Quarterly ResultMay 27, 2026, 06:12 AM
Hafnia Q1 Net Profit $179.7M; EPS $0.36; Dividend $0.2877
AI Summary
Hafnia Ltd reported a net profit of $179.7 million for Q1 2026, significantly up from $63.2 million in Q1 2025, with EPS of $0.36. The company declared a dividend of $0.2877 per share, representing an 80% payout ratio. Despite geopolitical disruptions in global oil markets, Hafnia delivered strong earnings, supported by strategic fleet renewal and a substantial unrealized gain from its TORM investment. The outlook remains uncertain due to the Strait of Hormuz closure, but Hafnia expects Q2 to be stronger than Q1 with 73% of earning days covered at an average of $46,600 per day.
Key Highlights
- Net profit of $179.7 million, up from $63.2 million in Q1 2025.
- EPS of $0.36, compared to $0.13 in Q1 2025.
- Average fleet TCE of $30,327 per day.
- Declared a dividend of $0.2877 per share, an 80% payout ratio.
- Net Asset Value (NAV) rose to $4.0 billion, or $8.09 per share.
- Net Loan-to-Value (LTV) ratio decreased to 20.2% from 24.9% in Q4 2025.
- 73% of Q2 earning days covered at an average of $46,600 per day.
- Unrealized fair value gain of $117.8 million from TORM investment.
Price Impact
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