# REPORT OF FOREIGN PRIVATE ISSUER exhibit

- Source: edgar · Published: 2026-08-05 · Kind: report
- Original: https://www.sec.gov/Archives/edgar/data/1331284/000095015726000847/ex99-1.htm
- Local copy: `data/documents/DHT/2026-08-05_ex99-1.html`

**TL;DR —** DHT Holdings reported its strongest quarter ever in Q2 2026, driven by exceptionally high tanker rates, achieving a net profit of $198.3 million and declaring a $1.22 dividend per share.

## Takeaways
- **Record Profitability:** Q2 2026 net profit was $198.3 million ($1.23 EPS), marking the strongest quarter in company history and exceeding the previous full-year record for the first six months of 2026.
- **Soaring TCE Rates:** Average combined time charter equivalent (TCE) earnings reached $126,700 per day, with spot VLCCs earning $162,600 per day, reflecting exceptionally strong market conditions.
- **Significant Dividend Payout:** The company declared a cash dividend of $1.22 per share, consistent with its policy of paying out 100% of ordinary net income.
- **Fleet Expansion & Strategic Charters:** DHT added a new VLCC order for 2028 delivery, took delivery of a newbuilding (DHT Impala) in July 2026, and secured a 3-year time charter for DHT Jaguar at $75,000 per day.
- **Strengthened Financial Position:** Adjusted EBITDA was $231.0 million, and the company secured a new $250 million revolving credit facility with a 7-year tenor, while maintaining compliance with financial covenants.
- **Positive Market Outlook:** Geopolitical tensions, structural supply consolidation, strong asset price floors, and anticipated Chinese inventory replenishment are expected to continue driving strong tanker demand and rates.

*Generated 2026-10-14 via google/gemini-2.5-flash*