Hafnia reports strong Q3 2025 net profit, robust market performance

Hafnia Limited reported a Q3 2025 net profit of $91.5 million, its highest for the year, with fee-based businesses contributing $7.1 million. The company's net asset value (NAV) reached approximately $3.4 billion, translating to $6.76 per share, while the net Loan-to-Value (LTV) ratio improved to 20.5%. Hafnia will distribute a dividend of $0.1470 per share, representing an 80% payout ratio for the quarter.

The company's TCE earnings for Q3 2025 stood at $247.0 million, with an average TCE of $26,040 per day, contributing to an Adjusted EBITDA of $150.5 million. Fleet renewal efforts included the divestment of four older vessels and a preliminary agreement to acquire 14.45% of Torm shares. Looking ahead, 71% of Q4 2025 earning days are covered at an average of $25,610 per day, with a 2026 operational cash flow breakeven expected below $13,000 per day.