Torm Plc Stock Price, News & Analysis

TORM plc (A) reported director share transactions by CEO Jacob Balslev Meldgaard related to exercise of restricted share units in November 2025.

The exercises occurred 12 November 2025 and 14 November 2025, totaling 585,473 shares (ISIN GB00BZ3CNK81) with an aggregated value of DKK 11,961,321.62. The transactions were executed outside a trading venue. Contact for the filing is Head of Investor Relations Mikael Bo Larsen.

TORM plc (NASDAQ: TRMD / TRMD A) completed a capital increase of 2,395,426 A-shares (nominal USD 23,954.26) on Nov 12, 2025 related to delivery of one LR2 vessel and exercise of Restricted Share Units (RSUs).

Key items: 748,569 shares were issued to settle a USD 17.0m allocated loan note for the 2010-built LR2 (USD 22.71 per A-share). 1,646,857 A-shares were issued on RSU exercises (1,558,790 at DKK 0.07 and 88,067 at DKK 140.2). New shares are subject to a 40-day lock-up with Regulation S resale exceptions.

Post-increase share capital: USD 1,003,478.57 divided into 100,347,855 A-shares, one B-share and one C-share.

TORM (NASDAQ: TRMD) reported Q3 2025 results with TCE USD 236.4m, Adjusted EBITDA USD 159.4m and net profit USD 77.6m. The Board approved an interim dividend of USD 0.62 per share (total ~USD 60.7m), payable 03 December 2025 (record dates 20 Nov for NYSE, 19 Nov ex-div for Copenhagen).

TORM secured financing commitments up to USD 857m to refinance loans and leases covering 22 vessels, repurchased 13 so far, and agreed acquisitions that will bring the fleet to 92 vessels. Full-year guidance was narrowed with TCE expected at USD 875–925m and EBITDA at USD 540–590m. As of 31 Oct, 89% of 2025 earning days were fixed at an average USD/day 28,281.

TORM plc (NASDAQ: TRMD) has announced a significant Long Term Incentive Program, granting restricted share units (RSUs) to select employees and Executive Director Jacob Meldgaard. The program includes 1,293,434 RSUs for employees and an additional 500,000 RSUs for Meldgaard, with a strike price of one US cent and vesting date of October 1, 2028.

The theoretical market value of the RSU allocation is USD 40.0 million, calculated using the Black-Scholes model with a 42.5% share volatility and a risk-free rate of 1.91%. Additionally, TORM has moved forward the vesting date of its March 2023 Additional Retention Program from March 1, 2026, to November 7, 2025.

[ "Total RSU program valued at USD 40.0 million demonstrates significant investment in employee retention", "Strike price of one US cent is highly favorable for participants", "Long-term vesting period until October 2028 promotes employee retention and alignment with company goals" ]

Hafnia Limited (NYSE:HAFN) has entered into a binding share purchase agreement with Oaktree Capital Management to acquire approximately 14.1 million A shares in TORM plc, representing 14.45% of TORM's issued share capital. The shares are priced at $22 per share, totaling $311.4 million.

The completion of the acquisition is subject to customary conditions, including regulatory approvals and the appointment of a new independent board chair of TORM. Following market speculation, Hafnia acknowledges the potential for a business combination on a net asset value basis (NAV-for-NAV) with TORM, though no formal discussions have taken place yet.

TORM plc (NASDAQ: TRMD) announced that Hafnia Limited will acquire approximately 14.1 million A shares (14.45% of TORM's issued share capital) from Oaktree Capital Management. The transaction is valued at USD 22 per share, totaling USD 311.4 million.

The share purchase completion is subject to several conditions, including regulatory approvals, satisfaction of certain covenants, and the appointment of a new independent board chairman. TORM clarified that it was not involved in the transaction and has no additional information at this time.

Hafnia Limited (NYSE:HAFN) has entered into a preliminary agreement to acquire approximately 14.1 million A shares in TORM plc, representing a 14.45% stake for $311.4 million from Oaktree Capital Management. The acquisition price is set at $22 per share.

The completion of the share purchase is subject to several conditions, including regulatory approvals, satisfaction of certain covenants, and the appointment of a new independent board chair of TORM. While Hafnia views industry consolidation positively, no decisions have been made regarding future transactions, and the company has explicitly stated this will not be structured as an offer under the UK Takeover Code.

Hafnia, as one of the world's leading tanker owners with a fleet of around 200 vessels, sees TORM as a well-managed company with a high-quality fleet, making this a strategic investment in the tanker industry.

TORM plc (NASDAQ: TRMD) reported Q2 2025 financial results with TCE earnings of USD 208.2 million and a net profit of USD 58.7 million, showing a year-over-year decline from Q2 2024's exceptional performance. The company achieved average TCE rates of USD 26,672 per day across its fleet.

TORM declared a quarterly dividend of USD 0.40 per share, representing a 67% payout ratio. The company has also secured financing commitments of up to USD 857 million to refinance existing loans and lease agreements.

Following strong performance and positive outlook, TORM has raised its full-year 2025 guidance, projecting TCE earnings of USD 800-950 million and EBITDA of USD 475-625 million.

TORM plc has announced a capital increase through the issuance of 11,236 A-shares, with a nominal value of USD 112.36, as part of its incentive program involving Restricted Share Units. The new shares were subscribed for in cash at DKK 0.08 per A-share and will carry the same rights as existing ordinary shares, including dividend rights from the issuance date. Following this capital increase, TORM's total share capital stands at USD 979,524.31, consisting of 97,952,429 A-shares, one B-share, and one C-share, all with a nominal value of USD 0.01 each. The A-shares carry a total of 97,952,429 votes, while the B and C shares have specific voting rights.