Hunter Group (HUNT) Q4 2025 earnings summary

Executive summary

• Achieved a net profit of USD 14.1 million in 2025, reversing a loss of USD 11.9 million in 2024.

• Revenues and other income rose to USD 15.2 million from negative USD 10.1 million year-over-year.

• Operating profit reached USD 13.4 million, up from a loss of USD 12.1 million in 2024.

• 100% vessel utilization in 2025, with strong spot and time charter rates.

• Board declared a combined dividend of NOK 0.98 per share, with NOK 0.40 to be distributed in March and NOK 0.58 expected in April, contingent on AGM approval.

Financial highlights

• Net realized time chartering result: USD 8.6 million in 2025, up from a loss of USD 8.3 million in 2024.

• Unrealized gain on TC positions: USD 6.5 million in 2025, compared to a loss of USD 1.8 million in 2024.

• Total operating expenses: USD 1.3 million in 2025.

• Cash and cash equivalents at year-end: USD 5.0 million.

• Equity ratio improved to 98.3% from 81.7% year-over-year.

Outlook and guidance

• 62% of Q1 2026 vessel days booked at USD 115,800 per day; February 2026 averaging USD 149,200 per day.

• Current spot rates around USD 219,300 per day, with forward market and 1-year TC rates indicating continued strength.

• Board intends to distribute all excess cash to shareholders, subject to AGM authority.