Frontline plc Announces News Via Ritzau

Frontline PLC recently released their unaudited results for the fourth quarter and full year of 2025. The company reported a profit of $227.9 million, translating to $1.02 per share for the fourth quarter of 2025. Adjusted profit amounted to $230.4 million, or $1.03 per share for the same period. The company also declared a cash dividend of $1.03 per share for the fourth quarter, with reported revenues totaling $624.5 million.

Frontline achieved average daily spot time charter equivalent earnings for VLCCs, Suezmax tankers, and LR2/Aframax tankers in the fourth quarter, amounting to $74,200, $53,800 and $33,500 per day, respectively. Moreover, the company entered agreements to sell eight of its oldest ECO VLCCs to an unrelated third party for a total price of $831.5 million while acquiring nine latest generation scrubber-fitted ECO VLCC newbuildings. Additionally, Frontline secured one-year time charter-out agreements for its vessels at competitive rates.

Lars H. Barstad, Chief Executive Officer of Frontline Management AS, emphasized the positive momentum achieved in the fourth quarter of 2025 and anticipates a favorable market environment moving forward. The company’s strategic decisions regarding fleet renewal and fixed revenue acquisition amidst market volatility are geared towards capitalizing on opportunities arising in the tanker industry.

Frontline’s average daily TCEs and estimated cash breakeven rates for VLCC, Suezmax, and LR2/Aframax tankers reveal a steady performance outlook. While the spot TCEs for the first quarter of 2026 are projected to be below current contracted levels due to ballast days impact, the company remains confident in its operational resilience.

The Board of Directors at Frontline PLC includes key members such as Ola Lorentzon, John Fredriksen, James O’Shaughnessy, Cato Stonex, Ørjan Svanevik, Dr. Maria Papakokkinou, and Richard C. Prince. The board’s expertise and leadership are expected to bolster the company’s strategic positioning and operational efficiency.

Frontline Management AS is available for inquiries regarding the company’s financial performance and forward-looking statements. The company adheres to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, reflecting a commitment to transparency and compliance. While Frontline PLC’s forward-looking statements are based on various assumptions, the company acknowledges the inherent uncertainties and uncontrollable factors that could impact future results.

In conclusion, Frontline PLC’s robust performance in the fourth quarter of 2025 underscores its commitment to operational excellence and strategic foresight. The company’s proactive measures to navigate market dynamics and capitalize on emerging trends position it favorably for sustained growth and shareholder returns in the coming quarters.