Hafnia Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,282	2,869	2,672	1,927	811.22
Revenue Growth (YoY)	-20.45%	7.37%	38.68%	137.49%	-7.19%
Cost of Revenue	1,642	1,804	1,609	876.91	623.64
Gross Profit	640.34	1,065	1,063	1,050	187.57
Selling, General & Admin	27.08	28.17	25.69	23.63	16.01
Amortization of Goodwill & Intangibles	0.43	0.8	1.3	1.23	1.22
Other Operating Expenses	55.08	44.25	24.59	19.06	19.8
Operating Expenses	284.29	287.54	261.31	251.91	187.5
Operating Income	356.05	777.21	801.86	797.73	0.08
Interest Expense	-49.77	-52.38	-77.39	-91.09	-39
Interest & Investment Income	13.5	16.32	17.63	6.98	2.36
Earnings From Equity Investments	17.19	20.52	19.07	24.15	-1.77
Other Non Operating Income (Expenses)	-8.33	-11.73	-17.74	-4.98	-7.83
EBT Excluding Unusual Items	328.64	749.93	743.44	732.78	-46.17
Gain (Loss) on Sale of Assets	12.24	28.52	56.09	25.48	-4.94
Other Unusual Items	1.3	-	-	-	-
Pretax Income	342.18	778.45	799.53	758.27	-51.1
Income Tax Expense	2.5	4.42	6.25	6.68	4.39
Net Income	339.68	774.04	793.28	751.59	-55.49
Net Income to Common	339.68	774.04	793.28	751.59	-55.49
Net Income Growth	-56.12%	-2.43%	5.55%	-	-
Shares Outstanding (Basic)	498	510	505	478	363
Shares Outstanding (Diluted)	504	515	509	489	363
Shares Change (YoY)	-2.13%	1.26%	4.01%	34.69%	-0.34%
EPS (Basic)	0.68	1.52	1.57	1.57	-0.15
EPS (Diluted)	0.67	1.50	1.56	1.54	-0.15
EPS Growth	-55.33%	-3.85%	1.30%	-	-
Free Cash Flow	456.69	980.76	876.41	323.76	79.78
Free Cash Flow Per Share	0.91	1.90	1.72	0.66	0.22
Dividend Per Share	0.546	1.158	1.004	0.803	-
Dividend Growth	-52.86%	15.36%	24.97%	-	-
Gross Margin	28.06%	37.12%	39.79%	54.48%	23.12%
Operating Margin	15.60%	27.09%	30.01%	41.41%	0.01%
Profit Margin	14.89%	26.98%	29.69%	39.01%	-6.84%
Free Cash Flow Margin	20.01%	34.19%	32.80%	16.80%	9.83%
EBITDA	558.18	917.37	938.92	1,007	96.09
EBITDA Margin	24.46%	31.98%	35.14%	52.27%	11.85%
D&A For EBITDA	202.13	140.17	137.06	209.22	96.01
EBIT	356.05	777.21	801.86	797.73	0.08
EBIT Margin	15.60%	27.09%	30.01%	41.41%	0.01%
Effective Tax Rate	0.73%	0.57%	0.78%	0.88%	-

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