UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_________________________

FORM 6-K

_________________________

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

Date of Report: ~~October~~February 2918, ~~2025~~2026

Commission file number 1-12874

_________________________

TEEKAY CORPORATION LTD.

(Exact name of Registrant as specified in its charter)

_________________________

2nd Floor, Swan Building

26 Victoria Street,

Hamilton, HM 12 Bermuda

(Address of principal executive office)

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Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ý Form 40-F ¨

Item 1 — Information Contained in this Form 6-K Report

Attached as Exhibit 1 is a copy of an announcement of Teekay Corporation Ltd. dated ~~October~~February 2918, ~~2025~~2026.

SIGNATURE

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.

	TEEKAY CORPORATION LTD.
Date: October 29, 2025	By:	/s/ Brody Speers
Date: February 18, 2026	By:	/s/ Brody Speers
		Brody SpeersChief Financial Officer (Principal Financial and Accounting Officer)

Exhibit 1

TEEKAY CORPORATION LTD.

~~THIRD~~FOURTH QUARTER AND ANNUAL 2025 UPDATE

Highlights

•U.S. GAAP net income attributable to shareholders of Teekay of $2935.60 million, or $0.3440 per share, in the ~~third~~fourth quarter of 2025.

•AsFiscal ~~part~~year of2025 ~~Teekay~~GAAP ~~Tankers'~~net ~~fleet~~income ~~renewal~~attributable ~~plan,~~to ~~Teekay~~shareholders ~~Tankers completed the previously-announced acquisitions~~ of ~~one~~Teekay ~~2017-built Suezmax tanker and the remaining 50% ownership interest~~ of ~~the Hong Kong Spirit VLCC tanker~~$98. In1 ~~addition~~million, ~~four~~or ~~of the five previously-announced vessel sales were completed in the third and fourth quarters, with the remaining vessel sale expected to be completed in the coming days~~$1.14 ~~Gross~~per ~~proceeds on the five vessel sales is expected to total $158~~share.~~5 million.~~

•~~Consistent~~As ~~with~~part of Teekay Tankers’' ~~dividend~~fleet ~~policy~~renewal plan, Teekay Tankers ~~declared~~(1) aacquired ~~regular,~~three ~~fixed~~2016-built ~~quarterly~~Aframax ~~cash~~tankers ~~dividend~~for of $0141.255 ~~per~~million ~~share~~and ~~for~~bareboat chartered the ~~quarter~~vessels ~~ended~~back ~~September~~on ~~30,~~short-term ~~2025,~~contracts ~~payable~~with expected redelivery dates in ~~November~~the ~~2025~~second and third quarters of 2026; and (2) sold one 2007-built Suezmax tanker and agreed to sell one 2009-built Suezmax tanker and one 2013-built VLCC for combined gross proceeds of $157.5 million.

~~Hamilton,~~•Consistent ~~Bermuda,~~with ~~October 29, 2025 -~~ Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today provided an update for the three months ended September 30, 2025, including certain unaudited U.S. GAAP results. These results include those of the CompanyTankers’s ~~publicly-listed~~dividend ~~consolidated subsidiary~~policy, Teekay Tankers ~~Ltd.~~declared ~~(Teekay~~a ~~Tankers) (NYSE:TNK)~~regular, ~~and~~fixed ofquarterly ~~all~~cash ~~remaining~~dividend ~~subsidiaries~~of ~~and equity-accounted investments~~$0.25 ~~Teekay,~~per ~~together~~share ~~with~~for ~~its subsidiaries other than Teekay Tankers, is referred to in this release as Teekay Parent. Please refer to~~ the ~~third~~ quarter ofended ~~2025~~December ~~earnings release of Teekay Tankers~~31, ~~which is available on Teekay's website at www.teekay.com~~2025, ~~for~~payable ~~additional~~in ~~information~~March ~~on Teekay Tankers' results~~2026.

Hamilton, Bermuda, February 18, 2026 - Teekay Corporation Ltd. (Teekay or the Company) (NYSE:TK) today provided an update for the three months and year ended December 31, 2025, including certain unaudited U.S. GAAP results. These results include those of the Company’s publicly-listed consolidated subsidiary, Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK), and of all remaining subsidiaries and equity-accounted investments. Teekay, together with its subsidiaries other than Teekay Tankers, is referred to in this release as Teekay Parent. Please refer to the fourth quarter and annual 2025 earnings release of Teekay Tankers, which is available on Teekay's website at www.teekay.com, for additional information on Teekay Tankers' results.

Financial Summary

Three Months Ended

Year Ended

September 30,

June 30,

September 30,

December 31,

September 30,

December 31,

(in thousands of U.S. dollars, except per share amounts)

2025

2024

2025

2024

(unaudited)

TEEKAY CORPORATION LTD. CONSOLIDATED

GAAP FINANCIAL COMPARISON

Revenues

~~228~~257,~~485~~702

~~232~~228,~~183~~485

~~272~~256,~~619~~566

949,520

1,220,374

Income from operations

69109,~~166~~661

5269,~~663~~166

5270,~~192~~334

302,814

365,247

Net income attributable to the shareholders of Teekay (1)

2934,~~552~~969

1829,~~652~~552

2025,~~072~~242

98,111

133,770

Earnings per common share of Teekay (1)(2)

0.3440

0.2234

0.2229

1.14

1.47

As at

September 30,

June 30,

December 31,

September 30,

December 31,

(in thousands of U.S. dollars, except number of shares)

2025

2024

(unaudited)

TEEKAY PARENT

Cash and cash equivalents, and short-term investments (3)

~~111~~120,~~787~~165

~~200~~111,~~648~~787

183,443

Market value of investment in Teekay Tankers (4)

~~538~~568,~~070~~619

~~444~~538,~~081~~070

423,537

Number of outstanding common shares at end of period

8586,~~269~~056,~~031~~804

85,269,031

84,059,952

(1)For the quarters ended December 31, 2025, September 30, 2025, and ~~June~~December 3031, ~~2025~~2024, includes $7.0 million, or $0.08 per share, $8.7 million, or $0.10 per share, and $48.62 million, or $0.0509 per share, respectively, related to gains on Teekay Tankers' vessel sales. For the ~~quarter~~quarters ended December 31, 2025, September 30, 2025, ~~also~~and December 31, 2024, includes $20.6 million, or $0.0301 per share, $1.4 million, or $0.02 per share, and $0.4 million, or $0.00 per share, respectively, related to Teekay Tankers' ~~gain~~realized and unrealized gains on ~~distribution~~marketable ~~from~~securities. For ~~equity~~the ~~accounted~~quarter ~~investment~~ended September 30, ~~and~~2025, also includes $12.46 million, or $0.0203 per share, related to Teekay Tankers' ~~unrealized~~ gain on ~~marketable~~distribution ~~securities~~from equity accounted investment.

(2)Basic per share amounts.

(3)Teekay Parent's cash position ~~decreased~~increased compared ~~June~~to September 30, 2025, primarily due to ~~payment~~the ofreceipt afrom ~~one-time~~Teekay ~~cash~~Tankers ~~special~~of ~~dividend~~cash dividends of $12.007 ~~per~~million, ~~outstanding~~and ~~common~~proceeds ~~share~~ of ~~Teekay Corporation for a total of~~ $855.3 million, ~~receipt~~on ~~from~~the ~~Teekay~~exercise ~~Tankers~~ of ~~cash~~Teekay ~~dividends~~stock ~~of $2~~options.7 ~~million, and changes in working capital.~~

(4)As at ~~September~~December 3031, 2025, ~~June~~September 30, 2025, and December 31, 2024, Teekay Parent owned 10.6 million Teekay Tankers Class A and B common shares, and the closing prices of Teekay Tankers' Class A common shares were $5053.5542 per share, $4150.7255 per share, and $39.79 per share, respectively.

Conference Call

Teekay and Teekay Tankers (collectively, the Teekay Group) plan to host a conference call on Thursday, ~~October~~February 3019, ~~2025~~2026 at 11:00 a.m. (ET) to discuss the Teekay Group's ~~results~~fourth ~~for the third~~ quarter ofand annual 2025 results. All shareholders and interested parties are invited to listen to the live conference call by choosing from the following options:

•By dialing 1(800) 330-6710, or 1(647) 361-1999 if outside of North America, and quoting conference ID code ~~4192782~~3373559.

•By accessing the webcast, which will be available on Teekay Tankers’ website at www.teekay.com (the archive will remain on the website for a period of one year).

An accompanying Teekay Group ~~Third~~Fourth Quarter ofand Annual 2025 Earnings Presentation will also be available at www.teekay.com in advance of the conference call start time.

About Teekay

Teekay is a leading provider of international crude oil marine transportation and other marine services. Teekay provides these services through its controlling ownership interest in Teekay Tankers, a leading owner and operator of mid-sized crude tankers. Teekay Tankers manages and operates approximately 5556 conventional tankers and other marine assets, including vessels operated for the Australian Government. With offices in eight countries and approximately 2,200 seagoing and shore-based employees, Teekay Tankers provides a comprehensive set of marine services to the world’s leading energy companies.

Teekay’s common shares trade on the New York Stock Exchange under the symbol “TK”.

Forward-Looking Statements

This update contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All statements included in this update, other than statements of historical fact, are forward-looking statements. When used in this update, the words “expect,” “believe,” “anticipate,” “plan,” “intend,” “estimate,” “may,” “will”, “should” or similar words are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Forward-looking statements contained in this update include, among others, statements regarding: the timing of payments of cash dividends by Teekay Tankers; the sale by Teekay Tankers of its VLCC; and the timing of a vessel ~~delivery~~redeliveries byto Teekay Tankers of bareboat chartered out vessels.

The following factors are among those that could cause actual results to differ materially from the forward-looking statements, which involve risks and uncertainties, and that should be considered in evaluating any such statement: payment by Teekay Tankers of its declared cash dividends; completion of the sale of Teekay Tankers' VLCC; potential delays of a vessel ~~delivery~~redeliveries byto Teekay Tankers; and other factors discussed in Teekay’s filings from time to time with the United States Securities and Exchange Commission (or SEC), including its Annual Report on Form 20-F for the fiscal year ended December 31, 2024. Teekay expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Teekay’s expectations with respect thereto or any change in events, conditions or circumstances on which any such statement is based.

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