Stock Track | Torm PLC Soars 5.15% on Strong Q3 Results and Dividend Announcement

Stock Track
Nov 06

Torm PLC (TRMD) shares surged 5.15% in pre-market trading on Thursday following the release of its robust third-quarter 2025 financial results and the announcement of a dividend distribution. The Danish shipping company demonstrated resilience in a normalizing market, delivering its strongest quarterly performance for 2025 thus far.

For Q3 2025, Torm reported time charter equivalent (TCE) earnings of $236.4 million and a net profit of $77.6 million. Although these figures represent a decrease from the same period in 2024, they reflect the company's ability to maintain profitability in a less favorable market environment. The Board of Directors approved an interim dividend of $0.62 per share for the third quarter, corresponding to a total payout of approximately $60.7 million and representing 78% of the net profit.

Looking ahead, Torm has narrowed and slightly increased its full-year 2025 guidance, projecting TCE earnings between $875-925 million and EBITDA in the range of $540-590 million. The company's CEO, Jacob Meldgaard, highlighted the strength of Torm's integrated operating model and its continued delivery of market-leading performance. Despite the normalization of market conditions, geopolitical volatility and broader vessel sanctions continue to add complexity and support the tanker market, positioning Torm for potential future growth.

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