Awilco LNG (ALNG) Q1 2026 earnings summary

Executive summary

• Reported a net loss of USD 6.4 million and loss per share of USD 0.05 in Q1 2026, compared to a net loss of USD 4.4 million and USD 0.03 per share in Q4 2025.

• EBITDA decreased to USD 0.9 million from USD 2.3 million sequentially.

• Vessel utilization dropped to 68% from 100% in the previous quarter.

• ALNG Trading platform established to expand into LNG trading and structuring.

• Leadership changes: CEO stepped down, interim CEO appointed, and new Chairman proposed.

Financial highlights

• Freight income was USD 8.2 million, down from USD 9.9 million in Q4 2025.

• Net freight income at USD 6.2 million, compared to USD 6.9 million in Q4 2025.

• Operating expenses increased to USD 4.0 million from USD 3.7 million sequentially.

• Net financial expenses rose to USD 3.3 million, including a USD 0.5 million modification loss on financing.

• Cash and cash equivalents decreased to USD 7.8 million from USD 14.8 million at year-end 2025.

Outlook and guidance

• LNG shipping market volatility heightened by Middle East conflict and Strait of Hormuz closure.

• One vessel fixed on a multi-month charter at improved rates post-quarter.

• Focus on launching LNG trading business and securing first trade.