Record Net Profit and EBITDA
Hafnia achieved a net profit of $91.5 million and adjusted EBITDA of $150.5 million for Q3 2025, marking the best quarterly results of the year so far.
Strong Financial Position and Dividend Consistency
The company's net loan-to-value ratio improved from 24.1% to 20.5%, supported by strong operational cash flows. Hafnia declared a dividend payout ratio of 80%, amounting to $73.2 million, marking 15 consecutive quarters of dividend payments.
Strategic Fleet and Investment Moves
Hafnia sold four older vessels and announced a binding agreement to acquire 14.45% of TORM shares from Oaktree, pending the appointment of a new independent board chair at TORM.
Positive Market Outlook and Operational Efficiency
The product tanker market showed countercyclical strength with higher trading activity and tonne-miles. Hafnia secured 71% of Q4 earnings days at an average rate of $25,610 per day and 15% of 2026 earnings days at $24,506 per day.