EXMAR report 2025

5.2 Consolidated financial statements 184 Consolidated statement of profit and loss and other comprehensive income (IN THOUSANDS OF USD) NOTE FOR THE 12 MONTHS ENDED DECEMBER 31 2025 2024 Revenue 4 248,140 348,911 Gain on disposal 5 7,451 102,617 Other operating income 3,564 4,325 Operating income 259,156 455,854 Vessel and engineering project expenses 6 -91,040 -163,271 Raw materials and consumables used 7 0 -10,441 General and administrative expenses 8 -35,920 -39,352 Personnel expenses 9 -46,470 -44,719 Depreciations & amortisations 13-14-15 -26,080 -31,702 Impairment losses and reversals -541 -2,742 Provisions - (Increase)/Decrease 10 15,967 6,678 Loss on disposal 0 1 Other operating expenses (+/-) -113 -61 Result from operating activities 74,960 170,245 Interest income 11 8,536 9,271 Interest expenses 11 -18,636 -17,793 Other finance income 11 17,685 12,133 Other finance expenses 11 -24,622 -6,685 Net finance result -17,037 -3,074 Result before income tax and share of result of equity accounted investees 57,922 167,171 Share of result of equity accounted investees (net of income tax) 16 24,509 24,938 Result before income tax  82,431 192,109 Income tax expense  12 -8,087 -11,118 Result for the period 74,344 180,991 Attributable to: Non-controlling interest 1 2 Owners of the Company 74,343 180,989 Result for the period 74,344 180,991 Basic earnings per share (in USD) 25 1.15 3.15 Diluted earnings per share (in USD) 25 1.15 3.14 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Result for the period 74,344 180,991 Items that are or may be reclassified subsequently to profit or loss: Equity accounted investees - share in other comprehensive income  16 -1,462 606 Equity accounted investees - foreign currency translation differences 16 473 -3 Foreign currency translation differences 5,104 -5,266 Hedge -233 -655 Other 40 -23 Items that will never be reclassified to profit and loss: Employee benefits - remeasurements of defined benefit liability/assets 27 73 -41 Total other comprehensive income for the period (net of tax) 3,995 -5,382 Total comprehensive income for the period 78,339 175,610 Attributable to: Non-controlling interest 15 -166 Owners of the Company 78,325 175,776