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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Owners' Equity
Share Capital
Treasury Shares
Additional Paid-in Capital
 [1]
Retained Earnings
Non-controlling Interests
Shares outstanding, beginning of period (in shares) at Dec. 31, 2023     53,702,846        
Balance at beginning of the period at Dec. 31, 2023 $ 806,580 $ 735,990 $ 53,703   $ 509,327 $ 172,960 $ 70,590
Increase (Decrease) in Stockholders' Equity              
Net income 63,290 62,641       62,641 649
Share based payments contribution 1,189 1,189     1,189    
Forfeitures of share based compensation (78) (78)     (78)    
Dividends (44,036) (44,036)       (44,036)  
Shares outstanding, end of period (in shares) at Jun. 30, 2024     53,702,846        
Balance at end of the period at Jun. 30, 2024 826,945 755,706 $ 53,703   510,438 191,565 71,239
Shares outstanding, beginning of period (in shares) at Dec. 31, 2023     53,702,846        
Balance at beginning of the period at Dec. 31, 2023 $ 806,580 735,990 $ 53,703   509,327 172,960 70,590
Increase (Decrease) in Stockholders' Equity              
Purchase of treasury Shares (in shares) 0            
Purchase of treasury Shares $ 0            
Shares outstanding, end of period (in shares) at Dec. 31, 2024     53,726,718        
Balance at end of the period at Dec. 31, 2024 761,500 761,500 $ 53,727 $ 0 510,780 196,993 0 [2]
Increase (Decrease) in Stockholders' Equity              
Net income 20,930 20,930       20,930  
Share based payments contribution 1,115 1,115     1,115    
Forfeitures of share based compensation $ (4) (4)     (4)    
Purchase of treasury Shares (in shares) (763,827)   (763,827)        
Purchase of treasury Shares $ (4,313) (4,313)   (4,313)      
Shares outstanding, end of period (in shares) at Jun. 30, 2025     52,962,891        
Balance at end of the period at Jun. 30, 2025 $ 779,228 $ 779,228 $ 53,727 $ (4,313) $ 511,891 $ 217,923 $ 0 [2]
[1] Additional paid-in capital refers to the amounts of capital contributed or paid-in over and above the par value of the Company's issued share capital.
[2] On November 14, 2024, the Company exercised its options to repurchase Kool Ice and Kool Kelvin from the financing lessor SPVs. After exercising the repurchase options, the Company no longer held a variable interest in the lessor SPVs and therefore the Company deconsolidated the lessor SPVs from its financial results. As a result, the equity attributable to lessor SPVs included within non-controlling interests has been deconsolidated.