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MARKETS / NYSE / Industrials / Transportation services / HAFN
NYSE · TRANSPORTATION SERVICES · LARGE CAP

Hafnia Ltd. HAFN

3 fiscal years on record · USD · FY2024 reported · SEC filings only
$2.9B
▲ 7.4% YoY
$774.0M
▼ 2.4% YoY
$980.8M
▲ 11.9% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Hafnia operates chemical and product tankers, transporting oil and oil products for international and national oil companies, major chemical companies, and trading and utility companies. As of December 31, 2025, Hafnia operated a Combined Fleet of 187 vessels, including 99 Hafnia Vessels, 9 TC Vessels and 16 JV Vessels. The Combined Fleet had a total carrying capacity of 10.3 million dwt as of December 31, 2025. The Hafnia Fleet is divided into four main operating segments based on vessel size and type: Long Range II, Long Range I, Medium Range and Handy size. As of December 31, 2025, its Hafnia Fleet included 10 LR2 vessels that carry gasoline, diesel, naphtha, kerosene, fuel oil and crude oil, among other products. As of December 31, 2025, the company also operated as a pool manager for nine commercial tanker pools.

Written from the business description in Hafnia Ltd's annual report to the U.S. Securities and Exchange Commission, filed 17 April 2026. Every sentence was checked against that document before publication.

Growth

USD 2.9B
Revenue, FY2024 · full 3-year series below
Revenue $B Net income $B
FY2024 · Revenue 2.9 · Net income 0.8
2B3B
202220232024
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

27 cents
of every revenue dollar became profit
Operating margin Net margin
FY2024 · Operating 28.1% · Net 27.0%
20%40%
202220232024
ROE
FY2024 · ROE 34.5%
20%40%
202220232024
Three returns, three denominators.
Gross margin48.5%
Operating margin28.1%
Net margin27.0%
EBITDA·

Each USD of equity produced 34 cents of profit this year.

Cash & shareholders

USD 725.6M
returned in FY2024 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF 980.8
400M800M
202220232024
Net buybacks $M Dividends $M
FY2024 · Dividends 699.9 · Net buybacks 25.7
300M600M-40M-80MDividendsNet buybacks
202220232024
Dividends paidUSD 699.9M
Net buybacksUSD 25.7M
Share of profit93.7%
Consecutive raises·

USD 699.9M in dividends and USD 25.7M in buybacks — 94% of the year's profit went back to shareholders.

Total assetsUSD 3.7B
CashUSD 283.6M
Gross debtUSD 1.1B
Net debtUSD 838.7M
Current ratio1.38×

Net debt stands at 37% of equity.

The 3-year record

3 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
HAFN, 3-year financial record
Metric 202420232022
Revenue $B2.92.71.9
Operating income $B0.80.90.8
EBITDA $B◌◌◌
Income tax $B0.00.00.0
Net income $B0.80.80.8
Free cash flow $B1.00.90.3
EPS, diluted $1.501.561.54
Dividend / sh $0.24◌◌
Payout %906932
ROE %34.537.448.2

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 11 reconciliationsAUDITED

Reconciled in 3 of the 3 fiscal years we could check. 32 checks were skipped: the balance sheet is not tagged before 2023. 15 checks were skipped: EPS is not tagged before 2022.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityTransportation Services
Listed onNYSE
Incorporated inoutside the United States — SEC code D0
Fiscal year endsDecember 31
Data on record since2021

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