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The latest update is out from Torm ( (TRMD) ).
TORM plc reported its interim results for the first quarter of 2025, showing a significant decline in financial performance compared to the same period last year. The company achieved time charter equivalent earnings of USD 214.0 million, a decrease from USD 330.7 million in the previous year, primarily due to lower freight rates and geopolitical disruptions affecting trade routes. Despite these challenges, TORM maintained a solid operational performance with a net profit of USD 62.9 million. The company also sold three MR vessels, reducing its fleet size to 91 vessels, and reported a market value of USD 3,112.4 million for its fleet. Looking forward, TORM has covered a significant portion of its Q2 2025 earning days at favorable rates, positioning itself to navigate market fluctuations.
The most recent analyst rating on (TRMD) stock is a Buy with a DKK48.00 price target. To see the full list of analyst forecasts on Torm stock, see the TRMD Stock Forecast page.
More about Torm
TORM plc operates in the shipping industry, specializing in the transportation of refined oil products. The company focuses on the product tanker market, providing services for the movement of clean petroleum products across global trade routes.
YTD Price Performance: -19.42%
Average Trading Volume: 330,865
Current Market Cap: DKK10.57B
Find detailed analytics on TRMD stock on TipRanks’ Stock Analysis page.