EXMAR report 2025

5.2 Consolidated financial statements 241 EXMAR also provides borrowings to its joint ventures and associates for which an interest income is recognised in the financial statements. We refer to Note 18 - Borrowings to equity accounted investees for an overview of these borrowings and to Note 11 - Finance result for the total amount of interest income. TRANSACTIONS WITH KEY MANAGEMENT PERSONNEL In respect of the transactions with key management personnel, we refer to the Remuneration report of 2025 which is included in this financial report (see Corporate Governance Statement). For information relating to conflicts of interests, we refer to the report Board of Directors. Key management (personnel) recharged KEUR 94 expenses and KEUR 0 transaction fee (2024: KEUR 107). BOARD OF DIRECTORS (IN THOUSANDS OF EUR) 2025 2024 Chairman 100 100 Other members (individual amount) 50 50 Total paid 369 450 The total amount paid to the members of the Board of Directors represents the total payments to all non-executive and independent directors for the activities as members of the Board of Directors. The executive directors of EXMAR are only remunerated in their capacity as executive and not in their capacity as executive director/member of the Board. No loans were granted to the members of the Board in 2025 nor 2024. The outstanding amount in respect of recharged private expenses to Mr. Nicolas Saverys was KEUR 211 per December 31, 2025 and KEUR 0 per December 31, 2024. AUDIT AND RISK COMMITTEE (IN THOUSANDS OF EUR) 2025 2024 Chairman 20 20 Other members (individual amount) 10 10 Total paid 42 50 NOMINATION AND REMUNERATION COMMITTEE (IN THOUSANDS OF EUR) 2025 2024 Members (individual amount) 10 10 Total paid 27 30 EXECUTIVE COMMITTEE In line with EXMAR’s total reward principles, the form and level of the Company’s executive remuneration are aligned to company performance and individual skills and performance. The remuneration package is composed of three main elements:  The fixed annual remuneration;  The short-term variable remuneration (STI – short term incentive);  The long-term variable remuneration (LTI- long term incentive). The level and structure of the compensation packages are aligned with market practices for similar functions at comparable companies. End 2025, the Executive Committee consisted of five members. Customary notice periods and severance pay are provided in the agreements with the members of the Executive Committee, taking into account factors such as the position and experience of the executive manager in question, and always within the applicable legal framework.