Research analysts who have asked questions during Hafnia earnings calls.
Omar Nokta
Jefferies
5 questions for HAFN
Also covers: AMKBY, ASC, CCEC +21 more
Frode Morkedal
Clarksons Securities AS
4 questions for HAFN
Also covers: CLCO, CMBT, DHT +4 more
Gregory Lewis
BTIG, LLC
2 questions for HAFN
Also covers: BLBD, BTDR, CIFR +26 more
Clement Morlans
Pareto Securities
1 question for HAFN
Kristoffer Skeie
Arctic Securities
1 question for HAFN
Also covers: CMBT, ESEA, SHIP
Petter Haugen
ABG Sundal Collier
1 question for HAFN
Also covers: BWLP, CLCO, DHT +3 more
Sherif Elmaghrabi
BTIG
1 question for HAFN
Also covers: BE, DHT, FIP +12 more
Recent press releases and 8-K filings for HAFN.
Hafnia fulfills conditions for TORM share acquisition
HAFN
M&A
New Projects/Investments
- Hafnia Limited announced on December 18, 2025, that all conditions precedent have been fulfilled for its acquisition of approximately 14.1 million A-shares in TORM plc from Oaktree Capital Management, L.P. and its affiliates.
- This acquisition will represent approximately 13.97% of TORM's issued share capital.
- The completion of the acquisition is expected to take place shortly.
15 hours ago
Hafnia Reports Strong Q3 2025 Results and Details TORM Share Acquisition
HAFN
Earnings
Dividends
M&A
- Hafnia reported strong Q3 2025 financial results, including a TCE income of $247 million, adjusted EBITDA of $150.5 million, and a net profit of $91.5 million or $18 per share.
- The company declared a dividend of $14.7 per share for Q3 2025, distributing 80% of its net profit in accordance with its dividend policy, which links payout to loan-to-value.
- Hafnia reached a binding agreement to acquire 14.1 million TORM shares from Oaktree, a transaction awaiting the appointment of a new independent board chair for TORM. This investment will be factored into Hafnia's net loan-to-value calculation, affecting its dividend policy.
- Q3 2025 was an uncharacteristically strong quarter, with the company anticipating continued strength into the winter market (Q4, Q1) driven by factors such as near-zero fleet additions to product tankers, refinery closures, and longer voyages.
Dec 2, 2025, 10:00 AM
Hafnia Reports Q3 2025 Financial Results and Strategic Updates
HAFN
Earnings
Dividends
M&A
- Hafnia reported Q3 2025 adjusted EBITDA of $150.5 million and a net profit of $91.5 million, or $18 per share. For the first three quarters of the year, adjusted EBITDA was close to $410 million.
- The company announced a dividend payout of $14.7 per share for Q3 2025, representing 80% of net profit in line with its dividend policy.
- Hafnia entered a preliminary agreement to acquire 14.1 million TORM shares, a transaction that will impact its loan-to-value (LTV) calculation by including the financial investment in TORM.
- As of mid-November, Hafnia had 71% of its Q4 2025 bookings covered at rates close to $26,040-$25,600.
- The company anticipates a strong winter market, driven by factors such as near zero fleet addition into product tankers, European refinery closures, and increased demand for longer voyages.
Dec 2, 2025, 10:00 AM
Hafnia Reports Strong Q3 2025 Results, Acquires TORM Shares, and Updates Dividend Policy
HAFN
Earnings
M&A
Dividends
- Hafnia reported a net profit of $91.5 million or $18 per share for Q3 2025, with TCE income of $247 million and an adjusted EBITDA of $150.5 million.
- The company announced a binding agreement to acquire 14.1 million TORM shares from Oaktree, which led to an updated dividend policy that includes the TORM investment in the net Loan-to-Value (LTV) calculation.
- Hafnia will distribute 80% of its net profit as dividends, amounting to $73.2 million or $14.7 per share for Q3 2025.
- For Q4 2025, as of mid-November, 71% of bookings were covered at rates around $26,040-$25,600, with expectations for a strong winter market driven by factors such as near-zero fleet addition to product tankers, refinery closures, and longer voyages.
- The company is undergoing fleet modernization, including the sale of four older MRs, and experienced 230 extra dry docking days in Q3 2025, primarily for chemical tankers, with this schedule expected to decrease in Q4 2025 and 2026.
Dec 2, 2025, 10:00 AM
Hafnia Reports Strong Q3 2025 Results and Declares Dividend
HAFN
Earnings
Dividends
Guidance Update
- Hafnia reported its best quarter of 2025 so far, with Q3 2025 adjusted EBITDA of $150.5 million and a net profit of $91.5 million.
- The company declared a cash dividend of $0.1470 per share for Q3 2025, maintaining an 80% payout ratio, and has now delivered 15 consecutive quarters of dividend payments.
- Hafnia's financial position strengthened, with the net loan-to-value (LTV) ratio improving to 20.5% in Q3 2025 from 24.1% in Q2 2025, and it has secured 71% of its Q4 2025 earning days at an average rate of $25,610 per day.
- The company expects full-year 2025 net profits to be in the range of $300 million-$350 million and has reduced its weighted average debt margins by over 50 basis points across 2025.
Dec 1, 2025, 1:30 PM
Hafnia reports strong Q3 2025 results and announces TORM share acquisition
HAFN
Earnings
Dividends
M&A
- Hafnia reported strong Q3 2025 financial results, with adjusted EBITDA of $150.5 million and a net profit of $91.5 million, marking its best quarter of the year.
- The company declared a cash dividend of $73.2 million or $0.1470 per share, reflecting an 80% payout ratio and extending its record to 15 consecutive quarters of dividend payments.
- Hafnia's financial position strengthened, with the net loan-to-value ratio improving to 20.5% from 24.1% in Q2, partly due to repurchasing $100 million in vessels under sale and leaseback financings.
- Strategically, Hafnia announced a preliminary agreement to acquire 14.45% of TORM shares and sold four older vessels as part of its fleet renewal. The company projects full-year 2025 net profits between $300 million and $350 million.
Dec 1, 2025, 1:30 PM
Hafnia Reports Strong Q3 2025 Results and Declares Dividend
HAFN
Earnings
Dividends
M&A
- Hafnia reported Q3 2025 adjusted EBITDA of $150.5 million and a net profit of $91.5 million, marking its best quarter of the year.
- The company declared a cash dividend of $0.1470 per share for Q3 2025, representing an 80% payout ratio, and has now made 15 consecutive dividend payments.
- Hafnia's financial position improved, with the net loan-to-value ratio decreasing to 20.5% from 24.1% in Q2, and it used $100 million to repurchase vessels under sale and leaseback financings.
- The company announced a preliminary agreement to acquire 14.45% of TORM shares and has secured 71% of its Q4 2025 earning days at an average rate of $25,610 per day, projecting full-year 2025 net profits between $300 million and $350 million.
Dec 1, 2025, 1:30 PM
Hafnia Limited Announces Financial Results For The Three and Nine Months Ended 30 September 2025
HAFN
Earnings
Dividends
Guidance Update
- Hafnia Limited reported a net profit of USD 91.5 million or USD 0.18 per share for Q3 2025, compared to USD 215.6 million or USD 0.42 per share in Q3 2024. For the nine months ended September 30, 2025, net profit was USD 230.0 million or USD 0.46 per share, down from USD 694.4 million or USD 1.36 per share in YTD 9M 2024.
- The company will distribute a dividend of USD 0.1470 per share for Q3 2025, corresponding to an 80% payout ratio. The record date for this dividend is December 9, 2025.
- As of November 14, 2025, 71% of the total earning days of the fleet were covered for Q4 2025 at an average of USD 25,610 per day.
- At the end of Q3 2025, Net Asset Value (NAV) was approximately USD 3.4 billion, or USD 6.76 per share, and the net Loan-to-Value (LTV) ratio improved to 20.5%.
Dec 1, 2025, 11:17 AM
Hafnia enters binding agreement to acquire 14.45% of TORM shares
HAFN
M&A
New Projects/Investments
Dividends
- Hafnia Limited has entered into a binding share purchase agreement with Oaktree Capital Management, L.P. to acquire approximately 14.1 million A shares in TORM plc, representing 14.45% of TORM's issued share capital, for a total purchase price of US$ 311,433,342 at US$ 22 per share.
- Completion of the acquisition is subject to customary conditions, including obtaining required regulatory clearances and the appointment of a new independent board chair of TORM.
- Hafnia clarified its net loan-to-value (LTV) definition for dividend calculation, stating that the TORM investment will be included at the lower of its market value or purchase price.
- Hafnia plans to pay an 80% dividend of net profit for Q3 2025.
Sep 11, 2025, 12:32 PM
Hafnia shares trade ex-dividend for Q2 2025
HAFN
Dividends
- Hafnia Limited's shares began trading ex-dividend on the Oslo Stock Exchange on September 3, 2025.
- The ex-dividend amount is USD 0.1210.
- The shares will trade ex-dividend on the New York Stock Exchange starting September 4, 2025.
- This dividend relates to the second quarter of 2025.
Sep 3, 2025, 2:01 PM
Quarterly earnings call transcripts for Hafnia.
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