GOLAR LNG LTD

Our primary source of cash is generated from the operations of FLNG Hilli and FLNG Gimi. We historically also generate cash flows from vessel management services and FSRU O&M contracts, these activities will be terminated during 2026. Cash used in operating activities primarily relates to crew expenses, repairs and maintenance, spares, stores and consumables, and insurance. Additional operating cash outflows include employee compensation and benefits, audit and accounting fees, legal expenses, general corporate overhead, and project development costs for both existing and prospective FLNG business growth initiatives.

Net cash provided by operating activities decreased by $27.5 million for the three months ended March 31, 2026, compared to the same period in 2025, driven by lower realized gains on oil and gas derivative instruments related to FLNG Hilli due to lower oil and TTF prices and thegeneral timing of working capital during the three months ended March 31, 2026 compared with the same period in 2025.