DHT Holdings Inc. has released its actual financial results for the first quarter of 2025. The company reported revenues on a TCE basis of $79.337 million. Vessel operating expenses were recorded at $17.828 million, while general and administrative expenses totaled $5.548 million. Adjusted EBITDA for the quarter stood at $56.370 million. A significant highlight for the quarter was a gain of $19.795 million from the sale of a vessel, contributing to a net income after tax of $44.051 million. The earnings per share $(EPS)$ for the quarter was reported at $0.27, with an adjusted EPS of $0.15. The average TCE for Q1 2025 was reported as $36,300 per day for spot charter, $42,700 per day for time-charter, and a fleet average of $38,200 per day. On the balance sheet, as of March 31, 2025, DHT Holdings reported a total liquidity of $277 million, comprising $80.5 million in cash and $196.2 million in revolving credit facility availability. The company's total assets stood at $1.458 billion, with equity amounting to $1.061 billion. The company's interest-bearing debt to total assets was marked at 16.9%, with a net debt per vessel of $12.3 million as of the end of the quarter. Overall, these results reflect DHT Holdings' operational performance and financial position as of the first quarter of 2025, with notable gains from the sale of a vessel contributing significantly to the net income.
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