Awilco LNG ASA – Fourth quarter 2025 results

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.