v3.26.1
Segment information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment information [Abstract]  
Disclosure of Operating Segments
​
  
LR2
US$’000
    

LR1
US$’000
    
MR
US$’000
    
Handy
US$’000
    
Total
US$’000
  
2025
                                  
Revenue (Hafnia Vessels and TC Vessels)
    
110,416
      
374,469
      
675,708
      
261,238
      
1,421,831
  
Revenue (External Vessels in Disponent-Owner Pools)1
    
75,769
      
229,896
      
475,568
      
78,845
      
860,078
  
Voyage expenses (Hafnia Vessels and TC Vessels)
    
(33,473
)
    
(123,492
)
    
(213,999
)
    
(94,993
)
    
(465,957
)
Voyage expenses (External Vessels in Disponent-Owner Pools)1
    
(27,362
)
    
(87,221
)
    
(186,805
)
    
(28,178
)
    
(329,566
)
Pool distributions for External Vessels in Disponent-Owner Pools1
    
(48,407
)
    
(142,675
)
    
(288,763
)
    
(50,667
)
    
(530,512
)
                               
TCE Income#
    
76,943
      
250,977
      
461,709
      
166,245
      
955,874
  
Other operating income
    
3,718
      
5,298
      
10,379
      
5,837
      
25,232
  
Vessel operating expenses
    
(16,182
)
    
(68,051
)
    
(134,338
)
    
(63,552
)
    
(282,123
)
Technical management expenses
    
(1,837
)
    
(6,810
)
    
(13,052
)
    
(5,383
)
    
(27,082
)
Charter hire expenses
    
-
      
(6,842
)
    
(26,573
)
    
-
      
(33,415
)
Operating EBITDA
    
62,642
      
174,572
      
298,125
      
103,147
      
638,486
  
Depreciation charge
    
(11,951
)
    
(58,778
)
    
(94,645
)
    
(35,989
)
    
(201,363
)
​
                                    
437,123
  
Unallocated2
                                    
(94,946
)
Profit before income tax
                                    
342,177
  

 #
“TCE income” denotes “time charter equivalent income” which represents revenue from time charters and voyage charters less voyage expenses comprising primarily brokers’ commission, fuel oil and port charges. TCE is a standard measure used in the shipping industry for reporting of income, providing improved comparability across different types of charters.

 1
“External Vessels in Disponent-Owner Pools” means vessels that are commercially managed by the Group in the Disponent-Owner Pool arrangements that are not Hafnia Vessels or TC Vessels. See Note 2.3(a) for details on the accounting for pool arrangements.

 2
The unallocated amount consists of depreciation charge of other property, plant and equipment, interest income and finance expenses, general and administrative expenses; and other operating income such as insurance claims and share of profit of equity-accounted investees which are not allocated to segments.

​
  
LR2
US$’000
    
LR1
US$’000
    
MR
US$’000
    
Handy
US$’000
    
Total
US$’000
  
2024
                              
Revenue (Hafnia Vessels and TC Vessels)
    
125,387
      
522,837
      
915,186
      
372,186
      
1,935,596
  
Revenue (External Vessels in Disponent-Owner Pools)1
    
86,168
      
318,499
      
438,245
      
90,139
      
933,051
  
Voyage expenses (Hafnia Vessels and TC Vessels)
    
(31,693
)
    
(142,405
)
    
(251,887
)
    
(118,332
)
    
(544,317
)
Voyage expenses (External Vessels in Disponent-Owner Pools)1
    
(34,080
)
    
(112,980
)
    
(156,931
)
    
(28,811
)
    
(332,802
)
Pool distributions for External Vessels in Disponent-Owner Pools1
    
(52,088
)
    
(205,519
)
    
(281,314
)
    
(61,328
)
    
(600,249
)
                               
TCE Income#
    
93,694
      
380,432
      
663,299
      
253,854
      
1,391,279
  
Other operating income
    
2,374
      
6,824
      
11,001
      
3,533
      
23,732
  
Vessel operating expenses
    
(15,624
)
    
(64,451
)
    
(132,876
)
    
(65,090
)
    
(278,041
)
Technical management expenses
    
(1,947
)
    
(7,358
)
    
(13,619
)
    
(5,249
)
    
(28,173
)
Charter hire expenses
    
—
      
(8,974
)
    
(39,522
)
    
—
      
(48,496
)
Operating EBITDA
    
78,497
      
306,473
      
488,283
      
187,048
      
1,060,301
  
Depreciation charge
    
(13,837
)
    
(58,881
)
    
(107,936
)
    
(33,339
)
    
(213,993
)
​
                                    
846,308
  
Unallocated2
                                    
(67,855
)
Profit before income tax
                                    
778,453
  

 #
“TCE income” denotes “time charter equivalent income” which represents revenue from time charters and voyage charters less voyage expenses comprising primarily brokers’ commission, fuel oil and port charges. TCE is a standard measure used in the shipping industry for reporting of income, providing improved comparability across different types of charters.

 1
“External Vessels in Disponent-Owner Pools” means vessels that are commercially managed by the Group in the Disponent-Owner Pool arrangements that are not Hafnia Vessels or TC Vessels. See Note 2.3(a) for details on the accounting for pool arrangements.

 2
The unallocated amount consists of depreciation charge of other property, plant and equipment, interest income and finance expenses, general and administrative expenses; and other operating income such as insurance claims and share of profit of equity-accounted investees which are not allocated to segments.

​
  
 
LR2
US’000
    

LR1
US’000
    
MR
US$’000
    
Handy
US$’000
    
Chemical-
Stainless
US$’000
    
Specialised
US$’000
    
Total
US$’000
  
2023
                                              
Revenue (Hafnia Vessels and TC Vessels)
    
111,164

      
536,309

      
901,038

      
364,814

      
(226
)

    
2,373

      
1,915,472

  
Revenue (External Vessels in Disponent-Owner Pools)1
    
55,221

      
288,512

      
283,857

      
128,644

      
—

      
—

      
756,234

  
Voyage expenses (Hafnia Vessels and TC Vessels)
    
(30,339
)

    
(151,725
)

    
(246,919
)

    
(118,772
)

    
(36
)

    
(1,074
)

    
(548,865
)
Voyage expenses (External Vessels in Disponent-Owner Pools)1
    
(19,416
)

    
(108,241
)

    
(106,141
)

    
(45,951
)

    
—

      
—

      
(279,749
)
Pool distributions for External Vessels in Disponent-Owner Pools1
    
(35,805
)

    
(180,271
)

    
(177,716
)

    
(82,693
)

    
—

      
—

      
(476,485
)
                                                         
TCE Income#
    
80,825
      
384,584
      
654,119
      
246,042
      
(262
)
    
1,299
      
1,366,607
  
Other operating income
    
1,781
      
8,865
      
9,258
      
7,188
      
(705
)
    
3,747
      
30,134
  
Vessel operating expenses
    
(15,267
)
    
(66,884
)
    
(125,393
)
    
(61,211
)
    
(109
)
    
(5
)
    
(268,869
)
Technical management expenses
    
(1,656
)
    
(7,109
)
    
(11,711
)
    
(5,216
)
    
—
      
—
      
(25,692
)
Charter hire expenses
    
—
      
(9,234
)
    
(24,034
)
    
(1
)
    
—
      
(1,302
)
    
(34,571
)
Operating EBITDA
    
65,683
      
310,222
      
502,239
      
186,802
      
(1,076
)
    
3,739
      
1,067,609
  
Depreciation charge
    
(13,743
)
    
(58,099
)
    
(104,808
)
    
(32,784
)
    
—
      
—
      
(209,434
)
​
                                                    
858,175
  
Unallocated2
                                                    
(58,649
)
Profit before income tax
                                                    
799,526
  

 #
“TCE income” denotes “time charter equivalent income” which represents revenue from time charters and voyage charters less voyage expenses comprising primarily brokers’ commission, fuel oil and port charges. TCE is a standard measure used in the shipping industry for reporting of income, providing improved comparability across different types of charters.
 
 1
“External Vessels in Disponent-Owner Pools” means vessels that are commercially managed by the Group in the Disponent-Owner Pool arrangements that are not Hafnia Vessels or TC Vessels. See Note 2.3(a) for details on the accounting for pool arrangements.
 
 2
The unallocated amount consists of depreciation charge of other property, plant and equipment, interest income and finance expenses, general and administrative expenses; and other operating income such as insurance claims and share of profit of equity-accounted investees which are not allocated to segments.
Revenue by Major Customers by Reporting Segments
​
  

LR2
US’000
    

LR1
US’000
    
MR
US$’000
    
Handy
US$’000
    
Total
US$’000
    
Percentage
%
  
​
                                        
2024
    
24,598
      
159,532
      
112,969
      
15,712
      
312,811
      
10.9
%
2023
    
18,712
      
181,099
      
108,107
      
2,479
      
310,397
      
11.6
%