TORM plc Q2 2025 Results, Dividend Distribution, and Financial Outlook 2025
TORM plc (NASDAQ: TRMD) reported Q2 2025 financial results with TCE earnings of USD 208.2 million and a net profit of USD 58.7 million, showing a year-over-year decline from Q2 2024's exceptional performance. The company achieved average TCE rates of USD 26,672 per day across its fleet.
TORM declared a quarterly dividend of USD 0.40 per share, representing a 67% payout ratio. The company has also secured financing commitments of up to USD 857 million to refinance existing loans and lease agreements.
Following strong performance and positive outlook, TORM has raised its full-year 2025 guidance, projecting TCE earnings of USD 800-950 million and EBITDA of USD 475-625 million.
TORM plc (NASDAQ: TRMD) ha pubblicato i risultati finanziari del secondo trimestre 2025 con ricavi TCE pari a 208,2 milioni di USD e un utile netto di 58,7 milioni di USD, segnando un calo su base annua rispetto all'eccezionale performance del secondo trimestre 2024. La società ha realizzato una media di tariffe TCE di 26.672 USD al giorno sull'intera flotta.
TORM ha dichiarato un dividendo trimestrale di 0,40 USD per azione, corrispondente a un payout ratio del 67%. La società ha inoltre ottenuto impegni di finanziamento fino a 857 milioni di USD per rifinanziare prestiti e contratti di leasing in essere.
Grazie a una solida performance e a prospettive positive, TORM ha rivisto al rialzo le stime per l'intero 2025, prevedendo ricavi TCE tra 800 e 950 milioni di USD e un EBITDA compreso tra 475 e 625 milioni di USD.
TORM plc (NASDAQ: TRMD) informó los resultados del 2T 2025 con ganancias TCE de 208,2 millones de USD y un beneficio neto de 58,7 millones de USD, mostrando una caída interanual respecto al extraordinario desempeño del 2T 2024. La compañía alcanzó unas tasas TCE medias de 26.672 USD por día en toda su flota.
TORM declaró un dividendo trimestral de 0,40 USD por acción, equivalente a una tasa de reparto del 67%. Además, ha asegurado compromisos de financiación de hasta 857 millones de USD para refinanciar préstamos y contratos de arrendamiento existentes.
Tras un sólido desempeño y perspectivas positivas, TORM ha elevado su guía para todo 2025, proyectando ganancias TCE de 800�950 millones de USD y un EBITDA de 475�625 millones de USD.
TORM plc (NASDAQ: TRMD)� 2025� 2분기 실적� 발표하며, TCE 수익� 미화 USD 208.2 million� 순이익이 미화 USD 58.7 million� 기록� 2024� 2분기� 예외� 실적� 비해 연간 기준으로 감소했습니다. 회사� 함대 전반에서 평균 TCE 일일 요율� USD 26,672였다고 밝혔습니�.
հ읶 주당 분기 배당� 0.40 USD� 선언했으�, 이는 배당성향 67%� 해당합니�. 또한 기존 대� � 리스 계약� 재융자하� 위해 최대 USD 857 million� 자금 조달 약정� 확보했습니다.
견조� 실적� 긍정� 전망� 힘입� հ읶 2025� 연간 가이던스를 상향여 TCE 수익� USD 800�950 million, EBITDA� USD 475�625 million으로 예상하고 있습니다.
TORM plc (NASDAQ: TRMD) a publié ses résultats du 2e trimestre 2025 avec des produits TCE de 208,2 millions de dollars US et un bénéfice net de 58,7 millions de dollars US, enregistrant un recul d'une année sur l'autre par rapport à la performance exceptionnelle du 2T 2024. La société a réalisé des taux TCE moyens de 26 672 USD par jour sur l'ensemble de sa flotte.
TORM a déclaré un dividende trimestriel de 0,40 USD par action, représentant un taux de distribution de 67 %. La société a également obtenu des engagements de financement allant jusqu'à 857 millions USD pour refinancer des prêts et des contrats de location existants.
Suite à de solides résultats et des perspectives favorables, TORM a relevé ses prévisions pour l'ensemble de 2025, anticipant des produits TCE de 800�950 millions USD et un EBITDA de 475�625 millions USD.
TORM plc (NASDAQ: TRMD) meldete für das zweite Quartal 2025 TCE-Erträge in Höhe von USD 208,2 Mio. und ein Nettoergebnis von USD 58,7 Mio., was einem Rückgang gegenüber der außergewöhnlichen Performance im Q2 2024 entspricht. Das Unternehmen erzielte durchschnittliche TCE-Raten von USD 26.672 pro Tag über die gesamte Flotte.
TORM erklärte eine vierteljährliche Dividende von USD 0,40 pro Aktie, was einer Ausschüttungsquote von 67 % entspricht. Zudem hat das Unternehmen Finanzierungszusagen von bis zu USD 857 Mio. zur Refinanzierung bestehender Kredite und Leasingverträge gesichert.
Aufgrund der starken Performance und positiven Aussichten hat TORM seine Jahresprognose für 2025 nach oben angepasst und prognostiziert TCE-Erträge von USD 800�950 Mio. sowie ein EBITDA von USD 475�625 Mio.
- Secured USD 857 million in financing commitments on attractive terms
- Raised full-year 2025 guidance for both TCE earnings and EBITDA
- Maintained strong dividend policy with 67% payout ratio
- 56% of Q3 2025 earning days already covered at USD 30,617 per day
- Return on Invested Capital of 10.0% despite market normalization
- Net profit declined to USD 58.7M from USD 194.2M year-over-year
- TCE rates decreased to USD 26,672/day from USD 42,057/day in Q2 2024
- Quarterly dividend reduced to USD 0.40 from USD 1.80 year-over-year
- Unrealized losses on derivatives of USD 2.2M in Q2 2025
Insights
TORM shows strong Q2 performance despite industry normalization, raises 2025 guidance while maintaining healthy dividends despite lower rates.
TORM's Q2 2025 results demonstrate resilient performance in a normalizing product tanker market. The company achieved
What's particularly noteworthy is TORM's ability to navigate the complicated tanker market dynamics. While freight rates have normalized from 2024's extraordinary levels, they've stabilized at healthy levels - with the company achieving average daily TCE rates of
The
The updated guidance is the strongest positive signal here. TORM's increased TCE earnings guidance to
ᷡ鱫,ٱԳ, Aug. 14, 2025 /PRNewswire/ --
INSIDE INFORMATION
"TORM delivered a strong second-quarter result with continued market-leading performance, against a backdrop of global uncertainty," says Jacob Meldgaard, adding: "We see strong momentum heading into the second half of the year, and as a result, we are raising our full-year guidance."
Financial Results
In the second quarter of 2025 TORM (NASDAQ: TRMD) or (NASDAQ: TRMD A) generated time charter equivalent earnings (TCE) of
In the most recent quarter, volatile geopolitical developments and expanded sanctioning of vessels have added further complexity to the tanker market. While product tanker ton-miles began to rebound in March 2025, trade volumes on routes most affected by the Red Sea disruption remained subdued - effectively neutralizing earlier ton-mile gains driven by longer routing.
In this market, TORM achieved TCE rates of USD/day 26,672 on average (2024, same period: USD/day 42,057), and available earning days increased to 7,888 (2024, same period: 7,749). Our vessel class LR2 achieved TCE rates of USD/day 35,459, the LR1 vessels achieved TCE rates of USD/day 27,371, and the MR vessels achieved TCE rates of USD/day 23,345.
For the second quarter of 2025, Return on Invested Capital amounted to
Key Figures
USDm | Q2 2025 | Q2 2024 | Change | H1 2025 | H1 2024 | change |
Time charter equivalent earnings (TCE) | 208.2 | 325.9 | (117.7) | 422.2 | 656.6 | -234.4 |
EBITDA | 126.8 | 251.1 | (124.3) | 262.4 | 516.9 | -254.5 |
Adjusted EBITDA* | 129.0 | 251.1 | (122.1) | 266.7 | 518.3 | -251.6 |
Net profit/(loss) for the period | 58.7 | 194.2 | (135.5) | 121.6 | 403.4 | -281.8 |
Unrealized gains/(losses) on derivatives | (2.2) | 0.0 | (2.2) | (4.3) | (1.4) | -2.9 |
TCE per day (USD)* | 26,672 | 42,057 | -15,385 | 26,740 | 42,603 | -15,863 |
Basic earnings/(loss) per share (USD) | 0.60 | 2.08 | (1.48) | 1.24 | 4.40 | (3.16) |
Dividend per share (USD) | 0.40 | 1.80 | (1.40) | 0.80 | 3.30 | (2.50) |
Dividend pay-out ratio | 67% | 87% | (20)% | 65% | 75% | (10)% |
* Excludes unrealized gains/losses on derivatives. |
Vessel Transactions
In the second quarter of 2025, TORM sold and delivered the 2008-built LR2 vessel TORM Mathilde. In addition, the two 2008-built MR vessels TORM Voyager and TORM Discoverer were sold, with TORM Discoverer delivered to its new owner in July, and TORM Voyager scheduled for delivery later in the third quarter of the year.
Financing
TORM has secured financing commitments of up to
Distribution of Dividend
TORM's Board of Directors has today approved an interim dividend for the second quarter of 2025 of
Financial Outlook 2025 - INSIDE INFORMATION
As of 04August 2025, TORM had covered
For the full year 2025
Based on the earnings realized in the first half of the year as well as the outlook for the remaining part of the year, TORM increases the full-year 2025 guidance. Thus, TCE earnings are expected to be in the range of
Webcast and Conference Call
TORM will host a webcast and conference call for investors and analysts today, Thursday 14 August at 09:00 am Eastern Time / 03:00 pm Central European Time.
Participants joining webcast:
Please access the webcast .
Participants joining by telephone:
Please call one of the dial-in numbers below at least ten minutes prior to the start (Conference ID: 2961304):
Contacts
Mikael Bo Larsen, Head of Investor Relations
Tel.: +45 5143 8002
AboutTORM
TORM is one of the world's leading carriers of refined oil products. TORM operates a fleet of product tanker vessels with a strong commitment to safety. environmental responsibility and customer service. TORM was founded in 1889 and conducts business worldwide. TORM's shares are listed on Nasdaq in
Safe Harbor Statement as to the Future
Matters discussed in this release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are statements other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. Words such as, but not limited to, "expects," "anticipates," "intends," "plans," "believes," "estimates," "targets," "projects," "forecasts," "potential," "continue," "possible," "likely," "may," "could," "should" and similar expressions or phrases may identify forward-looking statements.
The forward-looking statements in this release are based upon various assumptions, many of which are, in turn, based upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond our control, the Company cannot guarantee that it will achieve or accomplish these expectations, beliefs, or projections.
Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, our future operating or financial results; changes in governmental rules and regulations or actions taken by regulatory authorities; inflationary pressure and central bank policies intended to combat overall inflation and rising interest rates and foreign exchange rates; general domestic and international political conditions or events, including "trade wars" and the war between
In the light of these risks and uncertainties, undue reliance should not be placed on forward-looking statements contained in this release because they are statements about events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements.
Except to the extent required by applicable law or regulation, the Company undertakes no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. Please see TORM's filings with the
This information was brought to you by Cision
The following files are available for download:
| Q2 2025 Report |
| 18-2025 - TORM plc Q2 2025 Results Dividend Distribution and Financial Outlook 2025 |
View original content:
SOURCE Torm PLC