Hafnia Ltd (HAFNI) - Net Assets

Latest as of March 2026: Nkr2.54 Billion NOK ≈ $267.43 Million USD

Based on the latest financial reports, Hafnia Ltd (HAFNI) has net assets worth Nkr2.54 Billion NOK (≈ $267.43 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Nkr4.03 Billion ≈ $423.97 Million USD) and total liabilities (Nkr1.49 Billion ≈ $156.54 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check HAFNI strategic asset allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets Nkr2.54 Billion
% of Total Assets 63.08%
Annual Growth Rate 15.44%
5-Year Change 109.49%
10-Year Change 535.12%
Growth Volatility 38.16

Hafnia Ltd - Net Assets Trend (2015–2025)

This chart illustrates how Hafnia Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Hafnia Ltd stock valuation.

Annual Net Assets for Hafnia Ltd (2015–2025)

The table below shows the annual net assets of Hafnia Ltd from 2015 to 2025. Also explore Hafnia Ltd (HAFNI) equity growth momentum to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2025-12-31 Nkr2.33 Billion
≈ $245.14 Million		 +2.96%
2024-12-31 Nkr2.26 Billion
≈ $238.08 Million		 +1.56%
2023-12-31 Nkr2.23 Billion
≈ $234.42 Million		 +10.89%
2022-12-31 Nkr2.01 Billion
≈ $211.41 Million		 +80.66%
2021-12-31 Nkr1.11 Billion
≈ $117.02 Million		 -3.14%
2020-12-31 Nkr1.15 Billion
≈ $120.81 Million		 +2.64%
2019-12-31 Nkr1.12 Billion
≈ $117.70 Million		 +95.86%
2018-12-31 Nkr571.08 Million
≈ $60.09 Million		 +43.55%
2017-12-31 Nkr397.82 Million
≈ $41.86 Million		 +8.46%
2016-12-31 Nkr366.79 Million
≈ $38.60 Million		 -33.81%
2015-12-31 Nkr554.11 Million
≈ $58.31 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Hafnia Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

  • Retained earnings have grown by 136057800000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings Nkr1.33 Billion 56.94%
Common Stock Nkr1.09 Billion 46.92%
Total Equity Nkr2.33 Billion 100.00%

Hafnia Ltd Competitors by Market Cap

The table below lists competitors of Hafnia Ltd ranked by their market capitalization.

Company Market Cap
CNX Resources Corp
NYSE:CNX
 $4.62 Billion
Talkweb Information System Co Ltd
SHE:002261
 $4.62 Billion
Energisa S.A
SA:ENGI11
 $4.62 Billion
Bank BRISyariah Tbk PT
JK:BRIS
 $4.62 Billion
China Great Wall Securities Co Ltd Class A
SHE:002939
 $4.62 Billion
SCOR.ADR1/10/EO-78769723
F:SDRB
 $4.62 Billion
Marex Group plc Ordinary Shares
NASDAQ:MRX
 $4.62 Billion
Premier Energies Limited
NSE:PREMIERENE
 $4.61 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hafnia Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 2,262,506,000 to 2,329,587,000, a change of 67,081,000 (3.0%).
  • Net income of 339,682,000 contributed positively to equity growth.
  • Dividend payments of 198,639,000 reduced retained earnings.
  • Share repurchases of 27,656,000 reduced equity.
  • Other comprehensive income increased equity by 19,399,000.
  • Other factors decreased equity by 65,705,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income Nkr339.68 Million +14.58%
Dividends Paid Nkr198.64 Million -8.53%
Share Repurchases Nkr27.66 Million -1.19%
Other Comprehensive Income Nkr19.40 Million +0.83%
Other Changes Nkr-65.70 Million -2.82%
Total Change Nkr- 2.96%

Book Value vs Market Value Analysis

This analysis compares Hafnia Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

  • Current price-to-book ratio: 18.77x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 58.67x to 18.77x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2015-12-31 Nkr1.50 Nkr87.80 x
2016-12-31 Nkr0.99 Nkr87.80 x
2017-12-31 Nkr1.07 Nkr87.80 x
2018-12-31 Nkr1.54 Nkr87.80 x
2019-12-31 Nkr3.22 Nkr87.80 x
2020-12-31 Nkr3.15 Nkr87.80 x
2021-12-31 Nkr3.06 Nkr87.80 x
2022-12-31 Nkr4.11 Nkr87.80 x
2023-12-31 Nkr4.38 Nkr87.80 x
2024-12-31 Nkr4.39 Nkr87.80 x
2025-12-31 Nkr4.68 Nkr87.80 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hafnia Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

  • Current Return on Equity (ROE): 14.58%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 14.89%
  • • Asset Turnover: 0.60x
  • • Equity Multiplier: 1.64x
  • Recent ROE (14.58%) is above the historical average (8.62%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2015 12.24% 20.75% 0.24x 2.45x Nkr12.40 Million
2016 -50.88% -61.73% 0.26x 3.11x Nkr-223.29 Million
2017 0.74% 0.86% 0.28x 3.07x Nkr-36.82 Million
2018 -3.46% -5.37% 0.28x 2.30x Nkr-76.89 Million
2019 6.41% 8.67% 0.31x 2.40x Nkr-40.12 Million
2020 12.96% 17.02% 0.34x 2.22x Nkr33.97 Million
2021 -4.99% -6.84% 0.32x 2.26x Nkr-166.69 Million
2022 37.41% 41.01% 0.47x 1.95x Nkr550.69 Million
2023 35.61% 29.69% 0.68x 1.76x Nkr570.50 Million
2024 34.21% 26.98% 0.77x 1.65x Nkr547.78 Million
2025 14.58% 14.89% 0.60x 1.64x Nkr106.72 Million

Industry Comparison

This section compares Hafnia Ltd's net assets metrics with peer companies in the Marine Shipping industry.

Industry Context

  • Industry: Marine Shipping
  • Average net assets among peers: $419,414,512
  • Average return on equity (ROE) among peers: 6.43%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Hafnia Ltd (HAFNI) Nkr2.54 Billion 12.24% 0.59x $4.62 Billion
2020 Bulkers Ltd (2020) $151.90 Million 50.23% 0.76x $10.24 Million
ADS Maritime Holding Plc (ADS) $55.99 Million 0.00% 0.65x $18.23 Million
American Shipping Company ASA (AMSC) $234.54 Million 9.80% 3.26x $7.19K
Golden Energy Offshore Services AS (GEOS) $231.72 Million -84.34% 5.32x $47.91 Million
Golden Ocean Group Ltd (GOGL) $222.31 Million 21.62% 0.49x $1.75 Billion
Hoegh Autoliners ASA (HAUTO) $1.42 Billion 36.04% 0.46x $3.67 Billion
Havila Shipping ASA (HAVI) $1.13 Billion 27.25% 2.90x $32.00 Million
Himalaya Shipping Ltd (HSHP) $91.78 Million -1.06% 0.04x $829.61 Million
Jinhui Shipping and Transportation Limited (JIN) $245.03 Million -1.65% 0.65x $79.10 Million

About Hafnia Ltd

OL:HAFNI Norway Marine Shipping
Market Cap
$4.62 Billion
Nkr43.88 Billion NOK
Market Cap Rank
#3753 Global
#21 in Norway
Share Price
Nkr87.80
Change (1 day)
+1.04%
52-Week Range
Nkr52.54 - Nkr88.65
All Time High
Nkr88.65
Categories
Companies in Norway Marine Shipping
About

Hafnia Limited., an investment holding company, owns and operates oil product tankers in Bermuda. It operates through Long Range II, Long Range I, Medium Range (MR), and Handy Size segments. The company transports clean and dirty, refined oil products, vegetable oil, and easy chemicals to national and international oil companies, and chemical companies, as well as trading and utility companies. I… Read more