v3.26.1
Condensed consolidated balance sheet - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Condensed consolidated balance sheet [Abstract]    
Vessels and scrubbers $ 2,138,295 $ 2,344,757
Dry docking 110,966 114,636
Right-of-use assets - Vessels 43,500 38,413
Other property, plant and equipment 473 865
Total property, plant and equipment 2,293,234 2,498,671
Intangible assets 0 83
Total intangible assets 0 83
Other investments 381,872 297,581
Derivative financial instruments 5,438 2,627
Restricted cash [1] 20,000 10,000
Loans receivable from joint ventures 50,993 59,845
Joint ventures 118,758 97,821
Trade and other receivables, and prepayments 1,155 1,320
Total other non-current assets 578,216 469,194
Total non-current assets 2,871,450 2,967,948
Intangible assets 9,027 16,665
Total intangible assets 9,027 16,665
Inventories 109,754 69,027
Loans receivable from joint venture 9,123 0
Trade and other receivables, and prepayments 607,246 521,954
Derivative financial instruments 3,997 6,237
Cash at bank and on hand 270,983 103,609
Cash retained in the commercial pools [2] 82,177 88,966
Assets held for sale 0 37,490
Total other current assets 1,083,280 827,283
Total current assets 1,092,307 843,948
Total assets 3,963,757 3,811,896
Share capital 1,065,926 1,093,055
Other reserves 552,581 468,761
Treasury shares (314) (78,449)
Retained earnings 1,031,775 846,220
Total shareholders' equity 2,649,968 2,329,587
Borrowings 653,862 910,402
Total non-current liabilities 653,862 910,402
Borrowings 231,501 212,574
Derivative financial instruments 6,046 163
Current income tax liabilities 3,845 5,019
Trade and other payables 410,051 350,735
Provision 8,484 3,416
Total current liabilities 659,927 571,907
Total liabilities 1,313,789 1,482,309
Total shareholders' equity and liabilities $ 3,963,757 $ 3,811,896
[1] Restricted cash includes FFA collateral accounts.
[2] The cash retained in the commercial pools represents cash in the pool bank accounts that are opened in the name of the Group’s pool management companies and can only be used for the operation of vessels within the commercial pools.