Hafnia Tops Earnings Forecasts as Investors Assess Volatile Market Conditions (HAFN)

Hafnia Limited (NYSE:HAFN) reported first-quarter results connected Wednesday that came successful up of expert expectations, though the company’s shares slipped somewhat successful premarket trading arsenic investors remained cautious astir the outlook for planetary shipping markets amid ongoing geopolitical instability.

Shares of the merchandise tanker relation fell 0.54% successful premarket trading pursuing the net release.

The institution posted adjusted net per stock of $0.36 for the 4th ended March 31, exceeding expert forecasts of $0.29 by $0.07.

Quarterly gross reached $412.9 million, comfortably supra expert expectations of $293.34 cardinal and representing a 21% summation compared with $340.3 cardinal successful the archetypal 4th of 2025.

Net nett roseate sharply to $179.7 cardinal from $63.2 cardinal successful the aforesaid play past year.

Hafnia’s Time Charter Equivalent net accrued to $282.5 cardinal from $218.8 cardinal a twelvemonth earlier, resulting successful an mean TCE complaint of $30,327 per day.

Adjusted EBITDA climbed to $198.6 million, compared with $125.1 cardinal successful the corresponding 4th of 2025.

“The archetypal 4th of 2026 was defined by a geopolitical disruption to planetary lipid markets without modern precedent. The closure of the Strait of Hormuz fundamentally reshaped planetary crude and refined merchandise commercialized flows,” said CEO Mikael Skov.

The institution declared a quarterly dividend of $0.2877 per share, representing an 80% payout ratio and a full shareholder organisation of $143.8 million.

Hafnia’s nett plus worth accrued to astir $4.0 billion, oregon $8.09 per share, up from $3.5 cardinal astatine the extremity of the 4th fourth of 2025.

Looking ahead, Hafnia said that arsenic of May 13, astir 73% of its full earning days for the 2nd 4th of 2026 had already been booked astatine an mean complaint of $46,600 per day, supporting expectations for stronger show successful the existent 4th compared with the archetypal quarter.

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