Hunter Group ASA - Third quarter results 2024

21 Nov 2024 08:30 CET

Oslo, 21 November 2024

Please see the enclosed report for further information.

Financial highlights - Q3 2024:

+------------------------------------+--------------+
|Net TC result (loss) | USD (3.38m) |
+------------------------------------+--------------+
|Unrealized TC position result (loss)| USD (2.11m) |
+------------------------------------+--------------+
|Total operating expenses | USD (0.40m) |
+------------------------------------+--------------+
|Operating profit (loss) | USD (5.90m) |
+------------------------------------+--------------+
|Net profit (loss) | USD (5.82m) |
+------------------------------------+--------------+
| | |
+------------------------------------+--------------+
|Avg. spot-linked TC-out rate | USD 33,360/d |
+------------------------------------+--------------+
|Avg. fixed TC-in rate | USD 51,750/d |
+------------------------------------+--------------+
|Avg. TC-margin (loss) |USD (18,390)/d|
+------------------------------------+--------------+
|Vessel days | 184 / 184 |
+------------------------------------+--------------+
| | |
+------------------------------------+--------------+
|Cash and working capital | USD 15.15m |
+------------------------------------+--------------+

Contact:

Erik A.S. Frydendal, CEO, ef (a) huntergroup.no, Ph.: +47 957 72 947

Lars M. Brynildsrud, CFO, lb (a) huntergroup.no, Ph.: +47 932 60 882

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

632811_20241121_HGASA_Q3_2024.pdf