XML 25 R4.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Attributable to equity holders of the Company
Share capital
Share premium
Treasury shares
Contributed surplus
Capital reserve
Hedging reserve
Share-based payment reserve
Currency translation reserve
Other reserves
Retained earnings
Non-controlling interests
Total
Balance at period beginning at Dec. 31, 2022 $ 1,476,732 $ 1,419 $ 289,812 $ (47,631) $ 685,913 $ (36,259) $ 24,777 $ 2,141 $ (761) $ 325 $ 556,996 $ 119,858 $ 1,596,590
Profit after tax 469,957                   469,957 23,042 492,999
Other comprehensive (loss)/income (51,139)           (52,319)   1,180     1,154 (49,985)
Total comprehensive (loss)/income 418,818           (52,319)   1,180   469,957 24,196 443,014
Share-based payment reserve - Value of employee services 1,696             1,696         1,696
Purchases of treasury shares (23,698)     (23,698)                 (23,698)
Share options exercised 1,658     2,676       68   1,833 (2,919)   1,658
Shares cancellation   (19) (3,959) 12,215             (8,237)    
Dividends paid (405,493)                   (405,493) (27,607) (433,100)
Transfer to tonnage tax reserve                   825 (825)    
Total transactions with owners, recognised directly in equity (425,837) (19) (3,959) (8,807)       1,764   2,658 (417,474) (27,607) (453,444)
Balance at period end at Dec. 31, 2023 1,469,713 1,400 285,853 (56,438) 685,913 (36,259) (27,542) 3,905 419 2,983 609,479 116,447 1,586,160
Profit after tax 354,296                   354,296 40,572 394,868
Other comprehensive (loss)/income 33,501           41,377   (846) (7,030)   (176) 33,325
Total comprehensive (loss)/income 387,797           41,377   (846) (7,030) 354,296 40,396 428,193
Effects of re-domiciliation   285,853 (285,853)   (685,913) 685,913              
Share-based payment reserve - Value of employee services 2,016             2,016         2,016
Capital returns to non-controlling interests                       (4,500) (4,500)
Purchases of treasury shares (100)     (100)                 (100)
Sale of treasury shares 1,091     1,091                 1,091
Issue of new shares 332,615 332,615                     332,615
Share options exercised 575     7,060       (3,342)     (3,143)   575
Dividends paid (388,461)                   (388,461) (21,657) (410,118)
Changes in non-controlling interest (215)                   (215) 1,777 1,562
Transfer to tonnage tax reserve                   6,162 (6,162)    
Total transactions with owners, recognised directly in equity (52,479) 618,468 $ (285,853) 8,051 $ (685,913) 685,913   (1,326)   6,162 (397,981) (24,380) (76,859)
Balance at period end at Dec. 31, 2024 1,805,031 619,868   (48,387)   649,654 13,835 2,579 (427) 2,115 565,794 132,463 1,937,494
Profit after tax 242,313                   242,313 47,398 289,711
Other comprehensive (loss)/income (20,218)           (10,556)   1,760 (11,422)   444 (19,774)
Total comprehensive (loss)/income 222,095           (10,556)   1,760 (11,422) 242,313 47,842 269,937
Share-based payment reserve - Value of employee services 1,753             1,753         1,753
Capital returns to non-controlling interests                       (41,616) (41,616)
Purchases of treasury shares (2,739)     (2,739)                 (2,739)
Share options exercised 523     754       (395)     164   523
Dividends paid (199,855)                   (199,855) (41,120) (240,975)
Changes in non-controlling interest 3,194                   3,194 (2,018) 1,176
Transfer to tonnage tax reserve                   6,407 (6,407)    
Total transactions with owners, recognised directly in equity (197,124)     (1,985)       1,358   6,407 (202,904) (84,754) (281,878)
Balance at period end at Dec. 31, 2025 $ 1,830,002 $ 619,868   $ (50,372)   $ 649,654 $ 3,279 $ 3,937 $ 1,333 $ (2,900) $ 605,203 $ 95,551 $ 1,925,553