EXMAR report 2025

5.2 Consolidated financial statements 207 RECONCILIATION SEGMENT REPORTING 2024 (IN THOUSANDS OF USD) PROPORTIONATE CONSOLIDATION DIFFERENCE EQUITY CONSOLIDATION FOR THE TWELVE MONTHS MONTHS ENDED DECEMBER 31, 2024 Revenue 434,893 -85,982 348,911 Gain on disposal 105,834 -3,217 102,617 Other operating income 4,328 -2 4,325 Vessel expenses -181,930 18,659 -163,271 Raw materials and consumables used -10,441 0 -10,441 General and administrative expenses -39,988 636 -39,352 Personnel expenses -44,728 8 -44,719 Depreciations and amortisations -64,599 32,898 -31,702 Impairment losses and reversals -2,742 0 -2,742 Loss on disposal 1 0 1 Other operating expenses (+/-) 5,790 827 6,617 Result from operating activities 206,419 -36,174 170,245 Interest income 13,742 -4,471 9,271 Interest expenses -36,156 18,364 -17,793 Other finance income 12,304 -171 12,133 Other finance expenses -6,865 180 -6,685 Result before income tax and share of result of equity accounted investees 189,443 -22,272 167,171 Share of result of equity accounted investees (net of income tax) 2,708 22,231 24,938 Income tax expense -11,160 42 -11,118 Result for the period 180,991 0 180,991