Hafnia Ltd. ( (HAFN) ) has released its Q4 earnings. Here is a breakdown of the information Hafnia Ltd. presented to its investors.
Hafnia Ltd. is a leading company in the maritime industry, specializing in the transportation of refined oil products and chemicals through its extensive fleet of tankers. The company is known for its strategic investments in sustainable maritime solutions and its commitment to innovation in the shipping sector.
Hafnia Ltd. reported a net profit of USD 79.6 million for the fourth quarter of 2024, bringing the full-year net profit to USD 774.0 million. Despite a softer market in the fourth quarter, the company maintained strong performance, supported by its fee-generating business segments and strategic share buybacks.
Key financial highlights include a Time Charter Equivalent (TCE) earnings of USD 233.6 million for Q4 and USD 1,391.3 million for the full year. The company executed a share buyback program, repurchasing approximately 2.8% of outstanding shares, and declared a quarterly dividend of USD 0.0294 per share, reflecting a payout ratio of 80%.
Looking forward to 2025, Hafnia remains optimistic about its market position, with strong global demand and strategic fleet renewals supporting its outlook. The company is focused on leveraging its fleet capabilities and investing in technology to drive sustainable growth in the evolving maritime landscape.