BWLP on NYSE
BW LPG Ltd
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Last updated Oct 16, 2026.
Overview
$289.7MNet income, fiscal 20252
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue - Shipping | $1.0B | $962.8M | $1.2B |
| Revenue - Product Services | $2.6B | $2.6B | $1.7B |
| Cost of cargo and delivery expenses - Product Services | -$2.5B | -$2.4B | -$1.5B |
| Voyage expenses - Shipping | -$348.2M | -$383.8M | -$509.3M |
| Vessel operating expenses | -$126.3M | -$85.0M | -$82.2M |
| Time charter contracts (non-lease components) | -$15.2M | -$19.7M | -$20.4M |
| General and administrative expenses | -$76.5M | -$71.1M | -$56.8M |
| Charter hire expenses | -$667.0K | -$1.0M | -$30.7M |
| Fair value (loss)/gain from equity financial asset | -$1.2M | $1.3M | |
| Finance lease income | $895.0K | $635.0K | $278.0K |
| Other operating (expense)/income - net | -$6.5M | $1.3M | -$993.0K |
| Depreciation | -$255.6M | -$201.3M | -$217.1M |
| Amortisation of intangible assets | -$368.0K | -$843.0K | -$762.0K |
| Gain on disposal of vessels | $56.7M | $20.4M | $42.4M |
| Loss on derecognition of right-of-use assets | -$289.0K | -$961.0K | |
| Operating profit | $348.0M | $433.7M | $523.7M |
| Foreign currency exchange gain/(loss) - net | $1.6M | -$1.7M | -$345.0K |
| Interest income | $9.3M | $15.6M | $10.1M |
| Interest expense | -$53.0M | -$19.8M | -$27.3M |
| Other finance expenses | -$2.0M | -$2.8M | -$2.2M |
| Finance expenses - net | -$44.1M | -$8.7M | -$19.8M |
| Profit before tax | $303.9M | $425.0M | $504.0M |
| Income tax expense | -$14.2M | -$30.1M | -$11.0M |
| Equity investments at FVOCI - fair value loss | -$11.4M | -$7.0M | |
| Cash flow hedges - fair value (loss)/gain | -$6.6M | $62.8M | -$102.3M |
| Cash flow hedges - reclassification to profit or loss | -$4.0M | -$21.5M | $50.0M |
| Currency translation reserve | $2.2M | -$1.0M | $2.3M |
| Other comprehensive (loss)/income, net of tax | -$19.8M | $33.3M | -$50.0M |
| Total comprehensive income | $269.9M | $428.2M | $443.0M |
| Equity holders of the Company | $242.3M | $354.3M | $470.0M |
| Non-controlling interests | $47.4M | $40.6M | $23.0M |
| Profit after tax | $289.7M | $394.9M | $493.0M |
| Equity holders of the Company | $222.1M | $387.8M | $418.8M |
| Non-controlling interests | $47.8M | $40.4M | $24.2M |
| Basic earnings per share (US$ per share) | $1.60 | $2.65 | $3.57 |
| Diluted earnings per share (US$ per share) | $1.60 | $2.64 | $3.53 |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Intangible assets | $356.0K | $636.0K | |
| Investment in joint venture | $301.0K | $301.0K | |
| Equity financial assets, at FVOCI | $23.1M | ||
| Derivative financial instruments | $3.1M | $7.5M | |
| Finance lease receivables | $10.3M | $2.9M | |
| Other receivables | $3.8M | $8.0M | |
| Deferred tax assets | $5.3M | $1.6M | |
| Total other non-current assets | $22.8M | $43.4M | |
| Vessels and dry docking | $2.4B | $2.4B | |
| Right-of-use assets | $116.7M | $216.3M | |
| Other property, plant and equipment | $433.0K | $354.0K | |
| Property, plant and equipment | $2.5B | $2.6B | |
| Total non-current assets | $2.5B | $2.6B | |
| Inventories | $123.9M | $76.7M | |
| Trade and other receivables | $231.2M | $202.9M | |
| Equity financial assets, at FVOCI | $11.7M | ||
| Equity financial assets, at FVPL | $1.6M | $2.8M | |
| Derivative financial instruments | $26.0M | $74.6M | |
| Finance lease receivables | $7.2M | $8.3M | |
| Assets held-for-sale | $33.0M | $44.3M | |
| Cash and cash equivalents | $242.0M | $279.7M | |
| Total current assets | $643.6M | $677.9M | |
| Total assets | $3.1B | $3.3B | |
| Share capital | $619.9M | $619.9M | |
| Treasury shares | -$50.4M | -$48.4M | |
| Other reserves | $655.3M | $667.8M | |
| Retained earnings | $605.2M | $565.8M | |
| Shareholders' equity | $1.8B | $1.8B | |
| Non-controlling interests | $95.6M | $132.5M | |
| Total shareholders' equity | $1.9B | $1.9B | $1.6B |
| Borrowings | $730.4M | $711.7M | |
| Lease liabilities | $72.8M | $60.6M | |
| Derivative financial instruments | $411.0K | $569.0K | |
| Total non-current liabilities | $803.6M | $772.8M | |
| Borrowings | $122.7M | $230.3M | |
| Lease liabilities | $64.3M | $170.7M | |
| Derivative financial instruments | $24.4M | $25.5M | |
| Current income tax liabilities | $1.5M | $14.5M | $8.1M |
| Trade and other payables | $207.8M | $169.1M | |
| Total current liabilities | $420.7M | $610.1M | |
| Total liabilities | $1.2B | $1.4B | |
| Total shareholders' equity and liabilities | $3.1B | $3.3B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Profit before tax | $303.9M | $425.0M | $504.0M |
| - amortisation of intangible assets | $368.0K | $843.0K | $762.0K |
| - depreciation | $255.6M | $201.3M | $217.1M |
| - gain on disposal of vessels | -$56.7M | -$20.4M | -$42.4M |
| - loss on derecognition of right-of-use assets | $289.0K | $961.0K | |
| - interest income | -$9.3M | -$15.6M | -$10.1M |
| - interest expense | $53.0M | $19.8M | $27.3M |
| - other finance expense | $4.5M | $3.9M | $1.7M |
| - share-based payments | $1.8M | $2.0M | $1.7M |
| - finance lease income | -$895.0K | -$635.0K | -$278.0K |
| - fair value loss/(gain) from equity financial asset | $1.2M | -$1.3M | |
| Cash flows from before changes in working capital | $553.7M | $615.0M | $700.8M |
| - inventories | -$47.2M | $111.9M | -$52.7M |
| - trade and other receivables | -$24.5M | $112.7M | -$112.6M |
| - trade and other payables | $41.2M | -$91.1M | $52.7M |
| - derivative financial instruments | $42.9M | -$57.4M | -$3.1M |
| - margin account held with broker | $31.5M | $77.7M | -$66.4M |
| Total changes in working capital | $43.9M | $153.8M | -$182.1M |
| Tax paid | -$30.2M | -$19.6M | -$5.4M |
| Net cash from operating activities | $567.4M | $749.1M | $513.4M |
| Additions in property, plant and equipment | -$182.3M | -$602.0M | -$116.0M |
| Additions in intangible assets | -$88.0K | -$237.0K | -$634.0K |
| Purchase of equity financial asset | -$30.2M | ||
| Proceeds from sale of vessels | $125.2M | $64.7M | $167.6M |
| Investment in joint venture | -$301.0K | ||
| Repayment of finance lease receivables | $7.5M | $7.9M | $7.8M |
| Interest received | $10.2M | $16.3M | $10.1M |
| Sale of equity financial asset | $2.3M | ||
| Net cash (used in)/from investing activities | -$39.4M | -$541.2M | $68.6M |
| Proceeds from bank borrowings | $1.0B | $610.9M | $72.1M |
| Payment of financing fees | -$4.4M | -$4.4M | |
| Repayments of bank borrowings | -$1.1B | -$197.4M | -$171.7M |
| Payment of lease liabilities | -$101.8M | -$102.8M | -$93.5M |
| Interest paid | -$51.8M | -$17.8M | -$24.9M |
| Other finance expense paid | -$4.5M | -$3.9M | -$1.7M |
| Purchase of treasury shares | -$2.7M | -$100.0K | -$23.7M |
| Sale of treasury shares | $1.1M | ||
| Drawdown of trust receipts | $1.8B | $2.1B | $1.0B |
| Repayment of trust receipts | -$1.8B | -$2.1B | -$989.9M |
| Dividend payment | -$199.9M | -$388.5M | -$405.5M |
| Dividend payment to non-controlling interests | -$41.1M | -$21.7M | -$27.6M |
| Contributions from non-controlling interests | $1.2M | $1.6M | |
| Capital returns to non-controlling interests | -$41.6M | -$4.5M | |
| Net cash used in financing activities | -$534.2M | -$138.1M | -$645.3M |
| Net (decrease)/increase in cash and cash equivalents | -$6.2M | $69.9M | -$63.4M |
Recent filings
- Oct 8, 2026SCHEDULE 13G/A
- Sep 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Sep 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Sep 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Aug 28, 20266-K
- Aug 25, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Aug 14, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Jul 20, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Jul 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Jul 10, 20266-K
- Jun 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Jun 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Jun 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- Jun 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
- May 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARBW LPG Ltd filings on SEC EDGAR
- 2SEC EDGARBW LPG Ltd 10-K for fiscal 2025
- 3SEC EDGARBW LPG Ltd filings on SEC EDGAR
- 4SEC EDGARBW LPG Ltd 10-K for fiscal 2022