Golar LNG Reports Interim Q2 Sales Of $130.479M, Up 72% YoY And Adjusted EBITDA Of $127.365M, Up 159% YoY

Recent highlights

• Golar LNG Limited ("Golar" or "the Company") reports Q2 2026 net income attributable to Golar of $38 million inclusive of $29 million of non-cash items1, Adjusted EBITDA1 of $127 million and Total Golar Cash1 of $908 million, before the recently announced Revolving Credit Facility ("RCF").
• Final Investment Decision for 4th FLNG: Signed an Engineering, Procurement and Construction ("EPC") contract with Yantai CIMC Raffles Offshore Limited ("CIMC Raffles") for a 3.5 MTPA MKII unit with a fully delivered cost of approximately $2.45 billion and improved payment terms compared to the FLNG Esperanza. The unit will be the world's earliest available FLNG capacity, with expected delivery by year end 2029. As part of the EPC an option for an incremental FLNG order is included.
• Entered into Letter of Intent ("LOI") with Seatrium Energy (Americas) Pte Ltd ("Seatrium") securing a yard slot for potential incremental MKI or MKII order.
• Closed $600 million senior secured RCF with consortium of banks including ABN AMRO, Citibank, Danske Bank and Standard Chartered Bank.
• FLNG Hilli: Ended its 8-year contract in Cameroon with a 100% economic uptime since start-up, offloading 156 cargoes; currently repositioning to Singapore for modifications ahead of next 20-year contract commencing 2027.
• FLNG Gimi: Strong operational performance, overproduced 15% compared to contractual committed volume.
• SESA officially named MKII under construction the FLNG Esperanza.
• FLNG Esperanza: Construction on time and on budget.
• Southern Energy S.A. ("SESA") has received strong interest from offtakers for sale of production volume. San Matías Pipeline S.A. ("SMP") awarded EPC contract for construction of ~ 500km pipeline.
• Concluded legacy Operation and Maintain ("O&M") contract in respect of the FSRU Italis LNG (former Golar Tundra).
• Declared dividend of $0.25 per share for the quarter, payable on September 2, 2026, to shareholders of record on August 24, 2026. 102.1 million shares issued and outstanding as of June 30, 2026.

CEO Comment

"We are pleased to announce the ordering of Golar’s 4th FLNG. We believe this order, combining the world’s earliest available FLNG delivery and Golar’s operational track record, is well positioned to provide prospective clients with an attractive gas monetization solution, whilst driving value for Golar. This order strengthens Golar’s position as the market leading owner of FLNGs, increasing our controlled liquefaction capacity by 41% to above 12 MTPA, with potential to increase our earnings potential by ~50% if chartered at similar terms to its sister vessel the FLNG Esperanza.

Operationally we are very pleased to have completed Hilli’s initial contract with a market leading 100% uptime throughout the 8-year contract. We would like to thank our project partners SNH and Perenco for the solid cooperation and we are motivated to hopefully work together again on gas monetization projects in Cameroon in the future. We are also very pleased with the operational performance of the FLNG Gimi, producing 15% above contracted capacity during warmer ambient temperatures in summer months in Mauritania and Senegal. We look forward to getting to start-up of operations in Argentina once FLNG Hilli has conducted modification works in Singapore and FLNG Esperanza has completed her conversion. Both projects remain on time and on budget."