TORM plc announced a proposal to seek shareholder approval for a share‑buyback program of up to 10 million A‑shares, representing about 9.9 % of its issued capital. The proposal will be voted on at the company’s Annual General Meeting on 15 April 2026 in London.
The buyback could be executed on Nasdaq Copenhagen and New York exchanges or off‑market through Computershare DR Nominees, with a combined maximum of 10 million shares. The program is part of TORM’s distribution policy, which also includes dividends, and reflects confidence in the company’s cash‑flow generation and capital structure.
TORM’s 2025 financial results underpin the proposal. The company posted a net profit of USD 286 million and is projecting 2026 total container earnings (TCE) between USD 850 million and USD 1,250 million, a range that supports the liquidity needed for the buyback. The program follows a previous share‑buyback completed in March 2020, indicating a history of returning capital to shareholders.
CEO Jacob Meldgaard said the company ended 2025 on a strong note and that the favorable market environment positions TORM to continue delivering value for shareholders. The buyback is expected to reduce the share count, potentially lift earnings per share, and signal management’s confidence in the company’s long‑term prospects.
Analysts have responded positively to TORM’s recent performance. Evercore ISI raised its price target to USD 34 from USD 28, citing fleet growth and robust fundamentals in the product tanker market. While the buyback proposal itself has not yet triggered a market reaction, the company’s strong earnings and outlook provide a backdrop for the capital‑return plan.
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