Hafnia (HAFN) Operating Expenses (2023 - 2025)

Hafnia's (HAFN) quarterly Operating Expenses came in at -$49.2 million in Q4 2025, up 6.05% year-on-year from -$46.4 million in Q4 2024, and up 5.27% on a QoQ basis from -$52.0 million in Q3 2025.

Hafnia (HAFN) Operating Expenses (2023 - 2025) Analysis & Trends

Hafnia (HAFN) has 3 years of Operating Expenses data on file, last reported at -$49.2 million in Q4 2025.

  • On a quarterly basis, Operating Expenses rose 6.05% year-over-year to -$49.2 million in Q4 2025; TTM through Dec 2025 was -$201.7 million, a 12.68% increase from a year earlier, with the FY2025 full-year figure at -$201.7 million, up 5.88% from the prior year.
  • Operating Expenses for Q4 2025 stood at -$49.2 million, up from -$52.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for HAFN reached as high as $36.9 million in Q1 2023 and fell as low as -$70.5 million in Q1 2024.
  • Historically, Operating Expenses has averaged -$46.2 million across 3 years, with a median of -$52.2 million in 2024.
  • Across the five-year window, Operating Expenses slumped 290.83% in 2024 and grew 29.74% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at -$53.4 million in 2023, then grew by 1.84% to -$52.4 million in 2024, then increased by 6.05% to -$49.2 million in 2025.
  • Per Business Quant data, the three most recent Operating Expenses figures were -$49.2 million in Q4 2025, -$52.0 million in Q3 2025, and -$51.0 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 ZIM Integrated Shipping Services 3,084,216.90 Bn 3,084,215.99 Bn 57.20 Mn -403.80 Mn
2 Danaos 37,407.52 Bn 37,406.64 Bn 203.71 Mn -15.99 Mn
3 Sfl 1,574.06 Bn 1,573.91 Bn 66.27 Mn 129.63 Mn
4 Capital Clean Energy Carriers 37.96 Bn 37.42 Bn 95.52 Mn 3.47 Mn
5 Kirby 9.76 Bn 9.69 Bn 291.34 Mn 722.10 Mn
6 Matson 6.49 Bn 6.39 Bn - 623.90 Mn
7 C3is 5.03 Bn 5.03 Bn 10.51 Mn 6.31 Mn
8 Hafnia 3.79 Bn 3.79 Bn 152.41 Mn -49.23 Mn
9 Intercont (Cayman) 3.29 Bn 3.29 Bn - -
10 Star Bulk Carriers 3.08 Bn 2.59 Bn 493.84 Mn -412.62 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -49.23 Mn
Sep 30, 2025 -51.97 Mn
Jun 30, 2025 -50.98 Mn
Mar 31, 2025 -49.53 Mn
Dec 31, 2024 -52.40 Mn
Sep 30, 2024 -53.52 Mn
Jun 30, 2024 -54.60 Mn
Mar 31, 2024 -70.49 Mn
Dec 31, 2023 -53.39 Mn
Sep 30, 2023 -53.14 Mn
Jun 30, 2023 -51.55 Mn
Mar 31, 2023 36.94 Mn