Frontline plc reported unaudited second-quarter 2026 profit of $659.2 million, or $2.96 per share, up from $77.5 million a year earlier. Adjusted profit reached a record $580.2 million, or $2.61 per share, beating the $2.60 estimate, while revenue rose 96.5% to $943.299 million, above the $760.638 million estimate. Average daily spot time charter equivalent earnings were $152,700 for VLCCs, $111,500 for Suezmax tankers and $92,400 for LR2/Aframax vessels. Frontline declared a $2.61-per-share quarterly dividend and plans a special 80-cent dividend subject to completing two VLCC sales expected to generate about $179 million in net cash proceeds. Operating cash flow reached $579.5 million. The company reduced its weighted average interest-rate margin by 52 basis points to 126 basis points after refinancing. Third-quarter contracted spot TCE rates were $156,900 for VLCCs, $117,400 for Suezmaxes and $81,000 for LR2/Aframaxes, with coverage of 86%, 79% and 70%, respectively, although Frontline expects full-quarter rates to be lower because of ballast days. Management cited Middle East disruptions, longer trade routes and inventory replenishment as potential supports for tanker demand, while warning about tariffs, trade restrictions and geopolitical volatility.