Frontline Plc

After repayment of existing debt on the vessel, the transaction is expected to generate net cash proceeds of approximately $23.7 million, and the Company expects to record a gain of approximately $6.0 million in the third quarter of 2025.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

After repayment of existing debt on the vessels, the transaction generated net cash proceeds of approximately $208.0 million, and the Company recorded a gain of $68.6 million in the six months ended June 30, 2024.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

After repayment of existing debt on the vessel, the transaction generated net cash proceeds of $32.0 million, and the Company recorded a gain of $11.8 million in the six months ended June 30, 2024.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

After repayment of existing debt on the vessel, the transaction generated net cash proceeds of $34.0 million, and the Company recorded a gain of $13.8 million in the six months ended June 30, 2024.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

a decrease of $12.4 million related to the scheduled amortization of outstanding debt and a decrease in benchmark interest rates on the Company s floating rate debt, and a decrease of $2.6 million in interest expense due to the sale of five VLCCs and three Suezmax tankers since January 1, 2024.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

5 Liquidity and Capital Resources We operate in a capital intensive industry and have historically financed our purchase of tankers and other capital expenditures through a combination of cash generated from operations, equity capital and borrowings from commercial banks.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

In the year ended December 31, 2024, certain funds managed by FourWorld Capital Management LLC ( FourWorld ) began proceedings before the Antwerp Enterprise Court (Belgium), in connection with their claims pertaining to the integrated solution for the strategic and structural deadlock within former Euronav NV announced on October 9, 2023, and former Euronav NV s acquisition of CMB.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements, which include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

The below list includes the new standards and amendments that we believe are the most relevant for the Company: IFRS 18 Presentation and Disclosure in Financial Statements In April 2024, the IASB issued IFRS 18 Presentation and Disclosure in Financial Statements, which replaces IAS 1, with a focus on updates to the statement of profit or loss.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

US threats of additional tariffs on buyers of Russian crude have put further pressure on importers, especially India, Russia s largest customer.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

While uncertainty persists, the announcement has already prompted some Indian refiners to increase their share of compliant barrels from the Atlantic basin and the Middle East, lending support to compliant tonnage.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

Significant increases in interest rates could adversely affect results of operations and ability to service debt.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

Please see our Risk Factors in Item 3 of the Company's Annual Report on Form 20-F for the year ended December 10 31, 2024, filed with the Commission on April 7, 2025 for a more complete discussion of these and other risks and uncertainties.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025

The significant judgments made by management in applying the Company's accounting policies and the key sources of estimation uncertainty were the same as those described in the latest annual financial statements.

SEC original ↗Frontline Plc — Earnings release (6-K report)6-KSep 17, 2025