Hafnia (HAFN) Cost of Revenue (2023 - 2026)
Hafnia's (HAFN) quarterly Cost of Revenue came in at $132.8 million in Q2 2026, up 15.03% year-over-year from $115.4 million in Q2 2025, and up 66.32% quarter-over-quarter from $79.8 million in Q1 2026.
Analysis
Hafnia (HAFN) Cost of Revenue (2023 - 2026) Analysis & Trends
Hafnia (HAFN) has reported Cost of Revenue for 4 consecutive years, with $132.8 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue rose 15.03% year-over-year to $132.8 million in Q2 2026; TTM through Jun 2026 was $373.0 million, a 1.92% increase from a year earlier, with the FY2025 full-year figure at $466.0 million, down 14.4% from the prior year.
- Cost of Revenue was $132.8 million for Q2 2026 at Hafnia, up from $79.8 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $145.7 million in Q2 2024 and troughed at $42.8 million in Q1 2023.
- A 4-year average of $89.2 million and a median of $80.4 million in 2023 frame the typical range for Cost of Revenue.
- Across the five-year window, Cost of Revenue jumped 96.98% in 2024 and decreased 20.81% in 2025, its largest moves.
- Over 4 years, Cost of Revenue stood at $80.5 million in 2023, then gained by 4.36% to $84.0 million in 2024, then fell by 4.57% to $80.2 million in 2025, then surged by 65.62% to $132.8 million in 2026.
- The last three Cost of Revenue figures came in at $132.8 million (Q2 2026), $79.8 million (Q1 2026), and $80.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.35 Bn | 10.03 Bn | - | - |
| 2 | Kirby | 7.39 Bn | 7.35 Bn | 290.80 Mn | 631.60 Mn |
| 3 | Matson | 6.76 Bn | 6.64 Bn | - | - |
| 4 | International Seaways | 5.13 Bn | 5.13 Bn | 467.16 Mn | 129,000.00 |
| 5 | Hafnia | 4.45 Bn | 4.17 Bn | 372.91 Mn | 132.75 Mn |
| 6 | Cmb.Tech | 4.42 Bn | 4.26 Bn | 970.62 Mn | 252.96 Mn |
| 7 | Scorpio Tankers | 3.80 Bn | 1.97 Bn | 343.91 Mn | 64.83 Mn |
| 8 | ZIM Integrated Shipping Services | 3.60 Bn | 2.57 Bn | 255.00 Mn | 1.21 Bn |
| 9 | Star Bulk Carriers | 3.56 Bn | 3.00 Bn | 299.80 Mn | 57.61 Mn |
| 10 | Torm | 3.44 Bn | 94.67 Mn | 652.00 Mn | 10.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 132.75 Mn |
| Mar 31, 2026 | 79.82 Mn |
| Dec 31, 2025 | 80.15 Mn |
| Sep 30, 2025 | 80.24 Mn |
| Jun 30, 2025 | 115.41 Mn |
| Mar 31, 2025 | 86.22 Mn |
| Dec 31, 2024 | 84.00 Mn |
| Sep 30, 2024 | 80.32 Mn |
| Jun 30, 2024 | 145.74 Mn |
| Mar 31, 2024 | 84.21 Mn |
| Dec 31, 2023 | 80.48 Mn |
| Sep 30, 2023 | 79.51 Mn |
| Jun 30, 2023 | 77.01 Mn |
| Mar 31, 2023 | 42.75 Mn |