BW LPG Limited (OSL:BWLPG)
Norway flag Norway · Delayed Price · Currency is NOK
233.80
+2.60 (1.12%)
Sep 11, 2026, 4:25 PM CET

BW LPG Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 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 YearTTMFY 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 YearCurrentFY 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 YearTTMFY 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 YearTTMFY 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 YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '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
6.22%12.49%27.29%35.54%34.00%22.93%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
8.018.184.724.434.514.22
Forward PE
7.587.908.094.685.744.84
P/FCF Ratio
5.705.1511.365.242.246.50
PS Ratio
1.020.550.470.710.660.63