAQ as TRMD. Its shares trade on NASDAQ under the ticker TRMD.

What is TORM plc's net worth?

TORM plc has a market value (market cap) of $3.5B at the latest share price, and shareholders' equity of $2.2B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is TORM plc profitable?

Yes. In fiscal 2025 it reported net income of $285.3M on revenue of $1.3B, a net margin of 21.3%.

How much revenue does TORM plc make?

In fiscal 2025 TORM plc reported revenue of $1.3B. That is 14.1% less than a year earlier.

When did TORM plc last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on February 26, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from November 6, 2026.

Theses that mention TRMD

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Where the numbers come from

Financial figures are the values TORM plc tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.