Höegh Autoliners ASA: Second quarter results and distribution of dividends

Oslo, 20 August 2026: Höegh Autoliners ("Höegh Autoliners" or the "Company",
ticker code: HAUTO) reported solid financial performance in the second quarter
of 2026. The gross revenue was USD 376 million/NOK 3,541 million, operating
profit (EBITDA) was USD 122 million/NOK 1,150 million, and net profit after tax
was USD 86 million/NOK 807 million.

Highlights of the quarter 
	Chinese vehicle exports exceeded 1 million units in June, 1H up 66% y-o-y
	The Middle East conflict continued to impact operations with disruption to
Middle East trades
	Elevated fuel price with negative impact to Q2 performance as fuel surcharge
revenue has 5-6 months time-lag
	One-off re-routing of cargo during Q2 and rising fuel inventory increasing
working capital
	Refinanced bank debt with extended maturity and reduced margin
	Q2 2026 dividend of USD 16 million (USD 0.0839 per share) declared and will be
paid end of August

Andreas Enger, CEO of Höegh Autoliners, comments: "Q2 was impacted by
geopolitical disruption that increased fuel costs and operational complexity
across our network. Despite these challenges, we maintained reliable service
offerings and found bespoke solutions for affected cargo together with our
customers. Looking ahead, strong and growing demand for roro shipping gives us
confidence in our ability to create long-term shareholder value."

Outlook
Demand for ocean transportation is accelerating, supported by strong growth in
exports from China for both vehicles and High & Heavy. The capacity market is
further tightening with +60% increase in July charter index price vs Q1.
Q3 remains impacted by high fuel prices and delayed BAF revenue, while cash
conversion is expected back to normal. Normalized performance with full run-rate
BAF compensation expected within Q3. Q3 EBITDA expected to be in line with Q2
2026

Please find attached the Q2 2026 report. The results will also be presented by
CEO Andreas Enger and CFO Espen Stubberud at 08:30 CET today. The presentation
will be held in English, and a recorded version of the webcast will be made
available on our website soon after the webcast ends.

Link to watch the webcast:
https://www.hoeghautoliners.com/investors/reports-and-other-resources/webcasts-a
nd-videos


For further information, please contact:
Andreas Enger, CEO 
[email protected]
+47 901 31 228 

Espen Stubberud, CFO 
[email protected]
+47 400 39 753

My Linh Vu, Head of Finance, Treasury and IR
[email protected]
[email protected]
+47 486 48 086

Media contact:
Camilla Knappskog, Director of Communications
[email protected]
+47 926 66 156


About Höegh Autoliners
Höegh Autoliners is a leading global provider of RoRo (Roll On Roll Off)
transportation services delivering cars, high and heavy and breakbulk cargoes
across the world. The Company operates around 40 RoRo vessels in global trade
systems and makes more than 2 000 port calls each year. Our purpose is to
develop innovative solutions for greener and more sustainable deep sea
transportation. We are on a path to a zero emissions future and are working
closely with customers and partners to achieve this. Höegh Autoliners has its
head office in Oslo, Norway and employs around 460 people in its 16 offices
worldwide and around 1 200 seafarers. 

This statement contains certain forward-looking statements concerning future
events. Forward-looking statements are statements that are not historical facts
and may be identified by words such as "anticipate", "believe", "continue",
"estimate", "expect", "intends", "may", "should", "will" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies, and other important factors which are difficult or
impossible to predict and are beyond its control. Actual events may differ
significantly from any anticipated development due to a number of factors,
including without limitation, changes in investment levels and need for the
Company's services, changes in the general economic, political and market
conditions in the markets in which the Company operates, the Company's ability
to attract, retain and motivate qualified personnel, changes in the Company's
ability to engage in commercially acceptable acquisitions and strategic
investments, and changes in laws and regulation and the potential impact of
legal proceedings and actions. Such risks, uncertainties, contingencies and
other important factors include, but are not limited to, the possibility that we
will determine not to, or be unable to, issue any equity securities, and could
cause actual events to differ materially from the expectations expressed or
implied in this release by such forward-looking statements.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
ard-looking statements.\
\
This information is subject to the disclosure requirements pursuant to section\
5-12 of the Norwegian Securities Trading Act.\