BW LPG Limited

BWLPG

Equity

ISIN SGXZ69436764 / Valor 136291150

Oslo Stock Exchange (2025-11-21)

NOK 126.70-3.13%

BW LPG Limited
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About company

BW LPG Limited is a prominent player in the global liquefied petroleum gas (LPG) market, primarily recognized for its extensive fleet of Very Large Gas Carriers (VLGCs), which boast a combined carrying capacity exceeding 3 million cubic meters. With over fifty years of experience in LPG shipping, the company not only excels in maritime transportation but also engages in LPG trading and is expanding its involvement in terminal infrastructure and distribution. This integrated approach allows BW LPG to provide comprehensive services across the LPG value chain, ensuring efficient and reliable delivery of cleaner-burning LPG to international markets. As a leader in the LPG shipping sector, BW LPG continues to enhance its capabilities in both shipping and shore-based operations.

Summarized from source with an LLMView SourceSector: Energy

Shipping Revenue Growth

The company's Time Charter Equivalent (TCE) income from shipping increased by 3% in Q2 2025, reaching US$152.7 million compared to US$148.6 million in Q2 2024. This growth reflects BW LPG Limited's continued strength in its shipping operations.

Decline in Profitability

Profit after tax for Q2 2025 decreased by 49% to US$43.4 million from US$84.9 million in Q2 2024. Additionally, the profit attributable to equity holders fell by 55%, highlighting challenges in maintaining profitability despite higher shipping revenues.

Cash Flow and Capital Expenditures

Net cash from operating activities surged by 79% to US$94.7 million in Q2 2025 versus US$52.8 million in Q2 2024. However, capital expenditures increased markedly, resulting in a significant reduction in adjusted free cash flow by 75% to US$13.4 million.

Financial Ratios Deteriorate

Key financial ratios saw substantial declines, with Return on Equity (ROE) dropping by 56% to 9.1% and Return on Capital Employed (ROCE) decreasing by 55% to 7.7% in Q2 2025 compared to Q2 2024. The net leverage ratio also surged by 158% to 30.7, indicating increased financial risk.

Shareholder and Market Metrics

Despite the financial challenges, BW LPG Limited's share price saw a modest increase of 4% to USD 11.8, and the market capitalization rose to USD 1,790.4 million. The company declared a dividend of US$0.22 per share for Q2 2025.

Summarized from source with an LLMView Source

Key figures

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Performance

43.4%1Y

43.1%3Y

43.1%5Y

Volatility