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<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">UNITED STATES</div>
<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
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<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">FORM 6-K</div>
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<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO</div>
<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">RULE 13A-16 OR 15D-16 UNDER THE SECURITIES</div>
<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">EXCHANGE ACT OF 1934</div>
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<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt;">For the month of November 2025</div>
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<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt;">Commission File Number:  <u>001-16601</u></div>
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<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">FRONTLINE PLC</div>
<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt;">(Translation of registrant's name into English)</div>
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<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">8, Kennedy Street, Iris House, Off. 740B, 3106 Limmasol, Cyprus</div>
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<div style="text-align: justify; font-family: 'Times New Roman', serif; font-size: 12pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
<div style="text-align: justify; font-family: 'Times New Roman', serif; font-size: 12pt;">Form 20-F [ X ]     Form 40-F [   ]</div>
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<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
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<div style="text-align: justify; margin-top: 3pt; margin-bottom: 3pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">Attached hereto as Exhibit 1 is a copy of the press release issued by Frontline plc (the “Company”) on
November 21, 2025, reporting the Company’s results for the third quarter and nine months ended September 30, 2025.</div>
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<div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">SIGNATURES</div>
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<div style="text-align: justify; font-family: 'Times New Roman', serif; font-size: 12pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.</div>
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<div style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">FRONTLINE PLC</div>
<div style="font-family: 'Times New Roman', serif; font-size: 12pt;">(registrant)</div>
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<div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Dated: November 21, 2025</div>
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<div style="font-family: 'Times New Roman', serif; font-size: 12pt;"> /s/ Inger M. Klemp</div>
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<div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Name: Inger M. Klemp</div>
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<div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Title: Principal Financial Officer</div>
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<div style="text-align: right; margin-top: 3pt; margin-bottom: 3pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">EXHIBIT 1</div>
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<div style="text-align: center; color: #005091; font-family: Calibri, sans-serif; font-size: 18pt; font-weight: bold;">INTERIM FINANCIAL INFORMATION</div>
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<div style="text-align: center; color: #005091; font-family: Calibri, sans-serif; font-size: 16pt; font-weight: bold;">FRONTLINE PLC</div>
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<div style="text-align: center; color: #005091; font-family: Calibri, sans-serif; font-size: 14pt; font-weight: bold;">THIRD QUARTER 2025</div>
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<div style="text-align: center; color: #005091; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">21 November 2025</div>
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<div style="text-align: justify; color: #005091; font-family: Calibri, sans-serif; font-size: 12pt; font-weight: bold;">FRONTLINE PLC REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2025</div>
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<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Frontline plc (the “Company”, “Frontline,” “we,” “us,” or “our”), today reported unaudited results for the three and <font style="color: #000000;">nine</font>
months ended <font style="color: #000000;">September 30, 2025</font>:</div>
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<div style="text-align: justify; color: #005091; font-family: Calibri, sans-serif; font-size: 16pt; font-weight: bold;">Highlights</div>
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<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Profit of <font style="color: #000000;">$40.3 million</font>, or <font style="color: #000000;">$0.18</font> per share for the <font style="color: #000000;">third quarter</font> of <font style="color: #000000;">2025</font><font style="font-family: 'Times New Roman', serif;">.</font></div>
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<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Adjusted profit of <font style="color: #000000;">$42.5 million</font>, or <font style="color: #000000;">$0.19</font> per share for the <font style="color: #000000;">third quarter</font> of <font style="color: #000000;">2025</font><font style="font-family: 'Times New Roman', serif;">.</font></div>
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<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Declared a cash dividend <font style="color: #000000;">of $0.19 per share for the third quarter of 2025</font><font style="font-family: 'Times New Roman', serif; color: #000000;">.</font></div>
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<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;"><font style="color: #000000;">Reported revenues of $432.7 million for the third quarter</font> of <font style="color: #000000;">2025</font><font style="font-family: 'Times New Roman', serif;">.</font></div>
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<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Achieved average daily spot time charter equivalent earnings ("TCEs")<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup> for VLCCs, Suezmax tankers
and LR2/Aframax tankers in the <font style="color: #000000;">third quarter</font> of <font style="color: #000000;">$34,300</font>, <font style="color: #000000;">$35,100</font> and <font style="color: #000000;">$31,400</font> per day,
respectively.</div>
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<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Converted seven existing credit facilities with aggregate outstanding term loan balances of $405.5 million and undrawn revolving credit capacity of $87.8
million into revolving reducing credit facilities of up to $493.4 million in September 2025 and subsequently prepaid a total of $374.2 million in September, October and November of 2025 leading to a reduction in fleet average cash break
even rates of approximately $1,300 per day for the next 12 months<font style="font-family: 'Times New Roman', serif;">.</font></div>
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<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Sold its oldest Suezmax tanker, built in 2011, for a net sales price of $36.4 million and delivered the vessel to its new owner in September 2025. After
repayment of existing debt, the transaction generated net cash proceeds of approximately $23.7 million in the third quarter of 2025.</div>
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<div style="text-align: justify; color: #005091; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Lars H. Barstad, Chief Executive Officer of Frontline Management AS, commented:</div>
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<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">“The third quarter began in line with seasonal trends, with a typically subdued summer period. However, as the quarter progressed, freight markets strengthened –
most notably for VLCCs. The U.S. moved past peak refinery runs, while India increasingly reduced its intake of Russian feedstock, opening up the ton-mile intensive arbitrage between the Americas and Asia. Global oil demand remains resilient, and
the gradual reversal of OPEC+ production cuts is beginning to reflect in higher export volumes. Having navigated a modest third quarter, we are encouraged by the strong fundamentals and Frontline’s efficient, spot-focused fleet as we enter the
winter market with freight rates at multi-year highs.”</div>
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<div style="text-align: justify; color: #005091; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Inger M. Klemp, Chief Financial Officer of Frontline Management AS, added:</div>
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<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">“Converting term loan balances into revolving credit facilities enables us to efficiently manage our surplus cash through prepayment of debt, reduce our costs and
cash breakeven rates while keeping full flexibility by preserving substantial available and undrawn revolving capacity to support potential fleet growth. We continue to focus on maintaining our competitive cost structure, breakeven levels and solid
balance sheet to ensure that we are well positioned to generate significant cash flow and create value for our shareholders.”</div>
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<div style="font-family: Calibri, sans-serif;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">1</sup><font style="font-family: 'Times New Roman', serif;"> </font><font style="font-size: 9pt;">This press release describes Time Charter Equivalent
earnings and related per day amounts and spot TCE currently contracted, which are not measures prepared in accordance with IFRS (“non-GAAP”). See Appendix 1 for a full description of the measures and reconciliation to the nearest IFRS measure.</font></div>
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<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Average daily TCEs and estimated cash breakeven rates</div>
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<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">($ per day)</div>
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<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Spot TCE</div>
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<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Spot TCE  currently contracted</div>
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<td style="width: 12.43%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">% Covered</div>
</td>
<td style="width: 12.43%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Estimated average daily cash breakeven rates for the next 12 months</div>
</td>
</tr>
<tr>
<td style="width: 18.13%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">2025</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Q3 2025</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">Q2 2025</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">Q1 2025</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">2024</div>
</td>
<td style="width: 24.85%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0);" colspan="2">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">Q4 2025</div>
</td>
<td style="width: 12.43%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 18.13%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0);">
<div style="font-family: Calibri, sans-serif; font-size: 11pt;">VLCC</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">38,200</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">34,300</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">43,100</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">37,200</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">43,400</div>
</td>
<td style="width: 12.43%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">83,300</div>
</td>
<td style="vertical-align: top; width: 12.43%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">75%</div>
</td>
<td style="width: 12.43%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: Calibri, sans-serif;">26</font>,000</div>
</td>
</tr>
<tr>
<td style="width: 18.13%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0);">
<div style="font-family: Calibri, sans-serif; font-size: 11pt;">Suezmax</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">35,100</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">35,100</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">38,900</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">31,200</div>
</td>
<td style="vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">41,400</div>
</td>
<td style="width: 12.43%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">60,600</div>
</td>
<td style="vertical-align: top; width: 12.43%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">75%</div>
</td>
<td style="width: 12.43%; vertical-align: top; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">23,3<font style="font-family: 'Times New Roman', serif;">00</font></div>
</td>
</tr>
<tr>
<td style="width: 18.13%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="font-family: Calibri, sans-serif; font-size: 11pt;">LR2 / Aframax</div>
</td>
<td style="border-bottom: 2px solid; vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">27,900</div>
</td>
<td style="border-bottom: 2px solid; vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">31,400</div>
</td>
<td style="border-bottom: 2px solid; vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">29,300</div>
</td>
<td style="border-bottom: 2px solid; vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">22,300</div>
</td>
<td style="border-bottom: 2px solid; vertical-align: top; width: 8.92%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">42,300</div>
</td>
<td style="width: 12.43%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">42,200</div>
</td>
<td style="border-bottom: 2px solid; vertical-align: top; width: 12.43%;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">51%</div>
</td>
<td style="width: 12.43%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-size: 11pt;">23,6<font style="font-family: 'Times New Roman', serif;">00</font></div>
</td>
</tr>
</table>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">We expect the spot TCEs for the full <font style="color: #000000;">fourth quarter</font> of <font style="color: #000000;">2025</font> to be lower than the spot
TCEs currently contracted, due to the impact of ballast days during the <font style="color: #000000;">fourth quarter</font> of <font style="color: #000000;">2025</font>. See Appendix 1 for further details.</div>
<div><br>
</div>
<div><br>
</div>
<div style="color: #005091; font-family: Calibri, sans-serif; font-size: 16pt; font-weight: bold;">Third Quarter 2025 Results</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">The Company reported profit of <font style="color: #000000;">$40.3 million</font> for the <font style="color: #000000;">third quarter</font> ended <font style="color: #000000;">September 30, 2025</font>, compared with profit of <font style="color: #000000;">$77.5 million</font> in the previous quarter. The adjusted profit<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup> was <font style="color: #000000;">$42.5 million</font> for the <font style="color: #000000;">third quarter</font> of <font style="color: #000000;">2025</font> compared with adjusted profit of <font style="color: #000000;">$80.4 million</font> in the
previous quarter. The adjustments in the <font style="color: #000000;">third quarter</font> of <font style="color: #000000;">2025</font> consist of a <font style="color: #000000;">$6.0 million</font> gain on the sale of a vessel, <font style="color: #000000;">$5.7 million</font> synthetic option revaluation loss,<font style="color: #000000;"> $3.0 million</font> unrealized loss on derivatives, <font style="color: #000000;">$0.4 million</font> in dividends received, <font style="color: #000000;">$0.2 million</font> gain on marketable securities and <font style="color: #000000;">$0.1 million</font> share of losses of associated companies. The <font style="color: #000000;">decrease</font> in adjusted profit from
the previous quarter was primarily due to a <font style="color: #000000;">decrease</font> in our TCE earnings from <font style="color: #000000;">$283.0 million</font> in the previous quarter to <font style="color: #000000;">$248.2 million</font>
in the <font style="color: #000000;">third quarter</font><font style="font-family: 'Times New Roman', serif; font-size: 10pt;"> </font>as a result of lower TCE rates in addition to fluctuations in other income and expenses.</div>
<div><br>
</div>
<div><br>
</div>
<div style="text-align: justify; color: #005091; font-family: Calibri, sans-serif; font-size: 16pt; font-weight: bold;">Tanker Market Update</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">According to the Energy Information Administration (“EIA”), global oil consumption averaged 104.8 million barrels per day ("mbpd") in the third quarter of 2025, an
increase of 0.8 mbpd from the previous quarter and 1.4 mbpd higher than the same period last year. Asia and Oceania led global demand growth, with China and India together contributing a 0.6 mbpd increase in consumption year on year.</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Global oil supply accelerated in the third quarter of 2025, averaging 107.4 mbpd, an increase of 2.4 mbpd compared to the previous quarter and 4.3 mbpd higher
compared to the same period last year. According to the EIA<font style="font-family: 'Times New Roman', serif;">,</font> global inventories grew by an average of 2.6 mbpd during the third quarter.  Looking forward<font style="font-family: 'Times New Roman', serif;">,</font> supply is expected to continue to outpace demand by an average of 2.6 mbpd in the fourth quarter.</div>
<br>
<br>
<hr noshade="noshade" align="left" style="background-color: #000000; border: 0px; height: 1px; width: 2in; margin-left: 0pt; margin-right: auto; color: #000000;">
<div style="font-family: Calibri, sans-serif;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">2</sup><font style="font-family: 'Times New Roman', serif;"> </font>This press release describes adjusted profit and related per share amounts, which
are not measures prepared in accordance with IFRS (“non-GAAP”). See Appendix 1 for a reconciliation to the nearest IFRS measure.</div>
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<div style="text-align: center;"><img src="image00003.jpg"> </div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Sanctions enforcement, shifting trade patterns, and OPEC+ production policy have remained key drivers of fleet utilization and earnings. The third quarter marked the
sharpest quarterly increase in global oil supply since 2003 with most of the incremental supply growth coming from non-OPEC producers notably Brazil and the United States, driving higher VLCC utilization and longer trade distances. Sanction
enforcement has intensified, with the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) targeting central entities linked to Russian and Iranian oil flows, including Lukoil and Rosneft, which together account for more than
50% of Russia’s oil output and seaborn exports.  The measures are likely to disrupt well<font style="font-family: 'Times New Roman', serif;">-</font>established trading routes and increase demand for compliant barrels, lending further support to
the compliant fleet. Early signs indicate that India will follow suit, with refiners reportedly boosting purchases of non-sanctioned crude, prompting a positive realignment in global trade patterns. These recent events seem to have turned the tide
for compliant tanker demand with “crude on water” now exceeding the record levels seen in 2020, with the majority of the oil originating west of Suez. The buildup reflects stronger export volumes, longer voyage distances, and growing logistical
inefficiencies rather than storage demand. This dynamic has particularly benefited the VLCC segment, where earnings have reached multi<font style="font-family: 'Times New Roman', serif;">-</font>year highs. The combination of expanding supply,
longer hauls, and tighter compliance continues to underpin strong fundamentals for the crude tanker market heading into year-end.</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">The overall tanker order book for the asset classes that Frontline owns is now 20.3% of the existing global fleet, with 135, 111, and 162 vessels on order for VLCCs,
Suezmax tankers and LR2 tankers, respectively. According to industry sources, three VLCCs are expected to be delivered in the remainder of 2025. The growth in the order books is predominantly for deliveries scheduled in 2026 and 2027. We continue
to observe the aging of the tanker fleet. According to industry sources, 17.4% of the VLCC fleet, 20.3% of the Suezmax tanker fleet and 20.5% of the combined LR2 and Aframax tanker fleet are now above 20 years of age. However, for a product
carrying vessel the 15-year age mark is an equally important benchmark with 32.2% of the LR2 tanker fleet currently above this threshold. The average age of the global crude tanker fleet is now 14.1 years, a level not seen since 2000, which is
surprising considering the regulatory framework the industry faces in respect of reducing greenhouse gas emissions.</div>
<div><br>
</div>
<div><br>
</div>
<div style="text-align: justify; color: #005091; font-family: Calibri, sans-serif; font-size: 16pt; font-weight: bold;">The Fleet</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">As of <font style="color: #000000;">September 30, 2025</font>, our fleet consisted of 80 vessels owned by the Company (41 VLCCs, 21 Suezmax tankers, 18 LR2/Aframax
tankers), with an aggregate capacity of approximately 17.6 million DWT. As of <font style="color: #000000;">September 30, 2025</font>, all of the Company's vessels were ECO vessels<sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup> and <font style="color: #000000;">45 were scrubber-fitted vessels</font> with an average age of 7.2 years, making it one of the youngest and most energy-efficient fleets in the industry.</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">As of <font style="color: #000000;">September 30, 2025</font>, three of the Company’s vessels (one VLCC, one Suezmax tanker, one LR2/Aframax tanker) were on time
charter-out contracts with initial periods in excess of 12 months. The time charter-out contract for the LR2/Aframax tanker is expected to end in the third quarter of 2026, whereas the initial periods for the Suezmax tanker and the VLCC
time-charters end in the second and third quarter of 2027, respectively.</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">In August 2025, the Company entered into an agreement to sell its oldest Suezmax tanker, built in 2011, for a net sale price of $36.4 million. The vessel was
delivered to the new owner in September 2025. After repayment of existing debt on the vessel, the transaction generated net cash proceeds of approximately $23.7 million, and the Company recorded a gain of $5.9 million in the third quarter of 2025.</div>
<div><br>
</div>
<div><br>
</div>
<br>
<br>
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<div style="text-align: justify; font-family: Calibri, sans-serif;"><sup style="font-family: 'Times New Roman', serif; vertical-align: text-top; line-height: 1; font-size: smaller;">3</sup> The Company defines an ECO vessel as a vessel with certain specifications that improve fuel consumption performance as
compared to the previous generation of vessels. Typically built from 2015 onwards, ECO vessels have improved hull and engine designs to maximize operational performance according to today’s operational profiles. The Company also designates vessels
as ECO if they have undergone retrofits such as de-rating to improve specific fuel consumption at today’s market speeds, installing propulsion improvement devices, or upgrading engine and equipment to bring the consumption performance of older
vessels into line with those constructed from 2015 onwards. All ECO-vessels meet EEXI certification requirements.</div>
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</div>
<div style="text-align: center;"><img src="image00003.jpg"> </div>
<div><br>
</div>
<div style="text-align: justify; color: #005091; font-family: Calibri, sans-serif; font-size: 16pt; font-weight: bold;">Corporate Update</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">The Board of Directors declared a dividend of $0.19 per share for the <font style="color: #000000;">third quarter</font> of <font style="color: #000000;">2025</font>.
The record date for the dividend will be December 12, 2025, the ex-dividend date is expected to be December 12, 2025, for shares listed on the New York Stock Exchange and December 11, 2025, for shares listed on the Oslo Stock Exchange, and the
dividend is scheduled to be paid on or about December 19, 2025.</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">The Company had <font style="color: #000000;">222,622,889</font> ordinary shares outstanding as of <font style="color: #000000;">September 30, 2025</font>. The
weighted average number of shares outstanding for the purpose of calculating basic and diluted earnings per share for the <font style="color: #000000;">third quarter</font> of <font style="color: #000000;">2025</font> was <font style="color: #000000;">222,622,889</font><font style="font-family: 'Times New Roman', serif;">.</font></div>
<div><br>
</div>
<div><br>
</div>
<div style="color: #005091; font-family: Calibri, sans-serif; font-size: 16pt; font-weight: bold;">Financing Update</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">In September 2025, the Company entered into amendment agreements with some of our relationship banks to convert seven of our existing term loan facilities for eight
VLCCs and one Suezmax tanker into revolving reducing credit facilities. Prior to the amendments, $405.5 million was outstanding under the seven term loan facilities and three of the facilities had total undrawn revolving credit capacity of $87.8
million. The new agreements provide initial revolving reducing credit capacity of up to $493.4 million, maturing at the original dates of the term loan facilities, with capacity reduced on a quarterly basis by approximately $10.1 million. Under the
terms of the facilities, the Company can repay drawn amounts and draw repaid amounts at any time and elected to prepay $264.6 million in September<font style="font-family: 'Times New Roman', serif;">,</font> $45.1 million in October and $64.5
million in November of 2025. By entering into the revolving reducing credit facilities and prepaying $374.2 million of the drawn amounts the Company has reduced its mandatory quarterly debt repayments by approximately $8.1 million and reduced
future interest expense, leading to a reduction in fleet average cash break even rates of approximately $1,300 per day for the next 12 months. Reducing revolving credit capacity of up to $352.4 million under these facilities remained available and
undrawn as of September 30, 2025.</div>
<div><br>
</div>
<div><br>
</div>
<div><br>
</div>
<div style="color: #005091; font-family: Calibri, sans-serif; font-size: 16pt; font-weight: bold;">Conference Call and Webcast</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">On November 21, 2025, at 9:00 A.M. ET (3:00 P.M. CET), the Company's management will host a conference call to discuss the results.</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Presentation materials and a webcast of the conference call may be accessed on the Company’s website, www.frontlineplc.cy, under the ‘Webcast’ link. The link can
also be accessed here.</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Telephone conference:</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Participants are required to register in advance of the conference using the link provided below. Upon registering, each participant will be provided with
Participant Dial In Numbers, and a unique Personal PIN.</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">In the 10 minutes prior to call start time, participants will need to use the conference access information provided in the e-mail received at the point of
registering. Participants may also use the call me feature instead of dialing the nearest dial in number.</div>
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</div>
<div style="text-align: center;"><img src="image00003.jpg"> </div>
<div><br>
</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Online Registration to the call may be accessed via the following link:</div>
<div style="text-align: justify; color: #0000FF; font-family: Calibri, sans-serif; font-size: 11pt;">Online registration</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">A replay of the conference call will be available following the live call. Please use the link below to access the webcast:</div>
<div style="text-align: justify; color: #0000FF; font-family: Calibri, sans-serif; font-size: 11pt;">Replay of conference call</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">None of the information contained in or that forms a part of the Company’s conference calls, website or audio webcasts is incorporated into or forms part of this
release.</div>
<div><br>
</div>
<div><br>
</div>
<div style="text-align: justify; color: #005091; font-family: Calibri, sans-serif; font-size: 16pt; font-weight: bold;">Forward-Looking Statements</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Matters discussed in this report may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for
forward-looking statements, which include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Frontline plc and its subsidiaries, or the Company, desire to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995
and is including this cautionary statement in connection with this safe harbor legislation. This report and any other written or oral statements made by us or on our behalf may include forward-looking statements, which reflect our current views
with respect to future events and financial performance and are not intended to give any assurance as to future results. When used in this document, the words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan,"
"potential," "will," "may," "should," "expect" and similar expressions, terms or phrases may identify forward-looking statements.</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">The forward-looking statements in this report are based upon various assumptions, including without limitation, management's examination of historical operating
trends, data contained in our records and data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which
are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statements, whether as a
result of new information, future events or otherwise.</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">In addition to these important factors and matters discussed elsewhere herein, important factors that, in our view, could cause actual results to differ materially
from those discussed in the forward-looking statements include:</div>
<div><br>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="zdeb778f6b3bd4cbda7554f84a561d39e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">the strength of world economies;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z1a1e17a9abe54cb8a6c44d35e1b7536a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">fluctuations in currencies and interest rates, including inflationary pressures and central bank policies intended to combat overall inflation and high
interest rates and foreign exchange rates;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z1d0bd2209f204412a86fa594e1844de4" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">the impact that any discontinuance, modification or other reform or the establishment of alternative reference rates have on the Company’s floating
interest rate debt instruments;</div>
</td>
</tr>
</table>
</div>
<div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
<div class="BRPFPageBreak" style="page-break-after: always;">
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</div>
<div style="text-align: center;"><img src="image00003.jpg"> </div>
<div><br>
</div>
<div><br>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z30656dc2870f43dfa9681df540845312" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">general market conditions, including fluctuations in charter hire rates and vessel values;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z5491fc603a234cdd93b05c1e0a7462ef" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">changes in the supply and demand for vessels comparable to ours and the number of newbuildings under construction;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z4ef716eaca90433ca269ff76eefe11d8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">the highly cyclical nature of the industry that we operate in;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z7f64ce41195a4ef9801c1557c1c967fa" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">the loss of a large customer or significant business relationship;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z4bf8638eedd14cab95ef9b8fcf5c86a0" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">changes in worldwide oil production and consumption and storage;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="zf5a224ffba174e93a25006ce5ec1432c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">changes in the Company's operating expenses, including bunker prices, dry docking, crew costs and insurance costs;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z3d35e1fad1b1430c9eb2e9498cea169c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">planned, pending or recent acquisitions, business strategy and expected capital spending or operating expenses, including dry docking, surveys and
upgrades;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z4839f3043e36436fbd4a18613c78c25f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">risks associated with any future vessel construction;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z534c53a280cc43a1b905c6ad1ce2e224" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">our expectations regarding the availability of vessel acquisitions and our ability to complete vessel acquisition transactions as planned;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="zcd45fa6461344f18aa772510c322fc89" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">our ability to successfully compete for and enter into new time charters or other employment arrangements for our existing vessels after our current time
charters expire and our ability to earn income in the spot market;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z62f73eb0fc07431ca3110cc0c39f68a8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">availability of financing and refinancing, our ability to obtain financing and comply with the restrictions and other covenants in our financing
arrangements;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z15f11480b7104d8e86b6f6db471d0476" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">availability of skilled crew members and other employees and the related labor costs;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z7652b4ade45f436fb54b9c7c1a5ede7a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">work stoppages or other labor disruptions by our employees or the employees of other companies in related industries;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="zf4b1e0fd4b7a40da90dc7b3d3ee5eeb9" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">compliance with governmental, tax, environmental and safety regulation, any non-compliance with U.S. or European Union regulations;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z89e634164fa847bbbf432f31c0d17173" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">the impact of increasing scrutiny and changing expectations from investors, lenders and other market participants with respect to our Environmental, Social
and Governance policies;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z187111a7d7dc409ea4f3778285a0b9be" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Foreign Corrupt Practices Act of 1977 or other applicable regulations relating to bribery;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="zb7362ad496fd4648b5a885d46d9abe2a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">general economic conditions and conditions in the oil industry;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z68df23baa2214386a153e6d8fba7a9ab" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">effects of new products and new technology in our industry, including the potential for technological innovation to reduce the value of our vessels and
charter income derived therefrom;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z0f21568e690644519b5ecc123046ddd3" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">new environmental regulations and restrictions, whether at a global level stipulated by the International Maritime Organization, and/or imposed by regional
or national authorities such as the European Union or individual countries;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="zedeb81684c98486d9b27ff17e84e648e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">vessel breakdowns and instances of off-hire;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z2f4925109bd64123a10782323448eb3a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">the impact of an interruption in or failure of our information technology and communications systems, including the impact of cyber-attacks upon our
ability to operate;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="zc0a09e1441b74b168f9e7a0e403d733a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 12pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">risks associated with potential cybersecurity or other privacy threats and data security breaches;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z3f075cb73fb24067959bedf23282f67f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">potential conflicts of interest involving members of our Board of Directors and senior management;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z88d23da560cc4408a537431fb7868525" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">the failure of counter parties to fully perform their contracts with us;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="zbef632bee5ee4a4b80e4ef4be4a6b5be" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">changes in credit risk with respect to our counterparties on contracts;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z02d7b334a74445e5a60dda7d4d3b8198" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">our dependence on key personnel and our ability to attract, retain and motivate key employees;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z5bc0acf4d97c433e919be87d7ce9f2b4" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">adequacy of insurance coverage;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z74649ef8be7e4d9798eb9279335fd46a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">our ability to obtain indemnities from customers;</div>
</td>
</tr>
</table>
</div>
<div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
<div class="BRPFPageBreak" style="page-break-after: always;">
<hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
</div>
<div style="text-align: center;"><img src="image00003.jpg"> </div>
<div><br>
</div>
<div><br>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z43f878b9d596471cb649044bc75526b7" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">changes in laws, treaties or regulations;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z4c87f5754222480f835fe3cec6c3ec04" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">the volatility of the price of our ordinary shares;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z5575087584794d88894ac6cceb58622a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">our incorporation under the laws of Cyprus and the different rights to relief that may be available compared to other countries, including the United
States;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z9a7a943db0f546b2bb83db3f3f4ff961" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">changes in governmental rules and regulations or actions taken by regulatory authorities;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z27fc8eb8004146dda41f784c31441bc8" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">government requisition of our vessels during a period of war or emergency;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="zd018db6d359f4ad3b8e9c971f1a0ce5a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">potential liability from pending or future litigation and potential costs due to environmental damage and vessel collisions;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z1ecadc353dcf4d37a72c2c3fcf70f660" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">the arrest of our vessels by maritime claimants;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="zeeb0044d00244d979db88399a2406c90" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">general domestic and international political conditions or events, including “trade wars”;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z210b4d01beb94c46802431abae5987cf" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">any further changes in U.S. trade policy that could trigger retaliatory actions by the affected countries;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="zb088da06680442368af80a98ab8eb45b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">potential disruption of shipping routes due to accidents, environmental factors, political events, public health threats, international sanctions and
international hostilities including the war between Russia and Ukraine and developments in the Middle East, including vessel attacks in the Red Sea and Gulf of Aden and Israel-Iran conflict, acts by terrorists or acts of piracy on
ocean-going vessels;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z0fefd5febe504d7c989e9dd833bba6db" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">the impact of restriction on trade, including the imposition of tariffs, port fees and other import restrictions by the United States on its trading
partners and the imposition of retaliatory tariffs by China and the EU on the United States, and potential further protectionist measures and/or further retaliatory actions by others, including the imposition of tariffs or penalties on
vessels calling in key export and import ports such as the United States, EU and/or China;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z1959a2613983471e8f875996a0226b06" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">the length and severity of epidemics and pandemics and their impact on the demand for seaborne transportation of crude oil and refined products;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="ze5aa6d74f94b4510993f6629ac45d46f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">the impact of port or canal congestion;</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z5b7eab7acf5c4485aaf2d124fca15c44" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">business disruptions due to adverse weather, natural disasters or other disasters outside our control; and</div>
</td>
</tr>
</table>
</div>
<div>
<table cellspacing="0" cellpadding="0" id="z3bb726fa4ba94d3685dc730b05803209" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36pt; vertical-align: top; text-align: right;">
<div style="text-align: left; margin-left: 18pt; font-family: Calibri, sans-serif; font-size: 11pt;">•</div>
</td>
<td style="width: auto; vertical-align: top;">
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission.</div>
</td>
</tr>
</table>
</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">We caution readers of this report not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking
statements are no guarantee of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements.</div>
<div><br>
</div>
<div><br>
</div>
<div><br>
</div>
<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt;">The Board of Directors</div>
<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt;">Frontline plc</div>
<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt;">Limassol, Cyprus</div>
<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt;">November 20, 2025</div>
<div><br>
</div>
<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt;">Ola Lorentzon - Chairman and Director</div>
<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt;">John Fredriksen - Director</div>
<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt;">James O'Shaughnessy - Director</div>
<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt;">Steen Jakobsen - Director</div>
<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt;">Cato Stonex - Director</div>
<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt;">Ørjan Svanevik - Director</div>
<div style="text-align: center; font-family: Calibri, sans-serif; font-size: 11pt;">Dr. Maria Papakokkinou - Director</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Questions should be directed to:</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Lars H. Barstad: Chief Executive Officer, Frontline Management AS</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">+47 23 11 40 00</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Inger M. Klemp: Chief Financial Officer, Frontline Management AS</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">+47 23 11 40 00</div>
<div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
<div class="BRPFPageBreak" style="page-break-after: always;">
<hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
</div>
<div><br>
</div>
<div style="text-align: center;"><br>
</div>
<div><br>
</div>
<div><br>
</div>
<div style="text-align: center;"><img height="225" width="683" src="image2.jpg"></div>
<div><br>
</div>
<div><br>
</div>
<div><br>
</div>
<div><br>
</div>
<div style="text-align: center; color: #005091; font-family: Calibri, sans-serif; font-size: 18pt; font-weight: bold;">INTERIM FINANCIAL INFORMATION</div>
<div><br>
</div>
<div style="text-align: center; color: #005091; font-family: Calibri, sans-serif; font-size: 14pt; font-weight: bold;">THIRD QUARTER 2025</div>
<div><br>
</div>
<div style="color: #005091; font-family: Calibri, sans-serif; font-size: 16pt; font-weight: bold;">Index</div>
<div><br>
</div>
<div style="color: #005091; font-family: Calibri, sans-serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS (UNAUDITED)</div>
<div><br>
</div>
<div style="color: #005091; font-family: Calibri, sans-serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)</div>
<div><br>
</div>
<div style="color: #005091; font-family: Calibri, sans-serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED)</div>
<div><br>
</div>
<div style="color: #005091; font-family: Calibri, sans-serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)</div>
<div><br>
</div>
<div style="color: #005091; font-family: Calibri, sans-serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED)</div>
<div><br>
</div>
<div><br>
</div>
<div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
<div class="BRPFPageBreak" style="page-break-after: always;">
<hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
</div>
<div style="text-align: center;"><img src="image00003.jpg"></div>
<div><br>
</div>
<div style="margin-bottom: 5pt; color: #005091; font-family: Calibri, sans-serif; font-weight: bold;">FRONTLINE PLC CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</div>
<table cellspacing="0" cellpadding="0" id="ze05409cdfb1d4a75ae7b8b8d0cad1220" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 11.26%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2024</div>
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jul-Sep</div>
</td>
<td style="width: 11.26%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2025</div>
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jul-Sep</div>
</td>
<td style="width: 43.71%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="font-family: Calibri, sans-serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS</div>
<div style="font-family: Calibri, sans-serif; font-style: italic;">(in thousands of $, except per share data)</div>
</td>
<td style="width: 11.26%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2025</div>
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jan-Sep</div>
</td>
<td style="width: 11.26%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2024</div>
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jan-Sep</div>
</td>
<td style="width: 11.26%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2024</div>
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jan-Dec</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">490,318</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">432,654</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Revenues</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 10.95pt; color: #000000; font-family: Calibri, sans-serif;">1,340,597</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 10.95pt; color: #000000; font-family: Calibri, sans-serif;">1,624,741</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 10.95pt; color: #000000; font-family: Calibri, sans-serif;">2,050,385</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 41.2pt; color: #000000; font-family: Calibri, sans-serif;">45</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.6pt; color: #000000; font-family: Calibri, sans-serif;">5,977</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; color: #000000; font-family: Calibri, sans-serif;">Other operating income</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.6pt; color: #000000; font-family: Calibri, sans-serif;">6,069</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">94,274</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">112,121</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">490,363</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">438,631</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Total revenues and other operating income</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 10.75pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">1,346,666</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 10.75pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">1,719,015</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 10.75pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2,162,506</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">194,985</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">181,595</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Voyage expenses and commission</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">556,164</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">599,968</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">773,434</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">59,446</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">62,905</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Ship operating expenses</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">183,030</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">176,791</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">232,243</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.6pt; color: #000000; font-family: Calibri, sans-serif;">6,965</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">15,334</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Administrative expenses</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">40,199</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">34,377</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">36,086</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">84,156</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">82,830</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Depreciation</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">246,261</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">255,882</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">339,030</div>
</td>
</tr>
<tr>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.26%;">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">345,552</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.26%;">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">342,664</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 43.71%;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Total operating expenses</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.26%;">
<div style="text-align: right; text-indent: 10.75pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">1,025,654</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.26%;">
<div style="text-align: right; text-indent: 10.75pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">1,067,018</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-right: 2px solid; border-top: 2px solid #000000; vertical-align: bottom; width: 11.26%;">
<div style="text-align: right; text-indent: 10.75pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">1,380,793</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">144,811</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">95,967</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Net operating income</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">321,012</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">651,997</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">781,713</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.6pt; color: #000000; font-family: Calibri, sans-serif;">5,054</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.6pt; color: #000000; font-family: Calibri, sans-serif;">4,124</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Finance income</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">13,367</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">12,928</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">17,098</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 19.5pt; color: #000000; font-family: Calibri, sans-serif;">(82,439)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 19.5pt; color: #000000; font-family: Calibri, sans-serif;">(59,034)</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Finance expense</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.45pt; color: #000000; font-family: Calibri, sans-serif;">(182,222)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.45pt; color: #000000; font-family: Calibri, sans-serif;">(227,195)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.45pt; color: #000000; font-family: Calibri, sans-serif;">(295,088)</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(2,817)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 36.15pt; color: #000000; font-family: Calibri, sans-serif;">235</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Gain (loss) on marketable securities</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(1,444)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(2,002)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(3,405)</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 41.2pt; color: #000000; font-family: Calibri, sans-serif;">42</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 36.15pt; color: #000000; font-family: Calibri, sans-serif;">(70)</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Share of results of associated companies</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.6pt; color: #000000; font-family: Calibri, sans-serif;">1,047</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 32.1pt; color: #000000; font-family: Calibri, sans-serif;">(878)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 32.1pt; color: #000000; font-family: Calibri, sans-serif;">(599)</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 36.15pt; color: #000000; font-family: Calibri, sans-serif;">602</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 36.15pt; color: #000000; font-family: Calibri, sans-serif;">415</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Dividends received</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.6pt; color: #000000; font-family: Calibri, sans-serif;">4,230</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.6pt; color: #000000; font-family: Calibri, sans-serif;">1,885</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.6pt; color: #000000; font-family: Calibri, sans-serif;">3,535</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">65,253</div>
</td>
<td style="width: 11.26%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">41,637</div>
</td>
<td style="width: 43.71%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Profit before income taxes</div>
</td>
<td style="width: 11.26%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">155,990</div>
</td>
<td style="width: 11.26%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">436,735</div>
</td>
<td style="width: 11.26%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">503,254</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(4,796)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(1,318)</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Income tax expense</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(4,841)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(7,885)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(7,671)</div>
</td>
</tr>
<tr>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.26%;">
<div style="text-align: right; text-indent: 23.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">60,457</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.26%;">
<div style="text-align: right; text-indent: 23.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">40,319</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 43.71%;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Profit for the period</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.26%;">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">151,149</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.26%;">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">428,850</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-right: 2px solid; border-top: 2px solid #000000; vertical-align: bottom; width: 11.26%;">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">495,583</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif;">$0.27</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif;">$0.18</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Basic and diluted earnings per share</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif;">$0.68</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif;">$1.93</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif;">$2.23</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom;"> </td>
<td style="width: 11.26%; vertical-align: bottom;"> </td>
<td style="width: 43.71%; vertical-align: bottom;"> </td>
<td style="width: 11.26%; vertical-align: bottom;"> </td>
<td style="width: 11.26%; vertical-align: bottom;"> </td>
<td style="width: 11.26%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 43.71%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2024</div>
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jul-Sep</div>
</td>
<td style="width: 11.26%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2025</div>
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jul-Sep</div>
</td>
<td style="width: 43.71%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="font-family: Calibri, sans-serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF</div>
<div style="font-family: Calibri, sans-serif; font-weight: bold;"> COMPREHENSIVE INCOME</div>
<div style="font-family: Calibri, sans-serif; font-style: italic;">(in thousands of $)</div>
</td>
<td style="width: 11.26%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2025</div>
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jan-Sep</div>
</td>
<td style="width: 11.26%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2024</div>
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jan-Sep</div>
</td>
<td style="width: 11.26%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2024</div>
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jan-Dec</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">60,457</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">40,319</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Profit for the period</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">151,149</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">428,850</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">495,583</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 43.71%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-style: italic;">Items that may be reclassified to profit or loss:</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.26%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 32.1pt; color: #000000; font-family: Calibri, sans-serif;">(251)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(1,179)</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Foreign currency translation gain (loss)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(1,373)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 36.15pt; color: #000000; font-family: Calibri, sans-serif;">195</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.6pt; color: #000000; font-family: Calibri, sans-serif;">1,367</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 32.1pt; color: #000000; font-family: Calibri, sans-serif;">(251)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(1,179)</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Other comprehensive income (loss)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(1,373)</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 36.15pt; color: #000000; font-family: Calibri, sans-serif;">195</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.6pt; color: #000000; font-family: Calibri, sans-serif;">1,367</div>
</td>
</tr>
<tr>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">60,206</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">39,140</div>
</td>
<td style="width: 43.71%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Comprehensive income</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">149,776</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">429,045</div>
</td>
<td style="width: 11.26%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">496,950</div>
</td>
</tr>
</table>
<div><br>
</div>
<br>
<div><br>
</div>
<div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
<div class="BRPFPageBreak" style="page-break-after: always;">
<hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
</div>
<div style="text-align: center;"><img src="image00003.jpg"> </div>
<div style="margin-bottom: 5pt;"><br>
</div>
<div style="margin-bottom: 5pt; color: #005091; font-family: Calibri, sans-serif; font-weight: bold;"> FRONTLINE PLC CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</div>
<table cellspacing="0" cellpadding="0" id="z76b2d117fad64ebda6e70ca317e90120" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 73.39%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="font-family: Calibri, sans-serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION</div>
<div style="font-family: Calibri, sans-serif; font-style: italic;">(in thousands of $)</div>
</td>
<td style="width: 13.3%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Sep 30</div>
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2025</div>
</td>
<td style="width: 13.3%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Dec 31</div>
<div style="text-align: right; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2024</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">ASSETS</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Current assets</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Cash and cash equivalents</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 29pt; color: #000000; font-family: Calibri, sans-serif;">189,427</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 29pt; color: #000000; font-family: Calibri, sans-serif;">413,532</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Marketable securities</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 39.1pt; color: #000000; font-family: Calibri, sans-serif;">2,223</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 39.1pt; color: #000000; font-family: Calibri, sans-serif;">4,027</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Other current assets</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 29pt; color: #000000; font-family: Calibri, sans-serif;">408,257</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 29pt; color: #000000; font-family: Calibri, sans-serif;">408,454</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Total current assets</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.9pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">599,907</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.9pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">826,013</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Non-current assets</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Vessels and equipment</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.45pt; color: #000000; font-family: Calibri, sans-serif;">4,978,460</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.45pt; color: #000000; font-family: Calibri, sans-serif;">5,246,697</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Goodwill</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 29pt; color: #000000; font-family: Calibri, sans-serif;">112,452</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 29pt; color: #000000; font-family: Calibri, sans-serif;">112,452</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Investment in associated company</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 39.1pt; color: #000000; font-family: Calibri, sans-serif;">8,778</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 34.05pt; color: #000000; font-family: Calibri, sans-serif;">11,788</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Other non-current assets</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 34.05pt; color: #000000; font-family: Calibri, sans-serif;">10,835</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 34.05pt; color: #000000; font-family: Calibri, sans-serif;">23,857</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Total non-current assets</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.25pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">5,110,525</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.25pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">5,394,794</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Total assets</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.25pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">5,710,432</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.25pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">6,220,807</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">LIABILITIES AND EQUITY</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Current liabilities</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Short-term debt and current portion of long-term debt</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 29pt; color: #000000; font-family: Calibri, sans-serif;">293,561</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 29pt; color: #000000; font-family: Calibri, sans-serif;">460,318</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Other current payables</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 29pt; color: #000000; font-family: Calibri, sans-serif;">144,734</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 29pt; color: #000000; font-family: Calibri, sans-serif;">135,335</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Total current liabilities</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.9pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">438,295</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 28.9pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">595,653</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Non-current liabilities</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Long-term debt</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.45pt; color: #000000; font-family: Calibri, sans-serif;">2,946,162</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.45pt; color: #000000; font-family: Calibri, sans-serif;">3,284,070</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Other non-current payables</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 46.65pt; color: #000000; font-family: Calibri, sans-serif;">759</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 46.65pt; color: #000000; font-family: Calibri, sans-serif;">903</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Total non-current liabilities</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.25pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2,946,921</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.25pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">3,284,973</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Equity</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Frontline plc equity</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.45pt; color: #000000; font-family: Calibri, sans-serif;">2,325,688</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.45pt; color: #000000; font-family: Calibri, sans-serif;">2,340,653</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Non-controlling interest</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 42.6pt; color: #000000; font-family: Calibri, sans-serif;">(472)</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 42.6pt; color: #000000; font-family: Calibri, sans-serif;">(472)</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Total equity</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.25pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2,325,216</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.25pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2,340,181</div>
</td>
</tr>
<tr>
<td style="width: 73.39%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Total liabilities and equity</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.25pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">5,710,432</div>
</td>
<td style="width: 13.3%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 21.25pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">6,220,807</div>
</td>
</tr>
</table>
<div style="margin-top: 5pt; text-align: center;"><br>
</div>
<div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
<div class="BRPFPageBreak" style="page-break-after: always;">
<hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
</div>
<div style="text-align: center;"><img src="image00003.jpg"></div>
<div><br>
</div>
<div style="color: #005091; font-family: Calibri, sans-serif; font-weight: bold;">FRONTLINE PLC CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</div>
<div style="color: #005091; font-family: Calibri, sans-serif; font-weight: bold;"> <br>
</div>
<table cellspacing="0" cellpadding="0" id="z597cf63b7bed452a834120d749440eb0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2024</div>
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jul-Sep</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2025</div>
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jul-Sep</div>
</td>
<td style="width: 43.13%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="font-family: Calibri, sans-serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</div>
<div style="font-family: Calibri, sans-serif; font-style: italic; font-weight: bold;">(in thousands of $)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2025</div>
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jan-Sep</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2024</div>
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jan-Sep</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2024</div>
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jan-Dec</div>
</td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 43.13%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">OPERATING ACTIVITIES</div>
</td>
<td style="width: 11.37%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">164,553</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">107,633</div>
</td>
<td style="width: 43.13%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Net cash provided by operating activities</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">399,107</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">568,564</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">736,412</div>
</td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 43.13%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 43.13%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">INVESTING ACTIVITIES</div>
</td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(2,434)</div>
</td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(3,236)</div>
</td>
<td style="width: 43.13%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Additions to newbuildings, vessels and equipment</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.55pt; color: #000000; font-family: Calibri, sans-serif;">(5,638)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.45pt; color: #000000; font-family: Calibri, sans-serif;">(910,927)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.45pt; color: #000000; font-family: Calibri, sans-serif;">(915,248)</div>
</td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 42.3pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">37,150</div>
</td>
<td style="width: 43.13%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Proceeds from sale of vessels</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.55pt; color: #000000; font-family: Calibri, sans-serif;">37,150</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">382,350</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">431,850</div>
</td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 42.3pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 42.3pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 43.13%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Proceeds from sale of marketable securities</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 36.15pt; color: #000000; font-family: Calibri, sans-serif;">361</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 42.3pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 42.3pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 24.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(2,434)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">33,914</div>
</td>
<td style="width: 43.13%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Net cash provided by (used in) investing activities</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">31,873</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.3pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(528,577)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.3pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(483,398)</div>
</td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 43.13%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 43.13%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">FINANCING ACTIVITIES</div>
</td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.5pt; color: #000000; font-family: Calibri, sans-serif;">300,199</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 42.3pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 43.13%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Proceeds from issuance of debt</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 10.95pt; color: #000000; font-family: Calibri, sans-serif;">1,433,715</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 10.95pt; color: #000000; font-family: Calibri, sans-serif;">1,655,236</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 10.95pt; color: #000000; font-family: Calibri, sans-serif;">2,167,296</div>
</td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.45pt; color: #000000; font-family: Calibri, sans-serif;">(362,401)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.45pt; color: #000000; font-family: Calibri, sans-serif;">(348,558)</div>
</td>
<td style="width: 43.13%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Repayment of debt</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 6.9pt; color: #000000; font-family: Calibri, sans-serif;">(1,923,647)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 6.9pt; color: #000000; font-family: Calibri, sans-serif;">(1,323,533)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 6.9pt; color: #000000; font-family: Calibri, sans-serif;">(1,880,055)</div>
</td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 32.1pt; color: #000000; font-family: Calibri, sans-serif;">(242)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 32.1pt; color: #000000; font-family: Calibri, sans-serif;">(135)</div>
</td>
<td style="width: 43.13%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Repayment of obligations under leases</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 32.1pt; color: #000000; font-family: Calibri, sans-serif;">(412)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 32.1pt; color: #000000; font-family: Calibri, sans-serif;">(704)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 32.1pt; color: #000000; font-family: Calibri, sans-serif;">(930)</div>
</td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.45pt; color: #000000; font-family: Calibri, sans-serif;">(138,026)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 19.5pt; color: #000000; font-family: Calibri, sans-serif;">(80,144)</div>
</td>
<td style="width: 43.13%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Dividends paid</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.45pt; color: #000000; font-family: Calibri, sans-serif;">(164,741)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.45pt; color: #000000; font-family: Calibri, sans-serif;">(358,423)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.45pt; color: #000000; font-family: Calibri, sans-serif;">(434,115)</div>
</td>
</tr>
<tr>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: middle; width: 11.37%;">
<div style="text-align: right; text-indent: 14.3pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(200,470)</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: middle; width: 11.37%;">
<div style="text-align: right; text-indent: 14.3pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(428,837)</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: middle; width: 43.13%;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Net cash used in financing activities</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: middle; width: 11.37%;">
<div style="text-align: right; text-indent: 14.3pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(655,085)</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: middle; width: 11.37%;">
<div style="text-align: right; text-indent: 19.35pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(27,424)</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-right: 2px solid; border-top: 2px solid #000000; vertical-align: middle; width: 11.37%;">
<div style="text-align: right; text-indent: 14.3pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(147,804)</div>
</td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 43.13%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 19.35pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(38,351)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.3pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(287,290)</div>
</td>
<td style="width: 43.13%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Net change in cash and cash equivalents</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 14.3pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(224,105)</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 23.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">12,563</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">105,210</div>
</td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">359,236</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">476,717</div>
</td>
<td style="width: 43.13%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Cash and cash equivalents at start of period</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">413,532</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">308,322</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">308,322</div>
</td>
</tr>
<tr>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">320,885</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">189,427</div>
</td>
<td style="width: 43.13%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Cash and cash equivalents at end of period</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">189,427</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">320,885</div>
</td>
<td style="width: 11.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 18.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">413,532</div>
</td>
</tr>
</table>
<div><br>
</div>
<div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
<div class="BRPFPageBreak" style="page-break-after: always;">
<hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
</div>
<div style="text-align: center;"><img src="image00003.jpg"> </div>
<div><br>
</div>
<div style="margin-bottom: 5pt; color: #005091; font-family: Calibri, sans-serif; font-weight: bold;">FRONTLINE PLC CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</div>
<table cellspacing="0" cellpadding="0" id="z92ebdcbc78b44b72b45096a9d929b284" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 65.37%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="font-family: Calibri, sans-serif; font-weight: bold;">CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY </div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-style: italic;">(in thousands of $ except number of shares)</div>
</td>
<td style="width: 11.54%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2025</div>
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jan-Sep</div>
</td>
<td style="width: 11.54%; vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2024</div>
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jan-Sep</div>
</td>
<td style="width: 11.54%; vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2024</div>
<div style="text-align: right; margin-right: 6pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Jan-Dec</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">NUMBER OF SHARES OUTSTANDING</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 65.37%;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Balance at beginning and end of period</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 2.9pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">222,622,889</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 2.7pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">222,622,889</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-right: 2px solid; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 2.7pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">222,622,889</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">SHARE CAPITAL</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 65.37%;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Balance at beginning and end of period</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 20.65pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">222,623</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 20.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">222,623</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-right: 2px solid; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 20.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">222,623</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">ADDITIONAL PAID IN CAPITAL</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 65.37%;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Balance at beginning and end of period</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 20.65pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">604,687</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 20.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">604,687</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-right: 2px solid; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 20.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">604,687</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">CONTRIBUTED SURPLUS</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 65.37%;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Balance at beginning and end of period</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 13pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">1,004,094</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 12.8pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">1,004,094</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-right: 2px solid; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 12.8pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">1,004,094</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">ACCUMULATED OTHER RESERVES</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; color: #000000; font-family: Calibri, sans-serif;">Balance at beginning of period</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 30.85pt; color: #000000; font-family: Calibri, sans-serif;">1,782</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 38.2pt; color: #000000; font-family: Calibri, sans-serif;">415</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 38.2pt; color: #000000; font-family: Calibri, sans-serif;">415</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: justify; color: #000000; font-family: Calibri, sans-serif;">Other comprehensive income (loss)</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 26.8pt; color: #000000; font-family: Calibri, sans-serif;">(1,373)</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 38.2pt; color: #000000; font-family: Calibri, sans-serif;">195</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 30.65pt; color: #000000; font-family: Calibri, sans-serif;">1,367</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Balance at end of period</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 38.4pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">409</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 38.2pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">610</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 30.55pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">1,782</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">RETAINED EARNINGS</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Balance at beginning of period</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 20.75pt; color: #000000; font-family: Calibri, sans-serif;">507,467</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 20.5pt; color: #000000; font-family: Calibri, sans-serif;">445,999</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 20.5pt; color: #000000; font-family: Calibri, sans-serif;">445,999</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Profit for the period</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 20.75pt; color: #000000; font-family: Calibri, sans-serif;">151,149</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 20.5pt; color: #000000; font-family: Calibri, sans-serif;">428,850</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 20.5pt; color: #000000; font-family: Calibri, sans-serif;">495,583</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif;">Cash dividends</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 16.7pt; color: #000000; font-family: Calibri, sans-serif;">(164,741)</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 16.5pt; color: #000000; font-family: Calibri, sans-serif;">(358,423)</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 16.5pt; color: #000000; font-family: Calibri, sans-serif;">(434,115)</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Balance at end of period</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 20.65pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">493,875</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 20.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">516,426</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 20.45pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">507,467</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">EQUITY ATTRIBUTABLE TO THE COMPANY</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 13pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2,325,688</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 12.8pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2,348,440</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 12.8pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2,340,653</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">NON-CONTROLLING INTEREST</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 11.54%; vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);"> </td>
</tr>
<tr>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 65.37%;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Balance at beginning and end of period</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 34.3pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(472)</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 34.05pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(472)</div>
</td>
<td style="border-bottom: 2px solid #000000; border-left: 2px solid #000000; border-right: 2px solid; border-top: 2px solid #000000; vertical-align: bottom; width: 11.54%;">
<div style="text-align: right; text-indent: 34.05pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">(472)</div>
</td>
</tr>
<tr>
<td style="width: 65.37%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">TOTAL EQUITY</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 13pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2,325,216</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-left: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 12.8pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2,347,968</div>
</td>
<td style="width: 11.54%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0);">
<div style="text-align: right; text-indent: 12.8pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">2,340,181</div>
</td>
</tr>
</table>
<div style="margin-top: 5pt;"><br>
</div>
<div><br>
</div>
<div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
<div class="BRPFPageBreak" style="page-break-after: always;">
<hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
</div>
<div style="text-align: center; font-family: Calibri,sans-serif; font-size: 11pt; font-weight: bold;"> <img src="image00003.jpg"></div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;"> <br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">APPENDIX I - Non-GAAP measures</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Reconciliation of Adjusted profit</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">This press release describes adjusted profit and related per share amounts, which are not measures prepared in accordance with IFRS (“non-GAAP”). We believe the
non-GAAP financial measures provide investors with a means of analyzing and understanding the Company's ongoing operating performance. The non-GAAP financial measures should not be considered in isolation from, as substitutes for, or superior to
financial measures prepared in accordance with IFRS.</div>
<div><br>
</div>
<table cellspacing="0" cellpadding="0" id="z16b87d87e7b14a2daf97c1d84deb4f34" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 37.12%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-style: italic;">(in thousands of $)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">FY 2025</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q3 2025</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q2 2025</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q1 2025</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">FY 2024</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q3 2024</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Adjusted profit</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Profit</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.8pt; color: #000000; font-family: Calibri, sans-serif;">151,149</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.85pt; color: #000000; font-family: Calibri, sans-serif;">40,319</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.85pt; color: #000000; font-family: Calibri, sans-serif;">77,543</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.85pt; color: #000000; font-family: Calibri, sans-serif;">33,287</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.8pt; color: #000000; font-family: Calibri, sans-serif;">495,583</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.85pt; color: #000000; font-family: Calibri, sans-serif;">60,457</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-style: italic;">Add back:</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Loss on marketable securities</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">1,790</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">1,790</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">5,493</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">2,817</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Share of losses of associated companies</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">70</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">70</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">2,134</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Unrealized loss on derivatives (1)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.85pt; color: #000000; font-family: Calibri, sans-serif;">12,501</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">2,994</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">3,594</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">5,913</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.85pt; color: #000000; font-family: Calibri, sans-serif;">16,191</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.85pt; color: #000000; font-family: Calibri, sans-serif;">12,806</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Debt extinguishment losses</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 32.5pt; color: #000000; font-family: Calibri, sans-serif;">300</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 32.5pt; color: #000000; font-family: Calibri, sans-serif;">283</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 37.55pt; color: #000000; font-family: Calibri, sans-serif;">17</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">6,307</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Synthetic option revaluation loss (2)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">9,099</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">5,749</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">1,748</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">1,602</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-style: italic;">Less:</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Unrealized gain on derivatives (1)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(1,493)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Gain on marketable securities</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 28.45pt; color: #000000; font-family: Calibri, sans-serif;">(346)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 28.45pt; color: #000000; font-family: Calibri, sans-serif;">(235)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 28.45pt; color: #000000; font-family: Calibri, sans-serif;">(111)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(2,088)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Share of results of associated companies</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(1,117)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 28.45pt; color: #000000; font-family: Calibri, sans-serif;">(176)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 28.45pt; color: #000000; font-family: Calibri, sans-serif;">(941)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(1,535)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 33.5pt; color: #000000; font-family: Calibri, sans-serif;">(42)</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Gain on sale of vessels</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(5,977)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(5,977)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 10.8pt; color: #000000; font-family: Calibri, sans-serif;">(112,079)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Dividends received</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(4,230)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 28.45pt; color: #000000; font-family: Calibri, sans-serif;">(415)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(2,530)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(1,285)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(3,535)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 28.45pt; color: #000000; font-family: Calibri, sans-serif;">(602)</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Debt extinguishment gains</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 28.45pt; color: #000000; font-family: Calibri, sans-serif;">(354)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Synthetic option revaluation gain (2)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 38.6pt; color: #000000; font-family: Calibri, sans-serif;">—</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(7,982)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="border-bottom: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 37.12%;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Adjusted profit</div>
</td>
<td style="border-bottom: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 10.48%;">
<div style="text-align: right; text-indent: 14.8pt; color: #000000; font-family: Calibri, sans-serif;">163,239</div>
</td>
<td style="border-bottom: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 10.48%;">
<div style="text-align: right; text-indent: 19.85pt; color: #000000; font-family: Calibri, sans-serif;">42,505</div>
</td>
<td style="border-bottom: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 10.48%;">
<div style="text-align: right; text-indent: 19.85pt; color: #000000; font-family: Calibri, sans-serif;">80,351</div>
</td>
<td style="border-bottom: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 10.48%;">
<div style="text-align: right; text-indent: 19.85pt; color: #000000; font-family: Calibri, sans-serif;">40,383</div>
</td>
<td style="border-bottom: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 10.48%;">
<div style="text-align: right; text-indent: 14.8pt; color: #000000; font-family: Calibri, sans-serif;">396,642</div>
</td>
<td style="border-bottom: 2px solid #000000; border-top: 2px solid #000000; vertical-align: bottom; width: 10.48%;">
<div style="text-align: right; text-indent: 19.85pt; color: #000000; font-family: Calibri, sans-serif;">75,436</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-style: italic;">(in thousands)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Weighted average number of ordinary shares</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.8pt; color: #000000; font-family: Calibri, sans-serif;">222,623</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.8pt; color: #000000; font-family: Calibri, sans-serif;">222,623</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.8pt; color: #000000; font-family: Calibri, sans-serif;">222,623</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.8pt; color: #000000; font-family: Calibri, sans-serif;">222,623</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.8pt; color: #000000; font-family: Calibri, sans-serif;">222,623</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.8pt; color: #000000; font-family: Calibri, sans-serif;">222,623</div>
</td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-style: italic;">(in $)</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
</tr>
<tr>
<td style="width: 37.12%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Adjusted basic and diluted earnings per share</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 29.95pt; color: #000000; font-family: Calibri, sans-serif;">0.73</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 29.95pt; color: #000000; font-family: Calibri, sans-serif;">0.19</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 29.95pt; color: #000000; font-family: Calibri, sans-serif;">0.36</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 29.95pt; color: #000000; font-family: Calibri, sans-serif;">0.18</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 29.95pt; color: #000000; font-family: Calibri, sans-serif;">1.78</div>
</td>
<td style="width: 10.48%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 29.95pt; color: #000000; font-family: Calibri, sans-serif;">0.34</div>
</td>
</tr>
</table>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">(1) Adjusted profit excludes the unrealized gain/loss on derivatives to give effect to the economic benefit/cost provided by our interest rate swap agreements. The
components of the gain/loss on derivatives are as follows:</div>
<div><br>
</div>
<table cellspacing="0" cellpadding="0" id="z1227a33cce324961a0377966c573dfab" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-style: italic;">(in thousands of $)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">FY 2025</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q3 2025</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q2 2025</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q1 2025</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">FY 2024</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q3 2024</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Unrealized gain (loss) on derivatives</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 15.85pt; color: #000000; font-family: Calibri, sans-serif;">(12,501)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(2,994)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(3,594)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(5,913)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 15.85pt; color: #000000; font-family: Calibri, sans-serif;">(14,698)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 15.85pt; color: #000000; font-family: Calibri, sans-serif;">(12,806)</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Interest income on derivatives</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.85pt; color: #000000; font-family: Calibri, sans-serif;">11,534</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">3,410</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">3,469</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">4,655</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.85pt; color: #000000; font-family: Calibri, sans-serif;">23,904</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">6,267</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Gain (loss) on derivatives</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 28.45pt; color: #000000; font-family: Calibri, sans-serif;">(967)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 32.5pt; color: #000000; font-family: Calibri, sans-serif;">416</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 28.45pt; color: #000000; font-family: Calibri, sans-serif;">(125)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(1,258)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 24.95pt; color: #000000; font-family: Calibri, sans-serif;">9,206</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 20.9pt; color: #000000; font-family: Calibri, sans-serif;">(6,539)</div>
</td>
</tr>
</table>
<div><br>
</div>
<div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
<div class="BRPFPageBreak" style="page-break-after: always;">
<hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
</div>
<div style="text-align: center;"><img src="image00003.jpg"> </div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">(2) The three-year vesting period for the synthetic options granted to employees and board members in the fourth quarter of 2021 ended during the fourth quarter of
2024. As there are no ongoing service requirements, adjusted profit for the fourth quarter of 2024 and subsequent quarters exclude the gains and losses due to the revaluation of the synthetic option liability in the periods. Adjusted profit will
exclude any gains/losses due to the revaluation of the liability for the remaining exercisable options until the expiration of the options in the fourth quarter of 2026.</div>
<div><br>
</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Reconciliation of Total operating revenues to Time Charter Equivalent and Time Charter Equivalent per day</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Consistent with general practice in the shipping industry, we use TCE as a measure to compare revenue generated from a voyage charter to revenue generated from a
time charter. We define TCE as operating revenues less voyage expenses and commission, administrative income, finance lease interest income and other non-vessel related income. Under time charter agreements, voyage costs, such as bunker fuel, canal
and port charges and commissions are borne and paid by the charterer whereas under voyage charter agreements, voyage costs are borne and paid by the owner. TCE is a common shipping industry performance measure used primarily to compare
period-to-period changes in a shipping company’s performance despite changes in the mix of charter types (i.e., spot charters and time charters) under which the vessels may be employed between the periods. Time charter equivalent, a non-GAAP
measure, provides additional meaningful information in conjunction with operating revenues, the most directly comparable IFRS measure, because it assists management in making decisions regarding the deployment and use of our vessels and in
evaluating their financial performance, regardless of whether a vessel has been employed on a time charter or a voyage charter.</div>
<div><br>
</div>
<table cellspacing="0" cellpadding="0" id="zac1da65107034275ae86d6c086c18153" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="color: #000000; font-family: Calibri, sans-serif; font-style: italic;">(in thousands of $)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">FY 2025</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q3 2025</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q2 2025</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q1 2025</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">FY 2024</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q3 2024</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Revenues</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 7.2pt; color: #000000; font-family: Calibri, sans-serif;">1,340,597</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">432,654</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">480,077</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">427,866</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 7.2pt; color: #000000; font-family: Calibri, sans-serif;">2,050,385</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">490,318</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-style: italic;">Less</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Voyage expenses and commission</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 10.7pt; color: #000000; font-family: Calibri, sans-serif;">(556,164)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 10.7pt; color: #000000; font-family: Calibri, sans-serif;">(181,595)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 10.7pt; color: #000000; font-family: Calibri, sans-serif;">(194,594)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 10.7pt; color: #000000; font-family: Calibri, sans-serif;">(179,975)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 10.7pt; color: #000000; font-family: Calibri, sans-serif;">(773,434)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 10.7pt; color: #000000; font-family: Calibri, sans-serif;">(194,985)</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Other non-vessel items</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 15.75pt; color: #000000; font-family: Calibri, sans-serif;">(12,242)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 20.8pt; color: #000000; font-family: Calibri, sans-serif;">(2,898)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 20.8pt; color: #000000; font-family: Calibri, sans-serif;">(2,529)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 20.8pt; color: #000000; font-family: Calibri, sans-serif;">(6,815)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 20.8pt; color: #000000; font-family: Calibri, sans-serif;">(7,920)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 20.8pt; color: #000000; font-family: Calibri, sans-serif;">(3,113)</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Total TCE</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.65pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">772,191</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.65pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">248,161</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.65pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">282,954</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.65pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">241,076</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 7pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">1,269,031</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.65pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">292,220</div>
</td>
</tr>
</table>
<div><br>
</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Time charter equivalent per day</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">The Company recognizes revenues over time, ratably from commencement of cargo loading until completion of discharge of cargo (the "load-to-discharge basis").</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Time charter equivalent per day ("TCE rate" or "TCE per day") represents the weighted average daily TCE income of vessels of different sizes in our fleet.</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">TCE per day is a measure of the average daily income performance. Our method of calculating TCE per day is determined by dividing TCE by on hire days during a
reporting period. On hire days are calculated on a vessel by vessel basis and represent the net of available days and off hire days for each vessel (owned or chartered in) in our possession during a reporting period. Available days for a vessel
during a reporting period is the number of days the vessel (owned or chartered in) is in our possession during the period. By definition, available days for an owned vessel equal the calendar days during a reporting period, unless the vessel is
delivered by the yard during the relevant period whereas available days for a chartered-in vessel equal the tenure in days of the underlying time charter agreement, pro-rated to the relevant reporting period if such tenure overlaps more than one
reporting period. Off hire days for a vessel during a reporting period is the number of days the vessel is in our possession during the period but is not operational as a result of unscheduled repairs, scheduled dry docking or special or
intermediate surveys and lay-ups, if any.</div>
<div><br>
</div>
<div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
<div class="BRPFPageBreak" style="page-break-after: always;">
<hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
</div>
<div style="text-align: center;"><img src="image00003.jpg"> </div>
<div><br>
</div>
<table cellspacing="0" cellpadding="0" id="z4661dcef68374ad5a6153953b7f8cb74" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;">
<tr>
<td style="width: 36.84%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);"> </td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">FY 2025</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q3 2025</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q2 2025</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q1 2025</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">FY 2024</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);">
<div style="text-align: center; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Q3 2024</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Time charter TCE (in thousands of $)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">VLCC</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">13,840</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">4,636</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">4,627</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">4,577</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">7,967</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">3,288</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Suezmax</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">9,826</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">3,494</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">3,237</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">3,095</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">8,697</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">3,079</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">LR2</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">25,851</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">5,441</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">6,806</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">13,604</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">56,277</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">14,202</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Total Time charter TCE</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">49,517</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">13,571</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">14,670</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">21,276</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">72,941</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">20,569</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Spot TCE (in thousands of $)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">VLCC</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">409,900</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">122,114</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">154,513</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">133,273</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">642,768</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">144,698</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Suezmax</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">197,671</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">66,654</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">72,205</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">58,812</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">337,496</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">80,805</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">LR2</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">115,103</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">45,822</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">41,566</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">27,715</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">215,826</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">46,148</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Total Spot TCE</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">722,674</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">234,590</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">268,284</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">219,800</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 7.2pt; color: #000000; font-family: Calibri, sans-serif;">1,196,090</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;">
<div style="text-align: right; text-indent: 14.75pt; color: #000000; font-family: Calibri, sans-serif;">271,651</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 2px solid;"> </td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Total TCE</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 4px double;">
<div style="text-align: right; text-indent: 14.65pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">772,191</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 4px double;">
<div style="text-align: right; text-indent: 14.65pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">248,161</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 4px double;">
<div style="text-align: right; text-indent: 14.65pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">282,954</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 4px double;">
<div style="text-align: right; text-indent: 14.65pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">241,076</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 4px double;">
<div style="text-align: right; text-indent: 7pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">1,269,031</div>
</td>
<td style="width: 10.53%; vertical-align: bottom; border-bottom: #000000 4px double;">
<div style="text-align: right; text-indent: 14.65pt; color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">292,220</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Spot days (available days less off hire days)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">VLCC</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">10,731</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">3,563</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">3,586</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">3,582</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">14,813</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">3,651</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Suezmax</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">5,638</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">1,901</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">1,854</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">1,883</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">8,158</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">2,023</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">LR2</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">4,122</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">1,458</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">1,420</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">1,244</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">5,102</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 24.85pt; color: #000000; font-family: Calibri, sans-serif;">1,282</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif; font-weight: bold;">Spot TCE per day (in $ per day)</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
<td style="width: 10.53%; vertical-align: bottom;"> </td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">VLCC</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">38,200</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">34,300</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">43,100</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">37,200</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">43,400</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">39,600</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">Suezmax</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">35,100</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">35,100</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">38,900</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">31,200</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">41,400</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">39,900</div>
</td>
</tr>
<tr>
<td style="width: 36.84%; vertical-align: bottom;">
<div style="color: #000000; font-family: Calibri, sans-serif;">LR2</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">27,900</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">31,400</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">29,300</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">22,300</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">42,300</div>
</td>
<td style="width: 10.53%; vertical-align: bottom;">
<div style="text-align: right; text-indent: 19.8pt; color: #000000; font-family: Calibri, sans-serif;">36,000</div>
</td>
</tr>
</table>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Due to rounding, numbers presented throughout this document may not add up precisely to the totals provided and per day amounts may not precisely reflect the
absolute figures.</div>
<div><br>
</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Estimated average daily cash breakeven rates</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">The estimated average daily cash breakeven rates are the daily TCE rates our vessels must earn to cover operating expenses including dry docks, repayments of loans,
net interest expense, bareboat hire, time charter hire and net general and administrative expenses for the next 12 months.</div>
<div><br>
</div>
<div><br>
</div>
<div style="font-family: Calibri, sans-serif; font-size: 11pt; font-weight: bold;">Spot TCE currently contracted</div>
<div><br>
</div>
<div style="text-align: justify; font-family: Calibri, sans-serif; font-size: 11pt;">Spot TCE currently contracted are provided on a load-to-discharge basis, whereby the Company recognizes revenues over time ratably from commencement of cargo loading
until completion of discharge of cargo. The rates reported are for all contracted days so far in the <font style="color: #000000;">fourth quarter</font> and therefore may not be reflective of rates to be earned for the full <font style="color: #000000;">fourth quarter</font>. The percentage of the period covered reflects the number of days each vessel is currently contracted for the <font style="color: #000000;">fourth quarter</font> as compared to the total available days in the <font style="color: #000000;">fourth quarter</font>. The actual rates to be earned in the <font style="color: #000000;">fourth quarter</font> will depend on the number of additional contracted days the Company is able to achieve and when each vessel
commences loading of its cargo. On a load-to-discharge basis, the Company is unable to recognize revenues on ballast days, which are days when a vessel is sailing without cargo. The number of contracted ballast days at the end of the <font style="color: #000000;">third quarter</font> of <font style="color: #000000;">2025</font> was 1,053 days for VLCCs, 328 days for Suezmax tankers and 243 days for LR2/Aframax tankers.</div>
<div style="margin-bottom: 5pt;"><br>
</div>
<div style="text-align: justify;"><br>
</div>
</div>
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