Hafnia (HAFN) Non-cash Items (2023 - 2025)
Hafnia (HAFN) posted quarterly Non-cash Items of $192.6 million for Q4 2025, down 32.09% year-over-year from $283.6 million in Q4 2024, and down 6.78% quarter-over-quarter from $206.6 million in Q3 2025.
Hafnia (HAFN) Non-cash Items (2023 - 2025) Analysis & Trends
Hafnia (HAFN) has reported Non-cash Items for 3 consecutive years, with $192.6 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Non-cash Items fell 32.09% year-over-year to $192.6 million; the TTM figure through Dec 2025 stood at $980.6 million (down 6.71% YoY), while the FY2025 annual figure was $192.6 million, down 32.09% from the prior year.
- Non-cash Items slipped to $192.6 million in Q4 2025 per HAFN's latest filing, from $206.6 million in the prior quarter.
- Across five years, Non-cash Items topped out at $313.3 million in Q2 2025 and bottomed at $192.6 million in Q4 2025.
- Historically, Non-cash Items has averaged $248.9 million across 3 years, with a median of $262.2 million in 2023.
- Annual changes were most pronounced in 2024 — Non-cash Items surged 30.21% — and 2025, when it tumbled 32.09%.
- Hafnia's Non-cash Items stood at $222.5 million in 2023, then increased by 27.43% to $283.6 million in 2024, then plunged by 32.09% to $192.6 million in 2025.
- Business Quant data shows HAFN's Non-cash Items at $192.6 million in Q4 2025, $206.6 million in Q3 2025, and $313.3 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Kirby | 7.52 Bn | 7.48 Bn | 290.80 Mn |
| 2 | Matson | 6.59 Bn | 6.47 Bn | - |
| 3 | Hafnia | 3.92 Bn | 3.81 Bn | 152.41 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 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 |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn |
| 10 | Sfl | 1.65 Bn | 1.50 Bn | 106.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 192.58 Mn |
| Dec 31, 2025 | 192.58 Mn |
| Sep 30, 2025 | 206.59 Mn |
| Sep 30, 2025 | 206.59 Mn |
| Jun 30, 2025 | 313.31 Mn |
| Jun 30, 2025 | 313.31 Mn |
| Mar 31, 2025 | 268.16 Mn |
| Mar 31, 2025 | 268.16 Mn |
| Dec 31, 2024 | 283.57 Mn |
| Dec 31, 2024 | 283.57 Mn |
| Sep 30, 2024 | 288.38 Mn |
| Sep 30, 2024 | 288.38 Mn |
| Jun 30, 2024 | 262.58 Mn |
| Jun 30, 2024 | 262.58 Mn |
| Mar 31, 2024 | 216.62 Mn |
| Mar 31, 2024 | 216.62 Mn |
| Dec 31, 2023 | 222.52 Mn |
| Dec 31, 2023 | 222.52 Mn |
| Sep 30, 2023 | 221.46 Mn |
| Sep 30, 2023 | 221.46 Mn |