EXMAR report 2025

5.2 Consolidated financial statements 240 Note 33 - Related parties ULTIMATE CONTROLLING PARTY Saverex NV, the major Belgian shareholder of EXMAR NV prepares IFRS consolidated financial statements which are publicly available. Saverex NV is controlled by Mr. Nicolas Saverys (Executive chairman of the Board of Directors of EXMAR). TRANSACTIONS WITH CONTROLLING SHAREHOLDER AND WITH CONTROLLING SHAREHOLDER RELATED PARTIES Saverbel NV, controlled by Mr. Nicolas Saverys, recharged administrative expenses for KEUR 94 to the Group in 2025 (2024: KEUR 105). The outstanding balance at December 31, 2025 amounted to KEUR 27 (2024: KEUR 24). Saverex NV, also controlled by Mr. Nicolas Saverys, charged consulting fees for KEUR 3.200 during 2025 (2024: KEUR 3.400). The outstanding balance at December 31, 2025 amounted to KEUR 2.000 (2024: KEUR 2.200). Furthermore, Saverex charged KEUR 44 maintenance expenses for the yacht “Douce France” in 2025 (2024: KEUR 0) and KEUR 0 time-charter revenue for the yacht “Douce France” to Exmar Shipmanagement (2024: KEUR 108). The balance outstanding at year-end 2025 amounted to KEUR 0 (2024: KEUR 0). EXMAR Shipmanagement charged KEUR 54 to Saverex for shipmanagement services in respect of the yacht "Douce France" in 2025 (2024: KEUR 43), for which KEUR 1 is outstanding (2024: KEUR 2). EXMAR Yachting charged KEUR 0 to Saverex for commission (2024: KEUR 5), of which no amount is outstanding (2024: KEUR 0). EXMAR NV charged KUSD 174 to Saverex for legal fees in 2025 (2024: KEUR 0), of which KUSD 0 is outstanding. In addition, EXMAR NV charged KUSD 44 to Saverex for Flexjet expenses during 2025 (2024: KEUR 0), for which KUSD 0 is outstanding and KUSD 301 to Saverbel for Flexjet expenses during 2025 (2024: KEUR 0), for which KUSD 0 is outstanding. Travel PLUS invoiced a total of KEUR 54 to Saverex in respect of travel services provided during 2025 (2024: KEUR 130), of which KEUR 0 is outstanding (2024: KEUR 4) and charged travel expenses towards Saverbel NV for a total of KEUR 20 (2024: KEUR 0) of which KEUR 0 is outstanding. TLH Heliskiing invoiced to Exmar group KCAD 255 regarding services rendered (2024: KCAD 329) of which no amount is outstanding (2024: 0). Furthermore, during 2025, an amount of KEUR 234 (2024: KEUR 213) was invoiced to Mr Nicolas Saverys as a recharge of private expenses. The related outstanding balance amounted to KEUR 211 (2024: KEUR 0). Transactions with related parties are at arm’s length conditions. TRANSACTIONS WITH JOINT VENTURES AND ASSOCIATED COMPANIES EXMAR provides general, accounting, corporate, site supervision and ship management services to its joint ventures and associates. For these services, fees are charged based on contractual agreements between all parties involved. Below table gives an overview of the significant receivables, significant payables and the related P&L amount of services provided and received. DECEMBER 31, 2025 DECEMBER 31, 2024 (IN THOUSANDS OF USD) RECEIVABLES PAYABLES CAPEX RECEIVABLES PAYABLES Ship management services 18,285 2,290 0 5,133 1,562 General, accounting and corporate services 1,162 0 0 1,042 0 Site supervision & plan approval services 0 0 0 0 0 Rental services 0 0 0 0 0 2025 2024 (IN THOUSANDS OF USD) SERVICES PROVIDED P&L SERVICES RECEIVED P&L CAPEX SERVICES PROVIDED P&L SERVICES RECEIVED P&L Ship management services 19,262 166 0 10,277 0 General, accounting and corporate services 1,258 0 0 861 0 Site supervision & plan approval services 0 0 0 0 0 Rental & other services 0 0 0 0 0