CSL EUROPE LIMITED

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent company's ability to continue as a going concern for a period to 31 March 2027.”

Group structure

1. CSL EUROPE LIMITED · parent
   1. Auscan Holdings Pty Limited 100% · Australia · operator of self-unloader vessels
   2. CSL Norse Holdings AS 100% · Norway · holding company
   3. CSL Norway AS 100% · Norway · trading company
   4. CSL OWL SRI B.V. 96% · The Netherlands · operator of self-unloader vessels
   5. CSL Transhipment Pty Limited 100%
   6. CSL Australia Pty Limited 100%
   7. CSL Ship Management Pty Limited 100%

Significant events

• “In April 2025, the U.S. administration announced the imposition of tariffs on goods imported from most countries. Many governments are evaluating the imposition of or have already imposed reciprocal tariff measures on certain US imported goods.”
• “The acquisition of 50% of Peak Group on April 5th, 2024, followed by the launch of a new partnership, Peak CSL Group AS will broaden service offerings towards the renewable, oil & gas and infrastructure markets, and set a solid groundwork for future expansion.”
• “On December 23, 2025, Algoma Central Corporate ("Algoma") purchased a 50% stake in CSL Norse. The Parent's 100% investment in CSL Norse effectively became a 50% investment through a joint venture, which will be accounted for using the equity method.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

10

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.