EXMAR report 2025

2.3 Supporting services 51 Additionally, the international standards ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 and ISO 50001:2018, as well as Green Award Foundation requirements are adhered to with active certification maintained. Specific attention is paid to developments in environmental regulations, and the increasing requirements under the various emissions reporting schemes. With reporting responsibilities assigned to different interested parties, EXMAR Ship Management actively opened the dialogue between the different partners. The onboard data collection via designated software is automatically transferred to external verifiers for simultaneous review, bridging across the IMO Data Collection System (DCS) and Carbon Intensity Indicator (CII), and EU Emission Trading System MRV/ETS) and Fuel EU Maritime schemes. Dedicated software allows for monitoring of energy performance KPI's, tracking speed and consumption, and voyage optimization. Regular performance evaluation is carried out, including comparison of vessels with specific and customizable performance baselines established, and aiming to optimize consumption and mechanical lifetime. 2.3.1.5 SAFETY For over 10 years, EXMAR Ship Management has been a successful leader in safety onboard through the “Taking the Safety Lead” program. By fostering safety, driven by leadership, and a mindset of continuous improvement, we’ve reached the highest levels of safety maturity. The “Taking the Safety Lead” program emphasizes proactive measures that are implemented onboard. A perfect example is our Control of Work-system and comprehensive training for all personnel. These measures have not only prevented incidents but also enhanced operational efficiency and reliability. 2.3.1.6 PROJECTS The Shipping BU marked a year of strategic expansion in 2025, welcoming EXMAR LPG France as a new partner with two vessels joining our management. Furthermore, we secured a milestone mandate with an undisclosed client to supervise the commissioning of an inland waterways LNG bunkering barge, alongside future management agreements for state-of-the-art seagoing LNG Bunker Vessels scheduled for delivery in 2027. The Owner of NKOSSA II changed to Trident Energies with management routines being amended in accordance with the new requirements. The Congo Nearshore LNG project achieved a successful result for the first full year under the Operations & Maintenance contract, with routines having fully settled in. The innovative mooring concept of TANGO FLNG and EXCALIBUR was subjected to its first regular rope exchange in accordance with applicable requirements, closely liaising with client ENI on planning and execution of the process. During 2025, BU Infra has been developing various new projects, including Buenaventura FSU, Eemshaven FSRU, and Cedar LNG projects. 2.3.2 Investments EXMAR holds a 12.1% equity stake in Vantage Drilling International, whose fleet consists of two ultra- deepwater drilling vessels and whose operations include management services for two jack-up rigs. Vantage Drilling International is listed on Euronext Growth under the symbol VDI. Additionally, EXMAR holds a 7.4% shareholding in Ventura Offshore Holding, which owns three ultra- deepwater drilling vessels and manages a fourth. Ventura Offshore Holding is listed on Euronext Growth under the symbol VTURA. Both companies provide offshore oil and natural gas drilling services. EXMAR’s investments in these entities are motivated by attractive value creation opportunities arising from prolonged underinvestment in the offshore drilling market. These transactions mark EXMAR’s re-entry into the drilling industry after more than twenty years, further expanding the company’s involvement in the global energy value chain. Further, EXMAR continuously assesses opportunities to deploy liquidity in related activities, as a diversification and liquidity management tool. 2.3.3 Travel Plus Travel Plus, specialized in business and leisure travel, employs a total of 19 local professionals. Belgium’s largest independent travel agency, working out of Antwerp, sets itself apart with its high level of personal care for its business and leisure travelers. Travel Plus combines personalized itineraries with exceptional after-sales service. 2.3.4 EXMAR Yachting EXMAR Yachting expertly manages a fleet of high-end vessels, supporting both seasoned and first-time owners in the operation, crewing, servicing, refitting, and chartering of their luxury yachts with excellence. In 2025, the team of highly professional captains, technical superintendents, crew managers, and operational staff provided owners with support through on-site inspections in preparation for dry-docking, as well as preventive maintenance and the administrative management of their valuable assets.