TORM reported FY 2025 time charter equivalent earnings (TCE) of USD 909.7 million, down 19.8%, with EBITDA of USD 570.8 million, down 32.9%, adjusted EBITDA of USD 577.5 million, down 31.6%, and net profit of USD 286.0 million, down 53.2%. Basic EPS was USD 2.91, down 55.7%. FY 2025 TCE per day was USD 28,783, down 20.2%, and return on invested capital was 11.5%, down from 24.3%. The FY 2025 dividend was USD 2.12 per share, down 58.4%, with a 74% dividend pay-out ratio. In Q4 2025, TORM posted TCE of USD 251.0 million, up 16.9%, adjusted EBITDA of USD 151.5 million, up 12.2%, and net profit of USD 86.8 million, up 12.1%. Q4 2025 TCE per day was USD 30,658, up 18.9%, and the interim dividend was set at USD 0.70 per share for an expected total payout of USD 70.9 million, equivalent to 82% of net profit, payable on 25 March 2026. Operationally, TORM said 2025 trading conditions were shaped by geopolitical disruptions and sanctions-driven shifts in energy flows. The company continued fleet renewal, acquiring nine second-hand vessels in 2025, exercising purchase options on 14 leaseback vessels, and agreeing in Q4 to acquire eight product tankers (most delivered before year-end), while divesting one older LR2 tanker for delivery in early 2026; the fleet totaled 93 owned and leased vessels at end-December 2025. For FY 2026, TORM guided for TCE of USD 850 million to USD 1,250 million and EBITDA of USD 500 million to USD 900 million, and said that as of 17 February 2026 it had covered 70% of Q1 2026 earning days at USD 34,926/day and 23% of FY 2026 earning days at USD 34,462/day.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TORM plc published the original content used to generate this news brief via Cision (Ref. ID: 20260225:BIT:6287:0) on February 26, 2026, and is solely responsible for the information contained therein.