Group 1 - The Board of Golden Ocean Group Ltd. announced the appointment of Mr. Peder Simonsen as the Chief Executive Officer of Golden Ocean Management AS [1] - Mr. Simonsen is currently serving as the Interim Chief Executive Officer and Chief Financial Officer of Golden Ocean Management AS [1] Group 2 - The Company appointed Ms. Randi Navdal Bekkelund as Chief Financial Officer of Golden Ocean Management, effective June 1, 2025 [2] - Ms. Bekkelund is currently the Chief Financial Officer of Avance Gas Holding Ltd. [2]

Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (“GOGL” or the “Company”) advises that the 2025 Annual General Meeting of the Company will be held on May 8, 2025. The record date for voting at the Annual General Meeting is set to April 7, 2025. A copy of the Notice of Annual General Meeting and associated information, including the Company’s Annual Report on Form 20-F, will be distributed and made available on the Company’s website at www.goldenocean.bm prior to the meeting. April 3, 2025 The Board of Dir ...

Core Points - Golden Ocean Group Limited has filed its annual report on Form 20-F for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission [1] - The annual report includes the Company's complete audited financial statements for 2024 and is accessible on the Company's website and the SEC's website [1][2] - Shareholders can request a hard copy of the annual report by contacting the Investor Relations department [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 19 ...

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Core Viewpoint - CMB.TECH NV has announced the acquisition of approximately 40.4% of Golden Ocean Group Limited's issued share capital through a share purchase agreement with Hemen Holding Limited, marking a significant step in its diversification strategy [1][2][3] Group 1: Acquisition Details - CMB.TECH will acquire 81,363,730 shares of Golden Ocean at a price of 14.49 USD per share, totaling approximately 1.18 billion USD [1] - The shares represent about 40.4% of Golden Ocean's issued share capital and approximately 40.8% of its outstanding shares with voting rights [1] - The transaction is expected to complete on 12 March 2025 and is not subject to any conditions [4] Group 2: Strategic Intent - The acquisition aligns with CMB.TECH's strategic objective of diversification, aiming to become a long-term shareholder in Golden Ocean and invest in a modern dry bulk fleet [2] - CEO Alexander Saverys emphasized the importance of this acquisition as a milestone in the company's diversification strategy and expressed intentions to engage with Golden Ocean's board and management for long-term growth [3] Group 3: Financial Considerations - CMB.TECH has identified a bank syndicate to refinance all or parts of Golden Ocean's current outstanding debt, indicating proactive financial management in light of the acquisition [4]

Golden Ocean Group Limited (NASDAQ:GOGL) Q4 2024 Earnings Conference Call February 26, 2025 9:00 AM ET Company Participants Peder Simonsen - Interim Chief Executive Officer and Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies LLC Greg Lewis - BTIG Clement Mullins - Value Investor's Edge Operator Thank you, and good day, and thank you for standing by. Welcome to the Golden Ocean Group Limited Q4 2024 Earnings Conference Call and Webcast. At this time, all participants will be in li ...

Forward-looking statements Golden Ocean Results Q4 2024 February 26th, 2025 0 Matters discussed in this presentation may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995, or the PSLRA, provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and un ...

Group 1 - The presentation of Golden Ocean Group Limited's fourth quarter 2024 results will be held via webcast and conference call at 15:00 CET [1] - Participants must register online to attend the conference call, and dial-in details will be provided upon registration [1] - A Q&A session will follow the conference call/webcast, with instructions for submitting questions given at the start of the session [1] Group 2 - The presentation material for the teleconference/webcast can be downloaded from the company's website, and replay details will also be available there [2] - The information shared is subject to the disclosure requirements of the Norwegian Securities Trading Act [2]

Core Viewpoint - Golden Ocean Group Limited reported solid performance in Q4 2024 despite market fluctuations, highlighting strong commercial capabilities and a disciplined cost structure, particularly in the Capesize and Newcastlemax vessel segments [3]. Financial Performance - Net income for Q4 2024 was $39.0 million, with earnings per share of $0.20, down from $56.3 million and $0.28 in Q3 2024 [3]. - Full year 2024 net income reached $223.2 million, with earnings per share of $1.12, compared to $112.3 million and $0.56 in 2023 [3]. - Adjusted EBITDA for Q4 2024 was $69.9 million, a decrease from $124.4 million in Q3 2024 [3]. - Adjusted net income for Q4 2024 was $12.7 million, down from $66.7 million in Q3 2024 [3]. Operational Highlights - The company recorded $34.3 million in drydocking expenses in Q4 2024, related to 13 drydockings, compared to $9.7 million for five drydockings in Q3 2024 [3]. - Reported TCE rates for Capesize and Panamax vessels were $24,656 per day and $14,771 per day, respectively, with an overall fleet TCE rate of $20,809 per day in Q4 2024 [3]. - Estimated TCE rates for Q1 2025 are approximately $15,100 per day for 77% of Capesize available days and $9,900 per day for 81% of Panamax available days [3]. Strategic Actions - The company repurchased 625,000 shares at an aggregate price of $5.7 million, or $9.08 per share [3]. - A purchase option for eight vessels from SFL Corporation Limited was exercised for a total of $112 million, partially financed by a new $90 million credit facility [3]. - The sale of one Newcastlemax vessel and one Panamax vessel was finalized for a total net consideration of $56.8 million [3]. Dividend Announcement - A cash dividend of $0.15 per share for Q4 2024 was announced, payable on or about March 21, 2025, to shareholders of record on March 11, 2025 [3].