v3.26.1
Trade and Other Payables (Tables)
 12 Months Ended
Dec. 31, 2025
Trade and other payables [abstract]  
Schedule of trade and other payables
As of December 31,
(in thousands of $)
 
 
 
 
2025
 
 
 
 
2024
2023
Trade payables
 
$
554,268
$
342,228
$
245,557
Sales rebates and reserves
 
402,032
140,474
55,788
Short‑term employee benefits
212,344
150,818
95,104
Other
98,500
16,473
17,564
Total trade and other payables
 
$
1,267,144
$
649,993
$
414,013
Schedule of movement in sales rebates and reserves The following table summarizes the movement in the sales rebates and reserves for the year ended December 31, 2025,
2024 and 2023:
(in thousands of $)
Rebates and
chargebacks
Distribution fees,
product returns
Total sales
rebates and
reserves
Balance on January 1, 2023
$
15,398
$
4,079
$
19,478
Current estimate related to the sales made in the
current year
123,542
26,427
149,969
Adjustment for prior periods
(4,041)
(883)
(4,924)
Credits or payments1)
(85,237)
(23,497)
(108,734)
Balance on December 31, 2023
$
49,662
$
6,126
$
55,788
Current estimate related to the sales made in the
current year
285,863
50,239
336,102
Adjustment for prior periods
(10,912)
(162)
(11,074)
Credits or payments1)
(197,202)
(43,140)
(240,342)
Balance on December 31, 2024
$
127,411
$
13,063
$
140,474
Current estimate related to the sales made in the
current period
824,251
132,171
956,422
Adjustment for prior periods
(6,507)
2,038
(4,469)
Credits or payments
(583,779)
(112,685)
(696,464)
Foreign currency translation differences
6,584
(515)
6,069
Balance on December 31, 2025
$
367,960
$
34,072
$
402,032
1)Comparative figures have been aligned to the presentation adopted in the current year.