4.3.4Other Operating Income and Expense

In 2025, total other operating income and expense is mainly driven by:

• The US$28 million net gain arising from the Thunder Hawk sale completed during the period and associated derecognition of the demobilization receivable and demobilization provision;
• The partial release of a reimbursable grant, considering the Company's reassessment in 2025 indicating that the applicable metrics that trigger the repayment of the grant will no longer be fully met; and
• The full divestment of the lease and operating entities of the FPSO Aseng to GEPetrol completed in December 2025 with a loss of US$(20) million included in the line ’Other operating expenses’.

For clarification, the completion of the Share Purchase Agreements with MISC Berhad during the first half-year of 2025 had no impact on ’Other operating income/(expense)’ in the period. The acquisition of the interests in the entities related to FPSO Espirito Santo was accounted for directly in equity as a transaction with a non-controlling interest while the full divestment of the lease and operating entities of FPSO Kikeh had a nil impact on the EBITDA.

For comparison, in 2024 total other operating income and expense included a net gain in a total of US$32 million arising from the acquisition of interests held by Sonangol, related to FPSOs N’Goma, Saxi Batuque and Mondo, and from the divestment in the parent company of the Paenal shipyard in Angola.