The financials
FLEX LNG Ltd. by the numbers
FLEX LNG Ltd. (FLNG) reported revenue of $173M in H2 2025 (quarter ended December 31, 2025), down 9.7% from the same quarter a year earlier. That came with a gross margin of 78% and net income of $38M (22% of revenue). For the full year FY2025, revenue was $348M (−2.4% year on year) and net income $75M.
| Income statement | H2 2025 | H2 2023 | Change |
|---|---|---|---|
| Revenue | $173M | $192M | −9.7% |
| Gross profit | $135M | $156M | −14% |
| Operating income | $85M | $114M | −26% |
| Net income | $38M | $64M | −41% |
| Diluted EPS | $0.71 | $1.19 | −40% |
Oil & Gas Midstream
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