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
DateValue
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