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Financials · FRO

Frontline Plc (FRO) financials

For fiscal 2025 (ended Dec 31, 2025), Frontline Plc reported $1.97B of revenue and $379.08M of net income.

Revenue, FY2025
$1.97B
Revenue growth, YoY
-8.8%
Net income, FY2025
$379.08M
Net income growth, YoY
-23.5%
Net margin
19.2%
Free cash flow, FY2025
$669.93M
EPS, diluted, FY2025
$1.70
EPS growth, YoY
-23.8%
Cash
$251.35M
Total debt
$3.07B
P/E
26.67
P/S
5.13
Market cap
$10.11B
Annual revenue$1.97B
FY2016FY2025
Annual net income$379.08M
FY2016FY2025
Annual free cash flow$669.93M
FY2021FY2025

FRO revenue and earnings growth

FRO revenueFY2025$1.97B

FY YoY
-8.8%
5Y CAGR
+10.0%
10Y CAGR
+15.7%

FRO revenue was $1.97B for fiscal 2025 (ended Dec 31, 2025), down 8.8% from fiscal 2024. Compound annual growth was +10.0% over 5 years and +15.7% over 10 years. It rose in 7 of the last 10 fiscal years.

FRO net incomeFY2025$379.08M

FY YoY
-23.5%
5Y CAGR
-1.7%
10Y CAGR
+9.4%

FRO net income was $379.08M for fiscal 2025 (ended Dec 31, 2025), down 23.5% from fiscal 2024. Compound annual growth was -1.7% over 5 years and +9.4% over 10 years. It rose in 1 of the last 3 fiscal years.

FRO EPSFY2025$1.70

FY YoY
-23.8%
5Y CAGR
-4.0%
10Y CAGR
+2.8%

FRO diluted EPS was $1.70 for fiscal 2025 (ended Dec 31, 2025), down 23.8% from fiscal 2024. Compound annual growth was -4.0% over 5 years and +2.8% over 10 years.

FRO free cash flowFY2025$669.93M

FRO free cash flow was $669.93M for fiscal 2025 (ended Dec 31, 2025), compared with -$178.84M in fiscal 2024. Fiscal 2025 is the highest of the 5 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$1.97B$2.16B$1.83B$1.44B$753.44M$1.22B$957.32M$742.27M$646.33M$754.31M
Selling, general and admin$51.37M$36.09M$53.53M$47.37M$26.42M$44.24M$45.02M$37.29M$37.60M$37.03M
Operating income$598.75M$781.71M$746.67M$445.62M$8.47M$507.80M$239.52M$82.71M-$196.27M$177.48M
Interest expense$233.23M$295.09M$171.34M$45.33M$44.24M$72.16M$94.46M$93.28M$69.81M$56.69M
Pre-tax income$385.10M$503.25M$656.62M$475.95M-$10.33M-----
Income tax$6.02M$7.67M$205.0K$412.0K$4.63M-$14.0K$307.0K$316.0K$290.0K$345.0K
Net income$379.08M$495.58M$656.41M$475.54M-$14.96M$412.88M$139.97M-$8.88M-$264.86M$117.01M
EPS, basic$1.70$2.23$2.95$2.22-$0.08$2.11$0.81-$0.05-$1.56$0.75
EPS, diluted$1.70$2.23$2.95$2.22-$0.08$2.09$0.78-$0.05-$1.56$0.75
Diluted shares222.6M222.6M222.6M214.0M199.0M197.8M179.3M169.8M169.8M157.0M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$251.35M$413.53M$308.32M$254.53M$113.07M$174.72M$177.38M$67.90M$104.89M$203.08M
Short-term investments----$2.44M$2.64M----
Receivables$134.00M$128.94M$124.65M$139.47M$73.53M$63.92M$63.24M$53.98M$49.59M$49.08M
Inventory$120.07M$137.00M$135.16M$107.11M$80.79M$57.86M$66.66M$68.77M$61.72M$37.70M
Current assets$707.25M$826.01M$727.93M$881.05M$332.75M$378.32M$448.49M$308.25M$321.61M$383.63M
Goodwill$112.45M$112.45M$112.45M$112.45M$112.45M$112.45M$112.45M$112.45M$112.45M$225.27M
Total assets$5.75B$6.22B$5.88B$4.77B$4.11B$3.91B$3.70B$3.08B$3.13B$2.97B
Current liabilities$494.71M$595.65M$409.05M$391.66M$287.00M$322.10M$848.12M$214.22M$222.00M$182.75M
Short-term debt$320.52M$460.32M$262.00M$277.85M$198.66M$234.89M$438.96M$120.48M$113.08M$67.36M
Long-term debt$2.75B$3.28B$3.19B$2.11B$2.13B$1.91B$1.25B$1.61B$1.47B$914.59M
Total debt$3.07B$3.74B$3.46B$2.39B$2.33B$2.14B$1.69B$1.73B$1.58B$981.96M
Total liabilities$3.24B$3.88B$3.61B$2.51B$2.46B$2.31B$2.19B$1.91B$1.95B$1.47B
Shareholders' equity$2.51B$2.34B$2.28B$2.26B$1.64B$1.61B$1.51B$1.16B$1.19B$1.50B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$682.46M$736.41M$856.18M$385.33M$85.26M$604.06M$280.19M$46.17M$130.49M$286.01M
Capital expenditures$12.53M$915.25M$1.63B$335.81M$473.76M-----
Free cash flow$669.93M-$178.84M-$775.24M$49.52M-$388.50M-----
Investing cash flow$24.98M-$483.40M-$1.24B-$257.32M-$374.42M-$715.97M-$190.57M-$199.22M-$722.50M-$396.44M
Financing cash flow-$869.62M-$147.80M$433.07M$13.44M$227.51M$124.18M$19.86M$116.06M$493.82M$48.62M
Dividends paid$207.04M$434.12M$638.93M$33.39M$0$312.39M$19.69M$386.0K$51.40M$164.55M
Stock-based compensation$5.56M-$2.19M$10.72M$4.70M$185.0K-----

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-8.8%18.4%27.0%90.9%-38.3%27.6%29.0%14.8%-14.3%64.4%
Net income growth, YoY-23.5%-24.5%38.0%--195.0%----24.3%
EPS growth, YoY-23.8%-24.4%32.9%--167.9%----41.9%
Operating margin30.4%36.1%40.9%31.0%1.1%41.6%25.0%11.1%-30.4%23.5%
Net margin19.2%22.9%35.9%33.1%-2.0%33.8%14.6%-1.2%-41.0%15.5%
Free cash flow margin34.0%-8.3%-42.4%3.4%-51.6%-----
Return on equity15.1%21.2%28.8%21.0%-0.9%25.7%9.3%-0.8%-22.3%7.8%
Return on assets6.6%8.0%11.2%10.0%-0.4%10.6%3.8%-0.3%-8.5%3.9%
Current ratio1.431.391.782.251.161.170.531.441.452.10
Debt to equity1.221.601.521.061.421.341.121.491.330.65

Source: XBRL data Frontline Plc files with the SEC, latest filing dated Mar 27, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

FRO peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
FRO$1.97B-8.8%$379.08M19.2%$10.11B
GD$56.52B+9.7%$4.66B8.2%$95.67B
RCL$19.13B+9.7%$4.55B23.8%$87.50B
CCL$27.59B+5.2%$3.14B11.4%$39.77B
VIK$6.50B+21.9%$1.15B17.7%$39.00B
BIP$23.10B+9.8%$2.53B11.0%$18.06B
HII$13.53B+12.6%$733.00M5.4%$11.38B
NCLH$10.16B+4.9%$832.94M8.2%$8.23B
KEX$3.49B+6.6%$355.23M10.2%$6.39B

FRO FAQ

8 questions
  • What is FRO revenue?
    Frontline Plc (FRO) reported $1.97B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 8.8% from the year before.
  • Is FRO profitable?
    Yes. Frontline Plc earned $379.08M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 19.2%.
  • How much cash and debt does FRO have?
    Frontline Plc reported $251.35M in cash and cash equivalents and $3.07B of debt on its most recent balance sheet in SEC filings.
  • How fast is FRO revenue growing?
    Frontline Plc's revenue changed -8.8% in fiscal 2025, to $1.97B. Its compound annual growth rate was +10.0% over 5 years and +15.7% over 10 years.
  • What is FRO free cash flow?
    Frontline Plc generated $669.93M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $682.46M less capital expenditures.
  • What is FRO earnings per share?
    Diluted earnings per share were $1.70 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did FRO last report financial results?
    The latest statements here come from Frontline Plc's 20-F filed on Mar 27, 2026, covering the period ended Dec 31, 2025.
  • Where does this FRO financial data come from?
    Quantisnow builds these statements from the structured XBRL data Frontline Plc files with the SEC. It is provided for information only and is not investment advice.