Research analysts who have asked questions during Hafnia earnings calls.
Omar Nokta
Jefferies
5 questions for HAFN
Also covers: AMKBY, ASC, CCEC +21 more
FM
Frode Morkedal
Clarksons Securities AS
4 questions for HAFN
Also covers: CLCO, CMBT, DHT +5 more
GL
Gregory Lewis
BTIG, LLC
2 questions for HAFN
Also covers: ABTC, BLBD, BTDR +27 more
CM
Clement Morlans
Pareto Securities
1 question for HAFN
Kristoffer Skeie
Arctic Securities
1 question for HAFN
Also covers: CMBT, ESEA, NMM +2 more
PH
Petter Haugen
ABG Sundal Collier
1 question for HAFN
Also covers: BWLP, CLCO, CMBT +4 more
SE
Sherif Elmaghrabi
BTIG
1 question for HAFN
Also covers: BE, DHT, FIP +13 more
Recent press releases and 8-K filings for HAFN.
Hafnia reports strong Q4 2025 results and discusses market outlook
HAFN
Earnings
Dividends
M&A
- Q4 2025 was Hafnia's strongest quarter of the year, with net profit of $109.7 million and an 80% dividend payout, reflecting robust market conditions and adherence to the company's dividend policy tied to net loan-to-value ratios.
- The company’s market cap reached $3.7 billion, up 30% year-to-date, driven by strong performance in the spot market and active fleet management, including ownership and control of nearly 200 vessels.
- Hafnia continues to focus on cost control, maintaining a low fixed cost base and outperforming peers in shareholder returns, with a three-year return of 75.3%, the highest in its peer group.
- The company acquired a 14% stake in TORM as part of its consolidation strategy, viewing scale as critical for future shareholder value and industry positioning.
- Management highlighted ongoing industry tailwinds, including strong demand, low net fleet supply growth, and the impact of sanctioned/dark fleet vessels, but remains cautious about 2026 due to potential shifts in the sanctioned fleet and order book dynamics.
22 hours ago
Hafnia Reports Strong Q4 2025 Results, Highlights Market Strength, and Discusses Consolidation
HAFN
Earnings
Dividends
M&A
- Hafnia reported a net profit of $109.7 million for Q4 2025 and decided to pay out 80% of that in dividend.
- The company's market cap increased by 30% this year, reaching $3.7 billion.
- Hafnia emphasized its highest shareholder returns in the peer group over 3 years, at 75.3%, and maintains a low fixed cost base.
- The market is experiencing strong conditions in Q4 2025 and Q1 2026, driven by factors such as the loss of ships to the crude market, geopolitical uncertainty, and the reduced utilization of sanctioned/dark fleet vessels, leading to more demand for compliant tonnage.
- Hafnia is actively pursuing consolidation to achieve better valuation and future transition capabilities, as demonstrated by its 14% investment in TORM.
23 hours ago
Hafnia Reports Strong Q4 2025 Net Profit and Discusses Market Dynamics and Consolidation
HAFN
Earnings
Dividends
M&A
- Hafnia reported a net profit of $109.7 million for Q4 2025 and decided to pay out 80% of that in dividends, adhering to its policy based on net loan-to-value.
- Q4 2025 was the strongest quarter of the year, with market strength continuing into Q1 2026, driven by a strong crude market pulling vessels, geopolitical uncertainties increasing ton-miles, and a low net supply of ships due to LR2 vessels carrying crude and the impact of the sanctioned/dark fleet.
- The company has invested in 14% of TORM, viewing it as a good investment and a geared play into the product tanker market, while also emphasizing the potential for significant valuation expansion and cost synergies through consolidation.
- Hafnia focuses on innovation and active management, including strategic projects like Complexio, which uses AI to automate processes and generate savings, ensuring technology investments provide a return.
23 hours ago
Hafnia Reports Strong Q4 2025 Results, Declares Dividend, and Invests in TORM
HAFN
Earnings
Dividends
M&A
- Hafnia reported a net profit of $109.7 million for Q4 2025 and $339.7 million for the full year 2025, reflecting strong market conditions.
- The company declared a Q4 2025 cash dividend of $87.7 million, or $0.1762 per share, representing an 80% payout ratio, and returned 88.1% of its net profit to shareholders for the full year 2025, including share buybacks.
- Hafnia acquired 13.97% of TORM's shares in December 2025 and is exploring a potential combination, citing strategic rationale for enhanced market presence and trading liquidity.
- The product tanker market remained seasonally firm in Q4 2025, with Hafnia securing 76% of its Q1 2026 earning days at an average rate of $29,979 per day and 33% of full year 2026 at $27,972 per day, indicating strong earnings momentum for 2026.
2 days ago
Hafnia Reports Strong Q4 and Full-Year 2025 Results, Declares Dividend, and Pursues TORM Combination
HAFN
Earnings
Dividends
M&A
- Hafnia delivered a net profit of $109.7 million for Q4 2025, contributing to a full-year net profit of $339.7 million for 2025, supported by seasonally firm market conditions.
- The company declared a Q4 dividend of $0.1762 per share, totaling $87.7 million, representing an 80% payout ratio. For the full year 2025, total dividends amounted to $0.5557 per share, with 88.1% of net profit returned to shareholders including share buybacks.
- Hafnia's net LTV increased to 24.9% at the end of Q4 2025, and it maintains a strong liquidity position with $430 million in total availability.
- In December 2025, Hafnia acquired 13.97% of TORM's shares from Oaktree and is engaging with TORM stakeholders to explore a potential combination, citing strong strategic rationale and synergies.
- As of Q4 2025, Hafnia's fleet comprised 123 owned or chartered vessels with an average age of 9.7 years, and the company continues its fleet renewal strategy by divesting older vessels. The product tanker market experienced limited net fleet growth in 2025, with approximately 0.6% net growth in clean product tanker supply.
2 days ago
Hafnia reports strong Q4 and full-year 2025 results, declares dividend, and discusses TORM investment
HAFN
Earnings
Dividends
M&A
- Hafnia delivered its strongest quarter of 2025 with a net profit of $109.7 million in Q4, contributing to a full-year 2025 net profit of $339.7 million. The company also reported an adjusted EBITDA of $149.7 million for Q4 2025.
- In line with its 80% payout ratio policy, Hafnia declared a Q4 cash dividend of $87.7 million, or $0.1762 per share, bringing the total dividends for full year 2025 to $271.7 million, or $0.5557 per share.
- As of February 11, Hafnia secured 76% of its Q1 2026 earning days at an average rate of $29,979 per day, with 33% of full year 2026 earning days covered at $27,972 per day.
- The company acquired 13.97% of TORM's shares in December 2025 and is engaging with TORM stakeholders to explore a potential combination, seeing strong strategic rationale.
- The product tanker market remained seasonally firm in Q4 2025, with limited overall net fleet growth for clean product tankers at approximately 0.6% in 2025, and an optimistic outlook for Q2 2026.
2 days ago
Hafnia Limited Announces Q4 and Full Year 2025 Financial Results
HAFN
Earnings
Dividends
M&A
- Hafnia Limited reported a net profit of USD 109.7 million or USD 0.22 per share for Q4 2025, and a full-year net profit of USD 339.7 million or USD 0.68 per share for 2025.
- The company will distribute a dividend of USD 0.1762 per share for Q4 2025, corresponding to an 80% payout ratio, bringing total dividends for 2025 results to USD 0.5457 per share.
- Time Charter Equivalent (TCE) earnings were USD 259.0 million in Q4 2025 and USD 955.9 million for the full year 2025, with Adjusted EBITDA at USD 149.7 million and USD 559.5 million respectively.
- Hafnia completed the acquisition of 13.97% of TORM shares on December 22, 2025, viewing it as a long-term value creation opportunity.
- As of February 11, 2026, 76% of Q1 2026 earning days were covered at USD 29,979 per day, following a strengthening product tanker market in the second half of 2025.
2 days ago
Hafnia completes acquisition of TORM plc shares
HAFN
M&A
New Projects/Investments
- Hafnia Limited announced on December 22, 2025, the completion of its acquisition of approximately 14.1 million A shares in TORM plc.
- This acquisition represents approximately 13.97% of TORM plc's issued share capital.
- The shares were acquired from Oaktree Capital Management, L.P. and its affiliates.
- Hafnia also indicated the possibility of exploring a business combination transaction with TORM.
Dec 22, 2025, 9:39 PM
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.
Dec 18, 2025, 11:14 AM
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
Quarterly earnings call transcripts for Hafnia.
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