Hafnia Ltd (OSL:HAFNI)
kr 56 -0.080 (-0.14%) Market Cap: 27.89 Bil Enterprise Value: 36.76 Bil PE Ratio: 4.32 PB Ratio: 1.15 GF Score: 82/100
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Q1 2025 Hafnia Ltd Earnings Call Transcript

May 15, 2025 / 12:30 PM GMT
Release Date Price: kr52.74 (-2.98%)

Key Points

Positve
  • Hafnia Ltd (HAFN) achieved a net profit of $63.2 million in Q1 2025, demonstrating resilience despite a challenging market environment.
  • The company generated TCE income of $218.8 million, underscoring the strength of its core operations even during maintenance-intensive periods.
  • Hafnia Ltd (HAFN) maintained a strong financial position with a net loan-to-value ratio of 24.1% and a cash balance of $188 million.
  • The company announced a payout ratio of 80% for the quarter, resulting in a total cash dividend of $50.6 million, reflecting confidence in the market.
  • Hafnia Ltd (HAFN) is well-positioned for future growth with strategic initiatives like the SeaScale Energy joint venture with Cargill, expected to transform marine fuel procurement services.
Negative
  • The first quarter results were impacted by approximately 500 off-hire days due to scheduled dry docking and repairs.
  • There was a decline in vessel market values, which slightly increased the net loan-to-value ratio from the previous quarter.
  • The company anticipates a similar level of dry dockings and repairs in Q2, resulting in approximately 630 off-hire days.
  • Geopolitical instability impacted the product tanker market, although Hafnia Ltd (HAFN) managed to navigate these challenges.
  • Market sentiment remains a challenge, with a disconnect between recovering CPP volumes and lagging earnings, primarily reflecting market sentiment rather than fundamental weakness.


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

HAFNI.OL - Hafnia Ltd
Q1 2025 Hafnia Ltd Earnings Call
May 15, 2025 / 12:30PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Haffney's first quarter 2025 financial results presentation.

We will begin shortly. You will be brought through today's presentation by Haffner CEO Michael Skov, CFO Perry Van Aelt, VP commercial Soaring 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 expectations.
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