Hafnia (HAFN) Capital Expenditures (2023 - 2025)
Hafnia (HAFN) posted quarterly Capital Expenditures of -$33.9 million for Q4 2025, down 155.97% year-over-year from $60.5 million in Q4 2024, and up 23.05% quarter-over-quarter from -$44.0 million in Q3 2025.
Hafnia (HAFN) Capital Expenditures (2023 - 2025) Analysis & Trends
Hafnia (HAFN) has reported Capital Expenditures for 3 consecutive years, with -$33.9 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Capital Expenditures fell 155.97% year-over-year to -$33.9 million; the TTM figure through Dec 2025 stood at -$146.2 million (down 194.75% YoY), while the FY2025 annual figure was $146.2 million, up 194.76% from the prior year.
- Capital Expenditures rose to -$33.9 million in Q4 2025 per HAFN's latest filing, from -$44.0 million in the prior quarter.
- Across five years, Capital Expenditures topped out at -$7.7 million in Q3 2024 and bottomed at -$93.8 million in Q2 2023.
- Historically, Capital Expenditures has averaged -$34.4 million across 3 years, with a median of -$33.9 million in 2025.
- Annual changes were most pronounced in 2024 — Capital Expenditures jumped 85.82% — and 2025, when it tumbled 471.43%.
- Hafnia's Capital Expenditures stood at -$46.1 million in 2023, then jumped by 71.29% to -$13.2 million in 2024, then plunged by 155.97% to -$33.9 million in 2025.
- Business Quant data shows HAFN's Capital Expenditures at -$33.9 million in Q4 2025, -$44.0 million in Q3 2025, and -$41.0 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 14.40 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 169.50 Mn |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | -33.86 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -31.30 Mn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | - |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | - |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | -119.59 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | 360.71 Mn |
| 10 | Sfl | 1.65 Bn | 1.50 Bn | 106.91 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -33.86 Mn |
| Dec 31, 2025 | -33.86 Mn |
| Sep 30, 2025 | -44.00 Mn |
| Sep 30, 2025 | -44.00 Mn |
| Jun 30, 2025 | -41.02 Mn |
| Jun 30, 2025 | -41.02 Mn |
| Mar 31, 2025 | -27.32 Mn |
| Mar 31, 2025 | -27.32 Mn |
| Dec 31, 2024 | -13.23 Mn |
| Dec 31, 2024 | -13.23 Mn |
| Sep 30, 2024 | -7.70 Mn |
| Sep 30, 2024 | -7.70 Mn |
| Jun 30, 2024 | -13.31 Mn |
| Jun 30, 2024 | -13.31 Mn |
| Mar 31, 2024 | -15.37 Mn |
| Mar 31, 2024 | -15.37 Mn |
| Dec 31, 2023 | -46.07 Mn |
| Dec 31, 2023 | -46.07 Mn |
| Sep 30, 2023 | -42.42 Mn |
| Sep 30, 2023 | -42.42 Mn |