BW LPG Ltd

Performance overview:

For the quarter ended 30 September 2026, BW Product Services achieved a realised trading result of US$146 million from our portfolio of cargo, freight and hedging transactions. After accounting for the positive unrealised mark-to-market movement of US$18 million from our open cargo contracts and hedging transactions, BW Product Services reported a gross trading result of approximately US$164 million for the quarter.

After general and administrative expenses and income taxes, the estimated net profit was approximately US$118 million for the quarter.

The average Value-At-Risk (VAR) for Q3 was approximately US$18 million, reflecting a sustained period of heightened market volatility across our core product exposures.

Says Kristian Sørensen, Chief Executive Officer, “Despite continued geopolitical uncertainty and volatile LPG market conditions, BW Product Services delivered a strong result in Q3. This brings the year-to-date Q3 realised trading result to approximately US$263 million. BW Product Services is well positioned to continue capitalising on the current market, thanks to the active risk management.”