Hafnia Ltd. (DE:RE0)
NYSE:RE0
Earnings Data
Report Date
May 25, 2026TBA (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.25Last Year’s EPS
0.11Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed solid operational and financial results (strong Q4/net profit, robust TCE rates and coverage, consistent dividends and active fleet renewal) alongside constructive market fundamentals (cargo volumes, sanction-driven supply constraints). Key risks include a rise in net leverage from the Torm investment, temporary off-hire/dry-docking impacts, capped freight upside from newbuild deliveries and geopolitical uncertainty. On balance, the positives — profitable quarter and year, strong shareholder returns, favorable fleet age and liquidity — outweigh the near-term headwinds and risks.Company Guidance
Strong Quarterly and Full-Year Profitability
Q4 net profit of $109.7M and adjusted EBITDA of $149.7M; full year 2025 net profit of $339.7M. Q4 included $9.5M of gains on vessel sales.
Robust TCE and Coverage
Q4 TCE income of $259M with an average TCE of $27,346/day. As of 11 February, 76% of Q1 earning days were secured at an average of $29,979/day; 33% of 2026 earning days already covered at an average of $27,972/day. These rates are well above Hafnia's operational cash-flow breakeven (below ~$13,000/day).
Strong Returns to Shareholders and Dividend Policy
Declared an 80% payout ratio for Q4 resulting in a Q4 cash dividend of $87.7M ($0.1762/share) and full-year dividends of $271.7M ($0.5557/share) representing ~10% yield. Including 2025 buybacks, returned 88.1% of net profit to shareholders; total shareholder return of 33% over the past year.
Healthy Balance Sheet and Liquidity
Net LTV at quarter-end was 24.9% (up from 20.5% at Q3 end). Cash on hand $104M plus $324M undrawn capacity, totaling approximately $428M available liquidity. Net asset value of ~$3.5B (≈ $7.04/share).
Fleet Renewal and Operational Positioning
Owned/chartered fleet of 123 vessels with average age 9.7 years vs industry average 14.1 years (≈4.4 years younger, ~31% lower), continued divestment of older tonnage (sold 2 MRs in Q1 and committed to sell 2 more MRs, 4 LR1s and 4 Handys). Took delivery of Ecomar Gironde (4th dual-fuel IMO II MR in Ecomar JV).
Fee-Based and Third-Party Earnings
Fee-based businesses contributed $6.9M in fee income in Q4; operations across ~65 third-party vessels contributed roughly $30M in earnings for full year 2025.
Market Fundamentals Supportive
Management highlighted improving demand fundamentals: clean product cargo volumes at highest levels in 9 years, dirty petroleum product tonne miles up by ~2 billion in 2026, and limited effective clean product tanker supply growth (~0.6% net growth in clean supply for 2025).
Strategic Investment and M&A Activity
Acquired 13.97% stake in Torm and engaged with its stakeholders to explore a potential combination, citing strategic, commercial and financial synergies and potential valuation uplift.
DE:RE0 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:RE0 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | €5.92 | €6.36 | +7.47% |
Aug 27, 2025 | €4.64 | €4.76 | +2.65% |
May 15, 2025 | €3.99 | €4.26 | +6.71% |
Feb 27, 2025 | €4.26 | €3.69 | -13.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Hafnia Ltd. (DE:RE0) report earnings?
Hafnia Ltd. (DE:RE0) is schdueled to report earning on May 25, 2026, TBA (Confirmed).
What is Hafnia Ltd. (DE:RE0) earnings time?
Hafnia Ltd. (DE:RE0) earnings time is at May 25, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Hafnia Ltd. stock?
The P/E ratio of Hafnia is N/A.
What is DE:RE0 EPS forecast?
DE:RE0 EPS forecast for the fiscal quarter 2026 (Q1) is 0.25.