Excelerate completes NFE Jamaica acquisition; acquired business lost $79M in 2024

Excelerate Energy, Inc.

NFE Jamaica had $357.5M revenue but $19.1M operating loss and $79.3M net loss for FY2024.
Acquired operations include LNG regasification terminals and power facility in Jamaica.
Total liabilities of $590M exceeded assets of $582M, with $206M in debt and $206M in related-party liabilities.
$32.8M aged receivable from Jamalco remains outstanding; collection risk noted.
Pro forma financials filed reflect combined impact of acquisition completed May 14, 2025.

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