EXMAR report 2025

5.2 Consolidated financial statements 183 Consolidated statement of financial position (IN THOUSANDS OF USD) NOTE DECEMBER 31, 2025 DECEMBER 31, 2024 Non-current assets 621,960 601,528 Vessels and barges 13 360,390 368,575 Other property, plant and equipment 14 2,846 2,336 Intangible assets 730 175 Right-of-use assets 15 8,197 4,253 Investments in equity accounted investees 16 181,878 159,687 Deferred tax assets 19 2,558 4,635 Other non-current financial assets 20 10,094 260 Derivative financial assets 0 586 Financial assets at FVTPL 21 55,268 61,021 Current assets 281,271 418,658 Assets held for sale 13 8,708 14,731 Derivative financial assets 29 67 1,072 Trade and other receivables 22 77,420 123,886 Short term borrowings to equity accounted investees 18 0 48 Current tax assets 19 8,103 4,184 Restricted cash 23 7,132 0 Cash and cash equivalents 23 179,842 274,737 Total assets 903,232 1,020,186 Equity 549,113 609,626 Equity attributable to owners of the Company 549,117 609,645 Share capital 24 274,955 88,812 Share premium 92,382 125,359 Reserves 107,436 214,485 Result for the period 74,343 180,989 Non-controlling interest -4 -19 Non-current liabilities 251,042 299,109 Borrowings 26 244,998 277,794 Derivative financial liabilities 29 888 1,240 Employee benefit obligations 27 554 785 Provisions 4,601 19,289 Current liabilities 103,078 111,452 Borrowings 26 33,175 38,759 Trade and other payables 28 66,587 66,252 Current tax liability 19 3,316 6,441 Total liabilities 354,119 410,560 Total equity and liabilities 903,232 1,020,186