🚢 TORM Q2 2025 - Solid despite weaker freight rates
- Revenue (TCE): $208.2 M (-36% YoY)
- EBITDA (adj.): $129 M (-49 %)
- Net result: $58.7 M (-70 %)
- TCE rate: $26,672/day (previous year: $42,057)
- EPS: $0.60
- Dividend: $0.40/share → 67 % payout
- Guidance raised: TCE $800-950 M, EBITDA $475-625 M
- 56 % of Q3 fixed at $30,617/day
💡 Market normalizes after record year 2024 - dividend remains strong
