EXMAR report 2025
5.2 Consolidated financial statements 239 The operating lease amounts below for the equity accounted investees are limited to EXMAR’s share in the expected operating lease payments. (IN THOUSANDS OF USD) 2025 2024 Less than one year 63,662 75,365 One to two years 37,212 60,826 Two to three years 22,100 37,070 Three to four years 18,250 22,058 Four to five years 18,250 18,250 More than five years 54,856 73,106 Total operating leases under IFRS 16 (Subsidiaries) As of December 31 214,330 286,675 Less than one year 60,184 78,086 One to two years 14,731 19,664 Two to three years 6,627 8,996 Three to four years 0 1,812 Total operating leases under IFRS 16 (Equity accounted investees) As of December 31 81,542 108,557 Note 31 - Capital commitments As per December 31, 2025, the Group has capital commitments for a total value of USD 484.2 million: USD 155.0 million representing Exmar’s part of an order placed together with its joint-venture partner SEAPEAK (each 50%) for four 46,000m 3 newbuild dual-fuel MGC’s and three 41,000m 3 newbuild MGC’s. USD 309.4 million of commitment for investments in four Suez Max vessels. USD 19.8 million of commitment, for the acquisition of an LNG Floating Storage Unit to be employed in Colombia. Note 32 - Contingencies Several of the Group’s companies are involved in a number of legal disputes arising from their day-to-day operations. Management does not expect the outcome of these procedures to have any material effect on the Group’s financial position.
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