Frontline plc (FRO) Q3 2025 Earnings Call Transcript | The Markets Cafe
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Frontline plc (FRO) Q3 2025 Earnings Call Transcript

by Press Room
November 21, 2025
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Operator

Good day, and thank you for standing by. Welcome to the Third Quarter 2025 Frontline Earnings Conference Call and Webcast. [Operator Instructions] Please be advised that this conference is being recorded.

I would now like to hand the conference over to your first speaker today, Lars Barstad, CEO.

Please go ahead, sir.

Lars Barstad
Chief Executive Officer of Frontline Management AS

Thank you very much.

Dear all, thank you for dialing into Frontline’s quarterly earnings call. It’s noticeable how everyone at Frontline and in the general tanker industry for that sake, walks with an energetic spring in their steps these days. We have previously argued that this market owes us money, and we have finally started to collect some of it. I’ll try not to jinx it by using caps lock on absolutely everything, but it is a mild understatement that we are positively excited by the developments in this market that started to materialize during the third quarter of the year.

Before I give the word to Inger, I’ll run through our TCE numbers on Slide 3 in the deck. In the third quarter of 2025, Frontline achieved $34,300 per day on our VLCC fleet, $35,100 per day on our Suezmax fleet and $31,400 per day on our LR2/Aframax fleet. So far in the third quarter of ’25, we have booked 75% of our VLCC days at $83,300 per day, 75% of our Suezmax days at $60,600 per day and 51% of our LR2/Aframax days at $42,200 per day.

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