TORM PLC's stock surged 6.42% in pre-market trading on Thursday, following the release of its 2025 annual report which included robust fourth-quarter results, a dividend distribution, and an optimistic financial outlook for the coming year.
The product tanker company reported improved financial performance in the fourth quarter of 2025, with net profit rising to USD 87 million compared to USD 77 million in the same period last year. Time charter equivalent earnings for Q4 reached USD 251 million, up from USD 215 million in Q4 2024. The company's Board of Directors approved an interim dividend of USD 0.70 per share for the fourth quarter, reflecting a payout ratio of 82% of net profit.
Looking ahead to 2026, TORM provided a favorable financial outlook, expecting time charter equivalent earnings in the range of USD 850 to 1,250 million, compared to USD 910 million in 2025. CEO Jacob Meldgaard stated, "We ended 2025 on a very strong note... As we look to 2026, we see a favorable market environment, and TORM is well-positioned to continue delivering value for our shareholders." The company also noted that as of February 17, 2026, it had covered 70% of its first-quarter earning days at strong rates.
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