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v3.26.1

Consolidated Income Statement - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Consolidated Income Statement [Abstract] |  |  |  |
Shipping revenues |  | $ 497,197 | $ 567,835 | $ 556,075
Other revenues | [1] | 1,203 | 3,938 | 4,481
Total revenues |  | 498,400 | 571,773 | 560,556
Gain on sale of vessels |  | 52,943 | 0 | 0
Other income |  | 970 | 0 | 0
Operating expenses |  |  |  |
Voyage expenses |  | (128,088) | (179,623) | (165,667)
Vessel operating expenses |  | (72,994) | (78,594) | (75,429)
Depreciation and amortization |  | (106,370) | (111,884) | (108,902)
Reversal of prior impairment charges |  | 0 | 27,909 | 0
General and administrative expense |  | (19,890) | (18,944) | (17,448)
Total operating expenses |  | (327,342) | (361,136) | (367,447)
Operating income |  | 224,972 | 210,637 | 193,110
Interest income |  | 3,139 | 3,918 | 4,485
Interest expense |  | (14,169) | (30,399) | (33,061)
Net loss on derivative instruments at fair value |  | (170) | 0 | (504)
Other financial expense |  | (2,396) | (2,088) | (1,984)
Profit before tax |  | 211,376 | 182,069 | 162,046
Income tax expense |  | (413) | (608) | (649)
Profit for the year |  | 210,962 | 181,460 | 161,397
Attributable to the owners of non-controlling interest |  | (130) | 84 | 43
Attributable to the owners of parent |  | $ 211,092 | $ 181,377 | $ 161,353
Attributable to the owners of parent: |  |  |  |
Basic earnings per share (in dollars per share) |  | $ 1.31 | $ 1.12 | $ 0.99
Diluted earnings per share (in dollars per share) |  | $ 1.31 | $ 1.12 | $ 0.99
Weighted average number of shares (basic) (in shares) |  | 160,690,206 | 161,354,507 | 162,178,499
Weighted average number of shares (diluted) (in shares) |  | 160,773,279 | 161,441,782 | 162,356,735
[1] | Other revenues mainly relate to technical management services provided and are presented in accordance with IFRS 15.

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