DHT (DHT) financial statements
DHT reported revenue of $498M in fiscal 2025, up 32.2% a year over 9 years.
Net income was $211M.
The diluted share count fell 100% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from DHT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41M | $355M | $376M | $535M | $691M | $296M | $454M | $561M | $572M | $498M |
| Selling, general and admin | $19M | $17M | $15M | $15M | $18M | $17M | $17M | $17M | $19M | $20M |
| Operating income | — | $43M | $16M | $139M | $314M | $202,000 | $74M | $193M | $211M | $225M |
| Interest expense | $35M | $40M | $54M | $55M | $38M | $26M | $26M | $33M | $30M | $14M |
| Pre-tax income | $9M | $7M | -$47M | $74M | $267M | -$11M | $63M | $162M | $182M | $211M |
| Income tax | — | $131,000 | $83,000 | $131,000 | $900,000 | $360,000 | $587,000 | $649,000 | $608,000 | $413,000 |
| Net income | $9M | $7M | -$47M | $74M | $266M | -$12M | $62M | $161M | $181M | $211M |
| EPS (diluted) | $0.10 | $0.05 | -$0.33 | $0.51 | $1.61 | -$0.07 | $0.37 | $0.99 | $1.12 | $1.31 |
| Diluted shares | 93.39B | 125M | 143M | 168M | 170M | 169M | 165M | 162M | 161M | 161M |
| Operating margin | — | 12.2% | 4.3% | 26.0% | 45.4% | 0.1% | 16.3% | 34.4% | 36.8% | 45.1% |
| Net margin | 22.9% | 1.9% | -12.5% | 13.8% | 38.5% | -3.9% | 13.5% | 28.8% | 31.7% | 42.4% |
Balance sheet
Fiscal years, from DHT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $109M | $77M | $95M | $67M | $69M | $61M | $126M | $75M | $78M | $79M |
| Receivables | $34M | $42M | $60M | $108M | $30M | $30M | $59M | $76M | $54M | $53M |
| Inventory | — | — | — | — | — | — | — | $34M | $38M | $25M |
| Total current assets | $179M | $167M | $193M | $218M | $118M | $132M | $236M | $200M | $202M | $209M |
| Property, plant and equipment | — | — | — | $1.6B | $1.5B | $1.5B | $1.3B | $1.3B | $1.2B | — |
| Goodwill | — | — | — | — | — | $0 | $1M | $1M | $1M | $1M |
| Total assets | $1.4B | $1.7B | $1.9B | $1.8B | $1.6B | $1.6B | $1.5B | $1.5B | $1.5B | $1.6B |
| Total current liabilities | $74M | $83M | $124M | $130M | $48M | $42M | $64M | $57M | $110M | $75M |
| Long-term debt | $644M | $721M | $873M | $751M | $447M | $513M | $367M | $398M | $331M | $389M |
| Total liabilities | $719M | $805M | $1.0B | $895M | $513M | $562M | $435M | $461M | $444M | $470M |
| Shareholders' equity | $685M | $926M | $862M | $932M | $1.1B | $1.0B | $1.1B | $1.0B | $1.0B | $1.1B |
| Net debt | $535M | $644M | $779M | $683M | $378M | $452M | $241M | $324M | $253M | $310M |
Cash flow
Fiscal years, from DHT's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | — | $102M | $54M | $156M | $530M | $61M | $128M | $251M | $299M | $277M |
| Capital spending | $25M | $17M | $88,000 | $79,000 | $435,000 | $48,000 | — | — | — | — |
| Free cash flow | — | $85M | $54M | $156M | $529M | $61M | — | — | — | — |
| Dividends paid | $66M | $23M | $11M | $29M | $215M | $22M | $20M | $187M | $161M | $119M |
| Share buybacks (net) | $2M | $0 | -$5M | -$3M | — | -$32M | -$25M | -$19M | -$13M | — |
| Net borrowing | — | $93M | $129M | -$91M | -$287M | -$283M | -$132M | -$310M | -$107M | -$281M |
| Free cash flow margin | — | 23.8% | 14.3% | 29.1% | 76.6% | 20.5% | — | — | — | — |
| Dividends per share | $0.00 | $0.19 | $0.08 | $0.17 | $1.26 | $0.13 | $0.12 | $1.15 | $1.00 | $0.74 |
Every line, every quarterThe deep dive has fifteen-plus years of statements, quarterly results, charts and valuation models for DHT.
Open DHT in InvestinglyQuestions
What was DHT's revenue in 2025?
$498M in fiscal 2025, from its 10-K filing.
From DHT's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.