TORM plc (TRMD)

HELLERUP, Denmark , Sept. 23, 2025 /PRNewswire/ -- In accordance with TORM plc's ("TORM", Nasdaq ticker TRMD or TRMD A) Remuneration Policy adopted by the Annual General Meeting of TORM on 14 April 2021 and the authorization granted at the Annual General Meeting of TORM on 11 April 2024, the Board of Directors have extraordinarily decided to grant certain employees ("Participants to the Additional Retention Program") and Executive Director Jacob Meldgaard (together with the Participants to the Additional Retention Program the "Participants") restricted share units ("RSUs") in the form of restricted stock options.

HELLERUP, Denmark , Sept. 3, 2025 /PRNewswire/ -- TORM plc ("TORM") (NASDAQ: TRMD) (NASDAQ: TRMD A) has today been informed of the announcement (the Announcement) by Hafnia Limited ("Hafnia"), confirming that Oaktree Capital Management, L.P.

TORM plc (NASDAQ:TRMD ) Q2 2025 Earnings Conference Call August 14, 2025 9:00 AM ET Company Participants Jacob Balslev Meldgaard - CEO & Executive Director Kim Balle - Chief Financial Officer Conference Call Participants Climent Molins - Unidentified Company Frode Mørkedal - Unidentified Company Jonathan B. Chappell - Evercore ISI Institutional Equities, Research Division Omar Mostafa Nokta - Jefferies LLC, Research Division Operator Hello, and thank you for standing by.

Sailing higher throughout the week, shares of tanker stock Torm (TRMD 7.92%) are extending their upward trend today. The company reported second-quarter 2025 financial results today as well as updated 2025 guidance, and investors are eager to click the buy button as a result.

TORM PLC (TRMD) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $2.02 per share a year ago.

HELLERUP, Denmark, Aug. 14, 2025 /PRNewswire/ -- INSIDE INFORMATION "TORM delivered a strong second-quarter result with continued market-leading performance, against a backdrop of global uncertainty," says Jacob Meldgaard, adding: "We see strong momentum heading into the second half of the year, and as a result, we are raising our full-year guidance." Financial Results In the second quarter of 2025 TORM (NASDAQ: TRMD) or (NASDAQ: TRMD A) generated time charter equivalent earnings (TCE) of USD 208.2m including unrealized losses on derivatives of USD  -2.2m (2024, same period: USD 325.9m including unrealized losses on derivatives of USD 0.0m).

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The company has a fleet of 93 vessels divided into three segments. The fleet is comprised of 20 LR2 vessels, 12 LR1 vessels, and 61 MR vessels. In the short term, tariffs fell as a result of the Red Sea crisis. However, supply and demand pressures suggest this trend will reverse. The construction of new vessels will largely have to offset the scrapping of a portion of the international fleet, which is already quite advanced in age.

Downgrade TORM to 'Buy' from 'Strong Buy' due to softer-than-expected tanker rates. TORM remains financially strong, with a robust dividend policy and premium valuation justified by superior performance versus peers. Upside potential exists if tanker rates rebound, especially amid geopolitical tensions.

HELLERUP, Denmark , June 4, 2025 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) or (NASDAQ: TRMD A) has increased its share capital by 11,236 A-shares (corresponding to a nominal value of USD 112.36) as a result of the exercise of a corresponding number of Restricted Share Units. All new shares are subscribed for in cash at DKK 0.08 per A-share.

Shares of major international oil and oil-related stocks such as TotalEnergies (TTE 2.68%), APA (APA 1.82%), and oil tanker company Torm plc (TRMD 4.00%) rallied on Monday, with the stocks up 2.6%, 4.4%, and 3.4%, respectively, as of 12:45 p.m. ET.

HELLERUP, Denmark , May 22, 2025 /PRNewswire/ -- TORM plc (Nasdaq: TRMD) (Nasdaq: TRMD A) (the Company) is pleased to announce that pursuant to an order issued by the High Court of Justice in England and Wales (the Court) dated 13 May 2025 confirming the reduction of the share premium account of TORM plc in the sum of USD180m (the Capital Reduction) (the Order), the Order and a statement of capital approved by the Court were duly registered by the Registrar of Companies on 15 May 2025. As part of the Order, the Court also approved the cancellation of 493,371 A-shares previously held as Treasury Shares (the Cancellation).