Frontline plc. (FRO) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.157 and thank you for standing by. Welcome to the Q1 2026 Frontline PLC 00:00:05.157 -- 00:00:10.103 Earnings Conference Call. At this time, all participants are in a listen-only mode. 00:00:10.103 -- 00:00:13.867 After the speaker's presentation, there will be a question and answer session. 00:00:13.867 -- 00:00:18.993 To ask a question during the session, you will need to press power 1 and 1 on your telephone. 00:00:18.993 -- 00:00:22.537 You will then hear an automated message advising your hand is raised. 00:00:22.537 -- 00:00:26.622 To withdraw your question, please press power 1 and 1 again. 00:00:26.622 -- 00:00:29.410 Please be advised that today's conference is being recorded. 00:00:29.410 -- 00:00:32.695 I would now like to hand the conference over to your speaker today, Mr. 00:00:32.695 -- 00:00:36.701 Lars Barset, CEO. Please go ahead. 00:00:36.701 -- 00:00:42.609 Thank you. Dear all, I thank you for dialing into Frontline's quarterly earnings call. 00:00:42.609 -- 00:00:47.917 Unprecedented times springs to mind as we report in Q126, well into 00:00:47.917 -- 00:00:52.784 the first half of the year. I've been in this industry for more than 20 years, and I 00:00:52.784 -- 00:00:58.435 did not imagine us in a situation for this duration where the straight-to-formers 00:00:58.435 -- 00:01:00.998 has been effectively closed. 00:01:00.998 -- 00:01:06.104 With the opaque and volatile political narrative these days, the frontline 00:01:06.104 -- 00:01:11.110 team focus on the real, cash-generating business to be done, not speculating 00:01:11.110 -- 00:01:16.537 too far into the future. We have put the most profitable quarter since 2004 00:01:16.537 -- 00:01:21.683 behind us, and are well into a potentially even more rewarding on...