Hafnia Financials
This page shows Hafnia (HAFN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Hafnia's revenue grew 7.4% year-over-year to $2.9B, a solid pace of expansion. This earns a growth score of 46/100.
Hafnia carries a low D/E ratio of 0.50, meaning only $0.50 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.
Hafnia's current ratio of 1.38 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 23/100, which could limit financial flexibility.
Hafnia converts 34.2% of revenue into free cash flow ($980.8M). This strong cash generation earns a score of 100/100.
Hafnia earns a strong 34.2% return on equity (ROE), meaning it generates $34 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 87/100. This is down from 35.6% the prior year.
Hafnia passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Hafnia generates $1.33 in operating cash flow ($1.0B OCF vs $774.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Hafnia generated $2.9B in revenue in fiscal year 2024. This represents an increase of 7.4% from the prior year.
Hafnia reported $774.0M in net income in fiscal year 2024. This represents a decrease of 2.4% from the prior year.
Cash & Balance Sheet
Hafnia generated $980.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 11.9% from the prior year.
Hafnia held $283.6M in cash against $1.1B in long-term debt as of fiscal year 2024.
Hafnia had 503M shares outstanding in fiscal year 2024.
Margins & Returns
Hafnia's net profit margin was 27.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.7 percentage points from the prior year.
Hafnia's ROE was 34.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.4 percentage points from the prior year.
Capital Allocation
Hafnia spent $25.7M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 9.6% from the prior year.
Hafnia invested $49.6M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents a decrease of 73.1% from the prior year.
HAFN Income Statement
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A |
| Interest Expense | -$8.1M | N/A | -$9.9M | N/A |
| Income Tax | $2.7M | N/A | $1.6M | N/A |
| Net Income | $75.3M | N/A | $259.2M | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A |
HAFN Balance Sheet
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|
| Total Assets | $3.7B-0.9% | $3.7B | N/A | $3.9B |
| Current Assets | $890.4M-1.1% | $900.1M | N/A | $932.8M |
| Cash & Equivalents | $313.3M+10.5% | $283.6M+8.0% | $262.6M+18.0% | $222.5M |
| Inventory | $82.3M-12.6% | $94.2M | N/A | $107.7M |
| Accounts Receivable | $466.0M-7.5% | $503.8M | N/A | $589.7M |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.4B-4.9% | $1.4B | N/A | $1.7B |
| Current Liabilities | $738.4M+12.9% | $653.8M | N/A | $661.2M |
| Long-Term Debt | $1.0B-8.5% | $1.1B | N/A | $1.3B |
| Total Equity | $2.3B+1.7% | $2.3B | N/A | $2.2B |
| Retained Earnings | $778.5M+10.4% | $705.2M | N/A | $631.0M |
HAFN Cash Flow Statement
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|
| Operating Cash Flow | $187.7M | N/A | $300.7M | N/A |
| Capital Expenditures | $41.0M | N/A | $13.3M | N/A |
| Free Cash Flow | $146.7M | N/A | $287.3M | N/A |
| Investing Cash Flow | -$32.3M | N/A | $7.6M | N/A |
| Financing Cash Flow | -$110.2M | N/A | -$262.3M | N/A |
| Dividends Paid | $50.5M | N/A | $175.7M | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
HAFN Financial Ratios
| Metric | Q2'25 | Q4'24 | Q2'24 | Q4'23 |
|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A |
| Return on Equity | 3.3% | N/A | N/A | N/A |
| Return on Assets | 2.1% | N/A | N/A | N/A |
| Current Ratio | 1.21-0.2 | 1.38 | N/A | 1.41 |
| Debt-to-Equity | 0.45-0.0 | 0.50 | N/A | 0.58 |
| FCF Margin | N/A | N/A | N/A | N/A |
Similar Companies
Frequently Asked Questions
What is Hafnia's annual revenue?
Hafnia (HAFN) reported $2.9B in total revenue for fiscal year 2024. This represents a 7.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Hafnia's revenue growing?
Hafnia (HAFN) revenue grew by 7.4% year-over-year, from $2.7B to $2.9B in fiscal year 2024.
Is Hafnia profitable?
Yes, Hafnia (HAFN) reported a net income of $774.0M in fiscal year 2024, with a net profit margin of 27.0%.
How much debt does Hafnia have?
As of fiscal year 2024, Hafnia (HAFN) had $283.6M in cash and equivalents against $1.1B in long-term debt.
What is Hafnia's net profit margin?
Hafnia (HAFN) had a net profit margin of 27.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Hafnia's return on equity (ROE)?
Hafnia (HAFN) has a return on equity of 34.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Hafnia's free cash flow?
Hafnia (HAFN) generated $980.8M in free cash flow during fiscal year 2024. This represents a 11.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Hafnia's operating cash flow?
Hafnia (HAFN) generated $1.0B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Hafnia's total assets?
Hafnia (HAFN) had $3.7B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Hafnia's capital expenditures?
Hafnia (HAFN) invested $49.6M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is Hafnia's current ratio?
Hafnia (HAFN) had a current ratio of 1.38 as of fiscal year 2024, which is considered adequate.
What is Hafnia's debt-to-equity ratio?
Hafnia (HAFN) had a debt-to-equity ratio of 0.50 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hafnia's return on assets (ROA)?
Hafnia (HAFN) had a return on assets of 20.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Hafnia's Piotroski F-Score?
Hafnia (HAFN) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Hafnia's earnings high quality?
Hafnia (HAFN) has an earnings quality ratio of 1.33x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Hafnia?
Hafnia (HAFN) scores 70 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.