BWLPG: Shipping income rose but profits fell on trading losses; leverage and liquidity improved
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Q3 2025 saw higher shipping income and stable fleet operations, but profits declined year-over-year due to significant unrealised losses in Product Services and increased expenses. The company maintained strong liquidity, reduced leverage, and continued dividend payouts, while navigating volatile LPG markets and executing strategic fleet transactions.
Original document: BW LPG Limited [BWLPG] Interim report — Dec. 2 2025
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