Also trades as: FRO.OL (OSL) · $vol 48M

$53.77

-1.46 (-2.64%)

After Hours: $53.89 (+0.12, +0.22%)

Weekly Expected Move ±7.1%

$45 $49 $53 $57 $60

NYSE · Industrials · Marine Shipping · Tech Score Neutral · Power 65 · $12.0B mcap · 121M float · 2.64% daily turnover · Short 56% of daily vol

Credit Risk of going bust: lower than 55% of companies Debt: 16.5% of company value Bonds: none of note held by US funds details ▾

If the stock fell to about $1.08 (down 98%), Frontline Plc would be worth roughly what it owes.
Total debt $2.43B against a stock market value of $12.30B.
Distance to default 5.62 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.35B (short-term plus half of long-term), stock volatility 44.6%; Altman Z'' 4.29. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Revenue Segmentation

By Product / Service

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$2.0B -4.2% ▼

5Y CAGR: +10.0%

Gross Profit

$644M -8.7% ▼

5Y CAGR: +3.7%

Operating Income

$593M -24.2% ▼

5Y CAGR: +3.1%

Net Income

$379M -23.5% ▼

5Y CAGR: -1.7%

EPS (Diluted)

$1.70 -23.8% ▼

5Y CAGR: -4.0%

EBITDA

$921M -19.5% ▼

5Y CAGR: +7.9%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$749M	$1.4B	$1.8B	$2.1B	$2.0B
YoY Growth	-38.6%	+90.9%	+24.9%	+14.7%	-4.2%
Cost of Revenue	$722M	$946M	$1.0B	$1.3B	$1.3B
Gross Profit	$27M	$484M	$776M	$706M	$644M
Gross Margin	3.6%	33.9%	43.1%	34.4%	32.8%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$26M	$47M	$54M	$36M	$51M
Operating Expenses	$19M	$39M	$29M	-$76M	$51M
Operating Income	$8M	$446M	$747M	$782M	$593M
Operating Margin	1.1%	31.2%	41.4%	38.1%	30.2%
Interest Expense	$62M	$99M	$178M	$302M	$233M
Income Before Tax	-$10M	$476M	$657M	$503M	$385M
Tax Expense	$5M	$412K	$205K	$8M	$6M
Net Income	-$15M	$476M	$656M	$496M	$379M
Net Margin	-2.0%	33.2%	36.4%	24.2%	19.3%
EPS (Diluted)	$-0.06	$2.22	$2.95	$2.23	$1.70
EBITDA	$211M	$740M	$1.1B	$1.1B	$921M
Shares Outstanding	199M	214M	223M	223M	223M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$490M	$426M	$428M	$480M	$433M	$625M	$714M	$943M
Cost of Revenue	$339M	$312M	$322M	$337M	$327M	$336M	$318M	$335M
Gross Profit	$152M	$114M	$106M	$144M	$105M	$289M	$396M	$609M
Gross Margin	30.9%	26.7%	24.8%	29.9%	24.3%	46.3%	55.4%	64.5%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$7M	$2M	$13M	$12M	$15M	$11M	$26M	$12M
Operating Expenses	$7M	-$16M	$13M	$12M	$9M	$11M	$26M	$12M
Operating Income	$145M	$130M	$93M	$132M	$96M	$278M	$370M	$596M
Operating Margin	29.5%	30.5%	21.8%	27.5%	22.2%	44.5%	51.8%	63.2%
Interest Expense	$82M	$75M	$63M	$58M	$59M	$51M	$40M	$35M
Income Before Tax	$65M	$67M	$35M	$79M	$42M	$229M	$560M	$660M
Tax Expense	$5M	-$214K	$2M	$2M	$1M	$1M	$570K	$554K
Net Income	$60M	$67M	$33M	$78M	$40M	$228M	$559M	$659M
Net Margin	12.3%	15.7%	7.8%	16.2%	9.3%	36.5%	78.3%	69.9%
EPS (Diluted)	$0.27	$0.30	$0.15	$0.35	$0.18	$1.02	$2.51	$2.96
EBITDA	$232M	$225M	$179M	$220M	$185M	$362M	$676M	$667M
Shares Outstanding	223M	223M	223M	223M	223M	223M	223M	223M

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