EXMAR report 2025

5.2 Consolidated financial statements 243 CONSOLIDATED COMPANIES COUNTRY OF INCORPORATION CONSOLIDATION METHOD OWNERSHIP 2025 2024 Subsidiaries DV Offshore SAS France Full 100.00% 100.00% EXMAR Argentina Argentina Full 100.00% 100.00% EXMAR Energy Hong Kong Ltd Hong Kong Full 100.00% 100.00% EXMAR Energy Netherlands BV Netherlands Full 100.00% 100.00% EXMAR Energy Services BV Netherlands Full 100.00% 100.00% EXMAR Export Netherlands  Netherlands Full 100.00% 100.00% EXMAR Fortitude LNG Limited  Netherlands Full 100.00% 100.00% EXMAR FSRU Hong Kong Ltd  Hong Kong Full 100.00% 100.00% EXMAR Holdings Ltd Liberia Full 100.00% 100.00% EXMAR Hong Kong Ltd Hong Kong Full 100.00% 100.00% EXMAR Import LNG Netherlands BV  Netherlands Full 100.00% 100.00% EXMAR LPG Holding BV Belgium Full 100.00% 100.00% EXMAR LNG Investments Ltd Liberia Full 100.00% 100.00% EXMAR Lux SA Luxembourg Full 100.00% 100.00% EXMAR Marine NV Belgium Full 100.00% 100.00% EXMAR Netherlands BV Netherlands Full 100.00% 100.00% EXMAR NV Belgium Full 100.00% 100.00% EXMAR Offshore Company USA Full 100.00% 100.00% EXMAR Offshore Ltd Bermuda Full 100.00% 100.00% EXMAR Offshore Services SA Luxembourg Full 100.00% 100.00% EXMAR Offshore BV Belgium Full 100.00% 100.00% EXMAR Singapore Pte Ltd Singapore Full 100.00% 100.00% EXMAR Shipmanagement BV Belgium Full 100.00% 100.00% EXMAR Shipmanagement India Private Ltd India Full 100.00% 100.00% EXMAR Small Scale LPG NL BV Netherlands Full 100.00% 100.00% EXMAR Small Scale LPG HK Ltd Hong Kong Full 100.00% 100.00% EXMAR Small Scale LPG BE BV Belgium Full 100.00% 100.00% EXMAR (UK) Shipping Company Ltd Great-Britain Full 100.00% 100.00% EXMAR VLGC BV  Belgium Full 100.00% 100.00% EXMAR VLGC Netherlands BV Netherlands Full 100.00% 100.00% EXMAR Yachting BV Belgium Full 100.00% 100.00% Franship Offshore Lux SA Luxembourg Full 100.00% 100.00% Internationaal Maritiem Agentschap NV Belgium Full 99.03% 99.03% Seavie Caribean Ltd Jamaica Jamaica Full 100.00% 100.00% Seavie Private Ltd India Full 100.00% 100.00% Solaia Shipping Llc Liberia Full 100.00% 100.00% Tecto Cyprus Ltd Cyprus Full 100.00% 100.00% Exmar Shipmanagement Lux SA Luxembourg Full 100.00% 100.00% Travel Plus BV Belgium Full 100.00% 100.00% 1 New company in 2025 2 Shares sold 3 Company liquidated in 2025