v3.26.1
Segment information
6 Months Ended
Jun. 30, 2026
Segment information [Abstract]  
Segment information

Note 11: Segment information
 
 
For the 3 months ended 30 June 2026
LR21
USD’000
LR12
USD’000
MR3
USD’000
Handy4
USD’000
Total
USD’000
 
Revenue (Hafnia Vessels and TC Vessels)6
29,402
136,418
248,049
93,505
507,374
 
Revenue (External Vessels in Disponent-Owner Pools)
1,666
80,895
216,606
10,952
310,119
 
Voyage expenses (Hafnia Vessels and TC Vessels)
(3,819)
(40,094)
(60,068)
(28,772)
(132,753)
 
Voyage expenses (External Vessels in Disponent-Owner Pools)
(1,269)
(18,265)
(61,070)
(2,329)
(82,933)
 
Pool distributions for External Vessels in Disponent-Owner Pools
(397)
(62,630)
(155,537)
(8,622)
(227,186)
 
TCE Income5
25,583
96,324
187,980
64,734
374,621
             
 
Other operating income
653
1,623
4,201
1,068
7,545
 
Vessel operating expenses
(4,305)
(15,332)
(30,895)
(14,084)
(64,616)
 
Technical management expenses
(627)
(1,931)
(3,877)
(1,434)
(7,869)
 
Charter hire expenses
(1,423)
(7,435)
(8,858)
             
 
Adjusted EBITDA5
21,304
79,261
149,974
50,284
300,823
 
Depreciation charge
(3,050)
(11,601)
(23,490)
(8,704)
(46,845)
           
253,978
 
Unallocated
       
25,238
 
Profit before income tax
       
279,216

 
For the 6 months ended 30 June 2026
LR21
USD’000
LR12
USD’000
MR3
USD’000
Handy4
USD’000
Total
USD’000
 
Revenue (Hafnia Vessels and TC Vessels)6
50,092
267,354
425,911
177,511
920,868
 
Revenue (External Vessels in Disponent-Owner Pools)
27,947
156,755
354,432
29,284
568,418
 
Voyage expenses (Hafnia Vessels and TC Vessels)
(5,438)
(84,461)
(115,152)
(58,130)
(263,181)
 
Voyage expenses (External Vessels in Disponent-Owner Pools)
(7,205)
(37,560)
(109,925)
(8,059)
(162,749)
 
Pool distributions for External Vessels in Disponent-Owner Pools
(20,742)
(119,195)
(244,508)
(21,224)
(405,669)
 
TCE Income5
44,654
182,893
310,758
119,382
657,687
             
 
Other operating income
1,423
3,549
7,433
2,111
14,516
 
Vessel operating expenses
(8,649)
(32,035)
(60,822)
(29,428)
(130,934)
 
Technical management expenses
(961)
(3,276)
(6,453)
(2,922)
(13,612)
 
Charter hire expenses
(2,843)
(14,826)
(17,669)
             
 
Adjusted EBITDA5
36,467
148,288
236,090
89,143
509,988
 
Depreciation charge
(6,059)
(23,871)
(46,652)
(18,155)
(94,737)
           
415,251
 
Unallocated
       
44,483
 
Profit before income tax
       
459,734


1 Vessels between 85,000 DWT and 124,999 DWT in size and provides transportation of clean petroleum oil products.
2 Vessels between 55,000 DWT and 84,999 DWT in size and provides transportation of clean and dirty petroleum products.
3 Vessels between 40,000 DWT and 54,999 DWT in size and provides transportation of clean and dirty oil products, vegetable oil and easy chemicals; inclusive of IMO II vessels
4 Vessels between 25,000 DWT and 39,999 DWT in size and provides transportation of clean and dirty oil products, vegetable oil and easy chemicals; inclusive of IMO II vessels
5 See Non-IFRS Measures in Note 13.
6 Excluding downward adjustments of USD 1.7 mil and USD 2.3 mil for Q2 and H1 2026 respectively; relating to operating segments that Hafnia exited in prior financial years.

 
For the 3 months ended 30 June 2025
LR21
USD’000
LR12
USD’000
MR3
USD’000
Handy4
USD’000
Total
USD’000
 
Revenue (Hafnia Vessels and TC Vessels)
30,719
91,254
168,309
56,282
346,564
 
Revenue (External Vessels in Disponent-Owner Pools)
15,954
59,117
115,408
17,112
207,591
 
Voyage expenses (Hafnia Vessels and TC Vessels)
(9,896)
(30,589)
(53,448)
(21,473)
(115,406)
 
Voyage expenses (External Vessels in Disponent-Owner Pools)
(5,511)
(21,310)
(50,790)
(5,338)
(82,949)
 
Pool distributions for External Vessels in Disponent-Owner Pools
(10,442)
(37,807)
(64,619)
(11,774)
(124,642)
 
TCE Income5
20,824
60,665
114,860
34,809
231,158
             
 
Other operating income
609
1,354
2,596
1,520
6,079
 
Vessel operating expenses
(4,041)
(17,040)
(32,651)
(14,944)
(68,676)
 
Technical management expenses
(490)
(1,773)
(3,401)
(1,337)
(7,001)
 
Charter hire expenses
(1,445)
(6,709)
(8,154)
             
 
Adjusted EBITDA5
16,902
41,761
74,695
20,048
153,406
 
Depreciation charge
(3,107)
(12,898)
(25,501)
(9,400)
(50,906)
           
102,500
 
Unallocated
       
(24,505)
 
Profit before income tax
       
77,995

 
For the 6 months ended 30 June 2025
LR21
USD’000
LR12
USD’000
MR3
USD’000
Handy4
USD’000
Total
USD’000
 
Revenue (Hafnia Vessels and TC Vessels)
58,315
179,745
327,029
121,818
686,907
 
Revenue (External Vessels in Disponent-Owner Pools)
30,687
109,247
238,360
36,864
415,158
 
Voyage expenses (Hafnia Vessels and TC Vessels)
(19,196)
(64,271)
(104,589)
(48,942)
(236,998)
 
Voyage expenses (External Vessels in Disponent-Owner Pools)
(12,093)
(41,067)
(102,473)
(13,539)
(169,172)
 
Pool distributions for External Vessels in Disponent-Owner Pools
(18,594)
(68,180)
(135,887)
(23,325)
(245,986)
 
TCE Income5
39,119
115,474
222,440
72,876
449,909
             
 
Other operating income
1,400
2,576
5,263
3,836
13,075
 
Vessel operating expenses
(7,881)
(33,250)
(65,558)
(30,086)
(136,775)
 
Technical management expenses
(774)
(2,936)
(5,871)
(2,638)
(12,219)
 
Charter hire expenses
(3,949)
(12,827)
(16,776)
             
 
Adjusted EBITDA5
31,864
77,915
143,447
43,988
297,214
 
Depreciation charge
(6,177)
(25,986)
(50,424)
(17,770)
(100,357)
           
196,857
 
Unallocated
       
(54,253)
 
Profit before income tax
       
142,604


1 Vessels between 85,000 DWT and 124,999 DWT in size and provides transportation of clean petroleum oil products.
2 Vessels between 55,000 DWT and 84,999 DWT in size and provides transportation of clean and dirty petroleum products.
3 Vessels between 40,000 DWT and 54,999 DWT in size and provides transportation of clean and dirty oil products, vegetable oil and easy chemicals; inclusive of IMO II vessels
4 Vessels between 25,000 DWT and 39,999 DWT in size and provides transportation of clean and dirty oil products, vegetable oil and easy chemicals; inclusive of IMO II vessels
5 See Non-IFRS Measures in Note 13.