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BWLP on NYSE

BW LPG Ltd

Public company limited by shares1

In its 2026 annual report (Form 20-F) the company says: “BW LPG is a leading owner and operator of VLGCs based on the number of VLGCs as of December 2025 (source: Clarksons, January 2026). Today, the BW Group is a global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies.”4 Its shares trade on NYSE under the symbol BWLP.1

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Last updated Oct 21, 2026.

Overview

$289.7MNet income, fiscal 20252

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  • TickerBWLP on NYSE1
  • IndustryTransportation Services1
  • HeadquartersU01
  • Incorporated inSingapore3
  • Business address10 Pasir Panjang Road, #17-02, Mapletree Business City3
  • Filer categoryLarge accelerated filer3

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The Company’s legal name is “BW LPG Limited.” The Company is a public company limited by shares. The principal legislation under which the Company operates is the Singapore Companies Act and regulations made thereunder.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

15.0%Return on equity2
0.38×Debt to equity2
$385.1MFree cash flow2

Financial statements

Operating income52$348.0M in 2025+29% since 2022
0$200.0M$400.0M$600.0M2022: $270.8M$270.8M20222023: $523.7M$523.7M2023+93%2024: $433.7M$433.7M2024−17%2025: $348.0M$348.0M2025−20%
Net income52$289.7M in 2025+21% since 2022
0$200.0M$400.0M$600.0M2022: $238.6M$238.6M20222023: $493.0M$493.0M2023+107%2024: $394.9M$394.9M2024−20%2025: $289.7M$289.7M2025−27%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenue - Shipping$1.0B$962.8M$1.2B
Revenue - Product Services$2.6B$2.6B$1.7B
Cost of cargo and delivery expenses - Product Services-$2.5B-$2.4B-$1.5B
Voyage expenses - Shipping-$348.2M-$383.8M-$509.3M
Vessel operating expenses-$126.3M-$85.0M-$82.2M
Time charter contracts (non-lease components)-$15.2M-$19.7M-$20.4M
General and administrative expenses-$76.5M-$71.1M-$56.8M
Charter hire expenses-$667.0K-$1.0M-$30.7M
Fair value (loss)/gain from equity financial asset-$1.2M$1.3M
Finance lease income$895.0K$635.0K$278.0K
Other operating (expense)/income - net-$6.5M$1.3M-$993.0K
Depreciation-$255.6M-$201.3M-$217.1M
Amortisation of intangible assets-$368.0K-$843.0K-$762.0K
Gain on disposal of vessels$56.7M$20.4M$42.4M
Loss on derecognition of right-of-use assets-$289.0K-$961.0K
Operating profit$348.0M$433.7M$523.7M
Foreign currency exchange gain/(loss) - net$1.6M-$1.7M-$345.0K
Interest income$9.3M$15.6M$10.1M
Interest expense-$53.0M-$19.8M-$27.3M
Other finance expenses-$2.0M-$2.8M-$2.2M
Finance expenses - net-$44.1M-$8.7M-$19.8M
Profit before tax$303.9M$425.0M$504.0M
Income tax expense-$14.2M-$30.1M-$11.0M
Equity investments at FVOCI - fair value loss-$11.4M-$7.0M
Cash flow hedges - fair value (loss)/gain-$6.6M$62.8M-$102.3M
Cash flow hedges - reclassification to profit or loss-$4.0M-$21.5M$50.0M
Currency translation reserve$2.2M-$1.0M$2.3M
Other comprehensive (loss)/income, net of tax-$19.8M$33.3M-$50.0M
Total comprehensive income$269.9M$428.2M$443.0M
Equity holders of the Company$242.3M$354.3M$470.0M
Non-controlling interests$47.4M$40.6M$23.0M
Profit after tax$289.7M$394.9M$493.0M
Equity holders of the Company$222.1M$387.8M$418.8M
Non-controlling interests$47.8M$40.4M$24.2M
Basic earnings per share (US$ per share)$1.60$2.65$3.57
Diluted earnings per share (US$ per share)$1.60$2.64$3.53

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Corporate structure

BW LPG Ltd sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of BW LPG Ltd

  • HEMEN HOLDING LTD Filed SCHEDULE 13G/A on BW LPG Ltd, latest Oct 8, 2026 (3 filings since Mar 21, 2025)
  • Folketrygdfondet Filed SCHEDULE 13G/A on BW LPG Ltd, latest May 13, 2026 (3 filings since Nov 13, 2024)
  • BW Group Ltd Filed SC 13G on BW LPG Ltd, latest Nov 13, 2024
  • BW LPG Ltd U0

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What BW LPG Ltd reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$116.7M2 Dec 31, 2025$216.3M2 Dec 31, 2024−46.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$242.0M2 Dec 31, 2025$279.7M2 Dec 31, 2024−13.5%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$356.0K2 Dec 31, 2025$636.0K2 Dec 31, 2024−44.0%

Inventory

ItemLatestA year beforeChange
Inventory, total$123.9M2 Dec 31, 2025$76.7M2 Dec 31, 2024+61.5%

Leadership

Who has led BW LPG Ltd, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kristian Sorensen2026–now

Chief financial officer

  1. Xu Samantha Wei2026–now
Board members and other officers (9)

Timeline

  1. Mar 17, 2026New chief executive Kristian Sorensen becomes CEO6

Calendar

Coming up

  1. Nov 23, 2026 · Before the openReports results for the quarter ending Sep/202617

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

132 filings to the SEC since October 2021: 2 annual reports, 11 insider forms, 7 large holders, 112 other. The latest 20:

  1. Oct 8, 2026SCHEDULE 13G/A EDGAR
  2. Sep 8, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Sep 2, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  4. Sep 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Aug 28, 20266-K EDGAR
  6. Aug 25, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. Aug 14, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  8. Jul 20, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  9. Jul 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  10. Jul 10, 20266-K EDGAR
  11. Jun 11, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Jun 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  13. Jun 3, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  14. Jun 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  15. May 29, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  16. May 19, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. May 13, 2026SCHEDULE 13G/A EDGAR
  18. May 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  19. May 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  20. Apr 16, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR

The 132 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • HEMEN HOLDING LTDSCHEDULE 13G/A, 3 filings Mar 21, 2025 to Oct 8, 202618
  • FolketrygdfondetSCHEDULE 13G/A, 3 filings Nov 13, 2024 to May 13, 202619
  • BW Group LtdSC 13G, 1 filing Nov 13, 202420

SEC filer profile

How BW LPG Ltd is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARBW LPG Ltd1
  • CIK0001649313
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inSingapore4
  • Fiscal year endsDecember 311
  • Industry code (SIC)4700 Transportation Services1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address10 Pasir Panjang Road, #17-02, Mapletree Business City, Singapore1
  • Phone65 6705 55881
  • Shares outstanding151,342,653 shares as of Dec 31, 20254
  • AuditorKPMG LLP, Singapore, Singapore PCAOB ID 1051; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceJul 28, 20151
  • Filings149 in all: 6-K (98), 425 (15), 3 (13), SCHEDULE 13G/A (4), 20-F (2), CORRESP (2), DRS (2), DRSLTR (2)1
    All 17 form types

    SC 13G (2), UPLOAD (2), 20FR12B (1), CERT (1), DRS/A (1), F-3ASR (1), S-8 (1), SCHEDULE 13G (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (20-F) Mar 31, 2026

Securities registered for trading

ClassSymbolExchange
Ordinary shares, no par value per shareBWLPNew York Stock Exchange

From the cover page of the 20-F filed Mar 31, 2026 (Section 12(b) of the Exchange Act).4

Sources

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