Stabilis Solutions, Inc.

Welcome to the Sibyllous Solutions second quarter 2025 earnings conference call. At this time, all participants have been placed in a listen-only mode, and the floor will be open for your questions following the presentation. If you would like to ask a question at that time, please press star one on your telephone keypad. If at any point your question has been answered, you may remove yourself from the queue by pressing star two. So others can hear your questions clearly, we ask that you pick up your handsets for best sound quality. Lastly, if you should require operator assistance, please press star zero. I would now like to turn the call over to Andy Pujala, Chief Financial Officer. Mr. Pujala, please go ahead.

Good morning, and welcome to Sibyllous Solutions second quarter 2025 results conference call. I'm Andy Pujala, Senior Vice President and CFO of Sibyllous, and joining me today is our Executive Chairman and interim President and CEO, Casey Crenshaw. We used to do press release after the market closed yesterday, detailing our second quarter operational and financial results. This release is publicly available in the investor relations section of our corporate website at -solutions.com. Before we begin, I'd like to remind everyone that today's conference call will contain forward-looking statements within the meaning of the Private Securities Reform Act of 1995 and other securities laws. These forward-looking statements are based on the company's expectations and beliefs as of today, August 7, 2025. The forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected. The company undertakes no obligation to provide updates or revisions to the forward-looking statements made in today's call. Additional information concerning factors that could cause those differences is contained in our filings to the SEC and in the press release announcing our results. Investors are cautioned not to place undue reliance on any forward-looking statements. Further, please note that we may refer to certain non-GAAP financial information on today's call. You can find reconciliations of the non-GAAP financial measures to the most comparable GAAP measures in our earnings press release. Today's call is being recorded and will be available for replay. With that, I'll hand the call over to Casey Crenshaw for his remarks. Thank you, Andy, and good morning to everyone joining us on the call. During the second quarter, our teams were sharply focused on operational execution and deepening our customer relationships within our marine, aerospace, and power generation end markets, which, as we discussed before, are the most promising long-term growth opportunities for the company. Commercial discussions with both new and long-standing customers are progressing well in all three end markets. We are working to secure long-term customer commitments needed to grow the business and allow us to make investment decisions on capacity expansion. During the quarter, we saw revenue and FTA decrease year over year, primarily due to the successful completion of a large short-duration industrial project last

year.