GOLAR LNG LTD

The unaudited condensed consolidated financial statements have been prepared on a going concern basis.

The Company’s execution of the MKII FLNG EPC agreement with CIMC, refurbishment of FLNG Hilli in preparation for its 20-year redeployment in Argentina, and capital contributions to its equity method investments in SESA and SMP, reflect continued investment in long-term contracted infrastructure and investments, which resulted in increased capital expenditure commitments through 2028.

Management is required to assess the Company’s ability to continue as a going concern for the twelve-month period following the date on which these unaudited condensed consolidated financial statements are issued. In connection with this assessment, management prepared and approved cash flow forecasts through June 30, 2027. These forecasts considered expected operating cash flows, committed capital expenditures, debt service obligations, other liabilities as they become due, and available financing sources.

Management plans to continue to fund FLNG growth and further strengthen the Company’s liquidity through asset level financing of the MKII FLNG under construction and opportunistically upsize the debt against the FLNG Hilli supported by its 20-year contract backlog. Long term financing facilities for both FLNG units are in development, and these processes tend to be long dated. In order to facilitate additional liquidity to meet the Company’s near term growth ambitions, the Company has received credit-approval for $200 million under a senior secured revolving credit facility subsequent to March 31, 2026, secured by a pledge over the Company’s shares in Golar MKII Corporation. The company has interest from additional banks to potentially further increase the size of the revolving credit facility. The decision to enter into the facility will be determined by the final size of the facility, timing of incremental FLNG growth ambitions and progress on long term debt facilities on MKII and Hilli.

Before giving effect to the recently credit-approved senior secured $200 million revolving credit facility, secured by a pledge over 100% of the Company’s shares in Golar MKII Corporation, management’s forecasts indicated a need for additional liquidity to support the Company’s obligations as they became due within twelve months from the date of issuance of these financial statements.

Based on the updated forecasts, including expected operating cash flows, committed capital expenditures, and the additional liquidity provided by the $200 million revolving credit facility, management believes the Company will have sufficient liquidity to meet its obligations as they fall due for at least twelve months from the date these unaudited condensed consolidated financial statements are issued.

Accordingly, management has concluded that the use of the going concern basis of preparation remains appropriate for these unaudited condensed consolidated financial statements.