The ALNG Group (ALNG ASA together with its subsidiaries) today reports unaudited results for the three months ending June 30, 2026.
HIGHLIGHTS
• ALNG (former “Awilco LNG”) reports a net loss of USD 6.4 million, the same as for first quarter 2026 and a loss per share of USD 0.03 for the second quarter of 2026. First half year 2026 net loss ended at USD 12.8 million and USD 0.08 per share.
• Net freight income of USD 5.9 million in second quarter of 2026, compared to USD 6.2 million in first quarter of 2026. First half year 2026 net freight income ended at USD 12.1 million, down from USD 16.0 million for the same period last year.
• EBITDA in second quarter of 2026 ended at USD 0.6 million, down from USD 0.9 million in first quarter of 2026. First half year 2026 EBITDA ended at USD 1.5 million, down from USD 7.7 million for the same period last year.
• Vessel utilization was 66% for second quarter of 2026, compared to 68% for first quarter of 2026. First half year 2026 utilization was 67%, compared to 68% for the same period last year.
• Net TCE came in at USD 32,600 and USD 33,400 per day for second quarter and first half year respectively, compared to USD 42,600 and USD 44,300 per day respectively for the same periods last year.
• Following approval and publication of a Prospectus on May 8, 2026, the Company in June completed a Subsequent offering to the Private Placement with gross proceeds of NOK 251.3 (approx. USD 26 million) completed in April. Gross proceeds from the subsequent offering were NOK 29.6 million (approx. USD 3.0 million).
Jens-Julius Nygaard, Interim Chief Executive Officer, commented:
“The LNG shipping segment experienced volatile spot rates and rising geopolitical disruptions in the first half of 2026. Spot rates for the TFDE vessels fluctuated heavily between USD 10,000 and USD 180,000 per day, driven by shifting Atlantic-to-Pacific trade routes and Middle East transit challenges. As such, the timing of our open positions negatively impacted on the overall earnings and utilisation of the fleet in the second quarter. The Trading initiative is progressing, and we expect the first LNG Trade to be entered into by the end of the year. The focus is now on opportunities in both segments as we enter the winter season with very low gas storage in Europe and a volatile gas price.”
Note on Alternative performance measures: Alternative performance measures are defined and explained in the APM section of the Quarterly report.
Oslo, August 18, 2026
For further information please contact:
Jens-Julius R. Nygaard, Interim CEO Phone: +47 957 21 630
Per Heiberg, CFO 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.