Hafnia Limited (HAFN)

Hafnia Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,869	2,672	1,927	811.22	874.1
Revenue Growth (YoY)	7.37%	38.68%	137.49%	-7.19%	5.59%
Cost of Revenue	1,804	1,609	876.91	623.64	531.65
Gross Profit	1,065	1,063	1,050	187.57	342.45
Selling, General & Admin	28.17	25.69	23.63	16.01	16.69
Other Operating Expenses	44.25	24.59	19.06	19.8	-37.08
Operating Expenses	287.54	261.31	251.91	187.5	136.05
Operating Income	777.21	801.86	797.73	0.08	206.41
Interest Expense	-52.38	-77.39	-91.09	-39	-46.95
Interest & Investment Income	16.32	17.63	6.98	2.36	2.01
Earnings From Equity Investments	20.52	19.07	24.15	-1.77	5.03
Other Non Operating Income (Expenses)	-11.73	-17.74	-4.98	-7.83	-2.24
EBT Excluding Unusual Items	749.93	743.44	732.78	-46.17	164.27
Gain (Loss) on Sale of Assets	28.52	56.09	25.48	-4.94	-1.45
Asset Writedown	-	-	-	-	-11.39
Pretax Income	778.45	799.53	758.27	-51.1	151.43
Income Tax Expense	4.42	6.25	6.68	4.39	2.65
Net Income	774.04	793.28	751.59	-55.49	148.78
Net Income to Common	774.04	793.28	751.59	-55.49	148.78
Net Income Growth	-2.43%	5.55%	-	-	107.40%
Shares Outstanding (Basic)	510	505	478	363	364
Shares Outstanding (Diluted)	515	509	489	363	364
Shares Change (YoY)	1.26%	4.01%	34.69%	-0.34%	4.99%
EPS (Basic)	1.52	1.57	1.57	-0.15	0.41
EPS (Diluted)	1.50	1.56	1.54	-0.15	0.41
EPS Growth	-3.85%	1.30%	-	-	97.54%
Free Cash Flow	980.76	876.41	323.76	79.78	350.9
Free Cash Flow Per Share	1.90	1.72	0.66	0.22	0.96
Dividend Per Share	1.158	1.004	0.803	-	0.212
Dividend Growth	15.36%	24.97%	-	-	270.68%
Gross Margin	37.12%	39.79%	54.48%	23.12%	39.18%
Operating Margin	27.09%	30.01%	41.41%	0.01%	23.61%
Profit Margin	26.98%	29.69%	39.01%	-6.84%	17.02%
Free Cash Flow Margin	34.19%	32.80%	16.80%	9.83%	40.14%
EBITDA	917.37	938.92	1,007	96.09	303.16
EBITDA Margin	31.98%	35.14%	52.27%	11.85%	34.68%
D&A For EBITDA	140.17	137.06	209.22	96.01	96.75
EBIT	777.21	801.86	797.73	0.08	206.41
EBIT Margin	27.09%	30.01%	41.41%	0.01%	23.61%
Effective Tax Rate	0.57%	0.78%	0.88%	-	1.75%

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q