HAFN · NYSE · Marine Shipping

Hafnia (HAFN)

Operates product and chemical tankers through integrated shipping and commercial services.

$9.39
vs last close−0.32 (−3.35%)
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Hafnia LimitedHAFN
Industrials

Product and chemical tanker operations sit alongside commercial pools, technical management, chartering and bunker services. The 2019 BW Tankers–Hafnia Tankers combination created the current platform, later expanded with specialized chemical tankers.

Owns and operates product and chemical tankers through an integrated platform that combines technical management, commercial and chartering services, pool management, and a bunker desk. The 2019 combination brought together BW Tankers and Hafnia Tankers, while the CTI transaction expanded the specialized chemical-tanker fleet.

Operations are international and span more than 200 vessels globally. The business also includes commercial pools and the Seascale Energy marine-fuel-procurement venture with Cargill. BW Group remains a significant shareholder, and the platform’s shape reflects the 2019 merger, later fleet additions, and its dual Oslo–NYSE listing.

Company facts

CEOMikael Skov
ListedApr 9, 2024
ExchangeNYSE
HeadquartersSingapore, Singapore
CountrySingapore
Employees4,876
CIK0001815779
ISINSGXZ53070850

Market cap$4.85B
EPS (ttm)$1.28
P/E (ttm)7.59
ROE26.2%
P/B1.83
P/S1.85
Dividend yieldDiv yield12.89%
Beta0.17vs XLI −0.06

Price target$12.00+23.6%Average of 2 analysts
ConsensusBuy2 of 2 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 18, 2026BTIGReiterate
Rating: Target: $10
Rating: BuyTarget: $12

Next report
Nov 18, 26
in 57 days
EPS estimate
$0.32
Revenue estimate
$291.0M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Dec '25Feb '26May '26Aug '26Nov '26
Reported$0.15$0.13$0.15$0.18$0.22$0.36$0.49Pending
Estimate$0.13$0.12$0.14$0.22$0.21$0.30$0.54$0.32
Surprise+15.4%+8.3%+7.1%−18.2%+3.1%+21.6%−10.0%

RevenueReportedEstimate

Feb '25May '25Aug '25Dec '25Feb '26May '26Aug '26Nov '26
Reported$532.9M$547.9M$554.2M$586.9M$259.0M$282.5M$372.9MPending
Estimate$244.9M$243.3M$256.8M$265.5M$258.7M$298.6M$394.6M$291.0M
Surprise+117.6%+125.2%+115.8%+121.1%+0.1%−5.4%−5.5%
Estimate$0.32
ReportedDue Nov 18, 2026
Estimate$291.0M
ReportedDue Nov 18, 2026
View details

Debt to equity33.40%
Current ratio165.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$719.7M$532.9M$547.9M$554.2M$586.9M$593.2M$671.2M$776.8M
Net income$215.6M$79.6M$63.2M$75.3M$91.5M$109.7M$179.7M$264.5M
Net margin30.0%14.9%11.5%13.6%15.6%18.5%26.8%34.1%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$219.0M$91.7M$75.5M$83.1M$101.2M$93.5M$150.6M$211.3M
YoY growth+31.0%−49.2%−67.6%−68.3%−53.8%+2.0%+99.5%+154.4%

Balance sheet, Jun 30, 2026Cash & short-term investments $352.6M · Total debt $883.9M · Total assets $3.96B · Shareholders' equity $2.65B

Revenue
$776.8M
Operating income
$211.3M
Net income
$264.5M
View details

Dividend yield
12.89%
Next ex-date
Dec 8, 26
estimated · in 77 days
Annual dividend
$1.25
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yield

Mar '25May '25Sep '25Dec '25Mar '26Jun '26Jun '26Sep '26
Dividend$0.0294$0.1015$0.121$0.147$0.1762$0.2877$0.2877$0.5003
Annual yield32.04%17.80%10.41%6.97%7.71%9.47%12.38%13.97%
Ex-dateMar 7May 23Sep 4Dec 9Mar 6Jun 3Jun 4Sep 8
Payment dateMar 13May 30Sep 10Dec 16Mar 13Jun 16Jun 16Sep 18
View details

Institutions≈ 18.76%93.75M shares
166 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders6.46%32.31M shares
5 holders · as of Apr 14, 2026
Strategic holders45.31%226.44M shares
1 holder · as of May 28, 2025
Other≈ 29.47%147.28M shares
remainder

499.78M company shares as of Sep 4, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BW Group LimitedStrategic
45.31%226.44Mfiled May 28, 2025
FolketrygdfondetInsider
6.15%30.73Mfiled Nov 13, 2024
MHR Fund Management LLCInstitution
4.09%20.45Mas of Jun 30, 2026
Arrowstreet Capital, Limited PartnershipInstitution
2.10%10.48Mas of Jun 30, 2026
Acadian Asset Management LLCInstitution
1.60%8.02Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Apr 13, 2026Mikael Opstun Skovofficer: Chief Executive Officer−500,000$8.11
Apr 10, 2026Mikael Opstun Skovofficer: Chief Executive Officer−500,000$8.12
Apr 7, 2026Petrus Wouter van Echteltofficer: Chief Financial Officer−90,000$8.22
View details

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Compare

CompanyPriceChange
Hafnia$9.39−3.35%$4.85B7.67.81.8−32.7%
Scorpio Tankers$84.09−2.46%$4.32B5.411.43.6+70.2%
TORM$35.31−4.88%$3.80B6.24.82.2+62.4%
Ardmore Shipping$18.26−1.83%$758.9M7.28.82.1+61.3%
International Seaways$105.47−3.33%$5.40B7.08.74.3+121.9%
Median6.68.82.9+66.3%