TORM Q2 FY26 net profit more than doubled to USD 338 million; TCE earnings climb 146.15% to USD 512 million - TRMD News | RalliesTORM Q2 FY26 net profit more than doubled to USD 338 million; TCE earnings climb 146.15% to USD 512 million
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TRMD• Q2 results and operating performance
- TORM posted Q2 net profit of USD 338 million, up 473% year over year, as TCE earnings more than doubled to USD 512 million.
- EBITDA climbed to USD 416 million, up 227.56%, while fleet-wide TCE averaged USD 59,301 per day, more than doubled year over year.
- Quarterly dividend rose to USD 2.40 per share from USD 0.40; payout ratio widened 6 percentage points to 73%.
- CEO Jacob Meldgaard called it the strongest quarter in TORM’s history, citing disrupted oil trade flows tied to the Strait of Hormuz.
- Full-year guidance raised: TCE earnings seen at USD 1.4-1.6 billion, EBITDA at USD 1-1.2 billion.
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