One of the world's largest oil tanker companies, Frontline owns and operates a fleet of giant vessels—VLCCs, Suezmax, and Aframax tankers—that haul crude oil and refined fuels across the world's oceans. It began as Frontline AB in Sweden in 1985 and came under the wing of Norwegian-born shipping magnate John Fredriksen, nicknamed the "tanker king," who took control in 1996. The name plays on being at the "front line" of the shipping market.
Frontline reports Q4 2025 profit of $227.9M, declares $1.03 dividend
Frontline reported Q4 2025 profit of $227.9 million, or $1.02 per share, and adjusted profit of $230.4 million, or $1.03 per share.
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The company declared a cash dividend of $1.03 per share for Q4 2025, payable on or about March 19, 2026.
Q4 2025 revenues were $624.5 million, with average daily spot TCEs of $74,200 for VLCCs, $53,800 for Suezmax tankers, and $33,500 for LR2/Aframax tankers.
Frontline agreed to sell eight older VLCCs for $831.5 million and acquire nine new scrubber-fitted VLCC newbuildings from Hemen affiliates for $1,224.0 million.
The company entered one-year time charter-out agreements for eight VLCCs at rates averaging $76,900 per day (seven vessels) and $93,500 per day (one vessel).
Frontline plc held its 2025 Annual General Meeting on December 8, 2025 in Limassol, Cyprus.
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Shareholders re-elected John Fredriksen, James O'Shaughnessy, Ola Lorentzon, Cato Stonex, Ørjan Svanevik, and Dr. Maria Papakokkinou as directors, and elected Richard C. Prince as a new director.
PricewaterhouseCoopers of Limassol, Cyprus was re-appointed as auditors, with directors authorized to set their remuneration.
Shareholders approved board remuneration of up to USD 600,000 for the year ended December 31, 2025.
Shareholders approved a 12-month exclusion of pre-emption rights for up to 377,377,111 ordinary shares and up to 377,377,111 convertible securities, each at a minimum subscription price of USD 1 per share/security.
The Remuneration Report for the year ended December 31, 2024 was approved on an advisory basis.
Frontline plc reports Q3 2025 profit of $40.3 million and declares $0.19 dividend
Revenues for Q3 2025 were $432.7 million, and the company declared a cash dividend of $0.19 per share, payable on or about December 19, 2025.
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Frontline plc reported a profit of $40.3 million, or $0.18 per share, for Q3 2025, with adjusted profit of $42.5 million, or $0.19 per share.
Average daily spot TCEs for Q3 2025 were $34,300 for VLCCs, $35,100 for Suezmax tankers, and $31,400 for LR2/Aframax tankers.
The company converted seven credit facilities into revolving reducing facilities of up to $493.4 million and prepaid $374.2 million, reducing fleet average cash breakeven rates by approximately $1,300 per day.
Frontline sold its oldest Suezmax tanker for a net price of $36.4 million, generating net cash proceeds of approximately $23.7 million.
Frontline plc grants 362,284 synthetic options to management and employees; CEO and director exercise options.
The exercise price of the granted options is USD 16.8, adjusted for dividends, and options are cash-settled based on share price difference.
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On May 27, 2025, Frontline plc granted 362,284 synthetic options to management and employees, with a five-year term expiring May 27, 2030, and vesting over three years.
CEO Lars H. Barstad was granted 115,509 synthetic options and CFO Inger M. Klemp was granted 86,632 synthetic options on May 27, 2025.
On September 8, 2025, Director James O'Shaughnessy exercised 44,000 synthetic options at an exercise price of NOK 16.75, adjusted for dividends.
On September 12, 2025, CEO Lars H. Barstad exercised 110,000 synthetic options at an exercise price of about NOK 10.70, and now holds 405,509 synthetic options.