Operator

Thank you for standing by. My name is Angela, and I will be your conference operator today. At this time, I would like to welcome everyone to the TORM First Quarter 2026 Conference Call. [Operator Instructions]

I would now like to turn the call over to Mr. Jacob Meldgaard, CEO, you may begin.

Jacob Meldgaard
CEO & Executive Director

Thank you, and welcome to everyone joining us today. We started 2026 with a very strong first quarter, delivering results that demonstrate both the earnings power of our platform and the strength of our execution in a supportive freight market. This morning, we released our Q1 2026 results, and we are pleased with the performance.

However, before I go into the details of the quarter, I would like to take a step back and briefly talk about TORM and the foundation that underpins these results and continues to differentiate us in the market.

Again, our performance was driven by a combination of strong freight rates, disciplined execution and the One TORM platform. While we remain attentive to global developments, we continue to align ourselves with market changes and believe we have a unique ability to react quickly to movements in spot prices. This is something we are often asked about. The answer is that it represents a quantifiable advantage over our peers, what we refer to as the One TORM advantage. It is now embedded in the way we operate and is a capability our competitors would undoubtedly like to replicate.