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Torm ( (TRMD) ) just unveiled an update.
TORM plc reported its interim results for the second quarter and half-year ended June 30, 2025, highlighting a strong performance despite global uncertainties. The company achieved time charter equivalent earnings of USD 208.2 million in Q2 2025, although this was a decline from the previous year due to normalized freight rates. TORM’s net profit for the period was USD 58.7 million, reflecting a resilient market environment. The company also announced the sale of three vessels, reducing its fleet to 88 vessels, and secured financing commitments to refinance existing loans, enhancing capital flexibility. These developments indicate TORM’s strategic positioning to navigate market fluctuations and maintain its competitive edge.
The most recent analyst rating on (TRMD) stock is a Buy with a DKK137.00 price target. To see the full list of analyst forecasts on Torm stock, see the TRMD Stock Forecast page.
More about Torm
TORM plc is a company operating in the shipping industry, primarily focused on the transportation of refined oil products. The company is known for its fleet of tankers, which are used to transport oil and oil products across the globe, positioning itself as a key player in the product tanker market.
Average Trading Volume: 265,034
Current Market Cap: DKK11.92B
For a thorough assessment of TRMD stock, go to TipRanks’ Stock Analysis page.