OSL$HAFN
Hafnia Ltd · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Hafnia Ltd reported strong fourth quarter 2025 profitability with higher TCE earnings and an 80% dividend payout ratio.
Hafnia generated operating revenue of 368400000 and net income of 109700000 in Q4 2025, supported by TCE earnings of 259000000 and Adjusted EBITDA of 149700000, with a payout ratio of 80%.
- Net income was 109700000 with EPS of 0.22.
- Operating revenue reached 368400000 in Q4 2025.
- TCE earnings were 259000000, averaging 27346 per day.
- Adjusted EBITDA increased to 149700000 and dividend payout ratio was 80%.
Headline financials
Revenue & EPS history
Hafnia Ltd · Revenue · Quarterly
$368M
Forward guidance
Management indicated a supportive tanker market backdrop entering 2026 with strong rate coverage for Q1 and expectations of continued robust earnings, while noting potential easing from new vessel deliveries and geopolitical risks.
Tailwinds
- 76% of Q1 2026 earning days covered at 29979 per day.
- Seasonally strong rate environment entering 2026.
- Firm crude market expected to support demand.
- Strong operational cash flow generation.
- Continued disciplined fleet renewal strategy.
Headwinds
- Expected gradual easing as newbuild deliveries enter the market.
- Political and geopolitical uncertainty impacting trade flows.
- Sanctions-related volatility affecting tanker markets.
- Increased net loan-to-value ratio to 24.9%.
- Ongoing 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 · overlaid with Q4 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% |
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