Hafnia Limited reported fourth‑quarter 2025 results, posting a net profit of $109.7 million, up from $95.3 million in the same period a year earlier. The company also delivered a full‑year net profit of $339.7 million, a decline of 12% from $384.8 million in 2024, largely due to higher maintenance costs and a one‑time vessel sale gain.
Revenue for the quarter reached $368.4 million, a 38.1% increase over the consensus estimate of $266.8 million and a 4.4% rise from the $352.8 million reported in Q4 2024. The surge was driven by strong demand for clean petroleum products and a shift of long‑range 2 vessels into dirty trading, which lifted freight rates.
Earnings per share matched the consensus estimate of $0.22, a beat of $0.00 but a match that still reflects disciplined cost management. Management attributed the strong revenue performance to higher freight rates and a favorable mix of cargoes, while noting that off‑hire days rose to 550 due to unscheduled repairs, a headwind that will be mitigated in the first quarter of 2026.
Hafnia declared a cash dividend of $0.1762 per share for the quarter, with a record date of March 6 2026. The full‑year dividend payout reached $0.5457 per share, giving a dividend yield of roughly 10% based on the year‑end share price. The dividend policy signals the company’s confidence in its cash‑flow generation while maintaining a strong balance sheet.
Management guided that off‑hire days in Q1 2026 would fall to about 180, a reduction of 67% from the current quarter, and that earning days would be secured at a strong average rate of $29,979 per day. The guidance indicates a rebound in operational efficiency and a positive outlook for the coming quarter.
The announcement was well received by investors, with analysts noting the strong revenue beat and clear guidance.
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