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Hafnia Ltd

HAFN Clue Score65
Bermuda Fiscal year ends December CIK 0001815779
$10.72 -1.20% Close, 9 Oct 2026
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Price $10.72 +568.95% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 18 Jun 2020. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2022Revenue1,926.6Operating income823.2Net income751.6EPS, diluted1.54Fiscal year 2023Revenue2,671.7 +38.7%Operating income857.9Net income793.3 +5.5%EPS, diluted1.56 +1.3%Fiscal year 2024Revenue2,868.6 +7.4%Operating income805.7Net income774.0 −2.4%EPS, diluted1.50 −3.8%
FY2022FY2023FY2024
Revenue 1,926.6 2,671.7 2,868.6
Growth +38.7% +7.4%
Operating income 823.2 857.9 805.7
Net income 751.6 793.3 774.0
Growth +5.5% −2.4%
EPS, diluted 1.54 1.56 1.50
Growth +1.3% −3.8%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2022Gross margin69.9%Operating margin42.7%Net margin39.0%Free cash flow margin16.8%Fiscal year 2023Gross margin51.2%Operating margin32.1%Net margin29.7%Free cash flow margin32.8%Fiscal year 2024Gross margin48.5%Operating margin28.1%Net margin27.0%Free cash flow margin34.2%
FY2022FY2023FY2024
Gross margin 69.9% 51.2% 48.5%
Operating margin 42.7% 32.1% 28.1%
Net margin 39.0% 29.7% 27.0%
Free cash flow margin 16.8% 32.8% 34.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2022Operating cash flow770.9Capital expenditure−447.1Free cash flow323.8Dividends paid−243.7Fiscal year 2023Operating cash flow1,060.8Capital expenditure−184.4Free cash flow876.4 +170.7%Dividends paid−544.1Fiscal year 2024Operating cash flow1,030.4Capital expenditure−49.6Free cash flow980.8 +11.9%Dividends paid−699.9
FY2022FY2023FY2024
Operating cash flow 770.9 1,060.8 1,030.4
Capital expenditure −447.1 −184.4 −49.6
Free cash flow 323.8 876.4 980.8
Growth +170.7% +11.9%
Dividends paid −243.7 −544.1 −699.9

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2022Cash280.3Shareholders’ equity2,009.0Fiscal year 2023Cash222.5Total debt1,025.0Net cash (debt)−802.5Shareholders’ equity2,227.7Debt to equity0.46Fiscal year 2024Cash283.6Total debt786.0Net cash (debt)−502.4Shareholders’ equity2,262.5Debt to equity0.35
FY2022FY2023FY2024
Cash 280.3 222.5 283.6
Total debt n/a 1,025.0 786.0
Net cash (debt) n/a −802.5 −502.4
Shareholders’ equity 2,009.0 2,227.7 2,262.5
Debt to equity n/a 0.46 0.35

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2024 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024
Revenue and profit
1,926.6 2,671.7 2,868.6
Growth +38.7% +7.4%
1,346.7 1,366.6 1,391.3
Growth +1.5% +1.8%
823.2 857.9 805.7
Growth +4.2% −6.1%
758.3 799.5 778.5
6.7 6.3 4.4
751.6 793.3 774.0
Growth +5.5% −2.4%
Per share
1.57 1.57 1.52
1.54 1.56 1.50
Growth +1.3% −3.8%
477.9 505.1 510.1
489.1 508.7 515.1
Growth +4.0% +1.3%

Five years in brief

Worked out from the figures above, not from a press release
  • Profitable in every one of the 3 years on file.