Hafnia Limited (FRA:RE0)

Hafnia Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,355	2,869	2,672	1,927	811.22	874.1
Revenue Growth (YoY)	-20.73%	7.37%	38.68%	137.49%	-7.19%	5.59%
Cost of Revenue	1,630	1,804	1,609	876.91	623.64	531.65
Gross Profit	724.82	1,065	1,063	1,050	187.57	342.45
Selling, General & Admin	27.07	28.17	25.69	23.63	16.01	16.69
Other Operating Expenses	50.31	44.25	24.59	19.06	19.8	-37.08
Operating Expenses	284.22	287.54	261.31	251.91	187.5	136.05
Operating Income	440.6	777.21	801.86	797.73	0.08	206.41
Interest Expense	-50.17	-52.38	-77.39	-91.09	-39	-46.95
Interest & Investment Income	15.12	16.32	17.63	6.98	2.36	2.01
Earnings From Equity Investments	10.67	20.52	19.07	24.15	-1.77	5.03
Other Non Operating Income (Expenses)	-5.86	-11.73	-17.74	-4.98	-7.83	-2.24
EBT Excluding Unusual Items	410.35	749.93	743.44	732.78	-46.17	164.27
Gain (Loss) on Sale of Assets	28.62	28.52	56.09	25.48	-4.94	-1.45
Asset Writedown	-	-	-	-	-	-11.39
Pretax Income	438.97	778.45	799.53	758.27	-51.1	151.43
Income Tax Expense	5.18	4.42	6.25	6.68	4.39	2.65
Net Income	433.79	774.04	793.28	751.59	-55.49	148.78
Net Income to Common	433.79	774.04	793.28	751.59	-55.49	148.78
Net Income Growth	-45.92%	-2.43%	5.55%	-	-	107.40%
Shares Outstanding (Basic)	505	510	505	478	363	364
Shares Outstanding (Diluted)	510	515	509	489	363	364
Shares Change (YoY)	-0.53%	1.26%	4.01%	34.69%	-0.34%	4.99%
EPS (Basic)	0.86	1.52	1.57	1.57	-0.15	0.41
EPS (Diluted)	0.84	1.50	1.56	1.54	-0.15	0.41
EPS Growth	-46.00%	-3.85%	1.30%	-	-	97.54%
Free Cash Flow	717.06	980.76	876.41	323.76	79.78	350.9
Free Cash Flow Per Share	1.41	1.90	1.72	0.66	0.22	0.96
Dividend Per Share	0.631	1.158	1.004	0.803	-	0.212
Dividend Growth	-47.23%	15.36%	24.97%	-	-	270.68%
Gross Margin	30.78%	37.12%	39.79%	54.48%	23.12%	39.18%
Operating Margin	18.71%	27.09%	30.01%	41.41%	0.01%	23.61%
Profit Margin	18.42%	26.98%	29.69%	39.01%	-6.84%	17.02%
Free Cash Flow Margin	30.45%	34.19%	32.80%	16.80%	9.83%	40.14%
EBITDA	572.5	917.37	938.92	1,007	96.09	303.16
EBITDA Margin	24.31%	31.98%	35.14%	52.27%	11.85%	34.68%
D&A For EBITDA	131.9	140.17	137.06	209.22	96.01	96.75
EBIT	440.6	777.21	801.86	797.73	0.08	206.41
EBIT Margin	18.71%	27.09%	30.01%	41.41%	0.01%	23.61%
Effective Tax Rate	1.18%	0.57%	0.78%	0.88%	-	1.75%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.