Financial Assets - Current

12 Months Ended

Dec. 31, 2025

10. Financial Assets — Current

These current financial assets relate to term accounts with an initial maturity longer than three months and less than 12

months and money market funds that do not qualify as cash equivalents as they are not expected to be used to meet

short-term commitments.


	As of December 31,
(in thousands of $)	2025		2024		2023
Term accounts		948,750		1,878,890		1,131,000
Total current financial assets	$	948,750	$	1,878,890	$	1,131,000

On December 31, 2025, the current financial assets included $59 million (€50 million) held in EUR (compared to

$104 million (€100 million) for the year ended December 31, 2024 and $221 million (€200 million) for the year ended

December 31, 2023) which could generate a foreign currency exchange gain or loss in the financial results in accordance

with the fluctuations of the USD/EUR exchange rate as the Company’s functional currency is USD.

Please also refer to “Note 24 — Financial Risk Management” for more information on the financial risk management.

Categories of financial assets and liabilities:


	Measurement category	Carrying amount on December 31
(in thousands of $)		2025		2024		2023
Financial assets - non-current	FVTPL	$	37,130	$	25,549	$	21,715
Financial assets - non-current	FVTOCI		10,022		14,880		15,528
Research and development incentive receivables - non-current	Amortized cost		86,212		94,854		76,706
Restricted assets - non-current	Amortized cost		4,838		1,964		2,419
Trade and other receivables	Amortized cost		1,646,692		904,471		496,687
Financial assets - current	Amortized cost		948,750		1,878,890		1,131,000
Research and development incentive receivables - current	Amortized cost		10,367		4,625		2,584
Cash and bank balances	Amortized cost		5,176		5,527		20,744
Cash equivalents	FVTPL		2,541,112		1,394,409		1,678,100
Cash equivalents	Amortized cost		945,001		100,000		350,000
Trade and other payables	Amortized cost		1,267,144		649,993		414,013