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Condensed Financial Information of DHT Holdings, Inc. (parent company only) (Tables)
12 Months Ended
Dec. 31, 2024
Condensed Financial Information of DHT Holdings, Inc. (parent company only) [Abstract]  
Condensed Statement of Financial Position

Condensed Statement of Financial Position
 

 
December 31,
   
December 31,
 
(Dollars in thousands)
 
2024
   
2023
 
ASSETS
           
Current assets
           
Cash and cash equivalents
 
$
18,573
   
$
8,912
 
Accounts receivable and prepaid expenses
   
580
     
644
 
Amounts due from related parties
   
89,976
     
49,368
 
Total current assets
 
$
109,129
   
$
58,924
 
                 
Investments in subsidiaries
 
$
757,671
   
$
722,671
 
Total non-current assets
 
$
757,671
   
$
722,671
 
                 
Total assets
 
$
866,800
   
$
781,595
 
                 
LIABILITIES AND STOCKHOLDERS’ EQUITY
               
Current liabilities
               
Accounts payable and accrued expenses
 
$
324
   
$
1,059
 
Total current liabilities
 
$
324
   
$
1,059
 
                 
Stockholders’ equity
               
Stock
 
$
1,600
   
$
1,610
 
Paid-in additional capital
   
1,170,915
     
1,180,315
 
Accumulated deficit
   
(306,039
)
   
(401,389
)
Total stockholders’ equity
 
$
866,476
   
$
780,536
 
                 
Total liabilities and stockholders’ equity
 
$
866,800
   
$
781,595
 
Condensed Income Statement

Condensed Income Statement
 

  Year ended
    Year ended     Year ended  
    December 31,
    December 31,
    December 31,  
(Dollars in thousands)
 
2024
   
2023
   
2022
 
                   
Impairment charge
 
$
(999
)
 
$
(699
)
 
$
(1,234
)
Dividend income
   
275,400
     
119,514
     
77,820
 
General and administrative expense
   
(18,566
)
   
(17,651
)
   
(17,704
)
Operating income/(loss)
 
$
255,835
   
$
101,164
   
$
58,881
 
                         
Interest income
 
$
938
   
$
9,114
   
$
18,823
 
Other financial (expense)/income
   
(27
)
   
(72
)
   
(141
)
Profit/(loss) for the year
 
$
256,746
   
$
110,206
   
$
77,563
 
Condensed Statement of Comprehensive Income
Condensed Statement of Comprehensive Income


  Year ended
    Year ended     Year ended  
    December 31,
    December 31,
    December 31,
 
(Dollars in thousands)
 
2024
   
2023
   
2022
 
Profit/(loss) for the year
 
$
256,746
   
$
110,206
   
$
77,563
Total comprehensive income/(loss) for the period
 
$
256,746
   
$
110,206
   
$
77,563
Attributable to the owners
 
$
256,746
   
$
110,206
   
$
77,563
Condensed Statement of Cash Flow

Condensed Statement of Cash Flow


  Year ended
    Year ended     Year ended
 
    December 31,     December 31,     December 31,
 
(Dollars in thousands)
 
2024
   
2023
   
2022
 
                   
Cash flows from operating activities
                 
Profit/(loss) for the year
 
$
256,746
   
$
110,206
   
$
77,563
 
Items included in net income not affecting cash flows:
                       
Impairment charge
   
999
     
699
     
1,234
 
Compensation related to options and restricted stock
   
2,786
     
2,168
     
3,013
 
Changes in operating assets and liabilities:
                       
Accounts receivable and prepaid expenses
   
64
     
105
     
(675
)
Accounts payable and accrued expenses
   
(735
)
   
858
     
(246
)
Amounts due to related parties
   
(75,608
)
   
10,574
     
(69,740
)
Net cash provided by operating activities
 
$
184,252
   
$
124,611
   
$
11,150
 
                         
Cash flows from investing activities
                       
Investments in subsidiaries
  $ -     $ -     $ (395 )
Loan to subsidiaries
 
$
-
   
$
60,180
   
$
47,744
 
Net cash provided by investing activities  
$
-
   
$
60,180
   
$
47,349
 
                         
Cash flows from financing activities
                       
Cash dividends paid
 
$
(161,396
)
 
$
(186,672
)
 
$
(19,679
)
Purchase of treasury shares
   
(13,196
)
   
(18,808
)
   
(24,758
)
Net cash used in financing activities  
$
(174,591
)
 
$
(205,480
)
 
$
(44,436
)
                         
Net increase/(decrease) in cash and cash equivalents  
$
9,661
   
$
(20,689
)
 
$
14,062
 
Cash and cash equivalents at beginning of period
   
8,912
     
29,601
     
15,539
 
Cash and cash equivalents at end of period
 
$
18,573
   
$
8,912
   
$
29,601
 
Profit/(Loss) Reconciliation
Profit/(loss) reconciliation
 
  Year ended
  Year ended
  Year ended  
  December 31,   December 31,
  December 31,
 
(Dollars in thousands)
2024
 
2023
 
2022
 
             
Profit/(loss) of the parent company only under cost method of
accounting
 
$
256,746
   
$
110,206
   
$
77,563
 
Additional profit/(loss) if subsidiaries had been accounted for
using equity method of accounting as opposed to cost
method of accounting
   
(75,356
)
   
50,716
     
(16,107
)
Profit/(loss) of the parent company only under equity method of accounting
 
$
181,390
   
$
160,922
   
$
61,456
 
Equity Reconciliation
Equity reconciliation

    December 31,     December 31,     December 31,  
(Dollars in thousands)
 
2024
   
2023
   
2022
 
                   
Equity of the parent company only under cost method of
accounting
 
$
866,476
   
$
780,536
    $ 872,943  
Additional profit if subsidiaries had been accounted for
using equity method of accounting as opposed to cost
method of accounting
   
269,861
     
345,217
      294,501  
Equity of the parent company only under equity method of
accounting
 
$
1,136,337
   
$
1,125,753
    $ 1,167,444