DHT Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

DHT Holdings delivered a beat on both the top and bottom lines in Q4 2025, with earnings per share of $0.41 edging past the $0.40 consensus by 2.60% and revenue of $144.16 million coming in well above estimates while rising 9.7% year over year. The d… Read more DHT Holdings delivered a beat on both the top and bottom lines in Q4 2025, with earnings per share of $0.41 edging past the $0.40 consensus by 2.60% and revenue of $144.16 million coming in well above estimates while rising 9.7% year over year. The driving force behind the quarter was a sharp recovery in VLCC spot rates, with the company's spot market vessels earning $69,500 per day compared to just $38,200 per day in Q4 2024, lifting adjusted EBITDA to $95.30 million from $60.60 million in the prior-year period. Net profit climbed to $66.10 million, up from $54.70 million, supported by higher operating income and reduced financial expenses. Looking ahead, DHT is leaning into the favorable rate environment, with 76% of Q1 2026 spot days already booked at $78,900 per day; the company recently secured a one-year charter for its VLCC DHT Taiga at $94,000 per day, reflecting sustained demand for compliant tanker capacity. DHT declared its 64th consecutive quarterly dividend of $0.41 per share, consistent with its 100% ordinary net income payout policy.