v3.26.1
Unaudited Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 34.8 $ 32.4
Trade receivables 1.2 0.7
Prepaid expenses and other current assets 8.1 6.6
Total current assets 44.1 39.7
Non-current assets    
Equity method investments 0.0 0.4
Intangible asset 0.5 0.0
Vessels and equipment, net 809.2 823.8
Total non-current assets 809.7 824.2
Total assets 853.8 863.9
Current liabilities    
Current portion of long-term debt 24.1 23.6
Trade payables 1.8 1.3
Accrued expenses 7.3 6.4
Unearned income 3.9 4.8
Other current liabilities 0.1 0.5
Total current liabilities 37.2 36.6
Non-current liabilities    
Long-term debt 653.4 665.6
Total non-current liabilities 653.4 665.6
Total liabilities 690.6 702.2
Commitment and contingencies
Shareholders’ Equity    
Common shares of par value $1.00 per share: authorized 140,010,000 (2025: 140,010,000) shares, issued and outstanding 47,145,000 (2025: 46,650,000) shares 47.2 46.7
Additional paid-in capital 30.3 27.4
Contributed surplus 18.4 50.3
Retained earnings 66.9 37.3
Non-controlling interests 0.4 0.0
Total shareholders’ equity 163.2 161.7
Total liabilities and shareholders’ equity $ 853.8 $ 863.9