Page: Company Financials
Hafnia Limited
$5.74
+0.03 (0.53%)
As of: 2026-01-23
Master Data Export
Enterprise Value
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Stock Price | 5.05 | 7.07 | 7.31 | 7.31 | 7.31 |
| Market Capitalization | 2,515.38M | 3,607.22M | 3,685.11M | 3,344.43M | 2,654.68M |
| (-) Cash & Equivalents | 171.55M | 194.05M | 213.72M | 121.86M | 87.59M |
| (+) Total Debt | 995.91M | 1,135.07M | 1,445.64M | 1,948.79M | 1,304.15M |
| Enterprise Value | 3,339.74M | 4,548.25M | 4,917.03M | 5,171.36M | 3,871.25M |
Income Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,222M | 3,071M | 2,869M | 2,672M | 1,890M | 790M | 961M | 829M | 346M | 350M | 190M |
| Cost of Revenue | 1,812M | 2,121M | 2,019M | 1,609M | 1,088M | 771M | 716M | 663M | 329M | 322M | 151M |
| Gross Profit | 409M | 950M | 850M | 1,063M | 801M | 19M | 245M | 166M | 17M | 29M | 39M |
| Gross Profit Margin | 18.4% | 30.9% | 29.6% | 39.8% | 42.4% | 2.5% | 25.4% | 20.0% | 4.9% | 8.2% | 20.8% |
| R&D Expenses | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M | 0M |
| SG&A Expenses | 35M | 53M | 51M | 26M | 58M | 42M | 43M | 32M | 0M | 10M | 12M |
| Operating Expenses | 70M | 77M | 44M | 205M | 58M | 42M | 18M | 20M | -1M | -2M | 12M |
| Operating Income (EBIT) | 340M | 873M | 806M | 858M | 743M | -22M | 227M | 147M | 18M | 30M | 28M |
| Operating Income Margin | 15.3% | 28.4% | 28.1% | 32.1% | 39.3% | -2.8% | 23.6% | 17.7% | 5.3% | 8.6% | 14.6% |
| Interest Income | 10M | 13M | 15M | 18M | 2M | 2M | 2M | 4M | 0M | 0M | 1M |
| Interest Expense | 54M | 56M | 61M | 77M | 94M | 46M | 54M | 78M | 30M | 27M | 21M |
| Net Interest Income | -44M | -43M | -45M | -60M | -93M | -43M | -52M | -74M | -30M | -27M | -20M |
| Unusual Items | 18M | 40M | 18M | 1M | 70M | 18M | -14M | -1M | -7M | 0M | 4M |
| EBT Excluding Unusual Items | 296M | 830M | 761M | 798M | 650M | -66M | 175M | 73M | -12M | 3M | 8M |
| Pre-Tax Income | 314M | 870M | 778M | 800M | 720M | -48M | 161M | 72M | -19M | 3M | 12M |
| Pre-Tax Margin | 14.1% | 28.3% | 27.1% | 29.9% | 38.1% | -6.1% | 16.7% | 8.7% | -5.4% | 0.9% | 6.3% |
| Income Tax Expense | 5M | 6M | 4M | 6M | 7M | 4M | 3M | 1M | 0M | 0M | 1M |
| Net Income | 310M | 865M | 774M | 793M | 752M | -54M | 149M | 72M | -19M | 3M | 8M |
| Net Income Margin | 13.9% | 28.2% | 27.0% | 29.7% | 39.8% | -6.8% | 15.5% | 8.7% | -5.4% | 0.9% | 4.0% |
| Depreciation & Amortization | 205M | 219M | 215M | 219M | 205M | 148M | 172M | 132M | 53M | 55M | 47M |
| EBITDA | 545M | 1,092M | 1,021M | 1,077M | 948M | 125M | 399M | 278M | 72M | 85M | 75M |
| EBITDA Margin | 24.5% | 35.6% | 35.6% | 40.3% | 50.2% | 15.9% | 41.5% | 33.6% | 20.8% | 24.3% | 39.6% |
| NOPAT | 335M | 867M | 801M | 851M | 736M | -18M | 223M | 145M | 15M | 30M | 25M |
| NOPAT Margin | 15.1% | 28.2% | 27.9% | 31.9% | 38.9% | -2.2% | 23.2% | 17.4% | 4.2% | 8.6% | 13.3% |
| Owner's Earnings | 389M | 1,001M | 940M | 828M | 509M | 67M | 272M | -75M | 18M | -60M | -57M |
| Owner's Earnings Margin | 17.5% | 32.6% | 32.8% | 31.0% | 27.0% | 8.4% | 28.3% | -9.1% | 5.1% | -17.2% | -29.8% |
| EPS (Basic) | 0.63 | 1.72 | 1.52 | 1.57 | 1.54 | -0.15 | 0.45 | 0.21 | -0.15 | 0.03 | 0.07 |
| EPS (Diluted) | 0.61 | 1.69 | 1.50 | 1.56 | 1.54 | -0.15 | 0.41 | 0.21 | -0.15 | 0.03 | 0.07 |
| Shares (Basic) | 501M | 509M | 510M | 505M | 478M | 363M | 364M | 347M | 122M | 110M | 110M |
| Shares (Diluted) | 507M | 512M | 515M | 509M | 489M | 363M | 364M | 350M | 122M | 110M | 110M |
Product Segments
| Metric | TTM | TTM-1 | 2024-12-31 |
|---|---|---|---|
| Non lease component | 0.00M | 0.00M | 40.33M |
Balance Sheet
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | 132.49M | 313.85M | 282.83M | 221.86M | 281.53M | 99.95M | 100.67M | 91.61M | 52.46M | 41.37M | 95.49M |
| Short-Term Investments | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Cash & Short-Term Investments | 132.49M | 313.85M | 282.83M | 221.86M | 281.53M | 99.95M | 100.67M | 91.61M | 52.46M | 41.37M | 95.49M |
| Net Receivables | 501.48M | 467.93M | 486.41M | 566.75M | 483.58M | 226.42M | 158.92M | 223.07M | 58.47M | 55.93M | 13.35M |
| Inventory | 78.23M | 82.45M | 93.91M | 107.38M | 90.32M | 6.65M | 5.23M | 6.99M | 22.66M | 14.56M | 4.48M |
| Other Current Assets | 151.65M | 27.72M | 18.47M | 12.86M | 1.43M | 0.25M | 11.24M | 2.74M | 0.00M | 0.01M | 0.00M |
| Total Current Assets | 863.85M | 891.95M | 881.62M | 908.86M | 856.86M | 333.27M | 276.06M | 324.40M | 133.60M | 111.87M | 113.33M |
| Property, Plant & Equipment | 2,525.53M | 2,597.39M | 2,600.79M | 2,769.39M | 2,888.96M | 2,082.12M | 2,206.44M | 2,311.95M | 1,171.84M | 1,106.07M | 1,006.37M |
| Goodwill | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 6.00M |
| Intangible Assets | 0.19M | 0.30M | 0.51M | 1.29M | 2.60M | 3.57M | 4.42M | 3.16M | 0.00M | 0.00M | 0.64M |
| Long-Term Investments | 114.00M | 186.59M | 193.63M | 201.56M | 192.19M | 79.52M | 52.23M | 31.30M | 3.16M | 0.51M | 1.94M |
| Tax Assets | 0.00M | 0.00M | 0.00M | 0.04M | 0.04M | 0.04M | 0.04M | 0.04M | 0.00M | 0.06M | 0.09M |
| Other Non-Current Assets | 66.58M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | -0.06M | 26.00M |
| Other Assets | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total Non-Current Assets | 2,706.29M | 2,784.28M | 2,794.93M | 2,972.27M | 3,083.78M | 2,165.25M | 2,263.13M | 2,346.45M | 1,175.00M | 1,106.58M | 1,041.04M |
| Total Assets | 3,570.14M | 3,676.23M | 3,676.56M | 3,881.13M | 3,940.65M | 2,498.52M | 2,539.19M | 2,670.85M | 1,308.59M | 1,218.45M | 1,154.37M |
| Accounts Payable | 336.24M | 338.64M | 192.93M | 219.31M | 41.69M | 29.46M | 70.52M | 105.47M | 48.52M | 45.09M | 1.73M |
| Short-Term Debt | 191.29M | 312.66M | 335.42M | 266.54M | 321.50M | 248.06M | 179.08M | 213.33M | 76.94M | 157.64M | 47.71M |
| Tax Payables | 4.43M | 4.56M | 0.00M | 8.09M | 4.76M | 2.02M | 2.07M | 1.42M | 0.03M | 0.02M | 0.05M |
| Deferred Revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 1.10M | 1.21M |
| Other Current Liabilities | 4.26M | 0.86M | 121.03M | 165.30M | 115.30M | 35.87M | 0.02M | 0.00M | 0.03M | -1.86M | 7.60M |
| Total Current Liabilities | 536.22M | 656.71M | 649.38M | 659.23M | 483.24M | 315.41M | 251.69M | 320.22M | 125.52M | 201.98M | 58.30M |
| Long-Term Debt | 555.79M | 239.36M | 321.98M | 397.33M | 630.03M | 937.52M | 972.37M | 1,048.46M | 613.04M | 614.24M | 496.80M |
| Capital Lease Obligations | 147.45M | 475.08M | 546.87M | 719.84M | 831.41M | 143.95M | 155.84M | 186.34M | 0.00M | 0.00M | 0.00M |
| Deferred Tax Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Non-Current Liabilities | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.31M | 15.97M | 7.75M | 4.44M | 4.95M | 0.64M |
| Total Non-Current Liabilities | 703.24M | 714.44M | 868.85M | 1,117.17M | 1,461.44M | 1,081.77M | 1,144.18M | 1,242.55M | 617.48M | 619.19M | 497.44M |
| Total Liabilities | 1,239.45M | 1,371.15M | 1,518.24M | 1,776.40M | 1,944.68M | 1,397.18M | 1,395.87M | 1,562.77M | 743.00M | 821.17M | 555.75M |
| Preferred Stock | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Stock | 1,093.06M | 1,094.93M | 1,090.22M | 5.05M | 5.06M | 3.70M | 3.70M | 3.70M | 1.96M | 1.17M | 0.34M |
| Retained Earnings | 809.77M | 779.86M | 703.35M | 629.15M | 383.53M | -125.80M | -70.46M | -120.92M | -242.38M | -217.74M | 42.71M |
| Accumulated OCI | 500.57M | 508.19M | 516.37M | 27.54M | 73.97M | 5.14M | -14.15M | -5.72M | 53.17M | 50.48M | -0.51M |
| Minority Interest | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 208.91M |
| Total Shareholders’ Equity | 2,403.40M | 2,382.98M | 2,309.93M | 661.75M | 462.56M | -116.95M | -80.91M | -122.94M | -187.25M | -166.09M | 42.54M |
| Total Equity | 2,403.40M | 2,382.98M | 2,309.93M | 661.75M | 462.56M | -116.95M | -80.91M | -122.94M | -187.25M | -166.09M | 251.44M |
| Total Liabilities & Equity | 3,642.85M | 3,754.13M | 3,828.17M | 2,438.15M | 2,407.24M | 1,280.22M | 1,314.97M | 1,439.83M | 555.75M | 655.09M | 807.19M |
| Tangible Assets | 3,569.95M | 3,675.93M | 3,676.05M | 3,879.84M | 3,938.04M | 2,494.95M | 2,534.77M | 2,667.69M | 1,308.59M | 1,218.45M | 1,147.73M |
| Tangible Equity | 2,403.21M | 2,382.69M | 2,309.42M | 660.46M | 459.95M | -120.52M | -85.33M | -126.10M | -187.25M | -166.09M | 244.80M |
| Tangible Book Value | 2,403.21M | 2,382.69M | 2,309.42M | 660.46M | 459.95M | -120.52M | -85.33M | -126.10M | -187.25M | -166.09M | 244.80M |
| Total Investments | 114.00M | 186.59M | 193.63M | 201.56M | 192.19M | 79.52M | 52.23M | 31.30M | 3.16M | 0.51M | 1.94M |
| Net Debt | 614.59M | 238.17M | 374.57M | 442.00M | 669.99M | 1,085.63M | 1,050.78M | 1,170.17M | 637.52M | 730.50M | 449.03M |
Capital Metrics
| Metric | MRQ | MRQ-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Working Capital | 294.4M | 152.3M | 245.6M | 270.8M | 395.3M | 27.1M | 29.1M | 14.6M | 13.6M | -89.6M | 60.0M |
| Total Capital | 3,225.2M | 3,332.9M | 3,376.0M | 3,509.6M | 3,800.6M | 2,440.1M | 2,455.3M | 2,566.6M | 1,261.1M | 1,169.7M | 939.2M |
| Capital Employed | 3,000.6M | 2,936.5M | 3,040.5M | 3,243.1M | 3,479.1M | 2,192.4M | 2,292.2M | 2,361.1M | 1,188.6M | 1,017.0M | 1,101.1M |
| Invested Capital | 3,092.7M | 3,019.0M | 3,093.1M | 3,287.8M | 3,519.1M | 2,340.2M | 2,354.7M | 2,475.0M | 1,208.6M | 1,128.3M | 843.7M |
Cash Flow Statement
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 309.66M | 870.84M | 774.04M | 793.28M | 751.59M | -55.49M | 148.78M | 71.73M | -19.78M | 2.96M | -186.61M |
| Depreciation & Amortization | 205.30M | 216.31M | 215.11M | 211.03M | 209.22M | 151.68M | 156.44M | 131.51M | 56.87M | 54.18M | 59.58M |
| Deferred Income Tax | 4.72M | 4.48M | 4.42M | 6.25M | 6.68M | 4.39M | 2.65M | 1.02M | 0.02M | 0.00M | 0.00M |
| Stock-Based Compensation | 2.88M | 3.12M | 2.96M | 2.82M | 1.76M | 3.15M | 1.18M | 0.82M | 0.00M | 0.00M | 0.00M |
| Change in Working Capital | 98.78M | -57.07M | 44.60M | 48.72M | -232.84M | -44.02M | 36.45M | -35.91M | -15.38M | -1.31M | 12.77M |
| Accounts Receivable | 77.00M | -34.59M | 86.14M | -139.17M | -259.62M | -37.46M | 70.73M | -83.31M | -11.53M | -4.39M | 9.31M |
| Inventory | 28.00M | -11.55M | 13.55M | -17.77M | -16.09M | -1.43M | 1.76M | 21.11M | -8.10M | -3.72M | -3.55M |
| Accounts Payable | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Working Capital | -6.23M | -10.93M | -55.09M | 205.66M | 42.87M | -5.13M | -36.04M | 26.29M | 4.25M | 6.80M | 7.01M |
| Other Non-Cash Items | 18.99M | -5.51M | -10.76M | -1.29M | 34.48M | 46.74M | 52.98M | 73.66M | 37.94M | 25.52M | 214.17M |
| Net Cash from Operating Activities | 640.32M | 1,032.17M | 1,030.36M | 1,060.81M | 770.89M | 106.44M | 398.47M | 242.83M | 59.67M | 81.36M | 99.90M |
| Capital Expenditures (PPE) | -125.57M | -82.54M | -49.60M | -184.39M | -447.13M | -26.66M | -47.58M | -278.57M | -17.25M | -117.92M | -111.67M |
| Acquisitions (Net) | 0.98M | -3.04M | -0.86M | -2.24M | -1.81M | -10.21M | 0.00M | -3.43M | 0.00M | 0.00M | 0.00M |
| Purchases of Investments | -0.20M | -0.66M | -0.86M | -10.41M | -0.32M | -3.50M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Sales / Maturities of Investments | 0.00M | 2.34M | 2.34M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Investing Activities | 67.60M | 3.93M | 78.87M | 165.36M | 270.14M | -7.50M | -2.98M | -0.43M | 0.26M | 0.10M | 60.02M |
| Net Cash from Investing Activities | -57.20M | -79.98M | 29.89M | -31.68M | -179.13M | -47.88M | -50.56M | -282.43M | -16.99M | -117.82M | -51.65M |
| Net Debt Issuance | -220.31M | -634.82M | -200.33M | -457.62M | -226.04M | -20.81M | -190.67M | 39.21M | -47.01M | 41.21M | -15.37M |
| Long-Term Debt Issuance | -220.31M | -634.82M | -200.33M | -457.62M | -226.04M | -20.81M | -190.67M | 39.21M | -47.01M | 41.21M | -15.37M |
| Short-Term Debt Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Stock Issuance | -26.25M | -8.82M | -49.16M | 0.00M | 97.78M | 0.00M | -12.64M | 71.51M | 46.00M | 26.85M | 0.00M |
| Common Stock Issuance | 0.00M | -8.82M | 0.00M | 0.00M | 97.78M | 0.00M | 0.00M | 72.01M | 46.00M | 26.85M | 0.00M |
| Common Stock Repurchased | -26.25M | 0.00M | -49.16M | 0.00M | 0.00M | 0.00M | -12.64M | -0.50M | 0.00M | 0.00M | 0.00M |
| Preferred Stock Issuance | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net Dividends Paid | -318.80M | -609.39M | -699.88M | -544.14M | -243.75M | 0.00M | -98.32M | 0.00M | 0.00M | 0.00M | 0.00M |
| Common Dividends Paid | -318.80M | -609.39M | -699.88M | -544.14M | -243.75M | 0.00M | -98.32M | 0.00M | 0.00M | 0.00M | 0.00M |
| Preferred Dividends Paid | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Other Financing Activities | -99.55M | 358.64M | -49.84M | -85.18M | -93.13M | -38.34M | -37.23M | -65.51M | -30.57M | -27.44M | -20.64M |
| Net Cash from Financing Activities | -664.91M | -894.51M | -999.21M | -1,086.93M | -465.13M | -59.15M | -338.86M | 45.22M | -31.59M | 40.62M | -36.00M |
| Effect of FX on Cash | 0.00M | 105.88M | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M | 33.53M | 0.00M | 0.00M | 0.00M |
| Net Change in Cash | -81.78M | 163.56M | 61.05M | -57.80M | 126.62M | -0.60M | 9.06M | 39.15M | 11.09M | 4.16M | 12.25M |
| Cash at Beginning of Period | 1,153.41M | 826.54M | 222.52M | 280.33M | 153.70M | 100.67M | 91.61M | 52.46M | 41.37M | 37.21M | 24.96M |
| Cash at End of Period | 1,071.63M | 990.10M | 283.57M | 222.52M | 280.33M | 100.08M | 100.67M | 91.61M | 52.46M | 41.37M | 37.21M |
| Operating Cash Flow | 640.32M | 1,032.17M | 1,030.36M | 1,060.81M | 770.89M | 106.44M | 398.47M | 242.83M | 59.67M | 81.36M | 99.90M |
| Capital Expenditure | -125.57M | -82.57M | -49.62M | -184.39M | -447.38M | -27.03M | -48.60M | -279.01M | -17.25M | -117.92M | -111.67M |
| Free Cash Flow | 514.75M | 949.60M | 980.74M | 876.41M | 323.51M | 79.41M | 349.88M | -36.19M | 42.42M | -36.56M | -11.77M |
Free Cash Flow
| Metric | TTM | TTM-1 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 579.49M | 1,116.75M | 1,014.14M | 1,256.47M | 947.96M | 125.22M | 373.68M | 265.96M | 70.38M | 73.57M | 75.24M |
| (-) Tax Adjustment | 8.69M | 8.26M | 5.76M | 9.82M | 8.62M | 0.00M | 6.77M | 3.75M | 0.00M | 0.49M | 6.80M |
| (-) Change In Working Capital | 98.78M | -57.07M | 44.60M | 48.72M | -232.84M | -44.02M | 36.45M | -35.91M | -15.38M | -1.31M | 12.77M |
| (-) Capital Expenditure | -125.57M | -82.57M | -49.62M | -184.39M | -447.38M | -27.03M | -48.60M | -279.01M | -17.25M | -117.92M | -111.67M |
| Unlevered Free Cash Flow | 346.45M | 1,082.99M | 914.16M | 1,013.53M | 724.79M | 142.21M | 281.86M | 19.10M | 68.51M | -43.54M | -56.01M |
| (-) Net Interest Income After Taxes | -42.93M | -43.00M | -44.88M | -59.29M | -91.85M | -43.31M | -50.92M | -72.67M | -30.03M | -27.01M | -18.39M |
| Net Debt Issuance | -220.31M | -634.82M | -200.33M | -457.62M | -226.04M | -20.81M | -190.67M | 39.21M | -47.01M | 41.21M | -15.37M |
| Levered Free Cash Flow | 169.06M | 491.17M | 758.71M | 615.20M | 590.60M | 164.71M | 142.11M | 130.99M | 51.52M | 24.68M | -52.99M |