CSE$TRMD
Torm PLC · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
TORM posts Q2 net profit of $58.7M as TCE rates normalize from 2024 peaks; raises full-year guidance
TORM plc reported interim results for the second quarter ended June 30, 2025, generating time charter equivalent earnings of $208.2 million and revenue of $315.2 million, down from exceptionally strong 2024 levels as product tanker freight rates normalized. Adjusted EBITDA was $129.0 million and net profit was $58.7 million, with basic EPS of $0.60. Average TCE rates were $26,672 per day on 7,888 earning days. The company sold three vessels during the quarter and secured up to $857 million in refinancing commitments. CEO Jacob Meldgaard raised full-year guidance on strong momentum heading into the second half, with 66% of 2025 earning days fixed at $27,833 per day.
- Q2 TCE earnings of $208.2 million and revenue of $315.2 million; adjusted EBITDA $129.0 million and net profit $58.7 million (EPS $0.60)
- Average TCE rate of $26,672/day on 7,888 earning days; LR2 $35,459, LR1 $27,371, MR $23,345 per day
- Sold TORM Mathilde (LR2) and MR vessels TORM Voyager and TORM Discoverer; fleet reducing to 88 vessels
- Secured up to $857M refinancing on attractive terms for syndicated loans and 22 vessel leases
- Raised full-year guidance; 66% of 2025 earning days covered at $27,833/day average
Headline financials
Revenue & EPS history
Torm PLC · Revenue · Quarterly
$315M
Forward guidance
Management raised full-year 2025 guidance citing strong momentum; 66% of earning days fixed at $27,833/day with Q3 2025 56% covered at $30,617/day
Tailwinds
- Raised full-year guidance on strong second-half momentum
- Q3 2025 56% of earning days covered at average $30,617/day
- Refinancing strengthens capital flexibility on attractive terms
Headwinds
- Freight rates remain below exceptionally strong H1 2024 levels
- 34% of 2025 earning days (10,892 days) remain open to market volatility
- Geopolitical developments and expanded vessel sanctioning add market complexity
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2025
+1.6%
Avg return
Earnings day
+2.5%
Avg return
5 days after
+1.2%
Avg return
30 days after
47%
9 / 19 earnings
Positive
+24.1%
Q1 2022
Best reaction
-9.5%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +5.8% | +4.0% | +8.6% | |
| Q2 2025 | +9.1% | +5.5% | +18.3% | |
| Q2 2024 | -0.2% | +1.4% | -8.9% | |
| Q1 2024 | +2.3% | +6.8% | +2.1% | |
| Q4 2023 | -0.7% | +0.5% | +4.8% | |
| Q3 2023 | +5.4% | +6.6% | -8.9% | |
| Q2 2023 | -2.5% | +1.4% | -5.7% | |
| Q1 2023 | -1.0% | -10.2% | -17.0% | |
| Q4 2022 | +5.7% | +10.8% | +4.4% | |
| Q3 2022 | -9.5% | -2.3% | -1.2% | |
| Q1 2022 | +24.1% | +32.0% | +37.6% | |
| Q4 2021 | +7.2% | +12.7% | +19.0% | |
| Q3 2021 | -2.7% | -8.5% | -8.9% | |
| Q2 2021 | -5.4% | -5.8% | -3.7% | |
| Q1 2021 | -4.4% | -4.7% | -8.0% | |
| Q4 2020 | +4.9% | -1.7% | +9.7% | |
| Q3 2020 | -4.7% | -2.2% | -5.5% | |
| Q2 2020 | +2.9% | +5.0% | -8.7% | |
| Q1 2020 | -5.4% | -4.5% | -5.9% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro