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General and administrative expenses | 12 Months Ended
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Dec. 31, 2025
Analysis of income and expense [abstract] |
General and administrative expenses | General and administrative expenses General and administrative expenses primarily represent employee benefit expenses, professional fees and administrative fees payable to SSH under our administrative services agreement (as described in Note 17).
| For the year ended December 31,
In thousands of U.S. dollars | 2025 |  | 2024 |  | 2023
Short term employee benefits | $ | 32,652 |  |  | $ | 36,437 |  |  | $ | 36,768 |
Share based compensation (see Note 16) | 71,654 |  |  | 62,509 |  |  | 47,340 |
Other general and administrative costs (1) | 19,100 |  |  | 22,102 |  |  | 22,147 |
| $ | 123,406 |  |  | $ | 121,048 |  |  | $ | 106,255 |
(1) Other general and administrative costs include administrative fees charged by SSH (see Note 17), audit, legal and other professional fees, investor relations, and other miscellaneous corporate expenses. There are no material post-employment benefits for our executive officers or directors. By law, our employees in Monaco are entitled to a one-time payment of up to two months salary upon retirement if they meet certain minimum service requirements.

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