Hafnia Limited (HAFNI) Earnings Call Transcripts

Hafnia Limited's Latest Earnings Call - Q1 FY2026

In Q1 2026, Hafnia Limited reported a net profit of $179.7 million, nearly tripling the $61.6 million from Q1 2025, driven by higher freight rates and a tighter tanker supply due to geopolitical disruptions. Revenue from time charter equivalent (TCE) income reached $282.5 million, up from $218.8 million year-over-year. Management expects a stronger Q2, having secured 73% of earnings days at an average rate of $46,600 per day, supporting guidance for full-year net income between $700 million and $1 billion, depending on market conditions.

Reported metrics

Guidance from management

Management expects a stronger Q2 2026, with earnings days covered at an average rate of $46,600 per day. Full-year net income is projected between $700 million and $1 billion, depending on market scenarios.

What management said

Well, you can say we have actually increased our coverage to some extent, you are sitting somewhere between 25% and 30% coverage for half year now. And well, yes, spot charter rates are compelling. But this is -- for us, is a hedge against geopolitical unrest really and a future that is very hard to predict or at least to set a timing on my [indiscernible

What analysts pressed on

Analysts expressed concerns regarding the winding down of Handy and LR2 operations, questioning the impact on scale and risk management. There were also inquiries about the timing of newbuild investments amidst market uncertainty.

Main topics on the call

• Geopolitical Impact on Freight Rates — The closure of the Strait of Hormuz has significantly affected global oil trade flows, leading to higher freight rates. CEO Michael Skov noted, "The first quarter was a transformative quarter for the tanker industry larg...
• Fleet Renewal Strategy — Hafnia announced the signing of a contract for 8 new MR newbuilds, with deliveries expected between Q3 2028 and Q2 2029. This is part of their strategy to modernize the fleet and reduce average fleet age, as stated by Sk...
• Strong Cash Flow and Dividends — The company declared a cash dividend of $143.8 million, translating to $0.2877 per share, representing an annualized yield of 14%. This reflects Hafnia's commitment to shareholder returns, having paid dividends for 17 co...
• Market Outlook and Inventory Dynamics — Management highlighted a projected cumulative inventory drawdown of 900 million barrels by September 2026, indicating a tightening market. They expect continued strength in freight rates supported by structural fleet tig...

Read the full Hafnia Limited transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 22 Hafnia Limited earnings call transcripts on record, spanning May 26, 2020 to May 27, 2026. Based on this history, Hafnia Limited reports quarterly. The most recent call on file is dated May 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

HAFNI

Exchange

OB

Country

NO

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

22

First call

May 26, 2020

Most recent

May 27, 2026

Reporting cadence

quarterly