Leases (Tables)

9 Months Ended

Sep. 30, 2026

Operating lease ROU assets are included in other non-current assets in the consolidated statements of financial position. The current portion of operating lease liabilities is included in Other current liabilities, and the long-term portion is included in Other non-current liabilities in the consolidated statements of financial position. Operating lease expense is included within Cost of equipment and products sold, Cost of services sold and selling, general and administrative expenses within the consolidated statements of operations.


(in millions of $)	September 30, 2026	December 31, 2025
Current portion of operating lease liability	24.3	18.4
Non-current portion of operating lease liability	74.0	50.9
Total operating lease liability	98.3	69.3

Schedule of finance lease liabilities

Finance lease ROU assets are included within Property, plant and equipment - net in the consolidated statement of financial position. The current portion of finance lease liabilities is included in Other current liabilities, and the long-term portion is included in Other non-current liabilities in the consolidated statements of financial position.


(in millions of $)	September 30, 2026	December 31, 2025
Current portion of finance lease liability	4.2	2.7
Non-current portion of finance lease liability	18.2	15.1
Total finance lease liability	22.4	17.8

Schedule of lease expense

The break out of the Company's lease expenses are as follows:


	Three Months Ended September 30,		Nine Months Ended September 30,
(in millions of $)	2026	2025	2026	2025
Operating lease expense	7.4	5.4	20.9	14.9
Short term lease expense	0.8	0.1	1.5	0.3

Finance leases - amortization	1.2	0.5	3.0	1.1
Finance leases - interest	0.3	0.2	0.9	0.5
Total lease expense	9.7	6.2	26.3	16.8