BW LPG Limited (OSL:BWLPG)
Norway flag Norway · Delayed Price · Currency is NOK
235.20
+5.40 (2.35%)
Oct 23, 2026, 4:25 PM CEST

BW LPG Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
3,5273,5823,5642,9471,5581,241
Revenue Growth
-0.78%0.52%20.91%89.16%25.52%52.93%
Gross Profit
889.01630.79683.32757.69438.19337.97
Operating Income
543.88291.91411.34482.04247.67154.48
Net Income
445.72242.31354.3469.96227.4184.82
Earnings Per Share
2.951.602.643.531.681.33
EPS Growth
96.41%-39.39%-25.21%110.12%26.30%-24.60%

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Shipping
1,1961,0811,0411,419920.66687.53
Inter-segment Elimination
-88.18-89.9-128.19-306.74-90.31-57.35
Product Services
2,4192,5912,6501,835727.78611.17
Total
3,5273,5823,5642,9471,5581,241

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
306.15255.32282.45290.82287.79135.92
Total Debt
932.63990.241,173570.19705.86874.83
Net Cash (Debt)
-626.48-734.93-890.85-279.37-418.07-738.91
Net Cash Growth
------
Net Cash Per Share
-4.13-4.84-6.64-2.10-3.09-5.32

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
677.8567.4749.14513.36505.3307.3
Capital Expenditures
-49.4-182.3-602.01-116.05-46.19-187.34
Free Cash Flow
628.41385.11147.13397.32459.11119.97
Free Cash Flow Growth
-161.74%-62.97%-13.46%282.69%-63.92%

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
25.21%17.61%19.17%25.71%28.12%27.23%
Operating Margin
15.42%8.15%11.54%16.36%15.90%12.45%
Pretax Margin
15.11%8.48%11.92%17.10%15.38%15.06%
Profit Margin
12.64%6.76%9.94%15.95%14.59%14.89%
FCF Margin
17.82%10.75%4.13%13.48%29.47%9.66%

Dividends

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Dividend Per Share
13.7211.4702.4203.4601.2800.560
Dividend Per Share Growth
74.09%-39.26%-30.06%170.31%128.57%-33.33%
Dividend Yield
5.83%11.23%21.94%21.79%16.64%9.84%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingOct '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
8.068.184.724.434.514.22
Forward PE
6.547.908.094.685.744.84
P/FCF Ratio
5.605.1511.365.242.246.50
PS Ratio
1.000.550.470.710.660.63