TORM Reports Q3 Profit of $199 Million, Raises 2026 Guidance
Third-quarter net profit was $199 million, versus $78 million a year earlier. TCE earnings rose to $353 million from $236 million, and EBITDA reached $274 million. TORM raised the lower end of full-year 2026 TCE earnings and EBITDA guidance by $50 million each and approved a $1.35-per-share interim dividend.
TORM plc reported a significant increase in third-quarter 2026 performance, with net profit reaching $199 million compared to $78 million in the same period last year. Time charter equivalent (TCE) earnings rose to $353 million, up from $236 million, while EBITDA reached $274 million. Driven by strong market conditions and elevated tanker freight rates, the company raised the lower end of its full-year 2026 guidance by $50 million for both TCE earnings and EBITDA. Additionally, the board approved an interim dividend of $1.35 per share, representing 75% of the quarter's net profit excluding non-recurring items.
The company attributed the strong performance to logistical inefficiencies and disruptions in global oil trade flows that have supported tanker capacity demand.