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-and-videos

For further information, please contact:

Andreas Enger, CEO

andreas.enger@hoegh.com

+47 901 31 228

Espen Stubberud, CFO

espen.stubberud@hoegh.com

+47 400 39 753

My Linh Vu, Head of Finance, Treasury and IR

my.linh.vu@hoegh.com

ir@hoegh.com

+47 486 48 086

Media contact:

Camilla Knappskog, Director of Communications

camilla.knappskog@hoegh.com

+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.