Vessel sales boost Exmar’s profit by 151.4% to $181m

Exmar saw its 2024 profit get a more than twofold boost from vessel sales, as net profit attributable to shareholders surged 151.4% year-on-year to $181m, from $72m in 2023.

The Belgian gas shipping and infrastructure company’s gains on disposals in 2024 surpassed 2023’s gains by more than a hundred times, at $102.62m in 2024, from $868,000 in 2023.

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According to Exmar’s press statement, “net result for 2024 was significantly boosted by the reversal of the contingent liability accrued at the time of the sale of TANGO FLNG ($78m)”.