Frontline plc Files 6-K for Q2 2025

TL;DR

Frontline plc dropped its Q2 2025 6-K, check the financials.

AI Summary

Frontline plc filed a 6-K report on September 17, 2025, for the period ending June 30, 2025. The filing includes financial data for the first half of 2025 and the full year 2024, detailing issued capital and additional paid-in capital. The company is involved in the deep sea foreign transportation of freight.

Why It Matters

This filing provides investors with updated financial information for Frontline plc, crucial for assessing the company's performance and financial health in the shipping industry.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) that provides updated financial information and does not indicate any immediate or significant new risks.

Key Numbers

• 20250630 — Reporting Period End (The end date for the financial information presented in the 6-K.)
• 20250917 — Filing Date (The date the report was submitted to the SEC.)

Key Players & Entities

• Frontline plc (company) — Filer of the report
• 0000913290-25-000017.txt (document) — Accession number for the filing
• 20250917 (date) — Filing date
• 20250630 (date) — Reporting period end date
• 4412 (industry_code) — Standard Industrial Classification for Deep Sea Foreign Transportation of Freight

FAQ

Key Financial Figures

• $36.4 million — built in 2011, for a net sale price of $36.4 million. The vessel is expected to be delivered
• $23.7 m — rate net cash proceeds of approximately $23.7 million, and the Company expects to recor
• $6.0 million — pects to record a gain of approximately $6.0 million in the third quarter of 2025. In the
• $231.8 million — Voyage charter revenues decreased by $231.8 million in the six months ended June 30, 2025 a
• $144.0 million — 2024 primarily due to: a decrease of $144.0 million due to the decrease in market freight r
• $58.6 million — in market freight rates, a decrease of $58.6 million due to the sale of five VLCCs and three
• $31.6 million — nce January 1, 2024, and a decrease of $31.6 million due to the change in the number of vess
• $2.4 million — were partially offset by an increase of $2.4 million due to the acquisition of 13 VLCCs sinc
• $6.1 million — 4. Time charter revenues increased by $6.1 million in the six months ended June 30, 2025 a
• $30.4 million — e expenses and commissions decreased by $30.4 million in the six months ended June 30, 2025 a
• $21.1 million — 2024 primarily due to: a decrease of $21.1 million due to the sale of five VLCCs and three
• $19.0 million — ce January 1, 2024, 3 a decrease of $19.0 million primarily due to the fluctuations in bu
• $7.2 million — ases in commissions, and a decrease of $7.2 million due to the change in the number of vess
• $12.0 million — e partially offset by: an increase of $12.0 million due to the acquisition of 13 VLCCs sinc
• $3.1 million — ce January 1, 2024, and an increase of $3.1 million due to the costs incurred under the EU

Filing Documents

• fro-20250630.htm (6-K) — 712KB
• 0000913290-25-000017.txt ( ) — 4035KB
• fro-20250630.xsd (EX-101.SCH) — 46KB
• fro-20250630_cal.xml (EX-101.CAL) — 49KB
• fro-20250630_def.xml (EX-101.DEF) — 168KB
• fro-20250630_lab.xml (EX-101.LAB) — 367KB
• fro-20250630_pre.xml (EX-101.PRE) — 273KB
• fro-20250630_htm.xml (XML) — 653KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. FRONTLINE PLC (registrant) Dated: September 17, 2025 By: /s/ Inger M. Klemp Name: Inger M. Klemp Title: Principal Financial Officer EXHIBIT 1 FRONTLINE PLC Throughout this interim report, the "Company," "we," "Frontline," "us" and "our" all refer to Frontline plc and its subsidiaries. Unless otherwise indicated, all references to "USD," "US$" and "$" in this interim report are U.S. dollars. This management's discussion and analysis of financial condition and results of operations should be read together with the discussion included in the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2024. Management's Discussion and Analysis of Financial Condition and Results of Operations for the Six Months Ended June 30, 2025. General As of June 30, 2025, the Company's fleet consisted of 81 vessels owned by the Company (41 VLCCs, 22 Suezmax tankers, 18 LR2/Aframax tankers), with an aggregate capacity of approximately 17.8 million DWT. As of June 30, 2025, four of the Company's vessels (one VLCC, one Suezmax tanker, two LR2/Aframax tankers) were on time charter-out contracts with initial periods in excess of 12 months. The time charter-out contracts for the two LR2/Aframax tankers have initial periods ending in the third quarter of 2025, whereas the initial periods for the Suezmax tanker and the VLCC time-charters end in the second and third quarter of 2027, respectively. In August 2025, the Company entered into an agreement to sell its oldest Suezmax tanker, built in 2011, for a net sale price of $36.4 million. The vessel is expected to be delivered to the new owner during the third quarter of 2025. After repayment of existing debt on the vessel, the transaction is expected to generate net cash proceeds of approximately $23.7 millio

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk Interest Rate Risk The Company is exposed to the impact of interest rate changes primarily through its floating-rate borrowings that require the Company to make interest payments based on the Secured Overnight Financing Rate ("SOFR"). Significant increases in interest rates could adversely affect results of operations and ability to service debt. The 7 Company uses interest rate swaps to reduce its exposure to market risk from changes in interest rates. See Note 8 to our Unaudited Condensed Consolidated Interim Financial Statements included herein for additional information on our interest rate swap agreements. The principal objective of these contracts is to reduce the risks and costs associated with its floating-rate debt. The Company is exposed to the risk of credit loss in the event of non-performance by the counterparty to the interest rate swap agreements. As of June 30, 2025, the Company's outstanding debt, which was at variable interest rates, net of the amount subject to interest rate swap agreements, was $3,212.7 million. Based on this, a one percentage point increase in annual interest rates would increase its annual interest expense by approximately $32.1 million, excluding the effects of capitalization of interest. Foreign Currency Risk The majority of the Company's transactions, assets and liabilities are denominated in U.S. dollars, its functional currency. Certain of its subsidiaries report in British pounds, Norwegian kroner or Singapore dollars and risks of two kinds arise as a result: a transaction risk, that is, the risk that currency fluctuations will have an effect on the value of cash flows; and a translation risk, which is the impact of currency fluctuations in the translation of foreign operations and foreign assets and liabilities into U.S. dollars in the interim consolidated financial statements. Inflation Significant global inflationary pressures (such as the war betw

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View this 6-K filing on SEC EDGAR