Frontline plc posts Q3 profit of $40.3 million on revenues of $432.7 million

Reuters11-21

Frontline plc posts Q3 profit of $40.3 million on revenues of $432.7 million

Frontline plc reported unaudited results for the third quarter ended September 30, 2025, with a profit of $40.3 million, or $0.18 per share, and an adjusted profit of $42.5 million, or $0.19 per share. Revenues for the quarter were $432.7 million. The company declared a cash dividend of $0.19 per share for the third quarter. Average daily spot time charter equivalent earnings were $34,300 for VLCCs, $35,100 for Suezmax tankers, and $31,400 for LR2/Aframax tankers. Business developments included the conversion of seven existing credit facilities into revolving reducing credit facilities totaling up to $493.4 million, with $374.2 million prepaid in September, October, and November 2025, reducing fleet average cash break even rates by about $1,300 per day for the next year. Frontline also sold its oldest Suezmax tanker, built in 2011, for $36.4 million, generating net cash proceeds of approximately $23.7 million after debt repayment.

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. Frontline plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001140097-en) on November 21, 2025, and is solely responsible for the information contained therein.

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