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NYSE · WATER TRANSPORTATION · LARGE CAP

Flex LNG Ltd. FLNG

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$347.6M
▼ 2.4% YoY
$74.8M
▼ 36.4% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

It deploys its LNG carriers on period time charters that can last up to several years, with twelve of its vessels on fixed-rate time charters and one vessel on a variable-rate contract indexed to the spot market. For the year ended December 31, 2025, it had four customers accountable for more than 98.5% of its total revenues. As of February 27, 2026, it had two vessels open, four vessels on time charters expiring within one year, one vessel on a time charter expiring within two years, two vessels on time charters expiring from two to five years, and four vessels on time charters expiring after five years, excluding any option periods. It has a service level agreement with Front Ocean Management AS and Front Ocean Management Ltd, together referred to as Front Ocean, which provide it with advisory and support services including human resources, shared office costs, administrative support, IT systems and services, compliance, insurance and legal assistance. It has ship management agreements with Flex LNG Fleet Management AS, a related party owned by Frontline plc, which is responsible for the technical ship management of its entire fleet.

Written from the business description in Flex LNG Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 347.6M
Revenue, FY2025 · full 9-year series below
Revenue $M Net income $M
FY2025 · Revenue 347.6 · Net income 74.8
150M300M
2017202020232025
Compound annual growth
−0.0%
+16.1%
−26.5%
+56.0%
−26.7%
+55.9%
−4.5%
+67.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +16.1% a year over the five years to FY2025 — but profit grew faster: net income at +56.0%, earnings per share at +55.9%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

22 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 50.6% · Net 21.5%
20%40%-20%-40%
201720212025
ROE
FY2025 · ROE 9.8%
10%20%
201720212025
Three returns, three denominators.

Each USD of equity produced 10 cents of profit this year.

Cash & shareholders

USD 162.3M
returned in FY2025 · dividends + net buybacks
Net buybacks $M Dividends $M
FY2025 · Dividends 162.3 · Net buybacks ·
100M200M-150M-300M
201720182019202020212022202320242025

USD 162.3M in dividends — 217% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.6B
EquityUSD 719.3M
CashUSD 447.6M
Gross debtUSD 1.8B
Net debtUSD 1.4B
Current ratio3.03×

Net debt stands at 195% of equity.

The 9-year record

9 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
FLNG, 9-year financial record
Metric 202520242023202220212020201920182017
Revenue $B0.30.40.40.30.30.20.10.10.0
Operating income $B0.20.20.20.20.20.10.10.0−0.0
EBITDA $B0.30.30.30.30.30.10.10.0−0.0
Income tax $B0.00.00.00.00.00.00.0−0.00.0
Net income $B0.10.10.10.20.20.00.00.0−0.0
EPS, diluted $1.382.182.223.513.040.150.310.29−0.34
Dividend / sh $◌◌◌◌1.850.200.100.00◌
Payout %2171371519961133320−0
ROE %9.814.213.720.918.81.02.01.7−2.0
Shares out B◌◌◌◌◌◌0.050.05◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 34 reconciliationsAUDITED

Reconciled in 9 of the 9 fiscal years we could check. 22 checks were skipped: the balance sheet is not tagged before 2018. 10 checks were skipped: EPS is not tagged before 2017. 10 checks were skipped: revenue is not tagged before 2017.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityWater Transportation
Listed onNYSE
Incorporated inoutside the United States — SEC code D0
Fiscal year endsDecember 31
Data on record since2017

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