TS LINES (02510) announced that the group expects profit attributable to equity shareholders of the company for the six months ended June 30, 2025 to be approximately US$180 million to US$200 million, representing an increase of approximately 220% to 255% compared to the profit attributable to equity shareholders of approximately US$56.3 million for the same period in 2024.

The significant increase in profit for the six months ended June 30, 2025 was mainly due to: (i) overall average freight rates increased, consistent with market trends; and (ii) charter rental income increased, mainly due to an increase in the number of vessels chartered out at higher rental rates.