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CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Consolidated Income Statement [Abstract]        
Shipping revenues $ 332,126 $ 107,151 $ 803,230 $ 353,266
Other revenues [1],[2] 293 197 678 971
Total revenues 332,419 107,348 803,908 354,237
Other income 2,059 970 2,059 970
Gain on sale of vessels 34,163 15,688 94,157 52,943
Operating expenses        
Voyage expenses (41,781) (28,047) (100,720) (102,006)
Vessel operating expenses (18,961) (18,436) (56,665) (55,868)
Depreciation and amortization (28,828) (25,969) (82,227) (79,379)
General and administrative expenses (4,268) (4,132) (14,819) (14,267)
Total operating expenses (93,838) (76,584) (254,430) (251,521)
Operating income 274,803 47,422 645,694 156,630
Interest income 1,497 936 3,287 2,549
Interest expense (6,664) (2,586) (17,487) (11,879)
Net gain/(loss) on derivative instruments at fair value 2,163 (354) 4,573 (354)
Other financial expense (824) (520) (2,037) (1,852)
Profit before tax 270,975 44,898 634,030 145,094
Income tax expense (108) (93) (296) (206)
Profit after tax 270,868 44,805 633,734 144,888
Attributable to owners of non-controlling interest 2 2 7 (136)
Attributable to the owners of parent $ 270,866 $ 44,803 $ 633,727 $ 145,024
Basic earnings per share (in dollars per share) $ 1.68 $ 0.28 $ 3.93 $ 0.9
Diluted earnings per share (in dollars per share) $ 1.68 $ 0.28 $ 3.93 $ 0.9
Weighted average number of shares (basic) (in shares) 161,235,573 160,799,407 161,118,454 160,653,406
Weighted average number of shares (diluted) (in shares) 161,436,225 160,885,603 161,293,781 160,722,392
[1] Other revenues mainly relate to technical management services provided and are recognized in accordance with IFRS 15.
[2] Voyage charter revenues are related to revenue from spot charters and are recognized in accordance with IFRS 15.