OSL$HAFN
Hafnia Ltd · Q2 2025 earnings
Q2 2025 earnings · · Investor relations
Briefing
Hafnia reported a profitable second quarter, though results declined versus last year due to lower vessel values and scheduled off-hire days.
Hafnia posted solid earnings in Q2 2025 with a net income of $75.3M and strong TCE income despite lower NAV and fewer operating days due to scheduled drydocking.
- Net income for Q2 2025 was $75.3 million, impacted by scheduled vessel drydocking.
- TCE income reached $231.2 million with average earnings of $24,452 per day.
- Adjusted EBITDA declined to $134.2 million from $317.1 million a year ago.
- Net asset value fell to $3.3 billion, mainly due to decreased vessel valuations.
Headline financials
Revenue & EPS history
Hafnia Ltd · Revenue · Quarterly
$347M
Forward guidance
Management expects strong performance to continue into Q3 2025 driven by robust demand and favorable market conditions.
Tailwinds
- 75% of Q3 2025 earning days already covered at $25,395/day.
- Refining margins and trade volumes remain strong.
- OPEC production increases supporting tanker demand.
- New joint venture operations initiated in Q2.
- Strong liquidity following $715M credit facility.
Headwinds
- 510 off-hire days expected in Q3 from scheduled drydockings.
- Vessel values declined impacting NAV.
- Market still awaiting meaningful vessel scrapping.
- Geopolitical tensions and sanctions could disrupt trade routes.
- Aging fleet may pressure operating efficiency in future.
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 Q2 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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