$DHT
DHT Holdings, Inc.
CIK:0001331284|SEC Filings
Consolidated Income Statement - USD ($) $ in Thousands |
12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Consolidated Income Statement [Abstract] | |||||
| Shipping revenues | $ 497,197 | $ 567,835 | $ 556,075 | ||
| Other revenues | [1] | 1,203 | 3,938 | 4,481 | |
| Total revenues | 498,400 | 571,773 | 560,556 | ||
| Gain on sale of vessels | 52,943 | 0 | 0 | ||
| Other income | 970 | 0 | 0 | ||
| Operating expenses | |||||
| Voyage expenses | (128,088) | (179,623) | (165,667) | ||
| Vessel operating expenses | (72,994) | (78,594) | (75,429) | ||
| Depreciation and amortization | (106,370) | (111,884) | (108,902) | ||
| Reversal of prior impairment charges | 0 | 27,909 | 0 | ||
| General and administrative expense | (19,890) | (18,944) | (17,448) | ||
| Total operating expenses | (327,342) | (361,136) | (367,447) | ||
| Operating income | 224,972 | 210,637 | 193,110 | ||
| Interest income | 3,139 | 3,918 | 4,485 | ||
| Interest expense | (14,169) | (30,399) | (33,061) | ||
| Net loss on derivative instruments at fair value | (170) | 0 | (504) | ||
| Other financial expense | (2,396) | (2,088) | (1,984) | ||
| Profit before tax | 211,376 | 182,069 | 162,046 | ||
| Income tax expense | (413) | (608) | (649) | ||
| Profit for the year | 210,962 | 181,460 | 161,397 | ||
| Attributable to the owners of non-controlling interest | (130) | 84 | 43 | ||
| Attributable to the owners of parent | $ 211,092 | $ 181,377 | $ 161,353 | ||
| Attributable to the owners of parent: | |||||
| Basic earnings per share (in dollars per share) | $ 1.31 | $ 1.12 | $ 0.99 | ||
| Diluted earnings per share (in dollars per share) | $ 1.31 | $ 1.12 | $ 0.99 | ||
| Weighted average number of shares (basic) (in shares) | 160,690,206 | 161,354,507 | 162,178,499 | ||
| Weighted average number of shares (diluted) (in shares) | 160,773,279 | 161,441,782 | 162,356,735 | ||
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Consolidated Statement of Financial Position - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
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|---|---|---|---|---|---|---|---|---|
| Current assets | ||||||||
| Cash and cash equivalents | [1],[2] | $ 79,034 | $ 78,143 | |||||
| Accounts receivable and accrued revenues | [2] | 53,338 | 53,715 | |||||
| Capitalized voyage expenses | 1,684 | 2,450 | ||||||
| Prepaid expenses | 9,678 | 7,200 | ||||||
| Derivative financial assets | [3] | 10 | 0 | |||||
| Inventories | 24,682 | 37,688 | ||||||
| Assets held for sale | 40,488 | 22,693 | ||||||
| Total current assets | 208,915 | 201,889 | ||||||
| Non-current assets | ||||||||
| Vessels | 1,083,891 | 1,185,576 | ||||||
| Vessels under construction | 301,651 | 93,178 | ||||||
| Other property, plant and equipment | 7,117 | 4,589 | ||||||
| Goodwill | 1,356 | 1,356 | ||||||
| Derivative financial assets | [3] | 19 | 0 | |||||
| Total non-current assets | 1,394,034 | 1,284,698 | ||||||
| Total assets | 1,602,949 | 1,486,587 | ||||||
| Current liabilities | ||||||||
| Accounts payable and accrued expenses | [2] | 22,761 | 23,436 | |||||
| Derivative financial liabilities | [3] | 68 | 0 | |||||
| Current portion long-term debt | [2] | 39,500 | 78,649 | |||||
| Other current liabilities | 994 | 1,389 | ||||||
| Deferred shipping revenues | 11,397 | 6,139 | ||||||
| Total current liabilities | 74,720 | 109,613 | ||||||
| Non-current liabilities | ||||||||
| Long-term debt | [2] | 389,244 | 330,775 | |||||
| Derivative financial liabilities | [3] | 131 | 0 | |||||
| Other non-current liabilities | 5,598 | 3,497 | ||||||
| Total non-current liabilities | 394,973 | 334,273 | ||||||
| Total liabilities | 469,693 | 443,886 | ||||||
| Equity | ||||||||
| Common stock at par value | 1,608 | 1,600 | ||||||
| Additional paid-in capital | 1,223,719 | 1,217,651 | ||||||
| Accumulated deficit | (96,216) | (186,321) | ||||||
| Translation differences | 498 | 39 | ||||||
| Other reserves | 3,577 | 5,273 | ||||||
| Total equity attributable to the Company | 1,133,186 | 1,038,242 | ||||||
| Non-controlling interest | 71 | 4,459 | ||||||
| Total stockholders' equity | 1,133,257 | 1,042,701 | ||||||
| Total liabilities and stockholders' equity | $ 1,602,949 | $ 1,486,587 | ||||||
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