6-K
BW LPG Ltd (BWLP)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of January, 2026.
Commission File Number: 001-42008
BW LPG Limited
(Translation of registrant’s name into English)
c/o BW LPG Holding Pte Ltd
10 Pasir Panjang Road,
#17-02 Mapletree Business City, Singapore
117438
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
DOCUMENTS TOBE FURNISHED AS PART OF THIS FORM 6-K
| ExhibitNumber | Exhibit Description |
|---|---|
| 99.1 | Press release of BW LPG Limited dated January 16, 2026 – Update on BW LPG’s Product Services Q4 2025 Segment Performance |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BW LPG Limited | |
|---|---|
| By: | /s/ Samantha Xu |
| Name: | Samantha Xu |
| Title: | Chief Financial Officer |
Date: January 16, 2026
2
Exhibit 99.1
BW LPG Limited – Update on BW LPG’sProduct Services Q4 2025 Segment Performance
Singapore, 16 January 2026
BW LPG Limited (“BW LPG” or the “Company”, OSE ticker code: “BWLPG.OL”, NYSE ticker code: “BWLP”) today provides an update on its Product Services’ (“BW Product Services”) Q4 2025 segment performance.
For the quarter ending 31 December 2025, BW Product Services achieved a gross profit of approximately USD 27 million. This gross profit comprises of a realised gain of USD 12 million from our portfolio of cargo, freight and hedging transactions, and a positive unrealised mark-to-market change of USD 15 million from our open cargo contracts and hedging transactions.
After general and administrative expenses and income taxes, BW Product Services reported a net profit of approximately USD 23 million for the quarter. The reported net profit includes accruals for personnel costs which may change subject to Board approvals.
Besides the positive realised trading result, the overall dividend capacity will be determined by net profit after tax, cash flow and other commercial considerations.
The average Value-At-Risk (VAR) for the quarter was approximately USD 3 million.
BW LPG will release its Q4 2025 financial report on 3 March 2026.
Says Kristian Sørensen, Chief Executive Officer, “We are pleased to report a strong finish to fiscal year 2025 for our Product Services segment, highlighted by the realised gain of USD 12 million from the completed trading portfolio in the fourth quarter, bringing the full-year realised trading result to approximately USD 66 million, before deducting general and administrative expenses and income taxes. As we transition into fiscal year 2026, we remain committed to maintaining a well-balanced trading portfolio, guided by disciplined risk management as we navigate the ongoing macroeconomic and geopolitical uncertainty and market volatility.”
For further information, please contact:
Kristian Sørensen
Chief Executive Officer
Samantha Xu
Chief Financial Officer
E-mail: [email protected]
About BW LPG
BW LPG is the world’s leading owner and operator of LPG vessels, with a fleet of more than 50 Very Large Gas Carriers (VLGCs), including 22 vessels powered by LPG dual-fuel propulsion technology. Building on over five decades of LPG shipping experience, the company is strengthened by an in-house LPG trading division and the commercial expertise to explore investments in value chain assets. Together, these capabilities enable BW LPG to provide trusted and reliable services for sourcing and delivering LPG to customers worldwide.
Delivering energy for a better world – more information about BW LPG can be found at www.bwlpg.com.
BW LPG is associated with BW Group, a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. Founded in 1955 by Sir YK Pao, BW controls a fleet of over 450 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in solar, wind, batteries, and water treatment.