BW LPG Limited (BWLP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 842.01M | 732.75M | 954.18M | 1.06B | 906.65M | 817.23M | 814.58M | 882.42M | 1.01B | 937.78M | 699.23M | 457.38M | 873.57M | 562.17M | 302.42M | 340.02M | 292.51M | 181.31M | 156.49M |
| Revenue Growth % | -7.13% | -10.34% | 17.14% | 20.65% | -10.2% | -12.86% | 16.5% | 92.93% | 15.57% | 66.81% | 131.21% | 34.51% | 198.65% | 210.06% | 93.25% | - | - | - | - |
| Cost of Goods Sold | 561.45M | 559.75M | 828.03M | 947.11M | 798.75M | 721.8M | 636.06M | 748.29M | 835.89M | 694.05M | 531.01M | 355.94M | 706.87M | 411.61M | 219.24M | 261.59M | 201.98M | 106.79M | 89.14M |
| COGS % of Revenue | 66.68% | 76.39% | 86.78% | 88.96% | 88.1% | 88.32% | 78.08% | 84.8% | 82.8% | 74.01% | 75.94% | 77.82% | 80.92% | 73.22% | 72.5% | 76.93% | 69.05% | 58.9% | 56.96% |
| Gross Profit | 280.57M | 173M | 126.15M | 117.57M | 107.9M | 95.42M | 178.52M | 134.13M | 173.7M | 243.74M | 168.23M | 101.44M | 166.7M | 150.57M | 83.18M | 78.43M | 90.53M | 74.52M | 67.36M |
| Gross Margin % | 33.32% | 23.61% | 13.22% | 11.04% | 11.9% | 11.68% | 21.92% | 15.2% | 17.2% | 25.99% | 24.06% | 22.18% | 19.08% | 26.78% | 27.5% | 23.07% | 30.95% | 41.1% | 43.04% |
| Gross Profit Growth % | 160.02% | 81.3% | -29.33% | -12.35% | -37.88% | -60.85% | 6.12% | 32.22% | 4.2% | 61.88% | 102.25% | 29.34% | 84.15% | 102.04% | 23.49% | - | - | - | - |
| Operating Expenses | 58.3M | 55.93M | 54.98M | 55M | 58.34M | 50.08M | 36.5M | 45.47M | 42.67M | 56.06M | 42.09M | 46.2M | 46.95M | 51.24M | 34.05M | 35.89M | 37.27M | 38.89M | 38.84M |
| OpEx % of Revenue | 6.92% | 7.63% | 5.76% | 5.17% | 6.44% | 6.13% | 4.48% | 5.15% | 4.23% | 5.98% | 6.02% | 10.1% | 5.37% | 9.12% | 11.26% | 10.56% | 12.74% | 21.45% | 24.82% |
| Selling, General & Admin | 58.3M | 55.93M | 54.98M | 55M | 58.34M | 50.08M | 36.5M | 45.47M | 42.67M | 56.06M | 42.09M | 46.2M | 46.95M | 51.24M | 34.05M | 35.89M | 37.27M | 38.89M | 38.84M |
| SG&A % of Revenue | 6.92% | 7.63% | 5.76% | 5.17% | 6.44% | 6.13% | 4.48% | 5.15% | 4.23% | 5.98% | 6.02% | 10.1% | 5.37% | 9.12% | 11.26% | 10.56% | 12.74% | 21.45% | 24.82% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 222.27M | 117.07M | 71.17M | 62.56M | 49.56M | 45.35M | 142.01M | 88.66M | 131.03M | 187.67M | 126.13M | 55.24M | 119.75M | 99.32M | 49.13M | 42.54M | 53.25M | 35.64M | 28.52M |
| Operating Margin % | 26.4% | 15.98% | 7.46% | 5.88% | 5.47% | 5.55% | 17.43% | 10.05% | 12.98% | 20.01% | 18.04% | 12.08% | 13.71% | 17.67% | 16.24% | 12.51% | 18.21% | 19.66% | 18.22% |
| Operating Income Growth % | 348.47% | 158.17% | -49.88% | -29.43% | -62.17% | -75.84% | 12.59% | 60.49% | 9.42% | 88.95% | 156.75% | 29.86% | 124.87% | 178.72% | 72.26% | - | - | - | - |
| EBITDA | 282.82M | 181.55M | 137.41M | 126.45M | 116.17M | 100.41M | 191.99M | 135.96M | 178.62M | 245.33M | 180.29M | 108.63M | 173.38M | 143.11M | 84.6M | 78.78M | 93.95M | 76.54M | 66.03M |
| EBITDA Margin % | 33.59% | 24.78% | 14.4% | 11.88% | 12.81% | 12.29% | 23.57% | 15.41% | 17.69% | 26.16% | 25.78% | 23.75% | 19.85% | 25.46% | 27.97% | 23.17% | 32.12% | 42.21% | 42.19% |
| EBITDA Growth % | 143.45% | 80.81% | -28.43% | -7% | -34.96% | -59.07% | 6.49% | 25.16% | 3.02% | 71.43% | 113.11% | 37.89% | 84.55% | 86.97% | 28.13% | - | - | - | - |
| D&A (Non-Cash Add-back) | 60.55M | 64.48M | 66.24M | 63.88M | 66.61M | 55.06M | 49.98M | 47.3M | 47.59M | 57.66M | 54.16M | 53.39M | 53.63M | 43.78M | 35.47M | 36.24M | 40.7M | 40.9M | 37.51M |
| EBIT | 221.91M | 142.8M | 74.67M | 61.11M | 86.69M | 47.93M | 145.05M | 94.89M | 156.1M | 189.23M | 128.55M | 85.63M | 135.44M | 106.79M | 49.57M | 46.01M | 67.1M | 71.53M | 39.88M |
| Net Interest Income | -8.17M | -10.95M | -11.32M | -11.06M | -13.38M | -4.26M | -1.64M | -198.33K | -828.28K | -4.23M | -5.73M | -4.38M | -5.09M | -6.08M | -6.5M | -8.32M | -8.73M | -9.5M | -10.24M |
| Interest Income | 1.29M | 1.97M | 2.42M | 2.04M | 3.08M | 3.14M | 3.19M | 4.72M | 4.41M | 2.61M | 2.84M | 3.3M | 1.43M | 930.73K | 216.55K | 701.15K | 72.31K | 44.5K | 161.13K |
| Interest Expense | 9.46M | 12.92M | 13.74M | 13.1M | 16.47M | 7.4M | 4.83M | 4.92M | 5.24M | 6.84M | 8.57M | 7.67M | 6.52M | 7.01M | 6.71M | 9.02M | 8.8M | 9.54M | 10.4M |
| Other Income/Expense | -9.82M | 12.8M | -10.25M | -14.56M | 20.66M | -4.81M | -1.8M | 1.31M | 19.84M | -5.28M | -6.15M | 22.71M | 9.17M | 457.57K | -6.27M | -5.55M | 5.05M | 26.35M | 956.76K |
| Pretax Income | 212.45M | 129.87M | 60.93M | 48.01M | 70.22M | 40.53M | 140.21M | 89.97M | 150.86M | 182.39M | 119.99M | 77.96M | 128.92M | 99.78M | 42.86M | 37M | 58.3M | 61.99M | 29.48M |
| Pretax Margin % | 25.23% | 17.72% | 6.39% | 4.51% | 7.74% | 4.96% | 17.21% | 10.2% | 14.94% | 19.45% | 17.16% | 17.04% | 14.76% | 17.75% | 14.17% | 10.88% | 19.93% | 34.19% | 18.84% |
| Income Tax | 24.41M | 6.87M | 3.55M | 3.7M | 199.82K | 2.05M | 18.32M | 4.49M | 5.26M | 10.34M | 104.87K | 14.95K | 1.1M | 923.45K | 285.37K | 289.77K | -434.86K | -215.59K | 183.15K |
| Effective Tax Rate % | 11.49% | 5.29% | 5.82% | 7.72% | 0.28% | 5.06% | 13.07% | 4.99% | 3.49% | 5.67% | 0.09% | 0.02% | 0.85% | 0.93% | 0.67% | 0.78% | -0.75% | -0.35% | 0.62% |
| Net Income | 164.89M | 104.28M | 57.7M | 35.62M | 48.47M | 29.9M | 105.92M | 77.35M | 137.97M | 161.09M | 110.72M | 78.02M | 124.44M | 95.54M | 39.8M | 34.05M | 56.56M | 61.75M | 28.52M |
| Net Margin % | 19.58% | 14.23% | 6.05% | 3.35% | 5.35% | 3.66% | 13% | 8.77% | 13.67% | 17.18% | 15.83% | 17.06% | 14.24% | 16.99% | 13.16% | 10.01% | 19.34% | 34.06% | 18.22% |
| Net Income Growth % | 240.19% | 248.77% | -45.52% | -53.95% | -64.87% | -81.44% | -4.34% | -0.86% | 10.88% | 68.61% | 178.22% | 129.14% | 120.01% | 54.72% | 39.54% | - | - | - | - |
| Net Income (Continuing) | 188.04M | 123M | 57.38M | 44.3M | 70.02M | 38.48M | 121.89M | 85.48M | 145.6M | 172.06M | 119.88M | 77.94M | 127.82M | 98.86M | 42.57M | 36.71M | 58.73M | 62.2M | 29.29M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 119.08M | 95.54M | 146.47M | 145.8M | 137.01M | 132.46M | 123.6M | 113.3M | 116.45M | 116.1M | 114.67M | 107.87M | 109.86M | 103.61M | 90.24M | 92.56M | 66.75M | 13.82M | 13.36M |
| EPS (Diluted) | 1.09 | 0.69 | 0.38 | 0.23 | 0.30 | 0.22 | 0.79 | 0.58 | 1.05 | 1.23 | 0.84 | 0.59 | 0.93 | 0.72 | 0.29 | 0.25 | 0.42 | 0.45 | 0.21 |
| EPS Growth % | 263.33% | 213.64% | -51.9% | -60.34% | -71.43% | -82.11% | -5.95% | -1.69% | 12.9% | 70.83% | 189.66% | 136% | 121.43% | 60% | 38.1% | - | - | - | - |
| EPS (Basic) | 1.09 | 0.69 | 0.38 | 0.23 | 0.30 | 0.22 | 0.79 | 0.58 | 1.05 | 1.23 | 0.84 | 0.59 | 0.93 | 0.72 | 0.29 | 0.25 | 0.42 | 0.45 | 0.21 |
| Diluted Shares Outstanding | 151.8M | 151.8M | 151.9M | 151.7M | 152M | 139.6M | 132.7M | 132.8M | 132M | 131.07M | 132.2M | 133.1M | 133.6M | 133.38M | 135.7M | 135.9M | 135M | 136.94M | 138.3M |
| Basic Shares Outstanding | 151.5M | 151.3M | 151.3M | 151.4M | 153.63M | 140.31M | 132.7M | 132.8M | 132M | 131.07M | 132.2M | 133.1M | 133.6M | 133.38M | 135.7M | 135.9M | 135M | 136.94M | 138.3M |
| Dividend Payout Ratio | 52.67% | 58.7% | 57.7% | 118.96% | 131.31% | 206.07% | 81.57% | 170.33% | 85.8% | 74.44% | 95.85% | 161.16% | 55.23% | 35.51% | 68.71% | 123.57% | 42.75% | 22.03% | 48.96% |