Hafnia Limited(US:HAFN)2024-11-27 13:35Financial Highlights - TCE income reached USD 361.6 million in Q3 2024, compared to USD 310.3 million in Q3 2023[13] - Adjusted EBITDA was USD 257.0 million in Q3 2024, up from USD 220.8 million in Q3 2023[13] - Net profit was USD 215.6 million (USD 0.42 per share) in Q3 2024, compared to USD 146.9 million (USD 0.29 per share) in Q3 2023[13] - A dividend of USD 194.1 million (USD 0.3790 per share) was declared, representing a 90% payout ratio for Q3 2024[13] - Net LTV ratio decreased to 19.1% at the end of Q3 2024, down from 21.3% in Q2 2024[20] Operational Performance - TCE for Q3 2024 was USD 33,549 per operating day, with Spot TCE at USD 34,410 per operating day[13] - The commercially managed pool and bunker procurement business generated an income of USD 7.8 million in Q3 2024[13] - As of November 18, 2024, 71% of total earning days of the fleet were covered for Q4 2024 at USD 24,004 per day[13] Market Outlook - Cargo volumes and tonne-miles for CPPs and chemicals have steadily increased, reaching their highest level in six years from October 2018 to 2024[31] - Net Asset Value is approximately USD 4.6 billion, equivalent to approximately USD 9.07 / ~NOK 95.24 per share[16]