Torm (TRMD) Tax Provisions (2015 - 2026)
Torm (TRMD) posted Tax Provisions of -$800000.0 for Q2 2026, up 50.0% on a QoQ basis from -$1.6 million in Q1 2026, and up 52.94% year-over-year from -$523076.9 in Q2 2025.
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Analysis
Torm (TRMD) Tax Provisions (2015 - 2026) Analysis & Trends
Torm has reported Tax Provisions for 12 years, with the latest figure at -$800000.0 in Q2 2026.
- On a quarterly basis, Tax Provisions rose 52.94% year-over-year to -$800000.0 in Q2 2026; TTM through Jun 2026 was -$13.3 million, a 232.5% decrease from a year earlier, with the FY2025 full-year figure at -$9.2 million, down 560.0% from the prior year.
- Tax Provisions was -$800000.0 for Q2 2026 at Torm, up from -$1.6 million in the prior quarter.
- The five-year high for Tax Provisions was $2.0 million in Q4 2024, with the low at -$9.2 million in Q4 2025.
- Average Tax Provisions over 5 years is -$1.7 million, with a median of -$1.5 million recorded in 2023.
- The largest YoY upside for Tax Provisions was 350.0% in 2023 against a maximum downside of 1600.0% in 2023.
- Over 5 years, Tax Provisions stood at -$200000.0 in 2022, then slumped by 1900.0% to -$4.0 million in 2023, then surged by 150.0% to $2.0 million in 2024, then slumped by 560.0% to -$9.2 million in 2025, then jumped by 91.3% to -$800000.0 in 2026.
- The last three Tax Provisions figures came in at -$800000.0 (Q2 2026), -$1.6 million (Q1 2026), and -$9.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | -554,000.00 |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 28.61 Mn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 34.50 Mn |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | -1,000.00 |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | -1.41 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | -1.99 Mn |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | - |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | - |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | -800,000.00 |
| 10 | ZIM Integrated Shipping Services | 3.44 Bn | 2.41 Bn | 255.00 Mn | 3.40 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -800,000.00 |
| Mar 31, 2026 | -1.60 Mn |
| Dec 31, 2025 | -9.20 Mn |
| Jun 30, 2025 | -1.70 Mn |
| Mar 31, 2025 | -5.40 Mn |
| Dec 31, 2024 | 2.00 Mn |
| Jun 30, 2024 | 1.10 Mn |
| Mar 31, 2024 | -1.60 Mn |
| Dec 31, 2023 | -4.00 Mn |
| Sep 30, 2023 | -3.40 Mn |
| Jun 30, 2023 | 1.00 Mn |
| Mar 31, 2023 | -1.50 Mn |
| Sep 30, 2022 | -200,000.00 |
| Jun 30, 2022 | -400,000.00 |
| Mar 31, 2022 | -300,000.00 |
| Dec 31, 2021 | -1.34 Mn |
| Sep 30, 2021 | -600,000.00 |
| Jun 30, 2021 | 300,000.00 |
| Mar 31, 2021 | -200,000.00 |
| Dec 31, 2020 | -1.42 Mn |