(RTTNews) – Hafnia Restricted (HAFN), an proprietor and operator of crude oil, oil merchandise, and chemical substances transport tankers, on Tuesday recorded a steep decline in internet revenue for the second quarter.

For the three-month interval to June 30, the corporate posted a internet revenue of $75.3 million, or $0.15 per share, lower than $259.2 million, or $0.51 per share, in the identical interval final yr. Excluding objects, EBITDA stood at $134.174 million as in opposition to the prior yr’s $317.083 million.

Mikael Skov, CEO of Hafnia, mentioned: “Our Q2 performance was affected by several vessels undergoing scheduled drydocking, leading to approximately 630 off-hire days during the quarter, and we anticipate another 510 off-hire days in Q3. At the end of the second quarter, our net asset value (NAV) stood at approximately $3.3 billion, translating to an NAV per share of about $6.55.”

Hafnia can pay a quarterly dividend of $0.1210 per share for the shareholders of file as of September 4. For the shares on the Euronext VPS Oslo Inventory Alternate, the dividend shall be paid in NOK on, or about, September 15. For the shares registered within the Depository Belief Firm, the dividend shall be paid on, or about, September 10.

Waiting for the remainder of 2025, the corporate believes that the product market is well-positioned for a robust winter season. Nonetheless, a number of key elements may affect market dynamics, corresponding to commerce coverage modifications, modifications in oil commerce routes, sanctions, and others.

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