Hafnia Limited

Hafnia Limited

HAFN
Hafnia LimitedUS flagNew York Stock Exchange
9.22
USD
+0.29
- -
4.61BMarket Cap
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.88
0.82
0.94
1.07
2.39
2.4
2.23
4.03
5.29
5.62
4.58
5.35
Basic EPS, GAAP
0.18
-0.5
0.01
-0.06
0.21
0.41
-0.15
1.57
1.57
1.52
0.68
1.32
Free Cash Flow per Basic Share
-0.43
-0.03
-0.1
0.12
-0.1
0.96
0.22
0.68
1.73
1.92
0.92
1.17
Dividend per Share
- -
- -
- -
- -
- -
0.27
- -
0.51
1.08
1.37
0.4
0.73
Book Value per Share
1.61
1.07
1.16
1.66
3.08
3.16
3.06
4.01
4.42
4.5
4.68
5.3
Tangible Book Value per Share
1.61
1.07
1.16
1.66
3.07
3.15
3.05
4.01
4.42
4.5
4.68
5.3
Basic Weighted Avg Shares
370
370
370
343
347
364
363
478
505
510
498
499
Sales/Revenue/Turnover
327
302
346
368
828
874
811
1,927
2,672
2,869
2,282
2,667
Operating Margin (%)
30.17
9.13
8.15
5.32
17.68
23.61
0.01
41.41
30.01
27.09
15.66
22.1
Depreciation Expense
47
60
54
57
132
156
152
209
211
215
202
197
Net Income, GAAP
68
-187
3
-20
72
149
-55
752
793
774
340
659
Effective Tax Rate (%)
0.04
- -
0.67
- -
1.4
1.75
- -
0.88
0.78
0.57
0.73
0.09
Profit Margin (%)
20.75
-61.73
0.86
-5.37
8.67
17.02
-6.84
39.01
29.69
26.98
14.89
24.7
Working Capital
22
-7
-90
14
15
29
27
394
272
246
272
432
LT Debt
703
661
614
613
1,235
1,128
1,083
1,455
1,025
786
910
654
Total Equity
554
367
398
571
1,119
1,148
1,112
2,009
2,228
2,263
2,330
2,650
Return on Invested Capital (%)
- -
- -
2.48
- -
7.54
8.08
- -
25.37
21.75
22.35
10.36
17.14
Return on Capital (%)
- -
- -
2.56
- -
7.2
7.76
- -
27.04
23.82
23.93
11.38
20.52
Return on Common Equity (%)
- -
-40.53
0.78
-4.08
8.49
13.13
-4.91
48.16
37.45
34.48
14.79
26.61

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
213
246
232
LT Borrowings
863
734
610
LT Finance Leases
47
45
44
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
498
500
500
Market Capitalization
2,654
3,798
3,319

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
844
1,135
1,092
Cash, Cash Equivalents & STI
104
146
271
Accounts Receivable, Net
323
670
607
Inventories
69
86
110
Total Current Liabilities
572
708
660
Payables & Accruals
356
425
414
ST Debt
213
246
232
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.96%
18.59%
2.96%
Free Cash Flow
-99.07%
71.9%
-53.43%
Net Income, GAAP
-324.43%
-328.94%
-56.12%
Sales/Revenue/Turnover
29.97%
31.18%
-20.45%
Total Cash Common Dividend
- -
- -
-71.62%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
785
831
720
533
2,869
2025
548
554
587
593
2,282
2026
671
816
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.43
0.51
0.42
0.16
1.52
2025
0.13
0.15
0.18
0.22
0.68
2026
0.36
0.56
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
0.35
0.41
0.38
1.37
2025
0.03
0.1
0.12
0.15
0.4
2026
0.18
0.29
- -
- -
- -

Company Description

CEO
Mikael Opstun Skov
Full Time Employees
4,876
Sector
Industrials
Industry
Marine Shipping
Address
#18-01 Mapletree Business City Singapore CE Singapore 117438
IPO Date
Jun 18, 2020
Website
hafnia.com
Business
Hafnia Limited owns and operates one of the world's largest fleets of product and chemical tankers, transporting clean and dirty refined oil products, vegetable oils, and easy chemicals to national and international oil companies, chemical companies, trading houses, and utility companies. The Bermuda-incorporated company, founded in 2010 and headquartered at 10 Pasir Panjang Road, #18-01, Mapletree Business City, Singapore 117438, functions through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments; it provides ship owning, ship-management, investment, management, corporate support, agency office, chartering, pool management, technical management, commercial services, and a large-scale bunker desk from offices in Singapore, Copenhagen, Houston, Dubai, and India. With over 200 vessels in operation, Hafnia delivers a fully integrated shipping platform focused on safe, sustainable hydrocarbon transportation across global trade routes, emphasizing ESG initiatives, people-first culture, and industry-leading sustainability such as fleet retrofits for emissions reduction. In recent developments, Hafnia completes a redomiciliation to Singapore in October 2024, enhancing its operational structure; enters a binding share purchase agreement in September 2025 to acquire approximately 14.45% of TORM plc's shares from Oaktree Capital Management, signaling strategic consolidation in the tanker sector; and signs a USD 715 million revolving credit facility in July 2025 with a syndicate of 11 banks led by ING, OCBC, and Standard Chartered to refinance debt on 32 modern product tankers with a seven-year tenor.

Company News

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  • Hafnia Limited Announces Financial Results For The Three and Six Months Ended 30 June 2026

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  • Hafnia's Q2 2026 Financial Results Presentation to Be Held on 28 August 2026

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  • 13 Lucky Dogs: June Graham Value All-Stars (GVAS)

  • HAFNIA LIMITED: Ex dividend USD 0.2877 on the Oslo Stock Exchange today

  • Hafnia: Time To Reap The Harvest, Not To Invest More Capital

  • Hafnia Limited (HAFN) Q1 2026 Earnings Call Transcript

  • Hafnia Q1 Earnings Call Highlights

  • Hafnia Limited Announces Financial Results for the Three Months Ended 31 March 2026

  • HAFNIA LIMITED: Key Information Relating to Dividend for the First Quarter 2026