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Financials · HAFN

Hafnia Limited (HAFN) financials

For fiscal 2025 (ended Dec 31, 2025), Hafnia Limited reported $2.28B of revenue and $339.68M of net income.

Revenue, FY2025
$2.28B
Revenue growth, YoY
-20.5%
Net income, FY2025
$339.68M
Net income growth, YoY
-56.1%
Net margin
14.9%
Free cash flow, FY2025
$456.69M
EPS, diluted, FY2025
$0.67
EPS growth, YoY
-55.3%
Cash
$192.57M
Total debt
$910.40M
P/E
14.77
P/S
2.20
Market cap
$5.02B
Annual revenue$2.28B
FY2022FY2025
Annual net income$339.68M
FY2022FY2025
Annual free cash flow$456.69M
FY2022FY2025

HAFN revenue and earnings growth

HAFN revenueFY2025$2.28B

FY YoY
-20.5%

HAFN revenue was $2.28B for fiscal 2025 (ended Dec 31, 2025), down 20.5% from fiscal 2024. It rose in 2 of the last 3 fiscal years.

HAFN net incomeFY2025$339.68M

FY YoY
-56.1%

HAFN net income was $339.68M for fiscal 2025 (ended Dec 31, 2025), down 56.1% from fiscal 2024. It rose in 1 of the last 3 fiscal years.

HAFN EPSFY2025$0.67

FY YoY
-55.3%

HAFN diluted EPS was $0.67 for fiscal 2025 (ended Dec 31, 2025), down 55.3% from fiscal 2024.

HAFN free cash flowFY2025$456.69M

FY YoY
-53.4%

HAFN free cash flow was $456.69M for fiscal 2025 (ended Dec 31, 2025), down 53.4% from fiscal 2024. It rose in 2 of the last 3 fiscal years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue$2.28B$2.87B$2.67B$1.93B
Gross profit$955.87M$1.39B$1.37B$1.35B
Operating income$369.59M$805.73M$857.95M$823.21M
Interest expense$49.77M$52.38M$77.39M$91.09M
Pre-tax income$342.18M$778.45M$799.53M$758.27M
Income tax$2.50M$4.42M$6.25M$6.68M
Net income$339.68M$774.03M$793.27M$751.59M
EPS, basic$0.68$1.52$1.57$1.57
EPS, diluted$0.67$1.50$1.56$1.54
Diluted shares504.1M515.1M508.7M489.1M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Cash and equivalents$192.57M$283.57M$222.52M$280.32M
Receivables$521.95M$503.84M$589.71M-
Inventory$69.03M$94.16M$107.70M-
Current assets$843.95M$900.08M$932.84M-
Total assets$3.81B$3.70B$3.91B-
Current liabilities$571.91M$653.83M$661.19M-
Long-term debt$910.40M$785.95M$1.03B-
Total debt$910.40M$785.95M$1.03B-
Total liabilities$1.48B$1.44B$1.69B-
Shareholders' equity$2.33B$2.26B$2.23B$2.01B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Operating cash flow$602.89M$1.03B$1.06B$770.89M
Capital expenditures$146.20M$49.60M$184.39M$447.13M
Free cash flow$456.69M$980.76M$876.41M$323.76M
Investing cash flow-$363.72M$29.89M-$31.68M-$179.13M
Financing cash flow-$330.17M-$999.21M-$1.09B-$465.13M
Dividends paid$198.64M$699.88M$544.14M$243.75M
Stock-based compensation$3.21M$2.96M$2.82M$1.76M
Depreciation and amortization$202.13M$215.11M$211.03M$209.22M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
Revenue growth, YoY-20.5%7.4%38.7%-
Net income growth, YoY-56.1%-2.4%5.5%-
EPS growth, YoY-55.3%-3.8%1.3%-
Gross margin41.9%48.5%51.2%69.9%
Operating margin16.2%28.1%32.1%42.7%
Net margin14.9%27.0%29.7%39.0%
Free cash flow margin20.0%34.2%32.8%16.8%
Return on equity14.6%34.2%35.6%37.4%
Return on assets8.9%20.9%20.3%-
Current ratio1.481.381.41-
Debt to equity0.390.350.46-

Source: XBRL data Hafnia Limited files with the SEC, latest filing dated Apr 17, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

HAFN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
HAFN$2.28B-20.5%$339.68M14.9%$5.02B
BKNG$28.13B+8.0%$7.18B25.5%$119.49B
EXPE$16.23B+12.9%$2.11B13.0%$29.68B
XPO$8.84B+9.5%$503.00M5.7%$20.62B
GATX$2.21B+29.7%$391.10M17.7%$6.38B
GXO$13.84B+7.1%$136.00M1.0%$6.24B
MMYT$1.04B+6.7%$51.80M5.0%$4.81B
RXO$6.54B+10.1%-$88.00M-1.3%$4.55B
BWLP--$242.31M-$3.48B

HAFN FAQ

9 questions
  • What is HAFN revenue?
    Hafnia Limited (HAFN) reported $2.28B of revenue for fiscal 2025 (ended Dec 31, 2025). That is down 20.5% from the year before.
  • Is HAFN profitable?
    Yes. Hafnia Limited earned $339.68M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 14.9%.
  • How much cash and debt does HAFN have?
    Hafnia Limited reported $192.57M in cash and cash equivalents and $910.40M of debt on its most recent balance sheet in SEC filings.
  • How fast is HAFN revenue growing?
    Hafnia Limited's revenue changed -20.5% in fiscal 2025, to $2.28B.
  • What is HAFN gross margin?
    Hafnia Limited's gross profit was $955.87M on $2.28B of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 41.9%.
  • What is HAFN free cash flow?
    Hafnia Limited generated $456.69M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $602.89M less capital expenditures.
  • What is HAFN earnings per share?
    Diluted earnings per share were $0.67 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did HAFN last report financial results?
    The latest statements here come from Hafnia Limited's 20-F filed on Apr 17, 2026, covering the period ended Dec 31, 2025.
  • Where does this HAFN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Hafnia Limited files with the SEC. It is provided for information only and is not investment advice.