A. Accounting Framework

The consolidated financial statements of the Company have been prepared in accordance with, and comply with, IFRS Accounting Standards (’IFRS’) and IFRS Interpretations adopted by the European Union, which were effective for the financial year beginning January 1, 2025, and also comply with the financial reporting requirements included in Part 9 of Book 2 of the Dutch Civil Code.

The consolidated financial statements of the Company are prepared on a going concern basis.

The Company has not identified any differences between IFRS adopted by the European Union and IFRS issued by the IASB impacting its consolidated financial statements.

The Company’s financial statements included in section 4.4 are part of the 2025 financial statements of SBM Offshore N.V.