Torm A/S ( (TRMD) ) has released its Q2 earnings. Here is a breakdown of the information Torm A/S presented to its investors.
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Torm A/S is a shipping company specializing in the transportation of refined oil products, operating primarily within the product tanker segment. The company is known for its extensive fleet and strategic positioning in the global shipping industry.
Torm A/S reported a robust performance in the second quarter of 2025, despite facing global market uncertainties. The company has raised its full-year guidance, reflecting strong momentum as it heads into the second half of the year.
The company’s time charter equivalent earnings (TCE) for Q2 2025 were USD 208.2 million, a decrease from USD 325.9 million in the same period the previous year, primarily due to normalized freight rates. Adjusted EBITDA and net profit also saw declines, with figures standing at USD 129.0 million and USD 58.7 million, respectively. Despite these decreases, Torm maintained stable freight rates, indicating resilience in a volatile market. The company also engaged in strategic fleet management, selling several older vessels and securing financing to refinance existing loans, enhancing capital flexibility.
In the first half of 2025, Torm achieved TCE earnings of USD 422.2 million and an adjusted EBITDA of USD 266.7 million. The company covered 66% of its full-year earning days at an average rate of USD/day 27,833, leaving 34% open to market fluctuations. Torm’s fleet size will be 88 vessels following recent sales, with a market value of USD 2,887.6 million.
Looking ahead, Torm’s management remains optimistic, expecting TCE earnings between USD 800-950 million and EBITDA between USD 475-625 million for the full year 2025. This outlook is based on stable operational expenses and strategic fleet management, despite potential market volatility driven by geopolitical and economic factors.