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| Date | Value |
|---|---|
| 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 |