Hafnia (HAFN) EBITDA (2023 - 2025)
Hafnia (HAFN) posted quarterly EBITDA of $149.7 million for Q4 2025, up 14.15% year-over-year from $131.2 million in Q4 2024, and little changed quarter-over-quarter from $150.5 million in Q3 2025.
Hafnia (HAFN) EBITDA (2023 - 2025) Analysis & Trends
Hafnia (HAFN) has reported EBITDA for 3 consecutive years, with $149.7 million the latest figure, recorded in Q4 2025.
- In Q4 2025, EBITDA rose 14.15% year-over-year to $149.7 million; the TTM figure through Dec 2025 stood at $457.4 million (down 53.9% YoY), while the FY2025 annual figure was $559.5 million, down 43.62% from the prior year.
- EBITDA held at $149.7 million in Q4 2025 per HAFN's latest filing, from $150.5 million in the prior quarter.
- Across five years, EBITDA topped out at $317.1 million in Q2 2024 and bottomed at $32.1 million in Q2 2025.
- Historically, EBITDA has averaged $205.2 million across 3 years, with a median of $227.7 million in 2023.
- Annual changes were most pronounced in 2024 — EBITDA rose 21.23% — and 2025, when it slumped 89.87%.
- Hafnia's EBITDA stood at $234.5 million in 2023, then tumbled by 44.07% to $131.2 million in 2024, then increased by 14.15% to $149.7 million in 2025.
- Business Quant data shows HAFN's EBITDA at $149.7 million in Q4 2025, $150.5 million in Q3 2025, and $32.1 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn | 122.36 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - | 158.90 Mn |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn | 149.74 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -325.90 Mn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 90.95 Mn |
| 7 | Okeanis Eco Tankers | 2.43 Bn | 2.21 Bn | 12,231.53 Bn | 337.11 Mn |
| 8 | Navios Maritime Partners | 2.41 Bn | 2.00 Bn | 326.09 Mn | 212.70 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | 194.63 Mn |
| 10 | Sfl | 1.65 Bn | 1.50 Bn | 106.91 Mn | 31.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 149.74 Mn |
| Sep 30, 2025 | 150.48 Mn |
| Jun 30, 2025 | 32.11 Mn |
| Mar 31, 2025 | 125.09 Mn |
| Dec 31, 2024 | 131.17 Mn |
| Sep 30, 2024 | 257.01 Mn |
| Jun 30, 2024 | 317.08 Mn |
| Mar 31, 2024 | 287.05 Mn |
| Dec 31, 2023 | 234.53 Mn |
| Sep 30, 2023 | 220.79 Mn |
| Jun 30, 2023 | 261.56 Mn |
| Mar 31, 2023 | 296.01 Mn |