Hafnia Balance Sheet

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
Cash & Equivalents	103.61	195.27	141.62	174.44	100.08
Cash & Short-Term Investments	103.61	195.27	141.62	174.44	100.08
Cash Growth	-46.94%	37.88%	-18.81%	74.31%	-0.59%
Accounts Receivable	521.95	404.01	507.84	305.5	118.47
Other Receivables	-	83.66	60.59	176.01	73.37
Receivables	521.95	487.68	568.44	481.51	226.7
Inventory	69.03	94.16	107.7	89.93	6.66
Prepaid Expenses	-	16.16	21.27	21.6	9.29
Restricted Cash	88.97	88.3	80.9	105.89	-
Other Current Assets	60.39	12.6	12.9	1.42	0.25
Total Current Assets	843.95	894.16	932.84	874.79	342.98
Property, Plant & Equipment	2,499	2,608	2,778	2,877	2,085
Long-Term Investments	395.4	104.44	84.13	43.18	19.39
Other Intangible Assets	0.08	6.43	1.29	2.59	3.57
Long-Term Accounts Receivable	1.32	-	-	-	-
Long-Term Deferred Tax Assets	-	-	0.04	0.04	0.04
Other Long-Term Assets	12.63	25.57	48.4	73.96	-
Total Assets	3,812	3,702	3,914	3,945	2,511
Accounts Payable	354.15	193.43	245.58	41.51	29.5
Accrued Expenses	-	118.15	114.8	101.76	30.43
Short-Term Debt	-	-	-	-	18.75
Current Portion of Long-Term Debt	164.52	252.56	174	104.48	178.62
Current Portion of Leases	27.8	83.74	93.32	215.64	51.02
Current Income Taxes Payable	5.02	2.76	8.11	4.74	2.02
Other Current Liabilities	0.16	3.2	25.37	13.04	5.46
Total Current Liabilities	551.66	653.83	661.19	481.16	315.8
Long-Term Debt	883.6	322.82	398.51	627.33	939.01
Long-Term Leases	47.05	463.13	626.52	827.85	144.13
Total Liabilities	1,482	1,440	1,686	1,936	1,399
Common Stock	1,093	1,093	5.07	5.04	3.7
Additional Paid-In Capital	-	-	1,582	1,561	1,242
Retained Earnings	846.22	705.18	631.03	381.89	-125.96
Treasury Stock	-78.45	-53.44	-17.95	-12.68	-12.83
Comprehensive Income & Other	468.76	517.71	27.62	73.65	5.15
Shareholders' Equity	2,330	2,263	2,228	2,009	1,112
Total Liabilities & Equity	3,812	3,702	3,914	3,945	2,511
Total Debt	1,123	1,122	1,292	1,775	1,332
Net Cash (Debt)	-1,019	-926.98	-1,151	-1,601	-1,231
Net Cash Per Share	-2.02	-1.80	-2.26	-3.27	-3.39
Filing Date Shares Outstanding	497.99	502.92	503.39	500.59	455.27
Total Common Shares Outstanding	497.99	502.92	503.39	500.59	363.16
Working Capital	292.29	240.33	271.64	393.63	27.17
Book Value Per Share	4.68	4.50	4.43	4.01	3.06
Tangible Book Value	2,330	2,256	2,226	2,006	1,108
Tangible Book Value Per Share	4.68	4.49	4.42	4.01	3.05
Machinery	3,619	3,667	3,717	3,837	2,991

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