TORM PLC
TRMD A
ISIN GB00BZ3CNK81 / Valor 32014039
TORM PLC
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About company
TORM PLC, founded in Denmark in 1889, is a prominent global operator and owner of around 80 modern product tankers. The company specializes in transporting refined oil products and chemicals, including gasoline, naphtha, diesel, and jet fuel, catering to a diverse range of customers worldwide. Committed to operational efficiency, safety, and reliability, TORM ensures all its vessels comply with stringent safety and environmental standards. With offices and operations spanning the globe, TORM maintains a cohesive business model that supports consistent and dependable shipping services across international markets.
Summarized from source with an LLMView SourceSector: Business ServicesLatest Results (21.10.2025):
TORM PLC released its financial results for the fourth quarter of 2024, showing a decline in key financial metrics compared to the same period in 2023, reflecting the current volatile market dynamics and strategic fleet adjustments.
Time Charter Equivalent (TCE) Earnings
TORM PLC reported TCE earnings of USD 214.7 million for Q4 2024, a decrease of USD 51.7 million compared to Q4 2023. For the full year, TCE earnings rose by USD 51.0 million to USD 1,135 million.
EBITDA
The company's EBITDA for Q4 2024 was USD 142.2 million, down USD 92.1 million from Q4 2023. On an annual basis, EBITDA slightly increased by USD 2.9 million to USD 850.8 million.
Net Profit
Net profit for Q4 2024 reached USD 77.4 million, a decline of USD 107.2 million compared to the same quarter in 2023. For the entire year, net profit decreased by USD 36.5 million to USD 612 million.
Dividend Distribution
TORM PLC's Board of Directors approved an interim dividend of USD 0.60 per share for Q4 2024, representing 75% of the net profit. The total expected dividend payment is USD 58.4 million.
Fleet Management
In the fourth quarter of 2024, TORM completed the sale of two MR vessels, maintaining a fleet of 94 owned and leased vessels. This strategy ensures fleet optimization and aligns with market demands.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2195 M
Market cap (USD)
222,694
Daily traded volume (Shares)
140.5 / 137
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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