| Schedule of related party transactions |
A summary of transactions with related parties and affiliated companies for the six months ended June 30, 2026 and 2025 was as follows: | | | | | | | | | | (in thousands of $) | 2026 | 2025 | | Revenues and other operating income | | | | Seatankers Management Co. Ltd | 3,914 | | 1,877 | | | SFL | 1,499 | | 1,048 | | | Golden Ocean | — | | 48 | | | | | | | | | | | | Flex LNG Ltd | 949 | | 795 | | | Avance Gas | — | | 572 | | | TFG Marine | 365 | | 338 | | Other related parties and affiliated companies | 14 | | — | | | Total revenues and other operating income | 6,741 | | 4,678 | | | | | | Operating expenses | | | | | | | Front Ocean Management | 1,905 | | 1,544 | | | | | | Seatankers Management Co. Ltd | 289 | | 456 | | | Total operating expenses | 2,194 | | 2,000 | | | | | | Other income (expenses) | | | | | | | | | | | | | FMS Holdco share of results | (44) | | 712 | | | TFG Marine share of results | 23,792 | | 405 | | | Total other income (expenses) | 23,748 | | 1,117 | | A summary of balances due from related parties and affiliated companies as of June 30, 2026 and December 31, 2025 was as follows:
| | | | | | | | | | | | | | | | | (in thousands of $) | June 30, 2026 | | December 31, 2025 | | | | | | SFL | 2,586 | | | 3,860 | | | | | | | Seatankers Management Co. Ltd | 9,563 | | | 8,453 | | | | | | | | | | | | | | | | | | | | | | | Flex LNG Ltd | 987 | | | 403 | | | | | | | TFG Marine | 221 | | | 302 | | | | | | | | | | | | | | | | | | | | | | Other related parties and affiliated companies | 90 | | | 73 | | | | | | | Related party and affiliated company receivables | 13,447 | | | 13,091 | | | | | |
A summary of balances due to related parties and affiliated companies as of June 30, 2026 and December 31, 2025 was as follows:
| | | | | | | | | | | | | | | (in thousands of $) | June 30, 2026 | | December 31, 2025 | | | | SFL | 10,587 | | | 6,829 | | | | | Seatankers Management Co. Ltd | 3,459 | | | 2,594 | | | | | | | | | | | Flex LNG Ltd | 490 | | | 340 | | | | | TFG Marine | 25,905 | | | 21,195 | | | | | Front Ocean Management | 1,174 | | | 106 | | | | | | | | | | | Related party and affiliated company payables | 41,615 | | | 31,064 | | | | | | | | | | | | | | | | | | | | | |
The total amount of the remuneration earned by all directors and key management personnel for their services in the six months ended June 30, 2026 and 2025 was as follows:
| | | | | | | | | | | | | | | (in thousands of $) | 2026 | | 2025 | | | | Total remuneration | 8,048 | | | 2,258 | | | | | of which: | | | | | | | Paid in capacity as directors | 2,288 | | | 115 | | | | | Other remuneration | 5,760 | | | 2,143 | | | |
Total remuneration consists of a fixed and a variable component, summarized as follows: | | | | | | | | | | | | | | | (in thousands of $) | 2026 | | 2025 | | | | Total fixed remuneration | 480 | | | 468 | | | | | of which: | | | | | | | Cost of pension | 16 | | | 17 | | | | | | | | | | | Total variable remuneration | 7,568 | | | 1,790 | | | | | of which: | | | | | | | Share based payments | 7,568 | | | 1,790 | | | |
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