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Hafnia Ltd. (DE:RE0)
:RE0
Earnings Data
Report Date
May 15, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.17Last Year’s EPS
0.41Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 13.25%
|Next Earnings Date:May 15, 2025
Earnings Call Sentiment|Positive
Hafnia reported strong financial performance and significant shareholder returns, with positive developments in fleet expansion and sustainability efforts. However, challenges such as pressure on tanker rates and increased net loan-to-value ratio due to declining vessel market values were noted. The market outlook remains positive for 2025, despite these challenges.Company Guidance
During Hafnia's fourth-quarter 2024 financial results presentation, CEO Mikael Skov highlighted the company's strong performance despite moderated market conditions, with a net profit of $79.6 million in the fourth quarter and a full-year net profit of $774 million. Hafnia's total TCE income for the year was $1.4 billion, supported by adjacent businesses contributing $35.2 million in revenue. The company's net asset value as of December 31, 2024, was approximately $3.8 billion, translating to an NAV per share of $7.63. Hafnia completed a share buyback program, repurchasing 14.4 million shares at an average price of $5.33 per share, using a total consideration of $76.7 million. This contributed to a total shareholder payout of $640.8 million for the year, representing a payout ratio of 82.8%. The company's net loan-to-value ratio increased to 23.2% due to a decline in vessel market values, and a dividend of $0.0294 per share was announced for the quarter. The call also covered Hafnia's sustainability initiatives and an outlook for the product tanker market.Strong Full Year Financial Performance
Hafnia achieved a full year net profit of $774 million with a total TCE income of $1.4 billion. The adjacent fee-generating businesses contributed $35.2 million in full year revenue.
Fleet Expansion and Sustainability Initiatives
Hafnia expanded its fleet with the addition of Ecomar Gascogne, a dual-fuel methanol vessel, marking progress in its decarbonization journey.
Significant Shareholder Returns
The company completed a $76.7 million share buyback at approximately 70% of NAV and declared dividends for a total shareholder payout of $640.8 million, representing a payout ratio of 82.8%.
Positive Market Outlook
Hafnia projects robust net profits of $300 million to $400 million for 2025, with a constructive outlook for the product tanker segment supported by strong market fundamentals.
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DE:RE0 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:RE0 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | €4.68 | €4.06 | -13.25% |
| Nov 27, 2024 | €4.61 | €5.06 | +9.69% |
| Aug 23, 2024 | €6.12 | €6.26 | +2.32% |
| May 15, 2024 | €6.55 | €6.55 | +0.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hafnia Ltd. (DE:RE0) report earnings?
Hafnia Ltd. (DE:RE0) is schdueled to report earning on May 15, 2025, TBA Not Confirmed.
What is Hafnia Ltd. (DE:RE0) earnings time?
Hafnia Ltd. (DE:RE0) earnings time is at May 15, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Hafnia Ltd. stock?
The P/E ratio of Hafnia is N/A.
What is DE:RE0 EPS forecast?
DE:RE0 EPS forecast for the fiscal quarter 2025 (Q1) is 0.17.
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