Saturday 17 October 2026
Export HAFN’s income statement to Excel — free account
Hafnia Limited
HAFN Industrials Marine Shipping
Hafnia Limited’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, down 20.5% from fiscal 2024. In the quarter to June 2026, revenue grew 47.2%, EPS grew 273.3%, free cash flow grew 193.2% and total debt fell 13.8%, each against the same quarter a year earlier.
10.01
0.10
−0.99%
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| Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|
Piotroski F-Score |
— | — | 6 | 5 |
P/E ratio |
5.56 | 4.47 | 3.66 | 7.84 |
Altman Z-Score |
2.21 | 2.96 | 3.02 | 2.39 |
P/S ratio |
1.68 | 1.45 | 0.99 | 1.16 |
Altman Z″-Score (non-manufacturers) |
3.46 | 3.84 | 4.17 | 3.49 |
P/FCF ratio |
0.00 | 3.48 | 2.74 | 4.99 |
Beneish M-Score |
— | (2.34) | (2.87) | (2.00) |
P/Operating CF |
3.27 | 18.88 | 14.41 | 16.63 |
P/B ratio |
1.26 | 1.59 | 1.26 | 1.14 |
Price to Tangible BV |
1.26 | 1.59 | 1.26 | 1.14 |
EV/Sales |
2.68 | 1.89 | 1.28 | 1.57 |
EV/EBITDA |
2.68 | 5.50 | 3.59 | 6.26 |
EV/Operating CF |
0.00 | 4.34 | 3.56 | 5.94 |
EV/FCF |
0.00 | 4.52 | 3.53 | 6.73 |
Quick Ratio |
1.63 | 1.25 | 1.22 | 1.26 |
Current Ratio |
1.82 | 1.41 | 1.38 | 1.48 |
Net Debt/EBITDA |
1.45 | 0.99 | 0.81 | 1.62 |
Debt/Assets |
45.00% | 33.02% | 30.31% | 29.46% |
Debt/Equity |
0.88 | 0.58 | 0.50 | 0.48 |
Asset Turnover |
0.00 | 0.68 | 0.75 | 0.61 |
Operating CF/Net income |
1.03 | 1.34 | 1.33 | 1.77 |
Capex/Depreciation |
(0.84) | (0.20) | 0.03 | (0.35) |
Interest Coverage |
9.04 | 11.09 | 15.38 | 7.43 |
| 0.00% | 37.45% | 34.48% | 14.79% | |
| 0.00% | 20.19% | 20.33% | 9.04% | |
ROIC |
14.69% | 16.32% | 16.30% | 7.10% |
Return on Tangible Assets |
22.98% | 26.02% | 27.12% | 12.26% |
Average Days of Receivables |
95.32 | 80.56 | 64.11 | 83.49 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
3.09% | 0.00% | 0.00% | 0.00% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
0.09% | 0.11% | 0.10% | 0.14% |
Graham Net Nets |
(0.42) | (0.21) | (0.19) | (0.24) |
Graham Number |
9.48 | 12.48 | 12.32 | 8.46 |
Earnings Yield |
17.99% | 22.36% | 27.29% | 12.76% |
Free Cash Flow Yield |
0.00% | 28.74% | 36.53% | 20.04% |
Revenue per Share |
4.03 | 5.29 | 5.62 | 4.58 |
Operating CF per Share |
1.61 | 2.10 | 2.02 | 1.21 |
Capex per Share |
(0.37) | (0.08) | 0.01 | (0.14) |
Free Cash Flow per Share |
1.25 | 2.02 | 2.03 | 1.07 |
Cash per Share |
0.59 | 0.47 | 0.58 | 0.40 |
Shareholders Equity per Share |
4.20 | 4.41 | 4.44 | 4.68 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
4.20 | 4.41 | 4.44 | 4.68 |
Free Cash Flow |
595.20 | 1,019.21 | 1,037.84 | 532.23 |
Working Capital |
393.63 | 271.64 | 246.25 | 272.04 |
Capital Expenditures |
(175.68) | (41.60) | 7.48 | (70.66) |
Net Current Asset Value |
(1,061.55) | (753.38) | (539.70) | (638.36) |
EV/EBIT |
2.68 | 7.35 | 4.55 | 9.69 |
Capex to Sales |
0.09 | 0.02 | 0.00 | 0.03 |
Price to Operating Income |
1.68 | 5.66 | 3.53 | 7.18 |
| Other line items | ||||
Depreciation/Fixed assets |
0.07 | 0.08 | 0.08 | 0.08 |
Cash ROIC |
14.64% | 27.14% | 28.20% | 14.58% |
Accounts Receivable Turnover |
0.00 | 4.89 | 5.25 | 4.45 |
Accounts Payable Turnover |
0.00 | 5.81 | 5.03 | 4.82 |
Inventory Turnover |
0.00 | 15.93 | 17.39 | 19.71 |
Average Days of Payables |
67.58 | 89.39 | 65.05 | 80.38 |
Days of Inventory on Hand |
38.90 | 24.98 | 19.58 | 15.67 |
Average Receivables |
— | 546.41 | 546.77 | 512.90 |
Average Payables |
— | 270.85 | 349.16 | 333.50 |
Average Inventory |
— | 98.82 | 100.93 | 81.59 |
Average Assets |
— | 3,929.64 | 3,808.12 | 3,757.09 |
Average Common Equity |
— | 2,118.36 | 2,245.12 | 2,296.05 |
Columns are period end dates