OSL$HAFN

Hafnia Ltd · Q2 2026 earnings

Q2 2026 earnings · · Investor relations

Briefing

Hafnia Ltd reported record Q2 2026 net profit of $277.8 million driven by strong tanker markets.

Hafnia Limited announced financial results for the three months ended June 30, 2026, with operating revenue of $505.7 million and net profit of $277.8 million ($0.56 per share). Adjusted EBITDA reached $287.3 million and TCE earnings totaled $372.9 million at an average of $44,093 per day. The company declared a $250 million dividend at a 90% payout ratio and reported NAV of approximately $4.4 billion ($8.89 per share).

  • Net profit of $277.8 million, up significantly from $75.3 million in Q2 2025, the strongest quarterly result since Q3 2022.
  • TCE earnings of $372.9 million and adjusted EBITDA of $287.3 million, with average TCE of $44,093 per day.
  • Declared $250 million dividend ($0.5003 per share) representing 90% payout ratio and ~21% annualized yield.
  • NAV rose to ~$4.4 billion ($8.89 per share); net LTV improved to 13.0% with cash at $271 million.

Headline financials

Total Revenue

$506M

Previous: $347M+45.9%
EPS (adj)

$0.56

Previous: $0.15+273.3%
NAV per share

$8.89

No prior period
Adjusted EBITDA

$287M

No prior period
Payout ratio

90.0%

No prior period
Average TCE per day

$44.1K

No prior period
TCE earnings

$373M

No prior period
Net Income

$278M

Previous: $75.3M+268.9%
Operating Income

$279M

Previous: $78M+257.9%

Revenue & EPS history

Hafnia Ltd · Revenue · Quarterly

$506M

Q2 2026+45.9%vs Q2 2025
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Forward guidance

80% of Q3 2026 earning days covered at $30,716 per day; 53% of H2 2026 at $28,917 per day.

Tailwinds

  • Strong coverage for upcoming periods at favorable rates
  • Continued fleet optimization and vessel sales

Headwinds

  • Market remains volatile due to geopolitical factors

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 7 quarterly earnings reports

Historical avg

+0.2%

Avg return

Earnings day

-2.3%

Avg return

5 days after

+109.9%

Avg return

30 days after

67%

6 / 9 earnings

Positive

+5.3%

Q3 2024

Best reaction

-11.4%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026-2.8%-8.2%
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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