9. Leases

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Time charter-in contracts

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We did not time charter-in any new vessels during the three months ended June 30, 2026. All of our time chartered-in VLGCs were deployed in the Helios Pool and earned net pool revenues of $38.5 million and $14.8 million for the three months ended June 30, 2026 and 2025, respectively.

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Charter hire expenses for the VLGCs time chartered in were as follows:

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Office leases

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We currently have operating leases for our offices in Stamford, Connecticut, USA; Copenhagen, Denmark; and Athens, Greece, which we determined to be operating leases and record the lease expense as part of general and administrative expenses in our unaudited interim condensed consolidated statements of operations. During the three months ended June 30, 2026 we extended the operating lease for our Athens office for an additional three years with an

option to extend the lease for a further three years that is considered reasonably certain to be exercised. As a result, a right-of-use asset and lease liability of $1.8 million were recognized on our balance sheets as of June 30, 2026.

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Operating lease rent expense related to our office leases was as follows:

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For our office leases and time charter-in agreements included in the balance sheets, the discount rate used ranged from 5.17% to 6.34%. The weighted average discount rate used to calculate the lease liability was 5.73%. The weighted average remaining lease term of our office leases and time chartered-in vessels as of June 30, 2026 is 41.1 months.

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Our operating lease right-of-use asset and lease liabilities as of June 30, 2026 and March 31, 2026 were as follows:

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Maturities of operating lease liabilities as of June 30, 2026 were as follows:

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