Strong Financial Performance
In Q3 2025, TORM achieved a TCE of USD 236 million and a net profit of USD 78 million. The company declared a dividend of USD 0.62 per share, reflecting a payout ratio of 78%.
Fleet Optimization Strategy
TORM advanced its fleet optimization strategy by acquiring 5 vessels and divesting a 2007-built MR. A 3-year time charter for TORM Lilly was agreed above the prevailing market rate.
Market Positioning
Product tanker rates remained stable and attractive, supported by consistent demand and limited growth in the CPP trading fleet. The company increased its guidance midpoint and narrowed the range, indicating high transparency and secured coverage.
Financial Stability
TORM's net interest-bearing debt stands at USD 690 million, with only USD 122 million maturing over the next 12 months. The company has ample financial runway with no significant maturities until 2029.
Dividend Increase
The payout ratio increased from 70% to 78%, reflecting strong earnings and a commitment to shareholder returns.