Frontline (FRO)
Owns and operates crude-oil and product tankers for international seaborne transport.
$47.63
After hours−0.27 (−0.56%)
At close$47.90(−3.83%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 377 | 415 | 578 | 556 | 490 | 426 | 428 | 480 | 433 | 625 | 714 | 943 |
| Cost of revenue | 247 | 263 | 355 | 339 | 339 | 312 | 322 | 337 | 327 | 336 | 318 | 335 |
| Gross profit | 130 | 152 | 223 | 217 | 152 | 114 | 106 | 144 | 105 | 289 | 396 | 609 |
| 15 | 14 | −28 | −39 | 7 | −16 | 13 | 12 | 9 | 11 | 26 | 12 | |
| 15 | 14 | 15 | 13 | 7 | 2 | 13 | 12 | 15 | 11 | 26 | 12 | |
| General & administrative | 15 | 14 | 15 | 13 | 7 | 2 | 13 | 12 | 15 | 0 | 0 | 0 |
| Other expenses | 0 | 0 | −43 | −51 | 0 | −18 | 0 | 0 | −6 | 0 | 0 | 0 |
| Operating income | 115 | 138 | 251 | 256 | 145 | 130 | 93 | 132 | 96 | 278 | 370 | 596 |
| −7 | −19 | −69 | −67 | −80 | −63 | −58 | −53 | −54 | −49 | 190 | 64 | |
| Interest income | 4 | 7 | 2 | 6 | 5 | 4 | 4 | 5 | 4 | 2 | 3 | 5 |
| Interest expense | 38 | 55 | 71 | 73 | 82 | 75 | 63 | 58 | 59 | 51 | 40 | 35 |
| Other non-operating income | −31 | −29 | −2 | −7 | −3 | −12 | −5 | −5 | −5 | −2 | −230 | 0 |
| Income before tax | 108 | 119 | 182 | 189 | 65 | 67 | 35 | 79 | 42 | 229 | 560 | 660 |
| Income tax expense | 0 | 0 | 2 | 2 | 5 | 0 | 2 | 2 | 1 | 1 | 1 | 1 |
| Net income from continuing operations | 108 | 118 | 181 | 188 | 60 | 67 | 33 | 78 | 40 | 228 | 559 | 659 |
| Net income | 108 | 118 | 181 | 188 | 60 | 67 | 33 | 78 | 40 | 228 | 559 | 659 |
| EPS, basic | $0.48 | $0.53 | $0.81 | $0.84 | $0.27 | $0.30 | $0.15 | $0.35 | $0.18 | $1.02 | $2.51 | $2.96 |
| EPS, diluted | $0.48 | $0.53 | $0.81 | $0.84 | $0.27 | $0.30 | $0.15 | $0.35 | $0.18 | $1.02 | $2.51 | $2.96 |
| Weighted average shares, basic | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 |
| Weighted average shares, diluted | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 | 223 |
| EBITDA | 204 | 227 | 342 | 346 | 232 | 225 | 179 | 220 | 185 | 362 | 676 | 667 |
| Depreciation & amortization | 58 | 60 | 88 | 84 | 84 | 83 | 81 | 82 | 84 | 82 | 76 | 71 |
| EBIT | 146 | 167 | 254 | 262 | 148 | 142 | 98 | 137 | 101 | 280 | 600 | 596 |
