Earnings per Share

12 Months Ended

Dec. 31, 2025

23. Earnings per Share


	Year Ended December 31
(in thousands of $ except for shares and EPS)	2025		2024		2023
Profit/(Loss) for the period	$	1,292,035	$	833,040	$	(295,053)
Weighted average number of shares used for basic profit/ (loss) per share		61,295,149		59,855,585		57,169,253
Basic profit/(loss) per share (in $)	$	21.08	$	13.92	$	(5.16)
Weighted average number of shares used for diluted profit/ (loss) per share		66,029,215		65,177,815		57,169,253
Diluted profit/(loss) per share (in $)	$	19.57	$	12.78	$	(5.16)

Profit/(loss) per ordinary share is calculated by dividing the profit/(loss) for the period by the weighted average number

of ordinary shares during the year. Diluted profit/(loss) per share is calculated by adjusting the weighted average number

of shares by in the money outstanding dilutive stock options, RSUs and PSUs.

As the Company reported a net loss in 2023, stock options and RSUs had an anti-dilutive effect rather than a dilutive

effect. As such, there is no difference between basic and diluted loss per ordinary share for this period.