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● ● HIGHLIGHTS ¹ ) Awilco LNG achieved net freight income of USD 16.2 million in Q1 2021 , up from USD 11.2 million in Q4 2020 . EBITDA for the quarter ended at USD 12.7 million , compared with USD 7.3 million in Q4 2020 . Net result for the period was USD 6.9 million , equivalent to an earnings per share of USD 0.05 Vessel utilisation in Q1 2021 of 100 % , same as in Q4 2020 . In April WilForce was fixed on a 12 months charter party with an estimated EBITDA contribution of USD 18 million over the period ● ● KEY FINANCIAL FIGURES ¹ ) W In USD millions , unless stated otherwise Freight income Voyage related expenses EBITDA AWILCO LNG Covid - 19 still entails that crew changes are more challenging and costly than normal . Outside cost the pandemic has not negatively impacted the operational performance of the vessels . Net profit / ( loss ) Total assets Total equity Gross interest - bearing debt Cash and cash equivalents Book equity ratio ( in % ) FIRST QUARTER 2021 RESULTS Q1 2021 17.6 1.4 12.7 6.9 352.7 106.4 244.0 13.3 30.2 % ¹ Please refer to definitions in Appendix A for descriptions of alternative performance measures Q4 2020 12.8 1.6 7.3 1.2 352.6 99.5 248.7 12.6 28.2 % Jon Skule Storheill , Chief Executive Officer , commented : " I am pleased to report that the Company managed to take advantage of the strong winter market and deliver a TCE of USD 90k per day in Q1 , the highest quarterly average TCE in the history of the Company . Further we have entered a 12 months ' Time Charter Contract on our vessel WilForce which secure positive cash flow and strengthening of the Company's financial position over the period . Demand for LNG is rising as consumers are becoming more aware of its environmental benefits vs primarily coal as well as an expected rebound in freight demand as the pandemic softens its grip on the global economy , which provides further potential upside for the Company . " AWILCO LNG ASA INTERIM FINANCIAL REPORT FIRST QUARTER 2021 1/10 2020 35.6 5.0 18.1 ( 7.9 ) 352.6 99.5 248.7 12.6 28.2 %