EXMAR report 2025

5.2 Consolidated financial statements 227 Note 26 - Borrowings BANK LOANS OTHER LOANS LEASE LIABILITIES ROU ASSETS TOTAL (IN THOUSANDS OF USD) As of 1 January 2024 247,626  8,664  9,022  265,311  New loans and borrowings 100,500  -0  384  100,884  Derecognition upon sale of shares -3,513  0  -4,000  -7,513  Repayments -36,297  -5,766  -1,814  -43,878  Paid transaction cost -1,060  0  0  -1,060  Amortized transaction costs 590  20  0  610  Exchange differences -61  -0  -394  -456  Accrued interest payable 1,285  81  0  1,366  Contract re-measurement/ contract modification 0  0  1,287  1,287  As of 31 December 2024 309,070  2,998  4,484  316,552  More than 1 year 272,269  2,998  2,527  277,794  Less than 1 year 36,801  0  1,957  38,759  As of 31 December 2024 309,070  2,998  4,484  316,552  Shipping segment 130,873  2,998  394  134,265  Infrastructure segment 178,197  0  2,554  180,751  Supporting services segment 0  0  1,537  1,537  As of 31 December 2024 309,070  2,998  4,484  316,552  As of 1 January 2025 309,070  2,998  4,484  316,552  New loans 0  0  6,770  6,770  Repayments -40,837  0  -6,827  -47,663  Transfers 4,957  -2,998  0  1,959  Amortized transaction costs 576  0  0  576  Exchange differences 0  0  349  349  Accrued interest payable -375  6  0  -369  As of 31 December 2025 273,392  6  4,775 278,173 More than 1 year 242,151  0  2,847  244,998  Less than 1 year 31,240  6  1,928  33,175  As of 31 December 2025 273,392  6  4,775  278,173  Shipping segment 117,521  6  123  117,650  Infrastructure segment 155,871  0  1,743  157,613  Supporting services segment 0  0  2,910  2,910  As of 31 December 2025 273,392  6  4,775  278,173