OSL$HAFN
Hafnia Ltd · Q1 2025 earnings
Q1 2025 earnings · · Investor relations
Briefing
Hafnia posted lower earnings amid drydocking disruptions but maintained profitability and continued strategic investments.
Hafnia Ltd delivered a net income of $63.2M in Q1 2025, down from the previous year, primarily due to 500 off-hire days for vessel maintenance. Despite reduced revenue and earnings, the company remained profitable and distributed $50.6M in dividends.
- Net income dropped to $63.2M due to drydocking and repair off-hire days.
- Revenue declined to $340.3M from $521.8M in Q1 2024.
- Adjusted EBITDA was $125.1M, nearly halved year-over-year.
- Declared an 80% payout ratio, distributing $50.6M in dividends.
Headline financials
Revenue & EPS history
Hafnia Ltd · Revenue · Quarterly
$340M
Forward guidance
Hafnia expects continued market improvement in Q2 2025, supported by higher coverage rates and stable TCEs, despite anticipated off-hire days due to further drydocking.
Tailwinds
- 57% of Q2 earning days already covered at $24,839/day
- Stable to rising TCE rates expected for Q2 to Q4 2025
- Robust demand supported by US Gulf exports and Asian refining
- Strategic joint ventures expected to boost operational efficiency
- Global tanker supply remains constrained due to limited new orders
Headwinds
- 630 off-hire days expected in Q2 from scheduled maintenance
- Declining NAV due to vessel value reductions
- Macroeconomic uncertainty impacting global oil demand
- Geopolitical tensions may affect routing and freight rates
- Tariff risks and regulation changes increase fleet ordering hesitation
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports · overlaid with Q1 2025
+0.6%
Avg return
Earnings day
-1.5%
Avg return
5 days after
+109.9%
Avg return
30 days after
75%
6 / 8 earnings
Positive
+5.3%
Q3 2024
Best reaction
-11.4%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | — | — | — | |
| Q4 2025 | +2.6% | +3.8% | +900.6% | |
| Q3 2025 | -2.8% | -6.7% | -17.3% | |
| Q2 2025 | +3.7% | +5.0% | +6.7% | |
| Q1 2025 | +1.8% | +4.3% | +7.8% | |
| Q4 2024 | -11.4% | -15.8% | -14.2% | |
| Q3 2024 | +5.3% | -8.3% | -2.1% | |
| Q2 2024 | +4.2% | +1.8% | -3.9% | |
| Q1 2024 | +1.1% | +3.7% | +1.8% |
Discussion
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