XML 34 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME      
Revenue - Shipping $ 962,803 $ 1,224,520 $ 833,332
Revenue - Product Services 2,600,944 1,722,820 724,792
Cost of cargo and delivery expenses - Product Services (2,390,929) (1,547,059) (640,554)
Voyage expenses - Shipping (383,798) (509,340) (350,016)
Vessel operating expenses (84,984) (82,192) (93,428)
Time charter contracts (non-lease components) (19,675) (20,350) (19,506)
General and administrative expenses (71,134) (56,773) (31,916)
Charter hire expenses (1,041) (30,712) (16,427)
Fair value gain from equity financial asset 1,326    
Finance lease income 635 278 585
Other operating income/(expense) - net 1,332 (993) 815
Depreciation (201,338) (217,121) (158,815)
Amortisation of intangible assets (843) (762) (610)
Gain on disposal of vessels 20,391 42,374 21,110
Loss on derecognition of right-of-use assets (vessels)   (961)  
Write back of impairment charge on vessels     1,470
Operating profit 433,689 523,729 270,832
Foreign currency exchange loss - net (1,651) (345) (814)
Interest income 15,617 10,121 1,941
Interest expense (19,849) (27,304) (29,773)
Other finance expenses (2,843) (2,237) (2,538)
Finance expenses - net (8,726) (19,765) (31,184)
Profit before tax 424,963 503,964 239,648
Income tax expense (30,095) (10,965) (1,071)
Profit after tax 394,868 492,999 238,577
Items that will not be reclassified to profit or loss:      
- fair value loss (7,030)    
Items that may be reclassified subsequently to profit or loss:      
- fair value gain/(loss) 62,841 (102,297) 34,694
- reclassification to profit or loss (21,464) 49,978 (3,248)
Currency translation reserve (1,022) 2,334 2,066
Other comprehensive income/(loss), net of tax 33,325 (49,985) 33,512
Total comprehensive income 428,193 443,014 272,089
Profit attributable to:      
Equity holders of the Company 354,296 469,957 227,396
Non-controlling interests 40,572 23,042 11,181
Profit after tax 394,868 492,999 238,577
Total comprehensive income:      
Equity holders of the Company 387,797 418,818 260,705
Non-controlling interests 40,396 24,196 11,384
Total comprehensive income $ 428,193 $ 443,014 $ 272,089
Earnings per share attributable to the equity holders of the Company: (expressed in US$ per share)      
Basic earnings per share (US$ per share) $ 2.65 $ 3.57 $ 1.69
Diluted earnings per share (US$ per share) $ 2.64 $ 3.53 $ 1.68