Oslo, 22 August 2025: Höegh Autoliners ("Höegh Autoliners" or the "Company", ticker code: HAUTO) continued to report solid financial performance in the second quarter of 2025. The gross revenue was USD 367 million/NOK 3,785 million, operating profit (EBITDA) was USD 166 million/NOK 1,708 million, and net profit after tax was USD 123 million/NOK 1,268 million.
Highlights of the quarter
Operating profit (EBITDA) of USD 166 million and net profit after tax of USD 123 million.
A dividend for Q2 2025 of USD 137 million (USD 0.7181 per share) declared and will be paid out in September.
Volume up 11% from Q1.
Contract share of 81%, up from 73% in 2024.
Q1 2025 dividend of USD 158 million paid in May 2025.
The fifth Aurora Class vessel, Höegh Sunrise, was delivered from the yard in May, and the sixth vessel, Höegh Moonlight was delivered in June.
Subsequent events
Höegh Beijing sold for USD 43 million with delivery in Q3. The vessel is debt free.
Signed one three-year contract with an international car producer, contract value above USD 100 million
Andreas Enger, CEO of Höegh Autoliners, comments: “We are pleased to report another strong quarter despite ongoing global uncertainties and geopolitical tension. Our results reflect our strategy of ‘going long on cargo’ in late 2024, which has allowed us to steadily increase volume and increase our contract share from 73% in 2024 to 81% this year. We continue to see a resilient market and fleet utilisation remains high, however with increasing trade imbalances. We remain committed to our sustainability ambition and have announced a cooperation with Nordic Circles with the ambition of upcycling a vessel during 2026.
As part of our ongoing commitment to delivering value to our shareholders, I’m pleased to announce a quarterly dividend of USD 137 million to be distributed in September".
Outlook
Tariffs may over time result in lower volumes transported.
New US port fees will be valid as of 14 October. The gross cost yearly impact is ~$30 million, the Company is working with its customers to mitigate the impact.
We expect Q3 to be in line with 1H 2025.
Please find attached the Q2 2025 report. The results will also be presented by CEO Andreas Enger and CFO Espen Stubberud at 08:30 CET today. The presentation will be held in English, and a recorded version of the webcast will be made available on our website soon after the webcast ends.
Link to watch the webcast: https://investors.hoeghautoliners.com/investors/reports-and-other-resources/webcasts-and-videos/default.aspx
For further information, please contact:
Andreas Enger, CEO
andreas.enger@hoegh.com
+47 901 31 228
Espen Stubberud, CFO
espen.stubberud@hoegh.com
+47 400 39 753
My Linh Vu, Head of Finance, Treasury and IR
my.linh.vu@hoegh.com
ir@hoegh.com
+47 486 48 086
Media contact:
Camilla Knappskog, Head of Communications
camilla.knappskog@hoegh.com
+47 926 66 156
About Höegh Autoliners
Höegh Autoliners is a leading global provider of RoRo (Roll On Roll Off) transportation services delivering cars, high and heavy and breakbulk cargoes across the world. The Company operates around 40 RoRo vessels in global trade systems and makes more than 2 000 port calls each year. Our purpose is to develop innovative solutions for greener and more sustainable deep sea transportation. We are on a path to a zero emissions future and are working closely with customers and partners to achieve this. Höegh Autoliners has its head office in Oslo, Norway and employs around 460 people in its 16 offices worldwide and around 1 200 seafarers.
This statement contains certain forward-looking statements concerning future events. Forward-looking statements are statements that are not historical facts and may be identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "intends", "may", "should", "will" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies, and other important factors which are difficult or impossible to predict and are beyond its control. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in investment levels and need for the Company's services, changes in the general economic, political and market conditions in the markets in which the Company operates, the Company's ability to attract, retain and motivate qualified personnel, changes in the Company's ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors include, but are not limited to, the possibility that we will determine not to, or be unable to, issue any equity securities, and could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.