Loading...
•
Jun 30
Hafnia Ltd Q2 2025 Earnings Report
Hafnia reported a profitable second quarter, though results declined versus last year due to lower vessel values and scheduled off-hire days.
Key Takeaways
Hafnia posted solid earnings in Q2 2025 with a net income of $75.3M and strong TCE income despite lower NAV and fewer operating days due to scheduled drydocking.
Net income for Q2 2025 was $75.3 million, impacted by scheduled vessel drydocking.
TCE income reached $231.2 million with average earnings of $24,452 per day.
Adjusted EBITDA declined to $134.2 million from $317.1 million a year ago.
Net asset value fell to $3.3 billion, mainly due to decreased vessel valuations.
Hafnia Ltd
Hafnia Ltd
Hafnia Ltd Revenue by Segment
Revenue by Segment
TCE income Revenue
CapyFin.comCommercial pool income Revenue
CapyFin.com Forward Guidance
Management expects strong performance to continue into Q3 2025 driven by robust demand and favorable market conditions.
Positive Outlook
- 75% of Q3 2025 earning days already covered at $25,395/day.
- Refining margins and trade volumes remain strong.
- OPEC production increases supporting tanker demand.
- New joint venture operations initiated in Q2.
- Strong liquidity following $715M credit facility.
Challenges Ahead
- 510 off-hire days expected in Q3 from scheduled drydockings.
- Vessel values declined impacting NAV.
- Market still awaiting meaningful vessel scrapping.
- Geopolitical tensions and sanctions could disrupt trade routes.
- Aging fleet may pressure operating efficiency in future.