HAFN (Hafnia Limited) Stock Financials & Earnings | Market Cap Arena

HAFN (Hafnia Limited) Stock Financials & Earnings | Market Cap Arena

HAFNHafnia Limited

Mkt Cap$4B

Industrials·Marine Shipping·🇸🇬 Singapore·NYSE

Revenue (TTM)$2.3B

Net Income (TTM)$340M

EPS (TTM)$0.68

Free Cash Flow (TTM)$444M

Gross Margin18.8%

Op. Margin15.5%

Net Margin14.9%

FCF Margin19.5%

P/S Ratio (TTM)1.7x

P/E Ratio (TTM)11.1x

YoY Rev Growth-20.4%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$597M	$254M	$281M
Q2 23	$701M	$370M	$230M
Q3 23	$651M	$176M	$167M
Q4 23	$1.2B	$199M	$181M
Q1 24	$785M	$246M	$233M
Q2 24	$831M	$282M	$262M
Q3 24	$720M	$222M	$219M
Q4 24	$533M	$100M	$92M
Q1 25	$548M	$92M	$75M
Q2 25	$554M	$103M	$83M
Q3 25	$587M	$114M	$101M
Q4 25	$593M	$120M	$94M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	1.7x	3.8x
Q2 23	1.6x	3.7x
Q3 23	1.5x	4.3x
Q4 23	1.2x	4.8x
Q1 24	1.1x	5.0x
Q2 24	1.1x	4.7x
Q3 24	1.1x	4.3x
Q4 24	1.3x	4.9x
Q1 25	1.4x	6.1x
Q2 25	1.6x	8.7x
Q3 25	1.7x	12.2x
Q4 25	1.7x	11.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$354M	$352M
Q2 23	$185M	$92M
Q3 23	$334M	$291M
Q4 23	$199M	$153M
Q1 24	$249M	$233M
Q2 24	$301M	$287M
Q3 24	$284M	$276M
Q4 24	$197M	$184M
Q1 25	$137M	$110M
Q2 25	$188M	$147M
Q3 25	$118M	$74M
Q4 25	$146M	$113M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$2M
Q2 23	$94M
Q3 23	$43M
Q4 23	$46M
Q1 24	$15M
Q2 24	$13M
Q3 24	$8M
Q4 24	$13M
Q1 25	$27M
Q2 25	$41M
Q3 25	$44M
Q4 25	$33M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+123.4%	+37.2%
Q2 23	+49.8%	+80.7%
Q3 23	+24.6%	+115.7%
Q4 23	+102.5%	+235.2%
Q1 24	+31.4%	+74.5%
Q2 24	+18.6%	+20.7%
Q3 24	+10.6%	+3.5%
Q4 24	-54.3%	-55.2%
Q1 25	-30.2%	-14.4%
Q2 25	-33.3%	-17.2%
Q3 25	-18.5%	-3.0%
Q4 25	+11.3%	+13.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$814K	0.1%
Q2 23	$652K	0.1%
Q3 23	$676K	0.1%
Q4 23	$680K	0.1%
Q1 24	$559K	0.1%
Q2 24	$1M	0.1%
Q3 24	$775K	0.1%
Q4 24	$521K	0.1%
Q1 25	$664K	0.1%
Q2 25	$843K	0.2%
Q3 25	$849K	0.1%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 23	$15M	—
Q2 23	$19M	—
Q3 23	$16M	—
Q1 24	$17M	—
Q1 25	$21M	—
Q3 25	$6M	—
Q4 25	—	$27M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$268M	$0	$268M
Q2 23	$241M	$0	$241M
Q3 23	$124M	$0	$124M
Q4 23	$222M	$0	$222M
Q1 24	$217M	$0	$217M
Q2 24	$262M	$0	$262M
Q3 24	$287M	$0	$287M
Q4 24	$283M	$0	$283M
Q1 25	$268M	$0	$268M
Q2 25	$314M	$0	$314M
Q3 25	$132M	$0	$132M
Q4 25	$193M	$0	$193M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	509M	+4.1%
Q2 23	507M	-0.4%
Q3 23	507M	-0.1%
Q4 23	509M	+0.4%
Q1 24	510M	+0.2%
Q2 24	515M	+1.0%
Q3 24	515M	+0.1%
Q4 24	515M	-0.0%
Q1 25	504M	-2.2%
Q2 25	504M	+0.0%
Q3 25	504M	+0.0%
Q4 25	504M	+0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 16	—	—
FY 17	—	—
FY 18	—	—
FY 19	—	—
FY 20	—	—
FY 21	—	—
FY 22	—	—
FY 23	—	—
FY 24	$578K	5K
FY 25	$474K	5K