BW LPG's product services sees Q3 realised trading gain, mark-to-market loss

BW LPG Limited's Product Services segment, BW Product Services, reported a realised gain of $15 million from its cargo, freight, and hedging transactions for Q3 2025. This brings the year-to-date realised trading result to approximately $54 million.

However, after an unrealised mark-to-market change of negative $39 million from open cargo contracts and hedging, the segment's gross trading result was approximately minus $24 million.

After general and administrative expenses and income taxes, BW Product Services recorded an estimated net result of approximately minus $30 million for the quarter ending September 30, 2025. The average Value-At-Risk (VAR) for the quarter was approximately $5 million. Chief executive Kristian Sørensen highlighted the priority of delivering a positive realised trading result, which supports dividend capacity, while acknowledging expected mark-to-market fluctuations due to ongoing macro uncertainties.