EXMAR report 2025

5.2 Consolidated financial statements 231 DEFINED BENEFIT PLAN (IN THOUSANDS OF USD) FOR THE PERIOD ENDED DECEMBER 31 2025 2024 CHANGES IN LIABILITIES DURING THE PERIOD (1) Liability as per 1 January 12,359 14,118 Distributions -1,580 -1,943 Actual employee's contributions 231 232 Interest expense 415 432 Current service cost 653 695 Actual taxes on contributions paid (excluding interest) -122 -122 Actuarial gains/losses -1,034 -238 Exchange differences 1,534 -815 Liability as per 31 December 12,455 12,359 CHANGES OF FAIR VALUE OF PLAN ASSETS (1) Plan assets as per 1 January 11,574 13,119 Contributions  1,185 1,188 Distributions  -1,580 -1,943 Interest income 407 423 Actual taxes on contributions paid (excluding interest) -122 -122 Actual administration costs -62 -62 Actuarial gain/loss -962 -279 Exchange differences 1,460 -750 Plan assets as per 31 December (2) 11,901 11,574 Net defined liability as per 31 December 554 785 1 The changes in pension liabilities and plan assets include both the defined benefit plans as the Belgian defined contribution plans which qualify as a defined benefit plan. 2 The plan assets do not include any shares issued by EXMAR or property occupied by EXMAR. (IN THOUSANDS OF USD) FOR THE PERIOD ENDED DECEMBER 31 2025 2024 EXPENSE RECOGNISED IN THE STATEMENT OF PROFIT OR LOSS  Current service expenses  -653 -695 Interest expense -415 -432 Expected return on plan assets 407 423 Administration cost -62 -62 Total pension cost recognised in the income statement (see Note 10) -722 -766 EXPENSE RECOGNISED IN OTHER COMPREHENSIVE INCOME  Recognition of actuarial gains and losses 73 -41 Total pension cost recognised in other comprehensive income 73 -41 The expected employer contributions to be paid for the next financial year amount to: (IN THOUSANDS OF USD) FOR THE PERIOD ENDED DECEMBER 31 2025 2024 EXPECTED NEXT YEAR CONTRIBUTIONS Best estimate of contributions expected to be paid during next year 813 740