Hafnia Limited completed the cancellation of 12,721,253 treasury shares on March 27 2026, finalising its $100 million buyback program that began on December 2 2024. The cancellation reduces the company’s outstanding share count and tightens the equity base, supporting the share price and improving per‑share metrics.
The buyback repurchased 14,382,255 shares for a total consideration of $76.69 million. An additional 40,000 treasury shares were cancelled, bringing the total shares cancelled to 12,721,253. The program was authorized for up to $100 million and was executed over the period from December 2 2024 to January 27 2025, with the final announcement made on March 27 2026.
The cancellation is part of Hafnia’s capital‑management strategy amid buoyant tanker markets. By reducing the share count, the company modestly lifts earnings per share and supports the share price. The move follows strong Q4 2025 results, where net profit rose to $109.7 million from $79.6 million in Q4 2024, and full‑year 2025 net profit fell to $339.7 million from $774 million in 2024, reflecting a shift in market dynamics.
CEO Mikael Skov highlighted the company’s commitment to shareholder returns, noting an 80 % payout ratio for Q4 and a total 2025 dividend of $0.5457 per share. The share cancellation aligns with Hafnia’s strategy to return capital while maintaining a strong balance sheet and supporting long‑term growth.
Analysts view the share cancellation as a positive signal of management confidence in the company’s prospects, noting that the buyback and dividend policy reinforce Hafnia’s shareholder‑friendly stance in a cyclical industry.
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