Flex LNG Ltd (OSTO:FLNGo)

Q2 2025 FLEX LNG Ltd Earnings Call Transcript

Aug 20, 2025 / 01:00 PM GMT

Release Date Price: kr249.5 (-2.92%)

Transcript

Key Points

Positve

Flex LNG Ltd (FLNG) announced a $50 million share buyback program, indicating confidence in the company's financial health.
The company completed a $175 million refinancing of Flex Courageous, generating net proceeds of approximately $43 million.
Flex LNG Ltd (FLNG) has a strong contract backlog, providing earnings visibility and insulating the company from short-term market fluctuations.
The company declared a quarterly dividend of $0.75 per share, supported by a strong balance sheet with $413 million in cash.
Flex LNG Ltd (FLNG) has successfully completed two of its four scheduled dry dockings for the year, both under budget and within the expected timeframe.

Negative

The company's time charter equivalent (TCE) rate dropped slightly due to a softer spot market and vessels in dry dock.
Operating expenses were slightly above previous estimates due to higher costs in Europe compared to Singapore.
Flex LNG Ltd (FLNG) faces challenges with the delisting from the Oslo Stock Exchange, requiring shareholders to transfer shares to the New York Stock Exchange.
The LNG market remains cautious in the short term, with potential impacts from geopolitical tensions and economic slowdowns in key regions like China and India.
The company faces increased costs for new vessel construction, with shipyard slots only available for delivery from 2028 onwards.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FLNG.OL - FLEX LNG Ltd
Q2 2025 FLEX LNG Ltd Earnings Call
Aug 20, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hi everybody. Hope you all had a great summer. Welcome to Flex LND 2nd quarter 2025 result presentation.

My name is Mario Foss. I'm the interim CEO of Flex LNG, and I'm joined today by our CEO Kneer Holt.

We will cover the financials, market update, and conclude the earnings presentation with a Q&A session.

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Unidentified_2 [2]
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And before we begin, a quick note, we will be using some non-gap measures such as TCE adjusted EBTA, and adjusted netcom. These are supplements to the results reported in accordance with the US GAAP, and the reconciliation

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