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Hafnia (HAFN) Financials

Hafnia logo
$8.70 +0.06 (+0.64%)
Closing price 03:59 PM Eastern
Extended Trading
$8.72 +0.02 (+0.23%)
As of 04:10 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for Hafnia

Annual Income Statements for Hafnia

This table shows Hafnia's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 752 803 774 322
Consolidated Net Income / (Loss)		 752 793 774 322
Net Income / (Loss) Continuing Operations		 752 803 775 322
Total Pre-Tax Income 		758 800 778 342
Total Operating Income		 782 808 769 370
Total Gross Profit		 1,347 1,367 1,391 956
Total Revenue		 1,924 2,666 2,867 2,282
Operating Revenue		 1,924 2,666 2,867 2,282
Total Cost of Revenue		 901 1,634 1,832 1,754
Operating Cost of Revenue		 901 1,634 1,832 1,754
Total Operating Expenses		 242 223 265 158
Depreciation Expense		 208 210 214 202
Other Operating Expenses / (Income)		 34 13 51 -31
Other Special Charges / (Income)		 - - - -12
Total Other Income / (Expense), net		 -47 -18 -10 -45
Interest Expense		 91 77 52 52
Interest & Investment Income		 6.98 18 16 13
Other Income / (Expense), net		 37 42 26 -5.61
Income Tax Expense		 6.68 6.25 4.42 2.50
Basic Earnings per Share		 - - - $0.68
Weighted Average Basic Shares Outstanding		 - - 502.92M 497.99M
Diluted Earnings per Share		 - - - $0.67
Weighted Average Diluted Shares Outstanding		 - - 502.92M 497.99M
Weighted Average Basic & Diluted Shares Outstanding		 - - 502.92M 497.99M

Quarterly Income Statements for Hafnia

No quarterly income statements for Hafnia are available.

Annual Cash Flow Statements for Hafnia

This table details how cash moves in and out of Hafnia's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 289 728 982 960
Net Cash From Operating Activities		 771 790 1,026 509
Net Cash From Continuing Operating Activities		 775 790 1,026 509
Net Income / (Loss) Continuing Operations		 752 793 774 340
Consolidated Net Income / (Loss)		 752 793 774 340
Depreciation Expense		 - 211 215 202
Non-Cash Adjustments To Reconcile Net Income		 1.76 -214 37 -33
Net Cash From Investing Activities		 -179 0.00 3.70 1.00
Net Cash From Continuing Investing Activities		 -187 0.00 3.70 1.00
Sale and/or Maturity of Investments		 4.17 0.00 3.70 1.00
Net Cash From Financing Activities		 -465 -62 -48 450
Net Cash From Continuing Financing Activities		 -295 -62 -48 450
Repurchase of Preferred Equity		 - 0.00 -49 -28
Issuance of Debt		 440 -62 0.86 477
Cash Interest Received		 - 14 12 12

Quarterly Cash Flow Statements for Hafnia

No quarterly cash flow statements for Hafnia are available.

Annual Balance Sheets for Hafnia

This table presents Hafnia's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Total Assets		 3,914 3,702 3,812
Total Current Assets		 920 875 794
Cash & Equivalents		 223 195 104
Accounts Receivable		 590 504 523
Inventories, net		 108 94 69
Other Current Assets		 - 81 98
Plant, Property, & Equipment, net		 1,216 997 937
Plant, Property & Equipment, gross		 1,216 997 937
Total Noncurrent Assets		 190 2,933 3,419
Long-Term Investments		 24 23 298
Intangible Assets		 1.29 5.92 17
Other Noncurrent Operating Assets		 96 2,904 3,067
Other Noncurrent Nonoperating Assets		 - 0.00 37
Total Liabilities & Shareholders' Equity		 2,327 2,120 2,329
Total Liabilities		 1,686 1,440 1,482
Total Current Liabilities		 394 313 354
Accounts Payable		 385 313 354
Total Noncurrent Liabilities		 1,320 1,102 1,119
Noncurrent Deferred & Payable Income Tax Liabilities		 - 2.76 5.02
Other Noncurrent Operating Liabilities		 - 1,100 1,114
Total Equity & Noncontrolling Interests		 613 705 846
Total Preferred & Common Equity		 613 705 846
Total Common Equity		 613 705 846
Retained Earnings		 631 705 846

Quarterly Balance Sheets for Hafnia

No quarterly balance sheets for Hafnia are available.

Annual Metrics And Ratios for Hafnia

This table displays calculated financial ratios and metrics derived from Hafnia's official financial filings.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 - - - 497,989,642.00
DEI Adjusted Shares Outstanding		 - - - 497,989,642.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - 0.65
Growth Metrics		 - - - -
Revenue Growth		 0.00% 38.55% 7.53% -20.40%
EBITDA Growth		 0.00% 3.38% -4.78% -43.97%
EBIT Growth		 0.00% 3.87% -6.44% -54.23%
NOPAT Growth		 0.00% 3.54% -4.63% -52.03%
Net Income Growth		 0.00% 5.55% -2.43% -58.34%
EPS Growth		 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Growth		 0.00% 9.75% 24.67% -50.38%
Free Cash Flow Firm Growth		 0.00% 0.00% 12.81% 140.25%
Invested Capital Growth		 0.00% 0.00% 91.14% 2.09%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - -
Gross Margin		 69.99% 51.26% 48.53% 41.89%
EBITDA Margin		 53.34% 39.80% 35.24% 24.81%
Operating Margin		 40.62% 30.32% 26.84% 16.20%
EBIT Margin		 42.53% 31.88% 27.74% 15.95%
Profit (Net Income) Margin		 39.06% 29.76% 27.00% 14.13%
Tax Burden Percent		 99.12% 99.22% 99.43% 94.25%
Interest Burden Percent		 92.67% 94.07% 97.90% 94.01%
Effective Tax Rate		 0.88% 0.78% 0.57% 0.73%
Return on Invested Capital (ROIC)		 0.00% 96.69% 31.67% 11.45%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 95.02% 32.19% 9.62%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 162.09% 85.76% 30.12%
Return on Equity (ROE)		 0.00% 258.79% 117.43% 41.57%
Cash Return on Invested Capital (CROIC)		 0.00% -103.31% -30.94% 9.39%
Operating Return on Assets (OROA)		 0.00% 21.72% 20.88% 9.69%
Return on Assets (ROA)		 0.00% 20.27% 20.33% 8.58%
Return on Common Equity (ROCE)		 0.00% 258.79% 117.43% 41.57%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 109.76% 0.00%
Net Operating Profit after Tax (NOPAT)		 775 802 765 367
NOPAT Margin		 40.26% 30.09% 26.68% 16.08%
Net Nonoperating Expense Percent (NNEP)		 0.00% 1.68% -0.52% 1.83%
Return On Investment Capital (ROIC_SIMPLE)		 - 42.09% 108.47% 43.36%
Cost of Revenue to Revenue		 46.80% 61.30% 63.91% 76.86%
SG&A Expenses to Revenue		 0.00% 0.00% 0.00% 0.00%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 12.58% 8.37% 9.25% 6.94%
Earnings before Interest and Taxes (EBIT)		 818 850 795 364
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,026 1,061 1,010 566
Valuation Ratios		 - - - -
Price to Book Value (P/BV)		 0.00 0.00 3.95 3.06
Price to Tangible Book Value (P/TBV)		 0.00 0.00 3.98 3.12
Price to Revenue (P/Rev)		 0.00 0.00 0.97 1.14
Price to Earnings (P/E)		 0.00 0.00 3.60 8.04
Dividend Yield		 0.00% 0.00% 20.39% 7.66%
Earnings Yield		 0.00% 0.00% 27.82% 12.44%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.81 0.68
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.89 0.96
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 2.54 3.87
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 3.22 6.02
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 3.35 5.97
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 2.43 4.30
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 7.28
Leverage & Solvency		 - - - -
Debt to Equity		 0.00 2.11 0.00 0.00
Long-Term Debt to Equity		 0.00 2.11 0.00 0.00
Financial Leverage		 0.00 1.71 2.66 3.13
Leverage Ratio		 0.00 6.38 5.78 4.84
Compound Leverage Factor		 0.00 6.01 5.66 4.55
Debt to Total Capital		 0.00% 67.82% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 67.82% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 32.18% 100.00% 100.00%
Debt to EBITDA		 0.00 1.22 0.00 0.00
Net Debt to EBITDA		 0.00 0.99 0.00 0.00
Long-Term Debt to EBITDA		 0.00 1.22 0.00 0.00
Debt to NOPAT		 0.00 1.61 0.00 0.00
Net Debt to NOPAT		 0.00 1.30 0.00 0.00
Long-Term Debt to NOPAT		 0.00 1.61 0.00 0.00
Altman Z-Score		 0.00 0.00 3.09 2.41
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - -
Current Ratio		 0.00 2.34 2.80 2.24
Quick Ratio		 0.00 2.06 2.23 1.77
Cash Flow Metrics		 - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -857 -747 301
Operating Cash Flow to CapEx		 402.41% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 0.00 -11.07 -14.26 5.73
Operating Cash Flow to Interest Expense		 8.46 10.93 20.14 9.70
Operating Cash Flow Less CapEx to Interest Expense		 6.36 10.93 20.14 9.70
Efficiency Ratios		 - - - -
Asset Turnover		 0.00 0.68 0.75 0.61
Accounts Receivable Turnover		 0.00 4.52 5.24 4.44
Inventory Turnover		 0.00 15.17 18.15 21.50
Fixed Asset Turnover		 0.00 2.19 2.59 2.36
Accounts Payable Turnover		 0.00 4.24 5.25 5.26
Days Sales Outstanding (DSO)		 0.00 80.74 69.62 82.15
Days Inventory Outstanding (DIO)		 0.00 24.06 20.11 16.98
Days Payable Outstanding (DPO)		 0.00 86.10 69.56 69.40
Cash Conversion Cycle (CCC)		 0.00 18.70 20.17 29.72
Capital & Investment Metrics		 - - - -
Invested Capital		 0.00 1,659 3,171 3,237
Invested Capital Turnover		 0.00 3.21 1.19 0.71
Increase / (Decrease) in Invested Capital		 0.00 1,659 1,512 66
Enterprise Value (EV)		 0.00 0.00 2,564 2,191
Market Capitalization		 0.00 0.00 2,783 2,592
Book Value per Share		 $0.00 $0.00 $1.40 $1.68
Tangible Book Value per Share		 $0.00 $0.00 $1.39 $1.65
Total Capital		 0.00 1,905 705 846
Total Debt		 0.00 1,292 0.00 0.00
Total Long-Term Debt		 0.00 1,292 0.00 0.00
Net Debt		 0.00 1,046 -218 -401
Capital Expenditures (CapEx)		 192 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 304 367 336
Debt-free Net Working Capital (DFNWC)		 0.00 526 562 440
Net Working Capital (NWC)		 0.00 526 562 440
Net Nonoperating Expense (NNE)		 23 8.77 -9.13 44
Net Nonoperating Obligations (NNO)		 0.00 1,046 2,466 2,391
Total Depreciation and Amortization (D&A)		 208 211 215 202
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 11.40% 12.79% 14.72%
Debt-free Net Working Capital to Revenue		 0.00% 19.74% 19.60% 19.26%
Net Working Capital to Revenue		 0.00% 19.74% 19.60% 19.26%
Earnings Adjustments		 - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 $0.68
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 502.92M 497.99M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.67
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 502.92M 497.99M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 502.92M 497.99M
Normalized Net Operating Profit after Tax (NOPAT)		 775 802 765 355
Normalized NOPAT Margin		 40.26% 30.09% 26.68% 15.55%
Pre Tax Income Margin		 39.41% 29.99% 27.16% 15.00%
Debt Service Ratios		 - - - -
EBIT to Interest Expense		 8.98 10.98 15.18 6.93
NOPAT to Interest Expense		 8.50 10.36 14.60 6.99
EBIT Less CapEx to Interest Expense		 6.88 10.98 15.18 6.93
NOPAT Less CapEx to Interest Expense		 6.40 10.36 14.60 6.99
Payout Ratios		 - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Hafnia

No quarterly metrics and ratios for Hafnia are available.


Financials Breakdown Chart

Hafnia Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Hafnia's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Hafnia's net income appears to be on a downward trend, with a most recent value of $322.49 million in 2025, falling from $751.59 million in 2022. The previous period was $774.04 million in 2024. View Hafnia's forecast to see where analysts expect Hafnia to go next.

Hafnia's total operating income in 2025 was $369.59 million, based on the following breakdown:
  • Total Gross Profit: $955.87 million
  • Total Operating Expenses: $158.37 million

Over the last 3 years, Hafnia's total revenue changed from $1.92 billion in 2022 to $2.28 billion in 2025, a change of 18.6%.

Hafnia's total liabilities were at $1.48 billion at the end of 2025, a 3.0% increase from 2024, and a 12.1% decrease since 2023.

In the past 2 years, Hafnia's cash and equivalents has ranged from $103.61 million in 2025 to $222.52 million in 2023, and is currently $103.61 million as of their latest financial filing in 2025.

Over the last 3 years, Hafnia's book value per share changed from 0.00 in 2022 to 1.68 in 2025, a change of 168.3%.


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Financial statements for NYSE:HAFN last updated on 4/18/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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