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