Annual Report 2025

Annual Report 2025

18. Selling, General and Administrative Expenses

Selling, General and Administrative Expenses

 

 

Year Ended December 31,

(in thousands of $)

 

2025

 

20241)

 

20231)

Personnel expenses

 

500,530

 

424,916

 

303,033

Marketing services

 

395,374

 

306,987

 

202,146

Professional fees

 

238,228

 

170,215

 

108,820

Digital technology expenses

 

47,104

 

27,295

 

20,408

Distribution and commercial support expenses

 

33,818

 

19,695

 

10,356

Facilities and occupancy expenses

 

16,035

 

20,888

 

11,264

Supervisory board

 

11,829

 

9,724

 

8,362

Depreciation and amortization

 

7,079

 

3,149

 

2,366

Other expenses

 

117,060

 

72,468

 

45,150

Total Selling, general and administrative expenses

 

1,367,057

 

1,055,337

 

711,905

1)

Comparative figures have been aligned with the presentation adopted in the current year.