Hoegh Autoliner Asa (HOEGF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and a warm welcome to Herc Autoliner's fourth quarter presentation. My name is My Linh Vu, Head of Investor Relations. And with me today, we have a CEO, Andreas Enge, and our CFO, Espen Stubru, who will walk you through the last quarter, business and financial performance. As usual, we will conclude the webcast with a Q&A session at the end of the presentation. So if you have any questions, please send an email to our Investor Relations mailbox at ir.herc.com. So with that, I will leave it to you, Andreas. Thank you, Mylin. And once again, welcome to our quarterly presentation, starting today with a picture of Hög Sunrise, one of our new build vessels that was named, had to celebrate its naming ceremony last summer with valued customers in the land of the rising sun. We are pleased to report another quarter, and this is also an end of a year with solid performance in, I think, somewhat we could justifiably call a somewhat turbulent year on the macro side, but has still translated into very solid performance from our part. EBITDA for the quarter, 145 million, translating into net profit 105, gross rate of 91.4. And we are now back on our regular full payout dividend policy of average. This quarter translates into 99 million dollars. One more new build delivered in the quarter, a solid equity ratio of 55%. If you look at the year, $621 million VBTA and 513 million net profits delivered, gross rate of 93.4%. We have We have declared for the year dividends of $424 million, maintaining our very solid dividend yield, taking delivery of three vessels, and we have a return on investment capital of 26%, all adding up, as I said, to very robust performances. I'm just going to go through some pieces on the market and sustainability and then hand over to Espen for a...