FLEX LNG Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $347.6M | $356.3M | $371.0M | $347.9M | $343.4M | $164.5M | $120.0M | $77.2M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $8.0M | $9.8M | $10.5M | $9.1M | $7.9M | $6.3M | $7.5M | $4.6M |
| Operating Income | $175.8M | $197.8M | $217.2M | $200.6M | $201.2M | $75.6M | $55.0M | $29.0M |
| Operating Margin | 50.6% | 55.5% | 58.5% | 57.7% | 58.6% | 46.0% | 45.9% | 37.6% |
| Interest Expense | — | — | $108.7M | $76.6M | $56.2M | $41.8M | $33.9M | $17.8M |
| Pretax Income | $74.9M | $117.8M | $120.1M | $188.1M | $162.3M | $8.2M | $17.1M | $11.8M |
| Income Tax Expense | $82.0K | $132.0K | $78.0K | $98.0K | $99.0K | $84.0K | $182.0K | $-10.0K |
| Net Income | $74.8M | $117.7M | $120.0M | $188.0M | $162.2M | $8.1M | $17.0M | $11.8M |
| Net Margin | 21.5% | 33.0% | 32.4% | 54.0% | 47.2% | 4.9% | 14.1% | 15.3% |
| EPS (Basic) | $1.38 | $2.19 | $2.24 | $3.53 | $3.04 | $0.15 | $0.31 | $0.29 |
| EPS (Diluted) | $1.38 | $2.18 | $2.22 | $3.51 | $3.04 | $0.15 | $0.31 | $0.29 |
| Shares Outstanding (Basic) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Diluted) | 54.1M | 54.0M | 54.0M | 53.5M | 53.3M | 54.3M | 54.2M | 40.6M |
| Dividends Per Share | — | — | — | — | $1.85 | $0.20 | $0.10 | $0.00 |