Hafnia Ltd
OSE:HAFNI

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Hafnia Ltd
OSE:HAFNI
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Price: 57.76 NOK -2% Market Closed
Market Cap: 29.6B NOK

Hafnia Ltd
Investor Relations

Hafnia Ltd., a stalwart in the maritime industry, operates as a leading provider of oil transportation services, earning its stripes through sheer operational efficiency and strategic foresight. Established with a mission to deliver crucial energy resources across the globe, the company manages an expansive fleet of modern tankers that traverse crucial shipping lanes, connecting oil-rich regions with markets that thrive on these vital resources. Hafnia's operations hinge on the adept navigation of global trade routes, where they harness economies of scale and deploy technologically advanced vessels to ensure timely and cost-effective delivery. The company ensures its fleet is perpetually updated, adhering to stringent safety and environmental norms, which are crucial in the volatile and environmentally sensitive oil transportation sector.

Financially, Hafnia thrives on its well-entrenched business model of chartering vessels on both spot and time charter contracts. By maintaining a balanced portfolio between spot trades, where the company can capitalize on fluctuating market rates, and time charters, which provide consistent revenue streams, Hafnia adeptly mitigates risk while enhancing profitability. This dual strategy enables Hafnia to better adapt to the unpredictable nature of the oil markets, driven by geopolitical tensions and global economic trends. The company's prowess in fostering long-term partnerships with major oil traders and producers not only ensures steady cargo volumes but also underscores the trust it has cultivated in the fraught world of energy logistics. Through these disciplined yet dynamic strategies, Hafnia Ltd. continues to fortify its position as a significant player in the global maritime sector.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Dec 1, 2025
AI Summary
Q3 2025

Strong Quarter: Hafnia reported Q3 adjusted EBITDA of $150.5 million and net profit of $91.5 million, the best results so far in 2025.

Dividend Commitment: The company continued its 80% dividend payout ratio, declaring $73.2 million ($0.1470 per share) for the quarter, marking 15 straight quarters of dividends.

Fleet Renewal & TORM Stake: Hafnia sold four older vessels and reached a binding agreement to acquire 14.45% of TORM shares, pending final conditions.

Improved Leverage: Net loan-to-value ratio improved to 20.5% from 24.1% in Q2, aided by strong cash flows and refinancing actions.

Market Strength: The product tanker market saw higher trading volumes and refinery margins, with supply constraints driven by vessel sanctions and LR2 migration to crude.

2025 Outlook: Hafnia expects continued strong earnings momentum into 2026, with much of Q4 and part of 2026 already fixed at strong rates.

Cost Control: Operational cash flow breakeven is expected to drop below $13,000 per day in 2026, reflecting refinancing benefits and efficiency gains.

Key Financials
Adjusted EBITDA
$150.5 million
Net Profit
$91.5 million
Dividend Payout
$73.2 million
Dividend Per Share
$0.1470
Net Loan-to-Value Ratio
20.5%
Return on Equity
15.9%
Return on Invested Capital
12.8%
Fee Income
$7.1 million
TCE Income
$247 million
Average TCE
$26,040 per day
Liquidity
$630 million
Cash
$130 million
Undrawn Financing Capacity
$500 million
Fleet Size
126 vessels
Fleet Average Age
9.6 years
Net Asset Value
$3.4 billion
Net Asset Value Per Share
$6.76
Q4 2025 Fleet Coverage
71% at $25,610 per day
2026 Fleet Coverage
15% at $24,506 per day
Other Earnings Calls

Management

Mr. Mikael Opstun Skov
Chief Executive Officer
No Bio Available
Mr. Perry Wouter Van Echtelt
Chief Financial Officer
No Bio Available
Ms. Dorte Thuesen Christensen
Vice President of Operations & Claims
No Bio Available
Thomas Andersen
Executive VP of IR, Research & Performance Management
No Bio Available
Mr. Jens Christophersen
EVP and Head of Commercial & Operations
No Bio Available
Søren Skibdal Winther
Vice President of Commercial
No Bio Available

Contacts

Address
Singapore
Mapletree Business City #18-01, 10 Pasir Panjang Road, 117438
Contacts
+6564343770.0
hafniabw.com