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sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:113.99000000000001pt;position:var(--position);text-decoration:none;white-space:pre"> (‘‘the Company’’) is a Dutch European public company with limited liability incorporated under the laws of</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:532.36pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:237pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the Netherlands</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:135.47pt;position:var(--position);text-decoration:none;white-space:pre">. The Company (</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:202.27pt;position:var(--position);text-decoration:none;white-space:pre">COC 24435214</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:264.75pt;position:var(--position);text-decoration:none;white-space:pre">) has its official seat in </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:355.04pt;position:var(--position);text-decoration:none;white-space:pre">Amsterdam, the Netherlands</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:469.48pt;position:var(--position);text-decoration:none;white-space:pre"> and its </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:249pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">registered office is at </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:157.29000000000002pt;position:var(--position);text-decoration:none;white-space:pre">Laarderhoogtweg 25, 1101 EB Amsterdam, the Netherlands.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:273pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">argenx SE</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:113.99000000000001pt;position:var(--position);text-decoration:none;white-space:pre"> is a publicly traded company with ordinary shares listed on </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:351.35pt;position:var(--position);text-decoration:none;white-space:pre">Euronext Brussels</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:424.32pt;position:var(--position);text-decoration:none;white-space:pre"> under the symbol  “</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:503.78pt;position:var(--position);text-decoration:none;white-space:pre">ARGX</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:529.27pt;position:var(--position);text-decoration:none;white-space:pre">” </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:285pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">since July 2014 and with </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:171.97pt;position:var(--position);text-decoration:none;white-space:pre">American Depositary Shares listed on Nasdaq</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:355.87pt;position:var(--position);text-decoration:none;white-space:pre"> under the symbol “</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:432.83pt;position:var(--position);text-decoration:none;white-space:pre">ARGX</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:458.32pt;position:var(--position);text-decoration:none;white-space:pre">” since May</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:504.29pt;position:var(--position);text-decoration:none;white-space:pre"> 2017.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:309pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The unaudited condensed consolidated financial statements have been approved for issue by the Company’s Board </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:321pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">of Directors (the “Board”) on </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:186.41pt;position:var(--position);text-decoration:none;white-space:pre">July 21, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:239.9pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Basis of preparation and changes to the </span><div style="font-size:20pt;line-height:20pt;position:var(--position);top:375pt;width:612pt"><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Company's accounting policies</span></div><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:15pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">2.1. <span id="ic468863b802f497d9e9862e46df58dd6"></span></span><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:15pt;font-style:normal;font-weight:normal;left:101.16pt;position:var(--position);text-decoration:none;white-space:pre">Basis of preparation</span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:444pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The unaudited condensed consolidated interim financial statements for the six months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:443.85pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:500.85pt;position:var(--position);text-decoration:none;white-space:pre"> have </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:456pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">been prepared in accordance with IAS 34 </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:italic;font-weight:normal;left:239.44pt;position:var(--position);text-decoration:none;white-space:pre">Interim Financial Reporting</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:346.84pt;position:var(--position);text-decoration:none;white-space:pre"> under IFRS</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:395.31pt;position:var(--position);text-decoration:none;top:-2.293pt;vertical-align:super;white-space:pre">®</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:399.62pt;position:var(--position);text-decoration:none;white-space:pre"> Accounting Standards (IFRS) as </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:468pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">adopted by the European Union (EU-IFRS). The unaudited condensed consolidated interim financial statements </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:480pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">should be read in conjunction with the annual consolidated financial statements for the year ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:464.84pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:492pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:92pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:516pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">All amounts herein are presented in millions of US dollars (</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:305.82pt;position:var(--position);text-decoration:none;white-space:pre">$</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:310.82pt;position:var(--position);text-decoration:none;white-space:pre">)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:313.81pt;position:var(--position);text-decoration:none;white-space:pre">, unless otherwise indicated, rounded to the nearest </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:528pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">m</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:79.49pt;position:var(--position);text-decoration:none;white-space:pre">illion. Due to rounding, amounts presented may not add up precisely to the totals shown.</span></div><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:15pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">2.2. <span id="i80947aaa557e4c359d4fa91393a5b653"></span></span><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:15pt;font-style:normal;font-weight:normal;left:101.16pt;position:var(--position);text-decoration:none;white-space:pre">New standards, interpretations and amendments adopted by the </span><div style="font-size:15pt;line-height:15pt;position:var(--position);top:573pt;width:612pt"><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:15pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Company</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:603pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The accounting policies adopted in the preparation of the unaudited interim condensed consolidated financial </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:615pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">statements are consistent with those followed in the preparation of the Company’s annual consolidated financial </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:627pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">statements for the year ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:193.97pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:272.94pt;position:var(--position);text-decoration:none;white-space:pre">, except for the adoption of new standards effective as of </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:639pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:136.49pt;position:var(--position);text-decoration:none;white-space:pre">. The Company has not early adopted any standards, interpretation or amendment that has been </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:651pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">issued but is not yet effective.</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:72pt;width:612pt"><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:12pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Classification and Measurement of Financial Instruments - Amendments to IFRS 9 and <span id="i6e2127990aae4a7f8fda7ceee08bc673"></span></span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:86pt;width:612pt"><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:12pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 7</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:106pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Issued in May 2024 and effective as of January 1, 2026, the amendments address matters identified during the post-</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:118pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">implementation review of the classification and measurement requirements of IFRS 9 Financial Instruments. The </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:130pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">amendments had no material impact on the Company’s interim condensed financial statements.</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:154pt;width:612pt"><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:12pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Annual Improvements to IFRS accounting Standards – Volume 11 <span id="idb4d9c31c95e4220a1644267a45137cc"></span></span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:174pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Issued in July 2024 and effective as of January 1, 2026, the volume contains amendments to five standards as result </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:186pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">of the IASB's annual improvements project. The amendments had no material impact on the Company’s interim </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:198pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">condensed financial statements.</span></div> <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:15pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">2.1. <span id="ic468863b802f497d9e9862e46df58dd6"></span></span><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:15pt;font-style:normal;font-weight:normal;left:101.16pt;position:var(--position);text-decoration:none;white-space:pre">Basis of preparation</span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:444pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The unaudited condensed consolidated interim financial statements for the six months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:443.85pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:500.85pt;position:var(--position);text-decoration:none;white-space:pre"> have </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:456pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">been prepared in accordance with IAS 34 </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:italic;font-weight:normal;left:239.44pt;position:var(--position);text-decoration:none;white-space:pre">Interim Financial Reporting</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:346.84pt;position:var(--position);text-decoration:none;white-space:pre"> under IFRS</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:395.31pt;position:var(--position);text-decoration:none;top:-2.293pt;vertical-align:super;white-space:pre">®</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:399.62pt;position:var(--position);text-decoration:none;white-space:pre"> Accounting Standards (IFRS) as </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:468pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">adopted by the European Union (EU-IFRS). The unaudited condensed consolidated interim financial statements </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:480pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">should be read in conjunction with the annual consolidated financial statements for the year ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:464.84pt;position:var(--position);text-decoration:none;white-space:pre">December 31, </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:492pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:92pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:516pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">All amounts herein are presented in millions of US dollars (</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:305.82pt;position:var(--position);text-decoration:none;white-space:pre">$</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:310.82pt;position:var(--position);text-decoration:none;white-space:pre">)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:313.81pt;position:var(--position);text-decoration:none;white-space:pre">, unless otherwise indicated, rounded to the nearest </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:528pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">m</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:79.49pt;position:var(--position);text-decoration:none;white-space:pre">illion. Due to rounding, amounts presented may not add up precisely to the totals shown.</span></div> <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:15pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">2.2. <span id="i80947aaa557e4c359d4fa91393a5b653"></span></span><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:15pt;font-style:normal;font-weight:normal;left:101.16pt;position:var(--position);text-decoration:none;white-space:pre">New standards, interpretations and amendments adopted by the </span><div style="font-size:15pt;line-height:15pt;position:var(--position);top:573pt;width:612pt"><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:15pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Company</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:603pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The accounting policies adopted in the preparation of the unaudited interim condensed consolidated financial </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:615pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">statements are consistent with those followed in the preparation of the Company’s annual consolidated financial </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:627pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">statements for the year ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:193.97pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:272.94pt;position:var(--position);text-decoration:none;white-space:pre">, except for the adoption of new standards effective as of </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:639pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">January 1, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:136.49pt;position:var(--position);text-decoration:none;white-space:pre">. The Company has not early adopted any standards, interpretation or amendment that has been </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:651pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">issued but is not yet effective.</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:72pt;width:612pt"><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:12pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Classification and Measurement of Financial Instruments - Amendments to IFRS 9 and <span id="i6e2127990aae4a7f8fda7ceee08bc673"></span></span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:86pt;width:612pt"><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:12pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">IFRS 7</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:106pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Issued in May 2024 and effective as of January 1, 2026, the amendments address matters identified during the post-</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:118pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">implementation review of the classification and measurement requirements of IFRS 9 Financial Instruments. The </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:130pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">amendments had no material impact on the Company’s interim condensed financial statements.</span></div><div style="font-size:12pt;line-height:12pt;position:var(--position);top:154pt;width:612pt"><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:12pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Annual Improvements to IFRS accounting Standards – Volume 11 <span id="idb4d9c31c95e4220a1644267a45137cc"></span></span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:174pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Issued in July 2024 and effective as of January 1, 2026, the volume contains amendments to five standards as result </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:186pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">of the IASB's annual improvements project. The amendments had no material impact on the Company’s interim </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:198pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">condensed financial statements.</span></div> <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Inventories</span><div style="position:var(--position);top:267pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:301.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.47pt;position:var(--position);text-decoration:none;white-space:pre">As of June 30,</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.48pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:-29.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-18.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-7.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:-29.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-18.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-7.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Raw materials and consumables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">252<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">336<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Inventories in process</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">34<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">56<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finished goods</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">85<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">82<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total inventories</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:63.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">371<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:63.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">474<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:360.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The cost of inventories, which is recognized under “Cost of sales” on the unaudited condensed consolidated </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:372.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">statements of profit or loss, amounted to </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:234.94pt;position:var(--position);text-decoration:none;white-space:pre">$114</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:254.28pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:256.78pt;position:var(--position);text-decoration:none;white-space:pre">million for the six months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:385.7pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:442.7pt;position:var(--position);text-decoration:none;white-space:pre"> (compared to </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:500.67pt;position:var(--position);text-decoration:none;white-space:pre">$119</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:520.01pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:384.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">million for the six months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:200.92pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:257.91999999999996pt;position:var(--position);text-decoration:none;white-space:pre">).</span></div> <div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:301.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.47pt;position:var(--position);text-decoration:none;white-space:pre">As of June 30,</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.48pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:-29.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-18.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-7.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:-29.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-18.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-7.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Raw materials and consumables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">252<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">336<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Inventories in process</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">34<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">56<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Finished goods</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">85<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">82<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total inventories</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:63.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">371<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:63.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">474<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div> 252000000 336000000 34000000 56000000 85000000 82000000 371000000 474000000 114000000 119000000 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other receivables</span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:453.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other receivables are composed of receivables which are detailed below:</span></div><div style="position:var(--position);top:477.5pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:301.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.47pt;position:var(--position);text-decoration:none;white-space:pre">As of June 30,</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.48pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:-29.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-18.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-7.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:-29.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-18.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-7.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:57.64pt;position:var(--position);text-decoration:none;white-space:pre">1,832</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">1,490<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:68.74pt;position:var(--position);text-decoration:none;white-space:pre">75</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:64.3pt;position:var(--position);text-decoration:none;white-space:pre">123</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">24<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">34<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:69.77pt"></span></span><span style="left:72.39999999999999pt;position:var(--position)">–<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:69.77pt"></span></span><span style="left:72.39999999999999pt;position:var(--position)">–<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total trade and other receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:76.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:76.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">1,931<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:76.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">1,647<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:583.75pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:89.99pt;position:var(--position);text-decoration:none;white-space:pre">carrying amounts of trade and other receivables</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:280.4pt;position:var(--position);text-decoration:none;white-space:pre"> approximate their respective fair values. On </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:458.8pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:515.8pt;position:var(--position);text-decoration:none;white-space:pre"> and </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:595.75pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:150.97pt;position:var(--position);text-decoration:none;white-space:pre">, the Company did </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:226.44pt;position:var(--position);text-decoration:none;white-space:pre">no</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:236.44pt;position:var(--position);text-decoration:none;white-space:pre">t have a material provision for expected credit losses.</span></div> <span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other receivables are composed of receivables which are detailed below:</span><div style="position:var(--position);top:477.5pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:301.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.47pt;position:var(--position);text-decoration:none;white-space:pre">As of June 30,</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.48pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:-29.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-18.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-7.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:-29.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-18.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-7.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:57.64pt;position:var(--position);text-decoration:none;white-space:pre">1,832</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">1,490<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Tax receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:68.74pt;position:var(--position);text-decoration:none;white-space:pre">75</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:64.3pt;position:var(--position);text-decoration:none;white-space:pre">123</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Interest receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">24<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">34<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:69.77pt"></span></span><span style="left:72.39999999999999pt;position:var(--position)">–<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:69.77pt"></span></span><span style="left:72.39999999999999pt;position:var(--position)">–<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total trade and other receivables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:76.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:76.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">1,931<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:76.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">1,647<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 1832000000 1490000000 75000000 123000000 24000000 34000000 0 0 1931000000 1647000000 0 0 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Financial assets - Current</span><div style="position:var(--position);top:664.75pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:301.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.47pt;position:var(--position);text-decoration:none;white-space:pre">As of June 30,</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.48pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:-29.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-18.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-7.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Term accounts</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">1,600<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">949<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total current financial assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:57.64pt;position:var(--position);text-decoration:none;white-space:pre">1,600</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">949<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:72pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">On </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:86.5pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:143.5pt;position:var(--position);text-decoration:none;white-space:pre">, the Company held </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:223.97pt;position:var(--position);text-decoration:none;white-space:pre">no</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:233.97pt;position:var(--position);text-decoration:none;white-space:pre"> current financial assets denominated in foreign currencies. As of the year </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:84pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:99.5pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:178.47pt;position:var(--position);text-decoration:none;white-space:pre"> the Company held </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:256.44pt;position:var(--position);text-decoration:none;white-space:pre">$59 million</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:299.39pt;position:var(--position);text-decoration:none;white-space:pre"> (</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:304.88pt;position:var(--position);text-decoration:none;white-space:pre">€50 million</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:347.83pt;position:var(--position);text-decoration:none;white-space:pre">)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:350.82pt;position:var(--position);text-decoration:none;white-space:pre"> current financial assets denominated in EUR </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:96pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">which could generate a foreign currency exchange gain or loss in the financial results in accordance with the </span></div><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">fluctuations of the USD/EUR exchange rate as the Company’s </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:321.74pt;position:var(--position);text-decoration:none;white-space:pre">functional</span> currency is USD. <div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:301.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.47pt;position:var(--position);text-decoration:none;white-space:pre">As of June 30,</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.48pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:-29.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-18.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-7.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Term accounts</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">1,600<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">949<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total current financial assets</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:57.64pt;position:var(--position);text-decoration:none;white-space:pre">1,600</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">949<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div> 1600000000 949000000 1600000000 949000000 59000000 50000000 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents</span><div style="position:var(--position);top:177pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:301.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.47pt;position:var(--position);text-decoration:none;white-space:pre">As of June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.48pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">3,068<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">2,541<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Term accounts</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">500<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">945<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and bank balances</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:51pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">16<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:69.77pt"></span></span><span style="left:72.39999999999999pt;position:var(--position)">5<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total cash and cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:63.75pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">3,584<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">3,491<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:270.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Cash and cash equivalents comprise cash and bank balances, term accounts with an original maturity not exceeding </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:282.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">three </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:94.99pt;position:var(--position);text-decoration:none;white-space:pre">months,</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:126.97999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> and money market funds that are readily convertible to cash and are subject to an </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:456.86pt;position:var(--position);text-decoration:none;white-space:pre">insignificant</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:503.82pt;position:var(--position);text-decoration:none;white-space:pre"> risk of </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:294.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">changes in value. </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:318.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Cash positions are invested with preferred financial partners, which are considered to be high quality financial </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:330.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">institutions with sound credit ratings to reduce credit risk</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:294.86pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:354.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">On </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:86.5pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:143.5pt;position:var(--position);text-decoration:none;white-space:pre">, cash and cash equivalents included</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:290.46000000000004pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:292.96000000000004pt;position:var(--position);text-decoration:none;white-space:pre">$214 million</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:340.91pt;position:var(--position);text-decoration:none;white-space:pre"> (</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:346.4pt;position:var(--position);text-decoration:none;white-space:pre">€188 million</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:394.35pt;position:var(--position);text-decoration:none;white-space:pre">)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:397.34pt;position:var(--position);text-decoration:none;white-space:pre"> h</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:404.84pt;position:var(--position);text-decoration:none;white-space:pre">eld in EUR (compared to  </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:366.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">$97 million</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:114.95pt;position:var(--position);text-decoration:none;white-space:pre"> (</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:120.44pt;position:var(--position);text-decoration:none;white-space:pre">€83 million</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:163.39pt;position:var(--position);text-decoration:none;white-space:pre">) for the period ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:251.85pt;position:var(--position);text-decoration:none;white-space:pre">December 31, 2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:330.82pt;position:var(--position);text-decoration:none;white-space:pre">) which could generate a foreign currency exchange </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:378.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">gain or loss in the financial results in accordance with the fluctuations of the USD/EUR exchange rate as the </span></div><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Company’s </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:119.31pt;position:var(--position);text-decoration:none;white-space:pre">functional</span> currency is USD. <div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:301.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.47pt;position:var(--position);text-decoration:none;white-space:pre">As of June 30,</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.48pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Money market funds</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">3,068<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">2,541<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Term accounts</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">500<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.89pt"></span></span><span style="left:63.52pt;position:var(--position)">945<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Cash and bank balances</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:51pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:65.33pt"></span></span><span style="left:67.96pt;position:var(--position)">16<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:69.77pt"></span></span><span style="left:72.39999999999999pt;position:var(--position)">5<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total cash and cash equivalents</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:63.75pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">3,584<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:54.23pt"></span></span><span style="left:56.86pt;position:var(--position)">3,491<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div> 3068000000 2541000000 500000000 945000000 16000000 5000000 3584000000 3491000000 214000000 188000000 97000000 83000000 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Share capital and share premium</span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:459.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">On </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:86.5pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:143.5pt;position:var(--position);text-decoration:none;white-space:pre">, the Company’s share capital was represented by </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:345.25pt;position:var(--position);text-decoration:none;white-space:pre">62,537,923</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:390.25pt;position:var(--position);text-decoration:none;white-space:pre"> shares. All shares were issued, fully </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:471.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">paid up and of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:131.49pt;position:var(--position);text-decoration:none;white-space:pre">the</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:143.99pt;position:var(--position);text-decoration:none;white-space:pre"> same class. </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:196.31pt;position:var(--position);text-decoration:none;white-space:pre">The table below summarizes the share issuances as a result of the exercise of stock </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:483.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">options and vesting of restricted stock units under the Company’s Employee Stock Option Plan, for the period ended </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:495.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:129pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="position:var(--position);top:519.5pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:405pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:405pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:405pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Number of shares outstanding on December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);width:3pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:14pt"></span></span><span style="left:16.63pt;position:var(--position)">61,883,306<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:405pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:405pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Exercise of stock options</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:25.1pt"></span></span><span style="left:27.73pt;position:var(--position)">564,463<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:405pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:405pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Vesting of RSUs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:29.54pt"></span></span><span style="left:32.17pt;position:var(--position)">90,154<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:405pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:405pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Number of shares outstanding on June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:14pt"></span></span><span style="left:16.63pt;position:var(--position)">62,537,923<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 62537923 <span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:196.31pt;position:var(--position);text-decoration:none;white-space:pre">The table below summarizes the share issuances as a result of the exercise of stock </span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:483.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">options and vesting of restricted stock units under the Company’s Employee Stock Option Plan, for the period ended </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:495.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:129pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="position:var(--position);top:519.5pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:405pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:405pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:405pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Number of shares outstanding on December 31, 2025</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);width:3pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:14pt"></span></span><span style="left:16.63pt;position:var(--position)">61,883,306<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:405pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:405pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Exercise of stock options</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:12.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:25.1pt"></span></span><span style="left:27.73pt;position:var(--position)">564,463<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:405pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:405pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Vesting of RSUs</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:29.54pt"></span></span><span style="left:32.17pt;position:var(--position)">90,154<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:405pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:405pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Number of shares outstanding on June 30, 2026</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"><div style="left:405pt;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:2.33pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:bold;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:14pt"></span></span><span style="left:16.63pt;position:var(--position)">62,537,923<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 61883306 564463 90154 62537923 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Share-based payments</span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:632.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The Company has an equity incentive plan for the employees, key consultants, board members, senior managers </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:644.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">and key outside advisors (“key persons”) of the Company and its subsidiaries. In accordance with the term of the </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:656.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">plan, as approved by shareholders, employees may be granted stock options and/or restricted stock units and/or </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:668.5pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">performance stock units. </span></div><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:15pt;font-style:normal;font-weight:normal;left:118.8pt;position:var(--position);text-decoration:none;white-space:pre">Stock options</span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:102pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The stock options are granted to key persons of the Company and its subsidiaries. The stock options may be granted </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:114pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">to purchase ordinary shares at an exercise price. The stock options have been granted free of charge. Each </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:126pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">employee’s stock option converts into </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:223.78pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:238.78pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary share of the Company upon exercise. The stock options carry </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:138pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">neither rights to dividends nor voting rights. </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:245.9pt;position:var(--position);text-decoration:none;white-space:pre">Stock options may be exercised at any time from the date of vesting to </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:150pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the date of their expiry. </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:174pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The stock options granted vest, in principle, as follo</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:275.9pt;position:var(--position);text-decoration:none;white-space:pre">w</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:282.39pt;position:var(--position);text-decoration:none;white-space:pre">s:</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:198pt;width:612pt"><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:84.24pt;position:var(--position);text-decoration:none;white-space:pre">1/3</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:96.74pt;position:var(--position);text-decoration:none;top:-2.293pt;vertical-align:super;white-space:pre">rd</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:101.92999999999999pt;position:var(--position);text-decoration:none;white-space:pre"> of the total stock options granted on the first anniversary of the granting of the stock options; and </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:215pt;width:612pt"><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">•</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:84.24pt;position:var(--position);text-decoration:none;white-space:pre">1/36</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:101.74pt;position:var(--position);text-decoration:none;top:-2.293pt;vertical-align:super;white-space:pre">th</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:106.61pt;position:var(--position);text-decoration:none;white-space:pre"> of the total grant on the first day of each month following the first anniversary of the date of grant of the stock </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:227pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:84.24pt;position:var(--position);text-decoration:none;white-space:pre">options. </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:244pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Stock options granted to any non-executive directors vest on the third anniversary of the date of grant. For grants as </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:256pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">of January 1, 2026, stock options granted to an executive director vests on the third anniversary of the date of grant.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:280pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Upon leave of the key persons stock options must be exercised before the later of (i) 90 days after the last working </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:292pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">day at argenx, or (ii) March 31 of the 4th year following the date of grant of those stock options, and in any case no </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:304pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">later than the expiration date of the option.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:328pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">No other conditions are attached to stock options.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:352pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Below is an overview of the parameters used in relation to the new grant during the </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:404.33pt;position:var(--position);text-decoration:none;white-space:pre">six</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:415.32pt;position:var(--position);text-decoration:none;white-space:pre"> months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:477.31pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:534.31pt;position:var(--position);text-decoration:none;white-space:pre">:</span></div><div style="position:var(--position);top:376pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:301.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Stock options granted in</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:34.11pt;position:var(--position);text-decoration:none;white-space:pre">March 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.16pt;position:var(--position);text-decoration:none;white-space:pre">June 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:70.78pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:73pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">1)</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Number of options granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">18,983</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:48.76pt;position:var(--position);text-decoration:none;white-space:pre">397,549</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Average Fair value of options (in $) </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:129pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:21.68pt;position:var(--position);text-decoration:none;white-space:pre">250.03</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:46.1pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">308.64</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:21.68pt;position:var(--position);text-decoration:none;white-space:pre">369.26</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:46.1pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">401.72</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share price (in $) </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:66.1pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:21.68pt;position:var(--position);text-decoration:none;white-space:pre">713.80</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:46.1pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">822.80</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">924.51</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Exercise price (in $) </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:75.42999999999999pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">704.83</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">894.88</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected volatility</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:23.45pt;position:var(--position);text-decoration:none;white-space:pre">38.81</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:43.43pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:50.53pt;position:var(--position);text-decoration:none;white-space:pre">39.99%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:63.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:50.53pt;position:var(--position);text-decoration:none;white-space:pre">38.60</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:70.51pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Average Expected option life (in years)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:76.5pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:39.44pt;position:var(--position);text-decoration:none;white-space:pre">4.30</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:54.98pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:62.08pt;position:var(--position);text-decoration:none;white-space:pre">6.50</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:76.5pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:39.44pt;position:var(--position);text-decoration:none;white-space:pre">5.34</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:54.98pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:62.08pt;position:var(--position);text-decoration:none;white-space:pre">6.36</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Risk‑free interest rate</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:89.25pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:32.33pt;position:var(--position);text-decoration:none;white-space:pre">2.48</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:47.87pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:54.97pt;position:var(--position);text-decoration:none;white-space:pre">2.59%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:89.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:89.25pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:32.33pt;position:var(--position);text-decoration:none;white-space:pre">2.48</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:47.87pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:54.97pt;position:var(--position);text-decoration:none;white-space:pre">2.52%</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected dividends</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:102pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:65.29pt;position:var(--position)"></span><span style="left:65.29pt;position:var(--position)">–%<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:102pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:102pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:65.29pt;position:var(--position)"></span><span style="left:65.29pt;position:var(--position)">–%<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:6pt"><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:56.25pt"><td colspan="5" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:468pt"><div><div style="font-size:12pt;line-height:6.5pt;position:var(--position);top:3.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:2.629999999999999pt;position:var(--position);text-decoration:none;white-space:pre">1)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">In June </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:36.519999999999996pt;position:var(--position);text-decoration:none;white-space:pre">2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:50.96pt;position:var(--position);text-decoration:none;white-space:pre">, the Company granted a total of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:145.46pt;position:var(--position);text-decoration:none;white-space:pre">397,549</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:168.92000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> stock options of which </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:236.02pt;position:var(--position);text-decoration:none;white-space:pre">109,627</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:259.48pt;position:var(--position);text-decoration:none;white-space:pre"> stock options to Belgian taxed beneficiaries. Belgian taxed </span></div><div style="font-size:12pt;line-height:6.5pt;position:var(--position);top:12.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">beneficiaries can choose between a contractual term of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:173.97pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-366">five</span></span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:184.07pt;position:var(--position);text-decoration:none;white-space:pre"> or </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:193.44pt;position:var(--position);text-decoration:none;white-space:pre">ten years</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:220.14000000000001pt;position:var(--position);text-decoration:none;white-space:pre">. The expected option life ranges between </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:342.33pt;position:var(--position);text-decoration:none;white-space:pre">4.16</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:354.96pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:369.39pt;position:var(--position);text-decoration:none;white-space:pre">6.36</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:382.02pt;position:var(--position);text-decoration:none;white-space:pre"> years. This estimate will be </span></div><div style="font-size:12pt;line-height:6.5pt;position:var(--position);top:21.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">reassessed once the acceptance period of 60 days has passed and the beneficiaries will have made a choice between a contractual term of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:416.44pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-370">five</span></span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:426.54pt;position:var(--position);text-decoration:none;white-space:pre"> or </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:435.91pt;position:var(--position);text-decoration:none;white-space:pre">ten years</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:462.61pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:6.5pt;position:var(--position);top:30.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">The total difference in fair value of the grant to Belgian taxed beneficiaries would not be material irrespective of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:332.53000000000003pt;position:var(--position);text-decoration:none;white-space:pre">100%</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:349.13pt;position:var(--position);text-decoration:none;white-space:pre"> of the stock options of Belgian taxed </span></div><div style="font-size:12pt;line-height:6.5pt;position:var(--position);top:39.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">beneficiaries with a contractual term of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:125.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-373">five</span></span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:136.06pt;position:var(--position);text-decoration:none;white-space:pre"> or  </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:147.23000000000002pt;position:var(--position);text-decoration:none;white-space:pre">ten years</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:173.93pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="line-height:6.5pt;position:var(--position);top:48.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:2.629999999999999pt;position:var(--position);text-decoration:none;white-space:pre">2)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Amounts have been converted to USD at the applicable rate prevailing at the grant date.</span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:562pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The total share-based payment expense related to stock options recognized in the unaudited condensed </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:574pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">consolidated interim statement of profit or loss totaled </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:287.38pt;position:var(--position);text-decoration:none;white-space:pre">$52</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:302.38pt;position:var(--position);text-decoration:none;white-space:pre"> mil</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:316.35pt;position:var(--position);text-decoration:none;white-space:pre">lion</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:330.33pt;position:var(--position);text-decoration:none;white-space:pre"> for the </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:360.82pt;position:var(--position);text-decoration:none;white-space:pre">six</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:371.81pt;position:var(--position);text-decoration:none;white-space:pre"> months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:433.8pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:490.8pt;position:var(--position);text-decoration:none;white-space:pre"> compared </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:586pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">to </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:82pt;position:var(--position);text-decoration:none;white-space:pre">$55</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:97pt;position:var(--position);text-decoration:none;white-space:pre"> million</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:124.95pt;position:var(--position);text-decoration:none;white-space:pre"> for the </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:155.44pt;position:var(--position);text-decoration:none;white-space:pre">six</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:166.43pt;position:var(--position);text-decoration:none;white-space:pre"> months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:228.42pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:285.41999999999996pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:15pt;font-style:normal;font-weight:normal;left:118.8pt;position:var(--position);text-decoration:none;white-space:pre">Restricted Stock Units (RSUs)</span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:643pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The RSUs are granted to key persons of the Company and its subsidiaries. The RSUs have been granted free of </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:655pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">charge. Each employee’s RSUs converts into </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:254.76pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:269.76pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary share of the Company upon vesting. The RSUs carry </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:667pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">neither rights to dividends nor voting rights. RSUs once converted into ordinary shares, may be sold at any time from </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:679pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the date of vesting, have no expiry date and may be held by the participant without limitation. The fair value of RSUs </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:691pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">is based on the closing sale price of our Company’s common stock on the day prior to the date of issuance. RSUs </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:703pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">vest over a period of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:155.97pt;position:var(--position);text-decoration:none;white-space:pre">four years</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:195.95pt;position:var(--position);text-decoration:none;white-space:pre"> with 1/4</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:229.43pt;position:var(--position);text-decoration:none;top:-2.293pt;vertical-align:super;white-space:pre">th</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:234.3pt;position:var(--position);text-decoration:none;white-space:pre"> of the total grant vesting at each anniversary of the date of grant.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:72pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">RSUs granted to non-executive directors prior to the year ended December 31, 2024 vest over a period of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:494.82pt;position:var(--position);text-decoration:none;white-space:pre">four years</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:534.8pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:84pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">with 1/4</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.8500000000000005pt;font-style:normal;font-weight:normal;left:102.98pt;position:var(--position);text-decoration:none;top:-2.293pt;vertical-align:super;white-space:pre">th</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:107.85pt;position:var(--position);text-decoration:none;white-space:pre"> of the total grant vesting at each anniversary of the date of grant. RSUs granted to </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:439.25pt;position:var(--position);text-decoration:none;white-space:pre">non-executive</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:495.23pt;position:var(--position);text-decoration:none;white-space:pre"> directors </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:96pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">in the year ended December 31, 2024 and 2025 vest at the </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:309.45pt;position:var(--position);text-decoration:none;white-space:pre">one year</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:344.44pt;position:var(--position);text-decoration:none;white-space:pre"> anniversary of the grant and are subject to a </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:108pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">holding period of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:140.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre">three years</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:185.94pt;position:var(--position);text-decoration:none;white-space:pre"> after vesting. RSUs granted to non-executive directors as of January 1, 2026 are not </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:120pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">subject to vesting conditions upon grant, but are subject to a holding period of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:382.89pt;position:var(--position);text-decoration:none;white-space:pre">four years</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:422.87pt;position:var(--position);text-decoration:none;white-space:pre"> from grant date. The </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:132pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Company has assessed a reduction in fair value associated to RSUs subject to a holding period.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:156pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The total share-based payment </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:198.95pt;position:var(--position);text-decoration:none;white-space:pre">expense</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:232.95pt;position:var(--position);text-decoration:none;white-space:pre"> related to RSUs recognized in the unaudited condensed consolidated </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:168pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">interim statements of profit or loss totale</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:231.4pt;position:var(--position);text-decoration:none;white-space:pre">d </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:238.9pt;position:var(--position);text-decoration:none;white-space:pre">$59</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:253.9pt;position:var(--position);text-decoration:none;white-space:pre"> m</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:263.89pt;position:var(--position);text-decoration:none;white-space:pre">illion for the </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:312.34000000000003pt;position:var(--position);text-decoration:none;white-space:pre">six</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:323.33000000000004pt;position:var(--position);text-decoration:none;white-space:pre"> months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:385.32pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:442.32pt;position:var(--position);text-decoration:none;white-space:pre"> compared to </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:497.3pt;position:var(--position);text-decoration:none;white-space:pre">$56</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:512.3pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:180pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">million</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:97.45pt;position:var(--position);text-decoration:none;white-space:pre"> for </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:112.94pt;position:var(--position);text-decoration:none;white-space:pre">six</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:123.93pt;position:var(--position);text-decoration:none;white-space:pre"> months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:185.92000000000002pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:242.92pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><span style="color:#91c353;font-family:'Arial', sans-serif;font-size:15pt;font-style:normal;font-weight:normal;left:118.8pt;position:var(--position);text-decoration:none;white-space:pre">Performance Stock Units (PSUs)</span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:237pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The PSUs are granted to </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:173.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre">key persons of the Company and its subsidiarie</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:362.88pt;position:var(--position);text-decoration:none;white-space:pre">s. The PSUs have been granted free of </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:249pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">charge. Each employee’s PSUs converts into </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:254.27pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:269.27pt;position:var(--position);text-decoration:none;white-space:pre"> ordinary share of the Company upon vesting. The PSUs carry </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:261pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">neither rights to dividends nor voting rights. PSUs once conve</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:317.39pt;position:var(--position);text-decoration:none;white-space:pre">rted int</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:344.87pt;position:var(--position);text-decoration:none;white-space:pre">o ordinary shares have no expiry date and may </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:273pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">be held by the participant without limitation. The fair value of PSUs is based on the closing sale price of our </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:285pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Company’s common stock on the day prior to the date of issuance. </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:309pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">PSUs vest at the end of their </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:188.97pt;position:var(--position);text-decoration:none;white-space:pre">three</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:209.46pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:229.94pt;position:var(--position);text-decoration:none;white-space:pre"> performance period. Pay-out levels depend upon the achievement of </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:321pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">performance measures, subject to threshold, target and maximum levels as determined by the Board. PSUs have a </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:333pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">maximum upside payout opportunity of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:228.93pt;position:var(--position);text-decoration:none;white-space:pre">150%</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:251.93pt;position:var(--position);text-decoration:none;white-space:pre"> of target.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:357pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The total share-based payment expense related to PSUs recognized in the unaudited condensed consolidated </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:369pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">interim statements of profit or loss totaled </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:238.9pt;position:var(--position);text-decoration:none;white-space:pre">$6</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:248.9pt;position:var(--position);text-decoration:none;white-space:pre"> million for the </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:307.34000000000003pt;position:var(--position);text-decoration:none;white-space:pre">six</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:318.33000000000004pt;position:var(--position);text-decoration:none;white-space:pre"> months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:380.32pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:437.32pt;position:var(--position);text-decoration:none;white-space:pre">.</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:439.82pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:442.16pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s first </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:381pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">grant of PSUs was on June 30, 2025.</span></div> 1 <span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Below is an overview of the parameters used in relation to the new grant during the </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:404.33pt;position:var(--position);text-decoration:none;white-space:pre">six</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:415.32pt;position:var(--position);text-decoration:none;white-space:pre"> months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:477.31pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:534.31pt;position:var(--position);text-decoration:none;white-space:pre">:</span><div style="position:var(--position);top:376pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:301.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Stock options granted in</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:34.11pt;position:var(--position);text-decoration:none;white-space:pre">March 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.16pt;position:var(--position);text-decoration:none;white-space:pre">June 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:70.78pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:73pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">1)</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Number of options granted</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #000000;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">18,983</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:48.76pt;position:var(--position);text-decoration:none;white-space:pre">397,549</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Average Fair value of options (in $) </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:129pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:21.68pt;position:var(--position);text-decoration:none;white-space:pre">250.03</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:46.1pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">308.64</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:21.68pt;position:var(--position);text-decoration:none;white-space:pre">369.26</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:46.1pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">401.72</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Share price (in $) </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:66.1pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:21.68pt;position:var(--position);text-decoration:none;white-space:pre">713.80</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:46.1pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">822.80</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">924.51</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Exercise price (in $) </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:normal;left:75.42999999999999pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">2)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">704.83</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:53.2pt;position:var(--position);text-decoration:none;white-space:pre">894.88</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected volatility</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:23.45pt;position:var(--position);text-decoration:none;white-space:pre">38.81</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:43.43pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:50.53pt;position:var(--position);text-decoration:none;white-space:pre">39.99%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:63.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:50.53pt;position:var(--position);text-decoration:none;white-space:pre">38.60</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:70.51pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Average Expected option life (in years)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:76.5pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:39.44pt;position:var(--position);text-decoration:none;white-space:pre">4.30</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:54.98pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:62.08pt;position:var(--position);text-decoration:none;white-space:pre">6.50</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:76.5pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:39.44pt;position:var(--position);text-decoration:none;white-space:pre">5.34</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:54.98pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:62.08pt;position:var(--position);text-decoration:none;white-space:pre">6.36</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Risk‑free interest rate</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:89.25pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:32.33pt;position:var(--position);text-decoration:none;white-space:pre">2.48</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:47.87pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:54.97pt;position:var(--position);text-decoration:none;white-space:pre">2.59%</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:89.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:89.25pt;width:80.25pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:32.33pt;position:var(--position);text-decoration:none;white-space:pre">2.48</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:47.87pt;position:var(--position);text-decoration:none;white-space:pre"> - </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:54.97pt;position:var(--position);text-decoration:none;white-space:pre">2.52%</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Expected dividends</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:102pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:65.29pt;position:var(--position)"></span><span style="left:65.29pt;position:var(--position)">–%<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:102pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">%</span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:102pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:65.29pt;position:var(--position)"></span><span style="left:65.29pt;position:var(--position)">–%<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:6pt"><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:56.25pt"><td colspan="5" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:120.75pt;width:468pt"><div><div style="font-size:12pt;line-height:6.5pt;position:var(--position);top:3.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:2.629999999999999pt;position:var(--position);text-decoration:none;white-space:pre">1)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">In June </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:36.519999999999996pt;position:var(--position);text-decoration:none;white-space:pre">2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:50.96pt;position:var(--position);text-decoration:none;white-space:pre">, the Company granted a total of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:145.46pt;position:var(--position);text-decoration:none;white-space:pre">397,549</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:168.92000000000002pt;position:var(--position);text-decoration:none;white-space:pre"> stock options of which </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:236.02pt;position:var(--position);text-decoration:none;white-space:pre">109,627</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:259.48pt;position:var(--position);text-decoration:none;white-space:pre"> stock options to Belgian taxed beneficiaries. Belgian taxed </span></div><div style="font-size:12pt;line-height:6.5pt;position:var(--position);top:12.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">beneficiaries can choose between a contractual term of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:173.97pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-366">five</span></span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:184.07pt;position:var(--position);text-decoration:none;white-space:pre"> or </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:193.44pt;position:var(--position);text-decoration:none;white-space:pre">ten years</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:220.14000000000001pt;position:var(--position);text-decoration:none;white-space:pre">. The expected option life ranges between </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:342.33pt;position:var(--position);text-decoration:none;white-space:pre">4.16</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:354.96pt;position:var(--position);text-decoration:none;white-space:pre"> and </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:369.39pt;position:var(--position);text-decoration:none;white-space:pre">6.36</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:382.02pt;position:var(--position);text-decoration:none;white-space:pre"> years. This estimate will be </span></div><div style="font-size:12pt;line-height:6.5pt;position:var(--position);top:21.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">reassessed once the acceptance period of 60 days has passed and the beneficiaries will have made a choice between a contractual term of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:416.44pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-370">five</span></span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:426.54pt;position:var(--position);text-decoration:none;white-space:pre"> or </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:435.91pt;position:var(--position);text-decoration:none;white-space:pre">ten years</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:462.61pt;position:var(--position);text-decoration:none;white-space:pre">. </span></div><div style="font-size:12pt;line-height:6.5pt;position:var(--position);top:30.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">The total difference in fair value of the grant to Belgian taxed beneficiaries would not be material irrespective of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:332.53000000000003pt;position:var(--position);text-decoration:none;white-space:pre">100%</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:349.13pt;position:var(--position);text-decoration:none;white-space:pre"> of the stock options of Belgian taxed </span></div><div style="font-size:12pt;line-height:6.5pt;position:var(--position);top:39.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">beneficiaries with a contractual term of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:125.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre"><span style="-sec-ix-hidden:f-373">five</span></span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:136.06pt;position:var(--position);text-decoration:none;white-space:pre"> or  </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:147.23000000000002pt;position:var(--position);text-decoration:none;white-space:pre">ten years</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:173.93pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div><div style="line-height:6.5pt;position:var(--position);top:48.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:2.629999999999999pt;position:var(--position);text-decoration:none;white-space:pre">2)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Amounts have been converted to USD at the applicable rate prevailing at the grant date.</span></div></div></div></td></tr></tbody></table></div></div></div> 18983 397549 250.03 308.64 369.26 401.72 713.80 822.80 924.51 704.83 894.88 0.3881 0.3999 0.3860 4.30 6.50 5.34 6.36 0.0248 0.0259 0.0248 0.0252 0 0 397549 109627 P10Y 4.16 6.36 P10Y 1 P10Y 52000000 55000000 1 P4Y P4Y P1Y P3Y P4Y 59000000 56000000 1 P3Y 1.50 6000000 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Trade and other payables</span><div style="position:var(--position);top:450pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:301.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.47pt;position:var(--position);text-decoration:none;white-space:pre">As of June 30,</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.48pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">718<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">554<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Sales rebates and reserves</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">441<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">402<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Short‑term employee benefits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:51pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">197<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">212<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other payables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">158<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:64.66pt"></span></span><span style="left:67.28999999999999pt;position:var(--position)">99<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total trade and other payables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:76.5pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:76.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:53.56pt"></span></span><span style="left:56.190000000000005pt;position:var(--position)">1,515<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:76.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:53.56pt"></span></span><span style="left:56.190000000000005pt;position:var(--position)">1,267<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:556.25pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The carrying amounts of trade and other payables approximate their respective fair values. Trade payables </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:568.25pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">correspond primarily to research &amp; development, commercial and manufacturing activities and include accrued </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:580.25pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">expenses related to these activities. </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:604.25pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Short-term employee benefits include payables and accruals for salaries and bonuses to be paid to the employees of </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:616.25pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">the Company.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:72pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The following table summarizes the movement in the sales rebates and reserve</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:387.83pt;position:var(--position);text-decoration:none;white-space:pre">s:</span></div><div style="position:var(--position);top:96pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:279pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:45pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:279pt"><div><div style="line-height:8pt;position:var(--position);top:36pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:25pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.88pt;position:var(--position);text-decoration:none;white-space:pre">Rebates and </span></div><div style="line-height:8pt;position:var(--position);top:36pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.54pt;position:var(--position);text-decoration:none;white-space:pre">chargebacks</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.55pt;position:var(--position);text-decoration:none;white-space:pre">Distribution </span></div><div style="line-height:8pt;position:var(--position);top:14pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.97pt;position:var(--position);text-decoration:none;white-space:pre">fees and </span></div><div style="line-height:8pt;position:var(--position);top:25pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.64pt;position:var(--position);text-decoration:none;white-space:pre">product </span></div><div style="line-height:8pt;position:var(--position);top:36pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.85pt;position:var(--position);text-decoration:none;white-space:pre">returns</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:14pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.09pt;position:var(--position);text-decoration:none;white-space:pre">Total sales </span></div><div style="line-height:8pt;position:var(--position);top:25pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.54pt;position:var(--position);text-decoration:none;white-space:pre">rebates and </span></div><div style="line-height:8pt;position:var(--position);top:36pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.51pt;position:var(--position);text-decoration:none;white-space:pre">reserves</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:279pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance on January 1, 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:45pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">368<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:45pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">34<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:45pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">402<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:279pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current estimate related to the sales made in the current period</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:57.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">628<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:57.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">108<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:57.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">736<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:279pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Adjustment for prior year sales</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:69.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:42.42pt"></span></span><span style="left:45.050000000000004pt;position:var(--position)">(44)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:69.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">–<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:69.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:42.42pt"></span></span><span style="left:45.050000000000004pt;position:var(--position)">(45)</span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:82.5pt;width:279pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Credits or payments</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:82.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:37.98pt"></span></span><span style="left:40.61pt;position:var(--position)">(551)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:82.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:37.98pt"></span></span><span style="left:40.61pt;position:var(--position)">(101)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:82.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:37.98pt"></span></span><span style="left:40.61pt;position:var(--position)">(651)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:95.25pt;width:279pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign currency translation differences</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:95.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:46.86pt"></span></span><span style="left:49.49pt;position:var(--position)">(1)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:95.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">–<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:95.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:46.86pt"></span></span><span style="left:49.49pt;position:var(--position)">(1)</span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:279pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance on June 30, 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:107.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">400<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:107.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">41<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:107.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">441<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> <div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:301.5pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:80.25pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:23.47pt;position:var(--position);text-decoration:none;white-space:pre">As of June 30,</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:3.48pt;position:var(--position);text-decoration:none;white-space:pre">As of December 31,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:12.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:12.75pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:12.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:59.86pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Trade payables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">718<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:384.75pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:25.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">554<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Sales rebates and reserves</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">441<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:38.25pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">402<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Short‑term employee benefits</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:51pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">197<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:51pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">212<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other payables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:60.22pt"></span></span><span style="left:62.85pt;position:var(--position)">158<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:63.75pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:64.66pt"></span></span><span style="left:67.28999999999999pt;position:var(--position)">99<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:301.5pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:301.5pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total trade and other payables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:301.5pt;overflow:hidden;position:var(--position);top:76.5pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:304.5pt;position:var(--position);top:76.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:53.56pt"></span></span><span style="left:56.190000000000005pt;position:var(--position)">1,515<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:387.75pt;position:var(--position);top:76.5pt;width:80.25pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:80.25pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:53.56pt"></span></span><span style="left:56.190000000000005pt;position:var(--position)">1,267<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div> 718000000 554000000 441000000 402000000 197000000 212000000 158000000 99000000 1515000000 1267000000 <span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The following table summarizes the movement in the sales rebates and reserve</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:387.83pt;position:var(--position);text-decoration:none;white-space:pre">s:</span><div style="position:var(--position);top:96pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:279pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:45pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);width:279pt"><div><div style="line-height:8pt;position:var(--position);top:36pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:25pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:9.88pt;position:var(--position);text-decoration:none;white-space:pre">Rebates and </span></div><div style="line-height:8pt;position:var(--position);top:36pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:8.54pt;position:var(--position);text-decoration:none;white-space:pre">chargebacks</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.55pt;position:var(--position);text-decoration:none;white-space:pre">Distribution </span></div><div style="line-height:8pt;position:var(--position);top:14pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.97pt;position:var(--position);text-decoration:none;white-space:pre">fees and </span></div><div style="line-height:8pt;position:var(--position);top:25pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:27.64pt;position:var(--position);text-decoration:none;white-space:pre">product </span></div><div style="line-height:8pt;position:var(--position);top:36pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:29.85pt;position:var(--position);text-decoration:none;white-space:pre">returns</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);width:60pt"><div><div style="line-height:8pt;position:var(--position);top:14pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:16.09pt;position:var(--position);text-decoration:none;white-space:pre">Total sales </span></div><div style="line-height:8pt;position:var(--position);top:25pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:12.54pt;position:var(--position);text-decoration:none;white-space:pre">rebates and </span></div><div style="line-height:8pt;position:var(--position);top:36pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:24.51pt;position:var(--position);text-decoration:none;white-space:pre">reserves</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:45pt;width:279pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance on January 1, 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:45pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">368<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:45pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">34<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:45pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">402<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:57.75pt;width:279pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current estimate related to the sales made in the current period</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:57.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">628<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:57.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">108<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:57.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">736<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:69.75pt;width:279pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Adjustment for prior year sales</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:69.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:42.42pt"></span></span><span style="left:45.050000000000004pt;position:var(--position)">(44)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:69.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">–<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:69.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:42.42pt"></span></span><span style="left:45.050000000000004pt;position:var(--position)">(45)</span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:82.5pt;width:279pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Credits or payments</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:82.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:37.98pt"></span></span><span style="left:40.61pt;position:var(--position)">(551)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:82.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:37.98pt"></span></span><span style="left:40.61pt;position:var(--position)">(101)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:82.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:37.98pt"></span></span><span style="left:40.61pt;position:var(--position)">(651)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:95.25pt;width:279pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Foreign currency translation differences</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:95.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:46.86pt"></span></span><span style="left:49.49pt;position:var(--position)">(1)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:95.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">–<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:95.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:46.86pt"></span></span><span style="left:49.49pt;position:var(--position)">(1)</span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:107.25pt;width:279pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:279pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Balance on June 30, 2026</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:282pt;position:var(--position);top:107.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">400<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:107.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">41<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:107.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">441<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div> 368000000 34000000 402000000 628000000 108000000 736000000 -44000000 0 -45000000 551000000 101000000 651000000 -1000000 0 -1000000 400000000 41000000 441000000 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Segment reporting</span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:292pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The Company manages its activities and operates as </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:285.90999999999997pt;position:var(--position);text-decoration:none;white-space:pre">one</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:300.90999999999997pt;position:var(--position);text-decoration:none;white-space:pre"> business unit which is reflected in its organizational </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:304pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">structure and internal reporting. The Company does not distinguish in its internal reporting different segments, neither </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:316pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">business nor geographical segments. The chief operating decision-maker is the Board of Directors.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:340pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The following table summarizes the product net sales by country of sales based on the country of the entity that </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:352pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">recognizes product net sales:</span></div><div style="position:var(--position);top:376pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:342pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.88pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:12.75pt;width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.52pt;position:var(--position);text-decoration:none;white-space:pre">June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:-29.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-18.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-7.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:34.99pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:52.75pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">1)</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:33.98pt"></span></span><span style="left:36.61pt;position:var(--position)">2,380<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:33.98pt"></span></span><span style="left:36.61pt;position:var(--position)">1,483<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Japan</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">169<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">84<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">China</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:63.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">17<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:63.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">33<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Rest of the World</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:76.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">247<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:76.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">139<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total product net sales</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:89.25pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:89.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:33.98pt"></span></span><span style="left:36.61pt;position:var(--position)">2,813<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:89.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:89.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:33.98pt"></span></span><span style="left:36.61pt;position:var(--position)">1,739<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:6pt"><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td colspan="5" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108pt;width:468pt"><div><div style="line-height:6.5pt;position:var(--position);top:3.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:2.629999999999999pt;position:var(--position);text-decoration:none;white-space:pre">1)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Comparative figures have been presented to be consistent with the one adopted in the Company’s latest Annual Report. </span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:514.65pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The Company sells its products through a limited number of distributors and wholesalers. </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:428.12pt;position:var(--position);text-decoration:none;white-space:pre">Three</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:451.6pt;position:var(--position);text-decoration:none;white-space:pre"> U.S. customers </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:526.65pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">represent approximately </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:170.94pt;position:var(--position);text-decoration:none;white-space:pre">72</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:180.94pt;position:var(--position);text-decoration:none;white-space:pre">% of the product net sales during the six months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:402.88pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:459.88pt;position:var(--position);text-decoration:none;white-space:pre"> (c</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:469.87pt;position:var(--position);text-decoration:none;white-space:pre">ompared to </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:517.85pt;position:var(--position);text-decoration:none;white-space:pre">five</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:531.8399999999999pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:538.65pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">U.S. customers representing </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:188.44pt;position:var(--position);text-decoration:none;white-space:pre">85</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:198.44pt;position:var(--position);text-decoration:none;white-space:pre">% for the same period in </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:298.39pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:318.39pt;position:var(--position);text-decoration:none;white-space:pre">).</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:323.88pt;position:var(--position);text-decoration:none;white-space:pre"> Product net sales in the Netherlands, the Company’s </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:550.65pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">country of domicile, are not material.</span></div> 1 <span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The following table summarizes the product net sales by country of sales based on the country of the entity that </span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:352pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">recognizes product net sales:</span></div><div style="position:var(--position);top:376pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:342pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.88pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:12.75pt;width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.52pt;position:var(--position);text-decoration:none;white-space:pre">June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:-29.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-18.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:-7.25pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:-1.85pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:34.99pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:52.75pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">1)</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">United States</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:33.98pt"></span></span><span style="left:36.61pt;position:var(--position)">2,380<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:33.98pt"></span></span><span style="left:36.61pt;position:var(--position)">1,483<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Japan</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">169<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">84<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">China</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:63.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">17<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:63.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">33<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Rest of the World</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:76.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">247<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:76.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">139<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total product net sales</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:342pt;position:var(--position);top:89.25pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:89.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:33.98pt"></span></span><span style="left:36.61pt;position:var(--position)">2,813<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:89.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:89.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:33.98pt"></span></span><span style="left:36.61pt;position:var(--position)">1,739<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:6pt"><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td colspan="5" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:108pt;width:468pt"><div><div style="line-height:6.5pt;position:var(--position);top:3.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:2.629999999999999pt;position:var(--position);text-decoration:none;white-space:pre">1)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Comparative figures have been presented to be consistent with the one adopted in the Company’s latest Annual Report. </span></div></div></div></td></tr></tbody></table></div></div></div> 2380000000 1483000000 169000000 84000000 17000000 33000000 247000000 139000000 2813000000 1739000000 3 0.72 5 0.85 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Research and development expenses</span><div style="position:var(--position);top:111pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:342pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.88pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:12.75pt;width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.52pt;position:var(--position);text-decoration:none;white-space:pre">June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:34.99pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:52.75pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">1)</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">External research and development expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:39.97pt"></span></span><span style="left:42.6pt;position:var(--position)">616<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:39.97pt"></span></span><span style="left:42.6pt;position:var(--position)">416<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Personnel expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:342pt;overflow:hidden;position:var(--position);top:51pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:39.97pt"></span></span><span style="left:42.6pt;position:var(--position)">224<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:405pt;overflow:hidden;position:var(--position);top:51pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:39.97pt"></span></span><span style="left:42.6pt;position:var(--position)">168<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital technology expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:63pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:63pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:44.41pt"></span></span><span style="left:47.04pt;position:var(--position)">45<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:63pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:63pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:44.41pt"></span></span><span style="left:47.04pt;position:var(--position)">26<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Materials and consumables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:75.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:75.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:48.85pt"></span></span><span style="left:51.480000000000004pt;position:var(--position)">5<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:75.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:75.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:48.85pt"></span></span><span style="left:51.480000000000004pt;position:var(--position)">4<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation and amortization</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:88.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:48.85pt"></span></span><span style="left:51.480000000000004pt;position:var(--position)">8<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:88.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:88.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:48.85pt"></span></span><span style="left:51.480000000000004pt;position:var(--position)">5<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:101.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:44.41pt"></span></span><span style="left:47.04pt;position:var(--position)">31<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:101.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:44.41pt"></span></span><span style="left:47.04pt;position:var(--position)">22<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total research and development expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:114pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:114pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:39.97pt"></span></span><span style="left:42.6pt;position:var(--position)">929<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:114pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:39.97pt"></span></span><span style="left:42.6pt;position:var(--position)">642<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:6pt"><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td colspan="5" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:468pt"><div><div style="line-height:6.5pt;position:var(--position);top:3.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:2.629999999999999pt;position:var(--position);text-decoration:none;white-space:pre">1)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Comparative figures have been presented to be consistent with the one adopted in the current year.</span></div></div></div></td></tr></tbody></table></div></div></div> <div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:342pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.88pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:12.75pt;width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.52pt;position:var(--position);text-decoration:none;white-space:pre">June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:34.99pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:52.75pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">1)</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">External research and development expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:39.97pt"></span></span><span style="left:42.6pt;position:var(--position)">616<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:39.97pt"></span></span><span style="left:42.6pt;position:var(--position)">416<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Personnel expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:342pt;overflow:hidden;position:var(--position);top:51pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:39.97pt"></span></span><span style="left:42.6pt;position:var(--position)">224<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12pt;left:405pt;overflow:hidden;position:var(--position);top:51pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:39.97pt"></span></span><span style="left:42.6pt;position:var(--position)">168<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital technology expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:63pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:63pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:44.41pt"></span></span><span style="left:47.04pt;position:var(--position)">45<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:63pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:63pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:44.41pt"></span></span><span style="left:47.04pt;position:var(--position)">26<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:75.75pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Materials and consumables</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:75.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:75.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:48.85pt"></span></span><span style="left:51.480000000000004pt;position:var(--position)">5<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:75.75pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:75.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:48.85pt"></span></span><span style="left:51.480000000000004pt;position:var(--position)">4<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:88.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation and amortization</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:88.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:48.85pt"></span></span><span style="left:51.480000000000004pt;position:var(--position)">8<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:88.5pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:88.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:48.85pt"></span></span><span style="left:51.480000000000004pt;position:var(--position)">5<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:101.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:101.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:44.41pt"></span></span><span style="left:47.04pt;position:var(--position)">31<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:101.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:101.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:44.41pt"></span></span><span style="left:47.04pt;position:var(--position)">22<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total research and development expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:114pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:114pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:39.97pt"></span></span><span style="left:42.6pt;position:var(--position)">929<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:114pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:39.97pt"></span></span><span style="left:42.6pt;position:var(--position)">642<span style="display:inline-block;height:5.82pt;width:3.33pt"></span></span></span></div></div></div></td></tr><tr style="height:6pt"><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td colspan="5" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:132.75pt;width:468pt"><div><div style="line-height:6.5pt;position:var(--position);top:3.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:2.629999999999999pt;position:var(--position);text-decoration:none;white-space:pre">1)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Comparative figures have been presented to be consistent with the one adopted in the current year.</span></div></div></div></td></tr></tbody></table></div></div> 616000000 416000000 224000000 168000000 45000000 26000000 5000000 4000000 8000000 5000000 31000000 22000000 929000000 642000000 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Selling, general and administrative expenses</span><div style="position:var(--position);top:317pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:342pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.88pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:12.75pt;width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.52pt;position:var(--position);text-decoration:none;white-space:pre">June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.77pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.53pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:52.75pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">1)</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Personnel expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">282<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">225<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Marketing services</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">240<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">178<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Professional fees</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:63.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">145<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:63.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">106<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital technology expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:76.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">36<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:76.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">21<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Distribution and commercial support expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:89.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">18<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:89.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">14<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Facilities and occupancy expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:102pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">11<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:102pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">8<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Supervisory board</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:114pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">8<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:114pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">9<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126.75pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation and amortization</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:126.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">5<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:126.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">4<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:139.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other expenses</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:139.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">26<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:139.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">36<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:152.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total selling, general and administrative expenses</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:152.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">772<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:152.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">601<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:6pt"><td style="border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:468pt"><div><div style="line-height:6.5pt;position:var(--position);top:3.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:4.2250000000000005pt;font-style:normal;font-weight:normal;left:2.629999999999999pt;position:var(--position);text-decoration:none;top:-1.656pt;vertical-align:super;white-space:pre">1)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Comparative figures have been presented to be consistent with the one adopted in the Company’s latest Annual Report.</span></div></div></div></td></tr></tbody></table></div></div></div> <div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:342pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.88pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:12.75pt;width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.52pt;position:var(--position);text-decoration:none;white-space:pre">June 30,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:0.25pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:25.5pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:-27.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-17.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:-7.83pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:-2.13pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="font-size:12pt;line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:32.77pt;position:var(--position);text-decoration:none;white-space:pre">2025</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:50.53pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:5.2pt;font-style:normal;font-weight:bold;left:52.75pt;position:var(--position);text-decoration:none;top:-2.037pt;vertical-align:super;white-space:pre">1)</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Personnel expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:342pt;overflow:hidden;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:10pt;position:var(--position);top:2.17pt;width:3pt"><span style="color:#000000;font-family:'Times New Roman', serif;font-size:10pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">282<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="height:12.75pt;left:405pt;overflow:hidden;position:var(--position);top:38.25pt;width:3pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:3pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre"> </span></div></div></div></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">225<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Marketing services</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">240<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">178<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Professional fees</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:63.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">145<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:63.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">106<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Digital technology expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:76.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">36<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:76.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">21<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Distribution and commercial support expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:89.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">18<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:89.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">14<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:102pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Facilities and occupancy expenses</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:102pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">11<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:102pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">8<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:114pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Supervisory board</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:114pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">8<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:114pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">9<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:126.75pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Depreciation and amortization</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:126.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">5<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:126.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:49.52pt"></span></span><span style="left:52.150000000000006pt;position:var(--position)">4<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:139.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Other expenses</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:139.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">26<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:139.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:45.08pt"></span></span><span style="left:47.71pt;position:var(--position)">36<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:152.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Total selling, general and administrative expenses</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:152.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">772<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:152.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">601<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:6pt"><td style="border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td></tr><tr style="height:11.25pt"><td colspan="5" style="font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:171pt;width:468pt"><div><div style="line-height:6.5pt;position:var(--position);top:3.66pt;width:468pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:4.2250000000000005pt;font-style:normal;font-weight:normal;left:2.629999999999999pt;position:var(--position);text-decoration:none;top:-1.656pt;vertical-align:super;white-space:pre">1)</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:6.5pt;font-style:normal;font-weight:normal;left:13.43pt;position:var(--position);text-decoration:none;white-space:pre">Comparative figures have been presented to be consistent with the one adopted in the Company’s latest Annual Report.</span></div></div></div></td></tr></tbody></table></div></div> 282000000 225000000 240000000 178000000 145000000 106000000 36000000 21000000 18000000 14000000 11000000 8000000 8000000 9000000 5000000 4000000 26000000 36000000 772000000 601000000 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Income taxes</span><div style="position:var(--position);top:570.25pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:342pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.88pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:12pt;width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.52pt;position:var(--position);text-decoration:none;white-space:pre">June 30,</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:24pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:24pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current income tax expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:36pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:37.98pt"></span></span><span style="left:40.61pt;position:var(--position)">(230)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:36pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:42.42pt"></span></span><span style="left:45.050000000000004pt;position:var(--position)">(70)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred income tax benefit/(expense)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:48pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">110<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:48pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:46.86pt"></span></span><span style="left:49.49pt;position:var(--position)">(4)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Income tax expense</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:60pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:37.98pt"></span></span><span style="left:40.61pt;position:var(--position)">(119)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:60pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:42.42pt"></span></span><span style="left:45.050000000000004pt;position:var(--position)">(74)</span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:659.25pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The key elements impacting the effective tax rate </span><span style="background-color:#ffffff;color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:269.76pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">for the </span></span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:297.75pt;position:var(--position);text-decoration:none;white-space:pre">six</span><span style="background-color:#ffffff;color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:308.74pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> months ended </span></span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:370.73pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="background-color:#ffffff;color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:427.73pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit"> were primarily the mix of </span></span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:671.25pt;width:612pt"><span style="background-color:#ffffff;color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">income generated among the jurisdictions in which the Company operates and various tax incentives in certain </span></span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:683.25pt;width:612pt"><span style="background-color:#ffffff;color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre"><span style="background-color:inherit">jurisdictions</span></span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:118.95pt;position:var(--position);text-decoration:none;white-space:pre">.</span></div> <div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:342pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.88pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:12pt;width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.52pt;position:var(--position);text-decoration:none;white-space:pre">June 30,</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:24pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:24pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:24pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:36pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Current income tax expense</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:36pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:37.98pt"></span></span><span style="left:40.61pt;position:var(--position)">(230)</span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:36pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:42.42pt"></span></span><span style="left:45.050000000000004pt;position:var(--position)">(70)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:48pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Deferred income tax benefit/(expense)</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:48pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:40.64pt"></span></span><span style="left:43.27pt;position:var(--position)">110<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:48pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:46.86pt"></span></span><span style="left:49.49pt;position:var(--position)">(4)</span></span></div></div></div></td></tr><tr style="height:12pt"><td style="border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:60pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Income tax expense</span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:60pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:37.98pt"></span></span><span style="left:40.61pt;position:var(--position)">(119)</span></span></div></div></div></td><td style="font-size:0;text-align:left;vertical-align:top"></td><td style="border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:60pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:42.42pt"></span></span><span style="left:45.050000000000004pt;position:var(--position)">(74)</span></span></div></div></div></td></tr></tbody></table></div></div> 230000000 70000000 -110000000 4000000 119000000 74000000 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Earnings per share</span><div style="position:var(--position);top:111pt;width:612pt"><div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:342pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.88pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:12.75pt;width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.52pt;position:var(--position);text-decoration:none;white-space:pre">30 June,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $ except for shares and EPS)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Profit for the period</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:5.82pt;width:36.2pt"></span></span><span style="left:43.27pt;position:var(--position)">838<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:5.82pt;width:36.2pt"></span></span><span style="left:43.27pt;position:var(--position)">415<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of shares outstanding</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:14pt"></span></span><span style="left:16.63pt;position:var(--position)">62,185,445<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:14pt"></span></span><span style="left:16.63pt;position:var(--position)">61,034,202<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic profit per share (in $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:63.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:33.98pt"></span></span><span style="left:36.61pt;position:var(--position)">13.47<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:63.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:38.42pt"></span></span><span style="left:41.050000000000004pt;position:var(--position)">6.80<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of shares outstanding for purpose of diluted profit per share</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:76.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:14pt"></span></span><span style="left:16.63pt;position:var(--position)">64,409,488<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:76.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:14pt"></span></span><span style="left:16.63pt;position:var(--position)">65,653,007<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted profit per share (in $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:89.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:33.98pt"></span></span><span style="left:36.61pt;position:var(--position)">13.00<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:89.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:38.42pt"></span></span><span style="left:41.050000000000004pt;position:var(--position)">6.32<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:230pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Profit per ordinary share is calculated by dividing the profit for the period by the weighted average number of ordinary </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:242pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">shares during the period. Diluted profit per share is calculated by adjusting the weighted average number of shares </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:254pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">by in the money outstanding dilutive stock options, RSUs and PSUs.</span></div> <div style="font-size:0pt;left:72pt;position:var(--position);width:468pt"><div><table style="border-collapse:collapse;display:inline-table;width:100%"><tbody><tr style="height:0"><td style="padding:0;width:342pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td><td style="padding:0;width:3pt"></td><td style="padding:0;width:60pt"></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:26.88pt;position:var(--position);text-decoration:none;white-space:pre">Six Months Ended</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:12.75pt;width:123pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:123pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:45.52pt;position:var(--position);text-decoration:none;white-space:pre">30 June,</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:25.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">(in millions of $ except for shares and EPS)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2026</span></div></div></div></td><td style="background-color:#ffffff;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:25.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:39.61pt;position:var(--position);text-decoration:none;white-space:pre">2025</span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:38.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Profit for the period</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:5.82pt;width:36.2pt"></span></span><span style="left:43.27pt;position:var(--position)">838<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:1pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:38.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)">$<span style="display:inline-block;height:5.82pt;width:36.2pt"></span></span><span style="left:43.27pt;position:var(--position)">415<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:51pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of shares outstanding</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:14pt"></span></span><span style="left:16.63pt;position:var(--position)">62,185,445<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:51pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:14pt"></span></span><span style="left:16.63pt;position:var(--position)">61,034,202<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:63.75pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Basic profit per share (in $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:63.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:33.98pt"></span></span><span style="left:36.61pt;position:var(--position)">13.47<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:63.75pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:38.42pt"></span></span><span style="left:41.050000000000004pt;position:var(--position)">6.80<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:76.5pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Weighted average number of shares outstanding for purpose of diluted profit per share</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:76.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:14pt"></span></span><span style="left:16.63pt;position:var(--position)">64,409,488<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:0.5pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:76.5pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:normal;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:14pt"></span></span><span style="left:16.63pt;position:var(--position)">65,653,007<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr><tr style="height:12.75pt"><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="position:var(--position);top:89.25pt;width:342pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:342pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;left:2.63pt;position:var(--position);text-decoration:none;white-space:pre">Diluted profit per share (in $)</span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#f2f2f2;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:345pt;position:var(--position);top:89.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:33.98pt"></span></span><span style="left:36.61pt;position:var(--position)">13.00<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td><td style="background-color:#ffffff;font-size:0;text-align:left;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #5a5a5a;border-top:0.5pt solid #5a5a5a;font-size:0;text-align:left;vertical-align:top"><div style="left:408pt;position:var(--position);top:89.25pt;width:60pt"><div><div style="line-height:8pt;position:var(--position);top:3.75pt;width:60pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:8pt;font-style:normal;font-weight:bold;text-decoration:none;white-space:pre"><span style="left:2.63pt;position:var(--position)"><span style="display:inline-block;height:5.82pt;width:38.42pt"></span></span><span style="left:41.050000000000004pt;position:var(--position)">6.32<span style="display:inline-block;height:5.82pt;width:2.66pt"></span></span></span></div></div></div></td></tr></tbody></table></div></div> 838000000 415000000 62185445 61034202 13.47 6.80 64409488 65653007 13.00 6.32 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Related party transactions</span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:323pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">On </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:86.5pt;position:var(--position);text-decoration:none;white-space:pre">May 6, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:135.99pt;position:var(--position);text-decoration:none;white-space:pre">, the Annual General Meeting of shareholders voted to appoint Karen Massey as executive director </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:335pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">and Tim Van Hauwermeiren as non-executive director to the Board of Directors. The Board of Directors also </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:347pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">appointed Mr. Van Hauwermeiren as Chairperson of the Board. Upon his resignation as Chief Executive Officer of the </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:359pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Company</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:109.82pt;position:var(--position);text-decoration:none;white-space:pre">, Mr. Van Hauwermeiren’s unvested stock options and RSUs vested on his final day of service as per the </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:371pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">2025 Remuneration Policy.</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:179.28pt;position:var(--position);text-decoration:none;white-space:pre"> The vested stock options retain their original </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:360.02pt;position:var(--position);text-decoration:none;white-space:pre">10</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:370.02pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:390.5pt;position:var(--position);text-decoration:none;white-space:pre"> exercise period. Mr. Van </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:383pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Hauwermeiren’s PSUs will be pro-rated to his service period upon the conclusion of the </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:421.12pt;position:var(--position);text-decoration:none;white-space:pre">3</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:426.12pt;position:var(--position);text-decoration:none;white-space:pre">-year</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:446.6pt;position:var(--position);text-decoration:none;white-space:pre"> performance period. </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:395pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Mr. Van Hauwermeiren did not receive a grant for his services as CEO in 2026.  </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:419pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">During the </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:115.97pt;position:var(--position);text-decoration:none;white-space:pre">six</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:126.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre"> months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:188.95pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:245.95pt;position:var(--position);text-decoration:none;white-space:pre"> a t</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:258.45pt;position:var(--position);text-decoration:none;white-space:pre">otal of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:285.44pt;position:var(--position);text-decoration:none;white-space:pre">57,572</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:312.94pt;position:var(--position);text-decoration:none;white-space:pre"> stock options and </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:387.93pt;position:var(--position);text-decoration:none;white-space:pre">22,833</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:415.43pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:417.93pt;position:var(--position);text-decoration:none;white-space:pre">PSUs</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:440.92pt;position:var(--position);text-decoration:none;white-space:pre"> were granted to senior </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:431pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">management members as a group. During the </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:258.40999999999997pt;position:var(--position);text-decoration:none;white-space:pre">six</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:269.4pt;position:var(--position);text-decoration:none;white-space:pre"> months ended </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:331.39pt;position:var(--position);text-decoration:none;white-space:pre">June 30, 2026</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:388.39pt;position:var(--position);text-decoration:none;white-space:pre"> a total of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:427.88pt;position:var(--position);text-decoration:none;white-space:pre">3,325</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:450.38pt;position:var(--position);text-decoration:none;white-space:pre"> restricted stock units </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:443pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">were granted to non-executive board members.</span></div> P10Y P3Y 57572 22833 3325 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Commitments</span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:512pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">As of the balance sheet date, there </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:213.98pt;position:var(--position);text-decoration:none;white-space:pre">were</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:233.46pt;position:var(--position);text-decoration:none;white-space:pre"> </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:235.96pt;position:var(--position);text-decoration:none;white-space:pre">no</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:245.96pt;position:var(--position);text-decoration:none;white-space:pre"> commitments signed for the acquisition of property, plant and equipment.</span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:536pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">In February 2019, the Company entered into a global collaboration and license agreement with Halozyme </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:548pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Therapeutics, which was later amended in September 2020 and again in September 2024. </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:572pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Under the terms of the agreement, the Company will pay up to </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:322.38pt;position:var(--position);text-decoration:none;white-space:pre">$40 million</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:365.33pt;position:var(--position);text-decoration:none;white-space:pre"> to achievement of specific regulatory and </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:584pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">sales-based milestones related specifically to its FcRn target. This amount represents the maximum amount that </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:596pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">would be paid if all milestones would be achieved but excludes variable royalty payments based on unit sales. </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:620pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Further, the Company will pay up to </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:215.92pt;position:var(--position);text-decoration:none;white-space:pre">$78 million</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:258.87pt;position:var(--position);text-decoration:none;white-space:pre"> per other non-FcRn target subject to achievement of specified </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:632pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">development, regulatory and sales-based milestones. This amount represents the maximum amount that would be </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:644pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">paid per target if all milestones would be achieved but excludes variable royalty payments based on unit sales. The </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:656pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Company has a total of </span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:166.97pt;position:var(--position);text-decoration:none;white-space:pre">six</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:177.95999999999998pt;position:var(--position);text-decoration:none;white-space:pre"> nominated targets under this agreement including its FcRn target. </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:680pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">The Company’s commercial supply is manufactured in collaboration with Lonza and Fujifilm. In the aggregate, the </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:692pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">Company has outstanding commitments under these commercial supply agreements amounting to approximately </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:704pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">$1.2 billion</span><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:114.96000000000001pt;position:var(--position);text-decoration:none;white-space:pre">. These agreements provide commercial supply of efgartigimod to the Company’s global commercial </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:716pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">operations through facilities in the U.S., Europe and Asia.</span></div> 0 40000000 78000000 6 1200000000 <span style="color:#91c353;font-family:'Arial', sans-serif;font-size:20pt;font-style:normal;font-weight:normal;left:106.56pt;position:var(--position);text-decoration:none;white-space:pre">Events after the balance sheet date</span><div style="font-size:12pt;line-height:9pt;position:var(--position);top:111pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">No events have occurred after the balance sheet date that could have a material impact on the unaudited condensed </span></div><div style="font-size:12pt;line-height:9pt;position:var(--position);top:123pt;width:612pt"><span style="color:#5a5a5a;font-family:'Arial', sans-serif;font-size:9pt;font-style:normal;font-weight:normal;left:72pt;position:var(--position);text-decoration:none;white-space:pre">consolidated financial statements.</span></div> Comparative figures have been aligned with the presentation adopted in the current period, reflecting the combination of investment in a joint venture and other non-current assets. Comparative figures have been presented to be consistent with the one adopted in the current period with respect to the combination of research and development expenses and loss from investment in a joint venture. Comparative figures have been presented to be consistent with the one adopted in the current period