Frontline plc FRO
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
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Diluted EPS—
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.97B | $2.16B | $1.83B | $1.44B | $753.4M | $428.4M | $628.5M | $742.3M | $646.3M | $754.3M |
| SG&A | — | — | — | — | $27.9M | $44.2M | $45.0M | $37.3M | $37.6M | $37.0M |
| Total operating expenses | — | — | — | — | $743.1M | $743.3M | $721.2M | $669.8M | $845.0M | $574.1M |
| Operating income | $598.8M | $781.7M | $746.7M | $445.6M | $8.5M | $507.8M | $239.5M | $82.7M | -$196.3M | $177.5M |
| Interest expense | — | — | — | — | $61.4M | $72.2M | $94.5M | $93.3M | $69.8M | $56.7M |
| Pre-tax income | — | — | — | — | -$10.3M | $412.9M | $140.3M | -$8.6M | -$264.6M | $117.4M |
| Income tax | — | — | — | — | $4.6M | $14.0K | $307.0K | $316.0K | $290.0K | $345.0K |
| Net income | $379.1M | $495.6M | $656.4M | $475.5M | -$15.0M | $412.9M | $140.0M | -$8.9M | -$264.9M | $117.0M |
| EPS, basic | — | — | — | — | -0.06 | 2.11 | 0.81 | -0.05 | -1.56 | — |
| EPS, diluted | — | — | — | — | -0.06 | 2.09 | 0.78 | -0.05 | -1.56 | 0.75 |
| Shares, diluted (wtd. avg.) | — | — | — | — | $199.0M | $197.8M | $179.3M | $169.8M | $169.8M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | $113.1M | $174.7M | $177.4M | $67.9M | $104.9M | $203.1M |
| Short-term investments | — | — | — | — | $2.4M | $2.6M | — | — | — | — |
| Receivables | — | — | — | — | $63.4M | $41.0M | $63.2M | $54.0M | $49.6M | $49.1M |
| Inventory | — | — | — | — | $80.8M | $57.9M | $66.7M | $68.8M | $61.7M | $37.7M |
| Total current assets | — | — | — | — | $332.7M | $378.3M | $448.5M | $308.2M | $321.6M | $383.6M |
| Goodwill | — | — | — | — | $112.5M | $112.5M | $112.5M | $112.5M | $112.5M | $225.3M |
| Total assets | $5.75B | $6.22B | $5.88B | $4.77B | $4.11B | $3.91B | $3.70B | $3.08B | $3.13B | $2.97B |
| Short-term debt | — | — | — | — | $189.3M | $167.1M | $439.0M | $120.5M | $113.1M | $67.4M |
| Total current liabilities | — | — | — | — | $292.7M | $281.4M | $848.1M | $214.2M | $222.0M | $182.7M |
| Long-term debt | — | — | — | — | $2.13B | $1.97B | $1.25B | $1.61B | $1.47B | $914.6M |
| Total liabilities | — | — | — | — | $2.46B | $2.31B | $2.19B | $1.91B | $1.95B | $1.47B |
| Retained earnings | — | — | — | — | -$3.1M | $8.0M | -$155.1M | -$295.1M | -$289.1M | $34.1M |
| Total equity | $2.51B | $2.34B | $2.28B | $2.26B | $1.64B | $1.60B | $1.51B | $1.16B | $1.19B | $1.50B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | — | — | — | $62.9M | $604.1M | $280.2M | $46.2M | $130.5M | $286.0M |
| Depreciation and amortisation | — | — | — | — | $147.8M | $138.8M | $117.8M | $122.6M | $141.7M | $141.0M |
| Investing cash flow | — | — | — | — | -$363.1M | -$716.0M | -$190.6M | -$199.2M | -$722.5M | -$396.4M |
| Financing cash flow | — | — | — | — | $223.6M | $124.2M | $19.9M | $116.1M | $493.8M | $48.6M |
| Dividends paid | — | — | — | — | $0 | $312.4M | $19.7M | $386.0K | $51.4M | $164.6M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-021774.
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