TORM plc operates as a global product tanker company, focusing on the marine transportation of refined petroleum products, such as gasoline, jet ...
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$4.42 per share
$4.42 per share
Est. EPS $7.20 · Revenue $1.46B · 1 analysts
Est. EPS $0.75 · Revenue $167.00M · 1 analysts
EPS $3.18 · Revenue $649.25M
EPS $1.17 · Revenue $395.84M
EPS $2.96 · Revenue $1.39B
EPS $0.77 · Revenue $343.11M
EPS $0.58 · Revenue $315.20M
EPS $0.62 · Revenue $329.10M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $1.4B | -10.9% | +64.0% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $296.0M | -51.7% | +175.0% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +34.1% | -43.9% | +43.8% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +25.6% | -39.4% | +57.2% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +21.3% | -45.8% | +67.6% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $197.6M | -15.3% | +615.4% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +14.2% | -5.0% | +414.2% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 46.0% | -22.2% | -11.3% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.33x | -38.5% | +62.2% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $3.4B | -3.2% | +7.8% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 2.96 vs 2.69 | +10.2% | 3.18 vs 0.75 | +324.0% |
| Revenue Surprise | $1.4B vs $902.6M | +54.0% | $649.2M vs $167.0M | +288.8% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jan 1, 2029 | Jensen Jesper Sondergaard | officer: Head of Technical Division | Restricted Stock Units | — | 42,533 | — |
| Jan 1, 2029 | Balle Kim | officer: Chief Financial Officer | Restricted Stock Units | — | 42,533 | — |
| Jan 1, 2029 | Christensen Lars | officer: Head of Projects | Restricted Stock Units | — | 42,533 | — |
| Oct 1, 2028 | Jensen Jesper Sondergaard | officer: Head of Technical Division | Restricted Stock Units | — | 127,500 | $0.01 |
| Oct 1, 2028 | Balle Kim | officer: Chief Financial Officer | Restricted Stock Units | — | 127,500 | $0.01 |
Operator: Good morning, and thank you for standing by. My name is Jenny, and I will be your conference operator today. At this time, I would like to welcome everyone to the TORM Second Quarter 2026 Results Conference Call. [Operator Instructions] I would now like to turn the conference over to Jacob Meldgaard, CEO. You may begin. Jacob Meldgaard: Well, thank you, and welcome to everyone joining us today. We are pleased to report a record second quarter, reflecting both exceptionally strong market condition and the strength of the platform we have built over many years. Before turning to the quarter itself, I would like to briefly revisit what continues to differentiate TORM and creates value for our shareholders across market cycles. At the core is what we call the One TORM advantage. This is our integrated operating model where commercial, technical and operational decisions are aligned across the organization. It allows us to react quickly to changing market conditions, optimize fleet deployment and consistently capture opportunities as they emerge. Our culture is equally important. Through a unified organization and centralized decision-making process, we are able to execute faster and more effectively than many of our peers. This alignment creates accountability, improves utilization and supports disciplined cost management throughout the business. The results are measurable. Over the period from 2023 through 2025, our MR fleet generated more than USD 200 million of additional TCE earnings compared to the peer average. This demonstrates the strength of our commercial platform and our ability to consistently create value across different market environments. At the same time, we remain committed to active fleet renewal and disciplined capital allocation. Recent investments in resale and newbuilding vessels demonstrate our confidence in the long-term fundamentals of the product tanker market, while helping ensure that TORM maintains a modern and efficient fleet. Our approach to fleet growth has always been driven by value creation and customer needs. Over recent years, we have primarily expanded through vessels already on the water. But the relative economics have evolved. With secondhand vessel prices continuing to increase, we now see attractive opportunities in newbuildings. As a result, we have established a phased pipeline of resale and newbuilding deliveries from 2027 through 2029 and potentially into 2030. This ensures that we continue to renew our fleet, maintain a modern offering for our customers and secure future earnings capacity in a disciplined manner. Importantly, these initiatives have not come at the expense of shareholder returns. Our approach remains to balance growth and investment with attractive cash distributions, ensuring that shareholders benefit from both today's earnings and tomorrow's value creation. Please turn to Slide 4. The second quarter was the strongest in TORM's history, driven by exceptionally strong …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Jacob Balslev Meldgaard | Chief Executive Officer & Executive Director | USD 2,748,000 | Male | 1968 | Active |
Andreas G. Jørgensen | Head of Global Operation | — | Male | — | Active |
Morten Agdrup | Vice President and Head of Corporate Finance & Strategy | — | Male | — | Active |
Liv Kjær | Board Observer and Head of Agency & Process Excellence | — | Female | 1986 | Active |
Joakim Nørholm Vasehus | Head of Communications | — | — | — | Active |
Jesper Sondergaard Jensen | Senior Vice President & Head of Technical Division | — | Male | 1969 | Active |
Kim Balle | Chief Financial Officer | — | Male | 1968 | Active |
Lars Vang Christensen | Senior Vice President & Head of Projects | — | Male | 1966 | Active |
Mikael Bo Larsen | Head of Investor Relations | — | Male | — | Active |
Rasmus Johannes Skaun Hoffmann | Chief Engineer & Employee Representative Board Observer | — | Male | 1977 | Active |
Howard Marks hunts dislocation. His latest Oaktree 13F reveals five common-stock equity positions that look nothing like a bull-market portfolio: a leveraged turbo maker, the largest US gas producer bleeding YTD, a gold miner that just gave back a fifth of its price in three months, a tanker riding a geopolitical spike, and a specialty pharma with negative book value.
On July 09, 2026, TORM PLC (TRMD) shares fell 3.4% today, closing at $28.05. The stock has seen significant volatility over the past year, trading between a low
TORM plc offers a compelling buy opportunity as the stock trades at a rare discount to NAV amid strong cash generation and asset values. TRMD's disciplined capital allocation and consistent outperformance, despite an older fleet, support its premium valuation and attractive dividend policy. Oaktree's stake reduction and uncertainty around the Strait of Hormuz have pressured the stock, but normalization of transits could sustain elevated rates and dividends.
HELLERUP, Denmark, June 2, 2026 /PRNewswire/ -- TORM plc (NASDAQ: TRMD or TRMD A) has increased its share capital by 28,144 A-shares (corresponding to a nominal value of USD 281.44) as a result of the exercise of a corresponding number of Restricted Share Units ("RSUs"). A total of 7,089 new shares are subscribed for in cash at DKK 127.30 per A-share, 13,966 shares are subscribed for in cash at DKK 139.90, and 7,089 new shares are subscribed for in cash at DKK 195.50.
TORM plc is rated a strong buy, driven by robust income potential, undervaluation, and merger optionality with Hafnia. TRMD secures significant revenue visibility, with 42% of 2026 earning days fixed at $50,044/day and strong EBITDA guidance up to $1.1 billion. Dividend yield approaches 9%, with the potential to reach 12.7% if high-end guidance and distribution rates are met.
