BW LPG Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,582	3,564	2,947	1,558	1,241
Revenue Growth (YoY)	0.52%	20.91%	89.16%	25.52%	52.93%
Cost of Revenue	2,951	2,879	2,159	1,104	893.98
Gross Profit	631.46	684.36	788.4	454.62	347.38
Selling, General & Admin	76.5	71.13	56.77	31.92	32.58
Depreciation & Amortization Expenses	255.93	202.18	217.88	159.43	154.2
Other Operating Expenses	50.93	24.73	73.33	40.41	84.08
Total Operating Expenses	383.35	298.04	347.99	231.75	270.86
Operating Income	348.05	433.69	523.73	270.83	223.56
Total Non-Operating Income (Expense)	65.89	36.66	39.32	33.44	45.97
Pretax Income	303.91	424.96	503.96	239.65	186.94
Provision for Income Taxes	-14.2	-30.1	-10.97	-1.07	-0.52
Net Income	242.31	354.3	469.96	227.4	184.82
Minority Interest in Earnings	47.4	40.57	23.04	11.18	1.6
Net Income to Common	242.31	354.3	469.96	227.4	184.82
Net Income Growth	-31.61%	-24.61%	106.67%	23.04%	-24.21%
Shares Outstanding (Basic)	151	134	132	135	139
Shares Outstanding (Diluted)	152	134	133	135	139
Shares Change (YoY)	13.20%	0.87%	-1.76%	-2.54%	0.29%
EPS (Basic)	1.60	2.65	3.57	1.69	1.33
EPS (Diluted)	1.60	2.64	3.53	1.68	1.33
EPS Growth	-39.39%	-25.21%	110.12%	26.32%	-24.43%
Free Cash Flow	387.81	147.13	397.32	475.14	135.93
Free Cash Flow Growth	163.58%	-62.97%	-16.38%	249.54%	-59.12%
Free Cash Flow Per Share	2.55	1.10	2.99	3.51	0.98
Dividends Per Share	-	2.420	3.460	1.280	0.560
Dividend Growth	-	-30.06%	170.31%	128.57%	-33.33%
Gross Margin	17.63%	19.20%	26.75%	29.18%	27.98%
Operating Margin	9.72%	12.17%	17.77%	17.38%	18.01%
Profit Margin	8.09%	11.08%	16.73%	15.31%	15.02%
FCF Margin	10.83%	4.13%	13.48%	30.49%	10.95%
EBITDA	603.98	635.87	741.61	430.26	377.76
EBITDA Margin	16.86%	17.84%	25.16%	27.61%	30.43%
EBIT	348.05	433.69	523.73	270.83	223.56
EBIT Margin	9.72%	12.17%	17.77%	17.38%	18.01%
Effective Tax Rate	-4.67%	-7.08%	-2.18%	-0.45%	-0.28%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q