Hafnia Limited
IndustrialsNYSE:HAFN · New York Stock Exchange
+$0.23 today
Vol 1.83M · Avg 1.86M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$2.4B of revenue converted into $456.3M of net income for the selected period. Gross margin is 20.5% and net margin is 18.6%, showing how much revenue survives after costs and taxes. EPS is $0.91, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.3B -18.1% | $2.9B +7.4% | $2.7B +38.7% | $1.9B +137.5% | $811.2M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $1.9B -4.6% | $2.0B +11.0% | $1.8B +67.5% | $1.1B +74.2% | $623.6M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $423.2M -50.2% | $849.6M -0.3% | $852.1M +1.4% | $840.4M +348.0% | $187.6M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 18.0% -11.6pp | 29.6% -2.3pp | 31.9% -11.7pp | 43.6% +20.5pp | 23.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $87.4M +72.6% | $50.6M +18.2% | $42.8M +13.4% | $37.8M +135.8% | $16.0M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $87.4M +99.0% | $43.9M +855.9% | -$5.8M -133.8% | $17.2M -91.1% | $192.4M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $208.1M -3.3% | $215.1M +1.9% | $211.0M +0.9% | $209.2M +37.9% | $151.7M | $374.2M | $1.2B | $631.8M |
| EBITDA | $620.1M -40.7% | $1.0B -3.9% | $1.1B +2.8% | $1.1B +658.4% | $139.6M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 26.4% -10.1pp | 36.5% -4.3pp | 40.7% -14.2pp | 54.9% +37.7pp | 17.2% | 5.6% | 46.3% | 42.0% |
| Operating Income | $335.8M -58.3% | $805.7M -6.1% | $857.9M +4.2% | $823.2M +17049.0% | -$4.9M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 14.3% -13.8pp | 28.1% -4.0pp | 32.1% -10.6pp | 42.7% +43.3pp | -0.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $13.9M -9.9% | $15.4M -12.6% | $17.6M +1044.1% | $1.5M -32.8% | $2.3M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $59.8M -1.2% | $60.5M -21.8% | $77.4M -17.9% | $94.2M +106.6% | $45.6M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $16.4M +160.1% | -$27.3M +53.3% | -$58.4M +10.0% | -$64.9M -40.4% | -$46.2M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $352.2M -54.8% | $778.5M -2.6% | $799.5M +5.4% | $758.3M +1583.8% | -$51.1M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 15.0% -12.1pp | 27.1% -2.8pp | 29.9% -9.4pp | 39.4% +45.7pp | -6.3% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $2.6M -41.9% | $4.4M -29.3% | $6.3M -6.4% | $6.7M +52.1% | $4.4M | $1.3B | -$1.6B | $745.2M |
| Net Income | $349.7M -54.8% | $774.0M -2.4% | $793.3M +5.5% | $751.6M +1454.4% | -$55.5M | $4.9B | $4.8B | $4.7B |
| Net Margin | 14.9% -12.1pp | 27.0% -2.7pp | 29.7% -9.3pp | 39.0% +45.9pp | -6.8% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 -53.9% | $2 -3.2% | $2 +1.9% | $2 +1126.7% | -$0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 -54.0% | $2 -3.8% | $2 +3.3% | $2 +1106.7% | -$0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $498.2M -2.3% | $510.1M +1.0% | $505.1M +5.7% | $477.9M +31.6% | $363.1M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $504.1M -2.1% | $515.1M +1.3% | $508.7M +4.0% | $489.1M +34.7% | $363.1M | $1.2B | $924.4M | $678.0M |
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How much revenue does HAFN generate?
Hafnia Limited (HAFN) reported $2.35B of revenue in fiscal 2025.
Is HAFN profitable?
Hafnia Limited (HAFN) reported $349.66M of net income, with a net margin of 14.9%.
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