Core Insights - Frontline Ltd. is a significant player in the shipping industry, focusing on crude oil and oil product transportation, operating a fleet of tankers essential for the global energy supply chain [1] Financial Performance - Frontline reported earnings per share (EPS) of $1.02, which was below the expected $1.32, indicating profitability challenges [2][6] - The company's revenue for the period was approximately $424.5 million, falling short of the anticipated $574.8 million, highlighting difficulties in achieving expected sales figures [3][6] - Despite the revenue miss, Frontline's price-to-earnings (P/E) ratio of 38.78 suggests that investors are still willing to pay a premium for its earnings, reflecting confidence in its future potential [2][6] Market Valuation - The price-to-sales ratio of 4.78 indicates that the market values Frontline's revenue relatively high, despite recent underperformance [3] - The enterprise value to sales ratio of 6.51 suggests that the market places significant value on Frontline's overall worth compared to its sales [4] - The enterprise value to operating cash flow ratio of 20.28 provides insight into how the market values the company's cash flow from operations, which is crucial for assessing its financial health [4] Financial Stability - Frontline's debt-to-equity ratio of 1.39 indicates a balanced approach to financing, utilizing both debt and equity [5] - The current ratio of 1.37 suggests that the company maintains a reasonable level of liquidity, ensuring it can cover short-term liabilities with its short-term assets [5]

Frontline plc (“Frontline” or the “Company”) announces that Mr. Ørjan Svanevik has resigned as Director of the Company. The Board would like to thank Mr. Svanevik for his considerable contribution to the Company during his directorship. At the same time, the Company announces the appointment of Mr. Mikkel Storm Weum as a Director. Mr. Weum is employed as an Investment Director in Seatankers Management Norway AS, responsible for Sale and Purchase, Newbuildings and Projects. Mr. Weum is also serving as a di ...

Financial Data and Key Metrics Changes - In the fourth quarter of 2025, the company reported a profit of $228 million or $1.02 per share, with an adjusted profit of $230 million or $1.03 per share, marking an increase of $188 million compared to the previous quarter due to higher TCE earnings [5][6] - TCE earnings rose from $248 million in the previous quarter to $424.5 million in Q4 2025, driven by increased TCE rates [5][6] - The company has a strong liquidity position with $705 million in cash and cash equivalents, and no meaningful debt maturities until 2030 [6] Business Line Data and Key Metrics Changes - The TCE rates achieved in Q4 2025 were $74,200 per day for the VLCC fleet, $53,800 per day for the Supramax fleet, and $33,500 per day for the LR2/Aframax fleet [3] - For Q1 2026, 92% of VLCC days are booked at $107,100 per day, 83% of Supramax days at $76,700 per day, and 67% of LR2/Aframax days at $62,400 per day [3] Market Data and Key Metrics Changes - The oil demand is growing, particularly focusing on non-sanctioned molecules, which is creating substantial year-on-year changes in trade [11] - The politically laden market environment, including U.S.-India trade and tensions involving Iran and Russia, is creating strong tailwinds for compliant oil transportation [11][12] - The global crude oil in transit remains elevated, with sanctioned crudes moving slower, particularly for Russian barrels [12] Company Strategy and Development Direction - The company is focused on maintaining a strong business model that can produce material shareholder returns, capitalizing on the current market dynamics [21] - The company plans to finance the acquisition of new vessels with cash and long-term debt, indicating a strategy to enhance fleet capacity [7][19] Management's Comments on Operating Environment and Future Outlook - Management noted that the current market is fundamentally tight, yielding extreme volatility, and that oil demand and supply are developing positively, especially for compliant molecules [20][21] - The company expects a good runway for the next 2-3 years before supply could become a concern, despite an increasing order book [19][20] Other Important Information - The company sold 8 of its oldest Eco VLCCs for $831.5 million, expecting net cash proceeds of approximately $477 million [6][7] - The average cash break-even rates for the next 12 months are estimated at approximately $25,000 per day for VLCCs, $23,700 for Supramax tankers, and $23,800 for LR2 tankers [8][9] Q&A Session Summary Question: What factors could lead to a plateau in rates? - Management indicated that seasonality and potential changes in Chinese inventory levels could create volatility, but it is difficult to predict when these changes might occur [24][29] Question: Why hasn't anyone tried to corner the VLCC market in the past? - Management explained that the market is fundamentally tight, and small changes in supply can lead to significant price movements, making it a risky endeavor [31][32] Question: Is the TC market more active due to rising rates? - Management noted that the market has evolved, with more actors using indices to price freight, leading to a vibrant FFA market [37][40] Question: What is the turnaround time for new tanker yard capacity? - Management stated that new yard capacity projects are expected to come online by 2029 [41][42] Question: What will be the strategy on spot versus time charter? - Management indicated a preference for spot returns but is open to securing longer-term income through time charters when market conditions are favorable [46][48] Question: What happens if Russian crude oil sanctions are lifted? - Management believes that while some capacity may return to the compliant fleet, many ships will not qualify due to age and scrutiny in the compliant market [50][52]

Frontline (NYSE:FRO) Q4 2025 Earnings call February 27, 2026 09:00 AM ET Company ParticipantsInger Klemp - CFOJon Chappell - Senior Managing DirectorLars Barstad - CEOSherif Elmaghrabi - VP of Equity ResearchConference Call ParticipantsDevin Sangoi - Research AnalystOperatorGood day, and thank you for standing by. Welcome to the Fourth Quarter 2025 Frontline plc Earnings Conference Call and webcast. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be the q ...

Frontline (NYSE:FRO) Q4 2025 Earnings call February 27, 2026 09:00 AM ET Speaker4Good day, and thank you for standing by. Welcome to the fourth quarter, 2025 Frontline plc Earnings conference call and webcast. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be the question and answer session. To ask a question during the session, you need to press star one on your telephone keypad. You will then hear an automatic message advising your hand is raised. To w ...

Fourth Quarter Presentation Feb 2026 Forward Looking Statements MATTERS DISCUSSED IN THIS DOCUMENT MAY CONSTITUTE FORWARD-LOOKING STATEMENTS. THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 PROVIDES SAFE HARBOR PROTECTIONS FOR FORWARD-LOOKING STATEMENTS IN ORDER TO ENCOURAGE COMPANIES TO PROVIDE PROSPECTIVE INFORMATION ABOUT THEIR BUSINESS. FORWARD-LOOKING STATEMENTS INCLUDE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, FUTURE EVENTS OR PERFORMANCE, AND UNDERLYING ASSUMPTIONS AND OTHER ST ...

Core Viewpoint - Frontline plc is scheduled to present its fourth quarter 2025 results during a webcast/conference call on February 27, 2026, at 15:00 CET [1]. Group 1 - The presentation will include the financial results for the fourth quarter of 2025 [2]. - The information is disclosed in accordance with the Norwegian Securities Trading Act [1].

Core Insights - Frontline plc reported strong financial results for the fourth quarter of 2025, with a profit of $227.9 million or $1.02 per share, and an adjusted profit of $230.4 million or $1.03 per share [4] - The company declared a cash dividend of $1.03 per share for the fourth quarter of 2025 [4] - The CEO highlighted a positive market environment driven by the imbalance between oil demand growth and limited fleet supply, which is expected to continue into 2026 [2] Financial Performance - Frontline's revenues for the fourth quarter of 2025 reached $624.5 million [4] - Average daily spot time charter equivalent (TCE) earnings for VLCCs, Suezmax tankers, and LR2/Aframax tankers were reported at $74,200, $53,800, and $33,500 per day, respectively [4] - Estimated average daily cash breakeven rates for VLCCs, Suezmax, and LR2/Aframax are $25,000, $23,700, and $23,800, respectively [3] Fleet Management - The company entered agreements to sell eight of its oldest first-generation ECO VLCCs for a total sales price of $831.5 million [4] - Frontline plans to acquire nine latest generation scrubber-fitted ECO VLCC newbuildings for an aggregate purchase price of $1,224.0 million [4] - The company has secured one-year time charter-out agreements for seven VLCCs at an average rate of $76,900 per day and one VLCC at a rate of $93,500 per day [4]

Core Insights - Armor Advisors L.L.C. increased its stake in Frontline PLC by 10.5% during Q3, owning 210,332 shares valued at approximately $4.79 million, making it the 10th largest position in their portfolio [2] - Other institutional investors also increased their holdings in Frontline, with notable increases from Vanguard Personalized Indexing Management LLC (2.9%), Steward Partners Investment Advisory LLC (17.5%), and Farther Finance Advisors LLC (20.8%) [3] - Frontline's stock opened at $34.73, with a market capitalization of $7.73 billion, a PE ratio of 35.43, and a beta of 0.07, indicating relatively low volatility [4] Financial Performance - Frontline reported an EPS of $0.19 for the latest quarter, missing analysts' expectations of $0.23, with revenues of $257.04 million compared to estimates of $265.23 million [5] - The company had a net margin of 12.23% and a return on equity of 8.89%, with a projected EPS of 1.78 for the current fiscal year [5] Analyst Ratings - Clarkson Capital upgraded Frontline from "neutral" to "buy," while Evercore raised its price target from $22.00 to $26.00, maintaining an "outperform" rating [6] - The consensus rating for Frontline is "Moderate Buy," with a consensus price target of $25.87 [6] Company Overview - Frontline Ltd. is a leading global shipping company specializing in the transportation of crude oil and petroleum products, operating a fleet of very large crude carriers (VLCCs), Suezmax tankers, and Aframax vessels [7][8] - The company provides flexible shipping solutions through long-term charters and spot market operations, catering to a diverse set of energy producers and trading houses worldwide [8]

Group 1 - Frontline plc will release its preliminary fourth quarter 2025 results on February 27, 2026 [1] - A webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m. U.S. Eastern Time) [1] - The results presentation will be available for download from the Investor Relations section of the company's website [1] Group 2 - Participants can attend the conference call via webcast or by registering online for the conference call [2] - A Q&A session will follow the teleconference/webcast, with instructions for submitting questions provided at the beginning [2] - Presentation materials for the teleconference/webcast can be downloaded from the company's website [2]