Frontline Ltd. (FRO) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'21 |
|---|
| Sales/Revenue | 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 | 170.02M |
| Revenue Growth % | 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% | -56.08% |
| Cost of Goods Sold | 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 | 175.32M |
| COGS % of Revenue | 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% | 103.12% |
| Gross Profit | 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 | -5.3M |
| Gross Margin % | 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% | -3.12% |
| Gross Profit Growth % | 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% | -102.35% |
| Operating Expenses | 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 | 6.39M |
| OpEx % of Revenue | 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% | 3.76% |
| Selling, General & Admin | 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 | 7.95M |
| SG&A % of Revenue | 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% | 4.67% |
| 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 | -1000K | 135K | -227K | -1000K | -45K | -1000K | -1000K | 0 | -400K | -1000K | -1000K | 986K | -1000K | -336K | -1000K | -1000K | -1000K | -1000K |
| Operating Income | 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 | -11.69M |
| Operating Margin % | 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% | -6.87% |
| Operating Income Growth % | 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% | -105.18% |
| EBITDA | 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 | 25.73M |
| EBITDA Margin % | 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% | 15.13% |
| EBITDA Growth % | 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% | -90.14% |
| D&A (Non-Cash Add-back) | 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 | 37.42M |
| EBIT | 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 | -12M |
| Net Interest Income | -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 | -14.62M |
| Interest Income | 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 | 38K |
| Interest Expense | 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 | 14.65M |
| Other Income/Expense | 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 | -14.97M |
| Pretax Income | 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 | -26.66M |
| Pretax Margin % | 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% | -15.68% |
| Income Tax | 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 | -25K |
| Effective Tax Rate % | 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% | 0.09% |
| Net Income | 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 | -26.63M |
| Net Margin % | 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% | -15.66% |
| Net Income Growth % | 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% | -113.34% |
| Net Income (Continuing) | 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 | -26.63M |
| 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) | 2.51 | 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 | -0.13 |
| EPS Growth % | 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% | -112.87% |
| EPS (Basic) | 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 | -0.13 |
| 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 | 222.25M | 223.82M | 204.77M | 203.53M | 197.83M | 195.33M | 204.85M |
| 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 | 222.25M | 222.62M | 204.77M | 203.53M | 197.83M | 195.33M | 197.69M |
| Dividend Payout Ratio | 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% | - | - | - | - | - |