BW LPG's Product Services Achieves USD 5 Million Q2 2025 Result Amidst Market Volatility

BW LPG Limited reported a realized gain of $5 million for its Product Services segment in Q2 2025, with a gross trading result of approximately $15 million. After expenses and income taxes, the segment reported an estimated result of $5 million. The average Value-At-Risk was approximately $8 million. BW LPG will release its Q2 2025 financial report on August 26, 2025.

Title: BW LPG Limited Reports Strong Q2 2025 Performance for Product Services Segment

SINGAPORE, July 2, 2025 — BW LPG Limited (“BW LPG” or the “Company”), a leading global maritime company, has provided an update on its Product Services’ (“BW Product Services”) Q2 2025 segment performance. The company reported a realized gain of USD 5 million from its cargo and freight operations. After accounting for the unrealised mark-to-market change of positive USD 10 million from its open cargo contracts and hedging transactions, BW Product Services ended the quarter with a gross trading result of approximately USD 15 million [1].

After general and administrative expenses and income taxes, the segment reported an estimated result of approximately USD 5 million for the quarter. The average Value-At-Risk (VAR) for the quarter was approximately USD 8 million [1].

Kristian Sørensen, Chief Executive Officer of BW LPG, commented on the performance, stating, "Amid ongoing macro uncertainties and market volatility driven by tariff developments, our Product Services team continued to perform well, delivering positive realised results that contribute to the dividend capacity. This reflects the team’s disciplined approach and effective risk management in navigating a challenging quarter" [1].

BW LPG owns and operates a fleet of more than 50 Very Large Gas Carriers (VLGCs) with a total carrying capacity of over 4 million CBM. The company is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies [1].

BW LPG will release its Q2 2025 financial report on 26 August 2025. For further information, please contact:

- Kristian Sørensen, Chief Executive Officer
- Samantha Xu, Chief Financial Officer
- E-mail: investor.relations@bwlpg.com

References:
[1] https://www.businesswire.com/news/home/20250716574477/en/BW-LPG-Limited---Update-on-BW-LPGs-Product-Services-Q2-2025-Segment-Performance