Höegh Autoliners continued to report solid financial performance in the first quarter of 2025. The gross revenue was USD 329 million/NOK 3,559 million, operating profit (EBITDA) was USD 155 million/NOK 1,671 million, and net profit after tax was USD 155 million/NOK 1,672 million.
Highlights of the quarter
Operating profit (EBITDA) of USD 155 million and net profit after tax of USD 155 million.
Historic strong contract backlog and increase in contract share of ~7% from Q4 2024
Signed two long-term contracts with two major international car producers,each contract with value above $100m.
Exercised option to purchase leased vessel Höegh Copenhagen.
Höegh New York delivered to its new Owner.
Q4 2024 dividend of USD 90 million paid in March 2025.
A dividend for Q1 2025 of USD 158 million (USD 0.8282 per share) declared and will be paid out in May.
Andreas Enger, CEO of Höegh Autoliners, comments: “Höegh Autoliners continued to deliver solid financial results amid ongoing global uncertainties and heightened geopolitical tensions. In the first quarter, we achieved an operating profit of USD 155 million and a net profit after tax of USD 155 million. We further strengthened our long-term outlook by securing two additional multiyear contracts, bringing our total contract share to over 80%. This reflects our strategic commitment to growing contract cargo proportion with key customers and ensuring higher fleet utilization as we navigate the next phase of the market cycle. On the capacity side, all four of our newbuild vessels are now fully operational, significantly enhancing our cargo lifting capacity for the coming months. As part of our ongoing commitment to delivering value to our shareholders, I’m pleased to announce a quarterly dividend of USD 158 million to be distributed in May. I want to sincerely thank our dedicated employees, trusted partners, and customers for their continued support. Together, we are well-positioned to meet the challenges ahead.”