Hafnia Limited (HAFN) Revenue History
Annual and quarterly revenue from 2016 to 2025
Compound Annual Growth Rate (CAGR)
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HAFN Revenue Growth
Revenue Breakdown (FY 2024)
HAFN's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
HAFN Revenue Analysis (2016–2025)
As of May 8, 2026, Hafnia Limited (HAFN) generated trailing twelve-month (TTM) revenue of $2.28 billion, reflecting strong growth of +11.3% year-over-year. The most recent quarter (Q4 2025) recorded $593.2 million in revenue, up 1.1% sequentially.
Looking at the longer-term picture, HAFN's 5-year compound annual growth rate (CAGR) stands at +21.9%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $2.87 billion in 2024.
Revenue diversification analysis shows HAFN's business is primarily driven by Non lease component (100%). With over half of revenue concentrated in Non lease component, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including STNG (-2.8% YoY), TRMD (-21.3% YoY), and INSW (-21.5% YoY), HAFN has outperformed the peer group in terms of revenue growth. Compare HAFN vs STNG →
HAFN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HAFNCurrent | $2.3B | +11.3% | +21.9% | 14.3% | |
 STNG | $938M | -2.8% | +0.5% | 33.0% | |
 TRMD | $1.6B | -21.3% | +17.6% | 42.3% | |
 INSW | $843M | -21.5% | +14.9% | 36.3% | |
 ASC | $310M | -23.6% | +7.1% | 26.1% | |
 FRO | $2.1B | -13.4% | +16.5% | 38.1% |
HAFN Historical Revenue Data (2016–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.35B | -18.1% | $423.2M | 18.0% | $335.8M | 14.3% |
| 2024 | $2.87B | +7.4% | $849.6M | 29.6% | $805.7M | 28.1% |
| 2023 | $2.67B | +38.7% | $852.1M | 31.9% | $857.9M | 32.1% |
| 2022 | $1.93B | +137.5% | $840.4M | 43.6% | $823.2M | 42.7% |
| 2021 | $811.2M | -7.2% | $187.6M | 23.1% | $-4,857,000 | -0.6% |
| 2020 | $874.1M | +5.6% | $239.1M | 27.4% | $193.6M | 22.1% |
| 2019 | $827.9M | +124.7% | $181.3M | 21.9% | $145.6M | 17.6% |
| 2018 | $368.4M | +6.3% | $42.3M | 11.5% | $12.2M | 3.3% |
| 2017 | $346.5M | +14.6% | $28.2M | 8.2% | $29.9M | 8.6% |
| 2016 | $302.3M | - | $27.6M | 9.1% | $-166,387,000 | -55.0% |
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Start ComparisonHAFN — Frequently Asked Questions
Quick answers to the most common questions about buying HAFN stock.
Is HAFN's revenue growth accelerating or slowing?
HAFN maintains +11.3% revenue growth, in line with its 5-year CAGR of +21.9%. TTM revenue stands at $2.3B. Growth rate remains consistent with historical average.
What is HAFN's long-term revenue growth rate?
Hafnia Limited's 5-year revenue CAGR of +21.9% reflects the sustained expansion pattern. Current YoY growth of +11.3% is near this long-term average.
How is HAFN's revenue distributed by segment?
HAFN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2016-2025 are available for download. Segment mix reveals concentration and diversification trends.