23. Earnings per Share
|
|
Year Ended December 31 |
||||
|---|---|---|---|---|---|---|
(in thousands of $ except for shares and EPS) |
|
2025 |
|
2024 |
|
2023 |
Profit/(Loss) for the period |
|
1,292,035 |
|
833,040 |
|
(295,053) |
Weighted average number of shares used for basic profit/(loss) per share |
|
61,295,149 |
|
59,855,585 |
|
57,169,253 |
Basic profit/(loss) per share (in $) |
|
21.08 |
|
13.92 |
|
(5.16) |
Weighted average number of shares used for diluted profit/(loss) per share |
|
66,029,215 |
|
65,177,815 |
|
57,169,253 |
Diluted profit/(loss) per share (in $) |
|
19.57 |
|
12.78 |
|
(5.16) |
Profit/(loss) per ordinary share is calculated by dividing the profit/(loss) for the period by the weighted average number of ordinary shares during the year. Diluted profit/(loss) per share is calculated by adjusting the weighted average number of shares by in the money outstanding dilutive stock options, RSUs and PSUs.
As the Company reported a net loss in 2023, stock options and RSUs had an anti-dilutive effect rather than a dilutive effect. As such, there is no difference between basic and diluted loss per ordinary share for this period.