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Hafnia Limited

Hafnia Limited

HAFNI.OL
Hafnia LimitedNO flagOslo Stock Exchange
69.15
NOK
-1.50
- -
34.56BMarket Cap
Hafnia Limited
HAFNI.OL
(Oslo Stock Exchange)

Recent

price

69.15

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.88
0.82
0.94
1.07
2.39
2.4
2.23
4.03
5.29
5.62
4.58
4.83
Revenue per Share
0.18
-0.5
0.01
-0.06
0.21
0.41
-0.15
1.57
1.57
1.52
0.68
0.92
Basic EPS, GAAP
-0.43
-0.03
-0.1
0.12
-0.1
0.96
0.22
0.68
1.73
1.92
0.92
0.91
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.27
- -
0.51
1.08
1.37
0.4
0.55
Dividend per Share
-0.09
-0.59
-0.58
-0.7
-0.34
-0.18
-0.34
0.81
1.26
3.53
3.89
3.94
Book Value per Share
1.5
0.99
1.07
1.66
3.21
3.14
3.05
4.2
4.41
4.43
4.68
5.1
Tangible Book Value per Share
370
370
370
343
347
364
363
478
505
510
498
498
Basic Weighted Avg Shares
327
302
346
368
828
874
811
1,927
2,672
2,869
2,282
2,405
Sales/Revenue/Turnover
30.17
9.13
8.15
5.32
17.68
23.61
0.01
41.41
30.01
27.09
15.66
17.98
Operating Margin (%)
47
60
54
57
132
156
152
209
211
215
202
201
Depreciation Expense
68
-187
3
-20
72
149
-55
752
793
774
340
456
Net Income, GAAP
0.04
- -
0.67
- -
1.4
1.75
- -
0.88
0.78
0.57
0.73
0.41
Effective Tax Rate (%)
20.75
-61.73
0.86
-5.37
8.67
17.02
-6.84
39.01
29.69
26.98
14.89
18.97
Profit Margin (%)
22
-7
-90
14
15
29
27
394
272
246
272
427
Working Capital
703
661
614
613
1,235
1,128
1,083
1,455
1,025
786
910
780
LT Debt
554
367
398
571
1,119
1,148
1,112
2,009
2,228
2,263
2,330
2,541
Total Equity
- -
- -
2.48
- -
7.54
8.08
- -
25.37
21.75
22.35
10.36
12.45
Return on Invested Capital (%)
- -
- -
5.45
- -
15.48
15.16
- -
49.95
42.54
34.07
13.01
17.07
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
155.09
63.59
18.18
23.95
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
225
213
246
LT Borrowings
556
863
734
LT Finance Leases
114
47
45
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
498
498
500
Market Capitalization
3,018
2,698
3,835

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
864
844
1,135
Cash, Cash Equivalents & STI
132
104
146
Accounts Receivable, Net
500
323
670
Inventories
78
69
86
Total Current Liabilities
570
572
708
Payables & Accruals
341
356
425
ST Debt
225
213
246
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
- -
- -
- -
- -

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
- -
- -
- -
- -

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
- -
- -
- -
- -
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Business
Hafnia Limited Hafnia Limited (HAFNI.OL) operates as the world's largest owner and operator of product and chemical tankers, providing seaborne transportation services for clean and dirty refined oil products, vegetable oils, and easy chemicals to major national and international oil companies, chemical companies, trading firms, and utility companies; the company manages a fleet of over 200 vessels across Long Range 2 (LR2, above 115,000 DWT), Long Range 1 (LR1, 75,000-115,000 DWT), Medium Range (MR, 40,000-55,000 DWT), Handy (25,000-40,000 DWT), and Specialized (5,000-20,000 DWT) segments, complemented by a fully integrated shipping platform that includes technical management, commercial and chartering services, pool management for LR2, MR chemical, Handy chemical, and Panamax pools, and a large-scale bunker desk. Headquartered in Singapore with key offices in Copenhagen, Denmark; Houston, USA; Dubai; and India, Hafnia Limited employs nearly 5,000 people and maintains global operations serving international markets. Originally formed in 2010 through the founding of Tankers Inc. and Hafnia Management in Copenhagen, the company expanded via mergers including Hafnia Tankers with BW Tankers in 2019, listing on the Oslo Stock Exchange in 2020 and later dual-listing in the US, while establishing specialized pools and joint ventures such as with Vista Shipping and CSSC. Recent developments include entering a binding share purchase agreement in September 2025 to acquire 14.45% of TORM plc's shares from Oaktree Capital Management, enhancing its strategic positioning in the tanker sector; the company also continues fleet optimization through prior acquisitions like 32 IMO II product/chemical tankers from Chemical Tankers Inc. in 2022 and 12 LR1 vessels from Scorpio Tankers, alongside sale-and-leaseback financing deals to support expansion.

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