Höegh Autoliners ASA: First quarter results and distribution of dividends

Oslo, 8 May 2026: Höegh Autoliners ("Höegh Autoliners" or the "Company", ticker code: HAUTO) reported solid financial performance in the first quarter of 2026. The gross revenue was USD 360 million/NOK 3,501 million, operating profit (EBITDA) was USD 145 million/NOK 1,407 million, and net profit after tax was USD 103 million/NOK 998 million.

Highlights of the quarter  The Middle East conflict disrupted operations in March, resulting in vessel delays and re positioning, with higher fuel costs expected to impact Q2 before BAF recovery  Despite this backdrop, a strong quarter with EBITDA of USD 145 million and net profit after tax of USD 103 million  China, the world’s largest vehicle export country, increased exports 57% y-o-y in Q1  Q4 2025 dividend of USD 99 million paid in March 2026  The eighth Aurora Class vessel, Höegh Rainbow, was delivered from the yard in January 2026  A dividend for Q1 2026 of USD 94 million (USD 0.4927 per share) declared and will be paid in May 2026

Andreas Enger, CEO of Höegh Autoliners, comments: “We delivered stable underlying performance in Q1 despite a challenging geopolitical backdrop. Developments in the Middle East continue to disrupt shipping routes and fuel markets, increasing costs and operational complexity. Our focus remains on safe and reliable operations, supporting our customers and managing risks. With improved operational control into Q2, we believe we are well positioned to navigate ongoing uncertainty and continue to deliver value through disciplined execution, resilient network economics and a strong financial position, as evidenced by the declared dividend.”

Outlook Demand for ocean transportation remains firm, supported by steady demand from Asia and China, but with increasing geopolitical complexities During Q2, the short-term timing impact from higher fuel prices is expected around USD 20m. The disruption impact of Middle East Service volumes is expected around USD 10m Q2 2026 EBITDA adjusted for above effects is expected in line to slightly below Q1 2026

Please find attached the Q1 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, Head 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.