Höegh Autoliners continued to report solid financial performance in the second quarter of 2025. The gross revenue was USD 367 /NOK 3,785 million, operating profit (EBITDA) was USD 166 /NOK 1,708 million, and net profit after tax was USD 123 /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
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.
Source: Höegh Autoliners
