Frontline Q2 FY26 profit hits USD 659.2 million; revenue rises to USD 943.3 million

Reuters2026/08/28 05:28

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Frontline plc published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608280128OMX_____CNEWS_EN_GNW1001259756_en) on August 28, 2026, and is solely responsible for the information contained therein.

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.

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Frontline Q2 FY26 profit hits USD 659.2 million; revenue rises to USD 943.3 million

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