v3.25.4
EARNINGS PER SHARE AND DIVIDEND PER SHARE
 12 Months Ended
Dec. 31, 2025
EARNINGS PER SHARE AND DIVIDEND PER SHARE  
Earnings and dividend per share NOTE 30 – EARNINGS PER SHARE AND DIVIDEND PER SHARE
  
  
2025
  
  
2024
  
  
2023
Earnings per share
 
  
 
  
 
  
 
  
 
  
 
  
Net profit/(loss) for the year attributable to TORM plc shareholders (USDm)
 
285.3
 
612.5
 
648.3
 
 
 
  
Million shares
 
 
 
  
Weighted average number of shares
 
98.4
 
94.1
 
84.1
Weighted average number of treasury shares
 
(0.2)
 
(0.5)
 
(0.5)
 
 
 
  
Weighted average number of shares outstanding
 
98.2
 
93.6
 
83.6
Dilutive effect of outstanding share options
 
1.9
 
2.7
 
3.1
Weighted average number of shares outstanding incl. dilutive effect of share
options
 
100.1
 
96.3
 
86.7
 
 
 
Basic earnings/(loss) per share (USD)
 
2.91
 
6.54
 
7.75
 
 
 
  
Diluted earnings/(loss) per share (USD)
 
2.85
 
6.36
 
7.48
  
  
2025
  
  
2024
  
  
2023
Dividend per share
 
  
 
  
 
  
 
  
 
  
 
  
Declared dividend per share (USD)
2.12
5.10
4.42
Declared dividend for the year (USDm)
209.9
485.3
370.9
Proposed dividend per share for approval at the annual general meeting (USD)
—
—
1.36
Proposed dividend for approval at the annual general meeting (USDm)
—
—
126.3
Dividends paid per share (USD)
2.02
5.86
7.01
Dividends paid during the year (USDm)
 
199.7
 
553.3
 
586.4
 
 
 
Number of shares
Number of shares, end of period (million)
101.3
97.8
86.2
Number of treasury shares, end of period (million)
 
—
 
(0.5)
 
(0.5)
Number of shares outstanding, end of period (million)
101.3
97.3
85.7
Accounting Policies
Basic earnings per share are calculated by dividing the consolidated net profit/(loss) for the year available to common shareholders by
the weighted average number of common shares outstanding during the period. Treasury shares are not included in the calculation.
Purchases of treasury shares during the period are weighted based on the remaining period.
Diluted earnings per share are calculated by adjusting the consolidated profit or loss available to common shareholders and the weighted
average number of common shares outstanding for the effects of all potentially dilutive shares. Such potentially dilutive common shares
are excluded when the effect of including them would be to increase earnings per share or reduce a loss per share.