EXMAR report 2025

5.2 Consolidated financial statements 221 (IN THOUSANDS OF USD)  JOINT VENTURES   ASSOCIATES  JV partner Seapeak MOL ASS Ownership percentage 50% 50% 50% 33% 45% 40% ENTITY TOTAL SEAPEAK MONTE- RIGGIONI ESTRELA LTD ECOS MARPOS TOTAL WARIBOKO COMPANIES TOTAL Non current assets 663,932 0 7,788 237 380 -2,720 669,617 Current assets 127,716 155 6,484 19,789 1,240 15,052 170,436 of which cash and cash equivalents 143,216 155 5,319 -191 896 1,591 150,986 Non current liabilities 519,302 0 0 -2 0 14,215 533,515 of which bank borrowings 357,828 0 0 0 0 0 357,828 of which finance leases 33,572 0 0 -2 0 0 33,570 of which other borrowings 0 0 0 0 0 4,715 4,715 Current liabilities 175,423 1,460 1,611 19,728 373 20,414 219,009 of which bank borrowings 31,230 0 0 0 0 0 31,230 of which finance leases 48,999 0 0 -3 0 0 48,996 of which other borrowings 0 0 0 0 0 1,957 1,957 Revenue 173,170 0 10,248 2,138 2,478 0 188,034 Depreciation and amortization 64,039 0 1,756 13 88 4 65,900 Interest income 9,269 177 0 0 0 295 9,741 Interest expense 37,232 0 0 3 6 899 38,140 Income tax expense 84 0 0 136 164 0 384 Profit or (loss) from continuing operations 44,179 -1,343 1,657 69 475 8,326 53,363 Other comprehensive income 1,212 0 0 0 0 0 1,212 Total comprehensive income 45,391 -1,343 1,657 69 475 8,326 54,575 0 Net assets (100%) 300,622 -1,305 12,661 300 1,247 -12,797 300,728 EXMAR share in net assets 150,311 -653 6,331 100 561 -5,119 151,531 Share in net assets of equity accounted investees on January 1, 2024 127,634 19 7,123 84 528 -7,063 128,325 Netting negative equity and impairment on January 1, 2024 0 0 0 0 0 7,063 7,063 Share in net assets of equity accounted investees on January 1, 2024, after netting negative equity 127,634 19 7,123 84 528 0 135,388 Share in total comprehensive income 22,680 -672 829 23 214 3,330 26,404 Dividends 0 0 -1,623 0 -146 0 -1,769 Foreign currency translation differences 0 0 1 20 -35 0 -14 Other 0 0 0 -113 0 0 -113 Netting negative equity and impairment in the year 2024 0 653 0 0 0 -860 -207 Share in net assets of equity accounted investees on December 31, 2024, after netting negative equity 150,313 0 6,330 14 561 2,471 159,689