4.3.18Inventories
31 December 2025 | 31 December 2024 | ||
|---|---|---|---|
Materials and consumables | 7 | 10 | |
Multi-purpose floaters under construction and related equipment | 324 | 27 | |
Total | 332 | 37 |
Multi-purpose floaters (’MPFs’) under construction and related equipment mainly relate to the ongoing EPC phase of any Fast4Ward® new build hulls. Fast4Ward® hulls and related equipment remain in inventory until they are allocated to a specific FPSO contract.
The increase of the inventory balance at year-end 2025 mainly relates to multi-purpose hulls for use on future FPSO projects. As of December 31, 2025, the Company has two MPFs under construction (December 31, 2024: two MPFs under construction).