Hafnia Corrects Fleet Valuation Error in Q1 2025 Report

Tip Ranks
2025.05.16 07:33
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Hafnia Limited has corrected an error in its Q1 2025 Earnings Report regarding the valuation of its fleet, mistakenly including 100% of joint venture vessels instead of the correct 50%. This correction does not impact financial metrics like net profit or EBITDA. The updated report is available on their website, reflecting Hafnia's commitment to transparency. The latest analyst rating for Hafnia (HAFN) is a Buy with a price target of NOK64.00. Hafnia is a global tanker owner operating around 200 vessels, part of the BW Group, with a market cap of NOK27.48B.

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Hafnia ( (HAFN) ) has shared an update.

Hafnia Limited announced a correction in its Q1 2025 Earnings Report regarding the presentation of broker valuations of its fleet, where it mistakenly included 100% of joint venture vessels instead of the correct 50%. This error does not affect the company’s financial metrics such as net profit or EBITDA, and the updated report is available on their website. The announcement underscores Hafnia’s commitment to transparency and accuracy in its financial reporting, maintaining trust with stakeholders and ensuring accurate market positioning.

The most recent analyst rating on (HAFN) stock is a Buy with a NOK64.00 price target. To see the full list of analyst forecasts on Hafnia stock, see the HAFN Stock Forecast page.

More about Hafnia

Hafnia is a leading global tanker owner, specializing in the transportation of oil, oil products, and chemicals for major national and international oil companies, chemical companies, and trading and utility companies. The company operates around 200 vessels and provides a comprehensive shipping platform that includes technical management, commercial and chartering services, pool management, and a large-scale bunker procurement desk. Hafnia is part of the BW Group and has offices in Singapore, Copenhagen, Houston, and Dubai, employing over 4000 people.

Average Trading Volume: 990,569

Current Market Cap: NOK27.48B

See more insights into HAFN stock on TipRanks’ Stock Analysis page.

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