Voyage Charter was Frontline’s largest product and service line in fiscal 2025, bringing in $1.88B of $1.97B (96%).
| Product and Service | FY 2009 | FY 2010 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Voyage Charter | — | $1.72B | $1.88B | |||||||
| Revenues | $1.35B | — | — | |||||||
| Total Operating Revenues – Tanker Market | — | — | — | |||||||
| Total Operating Revenues | — | — | — | |||||||
| Voyage Charter Revenues | — | — | — | |||||||
| Total Operating Revenues – Drybulk Carrier Market | — | — | — | |||||||
| Time Charter Revenues | — | — | — | |||||||
| Time Charter | $71.79M | $63.77M | $72.17M | |||||||
| Other Revenue | — | — | — | |||||||
| Other Income | — | — | — | |||||||
| Administrative Income | $12.45M | $15.20M | $10.16M | |||||||
| Finance Lease Interest Income | — | — | — | |||||||
| Total | $1.43B | $1.80B | $1.97B |
Frontline brought in $1.97B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 9.0% from $1.80B in fiscal 2023, the previous year with figures. Voyage Charter was the largest at $1.88B (95.8%), ahead of Time Charter at $72.17M (3.7%) and Administrative Income at $10.16M (0.5%).
Compared with fiscal 2023, the previous year with figures, Time Charter grew 13.2% to $72.17M and Voyage Charter grew 9.3% to $1.88B.
Frontline stopped reporting Revenues as a separate line after fiscal 2022, when it brought in $1.35B.
Previously Stated was Frontline’s largest revenue line in fiscal 2021, bringing in $749.38M of $753.44M (99%).
| Retrospective application and retrospective restatement [axis] | FY 2021 |
|---|---|
| Previously Stated | $749.38M |
| Increase (Decrease) Due To Voluntary Changes In Accounting Policy | $4.06M |
| Total | $753.44M |
Frontline brought in $753.44M from its two revenue lines in fiscal 2021, the year ended December 31, 2021. Previously Stated was the largest at $749.38M (99.5%), ahead of Increase (Decrease) Due To Voluntary Changes In Accounting Policy at $4.06M (0.5%).
U.S. Gaap was Frontline’s largest revenue line in fiscal 2021, bringing in $749.38M of $753.44M (99%).
| Voluntary Changes In Accounting Policy | FY 2021 |
|---|---|
| U.S. Gaap | $749.38M |
| Effect Of Transition To Ifrs | $4.06M |
| Total | $753.44M |
Frontline brought in $753.44M from its two revenue lines in fiscal 2021, the year ended December 31, 2021. U.S. Gaap was the largest at $749.38M (99.5%), ahead of Effect Of Transition To Ifrs at $4.06M (0.5%).
Frontline (FRO) reports its revenue by product and service, by retrospective application and retrospective restatement [axis] and by voluntary changes in accounting policy. In fiscal 2025, Voyage Charter was its largest product and service line, bringing in $1.88B (95.8% of the total), followed by Time Charter at $72.17M (3.7%).
Voyage Charter was Frontline's largest product and service line in fiscal 2025, bringing in $1.88B, or 95.8% of the $1.97B total across its three product and service lines.
Previously Stated was Frontline's largest revenue line in fiscal 2021, bringing in $749.38M, or 99.5% of the $753.44M total across its two revenue lines.
Every figure comes from Frontline's annual financial filings, as reported. Each line keeps the name Frontline gives it, and years follow its fiscal calendar.
Frontline's revenue by product and service goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.