The Awilco LNG Group (Awilco LNG ASA together with its subsidiaries) today
reports unaudited results for the three months ended September 30, 2025.
HIGHLIGHTS
o Awilco LNG reports a net loss of USD 0.3 million and loss per share of USD
0.00 in the third quarter 2025, up from a net loss of USD 3.1 million and USD
0.02 per share in the second quarter 2025.
o Net freight income of USD 10.6 million in third quarter 2025, compared to USD
7.8 million in second quarter 2025.
o EBITDA in third quarter 2025 ended at USD 6.4 million, up from USD 3.9 million
in second quarter 2025.
o Vessel utilization was 96% for third quarter 2025, compared to 65% for second
quarter 2025.
o Net TCE came in at USD 57,800 per day for third quarter 2025, compared to USD
42,600 per day for second quarter 2025.
Jon Skule Storheill, Chief Executive Officer, commented:
"Despite a very challenging spot market during third quarter the company
improved its results significantly, though we still report a small loss for the
quarter. In recent weeks we have seen a seasonal strengthened winter market,
which most market participants had written off only a few weeks back. The number
of new vessels to be delivered ahead of the massive increase in LNG production
may from time to time oversupply the market over the next couple of years. A
continued steady flow of Final Investment Decisions for new LNG production is
proof of strong long-term demand for LNG shipping."
Note on Alternative performance measures: Alternative performance measures are
defined and explained in the APM section of the Quarterly report.
Oslo, November 19, 2025
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.