Oslo, 30 October 2025: Höegh Autoliners (“Höegh Autoliners” or the “Company”, ticker code: HAUTO) continued to report solid financial performance in the third quarter of 2025. The gross revenue was USD 370 million/NOK 3,941 million, operating profit (EBITDA) was USD 155 million/NOK 1,650 million, and net profit after tax was USD 131 million/NOK 1,395 million.
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Volume up ~3% from Q2 with particularly strong demand out of Asia
Contract share stable ~80%, up from 73% in 2024
Q2 2025 dividend of USD 137 million paid in September
Höegh Beijing sold and delivered to new Owner in September
A dividend for Q3 2025 of USD 30 million (USD 0.1573 per share) declared and will be paid in November
Andreas Enger, CEO of Höegh Autoliners, comments: “Q3 is another strong quarter, however, our operating costs have been adversely impacted by weakening trade balance, a trend that is likely to persist.”
Outlook
Tariffs may over time result in lower volumes transported. Significant changes to new U.S. port fees were announced 10 October with implementation from 14 October. The yearly impact is estimated to ~USD 60-70 million, the Company is working diligently to mitigate the impact.
Q4 operational performance is projected slightly below the Q3 EBITDA. In addition, USTR impact is expected to be ~USD 20 million for the quarter.
Höegh Autoliners has adjusted the calculation method for its dividend distributions to reflect actual cash generated above a targeted minimum cash balance at the end of each preceding quarter. The underlying dividend policy remains unchanged, with the intent to distribute all excess cash generation. This adjustment reflects the need to navigate a rapidly changing market environment with reduced visibility and supports strengthened liquidity management. As a result, there will be a one-off periodization of payouts, reducing the distribution for Q3 2025. As of the reporting date, the Company has no other intended uses for capital allocation beyond shareholder distributions.
Please find attached the Q3 2025 report. The results will also be presented by CEO Andreas Enger and CFO Espen Stubberud at 08:30 CET today. The presentation will be held in English, and a recorded version of the webcast will be made available on our website soon after the webcast ends.
Link to watch the webcast: https://investors.hoeghautoliners.com/investors/reports-and-other-resources/webcasts-and-videos/default.aspx
For further information, please contact:
Andreas Enger, CEO
andreas.enger@hoegh.com
+47 901 31 228
Espen Stubberud, CFO
espen.stubberud@hoegh.com
+47 400 39 753
My Linh Vu, Head of Finance, Treasury and IR
my.linh.vu@hoegh.com
ir@hoegh.com
+47 486 48 086
Media contact:
Camilla Knappskog, Head of Communications
camilla.knappskog@hoegh.com
+47 926 66 156
About Höegh Autoliners
Höegh Autoliners is a leading global provider of RoRo (Roll On Roll Off) transportation services delivering cars, high and heavy and breakbulk cargoes across the world. The Company operates around 40 RoRo vessels in global trade systems and makes more than 2 000 port calls each year. Our purpose is to develop innovative solutions for greener and more sustainable deep sea transportation. We are on a path to a zero emissions future and are working closely with customers and partners to achieve this. Höegh Autoliners has its head office in Oslo, Norway and employs around 460 people in its 16 offices worldwide and around 1 200 seafarers.
This statement contains certain forward-looking statements concerning future events. Forward-looking statements are statements that are not historical facts and may be identified by words such as “anticipate”, “believe”, “continue”, “estimate”, “expect”, “intends”, “may”, “should”, “will” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies, and other important factors which are difficult or impossible to predict and are beyond its control. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in investment levels and need for the Company’s services, changes in the general economic, political and market conditions in the markets in which the Company operates, the Company’s ability to attract, retain and motivate qualified personnel, changes in the Company’s ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. Such risks, uncertainties, contingencies and other important factors include, but are not limited to, the possibility that we will determine not to, or be unable to, issue any equity securities, and could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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