DHT Holdings (DHT) Company Report

Scorpio Tankers Inc. has signed letters of intent to construct two Very Large Crude Carriers (VLCCs) at a cost of $128 million per vessel, with deliveries expected in the third and fourth quarters of 2028.
Since October 28, 2025, Scorpio Tankers has sold 2,382,226 common shares of DHT Holdings Inc. at an average price of $13.25 per share, reducing its ownership to 1,169,568 common shares as of November 11, 2025.

Nov 11, 2025, 12:43 PM

Press Release

DHT Reports Q3 2025 Financial Results and Declares Dividend

DHT

Earnings

Dividends

Guidance Update

DHT reported Q3 2025 revenues of $79,104 thousand on a TCE basis, with Adjusted EBITDA of $57,703 thousand and Adjusted EPS of $0.18. The average fleet TCE rate for the quarter was $40,500/d.
The company declared a cash dividend of $0.18 per share for Q3 2025, aligning with its policy of distributing 100% of ordinary net income. This marks the 63rd consecutive quarterly cash dividend.
As of September 30, 2025, DHT maintained total liquidity of $298 million, including $81.2 million in cash. Significant financial activities included securing $308.4 million in newbuilding financing and prepaying $22.1 million of debt.
For Q4 2025, DHT has already booked 68% of total spot days at an average spot rate of $64,900/d.

Oct 30, 2025, 1:00 PM

Presentation

DHT Holdings Inc. Announces Q3 2025 Earnings and Dividend

DHT

Earnings

Dividends

Guidance Update

For the third quarter of 2025, DHT Holdings Inc. achieved revenues on a TCE basis of $79.1 million and adjusted EBITDA of $57.7 million. The company reported net income of $44.8 million, equal to $0.28 per share, and an adjusted net profit of $29.5 million, or $0.18 per share.
The Board approved a cash dividend of $0.18 per share for Q3 2025, marking the 63rd consecutive quarterly cash dividend and aligning with the policy to pay out 100% of ordinary net income.
The company ended Q3 2025 with total liquidity of $298 million, comprising $81.2 million in cash and $216.5 million available under revolving credit facilities. Financial leverage stood at 12.4%, with net debt just below $9 million per vessel.
For the fourth quarter of 2025, 901 time charter days are covered at $42,200 per day, and 68% of 1,070 spot days have been booked at an average rate of $64,900 per day. The spot P&L breakeven for Q4 is estimated at $15,200 per day.
Management noted that the VLCC market is demonstrating significant strength, driven by growing demand for seaborne crude oil transportation and an aging, fragmented fleet, which is expected to positively impact earnings in the latter part of Q4.

Oct 30, 2025, 1:00 PM

Transcript

DHT Holdings Inc. Reports Q3 2025 Financial Results and Dividend

DHT

Earnings

Dividends

Guidance Update

DHT Holdings Inc. reported Q3 2025 revenues of $79.1 million on a TCE basis and adjusted EBITDA of $57.7 million.
The company achieved a net income of $44.8 million, or $0.28 per share, for Q3 2025, with an adjusted net profit of $29.5 million, or $0.18 per share, after accounting for a gain on vessel sale and fair value loss on derivatives.
Total liquidity stood at $298 million at the end of Q3 2025, including $81.2 million in cash and $216.5 million available under revolving credit facilities.
For Q4 2025, 68% of anticipated 1,070 spot days have been booked at an average rate of $64,900 per day, and 901 time charter days are covered at $42,200 per day.
The Board approved a Q3 2025 dividend of $0.18 per share, consistent with its policy of paying out 100% of ordinary net income, marking the 63rd consecutive quarterly cash dividend.

Oct 30, 2025, 1:00 PM

Transcript

DHT Holdings Inc. Reports Strong Q3 2025 Financial Results and Declares Dividend

DHT

Earnings

Dividends

Guidance Update

For the third quarter of 2025, DHT Holdings Inc. achieved revenues on a TCE basis of $79.1 million and adjusted EBITDA of $57.7 million. Net income was $44.8 million, or $0.28 per share, which adjusted for a $15.7 million gain on vessel sale and a $0.4 million non-cash fair value loss, resulted in a net profit of $29.5 million, or $0.18 per share.
The company declared a cash dividend of $0.18 per share for Q3 2025, marking its 63rd consecutive quarterly cash dividend. The shares will trade ex-dividend on November 12 and the dividend will be paid on November 19.
DHT Holdings maintained a robust balance sheet, ending Q3 2025 with total liquidity of $298 million, comprising $81.2 million in cash and $216.5 million available under revolving credit facilities. Financial leverage was 12.4% based on market values for ships.
For the fourth quarter of 2025, 901 time charter days are covered at an expected rate of $42,200 per day. Additionally, 68% of the 1,070 anticipated spot days have been booked at an average rate of $64,900 per day.
The VLCC market is demonstrating significant strength, driven by growing demand for seaborne crude oil transportation and an aging, fragmented fleet.

Oct 30, 2025, 1:00 PM

Transcript

DHT Holdings, Inc. Announces Third Quarter 2025 Results

DHT

Earnings

Dividends

Debt Issuance

DHT Holdings, Inc. reported shipping revenues of $107.2 million, profit after tax of $44.8 million, and basic EPS of $0.28 for the third quarter of 2025. The company's Adjusted EBITDA for the quarter was $57.7 million.
The company declared a cash dividend of $0.18 per share for the third quarter of 2025, payable on November 19, 2025.
As of September 30, 2025, DHT Holdings, Inc. maintained cash and cash equivalents of $81.2 million and reported net debt of $187.3 million.
During Q3 2025, the company recorded a $15.7 million gain from the sale of DHT Peony and secured new financing, including a $308.4 million senior secured credit facility for newbuildings and a $64 million revolving credit facility for a new vessel acquisition.
On October 13, 2025, Mr. Svein Moxnes Harfjeld, President & Chief Executive Officer, was appointed to the Board of Directors.

Oct 29, 2025, 8:32 PM

6-K

DHT Holdings Provides Q3 2025 Earnings Estimates and Q4 2025 Bookings Update

DHT

Earnings

Guidance Update

Debt Issuance

For the third quarter of 2025, DHT Holdings estimates its fleet's time charter equivalent earnings at $40,500 per day.
Thus far in the fourth quarter of 2025, 56% of available spot days have been booked at an average rate of $64,400 per day.
In September 2025, the Company entered into a $64 million revolving credit facility to finance the acquisition of the vessel DHT Nokota, which is expected to be delivered in the fourth quarter of 2025.

Oct 14, 2025, 4:17 AM

Press Release

DHT Holdings Addresses China's Special Port Fees for US-Linked Vessels

DHT

DHT Holdings issued a statement on October 13, 2025, in response to an October 10, 2025, announcement by China's Ministry of Transport concerning special port fees for US-linked vessels.
The company clarified that its vessels are not U.S.-linked, as they are owned by non-U.S. entities, built outside the U.S., and do not fly the U.S. flag. DHT is incorporated in the Marshall Islands and headquartered in Bermuda.
As of October 13, 2025, DHT is not aware of any U.S. shareholders or reporting groups that have disclosed ownership of 25% or more of its issued and outstanding shares or voting rights.
The two U.S. entities with over 5% ownership, Dimensional Fund Advisors LP (approximately 7.2%) and FMR LLC (approximately 15.1%), collectively hold less than the 25% threshold.

Oct 13, 2025, 8:22 PM

Press Release

Scorpio Tankers Announces Vessel Sales and Debt Update

DHT

Scorpio Tankers Inc. has entered into agreements to sell two 2019-built scrubber-fitted LR2 product tankers, STI Lobelia and STI Lavender, for $61.2 million per vessel, with sales expected to close within the fourth quarter of 2025.
These vessel sales, along with other debt repayments, are projected to reduce the Company's pro-forma net debt to $131.3 million as of September 25, 2025.
During the third quarter of 2025, Scorpio Tankers Inc. sold 4,778,000 common shares in DHT Holdings Inc. at an average price of $12.50 per share.
As of September 29, 2025, the Company currently owns 4,054,480 common shares in DHT Holdings Inc..