Hafnia Limited (HAFN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 671.22M | 593.24M | 586.88M | 554.15M | 547.91M | 532.86M | 719.73M | 831.16M | 784.89M | 1.16B | 650.77M | 700.94M | 597.11M | 575.07M | 522.38M | 467.76M | 267.33M | 244.32M | 189.5M |
| Revenue Growth % | 22.51% | 11.33% | -18.46% | -33.33% | -30.19% | -54.25% | 10.6% | 18.58% | 31.45% | 102.55% | 24.58% | 49.85% | 123.36% | 135.38% | 175.66% | - | - | - | - |
| Cost of Goods Sold | 511.92M | 472.76M | 473.16M | 450.91M | 455.51M | 432.78M | 497.48M | 549.38M | 539.38M | 965.77M | 475.17M | 331.35M | 343.45M | 276.1M | 191.07M | 199.04M | 170.34M | 189.14M | 153.9M |
| COGS % of Revenue | 76.27% | 79.69% | 80.62% | 81.37% | 83.14% | 81.22% | 69.12% | 66.1% | 68.72% | 82.91% | 73.02% | 47.27% | 57.52% | 48.01% | 36.58% | 42.55% | 63.72% | 77.42% | 81.21% |
| Gross Profit | 159.3M | 120.48M | 113.72M | 103.24M | 92.4M | 100.08M | 222.25M | 281.79M | 245.51M | 199.02M | 175.6M | 369.6M | 253.66M | 298.97M | 331.31M | 268.72M | 96.99M | 55.17M | 35.6M |
| Gross Margin % | 23.73% | 20.31% | 19.38% | 18.63% | 16.86% | 18.78% | 30.88% | 33.9% | 31.28% | 17.09% | 26.98% | 52.73% | 42.48% | 51.99% | 63.42% | 57.45% | 36.28% | 22.58% | 18.79% |
| Gross Profit Growth % | 72.4% | 20.39% | -48.83% | -63.36% | -62.36% | -49.72% | 26.57% | -23.76% | -3.21% | -33.43% | -47% | 37.54% | 161.54% | 441.88% | 830.65% | - | - | - | - |
| Operating Expenses | 8.74M | 26.96M | 12.55M | 20.15M | 16.94M | 8.42M | 3.24M | 19.65M | 12.59M | 18.5M | 8.4M | 140.08M | -27.05M | 16.63M | 33.16M | 61.8M | 60.29M | 60.03M | 12.8M |
| OpEx % of Revenue | 1.3% | 4.54% | 2.14% | 3.64% | 3.09% | 1.58% | 0.45% | 2.36% | 1.6% | 1.59% | 1.29% | 19.98% | -4.53% | 2.89% | 6.35% | 13.21% | 22.55% | 24.57% | 6.75% |
| Selling, General & Admin | 20.65M | 26.96M | 6.45M | 0 | 20.71M | 0 | 0 | 0 | 16.7M | -6.56M | 16.14M | 18.52M | 14.72M | 0 | 17.44M | 19.79M | 15.43M | 28.59M | 12.8M |
| SG&A % of Revenue | 3.08% | 4.54% | 1.1% | - | 3.78% | - | - | - | 2.13% | -0.56% | 2.48% | 2.64% | 2.47% | - | 3.34% | 4.23% | 5.77% | 11.7% | 6.75% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -1000K | 0 | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Operating Income | 150.55M | 93.53M | 101.17M | 83.09M | 75.46M | 91.66M | 219.01M | 262.14M | 232.92M | 180.53M | 167.2M | 229.52M | 280.71M | 281.45M | 298.15M | 206.92M | 36.69M | -4.86M | 22.8M |
| Operating Margin % | 22.43% | 15.77% | 17.24% | 14.99% | 13.77% | 17.2% | 30.43% | 31.54% | 29.68% | 15.5% | 25.69% | 32.74% | 47.01% | 48.94% | 57.07% | 44.24% | 13.73% | -1.99% | 12.03% |
| Operating Income Growth % | 99.51% | 2.04% | -53.81% | -68.3% | -67.6% | -49.23% | 30.99% | 14.21% | -17.02% | -35.86% | -43.92% | 10.92% | 665.02% | 5894.71% | 1207.67% | - | - | - | - |
| EBITDA | 198.62M | 142.89M | 153.25M | 134.17M | 125.09M | 144.17M | 272.63M | 316.98M | 287.05M | 234.24M | 220.65M | 281.39M | 332.7M | 315.78M | 351.76M | 259.9M | 85.68M | 19.27M | 52.69M |
| EBITDA Margin % | 29.59% | 24.09% | 26.11% | 24.21% | 22.83% | 27.06% | 37.88% | 38.14% | 36.57% | 20.11% | 33.91% | 40.14% | 55.72% | 54.91% | 67.34% | 55.56% | 32.05% | 7.89% | 27.8% |
| EBITDA Growth % | 58.78% | -0.89% | -43.79% | -57.67% | -56.42% | -38.45% | 23.56% | 12.65% | -13.72% | -25.82% | -37.27% | 8.27% | 288.32% | 1538.56% | 567.62% | - | - | - | - |
| D&A (Non-Cash Add-back) | 48.07M | 49.36M | 52.08M | 51.08M | 49.63M | 52.51M | 53.62M | 54.85M | 54.13M | 53.71M | 53.46M | 51.87M | 51.99M | 34.33M | 53.61M | 52.97M | 48.98M | 24.13M | 29.89M |
| EBIT | 192.85M | 93.53M | 102.19M | 90.47M | 78.97M | 93.22M | 226.49M | 273.98M | 237.14M | 181.92M | 170.95M | 236.29M | 287.76M | 282.34M | 308.13M | 213.37M | 37.37M | 7.68M | -9.4M |
| Net Interest Income | -9.99M | -9.34M | -7.25M | -12.35M | -11.7M | -12.29M | -5.88M | -9.92M | -19.99M | -7.54M | -22.1M | -19.83M | -27.36M | -25.35M | -22.78M | -23.6M | -15.7M | -11.91M | -10.69M |
| Interest Income | 2.34M | 4.67M | 2.75M | 377.23K | 2.66M | 4.43M | 3.81M | 3.29M | 2.73M | 3.34M | 3.98M | 5.5M | 4.8M | 3.5M | 1.53M | 992.47K | 903.87K | 958.29K | 758.81K |
| Interest Expense | 12.33M | 14.01M | 9.99M | 12.72M | 14.36M | 16.72M | 9.69M | 13.21M | 22.72M | 10.88M | 26.07M | 25.33M | 32.16M | 28.85M | 24.31M | 24.59M | 16.67M | 12.87M | 11.46M |
| Other Income/Expense | 29.96M | 13.9M | -8.97M | -5.09M | -10.85M | -12.09M | -2.21M | -1.37M | -11.61M | -2.21M | -19.33M | -14.74M | -22.15M | -16.26M | -16.51M | -17.53M | -14.65M | -1.25M | -42.1M |
| Pretax Income | 180.52M | 107.42M | 92.2M | 78M | 64.61M | 79.57M | 216.8M | 260.77M | 221.31M | 178.32M | 147.87M | 214.78M | 258.56M | 265.19M | 281.64M | 189.39M | 22.04M | -6.1M | -19.3M |
| Pretax Margin % | 26.89% | 18.11% | 15.71% | 14.07% | 11.79% | 14.93% | 30.12% | 31.37% | 28.2% | 15.31% | 22.72% | 30.64% | 43.3% | 46.11% | 53.92% | 40.49% | 8.25% | -2.5% | -10.18% |
| Income Tax | 788K | -2.28M | 699K | 2.66M | 1.42M | -61K | 1.16M | 1.57M | 1.74M | 1.88M | 932K | 1.51M | 1.92M | 1.4M | 1.36M | 3.19M | 732K | 1.79M | 1.4M |
| Effective Tax Rate % | 0.44% | -2.13% | 0.76% | 3.41% | 2.2% | -0.08% | 0.54% | 0.6% | 0.79% | 1.06% | 0.63% | 0.7% | 0.74% | 0.53% | 0.48% | 1.68% | 3.32% | -29.33% | -7.25% |
| Net Income | 179.73M | 109.71M | 91.5M | 75.33M | 63.19M | 79.63M | 215.63M | 259.2M | 219.57M | 176.44M | 146.94M | 213.27M | 256.63M | 263.8M | 280.28M | 186.2M | 21.31M | -7.9M | -20.74M |
| Net Margin % | 26.78% | 18.49% | 15.59% | 13.59% | 11.53% | 14.94% | 29.96% | 31.18% | 27.97% | 15.15% | 22.58% | 30.43% | 42.98% | 45.87% | 53.65% | 39.81% | 7.97% | -3.23% | -10.94% |
| Net Income Growth % | 184.43% | 37.77% | -57.57% | -70.94% | -71.22% | -54.87% | 46.75% | 21.54% | -14.44% | -33.12% | -47.57% | 14.53% | 1104.24% | 3440.02% | 1451.66% | - | - | - | - |
| Net Income (Continuing) | 179.73M | 109.71M | 91.5M | 75.33M | 63.19M | 79.63M | 215.63M | 259.2M | 219.57M | 176.44M | 146.94M | 213.27M | 256.63M | 263.8M | 280.28M | 186.2M | 21.31M | -7.89M | -20.7M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.36 | 0.22 | 0.18 | 0.15 | 0.13 | 0.15 | 0.42 | 0.50 | 0.42 | 0.37 | 0.28 | 0.42 | 0.49 | 0.56 | 0.53 | 0.38 | 0.05 | -0.02 | -0.06 |
| EPS Growth % | 176.92% | 46.67% | -57.14% | -70% | -69.05% | -59.46% | 50% | 19.05% | -14.29% | -33.93% | -47.17% | 10.53% | 900% | 2704.65% | 1026.57% | - | - | - | - |
| EPS (Basic) | 0.36 | 0.22 | 0.19 | 0.15 | 0.13 | 0.16 | 0.42 | 0.51 | 0.42 | 0.37 | 0.29 | 0.42 | 0.50 | 0.57 | 0.55 | 0.39 | 0.05 | -0.02 | -0.06 |
| Diluted Shares Outstanding | 505.32M | 504.11M | 504.07M | 503.99M | 503.95M | 515.11M | 515.36M | 514.83M | 509.75M | 508.69M | 506.68M | 507.38M | 509.16M | 489.08M | 481.48M | 465.76M | 436.63M | 363.16M | 363.16M |
| Basic Shares Outstanding | 498.57M | 498.18M | 498.24M | 498.37M | 498.75M | 510.1M | 513.42M | 509.16M | 509.75M | 505.14M | 504.86M | 504.15M | 502.33M | 477.89M | 470.37M | 455.46M | 426.34M | 363.16M | 363.16M |
| Dividend Payout Ratio | 48.99% | 67.01% | 65.85% | 67.09% | 23.16% | 242.82% | 96.15% | 67.77% | 56.26% | 58.31% | 87.11% | 72.24% | 62.04% | 53.13% | 33.22% | 5.64% | - | - | - |