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UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Share Capital
Additional Paid-in Capital
Contributed Surplus
 [1]
Accumulated Other Comprehensive Loss
 [2]
Accumulated Retained Earnings
Non-Controlling Interest
Beginning balance at Dec. 31, 2023 $ 2,602,443 $ 104,578 $ 1,691,128 $ 200,000 $ (5,072) $ 77,035 $ 534,774
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 65,756         46,345 19,411
Dividends (85,929)         (77,994) (7,935)
Exercise of share options 4,138 348 3,790        
Employee stock compensation 5,479   5,479        
Forfeiture of employee stock compensation (267)   (267)        
Restricted stock units 0 123 (123)        
Proceeds from subscription of equity interest in Gimi MS Corporation 40,491           40,491
Repurchase and cancellation of treasury shares (14,180) (679)       (13,501)  
Other comprehensive (loss) income (1,109)       (1,109)    
Ending balance at Sep. 30, 2024 2,616,822 104,370 1,700,007 200,000 (6,181) 31,885 586,741
Beginning balance at Dec. 31, 2024 2,369,404 104,535 1,705,093 200,000 (5,743) 10,266 355,253
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income 89,428         55,318 34,110
Dividends (77,920)         (77,920)  
Exercise of share options 2,990 226 2,764        
Employee stock compensation 7,869   7,869        
Forfeiture of employee stock compensation (63)   (63)        
Restricted stock units 0 127 (127)        
Proceeds from subscription of equity interest in Gimi MS Corporation 21,020           21,020
Repurchase and cancellation of treasury shares (102,725) (2,500)       (100,225)  
Other comprehensive (loss) income 3,577       3,577    
Reacquisition of common units of Hilli LLC [3] (2,366)         (6,271) 3,905
Ending balance at Sep. 30, 2025 $ 2,311,214 $ 102,388 $ 1,715,536 $ 200,000 $ (2,166) $ (118,832) $ 414,288
[1] Contributed Surplus is “capital” that can be returned to stockholders without the need to reduce share capital, thereby giving us greater flexibility when it comes to declaring dividends.
[2] As at September 30, 2025 and 2024, our accumulated other comprehensive loss consisted of (i) $1.5 million and $4.7 million losses in relation to our pension and post-retirement benefit plan and (ii) $0.7 million and $1.5 million for our share of equity method investment’s comprehensive losses, respectively.
[3] This relates to the receipt of waived dividend distribution in relation to the repurchases of the minority interests in Hilli LLC.