Awilco LNG narrows Q3 loss to $0.3m as freight income rises

Awilco LNG reported a net loss of $0.3 million for Q3 2025, an improvement from the $3.1 million net loss in Q2 2025. This was driven by a rise in net freight income to $10.6 million from $7.8 million quarter-over-quarter, and an increase in EBITDA to $6.4 million from $3.9 million. Vessel utilization also improved to 96% in Q3 2025, up from 65% in the prior quarter, with net TCE reaching $57,800 per day.

Chief executive Jon Skule Storheill noted the company saw a seasonally strengthened winter market despite a challenging spot market. He also highlighted a continued steady flow of final investment decisions for new LNG production, signaling strong long-term demand. However, the market faces potential oversupply in the coming years due to new vessel deliveries outpacing LNG production increases.

As of September 30, 2025, Awilco LNG maintained a book equity ratio of 41.0%, slightly up from 40.5% in Q2 2025. Cash and cash equivalents stood at $19.5 million, a slight decrease from $20.6 million at the end of the previous quarter.