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Consolidated Statement of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Non-current assets    
Vessels (Note 8) $ 6,323,773 $ 2,617,484
Assets under construction (Note 8) 738,298 628,405
Right-of-use assets (Note 8) 4,847 1,910
Other tangible assets (Note 8) 23,981 21,628
Prepayments (Note 8) 1,075 1,657
Intangible assets (Note 9) 12,710 16,187
Goodwill (Note 9) 177,022 0
Receivables (Note 11) 97,116 75,076
Investments (Note 26) 111,346 61,806
Deferred tax assets (Note 10) 2,850 10,074
Total non-current assets 7,493,018 3,434,227
Current assets    
Inventory (Note 12) 77,175 26,500
Trade and other receivables  (Note 13) 320,843 235,883
Current tax assets 4,912 3,984
Cash and cash equivalents (Note 14) 146,529 38,869
Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners 549,459 305,236
Non-current assets held for sale (Note 3) 363,097 165,583
Total current assets 912,556 470,819
TOTAL ASSETS 8,405,574 3,905,046
Equity    
Share capital (Note 15) 343,440 239,148
Share premium (Note 15) 1,817,557 460,486
Translation reserve 9,502 (2,045)
Hedging reserve (Note 15) 90 2,145
Treasury shares (Note 15) (284,508) (284,508)
Retained earnings 737,239 777,098
Equity attributable to owners of the Company 2,623,320 1,192,324
Non-current liabilities    
Bank loans (Note 17) 2,839,590 1,450,869
Other notes (Note 17) 0 198,887
Other borrowings (Note 17) 1,876,795 667,361
Lease liabilities (Note 17) 3,368 1,451
Other payables (Note 18) 20 0
Employee benefits 1,180 1,060
Deferred tax liabilities (Note 10) 485 438
Total non-current liabilities 4,721,438 2,320,066
Current liabilities    
Trade and other payables (Note 18) 222,492 79,591
Current tax liabilities 8,288 9,104
Bank loans (Note 17) 351,170 201,937
Other notes (Note 17) 203,287 3,733
Other borrowings (Note 17) 273,898 95,724
Lease liabilities (Note 17) 1,681 2,293
Provisions (Note 21) 0 274
Total current liabilities 1,060,816 392,656
TOTAL EQUITY and LIABILITIES $ 8,405,574 $ 3,905,046