HAFN
Hafnia Limited
NYSE: HAFN · INDUSTRIALS · MARINE SHIPPING
$8.82
-6.77% today
Updated 2026-05-06
Market cap
$4.46B
P/E ratio
13.31
P/S ratio
1.95x
EPS (TTM)
$0.67
Dividend yield
6.13%
52W range
$4 – $9
Volume
2.1M
Hafnia Limited (HAFN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $302.31M | $346.48M | $368.39M | $827.86M | $874.10M | $811.22M | $1.93B | $2.67B | $2.87B | $2.35B |
| Revenue growth (YoY) | — | +14.6% | +6.3% | +124.7% | +5.6% | -7.2% | +137.5% | +38.7% | +7.4% | -18.1% |
| Cost of revenue | $274.72M | $318.24M | $326.13M | $646.54M | $634.98M | $623.64M | $1.09B | $1.82B | $2.02B | $1.93B |
| Gross profit | $27.59M | $28.24M | $42.26M | $181.31M | $239.12M | $187.57M | $840.42M | $852.14M | $849.63M | $423.20M |
| Gross margin | 9.1% | 8.2% | 11.5% | 21.9% | 27.4% | 23.1% | 43.6% | 31.9% | 29.6% | 18.0% |
| R&D | — | — | — | — | — | — | — | — | — | — |
| SG&A | $3.70M | $3.71M | $3.54M | $6.26M | $24.61M | $16.01M | $37.77M | $42.82M | $50.60M | $50.45M |
| Operating income | $-166.39M | $29.89M | $12.19M | $145.60M | $193.57M | $-4.86M | $823.21M | $857.95M | $805.73M | $335.83M |
| Operating margin | -55.0% | 8.6% | 3.3% | 17.6% | 22.1% | -0.6% | 42.7% | 32.1% | 28.1% | 14.3% |
| EBITDA | $-108.05M | $83.43M | $68.61M | $271.26M | $354.82M | $139.58M | $1.06B | $1.09B | $1.05B | $543.90M |
| EBITDA margin | -35.7% | 24.1% | 18.6% | 32.8% | 40.6% | 17.2% | 54.9% | 40.7% | 36.5% | 23.2% |
| EBIT | $-167.63M | $29.25M | $11.75M | $139.76M | $198.38M | $-12.10M | $849.36M | $876.91M | $830.83M | $335.83M |
| Interest expense | $20.80M | $27.30M | $30.27M | $77.53M | $54.07M | $45.61M | $94.23M | $77.39M | $60.55M | $59.80M |
| Income tax | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-186.61M | $2.96M | $-19.78M | $71.73M | $148.78M | $-55.49M | $751.59M | $793.27M | $774.03M | $349.66M |
| Net income growth (YoY) | — | +101.6% | -767.6% | +462.6% | +107.4% | -137.3% | +1454.4% | +5.5% | -2.4% | -54.8% |
| Profit margin | -61.7% | 0.9% | -5.4% | 8.7% | 17.0% | -6.8% | 39.0% | 29.7% | 27.0% | 14.9% |