TORM plc reported record interim results for the six months ended June 30, 2026, driven by geopolitical disruptions in the Middle East that elevated freight rates. The company generated time charter equivalent earnings of USD 798 million and net profit of USD 461 million, with Q2 alone yielding USD 512 million in TCE and USD 338 million in net profit. Consequently, TORM raised its full-year 2026 guidance, now estimating TCE earnings between USD 1,400 million and USD 1,600 million and EBITDA between USD 1,000 million and USD 1,200 million. The Board approved an interim dividend of USD 2.40 per share, payable on September 24, 2026, to shareholders of record as of September 10, 2026. TORM operates in the product tanker shipping industry, transporting refined petroleum products globally.
