v3.25.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share EARNINGS PER SHARE
Basic earnings per share “EPS” is calculated with reference to the weighted average number of common shares outstanding during the period.

The components of the numerator for the calculation of basic and diluted EPS are as follows:
Six months ended June 30,
(in thousands of $)20252024
Net income net of non-controlling interests - basic and diluted
23,836 81,127 
The components of the denominator for the calculation of basic and diluted EPS are as follows:
Six months ended June 30,
(in thousands of $)20252024
Basic:
Weighted average number of common shares outstanding104,655 104,278 
Dilutive:
Dilutive impact of share options and RSUs
807 724 
Dilutive impact of 2025 Convertible Bonds (1)
55 — 
Weighted average number of common shares outstanding105,517 105,002 

EPS are as follows:
Six months ended June 30,
20252024
Basic earnings per share ($)
$0.23 $0.78 
Diluted earnings per share ($)
$0.23 $0.77 
(1) On June 30, 2025, we issued $575 million of 2.75% convertible senior unsecured notes (the “2025 Convertible Bonds”), maturing December 15, 2030. The initial conversion rate is 17.3834 common shares per $1,000 principal amount of the bonds, equivalent to conversion price of approximately $57.53 per common share. The time-weighted potential dilutive impact of the issuance has been reflected above.