Stabilis Solutions, Inc. New Standards Disclosure

Recent Accounting Pronouncements

In July 2025, the Financial Accounting Standards Board ("FASB") issued ASU 2025-05, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivables and Contract Assets". Under ASU 2025-05, which provides a practical expedient related to the estimation of expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under ASC 606. The ASU is effective for companies for annual reporting periods beginning after December 15, 2025. The requirements should be applied prospectively. Although early adoption is permitted, the Company is assessing the impact of this standard and will adopt the pronouncement when the pronouncement becomes effective on January 1, 2026. The Company does not expect the adoption of ASU 2025-05 to have a significant impact on its consolidated financial statements.

In November 2024, the Financial Accounting Standards Board ("FASB") issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses". Under ASU 2024-03 companies are required to disclose disaggregated information about certain costs and expenses in the notes to the financial statements. The amendments in this update require disaggregated disclosure of income statement expense captions into specific categories within the footnotes to the financial statements. ASU 2024-03 is effective for companies for annual reporting periods beginning after December 15, 2026. The requirements can be applied either prospectively or retrospectively. Although early adoption is permitted, the Company will adopt the pronouncement when the pronouncement becomes effective on January 1, 2027. The Company does not expect the adoption of ASU 2023-09 to have a significant impact on its consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09 " Income Taxes (Topic 740): Improvements to Income Tax Disclosures," which establishes new income tax disclosure requirements in addition to modifying and eliminating certain existing requirements. Under ASU 2023-09, companies must consistently categorize and provide greater disaggregation of information in the rate reconciliation and further disaggregate income taxes paid. ASU 2023-09 is effective for companies for annual reporting periods beginning after December 15, 2024. The requirements can be applied either prospectively or retrospectively. The Company adopted ASU 2023-09 effective December 31, 2025 on a retrospective basis which did not have a significant impact to its consolidated financial statements. See Notes 11 and 14 for additional tax disclosures required under ASU 2023-09.