TORM raises full-year guidance on strong Q2 performance

TORM achieved TCE of $208.2m and adjusted EBITDA of $129.0m in Q2 2025, despite a year-over-year decline. The company sold three vessels, reducing its fleet to 88 vessels, and secured $857m in financing.

Full-year 2025 guidance was increased, with TCE earnings now expected between $800m and $950m, and EBITDA between $475m and $625m.