DHT Holdings Inc (DHT) financial statements: income statement, balance sheet and cash flow
DHT Holdings Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), DHT Holdings Inc reported revenue of $498.4M (-12.8% year on year) and net income of ($170.0K).
Income statement
DHT Holdings Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Shipping revenues
$497.2M
$567.8M
$556.1M
$450.4M
Other revenues
$1.2M
$3.9M
$4.5M
$3.8M
Total revenues
$498.4M
$571.8M
$560.6M
$454.1M
Gain on sale of vessels
$52.9M
$0
$0
$19.5M
Other income
$970.0K
—
$0
$0
Voyage expenses
($128.1M)
($179.6M)
($165.7M)
($185.5M)
Vessel operating expenses
($73.0M)
($78.6M)
($75.4M)
($73.8M)
Depreciation and amortization
($106.4M)
($111.9M)
($108.9M)
($123.3M)
Reversal of prior impairment charges
$0
$27.9M
—
—
General and administrative expense
($19.9M)
($18.9M)
($17.4M)
($16.9M)
Total operating expenses
($327.3M)
($361.1M)
($367.4M)
($399.5M)
Operating income
$225.0M
$210.6M
$193.1M
$74.2M
Interest income
$3.1M
$3.9M
$4.5M
$1.1M
Interest expense
($14.2M)
($30.4M)
($33.1M)
($26.2M)
Net loss on derivative instruments at fair value
($170.0K)
$0
($504.0K)
$15.0M
Other financial expense
($2.4M)
—
—
—
Profit before tax
$211.4M
$182.1M
$162.0M
$62.6M
Income tax expense
($413.0K)
($608.0K)
($649.0K)
($587.0K)
Profit for the year
$211.0M
$181.5M
$161.4M
$62.0M
Attributable to the owners of non-controlling interest
($130.0K)
$84.0K
$43.0K
$459.0K
Attributable to the owners of parent
$211.1M
$181.4M
$161.4M
$61.5M
Basic earnings per share (in dollars per share)
$1.31
$1.12
$0.99
$0.37
Diluted earnings per share (in dollars per share)
$1.31
$1.12
$0.99
$0.37
Weighted average number of shares (basic) (in shares)
160.7M
161.4M
162.2M
164.7M
Weighted average number of shares (diluted) (in shares)
160.8M
161.4M
162.4M
164.9M
DHT Holdings Inc income statement, quarters
Line item
Sep 30, 2025 · YTD
Sep 30, 2024 · YTD
Sep 30, 2023 · YTD
Sep 30, 2022 · YTD
Shipping revenues
$353.3M
$437.1M
$413.8M
$283.9M
Other revenues
$971.0K
$3.3M
$3.4M
$2.4M
Total revenues
$354.2M
$440.4M
$417.2M
$286.3M
Other income
$970.0K
—
—
—
Gain on sale of vessels
$52.9M
—
$0
$19.5M
Voyage expenses
($102.0M)
($134.4M)
($117.9M)
($135.7M)
Vessel operating expenses
($55.9M)
($58.6M)
($56.7M)
($53.9M)
Depreciation and amortization
($79.4M)
($84.3M)
($80.4M)
($95.6M)
General and administrative expenses
($14.3M)
($13.4M)
($13.5M)
($14.1M)
Total operating expenses
($251.5M)
($290.6M)
($268.5M)
($279.8M)
Operating (loss)/ income
$156.6M
$149.8M
$148.7M
$6.5M
Interest income
$2.5M
$3.1M
$3.6M
$191.0K
Interest expense
($11.9M)
($24.0M)
($23.9M)
($19.7M)
Fair value gain/(loss) on derivative financial liabilities
($354.0K)
$0
($504.0K)
$14.9M
Other financial (expense)/income
($1.9M)
($1.6M)
($1.4M)
($2.6M)
Profit/(loss) before tax
$145.1M
$127.2M
$126.5M
$637.0K
Income tax expense
($206.0K)
($414.0K)
($422.0K)
($477.0K)
Profit/(loss) after tax
$144.9M
$126.7M
$126.1M
$161.0K
Attributable to owners of non-controlling interest
($136.0K)
$308.0K
$97.0K
$665.0K
Attributable to the owners of parent
$145.0M
$126.4M
$126.0M
($505.0K)
Basic earnings/(loss) per share (in dollars per share)
$0.90
$0.78
$0.77
$0.00
Diluted earnings/(loss) per share (in dollars per share)
$0.90
$0.78
$0.77
$0.00
Weighted average number of shares (basic) (in shares)
160.7M
161.4M
162.6M
165.4M
Weighted average number of shares (diluted) (in shares)
160.7M
161.5M
162.7M
165.4M
Balance sheet
DHT Holdings Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$79.0M
$78.1M
$74.7M
$125.9M
Accounts receivable and accrued revenues
$53.3M
$53.7M
$75.8M
$59.5M
Capitalized voyage expenses
$1.7M
$2.5M
$2.5M
$2.8M
Prepaid expenses
$9.7M
$7.2M
$13.6M
$10.6M
Derivative financial assets
$10.0K
—
$0
$3.8M
Inventories
$24.7M
$37.7M
—
—
Assets held for sale
$40.5M
$22.7M
—
—
Total current assets
$208.9M
$201.9M
$200.5M
$235.6M
Vessels
$1.1B
$1.2B
$1.3B
$1.3B
Vessels under construction
$301.7M
$93.2M
—
—
Other property, plant and equipment
$7.1M
$4.6M
$6.6M
$4.9M
Goodwill
$1.4M
$1.4M
$1.4M
$1.4M
Derivative financial assets
$19.0K
—
—
—
Total non-current assets
$1.4B
$1.3B
$1.3B
$1.3B
Total assets
$1.6B
$1.5B
$1.5B
$1.5B
Accounts payable and accrued expenses
$22.8M
$23.4M
$20.5M
$29.4M
Derivative financial liabilities
$68.0K
—
—
$0
Current portion long-term debt
$39.5M
$78.6M
$30.3M
$29.6M
Other current liabilities
$994.0K
$1.4M
$1.4M
$1.2M
Deferred shipping revenues
$11.4M
$6.1M
$4.4M
$4.2M
Total current liabilities
$74.7M
$109.6M
$56.6M
$64.4M
Long-term debt
$389.2M
$330.8M
$398.4M
$367.1M
Derivative financial liabilities
$131.0K
—
—
$0
Other non-current liabilities
$5.6M
$3.5M
$5.5M
$3.5M
Total non-current liabilities
$395.0M
$334.3M
$404.0M
$370.6M
Total liabilities
$469.7M
$443.9M
$460.6M
$435.0M
Common stock at par value
$1.6M
$1.6M
$1.6M
$1.6M
Additional paid-in capital
$1.2B
$1.2B
$1.2B
$1.2B
Accumulated deficit
($96.2M)
($186.3M)
($206.5M)
($180.7M)
Translation differences
$498.0K
$39.0K
$201.0K
$138.0K
Other reserves
$3.6M
$5.3M
$3.6M
$3.6M
Total equity attributable to the Company
$1.1B
$1.0B
$1.0B
$1.1B
Non-controlling interest
$71.0K
$4.5M
$4.5M
$5.0M
Total stockholders' equity
$1.1B
$1.0B
$1.0B
$1.1B
Total liabilities and stockholders' equity
$1.6B
$1.5B
$1.5B
$1.5B
DHT Holdings Inc balance sheet, quarters
Line item
Sep 30, 2025
Sep 30, 2024
Sep 30, 2023
Sep 30, 2022
Cash and cash equivalents
$81.3M
$73.8M
$73.9M
$65.7M
Accounts receivable and accrued revenues
$34.0M
$58.6M
$55.7M
$50.4M
Capitalized voyage expenses
$1.5M
$2.8M
$2.8M
$3.7M
Prepaid expenses
$6.4M
$13.0M
$9.0M
$10.5M
Inventories
$23.5M
—
—
—
Asset held for sale
$0
—
—
—
Total current assets
$146.6M
$181.5M
$179.2M
$170.4M
Vessels
$1.0B
$1.2B
$1.3B
$1.3B
Vessels under construction
$190.9M
—
—
—
Advances for vessel and vessel upgrades
$11.9M
$0
$15.0K
$2.1M
Other property, plant and equipment
$5.3M
$5.3M
$5.0M
$4.9M
Goodwill
$1.4M
$1.4M
$1.4M
$1.4M
Total non-current assets
$1.3B
$1.3B
$1.3B
$1.3B
TOTAL ASSETS
$1.4B
$1.5B
$1.5B
$1.5B
Accounts payable and accrued expenses
$21.5M
$22.7M
$25.1M
$22.4M
Derivative financial liabilities
$111.0K
—
—
$0
Current portion long-term debt
$31.6M
$48.3M
$47.9M
$41.2M
Other current liabilities
$925.0K
$1.5M
$1.3M
$1.2M
Deferred shipping revenues
$6.7M
$2.7M
$4.4M
$3.1M
Total current liabilities
$60.8M
$75.3M
$78.8M
$67.9M
Long-term debt
$237.0M
$359.3M
$388.6M
$377.7M
Derivative financial liabilities
$243.0K
—
—
$0
Other non-current liabilities
$4.4M
$4.3M
$3.6M
$3.5M
Total non-current liabilities
$241.6M
$363.6M
$392.2M
$381.2M
TOTAL LIABILITIES
$302.4M
$438.9M
$471.0M
$449.1M
Common stock at par value
$1.6M
$1.6M
$1.6M
$1.6M
Additional paid-in capital
$1.2B
$1.2B
$1.2B
$1.2B
Accumulated deficit
($133.1M)
($205.9M)
($210.8M)
($236.1M)
Translation differences
$477.0K
$329.0K
$69.0K
($212.0K)
Other reserves
$2.9M
$3.9M
$3.1M
$3.1M
Total equity attributable to the Company
$1.1B
$1.0B
$1.0B
$1.0B
Non-controlling interest
$64.0K
$4.9M
$4.4M
$4.9M
Total equity
$1.1B
$1.0B
$1.0B
$1.0B
TOTAL LIABILITIES AND EQUITY
$1.4B
$1.5B
$1.5B
$1.5B
Cash flow statement
DHT Holdings Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Profit for the year
$211.0M
$181.5M
$161.4M
$62.0M
Depreciation and amortization
$106.4M
$111.9M
$108.9M
$123.3M
Reversal of prior impairment charges
$0
($27.9M)
—
$0
Amortization of deferred debt issuance cost
$2.5M
$2.6M
$3.0M
$2.9M
Loss on disposal of property, plant and equipment
$0
$0
$18.0K
—
Gain on sale of vessels
($52.9M)
$0
$0
($19.5M)
Capitalized interest
($9.6M)
—
—
—
Net loss on derivative instruments at fair value
$170.0K
—
—
—
Compensation related to options and restricted stock
$4.4M
$4.3M
$3.2M
$4.1M
Net foreign exchange differences
$320.0K
$10.0K
($32.0K)
($73.0K)
Gain on modification of debt
$0
$0
($693.0K)
($669.0K)
Accounts receivable and accrued revenues
($406.0K)
$22.1M
($16.4M)
($28.7M)
Capitalized voyage expenses
$766.0K
$99.0K
$250.0K
($1.4M)
Prepaid expenses
($2.5M)
$6.4M
($3.0M)
($3.5M)
Accounts payable and accrued expenses
($1.6M)
($163.0K)
($5.2M)
$5.6M
Deferred shipping revenues
$5.3M
$1.7M
$222.0K
($693.0K)
Inventories
$13.0M
($3.9M)
($738.0K)
$327.0K
Net cash provided by operating activities
$276.6M
$298.7M
$251.4M
$127.9M
Investment in vessels
($111.1M)
($6.7M)
($128.1M)
($9.9M)
Investment in vessels under construction
($198.5M)
($90.2M)
—
—
Proceeds from sale of vessels
$143.5M
$0
$0
$112.4M
Proceeds from sale of derivatives
$0
$0
$3.3M
—
Investment in other property, plant and equipment
($306.0K)
($149.0K)
($152.0K)
($243.0K)
Net cash used in investing activities
($166.4M)
($97.0M)
($125.0M)
$110.5M
Cash dividends paid
($118.9M)
($161.4M)
($186.7M)
($19.7M)
Acquisition of non-controlling interests
($6.1M)
—
—
—
Dividends paid to non-controlling interest
$0
$0
($590.0K)
—
Repayment principal element of lease liability
($1.4M)
($1.4M)
($1.4M)
($1.1M)
Issuance of long-term debt
$298.0M
$85.0M
$339.6M
$4.0M
Purchase of treasury shares
0
-13.2M
-18.8M
-24.8M
Repayment of long-term debt
($281.1M)
($106.9M)
($309.9M)
($131.8M)
Net cash used in financing activities
($109.5M)
($197.9M)
($177.8M)
($173.3M)
Net increase/(decrease) in cash and cash equivalents
$734.0K
$3.7M
($51.3M)
$65.1M
Net foreign exchange difference
$157.0K
($308.0K)
$119.0K
$209.0K
Cash and cash equivalents at beginning of period
$78.1M
$74.7M
$125.9M
$60.7M
Cash and cash equivalents at end of period
$79.0M
$78.1M
$74.7M
$125.9M
Interest paid
$21.4M
$31.3M
$29.5M
$23.4M
Interest received
$3.1M
$3.8M
$5.1M
$1.5M
DHT Holdings Inc cash flow statement, quarters
Line item
Sep 30, 2025 · YTD
Sep 30, 2024 · YTD
Sep 30, 2023 · YTD
Sep 30, 2022 · YTD
Profit/(loss) after tax
$144.9M
$126.7M
$126.1M
$161.0K
Items included in net income not affecting cash flows
$32.7M
$89.1M
$85.0M
$66.2M
Depreciation and amortization
$79.4M
$84.3M
$80.4M
$95.6M
Amortization of deferred debt issuance cost
$2.0M
$2.0M
$2.2M
$2.3M
(Gain) / loss, sale of vessels
($52.9M)
—
$0
($19.5M)
Fair value (gain)/loss on derivative financial liabilities
$354.0K
$0
$504.0K
($14.9M)
Compensation related to options and restricted stock
$3.7M
$2.9M
$2.6M
$3.5M
Net foreign exchange differences
$276.0K
($13.0K)
($11.0K)
($31.0K)
Income adjusted for non-cash items
$177.6M
$215.9M
$211.1M
$66.4M
Changes in operating assets and liabilities
$26.0M
$17.0M
($2.0M)
($28.7M)
Accounts receivable and accrued revenues
$19.3M
$17.3M
$3.8M
($19.7M)
Capitalized voyage expenses
$988.0K
($299.0K)
($18.0K)
($2.3M)
Prepaid expenses
$774.0K
$558.0K
$1.5M
($3.5M)
Accounts payable and accrued expenses
($9.8M)
$677.0K
($2.6M)
$1.5M
Deferred shipping revenues
$571.0K
($1.7M)
$222.0K
($1.8M)
Inventories
$14.2M
$508.0K
($4.7M)
($3.0M)
Net cash provided by operating activities
$203.7M
$232.9M
$209.1M
$37.6M
Investment in vessels
($13.5M)
($6.6M)
($125.9M)
($9.2M)
Investment in vessels under construction
($90.7M)
($77.3M)
—
—
Proceeds from sale of vessels
$143.5M
—
$0
$113.2M
Investment in other property, plant and equipment
($87.0K)
($69.0K)
($134.0K)
($97.0K)
Net cash provided by/(used in) investing activities
$39.2M
($84.0M)
($126.0M)
$112.2M
Cash dividends paid
($90.0M)
($125.9M)
($156.1M)
($13.2M)
Acquisition of non-controlling interests
($6.1M)
—
—
—
Repayment principal element of lease liability
($1.1M)
($1.0M)
($1.1M)
($730.0K)
Issuance of long-term debt
$64.7M
$75.0M
$315.7M
$0
Scheduled repayment of long-term debt
($40.3M)
($24.1M)
($15.6M)
($7.0M)
Prepayment of long-term debt
($130.3M)
($74.0M)
($45.0M)
($73.1M)
Repayment of long-term debt refinancing
($25.5M)
$0
($216.8M)
$0
Repayment of long-term debt, sale of vessels
($11.4M)
—
$0
($25.5M)
Net cash used in financing activities
($240.0M)
($150.0M)
($135.0M)
($144.3M)
Net (decrease)/increase in cash and cash equivalents