Flex LNG Ltd.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Vessel operating expenses ($29.9m) ($21.0m) ($22.4m) ($37.0m) ($61.2m) ($63.4m) ($68.4m) ($69.9m) ($74.9m)
Operating income ($12.6m) $29.0m $55.0m $75.6m $201.2m $200.6m $217.2m $197.8m $175.8m
Vessel operating revenues $27.3m $77.2m $120.0m $164.5m $343.4m $347.9m $371.0m $356.3m $347.6m
Depreciation ($2k) ($17.4m) ($28.7m) ($41.8m) ($69.8m) ($72.2m) ($73.4m) ($75.5m) ($76.6m)
Interest income $123k $607k $1.1m $327k $41k $2.0m $4.9m $4.5m $4.1m
Extinguishment of long-term debt $0 $0 ($3.4m) $0 ($1.2m) ($16.1m) ($10.2m) ($637k) ($4.1m)
Gain on derivatives $0 $0 ($1.6m) ($25.2m) $18.4m $79.7m $18.3m $22.8m ($7.4m)
Other financial items $2.3m ($54k) ($113k) ($771k) $137k ($1.5m) ($1.2m) ($1.1m) ($853k)
Income before tax ($10.4m) $11.8m $17.1m $8.2m $162.3m $188.1m $120.1m $117.8m $74.9m
Net income ($10.4m) $11.8m $17.0m $8.1m $162.2m $188.0m $120.0m $117.7m $74.8m
Basic earnings per share (in dollars per share) ($0.34) $0.29 $0.31 $0.15 $3.04 $3.53 $2.24 $2.19 $1.38
Diluted earnings per share (in dollars per share) ($0.34) $0.29 $0.31 $0.15 $3.04 $3.51 $2.22 $2.18 $1.38
Voyage expenses ($6.7m) ($5.2m) ($6.3m) ($3.7m) ($3.3m) ($2.5m) ($1.7m) ($3.4m) ($12.4m)
Administrative expenses ($3.4m) ($4.6m) ($7.5m) ($6.3m) ($7.9m) ($9.1m) ($10.5m) ($9.8m) ($8.0m)
Interest expense ($234k) ($17.8m) ($33.9m) ($41.8m) ($56.2m) ($76.6m) ($108.7m) ($105.6m) ($92.6m)
Income tax expense ($17k) $10k ($182k) ($84k) ($99k) ($98k) ($78k) ($132k) ($82k)