Frontline Ltd. (FRO) Quarterly Income Statement

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Frontline Ltd. (FRO) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

FRO Income Statement

Frontline Ltd. (FRO) annual income statement — 30-year revenue, gross profit & net income history

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	943.3M	714.24M	624.51M	432.65M	480.08M	427.87M	425.64M	490.32M	556.03M	578.4M	415M	377.08M	512.76M	497.33M	530.14M	382.19M	300.44M	217.44M	213.55M	171.82M
Revenue Growth %	96.49%	66.93%	46.72%	-11.76%	-13.66%	-26.03%	2.56%	30.03%	8.44%	16.3%	-21.72%	-1.33%	70.67%	128.72%	148.25%	122.43%	76.71%	12.09%	22.12%	-30.55%
Cost of Goods Sold	334.68M	318.28M	335.6M	327.33M	336.55M	321.58M	312.07M	338.59M	339.03M	355.03M	263.07M	247.44M	257.48M	258.09M	262.48M	258.3M	224.82M	195.73M	193.47M	185.88M
COGS % of Revenue	35.48%	44.56%	53.74%	75.66%	70.1%	75.16%	73.32%	69.05%	60.97%	61.38%	63.39%	65.62%	50.21%	51.9%	49.51%	67.58%	74.83%	90.01%	90.6%	108.18%
Gross Profit	608.62M	395.96M	288.91M	105.32M	143.53M	106.29M	113.58M	151.73M	217M	223.37M	151.94M	129.65M	255.28M	239.24M	267.66M	123.89M	75.61M	21.71M	20.07M	-14.05M
Gross Margin %	64.52%	55.44%	46.26%	24.34%	29.9%	24.84%	26.68%	30.95%	39.03%	38.62%	36.61%	34.38%	49.79%	48.1%	50.49%	32.42%	25.17%	9.99%	9.4%	-8.18%
Gross Profit Growth %	324.03%	272.53%	154.37%	-30.59%	-33.86%	-52.42%	-25.25%	17.03%	-15%	-6.63%	-43.23%	4.65%	237.61%	1001.83%	1233.3%	981.47%	1527.24%	-27.34%	74.34%	-116.24%
Operating Expenses	12.5M	25.92M	11.17M	9.36M	11.65M	13.12M	-16.14M	6.92M	-38.92M	-27.9M	13.89M	14.9M	2.31M	-1.65M	18.45M	11.51M	8.53M	966K	1.64M	5.18M
OpEx % of Revenue	1.32%	3.63%	1.79%	2.16%	2.43%	3.07%	-3.79%	1.41%	-7%	-4.82%	3.35%	3.95%	0.45%	-0.33%	3.48%	3.01%	2.84%	0.44%	0.77%	3.02%
Selling, General & Admin	12.5M	25.92M	11.17M	15.33M	11.52M	13.35M	1.71M	6.96M	12.57M	14.85M	13.89M	15.3M	11.7M	12.64M	17.47M	13.45M	8.87M	6.9M	9.72M	6.45M
SG&A % of Revenue	1.32%	3.63%	1.79%	3.54%	2.4%	3.12%	0.4%	1.42%	2.26%	2.57%	3.35%	4.06%	2.28%	2.54%	3.29%	3.52%	2.95%	3.17%	4.55%	3.75%
Research & Development	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	-1000K	135K	-227K	-1000K	-45K	-1000K	-1000K	0	-400K	-1000K	-1000K	986K	-1000K	-336K	-1000K	-1000K	-1000K
Operating Income	596.12M	370.04M	277.74M	95.97M	131.88M	93.17M	129.72M	144.81M	255.92M	251.27M	138.05M	114.75M	252.97M	240.89M	249.21M	112.38M	67.08M	20.75M	18.44M	-19.24M
Operating Margin %	63.2%	51.81%	44.47%	22.18%	27.47%	21.77%	30.48%	29.53%	46.03%	43.44%	33.26%	30.43%	49.34%	48.44%	47.01%	29.41%	22.33%	9.54%	8.63%	-11.2%
Operating Income Growth %	352.02%	297.18%	114.11%	-33.73%	-48.47%	-62.92%	-6.03%	26.19%	1.16%	4.31%	-44.61%	2.11%	277.11%	1061.09%	1251.52%	684.17%	673.94%	-16.01%	544.27%	-127.11%
EBITDA	667.46M	446.04M	359.94M	180.12M	214.05M	174.43M	212.86M	228.97M	339.63M	339.28M	198.06M	173.03M	310.07M	296.44M	298.67M	153.89M	106.92M	61.69M	58.49M	19.33M
EBITDA Margin %	70.76%	62.45%	57.64%	41.63%	44.59%	40.77%	50.01%	46.7%	61.08%	58.66%	47.73%	45.89%	60.47%	59.61%	56.34%	40.27%	35.59%	28.37%	27.39%	11.25%
EBITDA Growth %	211.83%	155.71%	69.09%	-21.33%	-36.98%	-48.59%	7.47%	32.32%	9.53%	14.45%	-33.68%	12.44%	190.01%	380.51%	410.59%	696.21%	315.53%	0.08%	863.97%	-82.14%
D&A (Non-Cash Add-back)	71.34M	76M	82.2M	84.16M	82.17M	81.26M	83.15M	84.16M	83.71M	88.01M	60.02M	58.28M	57.1M	55.55M	49.46M	41.51M	39.84M	40.95M	40.05M	38.57M
EBIT	596.12M	370.04M	280.12M	100.67M	137.33M	98.09M	141.65M	147.69M	262.5M	253.74M	166.65M	145.86M	263.23M	244.86M	273.36M	166.18M	61.39M	20.2M	41.25M	-17.97M
Net Interest Income	-30.51M	-37.54M	-48.54M	-54.91M	-53.65M	-58.31M	-71.27M	-77.39M	-67.73M	-69.15M	-48.88M	-34.31M	-27.54M	-42.54M	-60.85M	-9.53M	-9.96M	-16.91M	-16.79M	-15.2M
Interest Income	4.71M	2.68M	2.47M	4.12M	4.61M	4.48M	3.86M	5.05M	5.65M	2.23M	6.54M	3.8M	4.86M	2.87M	1.05M	211K	141K	58K	10K	26K
Interest Expense	35.23M	40.22M	51.01M	59.03M	58.27M	62.8M	75.13M	82.44M	73.38M	71.38M	55.42M	38.11M	32.39M	45.42M	61.91M	9.74M	10.1M	16.97M	16.8M	15.22M
Other Income/Expense	63.6M	189.65M	-48.63M	-54.33M	-52.81M	-57.88M	-63.2M	-79.56M	-66.8M	-68.9M	-19.45M	-7M	-22.14M	-41.45M	-6.15M	44.06M	-15.79M	8.21M	6.01M	-13.95M
Pretax Income	659.73M	559.69M	229.11M	41.64M	79.06M	35.29M	66.52M	65.25M	189.12M	182.37M	118.6M	107.75M	230.84M	199.44M	243.06M	156.44M	51.29M	28.95M	24.45M	-33.19M
Pretax Margin %	69.94%	78.36%	36.69%	9.62%	16.47%	8.25%	15.63%	13.31%	34.01%	31.53%	28.58%	28.57%	45.02%	40.1%	45.85%	40.93%	17.07%	13.32%	11.45%	-19.32%
Income Tax	554K	570K	1.18M	1.32M	1.52M	2M	-214K	4.8M	1.54M	1.55M	226K	4K	161K	-186K	202K	204K	19K	-13K	4.66M	15K
Effective Tax Rate %	0.08%	0.1%	0.52%	3.17%	1.92%	5.67%	-0.32%	7.35%	0.81%	0.85%	0.19%	0%	0.07%	-0.09%	0.08%	0.13%	0.04%	-0.04%	19.05%	-0.05%
Net Income	659.17M	559.12M	227.93M	40.32M	77.54M	33.29M	66.73M	60.46M	187.57M	180.82M	118.37M	107.74M	230.67M	199.63M	242.85M	156.24M	51.27M	28.97M	19.79M	-33.21M
Net Margin %	69.88%	78.28%	36.5%	9.32%	16.15%	7.78%	15.68%	12.33%	33.73%	31.26%	28.52%	28.57%	44.99%	40.14%	45.81%	40.88%	17.07%	13.32%	9.27%	-19.33%
Net Income Growth %	750.07%	1579.69%	241.56%	-33.31%	-58.66%	-81.59%	-43.62%	-43.89%	-18.68%	-9.42%	-51.26%	-31.04%	349.88%	589.13%	1126.9%	570.52%	292.54%	0.25%	315.48%	-158.19%
Net Income (Continuing)	659.17M	559.12M	227.93M	40.32M	77.54M	33.29M	66.73M	60.46M	187.57M	180.82M	118.37M	107.74M	230.67M	199.63M	242.85M	156.24M	51.27M	28.97M	19.79M	-33.21M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-472K	-472K	-472K	-472K	-472K	-472K	-472K	-472K	-472K	-472K	-472K	-472K	-472K	-472K	-472K	-472K	-472K	-472K	-472K	-472K
EPS (Diluted)	2.96	2.51	1.02	0.18	0.35	0.15	0.30	0.27	0.84	0.81	0.53	0.48	1.04	0.90	1.08	0.69	0.23	0.15	0.10	-0.17
EPS Growth %	745.71%	1573.33%	240%	-33.33%	-58.33%	-81.48%	-43.4%	-43.75%	-19.23%	-10%	-50.93%	-30.43%	352.17%	500%	980%	505.88%	276.92%	0%	315.05%	-158.62%
EPS (Basic)	2.96	2.51	1.02	0.18	0.35	0.15	0.30	0.27	0.84	0.81	0.53	0.48	1.04	0.90	1.08	0.69	0.23	0.15	0.10	-0.17
Diluted Shares Outstanding	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.25M	223.82M	204.77M	203.53M	197.83M	195.33M
Basic Shares Outstanding	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.62M	222.25M	222.62M	204.77M	203.53M	197.83M	195.33M
Dividend Payout Ratio	52.35%	41.01%	18.56%	198.77%	51.68%	133.76%	113.43%	228.3%	73.58%	45.55%	56.42%	165.3%	67.56%	119.33%	13.75%	113.99%	-	-	-	-