
DHT Holdings Income Statement 2025-2011 | DHT
Brief overview of financial performance at DHT Holdings
The conclusions below are based on five years of reported results. DHT Holdings reported revenue of $691 million in 2020 and $498 million by 2025. The five-year change reached −27.9%, while CAGR stood at −6.3%. The negative rate indicates weakening core operations.
EBITDA was 314 million dollars at the beginning and 225 million dollars at the end of the period (−28.3%). Operating performance was consistent with the change in sales. At the operating-margin level, the figure shifted from 45.4% to 45.1%. Operating profitability remained broadly stable.
Net profit was $266 million at the start and $211 million at the end. The decline reduces the quality of the financial trajectory.
Market capitalization changed from $705 million to $2.9 billion (+312.6%). The share-price trend moved ahead of the financial performance.
Overall conclusion
Positive developments coexist with areas of weakness. The financial profile benefits from a steady EBITDA margin. Caution is warranted because of limited revenue growth and a weaker final result. The key question is whether sales can be converted into sustainable profit.
Annual Income Statement DHT Holdings
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
2.91 B | 1.52 B | 1.87 B | 1.67 B | 872 M | 705 M | 914 M | 418 M | 326 M | 430 M | 536 M | 538 M | 148 M | 56.3 M | 68.4 M |
Shares |
161 M | 161 M | 162 M | 165 M | 169 M | 143 M | 143 M | 143 M | 125 M | 93.4 M | 92.8 M | 73.1 M | 17.5 M | 12 M | 5.23 M |
Historical Prices |
18.1 | 9.45 | 11.5 | 10.1 | 5.15 | 4.91 | 6.37 | 2.92 | 2.62 | 2.89 | 4.84 | 4.15 | 3.83 | 2.24 | 4.35 |
Net Income |
211 M | 181 M | 161 M | 62 M | -11.5 M | 266 M | 73.7 M | -46.9 M | 6.6 M | 9.26 M | 105 M | 12.9 M | -4.13 M | -94.1 M | -40.3 M |
Revenue |
498 M | 572 M | 561 M | 454 M | 296 M | 691 M | 535 M | 376 M | 355 M | 356 M | 365 M | 151 M | 87 M | 97.2 M | 100 M |
Gross Profit |
- | - | - | - | - | 344 M | 154 M | 34.8 M | 72.6 M | 144 M | 158 M | 13.6 M | 10.5 M | 23 M | 61.9 M |
Operating Income |
225 M | 211 M | 193 M | 74.2 M | 202 K | 314 M | 139 M | 16.3 M | 43.3 M | - | - | - | - | - | - |
Interest Expense |
14.2 M | 30.4 M | 33.1 M | 26.2 M | 25.7 M | 38.4 M | 55.3 M | 54.2 M | 40.1 M | 35.1 M | 33.6 M | - | - | - | - |
EBITDA |
225 M | 211 M | 193 M | 74.2 M | 202 K | 314 M | 139 M | 16.3 M | 43.3 M | 209 M | 215 M | 40.6 M | 28.6 M | 45.6 M | 52.7 M |
Operating Expenses |
327 M | 361 M | 367 M | 399 M | 315 M | 377 M | 396 M | 360 M | 312 M | 19.4 M | 21.6 M | 18.1 M | 8.83 M | 9.79 M | 39.4 M |
General and Administrative Expenses |
19.9 M | 18.9 M | 17.4 M | 16.9 M | 16.6 M | 17.9 M | 14.8 M | 15.1 M | 17.2 M | 19.4 M | 21.6 M | 18.1 M | 8.83 M | 9.79 M | 9.15 M |
All numbers in USD currency
Quarterly Income Statement DHT Holdings
| 2025-Q4 | 2025-Q3 | 2025-Q2 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
161 M | 161 M | - | 161 M | 161 M | - | 162 M | 162 M | - | - | - | - | - | - | 168 M | - | - | - | 171 M | - | - | - | 143 M | - | - | - | 144 B | - | - | - | 142 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
211 M | 44.8 M | - | 181 M | 35.2 M | - | 161 M | 31 M | - | - | - | - | - | - | -21 M | - | - | - | 50.7 M | - | - | - | -9.39 M | - | - | - | 21.5 M | - | - | - | 5.07 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
498 M | 107 M | - | 572 M | 142 M | - | 561 M | 132 M | - | - | - | - | - | - | 59.1 M | - | - | - | 142 M | - | - | - | 105 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
225 M | 47.4 M | - | 211 M | 42.3 M | - | 193 M | 39.1 M | - | - | - | - | - | - | -16.2 M | - | - | - | 56.9 M | - | - | - | 6.33 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
14.2 M | 2.59 M | - | 30.4 M | 7.32 M | - | 33.1 M | 8.79 M | - | - | - | - | - | - | 6.35 M | - | - | - | 8.86 M | - | - | - | 13.8 M | - | - | - | 13.3 M | - | - | - | 10.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
225 M | 47.4 M | - | 211 M | 42.3 M | - | 193 M | 39.1 M | - | - | - | - | - | - | -16.2 M | - | - | - | 56.9 M | - | - | - | 6.33 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
327 M | 76.6 M | - | 361 M | 99.8 M | - | 367 M | 92.5 M | - | - | - | - | - | - | 75.3 M | - | - | - | 85.3 M | - | - | - | 98.4 M | - | - | - | 95.2 M | - | - | - | 79.5 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
19.9 M | 4.13 M | - | 18.9 M | 4.17 M | - | 17.4 M | 4.3 M | - | - | - | - | - | - | 4.42 M | - | - | - | 4.08 M | - | - | - | 3.52 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company DHT Holdings (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.