Singapore, 17 July 2025
BW LPG Limited ("BW LPG" or the "Company", OSE ticker code: "BWLPG.OL", NYSE
ticker code: "BWLP") today provides an update on its Product Services' ("BW
Product Services") Q2 2025 segment performance.
For the quarter ended 30 June 2025, BW Product Services achieved a realised gain
of USD 5 million from our cargo and freight operations. After accounting for the
unrealised mark-to-market change of positive USD 10 million from our open cargo
contracts and hedging transactions, we ended the quarter with a gross trading
result of approximately USD 15 million.
After general and administrative expenses and income taxes, BW Product Services
reported an estimated result of approximately USD 5 million for the quarter.
The average Value-At-Risk (VAR) for the quarter was approximately USD 8 million.
BW LPG will release its Q2 2025 financial report on 26 August 2025.
Says Kristian Sørensen, Chief Executive Officer, "Amid ongoing macro
uncertainties and market volatility driven by tariff developments, our Product
Services team continued to perform well, delivering positive realised results
that contribute to the dividend capacity. This reflects the team's disciplined
approach and effective risk management in navigating a challenging quarter."
For further information, please contact:
Kristian Sørensen
Chief Executive Officer
Samantha Xu
Chief Financial Officer
E-mail: investor.relations@bwlpg.com
About BW LPG
BW LPG is the world's leading owner and operator of LPG vessels, owning and
operating a fleet of more than 50 Very Large Gas Carriers (VLGCs) with a total
carrying capacity of over 4 million CBM. With five decades of operating
experience in LPG shipping, an in-house LPG trading division and investment in
LPG downstream distribution, BW LPG offers an integrated, flexible, and reliable
service to customers along the LPG value chain. Delivering energy for a better
world - more information about BW LPG can be found at https://www.bwlpg.com.
BW LPG is associated with BW Group, a leading global maritime company involved
in shipping, floating infrastructure, deepwater oil & gas production, and new
sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of
over 450 vessels transporting oil, gas and dry commodities, with its 200 LNG and
LPG ships constituting the largest gas fleet in the world. In the renewables
space, the group has investments in solar, wind, batteries, and water treatment.