Höegh Autoliners $HAUTO (-5,18%) continued to report a solid financial performance in the third quarter of 2025. Gross sales amounted to USD 370 million/NOK 3,941 million, operating profit (EBITDA) to USD 155 million/NOK 1,650 million and net profit after tax to USD 131 million/NOK 1,395 million.
》Highlights of the quarter《
● Volume increase of around 3% compared to the second quarter thanks to particularly strong demand from Asia
● Share of orders stable at around 80%, compared to 73% in 2024
● Dividend for Q2 2025 in the amount of USD 137 million paid out in September
● Höegh Beijing sold and handed over to the new owner in September
● Dividend for Q3 2025 of USD 30 million (USD 0.1573 per share) declared and will be paid out in November
Andreas Enger, CEO of Höegh Autoliners, comments: "Q3 was another strong quarter,
However, our operating costs were negatively impacted by the weaker trade balance, a trend that is expected to continue."
》Outlook《
● Tariffs could lead to lower transport volumes over time
● Significant changes to the new US port tariffs were announced on October 10 and will take effect on October 14. The annual impact is estimated to be around 60-70 million US dollars. The company is working hard to minimize the impact.
● The operating performance in the fourth quarter is expected to be slightly below the EBITDA of the third quarter.
● In addition, the impact of the USTR measures is expected to be around USD 20 million for the quarter.
》Dividend《
Höegh Autoliners has adjusted the calculation method for dividend distributions to reflect the actual cash flow generated above a target minimum cash balance at the end of each previous quarter. The underlying dividend policy remains unchanged; the intention is still to distribute all excess cash flow.
This adjustment takes into account the need to navigate a rapidly changing market environment with less predictability and supports improved liquidity management.
As a result, there will be a one-time periodization of distributions, which will reduce the distribution for the third quarter of 2025.
As of the reporting date, the company does not plan any further uses for capital allocation beyond distributions to shareholders.
