Hafnia Limited (OSL: HAFNI)

Hafnia Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,970	2,672	1,927	811.22	874.1	827.86
Revenue Growth (YoY)	18.39%	38.68%	137.49%	-7.19%	5.59%	124.72%
Cost of Revenue	1,852	1,609	876.91	623.64	531.65	570.4
Gross Profit	1,118	1,063	1,050	187.57	342.45	257.46
Selling, General & Admin	27.21	25.69	23.63	16.01	16.69	15.43
Other Operating Expenses	31.4	24.59	19.06	19.8	-37.08	-35.82
Operating Expenses	274.75	261.31	251.91	187.5	136.05	111.12
Operating Income	843.31	801.86	797.73	0.08	206.41	146.34
Interest Expense	-55.72	-77.39	-91.09	-39	-46.95	-67.01
Interest & Investment Income	14.49	17.63	6.98	2.36	2.01	3.69
Earnings From Equity Investments	23.95	19.07	24.15	-1.77	5.03	0.86
Other Non Operating Income (Expenses)	-17.24	-17.74	-4.98	-7.83	-2.24	-10.39
EBT Excluding Unusual Items	808.8	743.44	732.78	-46.17	164.27	73.48
Gain (Loss) on Sale of Assets	-0.53	56.09	25.48	-4.94	-1.45	-0.73
Asset Writedown	-	-	-	-	-11.39	-
Pretax Income	808.27	799.53	758.27	-51.1	151.43	72.75
Income Tax Expense	6.13	6.25	6.68	4.39	2.65	1.02
Net Income	802.14	793.28	751.59	-55.49	148.78	71.73
Net Income to Common	802.14	793.28	751.59	-55.49	148.78	71.73
Net Income Growth	-20.89%	5.55%	-	-	107.40%	-
Shares Outstanding (Basic)	508	505	478	363	364	347
Shares Outstanding (Diluted)	512	509	489	363	364	347
Shares Change (YoY)	0.50%	4.01%	34.68%	-0.34%	4.99%	183.32%
EPS (Basic)	1.58	1.57	1.57	-0.15	0.41	0.21
EPS (Diluted)	1.56	1.56	1.54	-0.15	0.41	0.21
EPS Growth	-21.56%	1.30%	-	-	97.54%	-
Free Cash Flow	953.22	876.41	323.76	79.78	350.9	-35.75
Free Cash Flow Per Share	1.86	1.72	0.66	0.22	0.96	-0.10
Dividend Per Share	1.196	1.004	0.803	-	0.212	0.057
Dividend Growth	3.69%	24.97%	-	-	270.68%	-
Gross Margin	37.64%	39.79%	54.48%	23.12%	39.18%	31.10%
Operating Margin	28.39%	30.01%	41.41%	0.01%	23.61%	17.68%
Profit Margin	27.01%	29.69%	39.01%	-6.84%	17.02%	8.67%
Free Cash Flow Margin	32.09%	32.80%	16.81%	9.83%	40.14%	-4.32%
EBITDA	983.15	938.92	932.2	96.09	303.16	235.39
EBITDA Margin	33.10%	35.14%	48.39%	11.85%	34.68%	28.43%
D&A For EBITDA	139.84	137.06	134.47	96.01	96.75	89.06
EBIT	843.31	801.86	797.73	0.08	206.41	146.34
EBIT Margin	28.39%	30.01%	41.41%	0.01%	23.61%	17.68%
Effective Tax Rate	0.76%	0.78%	0.88%	-	1.75%	1.40%

Source: S&P Capital IQ. Standard template. Financial Sources.