Hafnia Key Executives
This section highlights Hafnia's key executives, including their titles and compensation details.
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Hafnia Earnings
This section highlights Hafnia's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
---|---|---|---|---|---|
Read Transcript | Q4 | 2024 | 2025-02-27 | $0.13 | $0.15 |
Read Transcript | Q3 | 2024 | 2024-11-27 | $0.33 | $0.42 |
Read Transcript | Q2 | 2024 | 2024-08-23 | $0.42 | $0.51 |
Read Transcript | Q1 | 2024 | 2024-05-15 | $0.43 | $0.43 |

Hafnia Limited owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), Handy size, and Specialized segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies; and owns and operates 200 vessels. It provides ship owning, ship-management, investment, management, corporate support, and agency office services. In addition, the company provides integrated shipping platform, including technical management, commercial and chartering services, pool management, and large-scale bunker desk services. Hafnia Limited is based in Hamilton, Bermuda.
$4.41
Stock Price
$2.22B
Market Cap
-
Employees
Hamilton, None
Location
Financial Statements
Access annual & quarterly financial statements for Hafnia, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
---|---|---|---|---|---|
Revenue | $2.87B | $2.67B | $1.89B | $790.00M | $961.03M |
Cost of Revenue | $1.80B | $1.61B | $1.09B | $770.64M | $716.47M |
Gross Profit | $1.06B | $1.06B | $801.13M | $19.36M | $244.56M |
Gross Profit Ratio | 37.12% | 39.79% | 42.40% | 2.50% | 25.45% |
Research and Development Expenses | $- | $- | $- | $- | $- |
General and Administrative Expenses | $28.17M | $25.69M | $23.63M | $16.01M | $9.33M |
Selling and Marketing Expenses | $- | $- | $34.76M | $25.84M | $33.55M |
Selling General and Administrative Expenses | $28.17M | $25.69M | $58.38M | $41.86M | $42.89M |
Other Expenses | $230.84M | $179.53M | $- | $- | $25.26M |
Operating Expenses | $259.01M | $205.22M | $58.38M | $41.86M | $17.63M |
Cost and Expenses | $2.06B | $1.81B | $1.15B | $812.50M | $734.10M |
Interest Income | $- | $17.63M | $6.98M | $2.35M | $2.01M |
Interest Expense | $- | $77.39M | $91.09M | $39.00M | $46.95M |
Depreciation and Amortization | $215.11M | $218.99M | $205.21M | $147.71M | $172.00M |
EBITDA | $992.32M | $1.13B | $947.96M | $125.22M | $387.04M |
EBITDA Ratio | 34.59% | 42.21% | 50.17% | 15.85% | 41.51% |
Operating Income | $805.73M | $857.95M | $742.75M | $-22.49M | $226.93M |
Operating Income Ratio | 28.09% | 32.11% | 39.31% | -2.85% | 23.61% |
Total Other Income Expenses Net | $-27.27M | $-58.42M | $-64.95M | $-28.61M | $-42.14M |
Income Before Tax | $778.45M | $799.53M | $720.04M | $-48.04M | $160.96M |
Income Before Tax Ratio | 27.14% | 29.93% | 38.11% | -6.08% | 16.75% |
Income Tax Expense | $4.42M | $6.25M | $6.55M | $4.28M | $2.92M |
Net Income | $774.03M | $793.27M | $751.59M | $-54.04M | $148.78M |
Net Income Ratio | 26.98% | 29.69% | 39.77% | -6.84% | 15.48% |
EPS | $1.50 | $1.57 | $1.54 | $-0.15 | $0.45 |
EPS Diluted | $1.50 | $1.56 | $1.51 | $-0.15 | $0.45 |
Weighted Average Shares Outstanding | 516.02M | 505.14M | 477.89M | 363.13M | 364.36M |
Weighted Average Shares Outstanding Diluted | 515.11M | 508.69M | 489.08M | 363.13M | 364.36M |
SEC Filing | Source | Source | Source | Source | Source |
Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | $532.86M | $719.73M | $831.16M | $763.04M | $748.30M | $418.92M | $480.76M | $584.04M | $597.39M | $479.41M | $445.53M | $268.48M | $241.66M | $189.73M |
Cost of Revenue | $380.27M | $443.85M | $494.53M | $529.92M | $543.86M | $253.85M | $263.26M | $341.82M | $293.87M | $230.00M | $245.81M | $225.14M | $229.87M | $195.73M |
Gross Profit | $152.59M | $275.88M | $336.63M | $233.12M | $204.44M | $165.07M | $217.50M | $242.21M | $303.52M | $249.41M | $199.73M | $43.34M | $11.79M | $-6.00M |
Gross Profit Ratio | 28.64% | 38.33% | 40.50% | 30.60% | 27.30% | 39.40% | 45.20% | 41.50% | 50.80% | 52.00% | 44.80% | 16.10% | 4.90% | -3.20% |
Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
General and Administrative Expenses | $7.54M | $- | $7.61M | $22.41M | $42.54M | $16.14M | $18.52M | $14.72M | $29.04M | $17.44M | $- | $- | $- | $- |
Selling and Marketing Expenses | $- | $- | $- | $-6.18M | $-21.06M | $-333.42K | $-49.15K | $-322.23K | $-4.42M | $-6.88M | $- | $- | $- | $- |
Selling General and Administrative Expenses | $7.54M | $141.52M | $7.61M | $16.23M | $21.48M | $15.80M | $18.47M | $14.40M | $24.62M | $10.56M | $13.08M | $10.63M | $10.20M | $8.94M |
Other Expenses | $53.39M | $3.24M | $66.89M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Operating Expenses | $60.93M | $144.76M | $74.50M | $16.23M | $21.48M | $15.80M | $18.47M | $14.40M | $24.62M | $10.56M | $13.08M | $10.63M | $10.20M | $8.94M |
Cost and Expenses | $441.20M | $500.72M | $569.02M | $546.16M | $565.34M | $269.66M | $281.73M | $356.22M | $318.49M | $240.57M | $258.88M | $235.77M | $240.07M | $204.67M |
Interest Income | $- | $3.81M | $3.29M | $2.73M | $3.14M | $4.06M | $5.51M | $4.91M | $3.37M | $1.53M | $992.47K | $903.87K | $958.29K | $758.81K |
Interest Expense | $- | $9.69M | $13.21M | $22.72M | $3.60M | $23.08M | $21.51M | $29.20M | $27.77M | $24.31M | $24.59M | $16.67M | $17.32M | $11.46M |
Depreciation and Amortization | $52.51M | $53.62M | $55.21M | $52.62M | $57.13M | $52.35M | $51.73M | $50.85M | $55.73M | $49.20M | $50.46M | $49.19M | $38.85M | $37.71M |
EBITDA | $131.17M | $280.11M | $323.59M | $281.79M | $252.52M | $216.60M | $286.14M | $278.67M | $351.77M | $324.76M | $257.46M | $86.95M | $40.61M | $30.55M |
EBITDA Ratio | 24.62% | 38.92% | 38.93% | 35.32% | 32.09% | 48.13% | 52.16% | 47.71% | 56.02% | 60.08% | 53.22% | 30.51% | 16.73% | 12.00% |
Operating Income | $91.66M | $219.01M | $262.14M | $216.89M | $182.96M | $149.27M | $199.03M | $227.81M | $278.90M | $238.85M | $186.65M | $32.71M | $1.59M | $-14.94M |
Operating Income Ratio | 17.20% | 30.43% | 31.54% | 28.42% | 24.45% | 35.63% | 41.40% | 39.01% | 46.69% | 49.82% | 41.89% | 12.18% | 0.66% | -7.87% |
Total Other Income Expenses Net | $-12.09M | $-2.21M | $-1.37M | $-8.82M | $3.98M | $-19.33M | $-14.74M | $-33.50M | $-11.71M | $-46.91M | $-17.53M | $-14.65M | $-7.69M | $-4.36M |
Income Before Tax | $79.57M | $216.80M | $260.77M | $208.07M | $184.50M | $141.65M | $209.08M | $247.20M | $267.20M | $251.24M | $173.49M | $21.08M | $-5.83M | $-18.62M |
Income Before Tax Ratio | 14.93% | 30.12% | 31.37% | 27.27% | 24.66% | 33.81% | 43.49% | 42.33% | 44.73% | 52.41% | 38.94% | 7.85% | -2.41% | -9.81% |
Income Tax Expense | $61.00K | $1.16M | $1.57M | $1.69M | $2.00M | $912.74K | $1.51M | $1.88M | $1.45M | $1.25M | $3.04M | $735.15K | $1.79M | $1.45M |
Net Income | $79.63M | $215.63M | $259.20M | $213.46M | $176.44M | $146.94M | $213.27M | $256.63M | $263.80M | $257.23M | $177.35M | $21.40M | $-7.81M | $-20.76M |
Net Income Ratio | 14.94% | 29.96% | 31.18% | 27.97% | 23.58% | 35.08% | 44.36% | 43.94% | 44.16% | 53.65% | 39.81% | 7.97% | -3.23% | -10.94% |
EPS | $0.15 | $0.42 | $0.51 | $0.42 | $0.37 | $0.29 | $0.42 | $0.50 | $0.57 | $0.55 | $0.39 | $0.05 | $-0.02 | $-0.06 |
EPS Diluted | $0.15 | $0.42 | $0.50 | $0.42 | $0.37 | $0.28 | $0.42 | $0.49 | $0.56 | $0.53 | $0.38 | $0.05 | $-0.02 | $-0.06 |
Weighted Average Shares Outstanding | 530.88M | 513.42M | 509.16M | 509.75M | 505.14M | 504.86M | 504.15M | 502.33M | 477.89M | 470.37M | 455.46M | 426.34M | 363.16M | 363.16M |
Weighted Average Shares Outstanding Diluted | 515.11M | 515.36M | 514.83M | 509.75M | 508.69M | 506.68M | 507.38M | 509.16M | 489.08M | 481.48M | 465.76M | 436.63M | 363.16M | 363.16M |
SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
---|---|---|---|---|---|
Cash and Cash Equivalents | $195.27M | $141.62M | $281.53M | $99.95M | $100.67M |
Short Term Investments | $- | $- | $- | $- | $- |
Cash and Short Term Investments | $195.27M | $141.62M | $281.53M | $99.95M | $100.67M |
Net Receivables | $536.54M | $566.75M | $483.58M | $226.42M | $66.17M |
Inventory | $94.16M | $107.70M | $90.32M | $6.65M | $5.23M |
Other Current Assets | $106.82M | $115.08M | $304.92M | $201.77M | $108.72M |
Total Current Assets | $932.79M | $932.84M | $878.56M | $342.54M | $280.78M |
Property Plant Equipment Net | $2.61B | $2.78B | $2.89B | $2.08B | $2.21B |
Goodwill | $- | $- | $- | $- | $- |
Intangible Assets | $510.00K | $1.29M | $2.59M | $3.57M | $4.42M |
Goodwill and Intangible Assets | $510.00K | $1.29M | $2.59M | $3.57M | $4.42M |
Long Term Investments | $104.44M | $84.12M | $192.19M | $79.52M | $52.23M |
Tax Assets | $- | $36.00K | $36.16K | $35.95K | $36.00K |
Other Non-Current Assets | $89.70M | $118.03M | $11.16K | $-4.49K | $- |
Total Non-Current Assets | $2.80B | $2.98B | $3.08B | $2.17B | $2.26B |
Other Assets | $- | $- | $1 | $- | $- |
Total Assets | $3.73B | $3.91B | $3.96B | $2.51B | $2.54B |
Account Payables | $345.55M | $219.96M | $41.51M | $94.93M | $23.79M |
Short Term Debt | $336.30M | $267.33M | $320.12M | $248.37M | $179.10M |
Tax Payables | $- | $8.09M | $4.76M | $2.02M | $2.07M |
Deferred Revenue | $- | $- | $4.76M | $2.02M | $2.07M |
Other Current Liabilities | $4.70M | $165.82M | $116.86M | $-29.91M | $46.73M |
Total Current Liabilities | $686.54M | $661.19M | $483.24M | $315.41M | $251.69M |
Long Term Debt | $785.95M | $1.03B | $1.46B | $1.08B | $1.14B |
Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
Other Non-Current Liabilities | $- | $- | $6.27M | $-1.36M | $- |
Total Non-Current Liabilities | $785.95M | $1.03B | $1.46B | $1.08B | $1.14B |
Other Liabilities | $- | $- | $- | $- | $- |
Total Liabilities | $1.47B | $1.69B | $1.94B | $1.40B | $1.40B |
Preferred Stock | $- | $- | $- | $- | $- |
Common Stock | $1.63B | $5.07M | $5.06M | $3.70M | $3.70M |
Retained Earnings | $705.18M | $631.02M | $383.53M | $-125.80M | $-70.46M |
Accumulated Other Comprehensive Income Loss | $-19.40M | $27.54M | $73.97M | $5.14M | $-14.15M |
Other Total Stockholders Equity | $-53.44M | $1.56B | $1.56B | $1.23B | $1.23B |
Total Stockholders Equity | $2.26B | $2.23B | $2.02B | $1.11B | $1.15B |
Total Equity | $2.26B | $2.23B | $2.02B | $1.11B | $1.15B |
Total Liabilities and Stockholders Equity | $3.73B | $3.91B | $3.96B | $2.51B | $2.54B |
Minority Interest | $- | $- | $- | $- | $- |
Total Liabilities and Total Equity | $3.73B | $3.91B | $3.96B | $2.51B | $2.54B |
Total Investments | $104.44M | $84.12M | $192.19M | $79.52M | $52.23M |
Total Debt | $1.12B | $1.29B | $1.78B | $1.33B | $1.31B |
Net Debt | $926.98M | $1.15B | $1.50B | $1.23B | $1.21B |
Balance Sheet Charts
Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and Cash Equivalents | $195.27M | $197.08M | $166.69M | $217.14M | $221.86M | $124.07M | $240.74M | $268.21M | $175.19M | $151.61M | $87.19M | $73.44M | $99.95M | $75.23M |
Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Cash and Short Term Investments | $195.27M | $197.08M | $166.69M | $217.14M | $221.86M | $124.07M | $240.74M | $268.21M | $175.19M | $151.61M | $87.19M | $73.44M | $99.95M | $75.23M |
Net Receivables | $536.54M | $570.81M | $623.62M | $600.12M | $507.84M | $466.50M | $546.23M | $695.42M | $643.51M | $633.49M | $541.50M | $364.95M | $235.69M | $- |
Inventory | $94.16M | $106.24M | $107.69M | $111.88M | $107.38M | $8.99M | $10.71M | $7.98M | $10.14M | $10.05M | $11.58M | $11.54M | $6.65M | $6.93M |
Other Current Assets | $100.90M | $119.34M | $110.06M | $12.11M | $175.67M | $227.83M | $263.18M | $14.78M | $304.92M | $31.79M | $264.95M | $243.08M | $201.77M | $174.57M |
Total Current Assets | $926.87M | $993.47M | $1.01B | $941.25M | $930.07M | $823.28M | $1.06B | $986.15M | $851.96M | $827.47M | $902.49M | $688.56M | $342.54M | $256.22M |
Property Plant Equipment Net | $2.61B | $2.64B | $2.71B | $2.75B | $2.77B | $2.76B | $2.78B | $2.75B | $2.89B | $2.93B | $3.00B | $2.88B | $2.08B | $2.09B |
Goodwill | $- | $- | $2.62K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Intangible Assets | $6.43M | $617.00K | $725.00K | $976.00K | $1.29M | $1.61M | $1.94M | $2.26M | $2.59M | $2.77M | $- | $- | $- | $- |
Goodwill and Intangible Assets | $6.43M | $617.00K | $725.00K | $976.00K | $1.29M | $1.61M | $1.94M | $2.26M | $2.59M | $2.77M | $- | $- | $- | $- |
Long Term Investments | $104.44M | $104.51M | $98.19M | $218.38M | $201.56M | $217.42M | $235.46M | $187.24M | $192.19M | $187.66M | $150.36M | $117.93M | $79.52M | $109.44M |
Tax Assets | $- | $- | $- | $-127.17M | $35.89K | $35.79K | $35.89K | $35.99K | $36.16K | $36.03K | $35.88K | $35.73K | $35.95K | $35.89K |
Other Non-Current Assets | $89.70M | $90.88M | $107.35M | $127.17M | $-3.82K | $-9.57K | $-5.80K | $-773 | $11.16K | $2.23K | $2.99M | $3.26M | $3.57M | $3.81M |
Total Non-Current Assets | $2.81B | $2.84B | $2.91B | $2.97B | $2.97B | $2.98B | $3.01B | $2.94B | $3.08B | $3.12B | $3.15B | $3.00B | $2.17B | $2.20B |
Other Assets | $- | $- | $- | $1 | $- | $1 | $- | $1 | $1 | $1 | $1 | $1 | $- | $- |
Total Assets | $3.73B | $3.83B | $3.92B | $3.91B | $3.90B | $3.80B | $4.07B | $3.93B | $3.94B | $3.95B | $4.05B | $3.69B | $2.51B | $2.46B |
Account Payables | $345.55M | $319.95M | $346.66M | $345.15M | $219.96M | $116.91M | $106.05M | $96.45M | $41.51M | $89.86M | $161.44M | $121.40M | $94.93M | $60.19M |
Short Term Debt | $336.30M | $259.49M | $325.91M | $250.92M | $267.33M | $263.66M | $336.54M | $293.31M | $320.12M | $386.02M | $309.52M | $326.30M | $248.37M | $123.85M |
Tax Payables | $- | $1.72M | $1.38M | $778.87K | $8.09M | $4.63M | $4.22M | $5.41M | $4.76M | $3.32M | $2.35M | $1.73M | $2.02M | $3.37M |
Deferred Revenue | $- | $- | $- | $778.87K | $8.09M | $4.63M | $4.22M | $5.41M | $4.76M | $3.32M | $2.35M | $1.73M | $2.02M | $3.37M |
Other Current Liabilities | $4.70M | $2.54M | $3.22M | $2.22M | $163.86M | $178.96M | $215.79M | $118.91M | $114.78M | $382.34K | $167.37M | $192.93M | $-29.91M | $34.46M |
Total Current Liabilities | $686.54M | $583.71M | $677.16M | $598.40M | $659.23M | $564.16M | $662.60M | $513.90M | $456.64M | $479.58M | $640.68M | $642.36M | $315.41M | $221.86M |
Long Term Debt | $785.95M | $824.96M | $809.04M | $944.85M | $1.02B | $1.06B | $1.24B | $1.31B | $1.46B | $1.58B | $1.74B | $1.68B | $1.08B | $1.12B |
Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Other Non-Current Liabilities | $- | $- | $- | $2.28M | $- | $-6.26M | $- | $449.32K | $- | $- | $- | $-12.36M | $-1.36M | $5.84M |
Total Non-Current Liabilities | $785.95M | $824.96M | $809.04M | $947.13M | $1.02B | $1.05B | $1.24B | $1.31B | $1.46B | $1.58B | $1.74B | $1.67B | $1.08B | $1.13B |
Other Liabilities | $- | $- | $- | $1 | $- | $- | $- | $1 | $1 | $- | $- | $- | $- | $- |
Total Liabilities | $1.47B | $1.41B | $1.49B | $1.55B | $1.68B | $1.61B | $1.91B | $1.82B | $1.92B | $2.06B | $2.38B | $2.31B | $1.40B | $1.35B |
Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Common Stock | $1.63B | $5.13M | $5.13M | $5.12M | $5.05M | $5.04M | $5.05M | $5.07M | $5.06M | $5.04M | $4.98M | $4.59M | $3.70M | $3.69M |
Retained Earnings | $705.18M | $818.91M | $810.61M | $728.83M | $629.15M | $554.16M | $536.92M | $479.15M | $383.53M | $258.45M | $70.82M | $-103.88M | $-125.80M | $-117.71M |
Accumulated Other Comprehensive Income Loss | $-19.40M | $-27.95M | $1.40M | $17.96M | $27.54M | $56.73M | $53.62M | $45.14M | $73.97M | $77.52M | $52.35M | $34.97M | $5.14M | $-1.64M |
Other Total Stockholders Equity | $-53.44M | $1.62B | $1.62B | $1.61B | $1.56B | $1.57B | $1.57B | $1.56B | $1.56B | $1.55B | $1.54B | $1.44B | $1.23B | $1.23B |
Total Stockholders Equity | $2.26B | $2.42B | $2.44B | $2.36B | $2.22B | $2.19B | $2.17B | $2.11B | $2.02B | $1.89B | $1.67B | $1.37B | $1.11B | $1.11B |
Total Equity | $2.26B | $2.42B | $2.44B | $2.36B | $2.22B | $2.19B | $2.17B | $2.11B | $2.02B | $1.89B | $1.67B | $1.37B | $1.11B | $1.11B |
Total Liabilities and Stockholders Equity | $3.73B | $3.83B | $3.92B | $3.91B | $3.90B | $3.80B | $4.07B | $3.93B | $3.94B | $3.95B | $4.05B | $3.69B | $2.51B | $2.46B |
Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Total Liabilities and Total Equity | $3.73B | $3.83B | $3.92B | $3.91B | $3.90B | $3.80B | $4.07B | $3.93B | $3.94B | $3.95B | $4.05B | $3.69B | $2.51B | $2.46B |
Total Investments | $104.44M | $104.51M | $98.19M | $218.38M | $201.56M | $217.42M | $235.46M | $187.24M | $192.19M | $187.66M | $150.36M | $117.93M | $79.52M | $109.44M |
Total Debt | $1.12B | $1.08B | $1.13B | $1.20B | $1.29B | $1.31B | $1.58B | $1.60B | $1.78B | $1.97B | $2.05B | $2.00B | $1.33B | $1.28B |
Net Debt | $926.98M | $887.37M | $968.26M | $981.51M | $1.07B | $1.19B | $1.34B | $1.34B | $1.61B | $1.81B | $1.96B | $1.92B | $1.23B | $1.20B |
Annual Cash Flow
Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
---|---|---|---|---|---|
Net Income | $774.03M | $793.27M | $737.18M | $-54.04M | $163.57M |
Depreciation and Amortization | $215.11M | $211.03M | $205.21M | $147.71M | $172.00M |
Deferred Income Tax | $- | $- | $- | $- | $- |
Stock Based Compensation | $2.96M | $2.82M | $1.76M | $3.15M | $1.18M |
Change in Working Capital | $61.05M | $48.72M | $-228.37M | $-42.87M | $40.07M |
Accounts Receivables | $53.41M | $-144.42M | $-254.64M | $-36.48M | $77.77M |
Inventory | $13.55M | $-18.44M | $-15.78M | $-1.40M | $1.93M |
Accounts Payables | $- | $213.43M | $42.05M | $-4.99M | $-39.63M |
Other Working Capital | $-5.92M | $-1.84M | $- | $- | $- |
Other Non Cash Items | $-22.79M | $4.96M | $595.14M | $354.67M | $326.58M |
Net Cash Provided by Operating Activities | $1.03B | $1.06B | $670.36M | $67.17M | $398.29M |
Investments in Property Plant and Equipment | $-49.60M | $-184.39M | $-438.80M | $-26.32M | $-53.43M |
Acquisitions Net | $- | $- | $270.60M | $28.43M | $13.08M |
Purchases of Investments | $- | $-10.41M | $-13.38M | $-26.50M | $-16.14M |
Sales Maturities of Investments | $- | $- | $- | $- | $- |
Other Investing Activities | $79.49M | $163.13M | $20.08M | $-23.08M | $-14.68M |
Net Cash Used for Investing Activities | $29.89M | $-31.67M | $-181.58M | $-47.48M | $-56.49M |
Debt Repayment | $-200.33M | $-457.62M | $5.05M | $18.96M | $-123.27M |
Common Stock Issued | $- | $9.29M | $99.24M | $- | $- |
Common Stock Repurchased | $-49.16M | $- | $- | $- | $-12.64M |
Dividends Paid | $-699.88M | $-544.14M | $-239.07M | $- | $-108.10M |
Other Financing Activities | $-49.84M | $-94.47M | $-125.89M | $-78.11M | $-94.85M |
Net Cash Used Provided by Financing Activities | $-999.21M | $-1.09B | $-364.59M | $-20.27M | $-331.85M |
Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
Net Change in Cash | $61.05M | $-57.80M | $181.58M | $-721.79K | $9.06M |
Cash at End of Period | $283.57M | $222.52M | $281.53M | $99.95M | $100.67M |
Cash at Beginning of Period | $222.52M | $280.32M | $99.95M | $100.67M | $91.61M |
Operating Cash Flow | $1.03B | $1.06B | $670.36M | $67.17M | $398.29M |
Capital Expenditure | $-49.60M | $-184.39M | $-438.80M | $-26.32M | $-53.43M |
Free Cash Flow | $980.76M | $876.41M | $231.57M | $40.85M | $344.86M |
Cash Flow Charts
Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | $79.63M | $215.63M | $259.20M | $213.46M | $187.69M | $143.90M | $212.70M | $251.02M | $274.03M | $257.23M | $177.35M | $21.40M | $-7.81M | $-20.76M |
Depreciation and Amortization | $52.51M | $53.62M | $54.85M | $52.62M | $57.13M | $52.35M | $51.73M | $50.85M | $55.73M | $49.20M | $50.46M | $49.19M | $38.85M | $37.71M |
Deferred Income Tax | $- | $1.16M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Stock Based Compensation | $521.00K | $775.00K | $1.10M | $559.00K | $680.00K | $676.00K | $652.00K | $814.00K | $451.00K | $452.00K | $- | $- | $- | $- |
Change in Working Capital | $38.51M | $27.29M | $-16.62M | $-29.79M | $-37.34M | $111.23M | $-84.51M | $59.41M | $-22.11M | $-71.15M | $-121.78M | $-58.36M | $-22.74M | $-17.27M |
Accounts Receivables | $32.35M | $52.35M | $-22.31M | $-8.93M | $-60.66M | $137.95M | $-196.04M | $-23.94M | $-63.53M | $-12.10M | $-188.34M | $-61.58M | $-28.24M | $-10.07M |
Inventory | $4.23M | $1.46M | $3.86M | $-3.80M | $-19.88M | $1.69M | $-2.66M | $2.06M | $-60.84K | $1.33M | $225.02K | $-2.13M | $316.50K | $-1.15M |
Accounts Payables | $- | $- | $1.24M | $-17.06M | $43.21M | $-28.42M | $114.20M | $81.29M | $41.49M | $-60.38M | $66.34M | $5.36M | $5.18M | $-6.05M |
Other Working Capital | $1.93M | $-26.51M | $584.35K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Other Non Cash Items | $25.96M | $-14.43M | $2.13M | $125.07M | $150.56M | $-4.36M | $178.94M | $-3.64M | $142.11M | $131.92M | $213.37M | $160.18M | $98.02M | $98.45M |
Net Cash Provided by Operating Activities | $197.14M | $284.05M | $300.65M | $226.33M | $206.44M | $309.65M | $170.90M | $315.35M | $316.20M | $197.63M | $96.71M | $15.68M | $5.89M | $5.44M |
Investments in Property Plant and Equipment | $-13.23M | $-7.70M | $-13.41M | $-14.96M | $-51.73M | $-39.61M | $-94.33M | $-2.01M | $-24.87M | $-17.81M | $-206.26M | $-220.52M | $31.98M | $-40.06M |
Acquisitions Net | $- | $-2.22M | $1.36M | $- | $2.78M | $-3.39M | $52.56M | $93.62M | $186.79M | $42.17M | $32.43M | $13.16M | $-2.24M | $9.33M |
Purchases of Investments | $- | $- | $-308.00K | $-2.85M | $-2.87M | $-25.16M | $-173.25K | $-244.53K | $148.26K | $-3.53M | $-8.02M | $-2.09M | $-4.31M | $-17.12M |
Sales Maturities of Investments | $- | $- | $- | $2.28M | $524.00K | $-22.40M | $45.84M | $- | $- | $- | $- | $- | $- | $- |
Other Investing Activities | $30.80M | $28.77M | $20.00M | $1.19M | $-47.27M | $44.98M | $-1.89M | $1.94M | $-139.09M | $121.71M | $-4.11M | $-3.08M | $-22.67M | $- |
Net Cash Used for Investing Activities | $17.57M | $18.85M | $7.64M | $-15.53M | $-98.56M | $-45.57M | $2.00M | $93.30M | $22.98M | $142.54M | $-185.96M | $-212.53M | $2.77M | $-47.85M |
Debt Repayment | $28.68M | $-57.62M | $-48.07M | $-99.62M | $- | $-249.94M | $-20.50M | $-157.88M | $-117.94M | $-208.58M | $81.73M | $184.30M | $20.46M | $41.35M |
Common Stock Issued | $- | $- | $111.00K | $396.64K | $353.00K | $21.00K | $334.00K | $8.58M | $1.46M | $1.88M | $97.60M | $- | $- | $- |
Common Stock Repurchased | $-49.16M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Dividends Paid | $-193.36M | $-207.33M | $-175.67M | $-120.08M | $-118.40M | $-118.98M | $-162.71M | $-155.72M | $-146.34M | $-80.71M | $-9.74M | $- | $- | $- |
Other Financing Activities | $-5.67M | $-12.15M | $-38.71M | $6.61M | $-12.29M | $-2.60M | $-12.24M | $-52.84M | $-84.53M | $-71.66M | $-89.16M | $-27.93M | $-18.45M | $-16.53M |
Net Cash Used Provided by Financing Activities | $-219.52M | $-277.11M | $-262.34M | $-216.53M | $-117.60M | $-380.52M | $-195.12M | $-316.84M | $-313.54M | $-285.08M | $100.84M | $170.65M | $15.41M | $31.65M |
Effect of Forex Changes on Cash | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
Net Change in Cash | $-4.81M | $25.79M | $45.96M | $-4.72M | $97.79M | $-116.67M | $-27.47M | $93.02M | $23.58M | $64.42M | $13.75M | $-26.51M | $24.72M | $-10.76M |
Cash at End of Period | $283.57M | $288.38M | $262.58M | $217.14M | $221.86M | $124.07M | $240.74M | $268.21M | $175.19M | $151.61M | $87.19M | $73.44M | $99.95M | $75.23M |
Cash at Beginning of Period | $288.38M | $262.58M | $216.62M | $221.86M | $124.07M | $240.74M | $268.21M | $175.19M | $151.61M | $87.19M | $73.44M | $99.95M | $75.23M | $85.99M |
Operating Cash Flow | $197.14M | $284.05M | $300.65M | $226.33M | $206.44M | $309.65M | $170.90M | $315.35M | $316.20M | $197.63M | $96.71M | $15.68M | $5.89M | $5.44M |
Capital Expenditure | $-13.23M | $-7.70M | $-13.41M | $-14.96M | $-51.73M | $-39.61M | $-94.33M | $-2.01M | $-24.87M | $-17.81M | $-206.26M | $-220.52M | $31.98M | $-40.06M |
Free Cash Flow | $183.91M | $276.35M | $287.25M | $211.37M | $154.71M | $270.04M | $76.57M | $313.34M | $291.33M | $179.82M | $-109.55M | $-204.84M | $37.87M | $-34.62M |
Hafnia Dividends
Explore Hafnia's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
24.35%
Dividend Payout Ratio
90.42%
Dividend Paid & Capex Coverage Ratio
1.37x
Hafnia Dividend History
Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
---|---|---|---|---|---|
$0.02931751 | $0.02931751 | March 06, 2025 | March 07, 2025 | March 18, 2025 | February 27, 2025 |
$0.37929 | $0.37929 | December 05, 2024 | December 06, 2024 | December 17, 2024 | November 27, 2024 |
$0.40488 | $0.40488 | September 02, 2024 | September 03, 2024 | September 13, 2024 | August 23, 2024 |
$0.3443 | $0.3443 | May 22, 2024 | May 23, 2024 | June 03, 2024 | April 15, 2024 |
$0.24268 | $0.24268 | March 11, 2024 | March 12, 2024 | March 19, 2024 | |
$0.20295 | $0.20295 | November 23, 2023 | November 24, 2023 | December 04, 2023 | |
$0.25209 | $0.25209 | August 31, 2023 | September 01, 2023 | September 12, 2023 | |
$0.30399 | $0.30399 | May 25, 2023 | May 26, 2023 | June 06, 2023 | |
$0.31734 | $0.31734 | March 03, 2023 | March 06, 2023 | March 14, 2023 | |
$0.27973 | $0.27973 | November 25, 2022 | November 28, 2022 | December 06, 2022 | |
$0.18593 | $0.18593 | September 01, 2022 | September 02, 2022 | September 12, 2022 | |
$0.02106431 | $0.02106431 | May 27, 2022 | May 30, 2022 | June 07, 2022 | |
$0.1062 | $0.1062 | September 02, 2020 | September 03, 2020 | September 17, 2020 | |
$0.1062 | $0.1062 | May 28, 2020 | May 29, 2020 | June 12, 2020 | |
$0.0573 | $0.0573 | March 02, 2020 | March 03, 2020 | March 11, 2020 |
Hafnia News
Read the latest news about Hafnia, including recent articles, headlines, and updates.
Buy 4 Ideal 'Safer' February Dividends, Out Of 40 Choices From Readers
Since May 2017, reader-selected dividend-paying stocks have been featured, with valuable reader feedback improving accuracy and direction. My Dogs of The Week portfolios are available for Dividend Dogcatcher subscribers, with detailed summaries and reference guides listed by date. I prioritize stocks whose dividends from $1K invested exceed their single share price, categorizing them as "cash rich" or "cash poor".

HAFNIA LIMITED: Resignation of Board Member
SINGAPORE--(BUSINESS WIRE)--Non-executive director Erik Bartnes will be stepping down from the board effective from the annual general meeting (AGM) on 14 May 2025. The nomination committee will be putting forward a new candidate for the board before the AGM. Hafnia Limited ("Hafnia" or the "Company") extends its gratitude to Mr. Bartnes for his considerable contributions to the Company for the past 14 years. Hafnia Chairman Andreas Sohmen-Pao says: “We thank Erik for his involvement from the e.

HAFNIA LIMITED: Award of Share Options to Primary Insiders
SINGAPORE--(BUSINESS WIRE)--The Board of Directors of Hafnia Limited (the "Company") approved the award of 964,008 share options to the Company's senior management under the Company's bonus and long-term incentive plan. The grant date of the share options is set to 27 February 2025. For more information see the attached mandatory notification of trade. This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norw.

HAFNIA LIMITED: Mandatory Notification of Trade by Close Associate of Primary Insider
SINGAPORE--(BUSINESS WIRE)--BW Group Limited ("BW Group"), the largest shareholder of Hafnia Limited ("Hafnia", the "Company", OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”) and a close associate of a primary insider in the Company, has on 11 March 2025 purchased 396,795 shares in the Company at an average price of NOK 43.9984 per share on Oslo Børs. Further, on 11 March 2025 BW Group has purchased 1,185,142 shares in the Company at an average price of USD 4.1502 per share on the New York.

HAFNIA LIMITED: Ex Dividend USD 0.0294 on the Oslo Stock Exchange Today
SINGAPORE--(BUSINESS WIRE)--Reference is made to the stock exchange announcements made by Hafnia Limited ("Hafnia” or the "Company", OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”) on February 27, 2025 regarding key information relating to the dividend for the fourth quarter 2024 and correction of key information relating to dividend for the fourth quarter 2024. The shares of the Company will be traded ex-dividend on the Oslo Stock Exchange from today, March 6, 2025, and on the New York Sto.

Hafnia: Variable Dividend Drives Irrationality, Buying Opportunity
HAFN's stock price has declined 20% since Q4 earnings were released, despite generating an annualized 12% cash yield for shareholders after accounting for share repurchases executed during the quarter. Rates have improved marginally in Q1 with 67% of the quarter already booked. Geopolitical risks come from multiple sources but I believe are largely constructive. I do not see shipping routes returning to "normal".

Hafnia Limited (HAFN) Q4 2024 Earnings Call Transcript
Hafnia Limited (NYSE:HAFN ) Q4 2024 Earnings Conference Call February 27, 2025 8:30 AM ET Company Participants Mikael Skov - Chief Executive Officer Søren Winther - Vice President, Commercial Perry Van Echtelt - Chief Financial Officer Thomas Andersen - Executive Vice President & Head, Investor Relations Conference Call Participants Omar Nokta - Jefferies Frode Mørkedal - Clarksons Platou Securities AS Operator Welcome to Hafnia's Fourth Quarter and Full Year 2024 Financial Results Presentation. We will begin shortly.

HAFNIA LIMITED: Key information relating to dividend for the fourth quarter 2024
SINGAPORE--(BUSINESS WIRE)--Reference is made to the announcement made by Hafnia Limited ("Hafnia” or the "Company", OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”) on February 27, 2025 announcing the Company's fourth quarter results and cash dividend. Key information relating to the cash dividend paid by the Company for the fourth quarter 2024: Date of approval: February 26, 2025 Record date: March 7, 2025 Dividend amount: 0.0294 per share Declared currency: USD. Dividends payable to share.

Hafnia Limited Announces Financial Results for the Three and Twelve Months Ended December 31, 2024
SINGAPORE--(BUSINESS WIRE)--Hafnia Limited (“Hafnia”, the “Company” or “we”, OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”), a leading product tanker company with a diversified and modern fleet of over 120 vessels, today announced results for the three and twelve months ended December 31, 2024. The full report can be found in the Investor Relations section of Hafnia's website: https://investor.hafnia.com/financials/quarterly-results/default.aspx Highlights and Recent Activity Fourth Quarte.

Hafnia's Q4 / FY 2024 Financial Results Presentation to Be Held on 27 February 2025
SINGAPORE--(BUSINESS WIRE)--Hafnia Limited (“Hafnia”, the “Company”, OSE ticker code: “HAFNI”, NYSE ticker code “HAFN”) will release its Q4 / FY 2024 results at approximately 07:30 CET on February 27, 2025. In connection with this release, Hafnia will hold an investor presentation with Mikael Skov (CEO), Perry van Echtelt (CFO), Søren Skibdal Winther (VP), and Thomas Andersen (EVP). The details are as follows: Date: Thursday, February 27, 2025 Location Local Time Oslo, Norway 14:30 CET New York.

Cargill and Hafnia Launch Seascale Energy to Accelerate the Transformation of Marine Fuel Procurement Services
SINGAPORE--(BUSINESS WIRE)--Cargill's Ocean Transportation business and leading tanker shipping company, Hafnia, have joined forces to launch Seascale Energy, a joint venture, combining Cargill's existing bunker business Pure Marine Fuels and Hafnia's Bunker Alliance. By combining the strengths of two global players, Seascale Energy aims to set a new standard for marine fuel procurement by delivering considerable cost efficiencies, transparency, and access to sustainable fuel innovations. By co.

5 'Safe' Buys In 35 February Dividend Power Dogs
The Dividend Power strategy focuses on stocks with high earnings and dividend yields, creating a resilient portfolio for both downturns and bull markets. Top five Dividend Power stocks for February 2025 include Black Stone Minerals, AG Mortgage Investment, Golden Ocean, ARMOUR Residential, and Invesco Mortgage Capital. Analysts project significant net gains for top Dividend Power stocks, with AG Mortgage and Seanergy Maritime showing the highest potential returns by February 2026.

HAFNIA LIMITED: Share Buyback Program Finalized
SINGAPORE--(BUSINESS WIRE)--Hafnia Limited ("Hafnia" or the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") has on January 24, 2025, finalized the repurchase of shares under the share buyback program announced on December 2, 2024. The program was carried out by Pareto Securities AS and its subsidiary, Pareto Securities Inc. (together, "Pareto") based on a non-discretionary mandate. The total program comprised 14,382,255 shares repurchased in the market for a total consideration o.

HAFNIA LIMITED: Transactions Made Under Share Buyback Program
SINGAPORE--(BUSINESS WIRE)--Reference is made to the stock exchange announcement made by Hafnia Limited (“Hafnia” or the “Company”, OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”) on December 2, 2024, of the launch of Hafnia's program to repurchase up to 18,000,000 of the Company's shares in open market transactions for a total amount of up to USD 100,000,000 during the period from December 2, 2024, until no later than January 27, 2025, pursuant to an agreement with Pareto Securities AS and.

69 Graham Value All-Stars, Of 20 'Safer' Choices, Buy Any Of 14
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HAFNIA LIMITED: Mandatory Notification of Trade by Primary Insider
SINGAPORE--(BUSINESS WIRE)--Erik Bartnes, board member of Hafnia Limited (“Hafnia”, the “Company”, OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”), has on January 20, 2025 sold 1,182,931 shares in Hafnia at an average price of NOK 59.6782 per share through Castel AS, which is controlled by Erik Bartnes. For more information see the attached mandatory notification of trade. This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and.

Hafnia Limited: High Dividend Yield Combined With Significant Upside Potential
Hafnia's fleet of 115 vessels, with an average age of 8.8 years, positions it well in the product tanker market, offering stable operational performance. The latest report for 3Q24 delivered strong results with YoY growth across all stages: revenue, EBITDA, and net income. Sanctions on shadow fleet-related entities and constrained tanker supply are expected to drive strong tanker day rates in 2025, benefiting Hafnia investors.

Hafnia Limited: Not Just A Dividend Paying Machine
Hafnia Limited, a market leader in refined petroleum transport, boasts over 200 specialized tankers and a strong dividend payment program. The company controls around 6% of global capacity, with 115 tankers fully owned and the rest in sector pools. The current supply-demand gap in tanker production enhances Hafnia's growth prospects, making it a compelling buy opportunity.

4 Of 35 Safe-Buy Dividend Power Dogs In January
Four low-priced Dividend Power stocks, Golden Ocean, Invesco Mortgage, ARMOUR Residential, and FutureFuel, offer safer dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts project significant gains for top Dividend Power stocks, with an average net gain of 79.97% on $10k invested in the top ten.

Hafnia: The Shareholder-Friendly Capital Allocation Policy Is Catching My Attention
Hafnia owns and operates one of the world's largest fleets of refined product tankers. If the various commercial pools are included, Hafnia manages around 200 tankers, which represented approximately 6.0% of the global capacity in the product market at the end of 2023. I view Hafnia's capital allocation policy as one of the most compelling in the industry. Similar to DHT, Hafnia is committed to returning the majority of net income to shareholders.

HAFNIA LIMITED: Update on Share Buyback Program
SINGAPORE--(BUSINESS WIRE)--Reference is made to the stock exchange announcement made by Hafnia Limited ("Hafnia" or the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") on December 2, 2024, regarding the launch of a share buyback program of up to USD 100 million, from December 2, 2024, to January 27, 2025 (the "Buy-Back Program"). The Company hereby announces that the Buy-Back Program will be on pause with no shares being acquired by the Company from and including December 23, 20.

HAFNIA LIMITED: Transactions made under share buyback program
SINGAPORE--(BUSINESS WIRE)--Reference is made to the stock exchange announcement made by Hafnia Limited ("Hafnia" or the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") on December 2, 2024, of the launch of Hafnia's program to repurchase up to 18,000,000 of the Company's shares in open market transactions for a total amount of up to USD 100,000,000 during the period from December 2, 2024, until no later than January 27, 2025, pursuant to an agreement with Pareto Securities AS and.

HAFNIA LIMITED: Ex Dividend USD 0.3790 on the Oslo Stock Exchange Today
SINGAPORE--(BUSINESS WIRE)--Reference is made to the stock exchange announcement made by Hafnia Limited (“Hafnia” or the “Company”, OSE ticker code: “HAFNI”, NYSE ticker code: “HAFN”) on November 27, 2024 regarding key information relating to the dividend for the third quarter 2024. The shares of the Company will be traded ex-dividend on the Oslo Stock Exchange from today, December 5, 2024, and on the New York Stock Exchange from December 6, 2024. About Hafnia Limited: Hafnia is one of the worl.

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