EXMAR report 2025

5.2 Consolidated financial statements 203 SEGMENT REPORTING 2024 (IN THOUSANDS OF USD) SHIPPING INFRASTRUCTURE SUPPORTING SERVICES ELIMINATIONS TOTAL CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2024 Revenue third party 140,066 210,436 84,392 434,893 Revenue intra-segment 2,765 1,727 5,789 -10,281 0 Total revenue 142,831 212,162 90,181 -10,281 434,893 Gain on disposal 7,209 78,227 20,397 105,834 Other operating income 1,521 0 2,807 4,328 Operating income 151,561 290,390 113,385 -10,281 545,055 Operating result before depreciations, amortisations & impairment losses (EBITDA)  107,375 143,561 22,824 0 273,759 Depreciations and amortisations -50,825 -12,250 -1,524 -64,599 Impairment losses and reversals -1 -2,613 -128 -2,742 Loss on disposal 0 1 0 1 Operating result (EBIT) 56,548 128,700 21,172 0 206,419 Interest income (non-intra-segment) 4,522 4,320 4,900 13,742 Interest income intra-segment 2,284 5,182 22,397 -29,863 0 Interest expenses (non-intra-segment) -26,104 -9,834 -218 -36,156 Interest expenses intra-segment -16,261 -7,822 -5,780 29,863 0 Other finance income 590 3,897 7,817 12,304 Other finance expenses -547 -565 -5,752 -6,865 Share of result of equity accounted investees (net of income tax) 0 2,471 237 2,708 Income tax expense -213 -4,863 -6,084 -11,160 Segment result after tax 20,818 121,485 38,688 0 180,991 Attributable to: Non-controlling interest 2 Owners of the Company 180,989