HAFN
Hafnia Limited
NYSEUSDEQUITY
Industrials
DELAYED
Strong buy
+78/100
Last price
10.07
▼ 0.21 (2.04%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
10.15
Prev close
10.28
Day high
10.25
Day low
10.07
Volume
1.91M
Market cap
$5.42B
P/E (TTM)
7.85
52W range
5.17 – 10.42
Day trading desk
Gap from prior close
-1.26%
Prior close 10.28
VWAP
—
—
Relative volume
0.00×
Quiet session
Session range
2.20%
10.00 – 10.22
Position in range
32%
Mid range
ATR (14D)
0.40
3.99% of price
Prior day high
10.42
PDH
Prior day low
9.95
PDL
Bid / ask spread
—
Quote not published
Session volume
—
Avg 1.86M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+4.76%
+2.8%
1M
+9.87%
+8.7%
3M
+39.15%
+34.6%
6M
+26.63%
+8.4%
YTD
+90.06%
+75.8%
1Y
+59.03%
+42.6%
3Y
—
-82.3%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
10 more panels on HAFN open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
214.95M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Apr 13, 26 | Skov (Mikael Oepstun) Chief Executive Officer |
SELL | 500.00K | $30.25M | Direct |
| Apr 10, 26 | Skov (Mikael Oepstun) Chief Executive Officer |
SELL | 500.00K | $30.26M | Direct |
| Jan 20, 25 | Castel AS Institution- Corporation |
SELL | 1.18M | $52.06M | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Castel AS |
Institution- Corporation | 0 | Sale |
Skov (Mikael Oepstun) |
Chief Executive Officer | 0 | Sale |
Fundamentals
Market cap$5.42B
Enterprise value$5.68B
Revenue (TTM)$2.67B
Gross profit$850.78M
EBITDA$719.41M
Net income$658.69M
EPS (TTM)$1.29
Free cash flow$363.74M
Total cash$270.98M
Total debt$885.36M
Book value / share$5.30
Shares outstanding535.33M
Float241.59M
Short % of float2.55%
Dividend yield10.97%
Beta (5Y)-0.19
Valuation & profitability ratios
Trailing P/E7.85
Forward P/E14.27
PEG ratio—
Price / sales—
Price / book1.91
EV / revenue2.13
EV / EBITDA7.89
Gross margin31.90%
Operating margin29.51%
Profit margin24.70%
Return on equity26.61%
Return on assets9.65%
Debt / equity33.41
Current ratio1.66
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $2.28B | $2.87B | $2.67B | $1.93B | -20.5% |
| Operating revenue | $2.28B | $2.87B | $2.67B | $1.93B | -20.5% |
| Cost of revenue | $1.84B | $2.02B | $1.82B | $1.09B | -8.7% |
| Gross profit | $438.21M | $849.63M | $852.14M | $840.42M | -48.4% |
| Selling, general & admin | $50.45M | $50.60M | $42.82M | $37.77M | -0.3% |
| Total operating expense | $80.86M | $72.42M | $50.28M | $42.69M | +11.6% |
| Operating income | $357.35M | $777.21M | $801.86M | $797.73M | -54.0% |
| Net interest income | -$41.88M | -$45.72M | -$71.60M | -$86.63M | +8.4% |
| Pre-tax income | $342.18M | $778.45M | $799.53M | $758.27M | -56.0% |
| Tax provision | $2.50M | $4.42M | $6.25M | $6.68M | -43.5% |
| Net income | $339.68M | $774.03M | $793.27M | $751.59M | -56.1% |
| Net income to common | $339.68M | $774.03M | $793.27M | $751.59M | -56.1% |
| Basic EPS | 0.68 | 1.52 | 1.57 | 1.57 | -55.3% |
| Diluted EPS | 0.67 | 1.50 | 1.56 | 1.54 | -55.3% |
| EBIT | $391.94M | $830.83M | $876.91M | $849.36M | -52.8% |
| EBITDA | $594.07M | $1.05B | $1.09B | $1.06B | -43.2% |
| Basic shares | 498.18M | 510.10M | 505.14M | 477.89M | -2.3% |
| Diluted shares | 504.11M | 515.11M | 508.69M | 489.08M | -2.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $103.61M | $195.27M | $141.62M | $174.44M | -46.9% |
| Cash & short-term investments | $103.61M | $195.27M | $141.62M | $174.44M | -46.9% |
| Accounts receivable | $322.69M | $323.18M | $389.38M | $221.78M | -0.1% |
| Inventory | $69.03M | $94.16M | $107.70M | $89.93M | -26.7% |
| Total current assets | $843.95M | $900.08M | $932.84M | $874.79M | -6.2% |
| Property, plant & equipment | $2.50B | $2.61B | $2.78B | $2.88B | -4.2% |
| Goodwill & intangibles | $83.00K | $510.00K | $1.29M | $2.59M | -83.7% |
| Total assets | $3.81B | $3.70B | $3.91B | $3.95B | +3.0% |
| Total current liabilities | $571.91M | $653.83M | $661.19M | $481.16M | -12.5% |
| Current debt | $184.77M | $252.56M | $174.00M | $104.48M | -26.8% |
| Long-term debt | $863.35M | $322.82M | $398.51M | $627.33M | +167.4% |
| Total debt | $1.12B | $1.12B | $1.29B | $1.78B | +0.1% |
| Total liabilities | $1.48B | $1.44B | $1.69B | $1.94B | +3.0% |
| Retained earnings | $846.22M | $705.18M | $631.02M | $381.89M | +20.0% |
| Shareholder equity | $2.33B | $2.26B | $2.23B | $2.01B | +3.0% |
| Working capital | $272.04M | $246.25M | $271.64M | $393.63M | +10.5% |
| Net tangible assets | $2.33B | $2.26B | $2.23B | $2.01B | +3.0% |
| Shares issued | 512.56M | 512.56M | 504.19M | 500.59M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $339.68M | $774.03M | $793.27M | $751.59M | -56.1% |
| Depreciation & amortisation | $202.13M | $215.11M | $211.03M | $209.22M | -6.0% |
| Stock-based compensation | $3.21M | $2.96M | $2.82M | $1.76M | +8.3% |
| Change in working capital | $40.36M | $44.60M | $48.72M | -$232.84M | -9.5% |
| Operating cash flow | $602.89M | $1.03B | $1.06B | $770.89M | -41.5% |
| Capital expenditure | -$146.20M | -$49.62M | -$184.39M | -$447.38M | -194.6% |
| Investing cash flow | -$363.72M | $29.89M | -$31.68M | -$179.13M | -1,316.8% |
| Share buybacks | -$27.66M | -$49.16M | $0 | $0 | +43.7% |
| Dividends paid | -$198.64M | -$699.88M | -$544.14M | -$243.75M | +71.6% |
| Financing cash flow | -$330.17M | -$999.21M | -$1.09B | -$465.13M | +67.0% |
| Free cash flow | $456.69M | $980.74M | $876.41M | $323.51M | -53.4% |
| End cash position | $192.57M | $283.57M | $222.52M | $280.32M | -32.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|---|
| Total revenue | $815.78M | $671.22M | $592.96M | $586.88M | $554.15M | — | +21.5% |
| Operating revenue | $815.78M | $671.22M | $592.96M | $586.88M | $554.15M | — | +21.5% |
| Cost of revenue | $563.55M | $511.92M | $464.12M | $473.16M | $450.91M | — | +10.1% |
| Gross profit | $252.23M | $159.30M | $128.84M | $113.72M | $103.24M | — | +58.3% |
| Selling, general & admin | — | $20.65M | — | — | — | $20.71M | — |
| Total operating expense | $12.10M | $8.74M | $28.45M | $15.32M | $20.15M | — | +38.4% |
| Operating income | $240.13M | $150.55M | $100.40M | $98.40M | $83.09M | — | +59.5% |
| Net interest income | -$10.79M | -$11.95M | -$8.94M | -$11.79M | -$8.05M | — | +9.7% |
| Pre-tax income | $279.22M | $180.52M | $107.37M | $92.20M | $78.00M | — | +54.7% |
| Tax provision | $1.41M | $788.00K | -$2.28M | $699.00K | $2.66M | — | +79.3% |
| Net income | $277.80M | $179.73M | $109.65M | $91.50M | $75.33M | — | +54.6% |
| Net income to common | $277.80M | $179.73M | $109.65M | $91.50M | $75.33M | — | +54.6% |
| Basic EPS | 0.56 | 0.36 | 0.22 | 0.18 | 0.15 | — | +55.6% |
| Diluted EPS | 0.55 | 0.36 | 0.22 | 0.18 | 0.15 | — | +52.8% |
| EBIT | $289.40M | $192.85M | $120.31M | $102.19M | $90.47M | — | +50.1% |
| EBITDA | $336.60M | $240.92M | $169.65M | $154.27M | $141.55M | — | +39.7% |
| Basic shares | 499.18M | 498.57M | 498.18M | 498.24M | 498.37M | — | +0.1% |
| Diluted shares | 506.03M | 505.32M | 504.11M | 504.07M | 503.99M | — | +0.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $270.98M | $146.46M | $103.61M | $132.49M | $194.02M | +85.0% |
| Cash & short-term investments | $270.98M | $146.46M | $103.61M | $132.49M | $194.02M | +85.0% |
| Accounts receivable | $607.25M | $670.18M | $322.69M | $500.31M | $465.96M | -9.4% |
| Inventory | $109.75M | $85.68M | $69.03M | $78.23M | $82.31M | +28.1% |
| Total current assets | $1.09B | $1.13B | $843.95M | $863.85M | $890.42M | -3.7% |
| Property, plant & equipment | $2.29B | $2.31B | $2.50B | $2.53B | $2.59B | -0.5% |
| Goodwill & intangibles | $0 | $0 | $83.00K | $191.00K | $298.00K | — |
| Total assets | $3.96B | $4.03B | $3.81B | $3.57B | $3.67B | -1.6% |
| Total current liabilities | $659.93M | $708.12M | $571.91M | $569.50M | $738.42M | -6.8% |
| Current debt | $197.95M | $219.54M | $184.77M | $191.29M | $312.65M | -9.8% |
| Long-term debt | $610.35M | $734.40M | $863.35M | $555.79M | $238.95M | -16.9% |
| Total debt | $885.36M | $1.03B | $1.12B | $894.52M | $1.03B | -13.7% |
| Total liabilities | $1.31B | $1.49B | $1.48B | $1.24B | $1.37B | -11.7% |
| Retained earnings | $1.03B | $897.76M | $846.22M | $809.77M | $778.52M | +14.9% |
| Shareholder equity | $2.65B | $2.54B | $2.33B | $2.33B | $2.30B | +4.3% |
| Working capital | $432.38M | $426.50M | $272.04M | $294.35M | $152.00M | +1.4% |
| Net tangible assets | $2.65B | $2.54B | $2.33B | $2.33B | $2.30B | +4.3% |
| Shares issued | 499.78M | 499.84M | 512.56M | 497.99M | 512.56M | -0.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $277.80M | $179.73M | $109.65M | $91.50M | $75.33M | +54.6% |
| Depreciation & amortisation | $47.20M | $48.07M | $49.34M | $52.08M | $51.08M | -1.8% |
| Stock-based compensation | $921.00K | $802.00K | $849.00K | $849.00K | $843.00K | +14.8% |
| Change in working capital | $27.78M | -$73.84M | $6.17M | -$32.34M | $53.37M | +137.6% |
| Operating cash flow | $298.07M | $127.68M | $159.71M | $118.14M | $187.68M | +133.4% |
| Capital expenditure | -$20.55M | -$20.79M | -$33.86M | -$44.00M | -$41.02M | +1.1% |
| Investing cash flow | $131.62M | $111.47M | -$288.94M | -$14.06M | -$32.35M | +18.1% |
| Share buybacks | $0 | $0 | $0 | $0 | $0 | — |
| Dividends paid | -$143.79M | -$88.05M | -$73.20M | -$60.26M | -$50.55M | -63.3% |
| Financing cash flow | -$311.79M | -$196.47M | $115.22M | -$210.80M | -$110.18M | -58.7% |
| Free cash flow | $277.52M | $106.90M | $125.85M | $74.14M | $146.66M | +159.6% |
| End cash position | $353.16M | $235.26M | $192.57M | $206.59M | $313.31M | +50.1% |
Options analytics
Put / call volume
2.04
Put-heavy session
Put / call open interest
—
Positioning, not flow
Max pain
5.00
-50.6% from spot
ATM implied vol
0.0%
Nearest strike to spot
Skew (10% OTM)
+3.1%
Puts bid over calls
Call volume
67
Contracts, this expiry
Put volume
137
Contracts, this expiry
Heaviest call OI
2.50
0 contracts
Heaviest put OI
5.00
211 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.51 | 0.47 | -7.4% |
| Mar 2026 | 0.25 | 0.29 | +17.1% |
| Dec 2025 | 0.22 | 0.24 | +7.0% |
| Sep 2025 | 0.16 | 0.18 | +11.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.30 | 1 | $295.33M | +16.2% |
| Next quarter | 0.30 | 1 | $354.21M | +33.2% |
| Current year | 1.37 | 1 | $1.32B | +34.1% |
| Next year | 0.71 | 1 | $1.13B | -14.9% |
Analyst targets & ownership
Mean target$11.50
High target$12.00
Low target$11.00
Implied upside14.20%
Analyst count2
ConsensusSTRONG BUY
Strong buy / Buy1 / 1
Hold0
Sell / Strong sell0 / 0
Held by insiders43.01%
Held by institutions34.99%
Institutions holding263
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
9.64
+4.45% from price
SMA 20
9.58
+5.74% from price
SMA 50
8.61
+17.62% from price
SMA 100
8.09
+24.42% from price
SMA 200
7.58
+33.57% from price
EMA 12
9.77
+3.05% from price
EMA 26
9.37
+7.51% from price
EMA 50
8.88
+13.46% from price
RSI (14)
65.8
Neutral
MACD (12,26,9)
0.41
Hist 0.04
ATR (14)
0.40
3.97% of price
Realised vol 30D
43.8%
Annualised
Bollinger upper
10.44
20, 2σ
Bollinger lower
8.72
20, 2σ
50 / 200 cross
Golden
8.61 vs 7.58
Trend bias
Above 200
+33.57%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.17
Less volatile than market
Correlation to SPY
0.06
Largely independent
Realised vol 30D
43.8%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-30.7%
Peak to trough
Max drawdown 5Y
-59.2%
Peak to trough
ATR 14
0.40
3.97% of price
Beta (reported)
-0.19
5Y monthly, from filing
Short interest
Shares short
1.17M
Prior 697.43K
Change vs prior
+67.2%
Shorts adding
% of float
2.55%
Normal
% of shares out
0.23%
Against total outstanding
Days to cover
0.6
Liquid
Float
241.59M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Sep 18, 26 | BTIG | MAINTAINED | Buy | Buy |
| Dec 17, 24 | Jefferies | MAINTAINED | Buy | Buy |
| Nov 14, 24 | Jefferies | MAINTAINED | Buy | Buy |
| Apr 12, 24 | BTIG | INITIATED | — | Buy |
Dividends & splits
Forward rate$1.11 / yr
Forward yield10.97%
5-year avg yield5.62%
Payout ratio56.74%
Ex-dividend dateSep 8, 2026
Next pay dateSep 18, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-10-05
Corporate Changes & Voting Matters
6-K · 2026-09-24
Corporate Changes & Voting Matters
6-K · 2026-09-23
Corporate Changes & Voting Matters
6-K · 2026-09-16
Corporate Changes & Voting Matters
6-K · 2026-09-08
Corporate Changes & Voting Matters
6-K · 2026-09-03
Corporate Changes & Voting Matters
6-K · 2026-09-01
Corporate Changes & Voting Matters
6-K · 2026-08-28
Headlines
HAFNIA LIMITED: Share Capital Increase Registered
Business Wire · 2d ago
HAFNIA LIMITED: Public Filing of Prospectus Supplement in Connection with the Offering
Business Wire · 12d ago
Hafnia stock falls after increasing stake in Torm to 19.85%
Investing.com · 13d ago
HAFNIA LIMITED: Completion and Pricing of Placement of Ordinary Shares
Business Wire · 13d ago
Hafnia Increasing Shareholding in TORM; Shares Down Pre-Bell
MT Newswires · 13d ago
HAFNIA LIMITED: Acquisition of an Additional 1.7 Million TORM Shares
Business Wire · 13d ago
HAFNIA LIMITED: Results of Extraordinary General Meeting
Business Wire · 14d ago
TORM (CPSE:TRMD A) Now Has A Largest Disclosed Shareholder With 18.22% Stake
Simply Wall St. · 19d ago
PRIVATE STRATEGY · BY QUALIFICATION
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