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DHT DHT Holdings , Inc. Third Quarter 2021 Results HAMILTON , BERMUDA , November 2 , 2021 - DHT Holdings , Inc. ( NYSE : DHT ) ( " DHT " or the " Company " ) today announced : FINANCIAL HIGHLIGHTS : USD mill . ( except per share ) Q3 2021 Q2 2021 Q1 2021 Q4 2020 Q3 2020 2020 2019 Shipping revenues 59.1 65.9 87.0 91.0 142.2 691.0 535.1 Adjusted net revenue¹ 37.7 45.3 71.3 77.7 117.5 550.5 347.6 Adjusted EBITDA² 14.0 21.0 46.7 51.1 92.9 450.4 254.5 Net income / ( loss ) after tax ( 21.0 ) 0.8 11.6 7.63 50.73 266.33 73.7 EPS - basic ( 0.13 ) 0.00 0.07 0.04 0.32 1.71 0.51 EPS - diluted4 ( 0.13 ) 0.00 0.07 0.04 0.31 1.61 0.51 Dividend5 0.02 0.02 0.04 0.05 0.20 1.08 0.47 Interest bearing debt 524.8 526.2 574.7 450.0 492.4 450.0 851.0 Cash and cash equivalents 64.5 52.2 54.0 68.6 75.1 68.6 67.4 Net debt 460.3 473.9 520.7 381.3 417.3 381.3 783.6 QUARTERLY HIGHLIGHTS : • In the third quarter of 2021 , the Company's VLCCs achieved an average rate of $ 16,300 per day . • Adjusted EBITDA for the third quarter of 2021 was $ 14.0 million . Net loss for the quarter was $ 21.0 million which equates to a loss of $ 0.13 per basic share . The result includes a gain related to sale of vessels of $ 1.6 million and non - cash gains in fair value related to interest rate derivatives of $ 2.3 million . • • • For the first nine months of 2021 , the Company's VLCCS achieved an average rate of $ 22,400 per day and net loss was $ 8.6 million . For the third quarter of 2021 , the Company will return $ 10.1 million to shareholders ; $ 6.7 million in the form of share buyback and $ 3.3 million in the form of a cash dividend . The Company acquired 1,230,302 of its own shares at an average price of $ 5.466 per share . The cash dividend of $ 0.02 per share of outstanding common stock is payable on November 23 , 2021 to shareholders of record as of November 16 , 2021. This marks the 47th consecutive quarterly dividend . The shares will trade ex - dividend from November 15 , 2021 . In connection with the sale of DHT Condor , the Company booked a gain of $ 1.6 million in the third quarter of 2021. DHT Condor was delivered to the new owner on July 8 , 2021 . 1