EXMAR report 2025

2.3 Supporting services 48 2.3 EXMAR’s core activities in the energy value chain are accompanied by a broad range of supporting services for a wide variety of clients. EXMAR Ship Management is a major international player in the operation, crewing, and maintenance of vessels and offshore installations. TRAVEL PLUS is a specialized independent operator offering crew, business, and luxury travel services. EXMAR Yachting is the exclusive manager of luxury motor yachts, sailing yachts, and catamarans in Belgium. December 31, 2025 December 31, 2024 PROPORTIONATE CONSOLIDATION - SUPPORTING SERVICES (IN MILLIONS OF USD) Revenue 67.7 90.2 EBITDA -7.9 22.8 Adjusted EBITDA -7.9 2.2 Operating result (EBIT) -9.9 21.2 Segment result after tax -1.5 38.7 Financial debts 2.9 2.8 2.3.1 EXMAR Ship Management EXMAR Ship Management delivers high-quality asset management and related services to owners of floating energy infrastructure and ship owners active in the seaborne transportation of LNG, LPG, ammonia, and other gases. Leveraging decades of experience operating complex floating assets to standards above industry norms, and pioneering expertise in regasification, liquefaction, and cryogenic transshipment at sea, EXMAR Ship Management ensures the safe and reliable execution of complex operations. With offices located across the globe, including Belgium, the Netherlands, Congo, India, Singapore, and Jamaica, EXMAR Ship Management remains close to its customers in the gas and oil industry, thereby strengthening service delivery and enabling effective collaboration. 2.3.1.1 INFRASTRUCTURE This year marked the consolidation of EXMAR Ship Management floating infrastructure operations, with successful steady and reliable service performed for our customers across the globe through our company subsidiaries in Singapore, Congo and the Netherlands. In the Netherlands we continued supporting EET with the regasification operations of Eemshaven LNG, consistently fulfilling our O&M obligations throughout the year. In Pointe Noire, Congo, we completed a strong year of operations of the near-shore CONGO LNG project for ENI, as well as the NKOSSA II for Trident. Both our teams onboard and ashore delivered high-quality performance, ensuring these complex units operated above expectations, like the excellent work carried out on the accommodation barge Nunce, operating Offshore Angola. Equally important has been the continuation of our crewing services to Green Zeebrugge, on behalf of their owners, and through our Italian subsidiary ECOS the services to the FSRU Toscana, which has maintained full employment in 2025. SUPPORTING SERVICES