Dht Holdings, Inc. · NYSE:DHT
Dht — Q3 2025 Earnings Presentation
10 slides from Dht's earnings presentation, Oct 30, 2025
Slide 1: Third Quarter 2025 Results
THIRD QUARTER 2025 RESULTS October 30, 2025
Slide 2: Disclaimer
DISCLAIMER Forward Looking Statements This presentation contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company's management as well as assumptions, expectations, projections, intentions and beliefs about future events, in particul
Slide 3: Q3'25 Financials: P&L Highlights
Q3’25 Financials P&L HIGHLIGHTS Q3 2025 $ Thousands, except per share Revenues on TCE basis $ 79,104 Average TCE Q3 2025 Vessel operating expenses $ (18,436) $40,500/d Fleet average $38,700/d Spot G&A $ (4,132) $42,800/d Time-charter Adj. EBITDA $ 57,703 Interest expenses $ (2,586) Gain/(loss)
Slide 4: Balance Sheet Highlights
Q3’25 Financials BALANCE SHEET HIGHLIGHTS $ Thousands As per 30.09.2025 Cash $ 81,250 Total liquidity of $298 million Other current assets $ 65,340 Cash $ 81.2 million Vessels* $ 1,053,959 RCF availability $ 216.5 million Advances for vessels under construction $ 190,884 Other assets $ 6,612 Tot
Slide 5: Q3 2025 Cash Flow Highlights
Q3’25 Financials Q3 2025 CASH FLOW HIGHLIGHTS Cash Bridge Q3 2025 $m 200 175 150 57.7 -12.7 -4.2 -38.6 125 50.1 -22.1 100 -1.6 -26.2 2.5 4.3 75 127.6 -10.7 123.5 50 82.7 82.7 84.9 83.2 78.7 81.2 74.4 74.4 25 57.1 46.4 46.4 0 30/06/25 EBITDA Debt Cash interest Dividend Maintenance Investment Deposit
Slide 6: Quarterly Highlights
Business Update QUARTERLY HIGHLIGHTS Newbuilding financing of $308.4 million • SOFR + weighted average margin of 132 bps • 12-year tenor, no break-up clause, 20-year repayment profile Credit facility to finance DHT Nokota, built 2018 • $64 million reducing revolving credit facility • 7-year teno
Slide 7: Capital Allocation
Q3’25 Financials CAPITAL ALLOCATION Cash dividend of $0.18 per share Equals capital allocation policy: 100% of ordinary net income The 63rd consecutive quarterly cash dividend The shares will trade ex-dividend November 12, 2025 Cash dividend since dividend policy update from Q3 2022: $2.93 p
Slide 8: Q4 Outlook
Business Update Q4 OUTLOOK Estimated Q4 2025 Total term time-charter days 901 Average term time-charter rate ($/day)* $42,200 Total spot days for the quarter 1,070 Spot days booked to date / % of total spot days 730 / 68% Average spot rate booked to date ($/d) $64,900 Spot P&L break-even for the qua
Slide 9: Market Commentary
MARKET COMMENTARY October 30, 2025 9
Slide 10: Q&A
Q&A DHT ANTELOPE MAJURO IMO 1055179