Hafnia reported adjusted EPS of $0.36, surpassing forecasts, as revenue rose 21% year-over-year to $412.9 million.
Hafnia Limited (HAFN) posted first-quarter adjusted earnings per share of $0.36, beating analyst estimates of $0.29 by $0.07. Revenue climbed to $412.9 million, a 21% increase from $340.3 million in the same period last year, driven by higher tanker rates amid geopolitical disruptions.
Net profit surged to $179.7 million from $63.2 million year-over-year, while Time Charter Equivalent earnings reached $282.5 million, up from $218.8 million. The company’s average TCE rate hit $30,327 per day, and adjusted EBITDA rose to $198.6 million from $125.1 million.
Hafnia declared a quarterly dividend of $0.2877 per share, reflecting an 80% payout ratio. Shares dipped 0.54% in premarket trading as investors weighed the strong results against broader market volatility.