Hafnia Limited Q1 2026 Financial Results: Strong Earnings Amid Geopolitical Disruption

Hafnia Limited reported strong Q1 2026 financial results with net profit of USD 179.7 million, up significantly from USD 63.2 million in Q1 2025. The quarter was defined by unprecedented geopolitical disruption including the closure of the Strait of Hormuz, which reshaped global oil trade flows and removed 12.8 million barrels per day from global supply. Despite this, Hafnia achieved average fleet TCE of USD 30,327 per day and adjusted EBITDA of USD 198.6 million. The company announced an 80% payout ratio dividend of USD 143.8 million (USD 0.2877 per share). Net asset value rose to approximately USD 4.0 billion, with net loan-to-value ratio decreasing to 20.2%. Hafnia continued its fleet renewal strategy, divesting older vessels and ordering newbuilds, while its 13.97% investment in TORM contributed USD 9.9 million in dividend income with an unrealized fair value gain of USD 117.8 million.