Hafnia Limited

HAFNNYSEIndustrials● Active

$7.28

+$0.02(+0.28%)

Market Cap$3.6B

P/E Ratio—

52W High$9.535

52W Low$4.9

Avg Volume2.0M

Open$7.20

Beta-0.17

Overview

Hafnia Limited (HAFN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

HAFN · free cash flow · updated Jun 8, 2026

Core FCF metrics

HAFN · FCF · TTM · margin & CAGR

Free cash flow was $411.5M for FY2025 (fiscal year ending 2025-12-31), down 58.0% year-over-year The FCF margin was 17.5%. Five-year CAGR stands at +3.3%.

FY2025 Free Cash Flow$411.5M▼ -58.0% YoY

Trailing 12M (TTM)$440.8Mtrailing 4 quarters sum

FCF Margin17.5%$411.5M ÷ revenue

3-Year CAGR+8.3%FY2022 → FY2025

5-Year CAGR+3.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

HAFN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$562.0M(150M)$411.5M▼ 58.0%17.5%

FY2024$1.03B(50M)$980.7M▲ +11.9%34.2%

FY2023$1.06B(184M)$876.4M▲ +170.9%32.8%

FY2022$770.9M(447M)$323.5M▲ +307.4%16.8%

FY2021$106.4M(27M)$79.4M▼ 77.3%9.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

HAFN · P/FCF · FCF yield · FCF per share

Hafnia Limited (HAFN) trades at a FCF yield of 12.11% and a price-to-free-cash-flow ratio of 8.3x. FCF per share stands at $0.88, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

12.11%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.88

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x10.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

HAFN · cash flow statement · operating / investing / financing

For FY2025, Hafnia Limited generated $562.0M in operating cash flow and spent 150M in capital expenditures, yielding $411.5M in free cash flow.

Operating Activities

+$562.0M

Cash from core business operations

2025-12-31

Investing Activities

−$386.8M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$268.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($562.0M) − |CapEx| (150M) = FCF ($411.5M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Industrials)

HAFN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Hafnia LimitedYOU

HAFN

$411.5M-58.0%17.5%

Union Pacific Corporation

Industrials · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Hafnia Limited (HAFN) reported free cash flow of $411.5M for FY2025 (fiscal year ending 2025-12-31), down 58.0% year-over-year. The FCF margin was 17.5%.

Based on available data, Hafnia Limited has maintained positive free cash flow for at least 7 fiscal year(s). FCF peaked at $980.7M in FY2024. The 5-year CAGR stands at +3.3%.

Hafnia Limited's FCF yield is 12.11% and price-to-FCF ratio is 8.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

HAFN free cash flow · 8 questions

Hafnia Limited free cash flow was $411.5M for FY2025, down 58.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $440.8M.

HAFN free cash flowHAFN FCFHAFN FCF 2025HAFN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Hafnia Limited · Hafnia Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026