Höegh Autoliners (ticker code: HAUTO) reported solid financial performance for the first quarter of 2025. Gross revenue reached USD 329 million (NOK 3,559 million), operating profit (EBITDA) was USD 155 million (NOK 1,671 million), and net profit after tax was USD 155 million (NOK 1,672 million).
Highlights of the Quarter
-
Operating profit (EBITDA) of USD 155 million and net profit after tax of USD 155 million.
-
Historic strong contract backlog with an increase in contract share of approximately 7% from Q4 2024.
-
Signed two long-term contracts with major international car producers, each valued above USD 100 million.
-
Exercised option to purchase the leased vessel Höegh Copenhagen.
-
Höegh New York delivered to its new owner.
-
Paid Q4 2024 dividend of USD 90 million in March 2025.
-
Declared a Q1 2025 dividend of USD 158 million (USD 0.8282 per share), to be paid in May 2025.
CEO Comment
Andreas Enger, CEO of Höegh Autoliners, stated:
“Höegh Autoliners continued to deliver solid financial results amid ongoing global uncertainties and heightened geopolitical tensions. In the first quarter, we achieved an operating profit of USD 155 million and a net profit after tax of USD 155 million. We further
strengthened our long-term outlook by securing two additional multiyear
contracts, bringing our total contract share to over 80%. This reflects our
strategic commitment to growing contract cargo proportion with key customers and
ensuring higher fleet utilization as we navigate the next phase of the market
cycle. On the capacity side, all four of our newbuild vessels are now fully
operational, significantly enhancing our cargo lifting capacity for the coming
months. As part of our ongoing commitment to delivering value to our
shareholders, I’m pleased to announce a quarterly dividend of USD 158 million to
be distributed in May. I want to sincerely thank our dedicated employees,
trusted partners, and customers for their continued support. Together, we are
well-positioned to meet the challenges ahead.”
Geopolitical uncertainties have intensified since early 2025, particularly following the announcement of US tariffs and port fees. If fully materialized, these measures could reduce transported volumes and increase operational costs for US-calling vessels.
The situation in the Red Sea continues to be monitored closely, but no resumption of trading through the area is expected in the near term.
Höegh Autoliners expects Q2 2025 EBITDA to be in line with Q1 2025.
The Q1 2025 report is attached. CEO Andreas Enger and CFO Espen Stubberud will present the results at 08:30 CET today. The presentation, held in English, will be available on the company’s website at 07:30 CET. A recorded version of the webcast will be posted after the event.
Did you subscribe to our daily Newsletter?
It’s Free Click here to Subscribe!
Source: Höegh Autoliners
