The Company uses derivative instruments to manage its exposure to floating-rate debt indexed to 3-month Term Secured Overnight Financing Rate (SOFR). The Company has entered into interest rate swap agreements designated as cash flow hedges. These agreements are used to manage interest rate risk associated with a portion of the Company’s floating-rate debt. The Company follows established risk management policies, including the use of derivatives to hedge interest rates. The counterparties in these derivative instruments are banks which the Company considers the risk of non-performance as minimal.

If the hedge ratio for risk management purposes is no longer optimal but the risk management objective remains unchanged and the hedge continues to qualify for hedge accounting, the hedge relationship will be rebalanced by adjusting either the volume of the hedging instrument or the volume of the hedged item so that the hedge ratio aligns with the ratio used for risk management purposes. Hedge ineffectiveness is measured each reporting date and recognized immediately in profit or loss in the Condensed Consolidated Statements of Comprehensive Income. Rebalancing the hedge relationship may give rise to additional hedge ineffectiveness.

Effective Date

Nominal Amount

Fixed Rate

Index

Actual Termination Date

Location of Financial Instrument in Condensed Consolidated Balance Sheets

Interest rate swap

1/16/2026

406

3.3960

3 Month SOFR rate

6/30/2028

Receivables & other non-current assets and Receivables & other current assets

Interest rate swap

1/27/2026

406

3.4885

3 Month SOFR rate

6/30/2028

Receivables & other non-current assets and Receivables & other current assets

Interest rate swap

2/9/2026

406

3.3625

3 Month SOFR rate

6/30/2028

Receivables & other non-current assets and Receivables & other current assets

Interest rate swap

2/12/2026

406

3.3355

3 Month SOFR rate

6/30/2028

Receivables & other non-current assets and Receivables & other current assets

Based on valuation at June 30, 2026, and assuming market rates remain constant through contract maturities, it is expected that transfers to earnings of the existing gain or losses reported in Other Comprehensive Income on interest rate cash flow hedges during the next twelve months will correspond to the current assets portion of the

The following table presents the pre-tax amounts of derivative gains or losses and the line item in the Condensed Consolidated Statements of Comprehensive Income that may be affected when reclassified to profit or loss:

Carrying Value

Opening Balance January 1, 2026

Fair Value (Gain)/Loss Deferred to OCI

Fair Value (Gain)/Loss Reclassified to Profit or Loss

Closing Balance June 30, 2026

Location When Reclassified to Profit or Loss

Cash flow hedges - Interest rate risk

Interest rate swaps

(10)

—

(12)

(2)

(10)

Financial Expense