TORM Q2 FY26 net profit more than doubled to USD 338 million; TCE earnings climb 146.15% to USD 512 million

• 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.

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. TORM plc published the original content used to generate this news brief via Cision (Ref. ID: 20260825:BIT:1862:0) on August 26, 2026, and is solely responsible for the information contained therein.