OSL$HAFN
Hafnia Ltd · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Hafnia Ltd reported strong Q1 2026 results with net profit of $179.7 million driven by geopolitical disruptions boosting tanker rates.
Hafnia Limited announced results for the three months ended March 31, 2026, showing net profit of $179.7 million ($0.36 per share), up significantly from $63.2 million in Q1 2025. Operating revenue reached $412.9 million, with TCE earnings of $282.5 million at an average of $30,327 per day. Adjusted EBITDA was $198.6 million, and the company declared an 80% payout dividend of $143.8 million.
- Net profit surged to $179.7 million (EPS $0.36), a 184% increase YoY, including $32.5 million from vessel sales.
- TCE earnings rose to $282.5 million with average TCE of $30,327/day; fee-based businesses contributed $7.8 million.
- NAV reached approximately $4.0 billion ($8.09 per share); net LTV improved to 20.2%.
- Q2 2026 coverage at 73% of days at $46,600/day supports expectations of stronger performance ahead.
Headline financials
Revenue & EPS history
Hafnia Ltd · Revenue · Quarterly
$413M
Forward guidance
Q2 expected to be stronger than Q1 with 73% of earning days covered at $46,600/day as of mid-May; outlook uncertain due to ongoing geopolitical disruptions in oil markets.
Tailwinds
- Strong coverage and rates for Q2 supporting higher earnings.
- Fleet modernization through sales and newbuild orders.
- NAV growth and improved balance sheet metrics.
Headwinds
- Prolonged uncertainty from Strait of Hormuz closure and refinery disruptions.
- Potential demand contraction from high oil prices.
- Continued drydocking activity impacting utilization.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 6 quarterly earnings reports
+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% |
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