Hafnia Ltd (OSL:HAFNI)
kr 56.08 +1.62 (+2.97%) Market Cap: 27.93 Bil Enterprise Value: 36.78 Bil PE Ratio: 4.34 PB Ratio: 1.14 GF Score: 85/100
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Full Year 2024 Hafnia Ltd Earnings Call Transcript

Feb 27, 2025 / 01:30 PM GMT
Release Date Price: kr48.44 (-11.44%)

Key Points

Positve
  • Hafnia Ltd (HAFN) achieved a net profit of $79.6 million in Q4 2024, contributing to a full-year net profit of $774 million.
  • The company generated a total TCE income of $1.4 billion for the year, supported by adjacent fee-generating businesses.
  • Hafnia Ltd (HAFN) operates one of the largest and most diversified fleets in the industry, with over 200 vessels across 8 pools.
  • The company completed a share buyback program, repurchasing approximately 14.4 million shares at 70% of NAV, enhancing shareholder returns.
  • Hafnia Ltd (HAFN) is actively pursuing sustainability initiatives, including the introduction of dual-fuel methanol vessels, marking progress in its decarbonization journey.
Negative
  • Tanker rates came under pressure in Q4 2024 due to increased cannibalization from the crude sector and lower refinery margins.
  • The company's net loan-to-value ratio increased to 23.2% due to a decline in vessel market values.
  • Despite strong fundamentals, market sentiment and limited cross-hemisphere trading have kept earnings from rebounding strongly.
  • The potential impact of the Red Sea reopening on transportation demand is expected to be marginal, with limited net impact.
  • Asset prices have declined, and there is uncertainty in the market, affecting share prices and investor sentiment.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HAFNI.OL - Hafnia Ltd
Full Year 2024 Hafnia Ltd Earnings Call
Feb 27, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Hafney's 4th quarter and full year 2024 financial results presentation. We will begin shortly. You will be brought through today's presentation by Haf near CEO Michael Skov, CFO Perry Van Eckelt, VPcommercial Soren Winter, and EVP head of Investor relations, Thomas Anderson. They will be pleased to address any questions after the presentation.

Should you have any questions, you can submit them via the chat function or use the raise hand function to be unmuted to ask your question verbally. Questions will be answered at the end of the presentation. You will receive further instructions as required.

During this conference call, some statements may be considered forward-looking, reflecting management's current
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