Aug. 26 at 10:35 AM
$BWLP Very strong ER
Financial Highlights
Net Profit After Tax (NPAT): US
$43 million
Profit Attributable to Equity Holders: US
$35 million
Earnings Per Share (EPS): US
$0.23
Annualised Return on Equity: 9%
Liquidity: US
$708 million
Net Leverage Ratio: 30.7% (down from 31.2%)
Shipping Performance
TCE Income: US
$38,800 per available day
US
$37,300 per calendar day
Above guidance of US
$35,000/day
Fleet Utilisation: 94%
Q2 TCE Income: US
$153 million (including US
$31 million from BW LPG India)
Q3 2025 Outlook: ~90% of available days fixed at ~US
$53,000/day
Dividends
Declared Dividend: US
$0.22 per share
Payout Ratio: 110% of Shipping NPAT
Annualised Dividend Yield: 5%
Fleet & Financing
New Vessel: BW Yushi delivered in June for US
$69 million
Financing Secured: US
$380 million for Avance Gas fleet
US
$215 million for BW LPG India (refinancing + 2 new VLGCs)
