FRO Frontline plc

Overview and Growth

In fiscal 2021, Frontline plc recorded $749.38M of revenue, net loss of $11.15M, and an operating cash inflow of $62.93M. The $749.38M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 38.6% below fiscal 2020 revenue of $1.22B, marking a top-line contraction. Diluted earnings per share were -$0.06, translating the period’s attributable earnings into the amount reported for each diluted share. The per-share result recorded a 102.9% decrease from fiscal 2020 diluted EPS of $2.09. The diluted weighted-average share count was 198.97M, linking total earnings with the per-share result received by shareholders. Diluted shares moved 0.6% from 197.81M in fiscal 2020, leaving the current share base higher year over year. Total assets stood at $4.12B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Asset turnover was 0.18x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

The reported operating result was $12.22M, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 1.6% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all below-operating-line items, the company recorded a net loss of $11.15M for the fiscal year. Measured against revenue, the bottom-line deficit represented 1.5% after all recognized items. EBITDA was $159.99M, supplying an additional view of reported operating earnings before interest, taxes, depreciation, and amortization. The reported income-tax provision was $4.63M, the amount recognized between pretax income and the final net-income result. The net loss equaled 0.7% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 0.3%, placing the bottom-line deficit against the company’s resource base. The company moved from fiscal 2020 net income of $412.88M to a current net loss of $11.15M.

Liquidity and Capital Structure

At period end, the $4.12B asset base was financed through $2.46B of liabilities and $1.65B of equity. The near-term balance sheet paired $332.75M of current assets with $292.68M of current liabilities at the reporting date. At 1.14x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $113.07M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 38.6%, excluding receivables and other current assets. Borrowings totaled $2.32B, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 1.4x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 56.3% of total assets, placing borrowing in the context of the company’s full resource base. Book equity represented 40.1% of total assets, quantifying the balance-sheet share supported by shareholder capital. Relative to total assets, liabilities measured 59.9%, complementing the separate equity-based view of the company’s capital structure. Measured against total assets, cash and equivalents represented 2.7%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 5.1% from $3.92B in fiscal 2020, leaving current total assets higher year over year. Against $1.61B of equity in fiscal 2020, the current book-equity balance moved 2.5% and ended higher. The reported cash balance changed 35.3% from $174.72M in fiscal 2020, ending lower year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $62.93M, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow of $62.93M finished below fiscal 2020 operating cash flow of $604.06M, showing the year-over-year direction of cash generation.

Based on the annual report for the fiscal year ending Dec 31, 2021. Analysis generated Sep 24, 2026.