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Earnings Per Share | 9 Months Ended
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Sep. 30, 2025
Earnings Per Share [Abstract] |
Earnings Per Share | EARNINGS PER SHARE Basic earnings per share “EPS” is calculated with reference to the weighted average number of common shares outstanding during the period. The components of the numerator for the calculation of basic and diluted EPS are as follows:
| Nine months ended September 30,
(in thousands of $) | 2025 | 2024
Net income net of non-controlling interests - basic and diluted | 55,318 |  | 46,345 |
The components of the denominator for the calculation of basic and diluted EPS are as follows:
| Nine months ended September 30,
(in thousands of $) | 2025 | 2024
Basic: |  |
Weighted average number of common shares outstanding | 103,874 |  | 104,217 |
Dilutive: |  |
Dilutive impact of share options and RSUs | 985 |  | 918 |
Dilutive impact of 2025 Convertible Bonds (1) | 3,460 |  | — |
Weighted average number of common shares outstanding | 108,319 |  | 105,135 |
EPS are as follows:
| Nine months ended September 30,
| 2025 | 2024
Basic earnings per share ($) | $ | 0.53 |  | $ | 0.44 |
Diluted earnings per share ($) | $ | 0.51 |  | $ | 0.44 |
(1) On June 30, 2025, we issued $575 million of 2.75% convertible senior unsecured notes (the “2025 Convertible Bonds”), maturing December 15, 2030. The initial conversion rate is 17.3834 common shares per $1,000 principal amount of the bonds, equivalent to conversion price of approximately $57.53 per common share. The time-weighted potential dilutive impact of the issuance using the if-converted method has been reflected above.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
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