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Höegh Autoliners ASA: Q2 results and dividend payment

Höegh Autoliners $HAUTO (+7,05 %) also reported a solid financial performance in the second quarter of 2025.

Q2 and half-year highlights:

 Operating profit (EBITDA) of USD 166 million and net profit after tax of USD 123 million.

 Dividend for Q2 2025 of USD 137 million (USD 0.7181 per share) was declared and will be paid out in September (ExDay 01.09.25 / PayDay 09.09.25).

 Volume increases by 11% compared to Q1.

 Contract share of 81%, compared to 73% in 2024.

 Dividend for Q1 2025 in the amount of USD 158 million was paid in May 2025.

 The fifth Aurora-class vessel, Höegh Sunrise, was delivered from the shipyard in May and the sixth vessel, Höegh Moonlight, was delivered in June.

Further events:

 Höegh Beijing sold for USD 43 million and will be delivered in Q3. The ship is debt-free.

 Signing of a three-year contract with an international automobile manufacturer, contract value

worth over USD 100 million.

Andreas Enger, CEO of Höegh Autoliners, comments:

"We are pleased to report another strong quarter despite ongoing global uncertainties and geopolitical tensions. Our results reflect our strategy to go 'long on cargo' at the end of 2024, which has enabled us to steadily increase volumes and grow our contract share from 73% in 2024 to 81% this year. We continue to see a resilient market and fleet utilization remains high, albeit with increasing trade imbalances. We

remain committed to our sustainability goals and have announced a collaboration with Nordic Circles with the aim of recycling a vessel in 2026."

Outlook:

 The tariffs may lead to lower transport volumes over time.

 The new US port charges will be effective from October 14. The impact on annual gross costs will be ~ USD 30 million. The company is working with its customers to mitigate the impact.

Wir expect Q3 to be in line with H1 2025.

31 Commentaires

Bruzze T.@Steel-Team

Thank you for your great contribution 😊💪🏻👍🏻

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Shrimpman@Shrimpman

During my vacation in Norway last week, I also took a small ferry. Ferries in Norway can be compared to German ferries, the ferry took exactly 2 minutes to dock and was traveling at least 60kmh. As Norway is not so densely populated, you often have to travel long distances for small things, which takes a long time due to the mountainous terrain (by car), so the sea route makes perfect sense.

In any case, this is a very interesting share that has been on the WL for some time

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Pitchi@Zukunftsdenker

Thanks for the contribution :)

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BoRo@Gerseal38317

My knowledge may be outdated, but I was once told that you should stay out of ships and shipping companies because you can really get into the sh**** with them. And here is an extremely high dividend with not even that much profit? Is this really serious or sustainable?

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Murcielago@impuff

@Gerseal38317 Well, shipping companies cannot grow indefinitely by reinvesting profits in more ships. Hence the high payouts to shareholders.

Do you mean ship funds and ship investments? Yes, they really suck.

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Gomerdoc@Gomerdoc

@Gerseal38317 Exactly, ship investments are really shit, were a tax savings model, and the whole thing is actually dead.
And of course you're not entirely wrong about shipping companies: but $HAUTO is a specialist, extremely modern, and hasn't just been doing the job since yesterday. The company is at least fundamentally sound, and that is also reflected in the dividends.

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BoRo@Gerseal38317

@Gomerdoc thanks for the feedback... yes, exactly, ship investments was that... but as I said, it's something I was told several years ago and hadn't followed up on since. Thanks, I'll take a closer look at this one :)

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BoRo@Gerseal38317

@impuff thanks for the feedback... yes, exactly, ship investments was that... but as I said, it's something I was told several years ago and hadn't followed up on since. Thanks, I'll take a closer look at this one :)

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risk_taker_1816@risk_taker_1816

What a bummer, I sold at €9.50 and now it's at €10

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Marc T.@MarcT1401

@risk_taker_1816 sold approx. 3,500 shares at 8.40... ask me

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risk_taker_1816@risk_taker_1816

@MarcT1401 that hurts

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S.A.U.@SAUgut77

@risk_taker_1816 @MarcT1401 why sell 🤷🏻‍♂️ at all

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risk_taker_1816@risk_taker_1816

@SAUgut77 dividends are not worth it thanks to the tons of taxes, and getting them back is too costly

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risk_taker_1816@risk_taker_1816

@SAUgut77 but I will definitely put the share back into my portfolio if it falls a little

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S.A.U.@SAUgut77

@risk_taker_1816 Getting the taxes back is about 15 minutes' work 🤫😅

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risk_taker_1816@risk_taker_1816

@SAUgut77 15 min too much 😂

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Gomerdoc@Gomerdoc

@risk_taker_1816 that probably depends on the amount of personal dividends. I wouldn't put myself through the stress for €4.50 either.... Otherwise: it's not much work.

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Pitchi@Zukunftsdenker

I dared to try it too, easy....

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S.A.U.@SAUgut77

@Gomerdoc is relative, I even got €10 back for a Finnish share from 2023...don't want to give my money to anyone and don't get anything for free 🤷🏻‍♂️

And with Hoegh you get well over €4.50, so it's always worth it 🤑

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Heiko@Schalk77

Runs in the savings plan with 10€ a week. Let's keep running and wait and see.

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Shell@Shell

Never researched the stock, but how can the stock have a 30% dividend yield on a 9% pay out ratio?

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Matthias@ZaphodB

I've also been thinking about getting in here for a while...but based on the ISIN...., isn't there a rather hefty Norwegian withholding tax of 22% in addition to the capital gains tax? Or am I wrong?

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Dividendenopi👴@Dividendenopi

@ZaphodB 25% to be precise. There are brokers where you can be exempted in advance, but these are few and far between. Otherwise, return 10% directly from Norway via the simple online route, and the rest via the KAP annex.

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Marc T.@MarcT1401

@ZaphodB works just like this

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Dividendenopi👴@Dividendenopi

Oslo, 22 August 2025: Reference is made to the announcement by the Oslo Stock
Exchange today regarding the quarterly results and the resolution to distribute
dividend in the amount of USD 137 million.

Dividend amount: USD 0.7181 per share
Announced currency: USD.

Payment to shares registered with Euronext VPS will be distributed in NOK. The
NOK dividend amount is based on the daily exchange rate published by Norges Bank
21 August 2025 approximately at 1600 hrs CEST. The NOK amount is 7.3119 per
share.

Last day including right: 29 August 2025
Ex-date: 1 September 2025
Record date: 2 September 2025
Payment date: 9 September 2025
Date of board resolution: 21 August 2025

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Marc T.@MarcT1401

@Dividendenopi again, is a lower entry price to be expected on the EX day?

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S.A.U.@SAUgut77

@MarcT1401 the share price is reduced by the dividend on the ex-date.

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Dividendenopi👴@Dividendenopi

@MarcT1401 🙂 Yes, should then start trading at around EUR 0.61, which is lower than the dividend. What happens afterwards 🤷‍♂️.... is always a game with an uncertain outcome. Some dividend hunters buy before the EX day because, for example, Börse Online comes out with a lurid article like... buy today and secure your high dividend at.... and boost the share price. Others, as I said, prefer to take price gains here to avoid withholding tax. The figures were ok and the market reacted accordingly, as you can see. If you want to get in, you have to set yourself a target, what price you are prepared to pay regardless of the dividend discount and why you want to invest at all. Does the share fit into your strategy, are you prepared to withstand larger price movements?

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Marc T.@MarcT1401

@Dividendenopi fits perfectly into my strategy and I have had the share in my portfolio for 1 1/2 years now and have been watching it - unfortunately I got out completely at 8.40 in a weak moment... but now I really want to get back in again in tranches of 20k

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Dividendenopi👴@Dividendenopi

@MarcT1401 This is a value that you need to track regularly. I got in at 9.70 for the first time almost 2 years ago and bought from 6.65 to 8.10 in different tranches over the months. As I said, you have to endure the volatility. In the long term, I have a total return of over 35%, most of which comes from dividends. As long as the order situation is stable - the current major contracts run until the end of 2016 - and capacity utilization remains at this level, the company will generate sufficient profits to maintain the dividend level at a reasonable level. Even a halving would still yield an above-average return if the share price does not plummet

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#TechNerd1337@TechNerd1337

very nice, i'm happy about my buy in at 8.40 with 1,000 shares :)

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