HÖEGH Autoliners appears to have shrugged off analysts’ gloomy expectations about the international automotive trade to rack up another strong year, capped by a ‘solid’ fourth quarter.
The company told the Oslo stock exchange yesterday [25 February] gross revenue for Q4 was USD 358 million/NOK 3,619 million, operating profit (EBITDA) was USD 145 million/NOK 1,465 million, and net profit after tax was USD 104 million/NOK 1,056 million.
For the full year 2025, the company reported revenues of USD 1.426 billion, EBITDA of USD 621 million and net profit after tax of USD 513 million.
Highlights of the quarter included strong demand from contract clients, with contract share up +4% from Q3 to 84%; the suspension of USTR port fees for one year from 10 November 2025; Q3 2025 dividend of USD 30 million paid in November; the delivery of the seventh Aurora Class vessel, Höegh Starlight, in December; and the declaration of a dividend for Q4 2025 of USD 99 million (USD 0.519 per share) which will be paid in March 2026. Andreas Enger, CEO of Höegh Autoliners, said: “Höegh Autoliners delivered another strong year despite a complex and volatile operating environment.” Höegh Autoliners expects Q1 2026 EBITDA to be slightly above Q4 2025, saying the demand for ocean transportation and car carriers remains strong, supported by increasing demand from Asia.
No return to Red Sea transit is planned for the near future.