Hafnia Ltd (STU:RE0)

Q3 2025 Hafnia Ltd Earnings Call Transcript

Dec 1, 2025 / 01:30 PM GMT

Release Date Price: €4.96 (-3.09%)

Transcript

Key Points

Positve

Hafnia Ltd (HAFN) reported its best quarterly results of 2025 with an adjusted EBITDA of $150.5 million and a net profit of $91.5 million.
The company successfully sold four older vessels as part of its fleet renewal strategy, contributing to a younger and more efficient fleet.
Hafnia Ltd (HAFN) declared a dividend payout ratio of 80% for the quarter, marking 15 consecutive quarters of dividend payments.
The company's net loan-to-value ratio improved from 24.1% to 20.5%, supported by strong operational cash flows.
Hafnia Ltd (HAFN) has a strong liquidity position with over $630 million in total available liquidity, including cash and undrawn financing capacity.

Negative

Hafnia Ltd (HAFN) experienced approximately 740 off-hire days in Q3, which was about 230 days above initial expectations due to dry dock delays and special cargo tank recoating.
The earnings recovery in the product tanker market was more modest than expected, despite high clean petroleum product volumes.
The company faces potential challenges from geopolitical tensions, such as the impact of Ukraine's drone strikes on Russian refineries.
There is a risk of fleet supply tightening due to vessel sanctions, with over 400 tankers sanctioned this year, affecting the product segment.
Hafnia Ltd (HAFN) anticipates continued dry docking in the coming quarters, which may impact utilization and earnings momentum.

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

HAFNI.OL - Hafnia Ltd
Q3 2025 Hafnia Ltd Earnings Call
Dec 01, 2025 / 01:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Welcome to Hafnir's 3rd quarter 2025 financial results presentation. We will begin shortly. We will be brought through today's presentation by Hafnir CEO Michael Skov, CFO Perry Van Eckel, Soren Winter, VP commercial, and Thomas Anderson, EVP Head of Investor relations. 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. These statements

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.