Frontline Q2 FY26 profit hits USD 659.2 million; revenue rises to USD 943.3 million - FRO News | RalliesFrontline Q2 FY26 profit hits USD 659.2 million; revenue rises to USD 943.3 million
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FRO• Quarterly results and dividend
- Frontline posted Q2 profit of USD 659.2 million, or USD 2.96 per share; declared a cash dividend of USD 2.61 per share.
- Revenue climbed to USD 943.3 million; adjusted profit reached USD 580.2 million, or USD 2.61 per share.
Rates, financing and asset sale
- Spot TCE averaged USD 152,700/day for VLCCs, USD 111,500/day for Suezmax, USD 92,400/day for LR2/Aframax.
- Weighted average interest-rate margin narrowed by about 52 bps, from 178 bps at end-Q1 2026 to 126 bps in Q3 2026.
- Agreed to sell two 2017-built VLCCs for USD 270 million; plans a one-time special dividend of USD 0.80 per share from proceeds.
