EXMAR report 2024

1. Panorama 7
1.1 Financial overview 8
1.2 EXMAR at a glance 10
1.3 Our roots and our businesses 12
2. Activity report 21
2.1 Shipping 22
2.2 Infrastructure 32
2.3 Supporting services 40
3. Sustainability report 49
3.1 EXMAR's sustainability journey 52
3.2 Environment 76
3.3 Social 90
3.4 Governance 102
3.5 Appendix 110
4. Corporate governance statement 125
4.1 Corporate governance statement 126
4.2 Internal control and risk management systems – assessment 136
4.3 Remuneration report 144
5. Financial report 151
5.1 Annual report of the Board of Directors to the shareholders 154
5.2 Consolidated financial statements 160
5.3 Statutory financial statements EXMAR NV 228
6. Glossary 231

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