)
Edge14 Nov 2025
Ball: The King of Cans
From a 19th-century glass-jar legacy to a global plant network, Ball is now a pure-play aluminum can partner to the world's biggest beverage brands.
TORM (TRMD) investor relations material
TORM Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary7 Nov, 2025
Executive summary
Achieved strong earnings in Q3 2025, with freight rates at historically attractive levels and a resilient market environment.
Achieved strongest quarterly result in 2025, with robust operational performance and continued value creation for shareholders.
Geopolitical volatility and vessel sanctions added complexity but supported tanker market fundamentals.
Acquired one LR2 and four MR vessels, sold up to three MR vessels, with fleet size between 88 and 92 vessels post-transaction.
Outlook remains positive with firm rates and robust coverage into year-end.
Financial highlights
TCE revenue reached USD 236.4m in Q3 2025, up from USD 208m in Q2 2025 but down from USD 263.4m YoY.
EBITDA increased to USD 152m from USD 127m sequentially; adjusted EBITDA was USD 159.4m, down from USD 190.9m YoY.
Net profit rose to USD 78m, compared to USD 59m in Q2 2025, but down from USD 130.7m YoY.
Basic EPS was USD 0.79, up from USD 0.60 sequentially, but down from USD 1.38 YoY; dividend per share increased to USD 0.62.
Dividend payout ratio climbed to 78% from 67% in the previous quarter.
Outlook and guidance
2025 TCE earnings expected at USD 875–925m (previous: USD 800–950m).
2025 EBITDA guidance at USD 540–590m (previous: USD 475–625m).
89% of 2025 earning days fixed at USD 28,281/day; 55% of Q4 2025 coverage at USD 30,156/day.
OPEX per vessel-day expected to remain stable; administrative costs in line with 2024.
What is the strategic aim of fleet renewal program?
How do geopolitical events shape product tanker market?
Refinancing's effect on cash break-even and dividends
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next TORM earnings date
Q4 20256 Mar, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
TORM plc, is a product tanker company based in the United Kingdom. The firm is engaged in the transportation of refined oil products and crude oil. TORM plc operates through Tankers and Trading, Offshore Services, and Other segments. The Tankers and Trading segment offers storage services for the transport of crude oil, petroleum products, and industrial chemicals; shipping services on behalf of other companies; ship chartering services; equipment leasing services; providing financial and insurance services; and marine brokerage business. The Offshore Services segment provides offshore services to various customers. This segment includes supply vessel operation under transportation contracts; provision of marine equipment group/crewing/management, deckhands, and catering as well as exploration drilling support vessels. TORM is based in London, the United Kingdom.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage