BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) provides an update on its Product Services’ (“BW Product Services”) Q3 2026 segment performance.

Q3 2026 highlights:

•Gross trading result: US$164 million

•This includes:

-Realised trading result of US$146 million

-Positive unrealised mark-to-market movement of US$18 million

•Net profit after general and administrative expenses and income taxes: US$118 million

•Average Value-At-Risk (VaR): US$18 million

•The trading result will form part of the BW LPG Q3 2026 results, which will be released on 24 November 2026

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.”

BW LPG press release