GOLAR LNG LTD

4. SEGMENT INFORMATION

We have identifiedtwo distinct services that constitute our reportable segments: “FLNG” and “Corporate and other”. Our key performance indicator is Adjusted EBITDA.

A reconciliation of net income to Adjusted EBITDA for the six months ended June 30, 2026 and 2025 is as follows:

(1) Includes taxes relating to FLNG Gimi's operations under the lease and operate agreement (“LOA”) which are reimbursed by bp, with the corresponding income recognized within sales-type lease revenue and vessel management fees.

(2) Includes gains/(losses) on disposals of investments and other non-operating items. During the six months ended June 30, 2026, this primarily comprised a $3.1 million gain on the disposal of our 2.69% interest in OLT Offshore LNG Toscana S.p.A.,which had been fully impaired in 2019, partially offset by a $2.7 million loss on the disposal of our investment in Gaslin S.r.l. During the six months ended June 30, 2025, this primarily comprised a $30.0 million gain on the deemed sale of FLNGGimi upon commencement of the 20-year lease with bp following commencement of commercial operations (note 5).

(3) Includes interest incurred on the Company's debt facilities, including the amortization of deferred financing costs. Borrowing costs directly attributable to qualifying assets are capitalized (note 15).

Ourtwo distinct reportable segments are as follows:

•FLNG– includes the operations of our FLNG vessels and projects. We convert LNG carriers into FLNG vessels or build new FLNG vessels and subsequently contract them to third parties. We currently havetwo operational FLNGs, the FLNG Hilli and the FLNG Gimi. We also haveone FLNG undergoing conversion, the FLNG Esperanza (note 12).

•Corporate and other – includes our legacy shipping segment activities, vessel management, floating storage and regasification unit(“FSRU”)services for third parties, LNG carrier transportation operations, administrative services to affiliates and third parties, our corporate overhead costs and other strategic investments.

(4) Includes inter-segment eliminations arising from vessel and administrative management fees revenue between segments.

(5) Includes crew, repairs and maintenance, spares, stores and consumables and insurance costs. In relation to our vessel operation and maintenance services, we may arrange for goods or services to be provided on behalf of the customer. Amounts relating to these arrangements are presented on a net basis.

(6) In connection with FLNG Hilli’s planned departure from Cameroon in July 2026, we accrued $4.8 million of employee-related termination benefits under local labor laws during the six months ended June 30, 2026.

(7) Includes employee compensation and benefits, audit and accounting fees, legal fees and other corporate costs, which are managed centrally under our “Corporate and other” segment.

(8) In March 2026, we completed the buy-out of our UK defined benefit pension scheme through the purchase of individual annuity contracts, resulting in a settlement of the plan obligations and the recognition of a settlement loss of $2.4 million in “Administrative expenses”.

(9) Includes costs incurred for early-stage development activities, feasibility studies, and business development efforts for projects not yet at Final Investment Decision (“FID”) stage.

(10) Includes $4.0 million in relation to the reimbursement for gas generator, and capital spares and consumables procured during the conversion and commissioning of the FLNG Gimi in connection with the LOA and a $0.8 million reimbursement following the final reconciliation of pre-COD fuel purchases during the six months ended June 30, 2026.

(11) As of June 30, 2026 and 2025, management evaluated the expected credit losses related to its shareholder loan to Higas Holdings Limited (“Higas”) (note 20). Based on our assessment of Higas’ financial condition and the continued uncertainty regarding Higas’ potential inclusion to Sardinia’s regulatory framework as of the reporting date, allowance for credit losses of $0.3 million and $1.1 million were recognized in “Other operating loss” in the unaudited consolidated statements of operations for the six months ended June 30, 2026 and 2025, respectively.

(12) Amounts recognized as revenue is analogous to the interest income component earned, while the principal amortization is treated as a reduction to the lease receivable balance presented in “Net investment in sales-type lease” in the unaudited consolidated balance sheet. “Sales-type lease receivable in excess of interest income” represents the lease receivable principal amortization component of the total amounts invoiced under the FLNG Gimi sales-type lease which commenced in June 2025. We included the total invoiced amounts comprising both interest income and principal repayment in our FLNG Adjusted EBITDA to reflect the total cash earnings and economic performance of the FLNG Gimi (note 5.2). This amount is eliminated from the unaudited consolidated statements of operations in accordance with U.S. GAAP.

(13) In March 2025, we completed the sale of our remaining LNG carrier, the Golar Arctic including its unused fuel onboard for a net consideration of $24.8 million resulting in a loss on disposal of $0.5 million recognized in “Other operating loss” in the unaudited consolidated statement of operations.