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Hafnia (One-pager): Steady Q2 2025 results and continued capital discipline in a normalizing market

Hafnia
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Oversigt

  • Hafnia reported Q2 2025 TCE earnings of USD 231 million and EBITDA of USD 134 million, consistent with Q1, driven by resilient market conditions and improved trading margins.
  • The company declared a USD 60.3 million dividend and executed USD 36.1 million in share buybacks, resulting in a total H1 payout of USD 174.6 million, approximately 131% of net profit.
  • Management remains optimistic about market fundamentals, highlighting increased tonne-miles, low inventories, tight fleet supply, and 75% of Q3 days fixed at USD 25,395/day.

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Read the latest Hafnia One-pager update following the Q2 2025 results. The One-pager includes a brief company profile, a market update on product tankers, the latest financial performance, and valuation perspectives relative to peers. It also outlines several key investment risks and reasons to consider Hafnia as an investment case.

Hafnia delivered TCE earnings of USD 231 million and EBITDA of USD 134 million in Q2 2025, broadly in line with Q1, supported by resilient market conditions and improved trading margins. The company maintained its high shareholder payout, declaring a USD 60.3 million dividend (USD 0.1210 per share) and executing USD 36.1 million in share buybacks, bringing the total H1 payout to USD 174.6 million or approximately 131% of net profit. Management continues to see strong fundamentals, citing increased tonne-miles, low inventories, tight fleet supply, and 75% of Q3 days already fixed at USD 25,395/day.

To learn more about Hafnia, its updated market outlook for 2025, and its capital allocation strategy, read the full One-pager or catch up on the latest Q2 2025 earnings presentation with CEO Mikael Skov.

Link: https://www.inderes.dk/videos/hafnia-presentation-of-q2-2025

Disclaimer: HC Andersen Capital receives payment from Hafnia for a DigitalIR/corporate visibility subscription agreement / Philip Coombes, 04 September 2025 09:50.

Hafnia er et internationalt rederi med speciale i transport af olie- og kemikalieprodukter. Aktien startede oprindeligt med at handle i Norge på NOTC-markedspladsen for unoterede aktier i 2013. I 2019 blev Hafnia noteret på hovedmarkedet i Norge – Oslo Børs. Selskabet, der har hovedkontor i Singapore, opererer på produkttankmarkedet, hvor man administrerer 6 såkaldte pools - altså puljer af tankskibe, hvoraf nogle ejes af Hafnia selv imens andre ejes af eksterne parter. Herved opnås en række stordriftsfordele, og puljerne fordeler overskud/tab på alle skibe i puljen, imens Hafnia opkræver provision for drift af eksternt ejede tankskibe. Hafnias 6 pools er kategoriseret efter fartøjsstørrelse/-type og afspejler den flåde af fartøjer Hafnia selv ejer. De 6 pools er: Handy Pool, MR Pool, LR Pool, LR2 Pool, Specialized Pool og Chemicals Pool. MR- og LR-puljerne er betydeligt større end Handy- og Specialized-puljerne med hensyn til omsætning og flådestørrelse. Hafnias puljer er primært aktive på spotmarkedet for produkttankskibe, men er også for nylig gået ind i markedet med kemikalietankskibe. Derudover indkøber Hafnia bunkerbrændstoffet til sine partnere til konkurrencedygtige priser, som det modtager provision for.

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