EXMAR report 2025

— — 5.3 STATUTORY FINANCIAL STATEMENTS EXMAR NV 250 Note 23 - Restricted cash and cash and cash equivalents 224 Note 24 - Share capital and reserves 225 Note 25 - Earnings per share 226 Note 26 - Borrowings 227 Note 27 - Employee benefits  230 Note 28 - Trade and other payables 232 Note 29 - Financial risks and financial instruments 232 Note 30 - Leases 238 Note 31 - Capital commitments 239 Note 32 - Contingencies 239 Note 33 - Related parties 240 Note 34 - Group entities 242 Note 35 - Fees statutory auditor  244 Note 36 - Subsequent events 244 Significant judgements and estimates 244 Statement on the true and fair view of the consolidated financial statements and the fair overview of the management report 245 Statutory auditor’s report to the shareholders’ meeting of EXMAR NV for the year ended 31 December 2024 - Consolidated financial statements 245