Logotype for Havila Shipping

Havila Shipping (HAVI) Q4 2025 earnings summary

Event summary combining transcript, slides, and related documents.

Logotype for Havila Shipping

Q4 2025 earnings summary

26 Feb, 2026

Executive summary

  • Freight revenues in Q4 2025 were NOK 135.5 million, down NOK 12.5 million year-over-year and NOK 13.8 million sequentially, with lower assignment rates and utilization.

  • Operating profit before depreciation in Q4 2025 was NOK 52.7 million, compared to NOK 68.2 million in Q4 2024.

  • Profit before tax for Q4 2025 was NOK -26.2 million, a significant decline from NOK 6.5 million in Q4 2024.

  • For the full year 2025, total operating income was NOK 648.0 million, up from NOK 585.1 million in 2024.

  • The company operated 14 vessels as of 31/12/25, with 91% fleet utilization in Q4 2025.

Financial highlights

  • Q4 2025 total operating income: NOK 143.8 million (Q4 2024: NOK 155.9 million).

  • Q4 2025 total operating expenses: NOK 91.1 million (Q4 2024: NOK 87.7 million).

  • Q4 2025 depreciation: NOK 51.7 million (Q4 2024: NOK 39.0 million).

  • Q4 2025 net financial items: NOK -27.6 million (Q4 2024: NOK -23.4 million).

  • Full year 2025 profit before tax: NOK 10.3 million (2024: NOK 10.4 million).

Outlook and guidance

  • Several vessel contracts extended in Q4, including with Equinor and Peterson Den Helder.

  • Bareboat contract for Havila Harmony extended through 2026.

  • No significant events after the balance sheet date affecting financial position.

Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
All investor relations material. One API.
Learn more