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TORM reports record Q2 earnings, raises 2026 guidance amid high freight rates and fleet expansion.

Company Fundamentals
26 Aug 2026
PRNewsWire
View Source
Bullish
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TORM achieved its strongest quarterly results in Q2 2026 with net profit soaring to USD 338 million, driven by unprecedented freight rates due to geopolitical tensions disrupting oil trade. The company raised its full-year 2026 earnings guidance by USD 200 million, expecting TCE earnings between USD 1.4-1.6 billion and EBITDA of USD 1.0-1.2 billion. TORM also expanded its fleet with new vessel acquisitions and plans further deliveries through 2029, supporting long-term growth. An interim dividend of USD 2.40 per share was approved, reflecting strong profitability and confidence in market conditions.

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