ALNG ASA - Second quarter 2026 results

The ALNG Group (ALNG ASA together with its subsidiaries) today reports unaudited
results for the three months ending June 30, 2026.

HIGHLIGHTS
o	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.
o	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.
o	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.
o	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.
o	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.
o	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.
y\
own two 2013 built 156\,000 cbm TFDE membrane LNG vessels\, WilForce and WilPride.\