TRMD

TORM plc has delivered strong 9M results, with EBITDA more than doubling and net profit up over 200%, driven by surging TCE rates. Current TRMD stock valuation reflects peak freight rates and geopolitical disruption; normalization could sharply reduce NAV, earnings, and share price. TORM's competitive position is industry-average, with no meaningful edge over peers; supply constraints, not demand, are driving current outperformance.

Torm NASDAQ: TRMD reported higher third-quarter earnings as strong product tanker markets lifted freight rates across its fleet, while the company expanded its newbuilding pipeline and raised the low end of its full-year guidance.

HELLERUP, Denmark, Nov. 4, 2026 /PRNewswire/ -- "Favorable market conditions, healthy transportation demand, and strong execution contributed to a strong third quarter," said Jacob Meldgaard, CEO of TORM, adding, "We remain confident in the long-term outlook for the product tanker market and are investing selectively in additional newbuildings to renew and grow our fleet, while building on our track record of market-leading performance." Financial Results In the third quarter of 2026, TORM (NASDAQ: TRMD) or (NASDAQ: TRMD A) generated time charter equivalent earnings (TCE) of USD 353m (2025, same period: USD 236m).

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HELLERUP, Denmark, Oct. 12, 2026 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) (NASDAQ: TRMD A) today announces that, based on the Company's current coverage and expectations for continued market strength during the remainder of the fourth quarter of 2026, TORM has increased its full-year guidance for 2026. TORM now expects full-year 2026 TCE to be in the range of USD 1,700 – 1,900m and full-year 2026 EBITDA to be in the range of USD 1,300 – 1,500m, compared to previous guidance of TCE of USD 1,400 – 1,600m and EBITDA of USD 1,000 – 1,200m.

HELLERUP, Denmark, Oct. 9, 2026 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) (NASDAQ: TRMD A) announces that, following Oaktree Capital Management and its affiliates no longer holding an ownership interest in TORM, Christopher Boehringer has stepped down from TORM's Board of Directors with immediate effect. Christopher Boehringer joined the Board in 2015 and has played an important role in supporting TORM throughout a period of significant transformation and growth.

HELLERUP, Denmark, Oct. 8, 2026 /PRNewswire/ -- Pursuant to section 30 of the Danish Capital Markets Act, TORM plc (NASDAQ: TRMD) (NASDAQ: TRMD A) hereby announces that: OCM Njord Holdings S.à r.l. ("Njord Luxco") as of 6 October 2026 no longer holds any shares and voting rights in TORM plc.

HELLERUP, Denmark, Oct. 7, 2026 /PRNewswire/ -- TORM plc (the "Company" or "TORM") (Nasdaq: TRMD or TRMD A) today announces the closing of the previously announced secondary public offering of 6,329,874 (six million three hundred twenty-nine thousand eight hundred seventy-four) of the Company's Class A common shares by OCM Njord Holdings S.à r.l. (the "Selling Shareholder"), a company indirectly owned by funds indirectly managed by Oaktree Capital Management GP, LLC and its affiliates.

HELLERUP, Denmark, Oct. 7, 2026 /PRNewswire/ -- TORM plc (NASDAQ: TRMD) (NASDAQ: TRMD A) has increased its share capital by 61,105 Class A shares, corresponding to a nominal increase of USD 611.05, as a result of the exercise of a corresponding number of Restricted Share Units ("RSUs"). Of the new shares issued, 57,772 Class A shares were subscribed for in cash at DKK 179.80 per share, and 3,333 Class A shares were subscribed for in cash at DKK 124.20 per share.