diff --git a/runtime/hsa-runtime/core/runtime/runtime.cpp b/runtime/hsa-runtime/core/runtime/runtime.cpp
index cbe09cd47b..004a58631c 100644
--- a/runtime/hsa-runtime/core/runtime/runtime.cpp
+++ b/runtime/hsa-runtime/core/runtime/runtime.cpp
@@ -2063,9 +2063,20 @@ void Runtime::LoadTools() {
       rocprofiler_register_library_api_table("hsa", &ROCPROFILER_REGISTER_IMPORT_FUNC(hsa),
                                              ROCP_REG_VERSION, &profiler_api_table_, 1, &lib_id);
 
-  if (rocp_reg_status != ROCP_REG_SUCCESS && flag().report_tool_load_failures())
-    fprintf(stderr, "rocprofiler-register failed with error code %i: %s\n", rocp_reg_status,
-            rocprofiler_register_error_string(rocp_reg_status));
+  if (rocp_reg_status != ROCP_REG_SUCCESS && flag().report_tool_load_failures()) {
+    // hsa-runtime, in non-debug mode, enables reporting tool load failures by default,
+    // which is good scheme for when tools were only loaded via the HSA_TOOLS_LIB env variable
+    // but, with automatic detection, this will result in reporting that no tools were available.
+    // So if no tools were available and flag().report_tool_load_failures() is true, we make
+    // sure that HSA_TOOLS_REPORT_LOAD_FAILURE was explicitly set and, if not, we suppress
+    // reporting that no tools were found
+    if (rocp_reg_status != ROCP_REG_NO_TOOLS ||
+        (rocp_reg_status == ROCP_REG_NO_TOOLS &&
+         flag().report_tool_load_failures_explicitly_set())) {
+      fprintf(stderr, "[hsa-runtime][%i] rocprofiler-register failed with error code %i: %s\n",
+              getpid(), rocp_reg_status, rocprofiler_register_error_string(rocp_reg_status));
+    }
+  }
 
   bool allow_v1_registration = false;
   if(os::IsEnvVarSet("HSA_TOOLS_ROCPROFILER_V1_TOOLS"))
diff --git a/runtime/hsa-runtime/core/util/flag.h b/runtime/hsa-runtime/core/util/flag.h
index 32749b8c61..304b367ffb 100644
--- a/runtime/hsa-runtime/core/util/flag.h
+++ b/runtime/hsa-runtime/core/util/flag.h
@@ -150,6 +150,7 @@ class Flag {
 
     var = os::GetEnvVar("HSA_TOOLS_REPORT_LOAD_FAILURE");
 
+    report_tool_load_failures_explicit_ = (var.empty()) ? false : true;
     ifdebug {
       report_tool_load_failures_ = (var == "1") ? true : false;
     } else {
@@ -185,7 +186,7 @@ class Flag {
 
     var = os::GetEnvVar("HSA_IGNORE_SRAMECC_MISREPORT");
     check_sramecc_validity_ = (var == "1") ? false : true;
-    
+
     // Legal values are zero "0" or one "1". Any other value will
     // be interpreted as not defining the env variable.
     var = os::GetEnvVar("HSA_XNACK");
@@ -248,6 +249,10 @@ class Flag {
 
   bool report_tool_load_failures() const { return report_tool_load_failures_; }
 
+  bool report_tool_load_failures_explicitly_set() const {
+    return report_tool_load_failures_explicit_;
+  }
+
   bool disable_fragment_alloc() const { return disable_fragment_alloc_; }
 
   bool rev_copy_dir() const { return rev_copy_dir_; }
@@ -334,6 +339,7 @@ class Flag {
   bool sdma_wait_idle_;
   bool enable_queue_fault_message_;
   bool report_tool_load_failures_;
+  bool report_tool_load_failures_explicit_;
   bool disable_fragment_alloc_;
   bool rev_copy_dir_;
   bool fine_grain_pcie_;