v3.25.2
Condensed Consolidated Statement of Changes in Equity - USD ($)
Total
Equity attributable to shareholders of TORM plc
Common shares
Share premium
Treasury shares
Hedging reserves
Translation reserves
Other reserves
Retained profit
Non-controlling interest
Equity at beginning of period at Dec. 31, 2023 $ 1,666,100,000 $ 1,664,100,000 $ 900,000 $ 260,000,000.0 $ (4,200,000) $ 25,600,000 $ (400,000) $ 1,382,200,000 $ 2,000,000.0
Comprehensive income/loss for the period:                    
Net profit/(loss) for the period 403,400,000 404,300,000             404,300,000 (900,000)
Other comprehensive income for the period (1,200,000) (1,100,000)       (900,000) (200,000)     (100,000)
Tax on other comprehensive income 100,000 100,000       100,000        
Total comprehensive income for the period 402,300,000 403,300,000 0 0 0 (800,000) (200,000) 0 404,300,000 (1,000,000.0)
Capital increase [1] 227,800,000 227,800,000 100,000 227,700,000            
Transaction costs of capital increase (600,000) (600,000)   (600,000)            
Capital reduction [2] 0 0   (320,000,000)       320,000,000.0    
Share-based compensation 15,800,000 15,800,000             15,800,000  
Dividend paid (267,700,000) (267,700,000)             (267,700,000)  
Total changes in equity for the period 377,600,000 378,600,000 100,000 (92,900,000) 0 (800,000) (200,000) 320,000,000.0 152,400,000 (1,000,000.0)
Equity at end of period at Jun. 30, 2024 2,043,700,000 2,042,700,000 1,000,000.0 167,100,000 (4,200,000) 24,800,000 (600,000) 320,000,000.0 1,534,600,000 1,000,000.0
Equity at beginning of period at Dec. 31, 2023 1,666,100,000 1,664,100,000 900,000 260,000,000.0 (4,200,000) 25,600,000 (400,000) 1,382,200,000 2,000,000.0
Comprehensive income/loss for the period:                    
Net profit/(loss) for the period 611,500,000                  
Total comprehensive income for the period 600,800,000                  
Capital increase 331,700,000                  
Equity at end of period at Dec. 31, 2024 2,074,800,000 2,074,000,000 1,000,000.0 271,000,000.0 (4,200,000) 15,500,000 (800,000) 320,000,000.0 1,471,500,000 800,000
Comprehensive income/loss for the period:                    
Net profit/(loss) for the period 121,600,000 120,900,000             120,900,000 700,000
Other comprehensive income for the period (4,500,000) (4,700,000)       (5,400,000) 700,000     200,000
Tax on other comprehensive income 2,700,000 2,700,000       2,700,000        
Total comprehensive income for the period 119,800,000 118,900,000 0 0 0 (2,700,000) 700,000 0 120,900,000 900,000
Capital increase 200,000 200,000   200,000            
Transaction costs of capital increase (100,000) (100,000)   (100,000)            
Capital reduction [3] 0 0   (180,000,000.0)       180,000,000.0    
Treasury share cancellation [4] 4,933.71 0     4,200,000     (4,200,000)    
Share-based compensation 14,000,000.0 14,000,000.0             14,000,000.0  
Dividend paid (97,700,000) (97,700,000)           (97,700,000)    
Total changes in equity for the period 36,200,000 35,300,000 0 (179,900,000) 4,200,000 (2,700,000) 700,000 78,100,000 134,900,000 900,000
Transactions with non-controlling interests (3,700,000) (2,000,000.0)             (2,000,000.0) (1,700,000)
Equity at end of period at Jun. 30, 2025 $ 2,107,300,000 $ 2,107,300,000 $ 1,000,000.0 $ 91,100,000 $ 0 $ 12,800,000 $ (100,000) $ 398,100,000 $ 1,604,400,000 $ 0
[1] ¹⁾ During the period, the share capital was increased by USD 227.8m in total including a USD 217.2m non-cash share issue in relation to purchase of 11 vessels.
[2] The Share premium reserve was reduced by USD 320.0m, as decided at the Annual General Meeting on 11 April 2024 and subsequent court approval, in order to create further distributable reserves to support: (i) the future payment by the Company of
dividends to its shareholders; and (ii) share buy-backs should circumstances dictate it desirable.
[3] The Share premium reserve was reduced by USD 180.0m, as decided at the Annual General Meeting on 16 April 2025 and subsequent court approval, in order to create further distributable reserves to support: (i) the future payment by the Company of
dividends to its shareholders; and (ii) share buy-backs should circumstances dictate it desirable.
[4] TORM cancelled 493,371 shares that were purchased in share buybacks on Nasdaq Copenhagen A/S in 2016 and 2020. Consequently, the share capital was reduced with a nominal value of, in aggregate, USD 4,933.71