Hafnia (HAFN) Cost of Revenue (2023 - 2025)
Hafnia (HAFN) reported Cost of Revenue of $72.1 million for Q4 2025, up 4.35% year-over-year from $69.1 million in Q4 2024, and down 1.48% quarter-over-quarter from $73.2 million in Q3 2025.
Hafnia (HAFN) Cost of Revenue (2023 - 2025) Analysis & Trends
Hafnia (HAFN) has 3 years of Cost of Revenue data on file, last reported at $72.1 million in Q4 2025.
- Cost of Revenue for Q4 2025 came in at $72.1 million, up 4.35% year-over-year; the trailing twelve-month figure through Dec 2025 was $282.1 million (up 1.47% YoY), and the FY2025 annual result was $282.1 million, up 1.47% from the prior year.
- Cost of Revenue retreated to $72.1 million in Q4 2025 per HAFN's latest filing, from $73.2 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $73.2 million in Q3 2025 and troughed at $64.7 million in Q1 2023.
- A 3-year average of $69.1 million and a median of $69.1 million in 2024 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue increased 7.69% in 2024, then fell 2.2% in 2025.
- A 3-year view of Cost of Revenue shows it stood at $67.7 million in 2023, then rose by 2.1% to $69.1 million in 2024, then advanced by 4.35% to $72.1 million in 2025.
- Business Quant data shows HAFN's Cost of Revenue at $72.1 million in Q4 2025, $73.2 million in Q3 2025, and $68.7 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | C3is | 744.65 Bn | 744.65 Bn | 9.11 Mn | 2.46 Mn |
| 2 | Kirby | 7.86 Bn | 7.78 Bn | 291.34 Mn | 560.44 Mn |
| 3 | Matson | 5.69 Bn | 5.59 Bn | - | - |
| 4 | Hafnia | 3.63 Bn | 3.52 Bn | 152.41 Mn | 72.13 Mn |
| 5 | Star Bulk Carriers | 3.14 Bn | 3.13 Bn | 371.22 Mn | -70.64 Mn |
| 6 | ZIM Integrated Shipping Services | 3.12 Bn | 1.01 Bn | 57.20 Mn | 1.03 Bn |
| 7 | Costamare | 1.93 Bn | 1.42 Bn | - | - |
| 8 | Navios Maritime Partners | 1.87 Bn | 1.47 Bn | 262.01 Mn | 95.00 Mn |
| 9 | Global Ship Lease | 1.37 Bn | 1.37 Bn | - | - |
| 10 | Capital Clean Energy Carriers | 1.33 Bn | 792.93 Mn | 78.44 Mn | 19.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 72.13 Mn |
| Dec 31, 2025 | 72.13 Mn |
| Sep 30, 2025 | 73.22 Mn |
| Sep 30, 2025 | 73.22 Mn |
| Jun 30, 2025 | 68.68 Mn |
| Jun 30, 2025 | 68.68 Mn |
| Mar 31, 2025 | 68.10 Mn |
| Mar 31, 2025 | 68.10 Mn |
| Dec 31, 2024 | 69.13 Mn |
| Dec 31, 2024 | 69.13 Mn |
| Sep 30, 2024 | 70.22 Mn |
| Sep 30, 2024 | 70.22 Mn |
| Jun 30, 2024 | 69.06 Mn |
| Jun 30, 2024 | 69.06 Mn |
| Mar 31, 2024 | 69.63 Mn |
| Mar 31, 2024 | 69.63 Mn |
| Dec 31, 2023 | 67.70 Mn |
| Dec 31, 2023 | 67.70 Mn |
| Sep 30, 2023 | 71.02 Mn |
| Sep 30, 2023 | 71.02 Mn |