v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME        
Revenue - Shipping $ 340,790 $ 230,537 $ 595,177 $ 477,563
Revenue - Product Services 671,170 813,364 1,255,674 1,428,410
Cost of cargo and delivery expenses - Product Services (664,208) (776,701) (1,104,151) (1,379,968)
Voyage expenses - Shipping (75,698) (89,291) (134,790) (182,163)
Vessel operating expenses (33,183) (32,030) (61,719) (61,717)
Time charter contracts (non-lease components) (73) (4,021) (959) (8,699)
General and administrative expenses (31,978) (17,138) (50,476) (37,981)
Charter hire expenses (8,427) (739) (18,592) (1,006)
Fair value gain/(loss) from equity financial asset 696 (1,172) 696 (1,172)
Finance lease income 228 137 482 308
Other operating expense - net 2,160 (738) 143 (1,576)
Depreciation (61,068) (62,586) (121,336) (125,710)
Amortisation of intangible assets (42) (51) (102) (261)
Loss on derecognition of right-of-use assets (vessels)   (732)   (289)
Gain on disposal of vessels       32,051
Operating profit 140,367 58,839 360,047 137,790
Foreign currency exchange gain - net (1,501) (927) (1,379) (386)
Interest income 1,552 2,005 2,836 4,938
Interest expense (8,224) (12,633) (17,025) (27,907)
Other finance expenses (881) (214) (1,504) (598)
Finance expenses - net (9,054) (11,769) (17,072) (23,953)
Profit before tax 131,313 47,070 342,975 113,837
Income tax expense 6,612 (3,632) (17,708) (3,822)
Profit after tax 137,925 43,438 325,267 110,015
Items that will not be reclassified to profit or loss:        
Equity investments at FVOCI - fair value gain/(loss) 1,910 1,760 3,090 (5,892)
Items that may be reclassified subsequently to profit or loss:        
Cash flow hedges - fair value loss (15,150) (2,006) (29,044) (2,040)
Cash flow hedges - reclassification to profit or loss 11,711 (2,248) 15,728 (5,763)
Currency translation reserve (16) 85 (711) 1,281
Other comprehensive loss, net of tax (1,545) (2,409) (10,937) (12,414)
Total comprehensive income 136,380 41,029 314,330 97,601
Profit attributable to:        
Equity holders of the Company 120,129 34,927 284,412 81,010
Non-controlling interests 17,796 8,511 40,855 29,005
Profit after tax 137,925 43,438 325,267 110,015
Total comprehensive income:        
Equity holders of the Company 118,587 32,487 273,612 68,360
Non-controlling interests 17,793 8,542 40,718 29,241
Total comprehensive income $ 136,380 $ 41,029 $ 314,330 $ 97,601
Earnings per share attributable to the equity holders of the Company:        
Basic earnings per share (US$ per share) $ 0.79 $ 0.23 $ 1.88 $ 0.53
Diluted earnings per share (US$ per share) $ 0.79 $ 0.23 $ 1.87 $ 0.53