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Revenue (Tables)

12 Months Ended

Dec. 31, 2024

Revenue

Schedule of disaggregation of revenue from contracts with customers

​

​	​	​	​	​
EUR’000		2024	2023	2022
Revenue disaggregation	​	​	​	​
Time charter services and transportation and installation services	​	226,545	99,841	104,578
Other revenue, including fees earned for early termination by customers of contracts	​	22,193	8,781	1,846
Total revenue		248,738	108,622	106,424

​

Schedule of transaction price allocated to remaining performance obligations

​

​	​	​	​	​
EUR’000		2024	2023	2022
Beginning of financial year		13,881	3,157	16,156
Acquisition of businesses	​	—	1,913	—
Deferred during the period		45,360	10,670	2,857
Recognised as revenue during the period		(11,928)	(1,859)	(15,856)
Exchange differences	​	24	—	—
Total deferred revenue at end of period	​	47,337	13,881	3,157
Current	​	45,590	12,103	1,831
Non-current		1,747	1,778	1,326

Schedule of Contract backlog

​

​	​	​	​	​
​	​	Within 1	After 1	​
EUR million		year	year	Total
Contract backlog	​	​	​	​
Firm	​	372	1,534	1,906
Subject to exercise of counterparty options (non-contingent)		28	187	215
Subject to exercise of counterparty options (contingent)	​	28	187	215
Total as of 31 December 2024	​	428	1,908	2,336
Firm	​	176	1,201	1,377
Subject to exercise of counterparty options (non-contingent)	​	16	163	179
Subject to exercise of counterparty options (contingent)	​	16	163	179
Total as of 31 December 2023	​	208	1,527	1,735
Contract backlog as of 31 December 2022	​	​	​	​
Firm	​	81	574	655
Subject to exercise of counterparty options (non-contingent)	​	2	123	125
Subject to exercise of counterparty options (contingent)	​	2	123	125
Total as of 31 December 2022		85	820	905

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- Definition

The disclosure of the disaggregation of revenue from contracts with customers. [Refer: Revenue from contracts with customers]

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The disclosure of the transaction price allocated to the remaining performance obligations in contracts with customers.

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