OPERATING LEASES

6 Months Ended

Jun. 30, 2026

OPERATING LEASES

All of the Company's vessel operating revenues from time charter agreements is recognized and recorded as operating lease income. A summary for the six months ended June 30, 2026 and 2025 is shown below:


(in thousands of $)	Six months ended
	June 30,
	2026	2025
Vessel operating revenues(1) (2) (3)	187,256	174,420

(1) Vessel operating revenues include $6.5 million (2025 - $3.6 million) EUA revenues arising under the time charter agreements with charterers. The EUAs receivable from our charterers, and due to be surrendered to the EU authorities in September 2027.

(2) Vessel operating revenues include $0.8 million (2025: $1.5 million) in variable lease payments, as further described in Note 2 of our Form 20-F for the year ended December 31, 2025, filed with the SEC on February 27, 2026.

(3) Additionally, vessel operating revenues include $1.2 million (2025: nil) of other compensation received from charterers in relation to time charter agreements.

The minimum contractual undiscounted cashflows under non-cancellable operating leases to be received on time charters in respect of our Fleet as of June 30, 2026, were as follows:


(in thousands of $)
1 year						319,910
2 years						259,706
3 years						242,401
4 years						189,792
5 years						187,323
Thereafter						394,316
Total						1,593,448

As of June 30, 2026, all of the Company's assets under vessels and equipment were contracted under operating leases, which are further described in Note 8: Vessels and Equipment.