Below are the financial statements of Frontline, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues and other operating income | — | — | — |
| Revenues | 2,050.39a | 1,802.18a | 1,430.21a |
| Other operating income | 112.12a | 24.08a | 8.04a |
| Total revenues and other operating income | 2,162.51a | 1,826.26a | 1,438.25a |
| Operating expenses | — | — | — |
| Voyage expenses and commissions | -773.43a | -618.6a | -605.54a |
| Ship operating expenses | -232.24a | -176.53a | -175.16a |
| Administrative expenses | -36.09a | -53.53a | -47.37a |
| Depreciation | -339.03a | -230.94a | -165.17a |
| Contingent rental income | 0a | 0a | -0.62a |
| Total operating expenses | -1,380.79a | -1,079.6a | -992.63a |
| Net operating income | 781.71a | 746.67a | 445.62a |
| Other income (expenses) | — | — | — |
| Finance income | 17.1a | 18.07a | 1.48a |
| Finance expense | -295.09a | -171.34a | -45.33a |
| Gain (loss) on marketable securities | -3.41a | 22.99a | 58.36a |
| Share of results of associated companies | -0.6a | 3.38a | 14.24a |
| Dividends received | 3.54a | 36.85a | 1.58a |
| Net other income (expenses) | -278.46a | -90.05a | 30.33a |
| Profit before income taxes | 503.25a | 656.62a | 475.95a |
| Income tax expense | -7.67a | -0.21a | -0.41a |
| Profit for the period | 495.58a | 656.41a | 475.54a |
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