Mr was Hafnia’s largest segment in fiscal 2025, bringing in $1.15B of $2.28B (50%).
| Segment | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Mr | $861.68M | $1.18B | $1.35B | $1.15B |
| Lr1 | $638.14M | $824.82M | $841.34M | $604.37M |
| Handy | $299.16M | $493.46M | $462.33M | $340.08M |
| Lr2 | $97.96M | $166.39M | $211.56M | $186.19M |
| Chemical Stainless | $29.61M | -$226.00K | — | — |
| Specialised | — | $2.37M | — | — |
| Total | $1.93B | $2.67B | $2.87B | $2.28B |
Hafnia brought in $2.28B from its four segments in fiscal 2025, the year ended December 31, 2025. That was down 20.5% from $2.87B in fiscal 2024. Mr was the largest at $1.15B (50.5%), ahead of Lr1 at $604.37M (26.5%) and Handy at $340.08M (14.9%). The remaining segment, Lr2, brought in $186.19M.
Compared with fiscal 2024, every segment above 2% of revenue shrank. Lr2 held up best, down 12.0% to $186.19M, and Lr1 fell the most, down 28.2% to $604.37M.
Hafnia stopped reporting Specialised as a separate segment after fiscal 2023, when it brought in $2.37M.
Revenue From Voyage Charter was Hafnia’s largest revenue line in fiscal 2025, bringing in $1.25B of $2.28B (55%).
| Products and services [axis] | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Revenue From Voyage Charter | $1.85B | $1.78B | $1.80B | $1.25B |
| External Vessels In Disponent-Owner Pools | — | $756.23M | $933.05M | $860.08M |
| Lease Component | $48.32M | $94.08M | $92.18M | $113.84M |
| Non Lease Component | — | $40.36M | $40.33M | $55.30M |
| Non-Lease Component | $25.50M | — | — | — |
| Total | $1.93B | $2.67B | $2.87B | $2.28B |
Hafnia brought in $2.28B from its four revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 20.5% from $2.87B in fiscal 2024. Revenue From Voyage Charter was the largest at $1.25B (54.9%), ahead of External Vessels In Disponent-Owner Pools at $860.08M (37.7%) and Lease Component at $113.84M (5.0%). The remaining revenue line, Non Lease Component, brought in $55.30M.
Compared with fiscal 2024, Non Lease Component grew fastest, up 37.1% to $55.30M, while Revenue From Voyage Charter fell the most, down 30.5% to $1.25B.
Hafnia began breaking out External Vessels In Disponent-Owner Pools in fiscal 2023 and Non Lease Component in fiscal 2023. Hafnia stopped reporting Non-Lease Component as a separate revenue line after fiscal 2022, when it brought in $25.50M.
Hafnia (HAFN) reports its revenue by segment and by products and services [axis]. In fiscal 2025, Mr was its largest segment, bringing in $1.15B (50.5% of the total), followed by Lr1 at $604.37M (26.5%).
Mr was Hafnia's largest segment in fiscal 2025, bringing in $1.15B, or 50.5% of the $2.28B total across its four segments.
Revenue From Voyage Charter was Hafnia's largest revenue line in fiscal 2025, bringing in $1.25B, or 54.9% of the $2.28B total across its four revenue lines.
Among Hafnia's revenue lines that make up at least 2% of revenue, Non Lease Component grew fastest in fiscal 2025, up 37.1% from $40.33M to $55.30M.
Every figure comes from Hafnia's annual financial filings, as reported. Each line keeps the name Hafnia gives it, and years follow its fiscal calendar.
Hafnia's revenue by segment goes back to fiscal 2022, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.