# EDGAR Filing Document

**Accession Number:** 0001331284
**File Stem:** 0001140361-25-039714
**Filing Date:** 2025-10
**Character Count:** 72732
**Document Hash:** ee54b26fedeadfd33980ced347fbfd59
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-039714.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0001140361-25-039714

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 54

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DHT Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001331284
- **STANDARD INDUSTRIAL CLASSIFICATION:** DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** 1T
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-32640
- **FILM NUMBER:** 251430483

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** CLARENDON HOUSE
- **STREET 2:** 2 CHURCH STREET
- **CITY:** HAMILTON
- **PROVINCE COUNTRY:** D0
- **BUSINESS PHONE:** 1 441 299-4912

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** CLARENDON HOUSE
- **STREET 2:** 2 CHURCH STREET
- **CITY:** HAMILTON
- **PROVINCE COUNTRY:** D0

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DHT Maritime, Inc.
- **DATE OF NAME CHANGE:** 20080627

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Double Hull Tankers, Inc.
- **DATE OF NAME CHANGE:** 20050624

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### SECURITIES AND EXCHANGE COMMISSION

#### Washington, D.C. 20549

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#### <br>

### Form 6-K

#### <br>

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#### Report of Foreign Private Issuer

#### Pursuant to Rule 13a-16 or 15d-16 under

#### the Securities Exchange Act of 1934

#### For the month of October 2025

#### Commission File Number 001-32640

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## DHT HOLDINGS, INC.
(Exact name of Registrant as specified in its charter)

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Clarendon House

2 Church Street, Hamilton HM 11

Bermuda

(Address of principal executive offices)

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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☑ Form 40-F ☐

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<u>Press Releases</u>

The press release issued by DHT Holdings, Inc. (the "Company") on October 29, 2025 related to its results for the third quarter of 2025 is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

<u>Incorporation by Reference</u>

Exhibit 99.1 to this Report on Form 6-K shall be incorporated by reference into the Company's registration statements on Form F-3 (file Nos. 333-239430 and 333-270800), initially filed with the Securities and Exchange Commission on June 25, 2020 and March 23, 2023, respectively, as amended, to the extent not superseded by information subsequently filed or furnished (to the extent the Company expressly states that it incorporates such furnished information by reference) by the Company under the Securities Act of 1933 or the Securities Exchange Act of 1934, in each case as amended.

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#### EXHIBIT LIST

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| | |
|:---|:---|
| **Exhibit** | **Description** |
| [99.1](ef20050386_ex99-1.htm) | Press Release dated October 29, 2025 |
| 101.INS | Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document) |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document |

---

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#### SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

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| | | | |
|:---|:---|:---|:---|
|  |  | DHT Holdings, Inc. | DHT Holdings, Inc. |
|  |  | (Registrant) | (Registrant) |
| Date: October 29, 2025 | By: | /s/ Laila C. Halvorsen | /s/ Laila C. Halvorsen |
|  |  | Name: | Laila C. Halvorsen |
|  |  | Title: | Chief Financial Officer |

---

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## Exhibit 99.1

?xml version='1.0' encoding='ASCII'?

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**Exhibit 99.1**

![graphic](image00002.jpg)

### DHT Holdings, Inc. Third Quarter 2025 Results
HAMILTON, BERMUDA, October 29, 2025 – DHT Holdings, Inc. (NYSE: DHT) ("DHT" or the "Company") today announced:

#### FINANCIAL HIGHLIGHTS:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **USD mill. (except per share)** | **Q3 2025** | **Q2 2025** | **Q1 2025** | **Q4 2024** | **Q3 2024** | **2024** | **2023** |
| Shipping revenues | 107.2 | 127.9 | 118.2 | 130.8 | 141.1 | 567.8 | 556.1 |
| Adjusted net revenues<sup>1</sup> | 79.1 | 92.8 | 79.3 | 85.5 | 92.6 | 388.2 | 390.4 |
| Adjusted EBITDA<sup>2</sup> | 57.7 | 69.0 | 56.4 | 60.6 | 70.4 | 294.6 | 302.0 |
| Profit/(loss) after tax | 44.8 | 56.0 | 44.1 | 54.7 | 35.2 | 181.5 | 161.4 |
| EPS – basic | 0.28 | 0.35 | 0.27 | 0.34 | 0.22 | 1.12 | 0.99 |
| EPS – diluted | 0.28 | 0.35 | 0.27 | 0.34 | 0.22 | 1.12 | 0.99 |
| Dividend<sup>3</sup> | 0.18 | 0.24 | 0.15 | 0.17 | 0.22 | 0.95 | 0.99 |
| Interest bearing debt | 268.5 | 302.8 | 364.1 | 409.4 | 407.6 | 409.4 | 428.7 |
| Cash and cash equivalents | 81.2 | 82.7 | 80.5 | 78.1 | 73.8 | 78.1 | 74.7 |
| Net debt | 187.3 | 220.1 | 283.6 | 331.3 | 333.8 | 331.3 | 354.0 |

---

#### QUARTERLY HIGHLIGHTS:
&nbsp;&nbsp;&nbsp;&nbsp;• In the third quarter of 2025, the Company achieved average combined time charter equivalent earnings of $40,500 per day, comprised of $38,700 per day for the Company's VLCCs operating in the spot market and
 $42,800 per day for the Company's VLCCs on time charter.

&nbsp;&nbsp;&nbsp;&nbsp;• Adjusted EBITDA for the third quarter of 2025 was $57.7 million. Net profit for the quarter was $44.8 million, equating to $0.28 per basic share. After adjusting for the $15.7 million gain on the
 sale of DHT Peony, and the non-cash fair value loss related to interest rate derivatives of $0.4 million, the Company had ordinary net income for the quarter of $29.5 million, equating to $0.18 per basic share.

&nbsp;&nbsp;&nbsp;&nbsp;• As announced in April, the Company entered into an agreement to sell DHT Lotus and DHT Peony, both built in 2011, for a combined price of $103.0 million. DHT Lotus was delivered to its new owner in the second quarter of 2025. DHT Peony
 was delivered on July 30, 2025, and the Company recorded a gain of $15.7 million in the third quarter related to the sale.

&nbsp;&nbsp;&nbsp;&nbsp;• In July 2025, the Company entered into a $308.4 million senior secured credit facility for the post-delivery financing of the Company's four newbuildings. The vessels are currently under construction at Hyundai Samho Heavy Industries and
 Hanwha Ocean (formerly known as Daewoo Shipbuilding & Marine Engineering), in South Korea, and are scheduled for delivery during the first half of 2026. The facility is co-arranged by ING Bank and Nordea Bank Abp, with ING Bank as
 Coordinator, Facility Agent, Security Agent and ECA Agent. The facility bears interest at a rate equal to SOFR plus a weighted average margin of 1.32%. The maturity date of the facility in relation to each vessel is 12 years from the
 delivery date of each vessel with a 20-year repayment profile. Other terms and conditions are broadly in line with DHT's current credit facilities.

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&nbsp;&nbsp;&nbsp;&nbsp;• In the third quarter of 2025, the Company paid $25.7 million in installments under its newbuilding program. As of September 30, 2025, the Company has paid in total $179.8 million, while the remaining
 expected installments under the newbuilding program totals $339.9 million.

&nbsp;&nbsp;&nbsp;&nbsp;• In September 2025, the Company voluntarily prepaid $22.1 million under the Nordea Credit Facility, covering all scheduled installments for Q4 2025 and the entirety of 2026.

&nbsp;&nbsp;&nbsp;&nbsp;• In September 2025, the Company entered into a secured credit agreement with Nordea Bank Abp for a $64 million reducing revolving credit facility to finance the vessel acquisition announced in June. The vessel, to be named DHT Nokota,
 built in 2018, is expected to be delivered into DHT's fleet during the fourth quarter. The facility bears interest at a rate equal to SOFR plus a margin of 1.50%, has a final maturity in September 2032, and follows the Company's
 established approach to financing.

&nbsp;&nbsp;&nbsp;&nbsp;• In the third quarter of 2025, the Company entered into 3-year amortizing interest rate swap agreements totaling $200.6 million. The average fixed interest rate is 3.32%, compared to current 3 months term
 SOFR of 3.84%, and maturity is in the fourth quarter of 2028.

&nbsp;&nbsp;&nbsp;&nbsp;• For the third quarter of 2025, the Company declared a cash dividend of $0.18 per share of outstanding common stock, payable on November 19, 2025, to shareholders of record as of November 12, 2025. This marks the 63<sup>rd</sup>consecutive quarterly cash dividend and is in line with the Company's capital allocation policy to pay out 100% of ordinary net income. The shares will
 trade ex-dividend from November 12, 2025.

OPERATIONAL HIGHLIGHTS:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Q3 2025** | **Q2 2025** | **Q1 2025** | **Q4 2024** | **Q3 2024** | **2024** | **2023** |
| Operating days<sup>4</sup> | **1961.2** | 2030.2 | 2084.2 | 2208.0 | 2208.0 | 8784.0 | 8548.7 |
| Scheduled off hire days | **-** | 24.1 | - | 1.0 | 23.9 | 93.1 | 251.8 |
| Unscheduled off hire<sup>5</sup> | **0.2%** | 0.0% | 0.0% | 0.1% | 0.0% | 1.1% | 0.9% |
| Revenue days<sup>6</sup> | **1951.2** | 2003.4 | 2076.9 | 2205.8 | 2184.4 | 8594.9 | 8221.0 |
| Spot exposure<sup>5</sup> | **54.9%** | 60.1% | 70.6% | 73.4% | 74.5% | 76.4% | 75.6% |
| VLCC time charter rate per day | $**42800** | $42800 | $42700 | $40500 | $38800 | $38900 | $36400 |
| VLCC spot rate per day | $**38700**  | $48700 | $36300 | $38200 | $43700 | $47200  | $51200 |

---

The VLCC market is demonstrating significant strength driven by growing demand for seaborne transportation of crude oil in combination with the increasingly favourable structure of the fleet. VLCCs, the work horse of the crude oil transportation market, are regaining their market share through its most competitive freight offering. Geopolitics, trade and tariff dynamics, sanctions, and conflicts are adding to the picture creating disruptions. The global fleet is becoming segmented thereby reducing its efficiency and productivity.

OPEC's decision to reduce spare capacities by reversing production cuts and bringing more crude oil to the market seems to be well absorbed, in part by Chinese demand for both consumption and stockpiling. Research suggests Chinese stockpiling to not only be short term and opportunistic, but a longer-term need to fill its increased storage capacity and meet defined requirements for strategic storage. Further, it suggests a need to boost its oil security with concerns of interruption in supply from sanctions and political conflicts playing a part. Lastly, a diversification in foreign reserves by buying oil and gold.

Several of our customers are expanding their footprints and are presenting opportunities with strong demand for our services and more ships. We are grateful for this encouraging support which leaves us highly constructive on our franchise and future.

We have what we believe to be a resilient strategy with a focus on solid customer relations offering safe and reliable services, maintaining a competitive cost structure with robust break-even levels, a strong balance sheet, and a clear capital allocation policy. The whole DHT team continues to work hard and operate with leading governance standards and a high level of integrity.

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As of September 30, 2025, DHT had a fleet of 21 VLCCs, with a total dwt of 6,521,196. For more details on the fleet, please refer to the web site: https://www.dhtankers.com/fleetlist/

#### SUBSEQUENT EVENT HIGHLIGHTS:
&nbsp;&nbsp;&nbsp;&nbsp;• On October 13, 2025, Mr. Svein Moxnes Harfjeld, President & Chief Executive Officer of DHT Holdings, Inc., was appointed to the Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;• Effective October 14, 2025, all of the Group's subsidiaries previously domiciled in the Cayman Islands have been redomiciled to the Marshall Islands. As a result, all of the Group's ship owning subsidiaries are now domiciled in the
 Marshall Islands.

#### RISK FACTOR UPDATE
**Political and economic decisions globally, including the effects of tariffs and other trade measures, could adversely affect our business, results of operations and financial condition.**

Our vessels are trading globally, and the operation of our vessels is therefore exposed to political and economic risks across multiple jurisdictions. Trade tensions between the U.S. and China, in particular, have escalated in recent periods. In early 2025, the Office of the U.S. Trade Representative ("USTR") determined to impose additional port fees targeting China's maritime, logistics and shipbuilding sectors. The U.S. port fees went into effect on October 14, 2025, and were structured to impact certain Chinese-linked vessels that call at U.S. ports. We do not have any Chinese built or flagged vessels and we do not believe that any of our vessels are subject to the U.S. port fees.

In response to the U.S. port fees, China's Ministry of Transport announced on October 10, 2025 parallel Chinese port fees on vessels that call at Chinese ports and are deemed to have a U.S. nexus, including vessels that are owned, operated or controlled by U.S. persons and vessels associated with enterprises in which U.S. persons directly or indirectly hold 25% or more of equity, voting rights or board seats. The Chinese port fees went into effect on October 14, 2025.

Although, based on information currently available, we do not believe that our vessels are subject to the Chinese port fees, the scope, interpretation and enforcement of these measures remain uncertain and are subject to change without notice. For example, the Chinese port fee regime contemplates a 25% U.S. ownership or control threshold, but the authorities have not provided definitive guidance on how "ownership," "control" or "U.S. persons" will be assessed, whether aggregate U.S. holdings across multiple investors will be combined, or what evidentiary showing will be required. As a U.S.-listed, widely held company, we do not have complete, real time visibility into the nationality or ultimate beneficial ownership of all of our public shareholders, including shares held in street name, through custodians, exchange traded funds or other nominees. We may be unable to demonstrate below-threshold U.S. ownership to the satisfaction of Chinese authorities, which could subject our vessels to the port fees or to delays or added expenses even if we believe the threshold is not met. If our vessels call on Chinese ports and we are unable to pass through these fees and expenses under our existing charter contracts, these additional operating costs could adversely affect our results of operations, financial condition and cash flows.

Further, these new measures may disrupt trade flows and chartering preferences, advantaging vessels perceived as non-covered and disadvantaging vessels with any potential nexus to the U.S., regardless of actual ownership percentages. Market uncertainty may reduce the pool of charterers willing to employ our vessels on China related trades, increase competition for alternative routes and degrade time charter equivalent performance.

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The ultimate impact that these trade measures will have will depend on how they are interpreted and enforced in practice, the duration and magnitude of the fees and our ability to mitigate exposure through contractual pass throughs and other actions. Recent trade discussions between U.S. and Chinese officials introduced the possibility of a framework whereby the port fees could be reduced or eliminated, but there is no certainty whether the framework will be enacted or what the outcome of the ongoing negotiations will be. Accordingly, the overall impact of these trade measures remains highly uncertain at this time.

#### OUTLOOK:

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| | |
|:---|:---|
|  | **Estimated<br> Q4 2025** |
| Total term time charter days | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 901 |
| Average term time charter rate ($/day) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $42200 |
| Total spot days for the quarter | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1070 |
| Spot days booked to date | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 730 |
| Average spot rate booked to date ($/day) | $64900 |
| Spot P&L break-even for the quarter | $15200 |

---

<sup>\*</sup> The month of October includes estimated profit-sharing. The months of November and December assume only the base rate.

&nbsp;&nbsp;&nbsp;&nbsp;• Thus far in the fourth quarter of 2025, 68% of the available VLCC spot days have been booked at an average rate of $64,900 per day on a discharge-to-discharge basis. 83% of the available VLCC
 days, combined spot and time charter days, have been booked at an average rate of $52,400 per day.

<u>Footnotes:</u>

*<sup>1</sup>Shipping revenues net of voyage expenses.*

*<sup>2</sup>See reconciliation under "Reconciliation of non-gaap financial measures"*

*<sup>3</sup>Per common share.*

*<sup>4</sup>Operating days are the aggregate number of calendar days in the period in which the vessels are owned by the Company or chartered by the Company.*

*<sup>5</sup>As % of total operating days in period.*

*<sup>6</sup>Revenue days are the aggregate number of calendar days in the period in which the vessels are owned by the Company or chartered by the Company less days on which a vessel is off hire or repositioning days in connection with sale.*

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#### THIRD QUARTER 2025 FINANCIALS
The Company reported shipping revenues for the third quarter of 2025 of $107.2 million compared to shipping revenues of $141.1 million in the third quarter of 2024.The decrease from the 2024 period to the 2025 period includes $18.9 million attributable to lower time charter equivalent rates and $15.1 million attributable to a decrease in total revenue days resulting from a smaller fleet size.

Other revenues for the third quarter of 2025 were $0.2 million compared to $1.0 million in the third quarter of 2024 and relate to technical management services provided. The decrease is due to a reduction in the fleet size for which the Company provides third-party technical management services.

Other income for the third quarter of 2025 was $1.0 million which related to the distribution of equity received from The Norwegian Shipowner's Mutual War Risk Insurance Association.

The Company recorded a gain of $15.7 million in the third quarter of 2025 related to the sale of DHT Peony. There was no gain on sale of vessels in the third quarter of 2024.

Voyage expenses for the third quarter of 2025 were $28.0 million, compared to voyage expenses of $48.5 million in the third quarter of 2024. The decrease was primarily due to fewer vessels operating in the spot market during the quarter, which led to a reduction in voyage expenses. Specifically, bunker expenses decreased by $18.7 million, port expenses by $1.3 million, broker commission by $0.3 million, and other voyage-related costs by $0.1 million. Voyage expenses will generally vary depending on the actual trading patterns during a quarter.

Vessel operating expenses for the third quarter of 2025 were $18.4 million compared to $19.0 million in the third quarter of 2024. The decrease was mainly related to a reduction in operating days due to less vessels in the fleet.

Depreciation and amortization, including depreciation of capitalized survey expenses, was $26.0 million for the third quarter of 2025, compared to $28.1 million in the third quarter of 2024. The decrease was due to a decrease in vessel depreciation of $1.4 million and a decrease in depreciation of drydocking and exhaust gas cleaning systems of $0.7 million, due to fewer vessels in the fleet.

General and administrative ("G&A") expense for the third quarter of 2025 was $4.1 million, consisting of $3.4 million cash and $0.7 million non-cash charges, compared to $4.2 million in the third quarter of 2024, consisting of $3.2 million cash and $1.0 million non-cash charges. Non-cash G&A expense includes accrual for social security tax.

Net financial expenses for the third quarter of 2025 were $2.5 million compared to $7.0 million in the third quarter of 2024. The decrease was mainly due to decreased interest expense of $4.7 million, partially offset by a non-cash loss of $0.4 million related to interest rate derivatives and a $0.1 million decrease in interest income, due to a decline in interest rates.

As a result of the foregoing, the Company had a net profit in the third quarter of 2025 of $44.8 million, or earnings of $0.28 per basic share and $0.28 per diluted share, compared to a net profit in the third quarter of 2024 of $35.2 million, or earnings of $0.22 per basic share and $0.22 per diluted share. The increase from the third quarter of 2024 to the third quarter of 2025 was mainly due to a $15.7 million gain on the sale of DHT Peony, which contributed to an overall $5.2 million increase in operating income, along with a $4.5 million decrease in net financial expenses.

Net cash provided by operating activities for the third quarter of 2025 was $60.9 million compared to $80.1 million for the third quarter of 2024. The decrease was due to a $17.9 million decrease in non-cash items included in net profit, and a $11.0 million change in operating assets and liabilities, partially offset by a net profit of $44.8 million in the third quarter of 2025 compared to a net profit of $35.2 million in the third quarter of 2024.

Net cash provided by investing activities was $11.5 million in the third quarter of 2025 and was mainly related to proceeds from the sale of DHT Peony of $50.1 million, partially offset by $26.2 million related to investment in vessels under construction and $12.3 million related to investment in vessels. Net cash used in investing activities was $27.9 million in the third quarter of 2024, comprised of $25.8 million related to investment in vessels under construction and $2.0 million related to investment in vessels.

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Net cash used in financing activities for the third quarter of 2025 was $73.8 million, comprised of $38.6 million related to cash dividend paid, $22.1 million related to prepayment of long-term debt, and $12.7 million related to scheduled repayment of long-term debt. Net cash used in financing activities for the third quarter of 2024 was $51.6 million, comprised of $43.6 million related to cash dividend paid, and $7.6 million related to scheduled repayment of long-term debt.

As of September 30, 2025, the cash balance was $81.2 million, compared to $78.1 million as of December 31, 2024.

The Company monitors its covenant compliance on an ongoing basis. As of September 30, 2025, the Company was in compliance with its financial covenants.

As of September 30, 2025, the Company had 160,799,407 shares of common stock outstanding compared to 159,983,104 shares as of December 31, 2024.

The Company declared a cash dividend of $0.18 per common share for the third quarter of 2025 payable on November 19, 2025, for shareholders of record as of November 12, 2025.

#### NINE MONTHS 2025 FINANCIALS
The Company reported shipping revenues for the first three quarters of 2025 of $353.3 million compared to $437.1 million in the first three quarters of 2024. The decrease from the 2024 period to the 2025 period includes $59.3 million attributable to lower time charter equivalent rates and $24.5 million attributable to a decrease in total revenue days resulting from a smaller fleet size.

Other revenues for the first three quarters of 2025 were $1.0 million compared to $3.3 million in the first three quarters of 2024 and relate to technical management services provided. The decrease is due to a reduction in the fleet size for which the Company provides third-party technical management services.

Other income for the first three quarters of 2025 was $1.0 million which related to the distribution of equity received from The Norwegian Shipowner's Mutual War Risk Insurance Association.

The Company recorded a gain of $52.9 million in the first three quarters of 2025 related to the sale of DHT Scandinavia, DHT Lotus and DHT Peony. There was no gain on sale of vessels in the first three quarters of 2024.

Voyage expenses for the first three quarters of 2025 were $102.0 million compared to voyage expenses of $134.4 million in the first three quarters of 2024. The decrease was primarily due to fewer vessels operating in the spot market during the quarter, which led to a reduction in voyage expenses. Specifically, bunker expenses decreased by $30.6 million, port expenses by $1.3 million and broker commission by $1.1 million, partially offset by an increase in other voyage-related costs of $0.6 million. Voyage expenses will generally vary depending on the actual trading patterns during a period.

Vessel operating expenses for the first three quarters of 2025 were $55.9 million compared to $58.6 million in the first three quarters of 2024. The decrease was mainly related to a reduction in operating days due to less vessels in the fleet.

Depreciation and amortization, including depreciation of capitalized survey expenses, was $79.4 million for the first three quarters of 2025, compared to $84.3 million in the first three quarters of 2024. The decrease was due to a decrease in vessel depreciation of $2.6 million and a decrease in depreciation of drydocking and exhaust gas cleaning systems of $2.2 million, due to fewer vessels in the fleet.

G&A for the first three quarters of 2025 was $14.3 million, consisting of $10.6 million cash and $3.7 million non-cash charge, compared to $13.4 million, consisting of $10.5 million cash and $2.9 million non-cash charge for the first three quarters of 2024. The increase in non-cash G&A expense from the first three quarters of 2024 to the first three quarters of 2025 resulted from shares vested in the first three quarters of 2025. Non-cash G&A expense includes accrual for social security tax.

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Net financial expenses for the first three quarters of 2025 were $11.5 million, compared to $22.6 million in the first three quarters of 2024. The decrease was mainly due to decreased interest expense of $12.1 million, partially offset by a $0.5 million decrease in interest income, due to a decline in interest rates, and a non-cash loss of $0.4 million related to interest rate derivatives.

As a result of the foregoing, the Company had net profit for the first three quarters of 2025 of $144.9 million, or income of $0.90 per basic share and $0.90 per diluted share compared to net profit of $126.7 million, or income of $0.78 per basic share and $0.78 per diluted share in the first three quarters of 2024. The increase from the first three quarters of 2024 to the first three quarters of 2025 was mainly due to a $52.9 million gain on the sale of DHT Scandinavia, DHT Lotus and DHT Peony, which contributed to an overall $6.9 million increase in operating income, along with a $11.1 million decrease in net financial expenses.

Net cash provided by operating activities for the first three quarters of 2025 was $203.7 million compared to $232.9 million for the first three quarters of 2024. The decrease was due to a $56.4 million decrease in non-cash items included in net profit, partially offset by net profit of $144.9 million in the first three quarters of 2025 compared to net profit of $126.7 million in the first three quarters of 2024 and a $9.1 million change in operating assets and liabilities.

Net cash provided by investing activities for the first three quarters of 2025 was $39.2 million and was mainly related to proceeds from the sales of DHT Scandinavia, DHT Lotus and DHT Peony totaling $143.5 million, partially offset by $90.7 million related to investment in vessels under construction and $13.5 million related to investment in vessels. Net cash used in investing activities for the first three quarters of 2024 was $84.0 million comprised of $77.3 million related to investment in vessels under construction and $6.6 million related to investment in vessels.

Net cash used in financing activities for the first three quarters of 2025 was $240.0 million comprised of $130.3 million related to prepayment of long-term debt, $90.0 million related to cash dividends paid, $40.3 million related to scheduled repayment of long-term debt, $25.5 million related to repayment of long-term debt in connection with refinancing, $11.4 million related to repayment of long-term debt in connection with sale of vessels and $6.1 million related to acquisition of non-controlling interests, partially offset by $64.7 million related to issuance of long-term debt. Net cash used in financing activities for the first three quarters of 2024 was $150.0 million, comprised of $125.9 million related to cash dividends paid, $74.0 million related to prepayment of long-term debt, and $24.1 million related to scheduled repayment of long-term debt, partially offset by $75.0 million related to issuance of long-term debt.

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#### RECONCILIATION OF NON-GAAP FINANCIAL MEASURES
The Company assesses the financial performance of its business using a variety of measures. Certain of these measures are termed "non-GAAP measures" because they exclude amounts that are included in, or include amounts that are excluded from, the most directly comparable measure calculated and presented in accordance with IFRS, or are calculated using financial measures that are not calculated in accordance with IFRS. These non-GAAP measures include "Adjusted Net Revenue", "Adjusted EBITDA" and "Adjusted spot time charter equivalent per day". The Company believes that these non-GAAP measures provide useful supplemental information for its investors and, when considered together with the Company's IFRS financial measures and the reconciliation to the most directly comparable IFRS financial measure, provide a more complete understanding of the factors and trends affecting the Company's operations. In addition, DHT's management measures the financial performance of the Company, in part, by using these non-GAAP measures, along with other performance metrics. The Company does not regard these non-GAAP measures as a substitute for, or as superior to, the equivalent measures calculated and presented in accordance with IFRS. Additionally, these non-GAAP measures may not be comparable to other similarly titled measures used by other companies and should not be considered in isolation or as a substitute for analysis of the Company's operating results as reported under IFRS.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| USD in thousands except time charter equivalent per day | **Q3 2025** | **Q2 2025** | **Q1 2025** | **Q4 2024** | **Q3 2024** | **2024** | **2023** |
| ***Reconciliation of adjusted net revenue*** |  |  |  |  |  |  |  |
| Shipping revenues | 107151 | 127950 | 118165 | 130768 | 141125 | 567835 | 556075 |
| Voyage expenses | (28047) | (35131) | (38828) | (45233) | (48484) | (179623) | (165667) |
| **Adjusted net revenues** | **79104** | **92819** | **79337** | **85535** | **92641** | **388212** | **390408** |
| ***Reconciliation of adjusted EBITDA*** |  |  |  |  |  |  |  |
| Profit/(loss) after tax | 44805 | 56032 | 44051 | 54711 | 35189 | 181460 | 161397 |
| Income tax expense | 93 | 29 | 84 | 194 | 79 | 608 | 649 |
| Other financial (income)/expenses | 520 | 885 | 447 | 445 | 719 | 2088 | 1984 |
| Fair value (gain)/loss on derivative financial liabilities | 354 | - | - | - | - | - | 504 |
| Interest expense | 2586 | 4186 | 5106 | 6384 | 7318 | 30399 | 33061 |
| Interest income | (936) | (820) | (793) | (857) | (1035) | (3918) | (4485) |
| (Gain)/loss, sale of vessels | (15688) | (17459) | (19795) | - | - | - | - |
| Reversal of previous impairment charges | - | - | - | (27909) | - | (27909) | - |
| Depreciation and amortization | 25969 | 26139 | 27270 | 27621 | 28135 | 111884 | 108902 |
| **Adjusted EBITDA** | **57703** | **68992** | **56370** | **60588** | **70406** | **294612** | **302012** |
| ***Reconciliation of adjusted spot time charter equivalent per day\**** |  |  |  |  |  |  |  |
| Spot time charter equivalent per day | 38700 | 48700 | 36300 | 38200 | 43700 | 47200 | 51200 |
| IFRS 15 impact on spot time charter equivalent per day\*\* | 3000 | (6500) | 1200 | 200 | (2800) | (900) | 300 |
| **Adjusted spot time charter equivalent per day** | **41700** | **42200** | **37500** | **38400** | **40900** | **46300** | **51500** |

---

*\* Per revenue days. Revenue days are the aggregate number of calendar days in the period in which the vessels are owned by the Company or chartered by the Company less days on which a vessel is off hire.*

*\*\* For vessels operating on spot charters, voyage revenues are calculated on a discharge-to-discharge basis. Under IFRS 15, spot charter voyage revenues are calculated on a load-to-discharge basis. IFRS 15 impact refers to the timing difference between discharge-to-discharge and load-to-discharge basis.*

------

#### EARNINGS CONFERENCE CALL AND WEBCAST INFORMATION
The Company will host a conference call and webcast, which will include a slide presentation, at 9:00 a.m. ET/14:00 CET on Thursday, October 30, 2025, to discuss the results for the quarter.

To access the conference call the participants are required to register using this link:

<u>https://register-conf.media-server.com/register/BI0fc6f08664154a24a3e7baf90c3fbb8c</u>

Upon registering, each participant will be provided with the dial-in info and a unique PIN to join the call as well as an e-mail confirmation with the details. Participants will need to use the conference access information provided in the e-mail received at the point of registering. Participants may also use the "Call Me" feature from an immediate callback from the system. The call will come from a US number.

The webcast, which will include a slide presentation, will be available at the following link:

https://edge.media-server.com/mmc/p/v4u8ssyk and can also be accessed at http://www.dhtankers.com.

A recording of the audio and slides presented will be available until November 6, 2025, at 14:00 CET. The recording can be accessed through the following link: https://edge.media-server.com/mmc/p/v4u8ssyk

#### ABOUT DHT HOLDINGS, INC.
DHT is an independent crude oil tanker company. Our fleet trades internationally and consists of crude oil tankers in the VLCC segment. We operate through our integrated management companies in Monaco, Norway, Singapore, and India. You may recognize us by our renowned business approach as an experienced organization with focus on first rate operations and customer service; our quality ships; our prudent capital structure that promotes staying power through the business cycles; our combination of market exposure and fixed income contracts for our fleet; our disciplined capital allocation strategy through cash dividends, investments in vessels, debt prepayments and share buybacks; and our transparent corporate structure maintaining a high level of integrity and corporate governance. For further information please visit <u>http://www.dhtankers.com</u>.

#### FORWARD LOOKING STATEMENTS
This press release contains certain forward-looking statements and information relating to the Company that are based on beliefs of the Company's management as well as assumptions, expectations, projections, intentions and beliefs about future events. When used in this document, words such as "believe," "intend," "anticipate," "estimate," "project," "forecast," "plan," "potential," "will," "may," "should" and "expect" and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. These statements reflect the Company's current views with respect to future events and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent the Company's estimates and assumptions only as of the date of this press release and are not intended to give any assurance as to future results. For a detailed discussion of the risk factors that might cause future results to differ, please refer to the Company's Annual Report on Form 20-F, filed with the Securities and Exchange Commission on March 20, 2025.

The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company's actual results could differ materially from those anticipated in these forward-looking statements.

**CONTACT**:

Laila C. Halvorsen, CFO

Phone: +1 441 295 1422 and +47 984 39 935

E-mail: lch@dhtankers.com

------

#### DHT HOLDINGS, INC.

#### UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

#### AS OF SEPTEMBER 30, 2025

------

#### CONSOLIDATED STATEMENT OF FINANCIAL POSITION
($ in thousands)

---

| | | | |
|:---|:---|:---|:---|
| <br> **ASSETS** | **Note**<br>| **September 30, 2025**<br> (Unaudited) <br> | **December 31, 2024**<br> (Audited) <br> |
|  ***Current assets*** |  | | |
|  Cash and cash equivalents |  | $81250 | 78143 |
|  Accounts receivable and accrued revenues | 7 | 33953 | 53715 |
|  Capitalized voyage expenses |  | 1462 | 2450 |
|  Prepaid expenses |  | 6426 | 7200 |
|  Inventories<br>|  | 23498 | 37688 |
| Asset held for sale |  | - | 22693 |
|  **Total current assets** |  | $**146590** | **201889** |
|  ***Non-current assets*** |  |  |  |
|  Vessels<br>| 5<br>| $1042035 | 1185576 |
| Vessels under construction | 5 | 190884 | 93178 |
|  Advances for vessel and vessel upgrades | 5<br>| 11924 | - |
|  Other property, plant and equipment |  | 5256 | 4589 |
| Goodwill |  | 1356 | 1356 |
|  **Total non-current assets** |  | $**1251456** | **1284698** |
|  **TOTAL ASSETS** |  | $**1398045** | **1486587** |
|  **LIABILITIES AND EQUITY** |  |  |  |
|  ***Current liabilities*** |  |  |  |
|  Accounts payable and accrued expenses |  | $21505 | 23436 |
| Derivative financial liabilities | 4 | 111 |  |
|  Current portion long-term debt | 4<br>| 31551 | 78649 |
|  Other current liabilities |  | 925 | 1389 |
|  Deferred shipping revenues | 8 | 6710 | 6139 |
|  **Total current liabilities** |  | $**60801** | **109613** |
|  ***Non-current liabilities*** |  |  |  |
|  Long-term debt | 4<br>| $236976 | 330775 |
| Derivative financial liabilities | 4 | 243 |  |
|  Other non-current liabilities |  | 4357 | 3497 |
|  **Total non-current liabilities** |  | $**241575** | **334273** |
|  **TOTAL LIABILITIES** |  | $**302376** | **443886** |
|  ***Equity*** |  |  |  |
|  Common stock at par value | 6<br>| $1608 | 1600 |
|  Additional paid-in capital |  | 1223719 | 1217651 |
|  Accumulated deficit |  | (133115) | (186321) |
|  Translation differences |  | 477 | 39 |
|  Other reserves |  | 2916 | 5273 |
|  Total equity attributable to the Company |  | 1095605 | 1038242 |
|  Non-controlling interest |  | 64 | 4459 |
|  **Total equity** |  | $**1095669** | **1042701** |
|  **TOTAL LIABILITIES AND EQUITY** |  | $**1398045** | **1486587** |

---

*The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements*

------

#### CONSOLIDATED INCOME STATEMENT (UNAUDITED)
($ in thousands, except shares and per share amounts)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | <br> **Note** | **Q3 2025**<br>**Jul. 1 - Sep. 30,**<br> **2025** | **Q3 2024**<br>**Jul. 1 - Sep. 30,** <br> **2024**<br>| **9 months 2025**<br>**Jan. 1 - Sep. 30,** <br> **2025**<br>| **9 months 2024**<br>**Jan. 1 - Sep. 30,**<br> **2024**<br>|
|  Shipping revenues |  | $107151 | 141125 | 353266 | 437067 |
| &nbsp;&nbsp;&nbsp; Other revenues |  | 197 | 982 | 971 | 3315 |
| **Total revenues** | **3** | $**107348** | **142107** | **354237** | **440382** |
| Other income |  | 970 |  | 970 |  |
| Gain on sale of vessels | 5 | 15688 |  | 52943 |  |
|  ***Operating expenses*** |  |  |  |  |  |
|  Voyage expenses |  | (28047) | (48484) | (102006) | (134390) |
|  Vessel operating expenses |  | (18436) | (19048) | (55868) | (58614) |
|  Depreciation and amortization | 5<br>| (25969) | (28135) | (79379) | (84264) |
|  General and administrative expenses |  | (4132) | (4169) | (14267) | (13354) |
|  **Total operating expenses** |  | $**(76584)** | **(99837)** | **(251521)** | **(290621)** |
|  **Operating (loss)/ income** |  | $**47422** | **42270** | **156630** | **149760** |
|  Interest income |  | 936 | 1035 | 2549 | 3061 |
|  Interest expense |  | (2586) | (7318) | (11879) | (24015) |
|  Fair value gain/(loss) on derivative financial liabilities | 4 | (354) | - | (354) | - |
|  Other financial (expense)/income |  | (520) | (719) | (1852) | (1643) |
|  **Profit/(loss) before tax** |  | $**44898** | **35268** | **145094** | **127163** |
|  Income tax expense |  | (93) | (79) | (206) | (414) |
|  **Profit/(loss) after tax** |  | $**44805** | **35189** | **144888** | **126749** |
|  Attributable to owners of non-controlling interest |  | 2 | (17) | (136) | 308 |
|  Attributable to the owners of parent |  | $44803 | 35206 | 145024 | 126442 |
| **Attributable to the owners of parent** |  |  |  |  |  |
|  Basic earnings/(loss) per share  |  | 0.28 | 0.22 | 0.90 | 0.78 |
|  Diluted earnings/(loss) per share  |  | 0.28 | 0.22 | 0.90 | 0.78 |
|  Weighted average number of shares (basic) |  | 160799407 | 161464487 | 160653406 | 161382024 |
|  Weighted average number of shares (diluted) |  | 160885603 | 161553185 | 160722392 | 161479762 |

---

*The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements*

------

#### CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (UNAUDITED)
($ in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | <br> **Note** | **Q3 2025**<br>**Jul. 1 - Sep. 30,** <br> **2025** | **Q3 2024**<br>**Jul. 1 - Sep. 30,** <br> **2024** | **9 months 2025**<br>**Jan. 1 - Sep. 30,**<br> **2025** | **9 months 2024**<br>**Jan. 1 - Sep. 30,** <br> **2024** |
|  Profit/(loss) after tax<br>|  | $44805 | 35189 | 144888 | 126749 |
|  ***Other comprehensive income/(loss):*** |  |  |  |  |  |
|  *Items that may be reclassified subsequently to income statement:* |  |  |  |  |  |
| Exchange gain/(loss) on translation of foreign currency denominated subsidiary |  | (143) | 462 | 461 | 244 |
|  Total |  | $(143) | 462 | 461 | 244 |
|  **Other comprehensive income/(loss)** |  | $**(143)** | **462** | **461** | **244** |
|  **Total comprehensive income/(loss) for the period** |  | $**44661** | **35651** | **145349** | **126993** |
|  Attributable to owners of non-controlling interest |  | $2 | 194 | 43 | 423 |
|  Attributable to the owners of parent |  | $44660 | 35457 | 145307 | 126570 |

---

 *The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements*

------

#### CONSOLIDATED STATEMENT OF CASH FLOW (UNAUDITED)
($ in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | <br> **Note** | **Q3 2025**<br>**Jul. 1 - Sep. 30,** <br> **2025** | **Q3 2024**<br>**Jul. 1 - Sep. 30, <br> 2024** | **9 months 2025**<br>**Jan. 1 - Sep. 30,** <br> **2025** | **9 months 2024**<br>**Jan. 1 - Sep. 30,** <br> **2024** |
|  **CASH FLOW FROM OPERATING ACTIVITIES** |  |  |  | | |
|  **Profit/(loss) after tax** |  | $**44805** | **35189** | **144888** | **126749** |
|  **Items included in net income not affecting cash flows** |  | **11749** | **29632** | **32746** | **89143** |
| &nbsp;&nbsp;&nbsp; *Depreciation and amortization* | 5 | *25969* | *28135* | *79379* | *84264* |
| &nbsp;&nbsp;&nbsp; *Amortization of deferred debt issuance cost*<br>|  | *544* | *652* | *1961* | *1995* |
| *&nbsp;&nbsp;&nbsp;&nbsp;(Gain) / loss, sale of vessels*  | 5 | *(15688)* | *-* | *(52943)* | *-* |
| &nbsp;&nbsp;&nbsp; *Fair value (gain)/loss on derivative financial instruments*  |  | *354* | *-* | *354* | *-* |
| &nbsp;&nbsp;&nbsp; *Compensation related to options and restricted stock* |  | *661* | *903* | *3719* | *2898* |
| &nbsp;&nbsp;&nbsp; *Net foreign exchange differences<br>*  |  | *(90)* | *(58)* | *276* | *(13)* |
|  **Income adjusted for non-cash items** |  | $**56554** | **64821** | **177633** | **215892** |
|  **Changes in operating assets and liabilities** |  | **4340** | **15323** | **26049** | **16976** |
| &nbsp;&nbsp;&nbsp; *Accounts receivable and accrued revenues* |  | *6153* | *11802* | *19325* | *17295* |
| &nbsp;&nbsp;&nbsp; *Capitalized voyage expenses* |  | *106* | *3203* | *988* | *(299*<br>*)* |
| &nbsp;&nbsp;&nbsp; *Prepaid expenses* |  | *(2100*<br>*)* | *(3105*<br>*)* | *774* | *558* |
| &nbsp;&nbsp;&nbsp; *Accounts payable and accrued expenses* |  | *(5745*<br>*)* | *450* | *(9797*<br>*)* | *596* |
| &nbsp;&nbsp;&nbsp; *Deferred shipping revenues* |  | *(1253*<br>*)* | *(535*<br>*)* | *571* | *(1682*<br>*)* |
| &nbsp;&nbsp;&nbsp; *Inventories* |  | *7180* | *3508* | *14189* | *508* |
|  **Net cash provided by operating activities** |  | $**60894** | **80144** | **203683** | **232868** |
|  **CASH FLOW FROM INVESTING ACTIVITIES** |  |  |  |  |  |
|  Investment in vessels |  | *(12350*<br>*)* | *(2004*<br>*)* | *(13496*<br>*)* | *(6633*<br>*)* |
| Investment in vessels under construction |  | *(26167)* | *(25840)* | *(90689)* | *(77338)* |
| Proceeds from sale of vessels |  | *50090* | *-* | *143521* | *-* |
|  Investment in other property, plant and equipment |  | *(65*<br> *)* | *(47*<br> *)* | *(87*<br> *)* | *(69*<br> *)* |
|  **Net cash provided by/(used in) investing activities** |  | $**11508** | **(27891)** | **39248** | **(84040)** |
|  **CASH FLOW FROM FINANCING ACTIVITIES** |  |  |  |  |  |
|  Cash dividends paid | 6 | *(38592*<br>*)* | *(43595*<br>*)* | *(89969*<br>*)* | (125873) |
| Acquisition of non-controlling interests | 6 |  |  | (6131) |  |
|  Repayment principal element of lease liability |  | *(364*<br>*)* | (354) | *(1069*) | (1033) |
|  Issuance of long-term debt | 4 | *-* | - | *64663* | 75000 |
|  Scheduled repayment of long-term debt |  | *(12746*<br>*)* | *(7625*<br>*)* | *(40308*<br>*)* | (24088) |
| Prepayment of long-term debt | 4 | *(22055)* | *-* | *(130330)* | (74000) |
| Repayment of long-term debt refinancing | 4 | - | *-*  | (25480) |  |
| Repayment of long-term debt, sale of vessels | 4 | - | - | (11382) | - |
|  **Net cash used in financing activities** |  | $**(73757)** | **(51574)** | **(240007)** | **(149995)** |
|  Net (decrease)/increase in cash and cash equivalents |  | (1355) | 679 | 2924 | (1167) |
| Net foreign exchange difference |  | (55) | 509 | 183 | 259 |
|  Cash and cash equivalents at beginning of period |  | 82660 | 72642 | 78143 | 74738 |
|  **Cash and cash equivalents at end of period** |  | $**81250** | **73829** | **81250** | **73829** |
|  **Specification of items included in operating activities:** |  |  |  |  |  |
|  Interest paid |  | 4545 | 7499 | 16526 | 23385 |
|  Interest received |  | 389 | 288 | 1867 | 2281 |

---

*The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements*

------

#### CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)
($ in thousands, except shares)

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  | | | **Paid-in** | | | | **Non-** | |
|  |  | | | **Additional** | **Accumulated** | **Translation** | **Other** | **Controlling** | **Total** |
|  | **Note** | **Shares** | **Amount** | **Capital** | **Deficit** | **Differences** | **Reserves** | **Interest** | **Equity** |
|  **Balance at January 1, 2024** |  | 160999542<br>| $1610 | $1228254 | $(206477) | $201 | $3566 | $4513 | $1031667 |
|  Profit/(loss) after tax |  |  |  |  | 126442 |  |  | 308 | 126749 |
|  Other comprehensive income/(loss) |  |  |  |  | - | 128 |  | 116 | 244 |
|  Total comprehensive income/(loss) |  |  |  |  | 126442 | 128 |  | 423 | 126993 |
|  Cash dividends declared and paid |  |  |  |  | (125873) |  |  |  | (125873) |
|  Compensation related to options and restricted stock |  | 464945 | 5 | 2578 |  |  | 315 |  | 2898 |
|  **Balance at September 30, 2024** | **6** | **161464487** | $**1615** | $**1230832** | $**(205909)** | $**329** | $**3882** | $**4937** | $**1035685** |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  **Balance at January 1, 2025** |  | 159983104 | $1600 | $1217651 | $(186321) | $39 | $5273 | $4459 | $1042701 |
|  Profit/(loss) after tax |  |  |  |  | 145024 |  |  | (136) | 144888 |
|  Other comprehensive income/(loss) |  |  |  |  | - | 282 |  | 179 | 461 |
|  Total comprehensive income/(loss) |  |  |  |  | 145024 | 282 |  | 43 | 145349 |
|  Cash dividends declared and paid |  |  |  |  | (89969) |  |  |  | (89969) |
|  Acquisition of non-controlling interests | 6  |  |  |  | (1849) | 156 |  | (4437) | (6131) |
|  Compensation related to options and restricted stock |  | 816303 | 8 | 6068 |  |  | (2358) |  | 3719 |
|  **Balance at September 30, 2025** | **6** | **160799407** | $**1608** | $**1223719** | $**(133115)** | $**477** | $**2916** | $**64** | $**1095669** |

---

*The accompanying notes are an integral part of these unaudited interim condensed consolidated financial statements*

------

#### NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

#### FOR THE PERIOD ENDED SEPTEMBER 30, 2025

#### Note 1 – General information
DHT Holdings, Inc. ("DHT" or the "Company") is a company incorporated under the laws of the Marshall Islands whose shares are listed on the New York Stock Exchange. The Company's principal executive office is located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. The Company is engaged in the ownership and operation of a fleet of crude oil carriers.

The unaudited interim condensed consolidated financial statements were approved by the Company's Board of Directors (the "Board") on October 29, 2025, and authorized for issue on October 29, 2025.

#### Note 2 – General accounting principles
The interim condensed consolidated financial statements do not include all information and disclosures required in the annual financial statements and should be read in conjunction with DHT's audited consolidated financial statements included in its Annual Report on Form 20-F for 2024. The interim results are not necessarily indicative of the results for the entire year or for any future periods.

The interim condensed consolidated financial statements have been prepared in accordance with IAS 34 "Interim Financial Reporting" as issued by the International Accounting Standards Board ("IASB").

The interim condensed consolidated financial statements have been prepared on a historical cost basis. The accounting policies applied in these condensed consolidated interim financial statements are consistent with those presented in the 2024 audited consolidated financial statements.

The Company uses interest rate swaps to convert part of the interest-bearing debt from floating to fixed rate. Derivatives are initially recognized at fair value at the date a derivative contract is entered into and are subsequently re-measured to their fair value at each reporting date. Any resulting gain or loss is recognized in profit or loss immediately. The interest rate swaps do not qualify for hedge accounting.

These interim condensed consolidated financial statements have been prepared on a going concern basis.

------

#### Note 3 – Revenue and major customers
DHT's primary business is operating a fleet of crude oil tankers, with a secondary activity of providing technical management services. The Company is organized and managed as one segment based on the nature and financial effects of the business activities in which it engages and the economic environment in which it operates. The consolidated operating results are regularly reviewed by the Company's chief operating decision maker, the President & Chief Executive Officer, and the Company does not monitor performance by geographical areas.

The table below details the Company's total revenues:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  **$ in thousands** | **Q3 2025** | **Q3 2024** | **9M 2025** | **9M 2024** |
|  Time charter revenues<sup>1</sup> | 38362 | 22484 | 100595 | 58573 |
|  Voyage charter revenues<sup>2</sup> | 68789 | 118641 | 252671 | 378494 |
|  **Shipping revenues** | **107151** | **141125** | **353266** | **437067** |
| Other revenues<sup>3</sup> | 197 | 982 | 971 | 3315 |
| **Total revenues** | **107348** | **142107** | **354237** | **440382** |
| **Revenues relating to IFRS 15**  | 77883 | 124674 | 275873 | 394912 |

---

*<sup>1</sup> *T*he majority of time charter revenues are recognized in accordance with IFRS 16 Leases, while the portion of time charter revenues related to technical management services, equaling $8,898 thousands in the third quarter of 2025, $5,051 thousands in the third quarter of 2024, $22,231 thousands in the first nine months of 2025 and $13,103 thousands in the first nine months of 2024, is recognized in accordance with IFRS 15 Revenue from Contracts with Customers.*

*<sup>*2*</sup>Voyage charter revenues are related to revenue from spot charters and are recognized in accordance with IFRS 15.*

*<sup>3</sup> Other revenues mainly relate to technical management services provided and are recognized in accordance with IFRS 15.*

As of September 30, 2025, the Company had 21 vessels in operation; 10 vessels were on time charters and 11 vessels operating in the spot market.

*<u>Information about major customers:</u>*

 *For the period from July 1, 2025, to September 30, 2025, five customers represented $19.3 million, $18.0 million, $15.0 million, $13.8 million, and $12.3 million, respectively, of the Company's shipping revenues. The five customers in aggregate represented $78.5 million, equal to 73 percent of the shipping revenues of $107.2 million for the period from July 1, 2025, to September 30, 2025.

For the period from January 1, 2025, to September 30, 2025, five customers represented $79.7 million, $63.3 million, $44.4 million, $40.2 million, and $39.9 million, respectively, of the Company's total revenues. The five customers in aggregate represented $267.5 million, equal to 76 percent of the shipping revenues of $353.3 million for the period from January 1, 2025, to September 30, 2025.

For the period from July 1, 2024, to September 30, 2024, five customers represented $32.0 million, $28.3 million, $18.0 million, $11.2 million, and $10.0 million, respectively, of the Company's shipping revenues. The five customers in aggregate represented $99.6 million, equal to 71 percent of the shipping revenues of $141.1 million for the period from July 1, 2024, to September 30, 2024.

For the period from January 1, 2024, to September 30, 2024, five customers represented $84.9 million, $67.8 million, $65.1 million, $30.1 million, and $22.8 million, respectively, of the Company's total revenues. The five customers in aggregate represented $270.8 million, equal to 62 percent of the shipping revenues of $437.1 million for the period from January 1, 2024, to September 30, 2024.* 

#### Note 4 – Interest bearing debt
As of September 30, 2025, DHT had interest bearing debt totaling $268.5 million.

#### Scheduled debt repayments

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **$ in thousands** | **Interest rate**  | **Maturity**  | **Q4 2025**  | **2026** | **2027** | **Thereafter** | **Total** |
|  Credit Agricole Credit Facility | SOFR + 2.05% | 2028 | 625 | 2500 | 2500 | 25000 | 30625 |
| ING Credit Facility <sup>1</sup> | SOFR + 1.90% | 2029 | 6250 | 25000 | 25000 | 113750 | 170000 |
| ING Credit Facility | SOFR + 1.80% | 2029 | 750 | 3000 | 3000 | 32250 | 39000 |
| Nordea Credit Facility <sup>2</sup> | SOFR + CAS<sup>3</sup> + 1.90% | 2027 | - | - | 3699 | - | 3699 |
|  Nordea Reducing Revolving Credit Facility | SOFR +1.75<br> %  | 2031 | 710 | 2840 | 2840 | 22900 | 29290 |
|  **Total** |  |  | **8335** | **33340** | **37039** | **193900** | **272614** |
|  Unamortized upfront fees bank loans |  |  |  |  |  |  | (4087) |
|  **Total interest bearing debt** |  |  |  |  |  |  | **268526** |

---

<sup>

</sup>

 <sup>1</sup> $72.5 mill. undrawn as of September 30, 2025

<sup>2</sup> $144.0 mill. undrawn as of September 30, 2025

<sup>3</sup> 3 months Credit Adjustment Spread (CAS) of 0.26%

#### Credit Agricole Credit Facility
The credit facility is repayable in quarterly installments of $0.6 million with final payment of $22.5 million in addition to the last installment in December 2028.

#### Danish Ship Finance Credit Facility
The credit facility was fully repaid in June 2025 in connection with the refinancing of DHT Jaguar. The total amount repaid was $25.5 million.

 <u><u>ING Credit Facility</u></u>

In January 2023, the Company entered into a new $405 million secured credit facility, including a $100 million uncommitted incremental facility, with ING, Nordea, ABN AMRO, Credit Agricole, Danish Ship Finance and SEB, as lenders, ten wholly owned special-purpose vessel-owning subsidiaries as borrowers, and DHT Holdings, Inc., as guarantor. Borrowings bear interest at a rate equal to SOFR plus a margin of 1.90% and is repayable in quarterly installments of $6.3 million with maturity in January 2029.

In the first quarter of 2025, the Company prepaid $42.4 million under the revolving credit facility and drew down $10 million for corporate purposes. In the second quarter of 2025, the Company prepaid $25.0 million under the revolving credit facility and drew down $10 million and $15 million, respectively, for corporate purposes.

In September 2023, the Company entered into a $45 million senior secured credit facility under the incremental facility, with ING, Nordea, ABN AMRO, Danish Ship Finance and SEB, as lenders, one wholly ownedspecial-purpose vessel-owning subsidiary as borrower, and DHT Holdings, Inc., as guarantor. Borrowings bear interest at a rate equal to SOFR plus a margin of 1.80% and is repayable in quarterly installments of $0.75 million with maturity in January 2029.

#### Nordea Credit Facility
The credit facility is repayable in quarterly installments of $4.4 million, with a final installment of $3.7 million due in the first quarter of 2027. Additionally, the facility includes an uncommitted "accordion" of $250 million. In June 2023, the Company entered into an amended and restatement agreement to address the cessation of LIBOR. The credit facility bears interest at a rate equal to SOFR plus CAS, plus a margin of 1.90%. In the fourth quarter of 2023, the Company voluntarily prepaid $23.7 million under the Nordea Credit Facility, covering all scheduled installments for 2024. In the second quarter of 2025, the Company prepaid $40.9 million under the revolving credit facility. Additionally, the Company repaid outstanding debt totaling $11.4 million related to DHT Lotus and DHT Peony in connection with their sale. In the third quarter of 2025, the Company voluntarily prepaid $22.1 million under the Nordea Credit Facility, covering all scheduled installments for Q4 2025 and the entirety of 2026.

#### Nordea Reducing Revolving Credit Facility
In April 2025, the Company entered into a $30 million reducing revolving credit facility agreement with Nordea as lender, DHT Jaguar Limited as borrower and DHT Holdings, Inc., as guarantor. The credit facility is repayable or reduced in quarterly installments of $0.7 million with a final payment of $13.7 million in April 2031. The credit facility bears an interest rate equal to SOFR plus a margin of 1.75%.

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#### Interest rate swaps
Derivatives are classified and measured at fair value in the statement of financial position. Fair value measurement is based on Level 2 in the fair value hierarchy as defined in IFRS 13 *Fair Value Measurement*. Such measurement is based on techniques for which all inputs that have a significant effect on the recorded fair value are observable. Future cash flows are estimated based on forward interest rates (from observable yield curves at the end of the reporting period) and contract interest rates, discounted at a rate that reflects the credit risk of various counterparties.

As of September 30, 2025, the Company has eight amortizing interest rate swaps totaling $200.6 million with maturity in the fourth quarter of 2028. The average fixed interest rate is 3.32%. As of September 30, 2025, the fair value of the derivative financial liability related to the swaps amounted to $0.4 million.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <br>$ in thousands | <br>**Expires** | **Notional amount**<br>**Q3 2025** | **Current liability**<br>**Q3 2025** | **Non-current liability**<br>**Q3 2025** | **Fair value**<br>**Q3 2025** |
|  Swap pays 3.2840%, receive floating | Dec. 8, 2028 | 18125 | 2 | 5 | 7 |
|  Swap pays 3.2840%, receive floating | Dec. 8, 2028 | 18125 | 2 | 5 | 7 |
|  Swap pays 3.3200%, receive floating | Dec. 8, 2028 | 8125 | 1 | 2 | 2 |
|  Swap pays 3.2790%, receive floating | Dec. 8, 2028 | 23125 | 3 | 6 | 9 |
|  Swap pays 3.3110%, receive floating | Oct. 30, 2028 | 28580 | 4 | 9 | 13 |
|  Swap pays 3.3536%, receive floating | Dec. 8, 2028 | 33125 | 31 | 69 | 100 |
|  Swap pays 3.3536%, receive floating | Dec. 8, 2028 | 33125 | 31 | 69 | 100 |
|  Swap pays 3.3536%, receive floating | Dec. 8, 2028 | 38250 | 36 | 79 | 115 |
| **Total carrying amount** |  | **200580** | **111** | **243** | **354** |

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#### Covenant compliance
The Company's financial covenants as of September 30, 2025, are summarized as follows:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **Credit Agricole** <br>**Credit Facility** | **ING**<br> **Credit Facility** | **Nordea**<br> **Credit Facility** | **Nordea Reducing Revolving**<br> **Credit Facility** |
| Security | 1 VLCC | 11 VLCCs | 8 VLCCs | 1 VLCC |
| Charter free market value of vessels that secure facility must be no less than | 135% of borrowings | 135% of borrowings | 135% of borrowings | 135% of borrowings |
| Value adjusted\* tangible net worth | $300 million and 25% of value adjusted total assets | $300 million and 25% of value adjusted total assets | $300 million and 25% of value adjusted total assets | $300 million and 25% of value adjusted total assets |
| Unencumbered cash of at least | Higher of $30 million or 6% of gross interest bearing debt | Higher of $30 million or 6% of gross interest bearing debt | Higher of $30 million or 6% of gross interest bearing debt | Higher of $30 million or 6% of gross interest bearing debt |
| **Guarantor** | **DHT Holdings, Inc.**<br>| **DHT Holdings, Inc.**<br>| **DHT Holdings, Inc.**<br>| **DHT Holdings, Inc.**<br>|

---

*\*Value adjusted is defined as an adjustment to reflect the difference between the carrying amount and the market valuations of the Company's vessels (as determined quarterly by a broker approved by the financial institution)*

As of September 30, 2025, the Company was in compliance with its financial covenants, with significant headroom.

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#### Note 5 – Vessels
A vessel's recoverable amount is the higher of the vessel's fair value less cost of disposal and its value in use. The carrying amounts of vessels held and used by us are reviewed for potential impairment whenever events or changes in circumstances indicate that the carrying amount of a particular vessel may not accurately reflect the recoverable amount of a particular vessel. Each of the Company's vessels have been viewed as a separate CGU as the vessels have cash inflows that are largely independent of the cash inflows from other assets. In instances where a vessel is considered impaired, it is written down to its recoverable amount. For the quarter ended September 30, 2025, the Company performed an assessment using both internal and external sources of information and concluded that there were no indicators of impairment.

**Vessels** 

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| | |
|:---|:---|
| **Cost of Vessels** | |
| $*in thousands* |  |
| At January 1, 2025 | 1982741 |
| Additions | 2389<br>|
| Retirement <sup>1</sup> | (132349) |
| **At September 30, 2025** | **1852781** |

---

---

| | |
|:---|:---|
| **Depreciation and amortization** | |
| $*in thousands* |  |
| At January 1, 2025 | 797165 |
| Depreciation and amortization <sup>2</sup> | 78046 |
| Retirement <sup>1</sup> | (64464) |
| **At September 30, 2025** | **810746** |

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| | |
|:---|:---|
| **Carrying Amount** |  |
| $*in thousands* |  |
| At January 1, 2025 | 1185576 |
| **At September 30, 2025** | **1042035** |

---

*<sup>1</sup>*Relates to the sale of DHT Lotus, the sale of DHT Peony, and completed depreciation of drydocking for DHT Jaguar.*

*<sup>2</sup> Relates solely to depreciation of vessels, drydocking, and EGCS. Depreciation of office leases and other property, plant, and equipment represent an additional $1,333 thousand, which combined with the depreciation of vessels, drydocking, and EGCS comprises $79,379 thousand in depreciation and amortization.*

#### Gain on sale of vessels
**In December 2024, the Company entered into an agreement to sell the DHT Scandinavia, a 2006 built VLCC, for $43.4 million. The vessel was delivered to its new owner in the first quarter of 2025, resulting in a gain of $19.8 million. In April 2025, the Company entered into an agreement to sell DHT Lotus and DHT Peony, both built in 2011, for a combined price of $103.0 million. DHT Lotus was delivered to its new owner in the second quarter of 2025, resulting in a gain of $17.5 million. DHT Peony was delivered in the third quarter of 2025, resulting in a gain of $15.7 million.**

#### Advances for vessel and vessel upgrades
Cost of advances for vessel and vessel upgrades relates to prepaid docking, and the deposit paid in relation to the acquisition announced in June. The agreed price for the vessel, to be named DHT Nokota, is $107.0 million, of which $10.7 million has been paid and $96.3 million is expected to be paid upon delivery to DHT's fleet during the fourth quarter of 2025.

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| | |
|:---|:---|
| **Cost of advances for vessel and vessel upgrades** | |
| $*in thousands* |  |
| At January 1, 2025 | - |
| Additions | 11924 |
| **At September 30, 2025** | **11924** |

---

**Vessels under construction** The Company has entered into agreements to build four large VLCCs, fitted with exhaust gas cleaning systems, expected to be delivered between January and June 2026. Two will be constructed at each Hyundai Samho Heavy Industries Co., Ltd. ("HHI") and Hanwha Ocean Co., Ltd. ("Hanwha") in South Korea. The average price for the four ships is $130 million, adjusted for change orders. As of September 30, 2025, the Company has paid $179.8 million related to the installments under its newbuilding program. In addition, the Company has capitalized $9.3 million as borrowing costs in connection with the financing of the vessels under construction, at an average interest rate of 6.6% p.a., and $1.8 million related to other directly attributable expenses.

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| | |
|:---|:---|
| **Cost of vessels under construction** | |
| $*in thousands* |  |
| At January 1, 2025 | 93178 |
| Additions | 97707 |
| **At September 30, 2025** | **190884** |

---

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The following table represents future expected payments related to the vessels under construction as of September 30, 2025:

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| | |
|:---|:---|
| **Vessels under construction** | |
| $*in thousands* |  |
| Within the next 12 months | 339946 |
| **At September 30, 2025\*** | **339946** |

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\*These are estimates only and are subject to change as construction progresses.

#### Note 6 – Stockholders' equity, dividend payments and stock compensation expenses

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| | |
|:---|:---|
|  | **Common stock** |
|  Issued at September 30, 2025 | 160799407 |
| Numbers of shares authorized for issue at September 30, 2025 | 250000000 |
|  Par value | $0.01 |

---

#### Common stock

#### Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.

#### Acquisition of non-controlling interests
In April 2025, the Company acquired an additional 46.8% ownership of Goodwood Ship Management Pte. Ltd., a privately owned ship management company incorporated under the laws of the Republic of Singapore, for a purchase price of $6.1 million in cash. Following the acquisition, Goodwood Ship Management Pte. Ltd. is 100% owned by DHT Holdings, Inc. The carrying value of the non-controlling interest of Goodwood Ship Management Pte Ltd was $4.4 million, and the difference recognized in equity attributable to owners of the Company comprised of an increase in accumulated deficit of $1.8 million and an increase in the translation differences of $0.2 million.

**Stock repurchases**

No stock repurchases were made in the first nine months of 2025.

In 2024, the Company purchased 1,481,383 of its own shares in the open market for an aggregate consideration of $13.2 million, at an average price of $8.89 per share. All shares were retired upon receipt.

#### Dividend payments
Dividend payment made year-to-date as of September 30, 2025:

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| | | |
|:---|:---|:---|
| **Payment date**<br> ***$ in thousands, except per common share***  | **Total payment** | **Per common share** |
| August 25, 2025 | $38592 <br>| $0.24 |
| May 28, 2025 | $24091 <br>| $0.15 |
| February 25, 2025 | $27286 <br>| $0.17 |
| **Total payments made year-to-date as of September 30, 2025** | $**89969** <br>| $0.56 |

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Dividend payments made during 2024:

---

| | | |
|:---|:---|:---|
| **Payment date**<br> ***$ in thousands, except per common share***  | **Total payment** | **Per common share** |
| November 29, 2024 | $35522 | $0.22 |
| August 30, 2024 | $43595<br>| $0.27 |
| May 31, 2024 | $46786<br>| $0.29 |
| February 28, 2024 | $35492<br>| $0.22 |
| **Total payments made during 2024** | $**161396**<br>| $1.00 |

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#### Note 7 – Accounts receivable and accrued revenues
As of September 30, 2025, $34.0 million, consisting mainly of accounts receivable with no material amounts overdue, was recognized as accounts receivable and accrued revenues in the interim consolidated statement of financial position, compared to $53.7 million as of December 31, 2024.

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#### Note 8 – Deferred shipping revenues
Deferred shipping revenues relate to charter hire payments paid in advance. As of September 30, 2025, $6.7 million was recognized as deferred shipping revenues in the interim consolidated statement of financial position, compared to $6.1 million as of December 31, 2024.

#### Note 9 – Financial risk management, objectives, and policies
Note 9 of the consolidated financial statements included in the 2024 Annual Report on Form 20-F provides details of financial risk management objectives and policies.

The Company's principal financial liability consists of long-term debt with the main purpose being to partly finance the Company's assets and operations. The Company's financial assets mainly comprise cash.

The Company is exposed to market risk, credit risk and liquidity risk. The Company's senior management oversees the management of these risks.

#### Note 10 – Subsequent events
On October 29, 2025, the Board approved a dividend of $0.18 per common share related to the third quarter of 2025 to be paid on November 19, 2025, for shareholders of record as of November 12, 2025.

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