TORM plc(US:TRMD) Prnewswire·2026-02-26 08:16Core Insights - TORM plc demonstrated strong financial performance in 2025, with a focus on operational excellence and resilience amid geopolitical challenges, positioning itself favorably for 2026 [1][2] Financial Results - TORM generated time charter equivalent (TCE) earnings of USD 910 million in 2025, down from USD 1,135 million in 2024 [1] - Adjusted EBITDA for 2025 totaled USD 578 million, compared to USD 844 million in 2024, reflecting unrealized losses on financial instruments [1] - The net profit for 2025 was USD 286 million, a decrease from USD 612 million in 2024 [1] - TCE fleet-wide rates averaged USD/day 28,783 in 2025, down from USD/day 36,061 in 2024 [1] Market Environment - The year 2025 was influenced by geopolitical factors, including US tariffs, Houthi attacks, and sanctions on Russia, Iran, and Venezuela, which affected global trade and shipping routes [1] - TORM's operational agility allowed it to navigate these challenges effectively, maintaining a competitive edge in the product tanker industry [1] Vessel Transactions - TORM executed a disciplined fleet renewal strategy, acquiring eight product tankers in Q4 2025 and divesting one older LR2 tanker [1] - Throughout 2025, TORM acquired nine second-hand vessels and transitioned 14 leaseback vessels to full ownership, enhancing fleet quality and operational flexibility [1] Dividend Distribution - The Board of Directors approved an interim dividend of USD 0.70 per share for Q4 2025, amounting to a total payment of USD 70.9 million, reflecting 82% of net profit [1] Financial Outlook for 2026 - TORM expects TCE earnings for 2026 to range between USD 850 million and USD 1,250 million, with EBITDA projected between USD 500 million and USD 900 million [2] - As of February 17, 2026, TORM had covered 70% of Q1 2026 earning days at an average rate of USD/day 34,926, with 77% of full-year 2026 earning days still subject to change [2]