F-cap 1

ANNUAL ACCOUNTS AND/OR OTHER DOCUMENTS

TO BE FILED IN ACCORDANCE WITH THE BELGIAN COMPANIES AND ASSOCIATIONS CODE

IDENTIFICATION DETAILS (at the filing date)

NAME: ......E...x.m...a..r........................................................................................................................................................................................

...................................................................................................................................................................................................................

Legal form: .........P...u..b.l.i.c...l.i.m..i.t.e..d...c..o..m...p..a..n..y....................................................................................................................................................

Address: ...D...e...G...e..r.l.a..c.h..e..k..a..a..i...................................................................................................................... Nr.: ........2..0......... Box: .............

Postal code: ......2..0..0..0................. Town: ................A..n..t.w...e..r.p........................................................................................................................ Country: ....B...e..lg..i.u..m.........................................

Register of legal persons - Commercial court: .....A..n..t.w...e..r.p..e..n..,..D..i.v..i.s..io..n...A...n..t.w..e..r..p.e..n......................................................................................

Website1: ..................................................................................................................................................................................

E-mail address1: .......................................................................................................................................................................

0860.409.202

Company registration number

DATE

of filing the most recent document mentioning the date of publication of

08 / 11 / 2023

the deed of incorporation and of the deed of amendment of the articles of association.

This filing concerns:

X

the ANNUAL ACCOUNTS in

USD

approved by the general meeting of

20

/

05

/

2025

X

the OTHER DOCUMENTS

regarding

the financial year covering the period from

01

/

01

/

2024

to

31

/

12

/

2024

01 / 01 / 2023

31 / 12 / 2023

the preceding period of the annual accounts from to

The amounts for the preceding period are /XaXreXXnXot2 identical to the ones previously published.

Total number of pages filed: ...............4..4 Numbers of the sections of the standard model form not filed because they serve

no useful purpose: ......6....1..,..6....2....1..,..6....2....2..,..6....2....4..,..6....2....5..,..6....3....1..,..6....3....4..,..6....3....5..,..6....3....6.,...6....5...2..,..6....1..7..,..6....1..8....2..,..6....1..9..,..6....2..0..,..8..,..9..,..1..1..,..1..2..,..1..3..,..1..4..,..1..5......

  1. Optional mention.

  2. Strike out what does not apply.

    SAVERYS NICOLAS

    Director

    SAVERYS CARL-ANTOINE

    Director

    OCR9002

    Nr.

    0860.409.202

    F-cap 2.1

    LIST OF DIRECTORS, BUSINESS MANAGERS AND AUDITORS AND DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

LIST OF THE DIRECTORS, BUSINESS MANAGERS AND AUDITORS

COMPLETE LIST with surname, first names, profession, place of residence (address, number, postal code and municipality) and position within the company

ACACIA I BV

Nr.: 0699.671.886

Kerseleerveld 19, 2820 Bonheiden, Belgium

Director

17/05/2022 - 20/05/2025

Represented by:

ELS VERBRAECKEN

Kerseleerveld 19, 2820 Bonheiden, Belgium

FMO BV

Nr.: 0845.418.346

Reukenwegel 3, 9070 Heusden (O.-Vl.), Belgium

Director

17/05/2022 - 20/05/2025

Represented by:

FRANCIS MOTTRIE

Reukenwegel 3, 9070 Heusden (O.-Vl.), Belgium

NICOLAS SAVERYS

Kasteelstraat 22, 9250 Waasmunster, Belgium

Director

21/05/2024 - 18/05/2027

PHILIPPE VLERICK

Ronselaarstraat 2, 8510 Bellegem, Belgium

Director

16/05/2023 - 19/05/2026

WOUTER DE GEEST

Rozenlaan 1, 2950 Kapellen, Belgium

Director

17/05/2022 - 20/05/2025

MARYAM AYATI

Muskingum Place, Pacific Palisades 517, CA 90272 California, United States

Director

17/05/2022 - 20/05/2025

CARL-ANTOINE SAVERYS

Chemin de la Commanderie 14, 1300 Wavre, Belgium

Director

21/05/2024 - 18/05/2027

ISABELLE VLEURINCK

Eenbeekstraat 35, 9070 Destelbergen, Belgium

Director

17/05/2022 - 20/05/2025

MICHEL DELBAERE

Grote Heerweg 187, 8791 Beveren (Leie), Belgium

Director

17/05/2022 - 20/05/2025

STEPHANIE SAVERYS

Chemin Martine 1, CH 1283 Dardagny, Switzerland

Director

21/05/2024 - 18/05/2027

Deloitte Bedrijfsrevisoren/ Réviseurs d'Entreprises BV/SRL Nr.: 0429.053.863

Gateway building, Luchthaven Brussel Nationaal 1J, 1930 Zaventem, Belgium Membership nr.: B00025

Auditor

16/05/2023 - 19/05/2026

Represented by:

Fabio De Clercq

Gateway building, Luchthaven Brussel Nationaal 1J, 1930 Zaventem, Belgium

Membership nr.: A01556

Nr.

0860.409.202

F-cap 2.2

DECLARATION REGARDING A COMPLIMENTARY REVIEW OR CORRECTION ASSIGNMENT

The managing board declares that no audit or correction assignment has been given to a person who was not authorised to do so by law, pursuant to art. 34 and 37 of the law of 22th April 1999 concerning accounting and tax professions.

The annual accounts XwXeXre / were not∗ audited or corrected by an external accountant or by a company auditor who is not the statutory auditor.

If affirmative, mention hereafter: surname, first names, profession and address of each external accountant or company auditor and his membership number with his Institute as well as the nature of his assignment:

  1. Bookkeeping of the enterprise ∗∗,

  2. Preparing the annual accounts ∗∗,

  3. Auditing the annual accounts and/or

  4. Correcting the annual accounts.

If the tasks mentioned under A. or B. are executed by certified accountants or certified bookkeepers - tax specialists, you can mention hereafter: surname, first names, profession and address of each certified accountant or certified bookkeeper - tax specialist and his/her affiliation number with the Institute of Accounting Professional and Tax Experts and the nature of his/her assignment.

Surname, first names, profession and address

Affiliation number

Nature of the assignment

(A, B, C and/or D)

∗ Strike out what is not applicable.

∗∗ Optional information.

ANNUAL ACCOUNTS

BALANCE SHEET AFTER APPROPRIATION

Codes

Period

Preceding period

20

.............................

.............................

21/28

484.688.538,53

320.511.839,76

21

.............................

.............................

22/27

373.175,65

191.708,23

22

.............................

.............................

23

202.030,34

175.105,96

24

171.145,31

16.602,27

25

.............................

.............................

26

.............................

.............................

27

.............................

.............................

28

484.315.362,88

320.320.131,53

280/1

483.813.169,69

320.079.168,93

280

51.967.774,37

118.385.299,79

281

431.845.395,32

201.693.869,14

282/3

240.550,92

240.550,92

282

240.550,92

240.550,92

283

.............................

.............................

284/8

261.642,27

411,68

284

1.605,60

80,18

285/8

260.036,67

331,50

Discl.

ASSETS Formation expenses 6.1 Fixed assets ............................................................................ Intangible fixed assets 6.2 Tangible fixed assets 6.3

Land and buildings ................................................................

Plant, machinery and equipment ...........................................

Furniture and vehicles ...........................................................

Leasing and similar rights ......................................................

Other tangible fixed assets .................................................... Assets under construction and advance payments ...............

Financial fixed assets 6.4/6.5.1

Affiliated enterprises 6.15

Participating interests .......................................................

Amounts receivable ..........................................................

Enterprises linked by participating interests 6.15

Participating interests .......................................................

Amounts receivable ..........................................................

Other financial assets ............................................................

Shares ..............................................................................

Amounts receivable and cash guarantees ........................

Codes

Period

Preceding period

29/58

320.469.464,94

137.269.045,07

29

.............................

.............................

290

.............................

.............................

291

.............................

.............................

3

.............................

.............................

30/36

.............................

.............................

30/31

.............................

.............................

32

.............................

.............................

33

.............................

.............................

34

.............................

.............................

35

.............................

.............................

36

.............................

.............................

37

.............................

.............................

40/41

123.445.153,10

53.722.619,53

40

5.664.264,47

6.401.125,31

41

117.780.888,63

47.321.494,22

50/53

134.810.772,82

18.147.142,60

50

23.287.887,83

16.426.597,15

51/53

111.522.884,99

1.720.545,45

54/58

60.913.498,61

64.426.699,69

490/1

1.300.040,41

972.583,25

20/58

805.158.003,47

457.780.884,83

Discl.

Current assets ..................................................................... Amounts receivable after more than one year ...................... Trade debtors ........................................................................

Other amounts receivable .....................................................

Stocks and contracts in progress .......................................... Stocks ....................................................................................

Raw materials and consumables ...................................... Work in progress ...............................................................

Finished goods .................................................................

Goods purchased for resale ............................................. Immovable property intended for sale .............................. Advance payments ...........................................................

Contracts in progress ............................................................

Amounts receivable within one year ...................................... Trade debtors ........................................................................

Other amounts receivable .....................................................

Current investments 6.5.1/6.6

Own shares ...........................................................................

Other investments .................................................................

Cash at bank and in hand ........................................................ Deferred charges and accrued income 6.6 TOTAL ASSETS ........................................................................

Codes

Period

Preceding period

10/15

599.624.625,39

306.609.473,64

10/11

213.445.515,95

213.445.515,95

10

88.811.667,00

88.811.667,00

100

88.811.667,00

88.811.667,00

101

.............................

.............................

11

124.633.848,95

124.633.848,95

1100/10

124.633.848,95

124.633.848,95

1100/19

.............................

.............................

12

.............................

.............................

13

94.060.894,31

87.199.603,63

130/1

32.539.885,92

25.678.595,24

130

8.881.166,70

8.881.166,70

1311

370.831,39

370.831,39

1312

23.287.887,83

16.426.597,15

1313

.............................

.............................

1319

.............................

.............................

132

61.521.008,39

61.521.008,39

133

.............................

.............................

14

292.118.215,13

5.964.354,06

15

.............................

.............................

19

.............................

.............................

16

2.850.000,00

13.296.232,00

160/5

2.850.000,00

13.296.232,00

160

.............................

.............................

161

.............................

.............................

162

.............................

.............................

163

.............................

.............................

164/5

2.850.000,00

13.296.232,00

168

.............................

.............................

Discl.

EQUITY AND LIABILITIES Equity ....................................................................................... Contribution 6.7.1

Capital ...................................................................................

Issued capital ....................................................................

Uncalled capital 4..............................................................

Outside the capital .................................................................

Share premium account .................................................... Others ...............................................................................

Revaluation surpluses ............................................................. Reserves ................................................................................... Reserves not available ..........................................................

Legal reserve ....................................................................

Reserves statutorily not available .....................................

Aquisition of own shares ...................................................

Financial support ..............................................................

Other .................................................................................

Untaxed reserves ..................................................................

Available reserves .................................................................

Accumulated profits (losses) (+)/(-) Investment grants .................................................................... Advance to associates on the sharing out of the assets 5 ... Provisions and deferred taxes ......................................... Provisions for liabilities and charges .....................................

Pensions and similar obligations ........................................... Taxation .................................................................................

Major repairs and maintenance .............................................

Environmental obligations .....................................................

Other liabilities and charges 6.8

Deferred taxes ..........................................................................

  1. Amount to substract of the issued capital

  2. Amount to substract from the other part of the equity

Codes

Period

Preceding period

17/49

202.683.378,08

137.875.179,19

17

79.855.020,64

.............................

170/4

79.855.020,64

.............................

170

.............................

.............................

171

.............................

.............................

172

.............................

.............................

173

.............................

.............................

174

79.855.020,64

.............................

175

.............................

.............................

1750

.............................

.............................

1751

.............................

.............................

176

.............................

.............................

178/9

.............................

.............................

42/48

122.828.357,44

137.864.350,19

42

.............................

.............................

43

.............................

.............................

430/8

.............................

.............................

439

.............................

.............................

44

4.395.332,21

782.909,78

440/4

4.395.332,21

782.909,78

441

.............................

.............................

46

.............................

.............................

45

1.258.819,08

1.238.792,74

450/3

394.896,69

541.290,67

454/9

863.922,39

697.502,07

47/48

117.174.206,15

135.842.647,67

492/3

.............................

10.829,00

10/49

805.158.003,47

457.780.884,83

Discl.

Amounts payable .................................................................. Amounts payable after more than one year 6.9

Financial debts ......................................................................

Subordinated loans ...........................................................

Unsubordinated debentures ............................................. Leasing and other similar obligations ............................... Credit institutions ..............................................................

Other loans .......................................................................

Trade debts ...........................................................................

Suppliers ........................................................................... Bills of exchange payable .................................................

Advances received on contracts in progress ......................... Other amounts payable .........................................................

Amounts payable within one year 6.9

Current portion of amounts payable after more than one year falling due within one year .....................................................

Financial debts ......................................................................

Credit institutions ..............................................................

Other loans .......................................................................

Trade debts ...........................................................................

Suppliers ........................................................................... Bills of exchange payable .................................................

Advances received on contracts in progress .........................

Taxes, remuneration and social security 6.9

Taxes ................................................................................

Remuneration and social security ..................................... Other amounts payable .........................................................

Accruals and deferred income 6.9 TOTAL LIABILITIES .................................................................. INCOME STATEMENT

Codes

Period

Preceding period

70/76A

5.736.055,75

6.121.403,29

70

5.332.287,41

5.737.614,92

71

.............................

.............................

72

.............................

.............................

74

403.768,34

383.788,37

76A

.............................

.............................

60/66A

9.235.923,43

28.414.709,59

60

.............................

.............................

600/8

.............................

.............................

609

.............................

.............................

61

13.706.804,92

10.480.341,57

62

5.352.378,81

4.974.557,53

630

118.077,29

55.549,99

631/4

.............................

.............................

635/8

-10.446.232,00

12.496.232,00

640/8

504.894,41

408.028,50

649

.............................

.............................

66A

.............................

.............................

9901

-3.499.867,68

-22.293.306,30

Discl.

Operating income .....................................................................

Turnover 6.10

Stocks of finished goods and work and contracts in progress: increase (decrease) (+)/(-)

Own work capitalised .............................................................

Other operating income 6.10

Non-recurring operating income 6.12

Operating charges ....................................................................

Raw materials, consumables ................................................. Purchases .........................................................................

Stocks: decrease (increase) (+)/(-)

Services and other goods ......................................................

Remuneration, social security costs and pensions ......(+)/(-) 6.10

Depreciation of and other amounts written off formation expenses, intangible and tangible fixed assets ..................... Amounts written off stocks, contracts in progress and trade debtors: Appropriations (write-backs) ..........................(+)/(-) 6.10

Provisions for liabilities and charges: Appropriations (uses

and write-backs) ..........................................................(+)/(-) 6.10

Other operating charges 6.10

Operating charges carried to assets as restructuring costs(-)

Non-recurring operating charges 6.12

Operating profit (loss) (+)/(-)

Codes

Period

Preceding period

75/76B

75

750

751

752/9

76B

65/66B

65

650

651

652/9

66B

9903

780

680

67/77

670/3

77

9904

789

689

9905

301.994.480,38

201.958.094,38

196.021.117,06

5.806.287,01

130.690,31

100.036.386,00

4.480.149,32

4.480.149,32

9.009.430,44

-6.875.036,19

2.345.755,07

.............................

294.014.463,38

.............................

.............................

999.311,63

999.311,63

.............................

293.015.151,75

.............................

.............................

293.015.151,75

36.333.566,23

32.972.566,23

14.883.300,28

18.046.896,81

42.369,14

3.361.000,00

11.597.588,59

11.597.588,59

4.352.076,88

-1.598.292,73

8.843.804,44

.............................

2.442.671,34

.............................

.............................

-191.652,72

6.983,34

198.636,06

2.634.324,06

.............................

.............................

2.634.324,06

Discl.

Financial income ......................................................................

Recurring financial income .................................................... Income from financial fixed assets ....................................

Income from current assets ..............................................

Other financial income 6.11

Non-recurring financial income 6.12

Financial charges .....................................................................

Recurring financial charges 6.11

Debt charges .........................................................................

Amounts written off current assets except stocks, contracts in progress and trade debtors: appropriations (write-backs)

. (+)/(-)

Other financial charges ..........................................................

Non-recurring financial charges 6.12

Gain (loss) for the period before taxes (+)/(-) Transfer from deferred taxes .................................................. Transfer to deferred taxes ....................................................... Income taxes ...................................................................(+)/(-) 6.13

Taxes .....................................................................................

Adjustment of income taxes and write-back of tax provisions

Gain (loss) of the period (+)/(-) Transfer from untaxed reserves ............................................. Transfer to untaxed reserves .................................................. Gain (loss) of the period available for appropriation ..(+)/(-)

Codes

Period

Preceding period

9906

298.979.505,81

294.648.395,36

(9905)

293.015.151,75

2.634.324,06

14P

5.964.354,06

292.014.071,30

791/2

.............................

88.044.803,20

791

.............................

85.268.074,82

792

.............................

2.776.728,38

691/2

6.861.290,68

.............................

691

.............................

.............................

6920

.............................

.............................

6921

6.861.290,68

.............................

(14)

292.118.215,13

5.964.354,06

794

.............................

.............................

694/7

.............................

376.728.844,50

694

.............................

376.728.844,50

695

.............................

.............................

696

.............................

.............................

697

.............................

.............................

APPROPRIATION ACCOUNT Profit (loss) to be appropriated (+)/(-)

Gain (loss) of the period available for appropriation (+)/(-)

Profit (loss) brought forward (+)/(-)

Withdrawals from capital and reserves ........................................................... on the contribution ..........................................................................................

from reserves ..................................................................................................

Transfer to capital and reserves ......................................................................

to the contribution ...........................................................................................

to legal reserve ...............................................................................................

to other reserves .............................................................................................

Profit (loss) to be carried forward (+)/(-) Owners' contribution in respect of losses ...................................................... Profit to be distributed ......................................................................................

Dividends ........................................................................................................

Directors' or managers' entitlements .............................................................. Employees ......................................................................................................

Other beneficiaries ..........................................................................................

Codes

Period

Preceding period

8052P

8022

8032

8042

8052

8122P

8072

8082

8092

8102

8112

8122

211

xxxxxxxxxxxxxxx

........................

........................

........................

1.314.979,66

xxxxxxxxxxxxxxx

........................

........................

........................

........................

........................

1.314.979,66

........................

1.314.979,66

1.314.979,66

Concessions, patents, licences, know-how, brands and similar rights Acquisition value at the end of the period ...................................................... Movements during the period

Acquisitions, including produced fixed assets ................................................ Sales and disposals ........................................................................................

Transfers from one heading to another (+)/(-)

Acquisition value at the end of the period ...................................................... Depreciations and amounts written down at the end of the period ............. Movements during the period

Recorded ........................................................................................................

Written back ....................................................................................................

Acquisitions from third parties .........................................................................

Cancelled owing to sales and disposals .........................................................

Transferred from one heading to another (+)/(-)

Depreciations and amounts written down at the end of the period ............. Net book value at the end of the period .................................................

Codes

Period

Preceding period

8192P

8162

8172

8182

8192

8252P

8212

8222

8232

8242

8252

8322P

8272

8282

8292

8302

8312

8322

(23)

xxxxxxxxxxxxxxx

109.111,55

........................

........................

1.021.698,55

xxxxxxxxxxxxxxx

........................

........................

........................

........................

........................

xxxxxxxxxxxxxxx

82.187,17

........................

........................

........................

........................

819.668,21

202.030,34

912.587,00

........................

737.481,04

Plant, machinery and equipment Acquisition value at the end of the period ...................................................... Movements during the period

Acquisitions, including produced fixed assets ................................................ Sales and disposals ........................................................................................

Transfers from one heading to another (+)/(-)

Acquisition value at the end of the period ...................................................... Revaluation surpluses at the end of the period ............................................. Movements during the period

Recorded ........................................................................................................

Acquisitions from third parties .........................................................................

Cancelled ........................................................................................................

Transferred from one heading to another (+)/(-)

Revaluation surpluses at the end of the period ............................................. Depreciations and amounts written down at the end of the period ............. Movements during the period

Recorded ........................................................................................................

Written back ....................................................................................................

Acquisitions from third parties .........................................................................

Cancelled owing to sales and disposals .........................................................

Transferred from one heading to another (+)/(-)

Depreciations and amounts written down at the end of the period ............. Net book value at the end of the period .................................................

Codes

Period

Preceding period

8193P

8163

8173

8183

8193

8253P

8213

8223

8233

8243

8253

8323P

8273

8283

8293

8303

8313

8323

(24)

xxxxxxxxxxxxxxx

202.196,12

89.173,84

........................

203.496,83

xxxxxxxxxxxxxxx

........................

........................

........................

........................

........................

xxxxxxxxxxxxxxx

35.890,12

........................

........................

77.410,88

........................

32.351,52

171.145,31

90.474,55

........................

73.872,28

Furniture and vehicles Acquisition value at the end of the period ...................................................... Movements during the period

Acquisitions, including produced fixed assets ................................................ Sales and disposals ........................................................................................

Transfers from one heading to another (+)/(-)

Acquisition value at the end of the period ...................................................... Revaluation surpluses at the end of the period ............................................. Movements during the period

Recorded ........................................................................................................

Acquisitions from third parties .........................................................................

Cancelled ........................................................................................................

Transferred from one heading to another (+)/(-)

Revaluation surpluses at the end of the period ............................................. Depreciations and amounts written down at the end of the period ............. Movements during the period

Recorded ........................................................................................................

Written back ....................................................................................................

Acquisitions from third parties .........................................................................

Cancelled owing to sales and disposals .........................................................

Transferred from one heading to another (+)/(-)

Depreciations and amounts written down at the end of the period ............. Net book value at the end of the period .................................................

Codes

Period

Preceding period

8391P

8361

8371

8381

8391

8451P

8411

8421

8431

8441

8451

8521P

8471

8481

8491

8501

8511

8521

8551P

8541

8551

(280)

281P

8581

8591

8601

8611

8621

8631

(281)

8651

xxxxxxxxxxxxxxx

........................

66.416.000,00

-1.525,42

138.596.599,91

xxxxxxxxxxxxxxx

........................

........................

........................

........................

........................

xxxxxxxxxxxxxxx

........................

........................

........................

........................

........................

86.628.825,54

xxxxxxxxxxxxxxx

........................

........................

51.967.774,37

xxxxxxxxxxxxxxx

367.699.217,70

137.344.900,10

........................

........................

-202.791,42

........................

431.845.395,32

52.109.814,52

205.014.125,33

........................

86.628.825,54

........................

201.693.869,14

STATEMENT OF FINANCIAL FIXED ASSETS Affiliated enterprises - participating interests and shares Acquisition value at the end of the period ...................................................... Movements during the period

Acquisitions .....................................................................................................

Sales and disposals ........................................................................................

Transfers from one heading to another (+)/(-)

Acquisition value at the end of the period ...................................................... Revaluation surpluses at the end of the period ............................................. Movements during the period

Recorded ........................................................................................................

Acquisitions from third parties .........................................................................

Cancelled ........................................................................................................

Transferred from one heading to another (+)/(-)

Revaluation surpluses at the end of the period ............................................. Amounts written down at the end of the period ............................................. Movements during the period

Recorded ........................................................................................................

Written back ....................................................................................................

Acquisitions from third parties .........................................................................

Cancelled owing to sales and disposals .........................................................

Transferred from one heading to another (+)/(-)

Amounts written down at the end of the period ............................................. Uncalled amounts at the end of the period ..................................................... Movements during the period (+)/(-) Uncalled amounts at the end of the period ..................................................... Net book value at the end of the period ................................................. Affiliated enterprises - amounts receivable Net book value at the end of the period ................................................. Movements during the period

Additions .........................................................................................................

Repayments ....................................................................................................

Amounts written down ....................................................................................

Amounts written back .....................................................................................

Exchange differences (+)/(-)

Other movements (+)/(-)

Net book value at the end of the period ................................................. Accumulated amounts written off amounts receivable at end of the period ......................................................................................................... Enterprises linked by a participating interest - participating interests and shares Acquisition value at the end of the period ...................................................... Movements during the period

Acquisitions .....................................................................................................

Sales and disposals ........................................................................................

Transfers from one heading to another (+)/(-)

Acquisition value at the end of the period ...................................................... Revaluation surpluses at the end of the period ............................................. Movements during the period

Recorded ........................................................................................................

Acquisitions from third parties .........................................................................

Cancelled ........................................................................................................

Transferred from one heading to another (+)/(-)

Revaluation surpluses at the end of the period ............................................. Amounts written down at the end of the period ............................................. Movements during the period

Recorded ........................................................................................................

Written back ....................................................................................................

Acquisitions from third parties .........................................................................

Cancelled owing to sales and disposals .........................................................

Transferred from one heading to another (+)/(-)

Amounts written down at the end of the period ............................................. Uncalled amounts at the end of the period ..................................................... Movements during the period (+)/(-) Uncalled amounts at the end of the period ..................................................... Net book value at the end of the period ................................................. Enterprises linked by a participating interest - amounts receivable Net book value at the end of the period ................................................. Movements during the period

Additions .........................................................................................................

Repayments ....................................................................................................

Amounts written down ....................................................................................

Amounts written back .....................................................................................

Exchange differences (+)/(-)

Other movements (+)/(-)

Net book value at the end of the period ................................................. Accumulated amounts written off amounts receivable at end of the period .........................................................................................................

Codes

Period

Preceding period

8392P

8362

8372

8382

8392

8452P

8412

8422

8432

8442

8452

8522P

8472

8482

8492

8502

8512

8522

8552P

8542

8552

(282)

283P

8582

8592

8602

8612

8622

8632

(283)

8652

xxxxxxxxxxxxxxx

........................

........................

........................

240.550,92

xxxxxxxxxxxxxxx

........................

........................

........................

........................

........................

xxxxxxxxxxxxxxx

........................

........................

........................

........................

........................

........................

xxxxxxxxxxxxxxx

........................

........................

240.550,92

xxxxxxxxxxxxxxx

........................

........................

........................

........................

........................

........................

........................

........................

240.550,92

........................

........................

........................

........................

Codes

Period

Preceding period

8393P

8363

8373

8383

8393

8453P

8413

8423

8433

8443

8453

8523P

8473

8483

8493

8503

8513

8523

8553P

8543

8553

(284)

285/8P

8583

8593

8603

8613

8623

8633 (285/8)

8653

xxxxxxxxxxxxxxx

........................

881.391,92

1.525,42

1.525,42

xxxxxxxxxxxxxxx

........................

........................

........................

........................

80,18

xxxxxxxxxxxxxxx

........................

........................

........................

881.391,92

........................

........................

xxxxxxxxxxxxxxx

........................

........................

1.605,60

xxxxxxxxxxxxxxx

264.050,00

........................

........................

........................

-4.344,83

........................

260.036,67

........................

881.391,92

80,18

881.391,92

........................

331,50

Other enterprises - participating interests and shares Acquisition value at the end of the period ...................................................... Movements during the period

Acquisitions .....................................................................................................

Sales and disposals ........................................................................................

Transfers from one heading to another (+)/(-)

Acquisition value at the end of the period ...................................................... Revaluation surpluses at the end of the period ............................................. Movements during the period

Recorded ........................................................................................................

Acquisitions from third parties .........................................................................

Cancelled ........................................................................................................

Transferred from one heading to another (+)/(-)

Revaluation surpluses at the end of the period ............................................. Amounts written down at the end of the period ............................................. Movements during the period

Recorded ........................................................................................................

Written back ....................................................................................................

Acquisitions from third parties .........................................................................

Cancelled owing to sales and disposals .........................................................

Transferred from one heading to another (+)/(-)

Amounts written down at the end of the period ............................................. Uncalled amounts at the end of the period ..................................................... Movements during the period (+)/(-) Uncalled amounts at the end of the period ..................................................... Net book value at the end of the period ................................................. Others enterprises - amounts receivable Net book value at the end of the period ................................................. Movements during the period

Additions .........................................................................................................

Repayments ....................................................................................................

Amounts written down ....................................................................................

Amounts written back .....................................................................................

Exchange differences (+)/(-)

Other movements (+)/(-)

Net book value at the end of the period ................................................. Accumulated amounts written off amounts receivable at end of the period ......................................................................................................... PARTICIPATING INTERESTS INFORMATION Participating interests and shares in other enterprises

The following list mentions the companies in which the company holds a participating interest (recorded in headings 280 and 282 of assets), as well as the companies in which the company holds rights (recorded in headings 284 and 51/53 of assets) for an amount of at least 10% of the capital, the equity or a class of shares of the company.

NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the

COMPANY IDENTIFICATION NUMBER

Rights held

Data extracted from the most recent annual accounts

Nature

directly

subsidiari es

Annual accounts as per

Curre ncy code

Capita land reserves

Net result

Number

%

%

(+) or (-)

(in units)

EXMAR ENERGY HONG KONG LTD

Foreign company

room 2503-05, 25th floor,Harcourt house, 39 Gloucester road Wanchai, , Hong Kong

31/12/2023

USD

21.771.498,00

9.270.867,00

Ordinary

shares

1.000

100

EXMAR LPG HOLDING BV 0891.233.327

Limited liability company

De Gerlachekaai 20, 2000 Antwerp, Belgium

31/12/2023

USD

18.162.108,00

287.661,00

Ordinary

shares

100

100

EXMAR HONG KONG Ltd

Foreign company

Room 3206 Lippo Center, Tower II 89, Queensway, , Hong Kong

31/12/2023

HKD

259.634.347,00

34.136.612,00

Ordinary

34.749.0

shares

99

99

1

EXMAR HOLDINGS Ltd

Foreign company

Broad street, Monrovia 80, , Liberia

31/12/2023

USD

1.255.776,00

14.559,00

Ordinary

shares

600

60

40

EXMAR LPG BV 0501.532.758

Limited liability company

De Gerlachekaai 20, 2000 Antwerp, Belgium

31/12/2023

USD

130.896.365,00

-3.178.851,00

Ordinary

shares

664.160

50

EXMAR LUX SA LU14757513

Foreign company

Boulevard Prince Henri 25, L-1724 Luxemburg, Luxembourg

31/12/2023

EUR

-417.958,26

-245.359,06

Ordinary

shares

3.354

99,97

0,03

Participating interests and shares in other enterprises (continued)

NAME, full address of the REGISTERED OFFICE and for an enterprise governed by Belgian law, the

COMPANY IDENTIFICATION NUMBER

Rights held

Data extracted from the most recent annual accounts

Nature

directly

subsidiari es

Annual accounts as per

Curre ncy code

Capita land reserves

Net result

Number

%

%

(+) or (-)

(in units)

EXMAR MARINE NV 0424.355.501

Public limited company

De Gerlachekaai 20, 2000 Antwerp, Belgium

31/12/2023

USD

4.787.682,00

8.938.958,00

Ordinary

shares

538.000

100

EXMAR NETHERLANDS BV NL852271517B01

Foreign company

De Hees 9, 5975 Sevenum, Netherlands

31/12/2021

USD

2.139.000,00

4.032.000,00

Ordinary

3.000.00

shares

0

100

EXMAR SHIPMANAGEMENT BV 0442.176.676

Limited liability company

De Gerlachekaai 20, 2000 Antwerp, Belgium

31/12/2023

EUR

11.250.375,00

-525.969,00

Ordinary

shares

3.100

100

I.M.A. NV 0404.507.915

Public limited company

De Gerlachekaai 20, 2000 Antwerp, Belgium

31/12/2023

EUR

10.516.666,00

188.809,00

Ordinary

shares

48.542

99,06

TRAVEL PLUS BV 0442.160.147

Limited liability company Verviersstraat 2-4, 2000 Antwerp, Belgium

31/12/2023

EUR

1.324.621,00

188.954,00

Ordinary

shares

1.302

100

Nr.

0860.409.202

F-cap 6.6

Codes

Period

Preceding period

51

1.457.095,09

1.720.545,45

8681

1.457.095,09

1.720.545,45

8682

........................

........................

8683

........................

........................

52

........................

........................

8684

........................

........................

53

110.065.789,90

........................

8686

110.065.789,90

........................

8687

........................

........................

8688

........................

........................

8689

........................

........................

OTHER INVESTMENTS AND DEPOSITS, ALLOCATION DEFERRED CHARGES AND ACCRUED INCOME Investments: other investments and deposits Shares and current investments other than fixed income investments .... Shares - Book value increased with the uncalled amount ............................ Shares - Uncalled amount ............................................................................

Precious metals and works of art ..................................................................

Fixed income securities ..................................................................................

Fixed income securities issued by credit institutions ....................................

Fixed term accounts with credit institutions ................................................

With residual term or notice of withdrawal

up to one month ....................................................................................... between one month and one year ........................................................... over one year ...........................................................................................

Other investments not mentioned above ......................................................

653.435,82

54.808,07

591.796,52

........................

Period

Deferred charges and accrued income Allocation of heading 490/1 of assets if the amount is significant

.............................................................................................................................................................................

.............................................................................................................................................................................

.............................................................................................................................................................................

.............................................................................................................................................................................

Codes

Period

Preceding period

100P

xxxxxxxxxxxxxxx

88.811.667,00

(100)

88.811.667,00

STATEMENT OF CAPITAL AND SHAREHOLDING STRUCTURE Statement of capital Capital

Issued capital at the end of the period ............................................................

Codes

Value

Number of shares

........................

........................

........................

........................

........................

........................

........................

........................

88.811.667,00

59.500.000

........................

........................

........................

........................

........................

........................

8702

xxxxxxxxxxxxxx

50.064.783

8703

xxxxxxxxxxxxxx

9.197.293

Issued capital at the end of the period ............................................................

Changes during the period

.....................................................................................................................

.....................................................................................................................

.....................................................................................................................

.....................................................................................................................

Structure of the capital Different categories of shares

Shares without indication of nominal value ................................................

.....................................................................................................................

.....................................................................................................................

.....................................................................................................................

Registered shares ...........................................................................................

Codes

Uncalled amount

Capital called but not paid

(101)

........................

xxxxxxxxxxxxxx

8712

xxxxxxxxxxxxxx

........................

........................

........................

........................

........................

........................

........................

........................

........................

Shares dematerialized ....................................................................................

Capital not paid

Uncalled capital ..............................................................................................

Called up capital, unpaid ................................................................................

Shareholders having yet to pay up in full

.....................................................................................................................

.....................................................................................................................

.....................................................................................................................

Codes

Period

8721

23.287.887,83

8722

1.956.013

8731

........................

8732

........................

8740

........................

8741

........................

8742

........................

8745

........................

8746

........................

8747

........................

8751

12.000.000,00

.....................................................................................................................

Own shares

Held by the company itself

Amount of capital held ....................................................................................................................

Corresponding number of shares ...................................................................................................

Held by the subsidiaries

Amount of capital held ....................................................................................................................

Corresponding number of shares ...................................................................................................

Commitments to issue shares

Owing to the exercise of conversion rights

Amount of outstanding convertible loans .......................................................................................

Amount of capital to be subscribed ................................................................................................

Corresponding maximum number of shares to be issued ..............................................................

Owing to the exercise of subscription rights

Number of outstanding subscription rights .....................................................................................

Amount of capital to be subscribed ................................................................................................

Corresponding maximum number of shares to be issued ..............................................................

Authorized capital not issued ...............................................................................................................

Codes

Period

8761

........................

8762

........................

8771

........................

8781

........................

Shares issued, non representing capital

Distribution

Number of shares ...........................................................................................................................

Number of voting rights attached thereto .......................................................................................

Allocation by shareholder

Number of shares held by the company itself ................................................................................

........................

........................

........................

........................

Period

Number of shares held by its subsidiaries ......................................................................................

Supplementary explanation relating to the contribution (including the industry contribution)

........................................................................................................................................................................

........................................................................................................................................................................

........................................................................................................................................................................

........................................................................................................................................................................

SHAREHOLDERS' STRUCTURE OF THE COMPANY AT YEAR-END CLOSING DATE

As reflected in the notifications received by the company pursuant to article 7:225 of the Belgian Companies and Associations Code, article 14 fourth paragraph of the law of 2 May 2007 on the publication of major holdings and article 5 of the Royal Decree of 21 August 2008 on further rules for certain multilateral trading facilities.

NAME of the persons who hold the rights of the enterprise, specifying the ADDRESS (of the registered office, when it involves a legal person) and the COMPANY IDENTIFICATION NUMBER, when it involves an enterprise under Belgian law

Rights held

Nature

Number of voting rights

%

Linked to securities

Not linked to securities

Saverex nv

0436.287.291

De Gerlachekaai 20, 2000 Antwerp, Belgium

Shares

50.064.783

84,14

Exmar nv

0860.409.202

De Gerlachekaai 20, 2000 Antwerp, Belgium

Shares

3,29

Freefloat #ID 028

Shares

7.479.204

12,57

2.850.000,00

........................

........................

........................

Period

Analysis of the heading 164/5 of liabilities if the amount is significant

.............................................................................................................................................................................

.............................................................................................................................................................................

.............................................................................................................................................................................

.............................................................................................................................................................................

Codes

Period

8801

........................

8811

........................

8821

........................

8831

........................

8841

........................

8851

........................

8861

........................

8871

........................

8881

........................

8891

........................

8901

........................

(42)

........................

8802

79.855.020,64

8812

........................

8822

........................

8832

........................

8842

........................

8852

79.855.020,64

8862

........................

8872

........................

8882

........................

8892

........................

8902

........................

8912

79.855.020,64

8803

........................

8813

........................

8823

........................

8833

........................

8843

........................

8853

........................

8863

........................

8873

........................

8883

........................

8893

........................

8903

........................

8913

........................

STATEMENT OF AMOUNTS PAYABLE, ACCRUED CHARGES AND DEFERRED INCOME Breakdown of amounts payable with an original period to maturity of more than one year, according to their residual term Current portion of amounts payable after more than one year falling due within one year

Financial debts ....................................................................................................................................

Subordinated loans ........................................................................................................................

Unsubordinated debentures ...........................................................................................................

Leasing and other similar obligations .............................................................................................

Credit institutions ............................................................................................................................

Other loans .....................................................................................................................................

Trade debts .........................................................................................................................................

Suppliers ........................................................................................................................................

Bills of exchange payable ...............................................................................................................

Advance payments received on contract in progress ......................................................................... Other amounts payable .......................................................................................................................

Total current portion of amounts payable after more than one year falling due within one year .. Amounts payable with a remaining term of more than one but not more than five years

Financial debts ....................................................................................................................................

Subordinated loans ........................................................................................................................

Unsubordinated debentures ...........................................................................................................

Leasing and other similar obligations .............................................................................................

Credit institutions ............................................................................................................................

Other loans .....................................................................................................................................

Trade debts .........................................................................................................................................

Suppliers ........................................................................................................................................

Bills of exchange payable ...............................................................................................................

Advance payments received on contracts in progress ........................................................................ Other amounts payable .......................................................................................................................

Total amounts payable with a remaining term of more than one but not more than five years .... Amounts payable with a remaining term of more than five years

Financial debts ....................................................................................................................................

Subordinated loans ........................................................................................................................

Unsubordinated debentures ...........................................................................................................

Leasing and other similar obligations .............................................................................................

Credit institutions ............................................................................................................................

Other loans .....................................................................................................................................

Trade debts .........................................................................................................................................

Suppliers ........................................................................................................................................

Bills of exchange payable ...............................................................................................................

Advance payments received on contracts in progress ........................................................................ Other amounts payable .......................................................................................................................

Total amounts payable with a remaining term of more than five years ...........................................

Codes

Period

8921

........................

8931

........................

8941

........................

8951

........................

8961

........................

8971

........................

8981

........................

8991

........................

9001

........................

9011

........................

9021

........................

9051

........................

9061

........................

8922

........................

8932

........................

8942

........................

8952

........................

8962

........................

8972

........................

8982

........................

8992

........................

9002

........................

9012

........................

9022

........................

9032

........................

9042

........................

9052

........................

9062

........................

Guaranteed amounts payable (included in headings 17 and 42/48 of the liabilities) Amounts payable guaranteed by Belgian public authorities

Financial debts ....................................................................................................................................

Subordinated loans ........................................................................................................................

Unsubordinated debentures ...........................................................................................................

Leasing and similar obligations ......................................................................................................

Credit institutions ............................................................................................................................

Other loans .....................................................................................................................................

Trade debts .........................................................................................................................................

Suppliers ........................................................................................................................................

Bills of exchange payable ...............................................................................................................

Advance payments received on contracts in progress ........................................................................ Remuneration and social security .......................................................................................................

Other amounts payable .......................................................................................................................

Total amounts payable guaranteed by Belgian public authorities ................................................... Amounts payable guaranteed by real securities or irrevocably promised by the enterprise on its own assets

Financial debts ....................................................................................................................................

Subordinated loans ........................................................................................................................

Unsubordinated debentures ...........................................................................................................

Leasing and similar obligations ......................................................................................................

Credit institutions ............................................................................................................................

Other loans .....................................................................................................................................

Trade debts .........................................................................................................................................

Suppliers ........................................................................................................................................

Bills of exchange payable ...............................................................................................................

Advance payments received on contracts in progress ........................................................................

Taxes, remuneration and social security ............................................................................................. Taxes .............................................................................................................................................. Remuneration and social security ..................................................................................................

Other amounts payable .......................................................................................................................

Codes

Period

9072

........................

9073

155.295,18

450

239.601,51

9076

........................

9077

863.922,39

Total amounts payable guaranteed by real securities or irrevocably promised by the enterprise on its own assets ................................................................................................................................... Taxes, remuneration and social security Taxes (heading 450/3 and 179 of the liabilities)

Outstanding tax debts .........................................................................................................................

Accruing taxes payable .......................................................................................................................

Estimated taxes payable .....................................................................................................................

Remuneration and social security (headings 454/9 and 179 of the liabilities)

Amounts due to the National Social Security Office ............................................................................ Other amounts payable in respect of remuneration and social security .............................................

........................

........................

........................

........................

Period

Accruals and deferred income Allocation of heading 492/3 of liabilities if the amount is significant

.............................................................................................................................................................................

.............................................................................................................................................................................

.............................................................................................................................................................................

.............................................................................................................................................................................

Codes

Period

Preceding period

........................

........................

........................

........................

........................

........................

........................

........................

........................

........................

........................

........................

........................

........................

........................

........................

740

........................

........................

9086

43

39

9087

39,4

37,8

9088

65.576

60.540

620

3.621.168,48

3.284.353,76

621

913.246,45

824.817,54

622

287.034,65

410.969,86

623

530.929,23

454.416,37

624

........................

........................

OPERATING RESULTS Operating income Net turnover

Allocation by categories of activity

...................................................................................................................

...................................................................................................................

...................................................................................................................

...................................................................................................................

Allocation into geographical markets

...................................................................................................................

...................................................................................................................

...................................................................................................................

...................................................................................................................

Other operating income

Operating subsidies and compensatory amounts received from public authorities .....................................................................................................

Operating charges Employees for whom the enterprise submitted a DIMONA declaration or who are recorded in the general personnel register

Total number at the closing date ..................................................................

Average number of employees calculated in full-time equivalents ............... Number of actual worked hours ....................................................................

Personnel costs

Remuneration and direct social benefits .......................................................

Employers' contribution for social security ....................................................

Employers' premiums for extra statutory insurance ...................................... Other personnel costs (+)/(-)

Retirement and survivors' pensions ..............................................................

Codes

Period

Preceding period

635

........................

........................

9110

........................

........................

9111

........................

........................

9112

........................

........................

9113

........................

........................

9115

-10.446.232,00

12.496.232,00

9116

........................

........................

640

503.543,86

406.857,17

641/8

1.350,55

1.171,33

9096

........................

........................

9097

........................

0,4

9098

........................

742

617

........................

44.230,09

Provisions for pensions and other similar rights

Appropriations (uses and write-backs) (+)/(-)

Amounts written off

Stocks and contracts in progress

Recorded .................................................................................................

Written back .............................................................................................

Trade debts

Recorded .................................................................................................

Written back .............................................................................................

Provisions for liabilities and charges

Additions .......................................................................................................

Uses and write-backs ...................................................................................

Other operating charges

Taxes related to operation ............................................................................

Other costs ...................................................................................................

Hired temporary staff and personnel placed at the enterprise's disposal

Total number at the closing date ..................................................................

Average number calculated in full-time equivalents ..................................... Number of actual worked hours ....................................................................

Costs to the enterprise ..................................................................................

Codes

Period

Preceding period

9125

9126

754

6501

6502

6510

6511

653

6560

6561

654

655

........................

........................

........................

129.796,55

........................

........................

........................

........................

........................

6.875.036,19

........................

........................

........................

185.861,61

156.913,45

25.260,88

1.977.719,13

........................

........................

........................

199,62

42.169,52

........................

........................

........................

........................

........................

1.598.292,73

........................

........................

........................

4.603.403,81

2.264.765,57

88.240,48

333.529,68

........................

FINANCIAL RESULTS Recurring financial income Other financial income

Subsidies granted by public authorities and recorded as income for the period

Capital subsidies ......................................................................................

Interest subsidies .....................................................................................

Allocation of other financial income

Currency differences realized ..................................................................

Others

...................................................................................................................

...................................................................................................................

...................................................................................................................

Recurring financial charges Depreciation of loan issue expenses ............................................................ Capitalized Interests ........................................................................................ Amounts written off current assets

Recorded ......................................................................................................

Written back ..................................................................................................

Other financial charges

Amount of the discount borne by the enterprise, as a result of negotiating amounts receivable .......................................................................................

Provisions of a financial nature

Appropriations ...............................................................................................

Uses and write-backs ...................................................................................

Allocation of other financial charges

Currency differences realized .......................................................................

Currency translation differences ...................................................................

Others

........................................................................................................................

........................................................................................................................

........................................................................................................................

Codes

Period

Preceding period

76

100.036.386,00

3.361.000,00

(76A)

.............................

.............................

760

.............................

.............................

7620

.............................

.............................

7630

.............................

.............................

764/8

.............................

.............................

(76B)

100.036.386,00

3.361.000,00

761

.............................

3.361.000,00

7621

.............................

.............................

7631

100.036.386,00

.............................

769

.............................

.............................

66

.............................

.............................

(66A)

.............................

.............................

660

.............................

.............................

6620

.............................

.............................

6630

.............................

.............................

664/7

.............................

.............................

6690

.............................

.............................

(66B)

.............................

.............................

661

.............................

.............................

6621

.............................

.............................

6631

.............................

.............................

668

.............................

.............................

6691

.............................

.............................

INCOME AND CHARGE OF EXCEPTIONAL SIZE OR INCIDENCE Non recurring income ................................................................................... Non-recurring operating income ......................................................................

Write-back of depreciation and of amounts written off intangible and tangible fixed assets .....................................................................................................

Write-back of provisions for non-recurring operating liabilities and charges .. Capital gains on disposal of intangible and tangible fixed asset ..................... Other non-recurring operating income ............................................................

Non-recurring financial income .......................................................................

Write-back of amounts written down financial fixed assets ............................ Write-back of provisions for non-recurring financial liabilities and charges .... Capital gains on disposal of financial fixed assets .......................................... Other non-recurring financial income ..............................................................

Non-recurring expenses .............................................................................. Non-recurring operating charges ....................................................................

Non-recurring depreciation of and amounts written off formation expenses, intangible and tangible fixed assets ................................................................

Provisions for non-recurring operating liabilities and charges: Appropriations (uses) (+)/(-)

Capital losses on disposal of intangible and tangible fixed assets ................. Other non-recurring operating charges ........................................................... Non-recurring operating charges carried to assets as restructuring costs .(-)

Non-recurring financial charges ......................................................................

Amounts written off financial fixed assets .......................................................

Provisions for non-recurring financial liabilities and charges: Appropriations (uses) (+)/(-)

Capital losses on disposal of financial fixed assets ........................................ Other non-recurring financial charges ............................................................ Non-recurring financial charges carried to assets as restructuring costs (-)

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Exmar NV published this content on October 23, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 23, 2025 at 09:40 UTC.