HAFN financial statements
The full income statement, balance sheet, and cash-flow statement for Hafnia Limited (HAFN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Revenue | 2.28B-20.5% | 2.87B+7.4% | 2.67B+38.7% | 1.93B | |
| Gross profit | 956M-31.3% | 1.39B+1.8% | 1.37B+1.5% | 1.35B | |
| Operating income | 370M-54.1% | 806M-6.1% | 858M+4.2% | 823M | |
| Pre-tax income | 342M-56.0% | 778M-2.6% | 800M+5.4% | 758M | |
| Income tax | 2.50M-43.5% | 4.42M-29.3% | 6.25M-6.4% | 6.68M | |
| 340M-56.1% | 774M-2.4% | 793M+5.5% | 752M | ||
| Net income to common | 340M-56.1% | 774M-2.4% | 793M+5.5% | 752M | |
| $0.67-55.3% | $1.50-3.8% | $1.56+1.3% | $1.54 | ||
| EPS (basic) | $0.68-55.3% | $1.52-3.2% | $1.57+0.0% | $1.57 | |
| Weighted-avg shares (basic) | 498M-2.3% | 510M+1.0% | 505M+5.7% | 478M | |
| Weighted-avg shares (diluted) | 504M-2.1% | 515M+1.3% | 509M+4.0% | 489M | |
| Dividends per share | $0.03-87.9% | $0.24-77.3% | $1.07+114.6% | $0.50 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 844M-6.2% | 900M-3.5% | 933M | — | ||
| Cash & equivalents | 193M-32.1% | 284M+27.4% | 223M-20.6% | 280M | |
| Accounts receivable | 522M+3.6% | 504M-14.6% | 590M | — | |
| Inventory | 69.0M-26.7% | 94.2M-12.6% | 108M | — | |
| 3.81B+3.0% | 3.70B-5.4% | 3.91B | — | ||
| Total non-current assets | 2.97B+5.9% | 2.80B-6.0% | 2.98B | — | |
| 572M-12.5% | 654M-1.1% | 661M | — | ||
| Short-term & current debt | 213M-36.8% | 336M+25.8% | 267M | — | |
| 1.48B+3.0% | 1.44B-14.6% | 1.69B | — | ||
| Long-term debt | 910M+15.8% | 786M-23.3% | 1.03B | — | |
| 2.33B+3.0% | 2.26B+1.6% | 2.23B+10.9% | 2.01B | ||
| Total equity incl. non-controlling | 2.33B+3.0% | 2.26B+1.6% | 2.23B+10.9% | 2.01B | |
| Common shares issued | — | 513M+1.1% | 507M+0.7% | 503M | |
| Shares outstanding (cover) | 498M-1.0% | 503M | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| 603M-41.5% | 1.03B-2.9% | 1.06B+37.6% | 771M | ||
| Intangible amortization | 427K-46.8% | 803K-38.2% | 1.30M+5.7% | 1.23M | |
| Capital expenditure | 146M+194.8% | 49.6M-73.1% | 184M-58.8% | 447M | |
| Free cash flow | 457M-53.4% | 981M+11.9% | 876M+170.7% | 324M | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 900M+718.2% | 110M-55.5% | 247M-43.9% | 440M | |
| Long-term debt repaid | 423M+287.4% | 109M-64.7% | 309M-25.7% | 416M | |
| Common stock issued | 0.00 | 0.00 | 0.00-100.0% | 97.5M | |
| Common stock repurchased | 27.7M+7.6% | 25.7M+9.6% | 23.5M | 0.00 | |
| Dividends paid | 199M-71.6% | 700M+28.6% | 544M+123.2% | 244M | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | |
| Market cap | 2.65B-5.2% | 2.80B | — | — | |
| P/E | 7.8×+115.9% | 3.6× | — | — | |
| P/S | 1.2×+19.1% | 1.0× | — | — | |
| P/B | 1.1×-8.0% | 1.2× | — | — | |
| P/FCF | 5.8×+103.5% | 2.9× | — | — | |
| Earnings yield | 12.8%-53.7% | 27.6% | — | — | |
| FCF yield | 17.2%-50.9% | 35.0% | — | — | |
| Dividend yield | 0.55%-87.4% | 4.4% | — | — | |
| Source filing | 20-F | 20-F | 10-K | 10-K |
About this data
Source: HAFN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all HAFN filings on SEC EDGAR → Not investment advice.