TORM (TRMD) investor relations material

Opening remarks and agenda

• Meeting opened with a quorum present; video conference set up for informal attendance.

• Only one director attended in person, with others joining remotely.

• Notice of the AGM and explanatory notes were issued on March 5, 2026.

Financial performance review

• Net profit for 2025 was $286 million on TCE earnings of $910 million.

• EBITDA reached $571 million, operating profit $356 million, and free cash flow $346 million.

• Average TC rates were $28,783 per day; operating costs averaged $7,638 per day.

• $212 million returned to shareholders as dividends ($2.12 per share).

• Net loan to value ratio ended at 29.4% after refinancing two syndicated loans and lease agreements.

Board and executive committee updates

• Board comprised of Chairman, CEO, Company Secretary, and General Manager.

• All directors retired and were re-elected at the AGM.

• Ernst & Young LLP reappointed as auditor; directors authorized to fix their remuneration.