Frontline Q2 FY26 profit hits USD 659.2 million; revenue rises to USD 943.3 million
Reuters2026/08/28 05:28- Frontline posted Q2 profit of USD 659.2 million, or USD 2.96 per share; declared a cash dividend of USD 2.61 per share.
- Revenue climbed to USD 943.3 million; adjusted profit reached USD 580.2 million, or USD 2.61 per share.
- Spot TCE averaged USD 152,700/day for VLCCs, USD 111,500/day for Suezmax, USD 92,400/day for LR2/Aframax.
- Weighted average interest-rate margin narrowed by about 52 bps, from 178 bps at end-Q1 2026 to 126 bps in Q3 2026.
- Agreed to sell two 2017-built VLCCs for USD 270 million; plans a one-time special dividend of USD 0.80 per share from proceeds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
iHealthcare Group appoints Thobile Mabuza as independent non-executive director
Coliwoo Holdings Likely Aims to Monetize More Assets -- Market Talk
After purchasing two million Nvidia GPUs, Amazon (AMZN.US) continues to expand its AI computing power by reaching a power purchase agreement with four wind farms in Sweden.
Amazon (AMZN.US) has signed a long-term agreement to purchase electricity from four wind farms in Sweden to help meet the power demand resulting from its data center expansion in the Nordic country.
The global AI competition is reshaping supply chains, Malaysia raises its annual electronics and electrical exports forecast to 900 billion ringgit.
The head of Malaysia's chip industry recently raised the country's forecast for this year's exports of electronic and electrical (E&E) products, expecting it to exceed 900 billion ringgit (approximately $223 billion).
Crypto prices
More
