TORM Q1 FY26 net profit rises 93.65% to USD 122 million; EBITDA climbs 47.79% to USD 201 million

  • TORM posted Q1 2026 net profit of USD 122 million, up 93.65%, as time charter equivalent earnings climbed 33.64% to USD 286 million.
  • EBITDA rose 47.79% to USD 201 million, including USD 5 million of unrealized losses on financial instruments.
  • Fleet-wide TCE rates increased 30.33% to USD 34,937 per day, while basic EPS rose 89.06% to USD 1.21.
  • Interim dividend set at USD 0.70 per share, implying an expected total payout of USD 72 million; payment set for June 11 with record date May 28.
  • Guidance raised for 2026, with TCE earnings now seen at USD 1.15 billion-1.45 billion and EBITDA at USD 800 million-1.1 billion; CEO Jacob Meldgaard cited record April rates and said TORM invested in fleet renewal including six MR resales.


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