Shareholder information
Share capital and share price development
Höegh Autoliners’ shares are traded under the ticker “HAUTO”. The Company was first listed on Euronext Growth Oslo on 29 November 2021 and subsequently transferred to the Oslo Stock Exchange main list on 2 May 2022. As of 31 December 2025, the Company had 190 769 749 outstanding shares, each with a nominal value of NOK 1.00.
The share price was at NOK 119 at the beginning of the year. Orderbook concerns, combined with several waves of tariffs and spike of USTR port fees triggered sharp declines in share price in Q2 and Q4. Where the stock price fell to its lowest level around early April 2025. Despite this volatility, the market remained tight, supported by strong export growth from China, and Höegh Autoliners continued to demonstrate solid operational and financial resilience. The Company delivered a robust operational result of USD 621 million, and total dividend payout during 2025 was USD 415 million. The share price gradually recovered towards the end of the year on the back of the one-year suspension of the USTR port fee and solid trading updates, closing at NOK 98.05 per share at year end. Including dividends paid during the year, the total shareholder return for 2025 was 1.5%.
Key figures
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Share price, high (NOK) | 119.10 | 142.80 | 94.20 |
| Share price, low (NOK) | 67.25 | 90.55 | 54.70 |
| Share price, closing 31.12 (NOK) | 98.05 | 113.20 | 92.25 |
| Market cap (NOK billion) | 18.70 | 21.60 | 17.60 |
| Earnings per share (NOK) | 27.13 | 36.79 | 31.17 |
| Dividend per share (NOK) | 22.82 | 47.61 | 13.55 |
| Notes: 1) Source: Euronext live 2) Assumed USD/NOK rate of 10.08 as of 31.12.2025, 11.35 as of 31.12.2024 and 10.17 as of 31.12.2023 |
|||
Dividend
Höegh Autoliners commenced quarterly dividend payout since the second quarter in 2022 and started to distribute around 100% of cash generation after amortization of debt facilities, capital expenditures and payable taxes since the fourth quarter of 2023. In light of the ongoing geopolitical uncertainties, especially the overnight sharp spike of USTR port fees in October 2025, it became evident for the Company to maintain a stronger liquidity reserve, and thus revised the dividend policy as follows, effective from October 2025:
“Höegh Autoliners (HAUTO) aims to distribute quarterly dividends based on all available cash generation in excess of a targeted minimum cash balance at the end of each preceding quarter. Any declaration of dividends will be at the discretion of the Board of Directors considering also the outlook and the Company’s financial position.”
Th Board of Directors resolved to the distribution of USD 158 million (USD 0.83 per share) post Q1 2025, USD 137 million (USD 0.72 per share) post Q2 2025 and USD 30 million (USD 0.16 per share) post Q3 2025. The dividend for Q4 2025 was declared at USD 99 million and was paid out in March 2026.
-
18 879As per 31.12.2025, Höegh Autoliners had 18 879 shareholders. -
72 %Our top 20 largest shareholders held 72% of our shares. -
52 %The majority of the shares were held in Norway.
Top 20 largest shareholders per 31.12.2025
| Investor | Number of shares | % of total | Country |
|---|---|---|---|
| Leif Höegh & Co AS | 68 750 000 | 36.04 % | NOR |
| Clearstream Banking S.A. | 31 252 121 | 16.38 % | LUX |
| UBS Switzerland AG | 7 010 000 | 3.67 % | ITA |
| Avanza Bank AB | 3 688 403 | 1.93 % | SWE |
| Folketrygdfondet | 3 351 872 | 1.76 % | NOR |
| State Street Bank and Trust Comp A/C | 3 266 176 | 1.71 % | USA |
| State Street Bank and Trust Comp | 3 005 856 | 1.58 % | USA |
| Nordnet Bank AB | 2 065 265 | 1.08 % | SWE |
| JP Morgan Chase Bank N.A, London | 1 519 563 | 0.80 % | USA |
| Interactive Brokers LLC | 1 506 822 | 0.79 % | USA |
| Brown Brothers Harriman & Co | 1 466 319 | 0.77 % | ISR |
| Verdipapirfondet Alfred Berg Gamba | 1 385 000 | 0.73 % | NOR |
| U.S. Bank National Association | 1 372 549 | 0.72 % | USA |
| Euroclear Bank S.A/N.V. | 1 334 857 | 0.70 % | BEL |
| BNP Paribas | 1 304 460 | 0.68 % | LUX |
| Caceis Bank | 1 235 751 | 0.65 % | LUX |
| State Street Bank and Trust Comp | 1 209 675 | 0.63 % | USA |
| Citibank N.A. | 1 159 790 | 0.61 % | IRL |
| BNP Paribas | 1 110 000 | 0.58 % | ITA |
| The Bank of New York Mellon SA/NV | 1 064 722 | 0.56 % | BEL |
| Top 20 shareholders - Total | 138 059 201 | 72.37 % | |
Investor relation
Höegh Autoliners aims at an open and trustful dialogue with the financial market, and all communication shall be on basis of equal treatment. In addition to the quarterly reporting, the Company keeps the investors and analysts updated by sending out monthly trading updates, arranging roadshows and investor events, together with attending industry conferences. Both virtual and physical meetings were organised to provide all investors – domestic and international – with latest developments. As per the date of the report, Höegh Autoliners is covered by 8 sell-side analysts, predominantly from international investment banks. For more investor related information, please visit the Investor section on the Company’s website.
Financial calendar 2025
Annual Report 2025
16 April 2026
Quarterly Presentations
Q1 2026: 8 May 2026
Q2 2026: 20 August 2026
Q3 2026: 19 November 2026
Annual General Meeting
27 May 2026
Analyst coverage
| Company | Analyst Name | Phone | |
|---|---|---|---|
| ABG Sundal Collier | Petter Haugen | +47 22 01 61 39 | petter.haugen@abgsc.no |
| Arctic Securities | Kristoffer Barth Skeie | +47 41 36 36 63 | kristoffer.skeie@arctic.com |
| Clarksons Platou Securities | Frode Mørkedal | +47 22 01 63 27 | frode.morkedal@clarksons.com |
| DNB Markets | Jørgen Lian | +47 24 16 91 88 | jorgen.Lian@dnb.no |
| Fearnley Securities | Fredrik Dybwad | +47 22 93 63 73 | f.dybwad@fearnleys.com |
| Nordea | Sondre Snesrud | +47 90 25 05 11 | sondre.snesrud@nordea.com |
| Pareto Securities | Eirik Haavaldsen | +47 24 13 21 20 | eirik.haavaldsen@paretosec.com |
| SEB | Johan Bergland | +47 90 59 26 77 | johan.bergland@seb.no |
