Hafnia Ltd balance sheet

At the end of fiscal 2025, Hafnia Ltd had total assets of $3.81bn, total liabilities of $1.48bn and shareholders' equity of $2.33bn. It held $193m in cash against $1.12bn of debt: net debt of $930m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Hafnia Ltd: balance sheet, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	280	223	284	193
Receivables	—	590	504	522
Inventory	—	108	94	69
Total current assets	—	933	900	844
Total assets	—	3,914	3,702	3,812
Total current liabilities	—	661	654	572
Short-term debt	—	267	336	213
Long-term debt	—	1,025	786	910
Total debt	0	1,292	1,122	1,123
Total liabilities	—	1,686	1,440	1,482
Shareholders' equity	2,009	2,228	2,263	2,330
Net debt (negative = net cash)	−280	1,070	839	930

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Hafnia Ltd's SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Hafnia Ltd.