BW LPG Limited provided an update on its Product Services’ (“BW Product Services”) Q4 2025 segment performance.

For the quarter ending 31 December 2025, BW Product Services achieved a gross profit of approximately USD 27 million. This gross profit comprises of a realised gain of USD 12 million from our portfolio of cargo, freight and hedging transactions, and a positive unrealised mark-to-market change of USD 15 million from our open cargo contracts and hedging transactions.

After general and administrative expenses and income taxes, BW Product Services reported a net profit of approximately USD 23 million for the quarter. The reported net profit includes accruals for personnel costs which may change subject to Board approvals.

Besides the positive realised trading result, the overall dividend capacity will be determined by net profit after tax, cash flow and other commercial considerations.

The average Value-At-Risk (VAR) for the quarter was approximately USD 3 million.

BW LPG will release its Q4 2025 financial report on 3 March 2026.

Says Kristian Sørensen, Chief Executive Officer, “We are pleased to report a strong finish to fiscal year 2025 for our Product Services segment, highlighted by the realised gain of USD 12 million from the completed trading portfolio in the fourth quarter, bringing the full-year realised trading result to approximately USD 66 million, before deducting general and administrative expenses and income taxes. As we transition into fiscal year 2026, we remain committed to maintaining a well-balanced trading portfolio, guided by disciplined risk management as we navigate the ongoing macroeconomic and geopolitical uncertainty and market volatility.”
Source: BW LPG Limited