Q1 2025 BW LPG Ltd Earnings Call Transcript

May 20, 2025 / 12:00 PM GMT

Release Date Price: €10.17 (-0.10%)

Transcript

Key Points

Positve

BW LPG Ltd (BWLP) reported a TC income of $39,800 per available day, exceeding their guidance of $36,000 per day.
The company declared dividends of $0.28 per share, translating to an annualized dividend yield of 10%.
BW LPG Ltd (BWLP) successfully concluded a Japanese Joelco lease for one vessel and is in the final stages of refinancing a $380 million bank loan.
The company reactivated its share buyback program, which positively impacted the share price.
BW LPG Ltd (BWLP) achieved a TCE per calendar day of $38,800, demonstrating strong performance in a volatile market.

Negative

BW LPG Ltd (BWLP) reported a net loss after tax of $12.5 million for the first quarter due to a downward adjustment in the valuation of unrealized positions.
The company decided to discontinue its involvement in the LPG import terminal outside Mumbai due to increased geopolitical risks.
The US-China tariff war led to a halt in US-China LPG trade, causing freight rates to stumble.
The company faced a gross loss of $4 million in its product services segment due to market valuation changes.
BW LPG Ltd (BWLP) experienced a sharp drop in spot rates from $40,000 per day to $10,000 per day within three days due to Chinese import tariffs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

BWLPG.OL - BW LPG Ltd
Q1 2025 BW LPG Ltd Earnings Call
May 20, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone. Good morning, good afternoon, good evening. A warm welcome to BW LPG's Q1 2025 earnings presentation.

My name is Aleen Endlicher, and I'm the head of corporate communications at BW LPG.

Today's presentation will be given by our CEO Christian Sorensen and our CFO, Samantha Xu.

After the presentation, we will have a Q&A session.

The questions can be put into the Q&A chat during the presentation, or you can raise your hand and ask your question directly once we move to the Q&A part.

Before we begin, I would like to highlight the legal disclaimers displayed on the current slide.

Please also note that today's call is being recorded.

And without further ado, I

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