Awilco LNG ASA – Fourth quarter 2025 results

26 Feb 2026 06:30 CET

The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) today
reports unaudited results for the three months ended December 31, 2025.

HIGHLIGHTS )
• Awilco LNG reports a net loss of USD 4.4 million and loss per share of USD
0.03 in the fourth quarter of 2025, down from a net loss of USD 0.3 million and
USD 0.00 per share in the third quarter of 2025. The result for the year 2025
ended at a loss of USD 11.2 million and a loss of USD 0.08 per share
• Net freight income of USD 6.9 million in fourth quarter of 2025, compared to
USD 10.6 million in third quarter of 2025. Net freight income for the year 2025
ended at USD 33.6 million
• EBITDA in fourth quarter of 2025 ended at USD 2.3 million, down from USD 6.4
million in third quarter of 2025. EBITDA for the year 2025 ended at USD 16.5
million
• Vessel utilization was 100% for fourth quarter of 2025, compared to 96% for
third quarter of 2025. For the full year 2025 utilization was 83%
• Net TCE came in at USD 37,600 per day for fourth quarter of 2025, compared to
USD 57,800 per day for third quarter of 2025. For the full year 2025 net TCE
ended at USD 46.000 per day

Jon Skule Storheill, Chief Executive Officer, commented:
“The LNG shipping market experienced a seasonal, but for most industry players
an unexpected strength during fourth quarter. With both vessels trading in the
spot market the Company managed to catch some of the strength that will also
impact on the first quarter 2026 earnings. The Company reports a drop in revenue
and an increased net loss in fourth quarter compared to previous quarter and a
net loss for the year in total. The strong market in fourth quarter 2025 was
unfortunately short lived as modern 2-st relets competed hard to stay cold and
avoid idle time. Weather delays are currently pushing rates up again in a
volatile market. With both vessels trading in the spot market idle periods and
lower earnings should be expected until activity picks up following the start-up
of new LNG production and/or ton-miles increase.”

Note on Alternative performance measures: Alternative performance measures are
defined and explained in the APM section of the Quarterly report.


Oslo, February 26, 2026
For further information please contact:

CEO Jon Skule Storheill
Phone: +47 913 44 356
CFO Per Heiberg
Phone: +47 952 20 264

About Awilco LNG ASA
Awilco LNG is a Norwegian based LNG transportation provider, owning and
operating LNG vessels intended for international trade. The Company currently
own two 2013 built 156,000 cbm TFDE membrane LNG vessels, WilForce and WilPride.

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666844_Awilco LNG ASA Q4 2025 report.pdf