Company Announcement Copenhagen, 5 November 2025No. 62/2025 Trading update for 1 January – 30 September 2025 Robust first nine months with continued business improvements Highlights Financial update Organic growth was 4.9% in Q3 2025 (Q3 2024: 4.8%) and 4.3% for the first nine months of 2025 mainly driven by price increases, volume growth and projects and above-base work, partially offset by net negative contract wins.Operating margin and free cash flow developed in line with expectations as a result of con ...

Strategy and Market Position - Höegh Autoliners' strategy focuses on anticipating market shifts, early positioning, and compounding returns over time[3] - The company is overweight cargo versus carrying capacity, using a normalized charter market to deliver value from long-term contracts[4] - The company has a historically strong contract backlog, with more cargo than it can carry[5] - In 2024, approximately 60% of the total spot volume was HH/BB share[9] Contractual Agreements - A significant 3-year contract renewal in a key trade lane was signed in August, valued above $100 million[10] - Contract share of volume transported increased by 5% from Q4 2024 to approximately 81%[10] - The average duration of the contract backlog is 3.3 years[10] - 80% of the 2025 lifting capacity is covered by contracts[6] Financial Stability and Debt Management - The company has no refinancing needs for the next 4 years[19] - More than 50% of Höegh Autoliners' committed financing has a 12-year duration at attractive terms[19] - The company has a $720 million credit facility secured by the modern part of the fleet[19] - The company has 21 debt-free vessels and approximately $200 million liquidity buffer through undrawn RCF[19] Carbon Intensity Reduction - Since 2008, the company has improved its carbon intensity by approximately 40%[16] - The company is aiming for zero emissions by 2040[16]