XML 19 R3.htm IDEA: XBRL DOCUMENT v3.25.1
Consolidated Income Statement - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Consolidated Income Statement [Abstract]      
Shipping revenues $ 567,835 $ 556,075 $ 450,381
Other revenues [1] 3,938 4,481 3,764
Total revenues 571,773 560,556 454,146
Gain on sale of vessels 0 0 19,513
Operating expenses      
Voyage expenses (179,623) (165,667) (185,502)
Vessel operating expenses (78,594) (75,429) (73,809)
Depreciation and amortization (111,884) (108,902) (123,255)
Reversal of prior impairment charges 27,909 0 0
General and administrative expense (18,944) (17,448) (16,889)
Total operating expenses (361,136) (367,447) (399,455)
Operating income 210,637 193,110 74,204
Share of profit from associated companies 0 0 1,327
Interest income 3,918 4,485 1,076
Interest expense (30,399) (33,061) (26,197)
Fair value gain/(loss) on derivative financial liabilities 0 (504) 14,983
Other financial (expense)/income (2,088) (1,984) (2,826)
Profit/(loss) before tax 182,069 162,046 62,567
Income tax expense (608) (649) (587)
Profit/(loss) for the year 181,460 161,397 61,979
Attributable to the owners of non-controlling interest 84 43 459
Attributable to the owners of parent $ 181,377 $ 161,353 $ 61,520
Attributable to the owners of parent:      
Basic earnings/(loss) per share (in dollars per share) $ 1.12 $ 0.99 $ 0.37
Diluted earnings/(loss) per share (in dollars per share) $ 1.12 $ 0.99 $ 0.37
Weighted average number of shares (basic) (in shares) 161,354,507 162,178,499 164,692,954
Weighted average number of shares (diluted) (in shares) 161,441,782 162,356,735 164,850,091
[1] Other revenues mainly relate to technical management services provided and are presented in accordance with IFRS 15.