Hafnia Limited financials
Also U.S.-listed. Hafnia Limited is also a foreign private issuer filing with the U.S. SEC. View its EDGAR financials: HAFN — Hafnia Limited
Hafnia Limited
Country: NO Reporting currency: USD Latest annual report: 2024-12-31
LEI:
5493001KCFT0SCGJ2647 Financial statements
(USD, as reported — unscaled; 110 line items across 3 annual periods)
| Line item | 2024 | 2023 | 2022 |
|---|---|---|---|
| Income statement | |||
| Other income | $35.2M | $45.0M | $40.5M |
| Depreciation & amortisation | $803.0K | $1.3M | $1.2M |
| Operating profit (EBIT) | $805.7M | $857.9M | $823.2M |
| Net finance income / (cost) | -$47.8M | -$77.5M | -$89.1M |
| Profit before tax | $778.5M | $799.5M | $758.3M |
| Income tax expense | $4.4M | $6.3M | $6.7M |
| Profit for the year | $774.0M | $793.3M | $751.6M |
| Total comprehensive income | $756.5M | $773.8M | $819.8M |
| Per share | |||
| Basic EPS | $1.52 | $1.57 | $1.57 |
| Diluted EPS | $1.50 | $1.56 | $1.54 |
| Free cash flow / share | $1.90 | $1.72 | $0.66 |
| Cash flow statement | |||
| Cash generated from operations | $1.04B | $1.06B | $775.9M |
| Net cash from operating activities | $1.03B | $1.06B | $770.9M |
| Income taxes paid | $9.5M | $3.6M | $5.0M |
| Net cash from investing activities | $29.9M | -$31.7M | -$179.1M |
| Purchase of PP&E (capex) | $49.6M | $184.4M | $447.1M |
| Purchase of intangibles | $23.0K | $0 | $248.0K |
| Net cash from financing activities | -$999.2M | -$1.09B | -$465.1M |
| Dividends paid | $699.9M | $544.1M | $243.7M |
| Lease liability payments | $201.2M | $390.2M | $231.1M |
| Balance sheet | |||
| Total assets | $3.70B | $3.91B | — |
| Non-current assets | $2.80B | $2.98B | — |
| Current assets | $900.1M | $932.8M | — |
| Inventories | $94.2M | $107.7M | — |
| Cash & equivalents | $283.6M | $222.5M | $280.3M |
| Total equity | $2.26B | $2.23B | $2.01B |
| Non-current liabilities | $786.0M | $1.03B | — |
| Long-term borrowings | $786.0M | $1.03B | — |
| Current liabilities | $653.8M | $661.2M | — |
| Short-term borrowings | $336.3M | $267.3M | — |
| Trade & other payables | $312.8M | $385.5M | — |
| Derived metrics | |||
| Free cash flow | $980.8M | $876.4M | $323.8M |
| Return on equity | 34.2% | 35.6% | 37.4% |
| Cash conversion ratio | 1.33× | 1.34× | 1.03× |
| Capex coverage | 20.77× | 5.75× | 1.72× |
| Other reported items | |||
| Additional Paidin Capital | $0 | $537.1M | — |
| Adjustments For Decrease Increase In Inventories | $13.5M | -$17.8M | -$16.1M |
| Adjustments For Depreciation and Amortisation Expense | $215.1M | $211.0M | $209.2M |
| Adjustments For Finance Costs | $64.1M | $95.1M | $96.1M |
| Adjustments For Income Tax Expense | $4.4M | $6.3M | $6.7M |
| Adjustments For Increase Decrease In Trade and Other Payables | -$49.2M | $205.7M | $42.9M |
| Adjustments For Interest Income | $16.3M | $17.6M | $7.0M |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | -$28.5M | -$56.1M | -$25.5M |
| Adjustments For Sharebased Payments | $3.0M | $2.8M | $1.8M |
| Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method | $20.5M | $19.1M | $24.2M |
| Cash | $195.3M | $141.6M | $174.4M |
| Cash Advances and Loans From Related Parties | $0 | $0 | $3.8M |
| Cash Advances and Loans Made To Related Parties | $13.2M | $15.5M | $11.5M |
| Cash Flows From Used In Operations Before Changes In Working Capital | $995.3M | $1.02B | $1.01B |
| Cash Repayments of Advances and Loans From Related Parties | $0 | $0 | $22.5M |
| Current Derivative Financial Assets | $12.6M | $12.9M | — |
| Current Derivative Financial Liabilities | $1.9M | $276.0K | — |
| Current Restricted Cash and Cash Equivalents | $88.3M | $80.9M | — |
| Current Tax Liabilities Current | $2.8M | $8.1M | — |
| Deferred Tax Assets | $0 | $36.0K | — |
| Depreciation Expense | $214.3M | $209.7M | $208.0M |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners | $14.6M | — | — |
| Dividends Proposed Or Declared Before Financial Statements Authorised For Issue But Not Recognised As Distribution To Owners Per Share | $0.03 | — | — |
| Dividends Received From Associates Classified As Investing Activities | $0 | $0 | $1.8M |
| Dividends Received From Joint Ventures Classified As Investing Activities | $0 | $500.0K | $0 |
| Dividends Recognised As Distributions To Owners Per Share | $1.12 | — | — |
| Equity and Liabilities | $3.70B | $3.91B | — |
| Gains Losses On Cash Flow Hedges Net of Tax | $14.5M | $13.4M | $73.5M |
| Gains Losses On Disposals of Noncurrent Assets | $28.5M | $56.1M | $25.5M |
| Increase Decrease In Cash and Cash Equivalents | $61.0M | -$57.8M | $126.6M |
| Increase Decrease Through Exercise of Options | $935.0K | $9.7M | $1.5M |
| Increase Decrease Through Sharebased Payment Transactions | $3.0M | $2.8M | $1.8M |
| Increase Decrease Through Transactions With Owners | -$721.7M | -$555.0M | $77.2M |
| Increase Decrease Through Transfers and Other Changes Equity | $0 | — | — |
| Interest Expense | $52.4M | $77.4M | $91.1M |
| Interest Received Classified As Investing Activities | $12.5M | $13.6M | $4.2M |
| Investment Accounted For Using Equity Method | $81.4M | $60.2M | — |
| Issued Capital | $1.09B | $5.1M | — |
| Issued Capital Ordinary Shares | $23.4M | — | — |
| Liabilities | $1.44B | $1.69B | — |
| Noncurrent Derivative Financial Assets | $12.0M | $35.0M | — |
| Noncurrent Investments Other Than Investments Accounted For Using Equity Method | $23.1M | $24.0M | — |
| Noncurrent Receivables Due From Joint Ventures | $64.1M | $69.6M | — |
| Noncurrent Restricted Cash and Cash Equivalents | $13.5M | $13.4M | — |
| Number of Shares Issued | 3.4M | — | — |
| Other Cash Payments To Acquire Interests In Joint Ventures Classified As Investing Activities | $2.2M | $2.2M | $1.8M |
| Other Cash Receipts From Sales of Interests In Joint Ventures Classified As Investing Activities | $1.4M | $0 | $0 |
| Other Comprehensive Income | -$17.6M | -$19.5M | $68.2M |
| Other Comprehensive Income Net of Tax Exchange Differences On Translation | -$135.0K | -$92.0K | $64.0K |
| Other Comprehensive Income Net of Tax Gains Losses From Investments In Equity Instruments | $1.2M | $9.7M | $0 |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | -$18.7M | -$29.2M | $68.2M |
| Other Current Assets | $894.2M | $932.8M | — |
| Other Expense By Nature | $79.4M | $69.6M | $59.5M |
| Other Finance Cost | $9.7M | $11.8M | $2.5M |
| Other Inflows Outflows of Cash Classified As Financing Activities | -$8.0M | -$11.1M | -$3.6M |
| Other Noncurrent Assets | $194.1M | $202.2M | — |
| Other Property Plant and Equipment | $733.0K | $964.0K | — |
| Other Reserves | $517.7M | $27.6M | — |
| Payments For Debt Issue Costs | $1.1M | $4.0M | $2.0M |
| Payments For Share Issue Costs | $0 | $0 | $1.2M |
| Payments To Acquire Or Redeem Entitys Shares | $49.2M | $0 | $0 |
| Proceeds From Exercise of Options | $935.0K | $9.3M | $1.5M |
| Proceeds From Issuing Shares | $0 | $0 | $97.8M |
| Proceeds From Sales of Investments Other Than Investments Accounted For Using Equity Method | $2.3M | $0 | $0 |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | $57.1M | $142.8M | $255.8M |
| Purchase of Investments Other Than Investments Accounted For Using Equity Method | $861.0K | $10.4M | $324.0K |
| Purchase of Treasury Shares | $25.7M | $23.5M | $0 |
| Reclassification Adjustments On Cash Flow Hedges Net of Tax | $33.1M | $42.5M | $5.4M |
| Restricted Cash and Cash Equivalents | $88.3M | $80.9M | $105.9M |
| Retained Earnings | $705.2M | $631.0M | — |
| Revenue From Interest | $16.3M | $17.6M | $7.0M |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | $20.5M | $19.1M | $24.2M |
| Share Premium | $0 | $1.04B | — |
| Ships | $2.52B | $2.67B | — |
| Treasury Shares | $53.4M | $18.0M | — |
Methodology
Every line item above is a fact tagged in Hafnia Limited's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (USD), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.