Hafnia Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	132.49	195.27	141.62	174.44	100.08	100.67
Cash & Short-Term Investments	132.49	195.27	141.62	174.44	100.08	100.67
Cash Growth	-32.77%	37.88%	-18.81%	74.31%	-0.59%	9.89%
Accounts Receivable	501.48	404.01	507.84	305.5	118.47	66.17
Other Receivables	-	83.66	60.59	176.01	73.37	92.75
Receivables	501.48	487.68	568.44	481.51	226.7	158.92
Inventory	78.23	94.16	107.7	89.93	6.66	5.23
Prepaid Expenses	-	16.16	21.27	21.6	9.29	4.72
Restricted Cash	74.1	88.3	80.9	105.89	-	-
Other Current Assets	54.5	12.6	12.9	1.42	0.25	11.25
Total Current Assets	840.81	894.16	932.84	874.79	342.98	280.78
Property, Plant & Equipment	2,526	2,608	2,778	2,877	2,085	2,206
Long-Term Investments	114	104.44	84.13	43.18	19.39	6.8
Other Intangible Assets	23.23	6.43	1.29	2.59	3.57	4.42
Long-Term Deferred Tax Assets	-	-	0.04	0.04	0.04	0.04
Other Long-Term Assets	13.34	25.57	48.4	73.96	-	-
Total Assets	3,570	3,702	3,914	3,945	2,511	2,544
Accounts Payable	336.24	193.43	245.58	41.51	29.5	23.79
Accrued Expenses	-	118.15	114.8	101.76	30.43	38.77
Short-Term Debt	-	-	-	-	18.75	-
Current Portion of Long-Term Debt	191.29	252.56	174	104.48	178.62	142.96
Current Portion of Leases	33.28	83.74	93.32	215.64	51.02	36.15
Current Income Taxes Payable	4.43	2.76	8.11	4.74	2.02	2.07
Other Current Liabilities	4.26	3.2	25.37	13.04	5.46	7.95
Total Current Liabilities	569.5	653.83	661.19	481.16	315.8	251.69
Long-Term Debt	555.79	322.82	398.51	627.33	939.01	988.34
Long-Term Leases	114.16	463.13	626.52	827.85	144.13	155.84
Total Liabilities	1,239	1,440	1,686	1,936	1,399	1,396
Common Stock	1,093	1,093	5.07	5.04	3.7	3.7
Additional Paid-In Capital	-	-	1,582	1,561	1,242	1,242
Retained Earnings	809.77	705.18	631.03	381.89	-125.96	-70.46
Treasury Stock	-78.45	-53.44	-17.95	-12.68	-12.83	-13
Comprehensive Income & Other	506.31	517.71	27.62	73.65	5.15	-14.15
Shareholders' Equity	2,331	2,263	2,228	2,009	1,112	1,148
Total Liabilities & Equity	3,570	3,702	3,914	3,945	2,511	2,544
Total Debt	894.52	1,122	1,292	1,775	1,332	1,323
Net Cash (Debt)	-762.04	-926.98	-1,151	-1,601	-1,231	-1,223
Net Cash Per Share	-1.50	-1.80	-2.26	-3.27	-3.39	-3.36
Filing Date Shares Outstanding	498.24	502.92	503.39	500.59	455.27	363.06
Total Common Shares Outstanding	498.24	502.92	503.39	500.59	363.16	363.06
Working Capital	271.31	240.33	271.64	393.63	27.17	29.09
Book Value Per Share	4.68	4.50	4.43	4.01	3.06	3.16
Tangible Book Value	2,307	2,256	2,226	2,006	1,108	1,144
Tangible Book Value Per Share	4.63	4.49	4.42	4.01	3.05	3.15
Machinery	3,654	3,667	3,717	3,837	2,991	3,060

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