Hafnia (HAFN) Operating Income (2023 - 2025)
Hafnia (HAFN) posted quarterly Operating Income of $109.9 million for Q4 2025, up 19.86% year-over-year from $91.7 million in Q4 2024, and up 8.59% quarter-over-quarter from $101.2 million in Q3 2025.
Hafnia (HAFN) Operating Income (2023 - 2025) Analysis & Trends
Hafnia (HAFN) has reported Operating Income for 3 consecutive years, with $109.9 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Operating Income rose 19.86% year-over-year to $109.9 million; the TTM figure through Dec 2025 stood at $369.6 million (down 54.13% YoY), while the FY2025 annual figure was $369.6 million, down 54.13% from the prior year.
- Operating Income climbed to $109.9 million in Q4 2025 per HAFN's latest filing, from $101.2 million in the prior quarter.
- Across five years, Operating Income topped out at $280.7 million in Q1 2023 and bottomed at $75.5 million in Q1 2025.
- Historically, Operating Income has averaged $169.4 million across 3 years, with a median of $173.9 million in 2023.
- Annual changes were most pronounced in 2024 — Operating Income surged 30.99% — and 2025, when it sank 68.3%.
- Hafnia's Operating Income stood at $180.5 million in 2023, then sank by 49.23% to $91.7 million in 2024, then increased by 19.86% to $109.9 million in 2025.
- Business Quant data shows HAFN's Operating Income at $109.9 million in Q4 2025, $101.2 million in Q3 2025, and $83.1 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (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 | 109.86 Mn |
| 4 | ZIM Integrated Shipping Services | 3.47 Bn | 2.54 Bn | 57.20 Mn | -18.30 Mn |
| 5 | Star Bulk Carriers | 3.35 Bn | 2.85 Bn | - | - |
| 6 | Danaos | 2.66 Bn | 1.43 Bn | 217.68 Mn | 132.73 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 | 349.92 Mn |
| 9 | Costamare | 1.81 Bn | 1.43 Bn | 185.32 Mn | 227.25 Mn |
| 10 | Sfl | 1.65 Bn | 1.50 Bn | 106.91 Mn | -22.73 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 109.86 Mn |
| Sep 30, 2025 | 101.17 Mn |
| Jun 30, 2025 | 83.09 Mn |
| Mar 31, 2025 | 75.46 Mn |
| Dec 31, 2024 | 91.66 Mn |
| Sep 30, 2024 | 219.01 Mn |
| Jun 30, 2024 | 262.14 Mn |
| Mar 31, 2024 | 232.92 Mn |
| Dec 31, 2023 | 180.53 Mn |
| Sep 30, 2023 | 167.20 Mn |
| Jun 30, 2023 | 229.52 Mn |
| Mar 31, 2023 | 280.71 Mn |