Awilco LNG ASA - Fourth quarter 2025 results

The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) todayreports unaudited results for the three months ended December 31, 2025.HIGHLIGHTS ) o Awilco LNG reports a net loss of USD 4.4 million and loss per share ofUSD0.03 in the fourth quarter of 2025, down from a net loss of USD 0.3 millionandUSD 0.00 per share in the third quarter of 2025. The result for the year 2025ended at a loss of USD 11.2 million and a loss of USD 0.08 per shareo Net freight income of USD 6.9 million in fourth quarter of 2025,compared toUSD 10.6 million in third quarter of 2025. Net freight income for the year2025ended at USD 33.6 milliono EBITDA in fourth quarter of 2025 ended at USD 2.3 million, down fromUSD 6.4million in third quarter of 2025. EBITDA for the year 2025 ended at USD 16.5milliono Vessel utilization was 100% for fourth quarter of 2025, compared to 96%forthird quarter of 2025. For the full year 2025 utilization was 83%o Net TCE came in at USD 37,600 per day for fourth quarter of 2025,compared toUSD 57,800 per day for third quarter of 2025. For the full year 2025 net TCEended at USD 46.000 per dayJon Skule Storheill, Chief Executive Officer, commented:"The LNG shipping market experienced a seasonal, but for most industry playersan unexpected strength during fourth quarter. With both vessels trading in thespot market the Company managed to catch some of the strength that will alsoimpact on the first quarter 2026 earnings. The Company reports a drop inrevenueand an increased net loss in fourth quarter compared to previous quarter and anet loss for the year in total. The strong market in fourth quarter 2025 wasunfortunately short lived as modern 2-st relets competed hard to stay cold andavoid idle time. Weather delays are currently pushing rates up again in avolatile market. With both vessels trading in the spot market idle periods andlower earnings should be expected until activity picks up following thestart-upof new LNG production and/or ton-miles increase."Note on Alternative performance measures: Alternative performance measures aredefined and explained in the APM section of the Quarterly report.Oslo, February 26, 2026For further information please contact:CEO Jon Skule StorheillPhone: +47 913 44 356CFO Per HeibergPhone: +47 952 20 264About Awilco LNG ASA Awilco LNG is a Norwegian based LNG transportation provider, owning andoperating LNG vessels intended for international trade. The Company currentlyown two 2013 built 156,000 cbm TFDE membrane LNG vessels, WilForce andWilPride.https://newsweb.oslobors.no/message/666844