FRO on NYSE

Frontline

Logo: Frontline, Public domain, via Wikimedia Commons5

Shipping company

Frontline PLC is the world's fifth largest oil tanker shipping company, based in Limassol, Cyprus and controlled by John Fredriksen. Its primary business is transporting crude oil. As of 2008 the company had one of the world's largest tanker fleets consisting of VLCC, Suezmax and Suezmax OBO carriers (82 tankers in total with 18 more on order).3 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 20, 2026.

Overview

$2.0BRevenue, fiscal 20256
$379.1MNet income, fiscal 20256
1985Founded1

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  • TickerFRO on NYSE1
  • Industryshipping1
  • HeadquartersLimassol1
  • Websitewww.frontlineplc.cy
  • Legal formprivate company limited by shares1
  • Listed onNew York Stock Exchange (FRO), Oslo Stock Exchange (FRO)1
  • Business address8, John Kennedy Street, Iris House, Off. 740B, Limassol, G4 31067
  • Filer categoryLarge accelerated filer7
  • LEI2138004B4QMPPPSZ99084
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O MAPLESFS LIMITED, KY1-1102 Grand Cayman, Cayman Islands4
  • Registered withGeneral Registry, 2392774

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Frontline PLC is the world's fifth largest oil tanker shipping company, based in Limassol, Cyprus and controlled by John Fredriksen. Its primary business is transporting crude oil. As of 2008 the company had one of the world's largest tanker fleets consisting of VLCC, Suezmax and Suezmax OBO carriers (82 tankers in total with 18 more on order).3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

30.4%Operating margin6
19.2%Net margin6
-8.8%Revenue growth, 20256
15.1%Return on equity6
1.09×Debt to equity6
$669.9MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs69¢$1.4B
  • Interest12¢$233.2M
  • Income tax0¢$6.0M
  • Profit19¢$379.1M

Out of $2.0B in revenue.6

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢$12.5M
  • Dividends paid30¢$207.0M
  • Kept or used elsewhere68¢$462.9M

Out of $682.5M of cash from operations.6

Financial statements

Revenue910116$2.0B in 2025+166% since 2018
0$1.0B$2.0B$3.0B2018: $742.3M$742.3M20182019: $628.5M$628.5M2019−15%2020: $428.4M$428.4M2020−32%2021: $640.3M$640.3M2021+49%2022: $1.4B$1.4B2022+125%2023: $1.8B$1.8B2023+27%2024: $2.2B$2.2B2024+18%2025: $2.0B$2.0B2025−9%
Operating income910116$598.8M in 2025+624% since 2018
0$200.0M$400.0M$600.0M$800.0M2018: $82.7M$82.7M20182019: $239.5M$239.5M2019+190%2020: $507.8M$507.8M2020+112%2021: $12.2M$12.2M2021−98%2022: $445.6M$445.6M2022+3548%2023: $746.7M$746.7M2023+68%2024: $781.7M$781.7M2024+5%2025: $598.8M$598.8M2025−23%
Net income910116$379.1M in 2025
-$200.0M0$200.0M$400.0M$600.0M$800.0M2018: -$8.9M-$8.9M20182019: $140.0M$140.0M20192020: $412.9M$412.9M2020+195%2021: -$11.1M-$11.1M20212022: $475.5M$475.5M20222023: $656.4M$656.4M2023+38%2024: $495.6M$495.6M2024−25%2025: $379.1M$379.1M2025−24%

Every line of the income statement as filed: the last 3 fiscal years, latest first.6

Period ending2025-12-312024-12-312023-12-31
Revenues$2.0B$2.1B$1.8B
Other operating income$6.1M$112.1M$24.1M
Total revenues and other operating income$2.0B$2.2B$1.8B
Voyage expenses and commissions$753.7M$773.4M$618.6M
Ship operating expenses$238.8M$232.2M$176.5M
Administrative expenses$51.4M$36.1M$53.5M
Depreciation$328.5M$339.0M$230.9M
Total operating expenses$1.4B$1.4B$1.1B
Net operating income$598.8M$781.7M$746.7M
Finance income$15.8M$17.1M$18.1M
Finance expense-$233.2M-$295.1M-$171.3M
Gain (loss) on marketable securities-$1.6M-$3.4M$23.0M
Share of results of associated companies$1.1M-$599.0K$3.4M
Dividends received$4.3M$3.5M$36.9M
Net other expenses-$213.7M-$278.5M-$90.0M
Profit before income taxes$385.1M$503.3M$656.6M
Income tax expense-$6.0M-$7.7M-$205.0K
Profit for the period$379.1M$495.6M$656.4M
Basic earnings per share (in USD per share)$1.70$2.23$2.95
Diluted earnings per share (in USD per share)$1.70$2.23$2.95

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Corporate structure

Frontline sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Frontline

  • Folketrygdfondet Filed SCHEDULE 13G/A on Frontline, latest Aug 13, 2026 (4 filings since Feb 1, 2022)
  • HEMEN HOLDING LTD Filed SCHEDULE 13D/A on Frontline, latest Mar 27, 2026 (2 filings since Mar 28, 2022)
  • Frontline Zurich, Switzerland

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Frontline reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$06 Dec 31, 2025$06 Dec 31, 2024
Property and equipment, net$4.9B6 Dec 31, 2025$5.2B6 Dec 31, 2024−6.4%
Operating-lease assets (leased space)$06 Dec 31, 2025$1.4M6 Dec 31, 2024−100.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$251.3M6 Dec 31, 2025$413.5M6 Dec 31, 2024−39.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$112.5M6 Dec 31, 2025$112.5M6 Dec 31, 20240%

Inventory

ItemLatestA year beforeChange
Inventory, total$120.1M6 Dec 31, 2025$137.0M6 Dec 31, 2024−12.4%

The story

Frontline has its origin in Frontline AB, which was founded in 1985, and which was listed on the Stockholm Stock Exchange from 1989 to 1997. Hemen Holding (a company indirectly controlled by the largest shareholder and chairman of Frontline, John Fredriksen) became the largest shareholder of Frontline in 1996. In May 1997, a decision was made at the general meeting in Frontline AB to change its domicile from Sweden to Bermuda and to list its shares on the Oslo Stock Exchange. The change of domicile was executed through a share for share exchange offer from the then newly formed Frontline in Bermuda.

Under Fredriksen the company absorbed several other companies: London and Overseas Freighters (1997), ICB (1999), and Golden Ocean (2000). These takeovers made Frontline the world's largest tanker company, a position it has retained to the present day.

From Wikipedia’s article on Frontline Ltd., shared under CC BY-SA 4.0.8

Leadership

Who has led Frontline, and when. Pick a name to see everywhere that person has worked.

Chair

  1. Lars H. Barstad2020–now
1990200020102020

Former names

  • FRONTLINE LTD /Dec 18, 1998 to Dec 20, 20227
  • LONDON & OVERSEAS FREIGHTERS LTDJan 31, 1995 to Feb 11, 19987

Timeline

  1. 1985Founded Founded1

Calendar

Coming up

  1. Nov 20, 2026Reports results for the quarter ending Sep/202614

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

75 filings to the SEC since October 2021: 5 annual reports, 1 major events, 6 large holders, 63 other. The latest 20:

  1. Sep 16, 20266-K EDGAR
  2. Aug 28, 20266-K EDGAR
  3. Aug 13, 2026SCHEDULE 13G/A EDGAR
  4. May 26, 20266-K EDGAR
  5. Mar 30, 20266-K EDGAR
  6. Mar 27, 202620-F EDGAR
  7. Mar 27, 2026SCHEDULE 13D/A EDGAR
  8. Mar 3, 20266-K EDGAR
  9. Feb 27, 20266-K EDGAR
  10. Jan 9, 20266-K EDGAR
  11. Dec 30, 20256-K EDGAR
  12. Nov 21, 20256-K EDGAR
  13. Sep 18, 20256-K EDGAR
  14. Sep 17, 20256-K EDGAR
  15. Aug 29, 20256-K EDGAR
  16. May 23, 20256-K EDGAR
  17. Apr 9, 20256-K EDGAR
  18. Apr 7, 202520-F EDGAR
  19. Mar 3, 20256-K EDGAR
  20. Dec 16, 20246-K EDGAR

The 75 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • FolketrygdfondetSCHEDULE 13G/A, 4 filings Feb 1, 2022 to Aug 13, 202615
  • HEMEN HOLDING LTDSCHEDULE 13D/A, 2 filings Mar 28, 2022 to Mar 27, 202616

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
May 5, 2025Marjorie Taylor GreeneRepublican, HouseBuy$1,001 - $15,000+158.4%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Frontline is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFrontline plc2
  • CIK0000913290
  • Employer ID (EIN)98-01359192
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company17
  • Incorporated inCyprus17
  • Fiscal year endsDecember 312
  • Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address8, John Kennedy Street, Iris House, Off. 740B, Limassol, G4 31062
  • Phone35725-5887672
  • Shares outstanding222,622,889 shares as of Dec 31, 202517
  • AuditorPricewaterhouseCoopers AS, Oslo, Norway PCAOB ID 1318; it also attests to the company’s internal control over financial reporting17
  • On EDGAR sinceJan 31, 19952
  • Filings503 in all: 6-K (250), 425 (51), SC 13G/A (35), 20-F (28), SC 13D/A (27), UPLOAD (21), CORRESP (19), SC 13G (13)2
    All 28 form types

    SC 13D (9), 424B3 (6), EFFECT (6), 20-F/A (5), F-3/A (5), F-4/A (5), F-3 (4), 424B2 (3), 424B7 (2), 6-K/A (2), F-4 (2), NT 20-F (2), 8-A12B (1), 8-A12B/A (1), 8-K12B (1), F-3ASR (1), F-6 POS (1), POS AM (1), SCHEDULE 13D/A (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (20-F) Mar 27, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary Shares, Nominal Value $1.00 Per ShareFRONew York Stock Exchange

From the cover page of the 20-F filed Mar 27, 2026 (Section 12(b) of the Exchange Act).17

Sources

The numbers on this page point here. Each one links to the record it came from.

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