Core Points - Golar LNG Limited announced that FLNG Gimi has reached the Commercial Operations Date (COD) for its 20-year Lease and Operate Agreement for the Greater Tortue Ahmeyim (GTA) project, unlocking approximately $3 billion of Adjusted EBITDA backlog [1][2] - The COD milestone signifies a significant achievement for Africa's deep offshore developments, establishing Mauritania and Senegal as LNG exporters [2] - Following the COD, Golar is accelerating work on its next FLNG units and advancing commercial discussions, with a focus on design choices for the fourth FLNG unit [3] Company Developments - The COD of FLNG Gimi triggers the start of a 20-year Lease and Operate Agreement, which is expected to generate substantial financial returns for Golar [1] - Golar is collaborating with GTA operator bp and partners Kosmos, PETROSEN, and SMH to ensure safe operations and value creation for stakeholders [2] - The company is progressing with engineering studies for a 5mtpa MKIII FLNG and updating plans for a 2.7mtpa MKI FLNG, indicating a strong pipeline for future projects [3]

Core Insights - Golar LNG Limited has maintained a strong operational track record with FLNG Hilli, having offloaded 132 cargoes and produced over 9 million tons of LNG since operations began [2] - The company has concluded a Final Investment Decision (FID) for a 20-year redeployment of FLNG Hilli to Southern Energy in Argentina, which is expected to significantly enhance its earnings visibility [2][10] - Golar's financial performance for Q1 2025 shows a net income of $8 million and an Adjusted EBITDA of $41 million, indicating a decline compared to the previous year [7][22] Financial Performance - Q1 2025 net income attributable to Golar was $8 million, a decrease of 85% from $55.2 million in Q1 2024 [22] - Total operating revenues for Q1 2025 were $62.5 million, down 4% from $65.0 million in Q1 2024 [22] - Golar's share of contractual debt increased by 24% year-over-year to $1.495 billion as of March 31, 2025 [22] Operational Developments - FLNG Gimi is in the final stages of commissioning, with the Commercial Operations Date (COD) expected in Q2 2025, which will unlock approximately $3 billion in Adjusted EBITDA backlog for Golar [4][7] - The MKII FLNG conversion project is on schedule for a Q4 2027 delivery, with $0.7 billion already spent on the conversion [8][10] - Golar has signed definitive agreements for a 20-year charter for the MKII FLNG, which, combined with FLNG Hilli, will create one of the largest FLNG development projects globally with a capacity of 5.95 million tons per annum [7][11] Strategic Agreements - The two FLNG agreements with Southern Energy are projected to add $13.7 billion in Adjusted EBITDA backlog over 20 years, with inflationary adjustments and commodity-linked tariff upside [11][12] - Golar's 10% equity stake in SESA provides additional commodity exposure, equating to approximately $28 million in annual exposure for every $1/MMBtu change in achieved FOB prices [13][14] - The charter agreements are subject to strong legal protections under Argentina's Large Investments Incentive Scheme (RIGI), ensuring regulatory stability and security of exports [16][20] Debt and Financing - A $1.2 billion debt facility to refinance FLNG Gimi was signed with a consortium of Chinese leasing companies, expected to generate net proceeds of approximately $530 million for Golar [6] - Golar is exploring alternatives for asset-level financing for MKII FLNG following the secured FID [9] - As of March 31, 2025, Golar's total cash was $678 million, with a net debt position of $817 million after accounting for cash [28][39]

Core Points - Golar LNG Limited held its 2025 Annual General Meeting on May 20, 2025, in Bermuda, where the audited consolidated financial statements for the year ended December 31, 2024, were presented [1][2] - The company expressed gratitude to retiring board members Georgina Sousa and Thorleif Egeli for their two decades of service, highlighting their role in transforming Golar from a shipping company to a pure play FLNG business [1] - New directors Benoît de la Fouchardiere and Mi Hong Yoon were welcomed to the board, with both having previously contributed to Golar's success [2] Resolutions Passed - The maximum number of Directors was set to not exceed eight [3] - Casual vacancies in the Board of Directors can be filled at the Board's discretion [3] - Re-elections were held for several directors, including Tor Olav Trøim, Daniel W. Rabun, Carl E. Steen, Niels G. Stolt-Nielsen, and Lori Wheeler Naess [3] - Benoît de la Fouchardiere and Mi Hong Yoon were elected as new Directors [3] - Ernst & Young LLP was re-appointed as auditors, with the Directors authorized to determine their remuneration [3] - The total remuneration for the Company's Board of Directors was approved, not to exceed US$2,000,000 for the year ended December 31, 2025 [3]

Group 1 - Golar's Q1 2025 results will be released before NASDAQ opens on May 27, 2025, due to a scheduled official State visit to the GTA Hub in Mauritania and Senegal [1] - A webcast presentation will take place at 1:00 P.M (London Time) on the same day, and it will be available for download from the Investor Relations section of the company's website [1] - Participants are encouraged to join the conference call via the live webcast link, with a recommendation to connect 10 minutes prior to the call start [1] Group 2 - For the teleconference, participants must register to obtain dial-in and passcode details, which helps eliminate wait times [3] - Participants can join the call by dialing in with provided numbers and their unique PIN or by using the "Call me" option for instant connection [3] - Presentation materials can be downloaded from the company's website to view while listening to the conference [4] Group 3 - A replay of the event audio will be available for a limited time on the company's website for those unable to listen live [4] - The information is subject to disclosure requirements under the Norwegian Securities Trading Act [4]

Core Viewpoint - Golar LNG Limited has announced the Final Investment Decision for a 20-year re-deployment charter of the FLNG Hilli and signed agreements for a 20-year charter for the MKII FLNG, both to be operated offshore Argentina, which is expected to significantly enhance the company's earnings backlog and commodity exposure [1][2][4]. Group 1: Charter Agreements - The two FLNG agreements are projected to contribute US$ 13.7 billion in earnings backlog over 20 years, before adjustments based on US-CPI and commodity-linked tariff upside [2]. - For every US$ 1/mmbtu increase above US$ 8/mmbtu, Golar expects an additional US$ 100 million in earnings when both FLNGs are operational [2]. - SESA has the option to reduce the term of the agreement to 12 years for FLNG Hilli and 15 years for MKII FLNG, subject to a 3-year notice and payment of a fee [2]. Group 2: Commodity Linked Tariff - Golar will receive 25% of realized FOB prices above a threshold of US$ 8/mmbtu, with no cap on the upside for gas prices [3]. - A mechanism allows for a partial reduction in charter hire if FOB prices fall below US$ 7.5/mmbtu, down to a floor of US$ 6/mmbtu, with a maximum accumulated discount capped at US$ 210 million [3]. - Any outstanding discounted charter hire amounts will be repaid through additional upside sharing if FOB prices exceed US$ 7.5/mmbtu [3]. Group 3: Project Support and Infrastructure - The project has received full support from the National and Provincial Governments in Argentina, including a 30-year LNG export authorization and qualification for the Incentive Regime for Large Investments [5]. - The FLNGs will be located offshore in the Gulf of San Matias, monetizing gas from the Vaca Muerta formation, which is the world's second-largest shale gas resource [6]. - SESA plans to construct a dedicated pipeline from Vaca Muerta to the Gulf of San Matias to supply gas to the FLNGs, enhancing operational efficiencies [6]. Group 4: Company and Market Position - Golar LNG Limited is a leading maritime LNG infrastructure company, recognized for pioneering floating LNG projects and currently positioned as a pure play FLNG provider [10]. - The partnership with leading Argentinian gas producers through SESA is expected to establish Argentina as a significant LNG exporter, leveraging the vast resources of the Vaca Muerta formation [7].

Core Insights - GOL Linhas Aéreas Inteligentes S.A. reported its consolidated results for the fourth quarter of 2024, highlighting significant growth in various business segments and operational performance [1] Group 1: Passenger Business - GOL achieved an on-time performance rate of 85.1% in 2024, an increase of 5.4 percentage points compared to 2023, and was recognized as the world's most punctual low-cost airline in January 2025 [7] - The airline increased its capacity (ASK) by 6.8% compared to 4Q23, with a 2.5% rise in unit revenue (RASK) during the same period, indicating a balance between expansion and sustainable revenue quality [7] - GOL maintained the lowest consumer complaint rate in Brazil for 2024, as per the "ANAC Consumer Monitoring Bulletin" [7] Group 2: Loyalty Program (Smiles) - Clube Smiles grew by 7.2% in customer numbers in 4Q24 compared to 4Q23, reaching 1.2 million customers [7] - Smiles revenue increased by 4.5% in 4Q24 compared to 3Q24, and ended the year with a 6.5% increase compared to FY23 [7] - Miles redeemed grew by 17.9% in 4Q24 versus 4Q23, with a notable 5.7 percentage point increase in the share of miles redeemed for non-airline products and services [7] Group 3: Cargo Business (GOLLOG) - GOLLOG surpassed R$ 1 billion in annual revenue for the first time, achieving nearly R$ 1.3 billion in FY24, a growth of 32% compared to FY23 [7] - In 2024, GOLLOG transported 2.9 million packages and celebrated its 24th anniversary in January 2025 [7] - The cargo unit operates 58 cargo terminals and 60 stores, covering over 4,000 cities, enhancing its service infrastructure across Brazil [7]

Core Points - Golar LNG Limited has filed its Form 20-F for the year ended December 31, 2024 with the Securities and Exchange Commission in the U.S. [1] - The Form 20-F is available for download on the company's website and shareholders can request a hard copy free of charge [1] - The announcement was made on March 27, 2025, by the Board of Directors in Hamilton, Bermuda [1]

Group 1 - Golar LNG Limited has entered into finance lease agreements with a consortium of leading Chinese leasing companies for refinancing the existing FLNG Gimi debt facility, amounting to approximately $1.2 billion [1] - The sale leaseback facility will have a tenor of 12 years and a 17-year amortization profile, with quarterly repayment installments throughout the lease period [2] - Upon closing and repayment of the existing debt facility, Gimi MS Corporation is expected to generate net proceeds of approximately $530 million, with Golar benefiting from 70% of these proceeds, equivalent to approximately $371 million [2]

Group 1 - The Financial Supervisory Authority of Norway approved a prospectus for Golar LNG Limited in connection with its bond listing application on the Oslo Stock Exchange [1] - The bond issued by Golar has the ISIN NO0013331223 [1] - The listing prospectus and final terms are available on Golar's website [1] Group 2 - The press release contains forward-looking statements reflecting management's expectations and projections about operations [2] - These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties [3] - Golar LNG Limited does not undertake any obligation to update forward-looking statements unless required by law [3] Group 3 - The press release was issued from Hamilton, Bermuda on March 13, 2025 [4] - Contact information for Golar Management Limited is provided, including CEO Karl Fredrik Staubo and CFO Eduardo Maranhão [4] - The information is subject to disclosure requirements under the Norwegian Securities Trading Act [4]

Group 1 - Golar LNG Limited has scheduled its 2025 Annual General Meeting for May 20, 2025 [1] - The record date for voting at the Annual General Meeting is set for March 13, 2025 [1] - Shareholders will receive a notice, agenda, and associated materials prior to the meeting, which will also be available on the company's website [1]