LPG

<span> <style type="text/css"> //<![CDATA[ .q4default .bwalignc { text-align: center; list-style-position: inside } //]]>// </style> <div class="q4default"> <p> <span class="bw-dateline-wrapper">STAMFORD, Conn.--(BUSINESS WIRE)-- </span> Dorian LPG Ltd. (NYSE: LPG) (“Dorian”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today announced that it entered into an agreement with HD Hyundai to build one 90,000 cbm VLGC for delivery in July 2029 for a price of approximately $115 million. Dorian also has signed memorandums of agreement to sell the 2014-built <i>Corsair</i> and two 2015-built VLGCs for aggregate proceeds of approximately $256 million. Dorian expects to deliver each of the vessels to their purchasers by the fourth calendar quarter of 2026. There is no guarantee that these transactions will be completed by the fourth calendar quarter of 2026 or at all.</p> <div id="bwbodyimg" style="width: 480px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;"> <img alt="The Areion - 2026 built dual-fuel newbuilding VLGC/AC" src="https://mms.businesswire.com/media/20260623332087/en/2836909/4/Areion_DJI_0715_1200x899_-_Copy.jpg" /> <p style="font-size:85%;">The Areion - 2026 built dual-fuel newbuilding VLGC/AC</p> </div> <p>Dorian also reports the following estimates for its fleet for the quarter ending June 30, 2026, based on the close of business today and estimates that it has fixed 99% of its calendar days at a rate in excess of $68,000 per day. For the month ending July 31, 2026, the Company estimates that it has fixed 34% of its calendar days at a rate in excess of $100,000 per day.</p> <p>Dorian’s new building will be a dual-fuel Panamax VLGC, allowing the vessel to pass through the less congested “old” Panama Canal locks. Additionally, she is being built with a shaft generator. The integration of a shaft generator allows the vessel to harness mechanical energy from the main propulsion system, optimizing operational power efficiency and reducing the vessel’s overall emissions.</p> <p>John C. Hadjipateras, Chairman, President, and CEO said, “We are confident in the growth prospects of the LPG transportation market and believe that our disciplined fleet renewal and expansion strategy, commitment to our people, focus on innovation and efficiency, along with a solid balance sheet will enable us to deliver long-term value for our shareholders.”</p> <p>Dorian undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company’s actual results could differ materially from those anticipated in these forward-looking statements.</p> <p> <b>About Dorian LPG Ltd.</b> </p> <p>Dorian LPG is a leading owner and operator of modern VLGCs that transport liquefied petroleum gas globally. Dorian LPG's fleet of twenty-seven modern VLGCs currently includes six dual-fuel ECO VLGCs, nineteen ECO VLGCs, and two modern VLGCs. Its business is centered around safe, reliable, clean and trouble-free transportation for its customers. Dorian LPG has offices in Stamford, Connecticut, USA; Copenhagen, Denmark; and Athens, Greece. For more information visit <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dorianlpg.com&esheet=54558382&newsitemid=20260623332087&lan=en-US&anchor=www.dorianlpg.com&index=1&md5=7051541cad31ac9f03939ee16a7166eb" rel="nofollow" shape="rect">www.dorianlpg.com</a>.</p> <p> <b>Forward-Looking & Other Cautionary Statements</b> </p> <p>This press release contains "forward-looking statements." Statements that are predictive in nature, that depend upon or refer to future event

<span> <style type="text/css"> //<![CDATA[ .q4default .bwalignc { text-align: center; list-style-position: inside } .q4default .bwalignl { text-align: left } .q4default .bwalignr { text-align: right; list-style-position: inside } .q4default .bwblockalignl { margin-left: 0; margin-right: auto } .q4default .bwcellpmargin { margin-bottom: 0; margin-top: 0 } .q4default .bwlistdisc { list-style-type: disc } .q4default .bwnowrap { white-space: nowrap } .q4default .bwpadb3 { padding-bottom: 4px } .q4default .bwpadl0 { padding-left: 0 } .q4default .bwpadl3 { padding-left: 15px } .q4default .bwpadl6 { padding-left: 30px } .q4default .bwpadr0 { padding-right: 0 } .q4default .bwpadt1 { padding-top: 10px } .q4default .bwrowaltcolor0 { background-color: rgb(204, 238, 255) } .q4default .bwsinglebottom { border-bottom: 1pt solid rgb(0, 0, 0) } .q4default .bwtablemarginb { margin-bottom: 10px } .q4default .bwvertalignb { vertical-align: bottom } .q4default .bwvertalignt { vertical-align: top } .q4default .bwwidth1 { width: 1% } .q4default .bwwidth10 { width: 10% } .q4default .bwwidth100 { width: 100% } .q4default .bwwidth12 { width: 12% } .q4default .bwwidth21 { width: 21% } .q4default .bwwidth38 { width: 38% } .q4default .bwwidth39 { width: 39% } .q4default .bwwidth41 { width: 41% } .q4default .bwwidth69 { width: 69% } //]]>// </style> <div class="q4default"> <p> <span class="bw-dateline-wrapper">STAMFORD, Conn.--(BUSINESS WIRE)-- </span> Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” and “our”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today reported its financial results for the three months and fiscal year ended March 31, 2026.</p> <div id="bwbodyimg" style="width: 480px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;"> <img alt="The Areion - dual-fuel newbuilding VLGC/AC" src="https://mms.businesswire.com/media/20260520645557/en/2810493/4/Areion_DJI_0715_1200x899_-_Copy.jpg" /> <p style="font-size:85%;">The Areion - dual-fuel newbuilding VLGC/AC</p> </div> <p> <b>Key Recent Developments</b> </p> <ul class="bwlistdisc"> <li>Declared an irregular cash dividend of $1.00 per share of the Company’s common stock totaling $42.8 million to be paid on or about May 28, 2026 to all shareholders of record as of the close of business on May 18, 2026.</li> <li>Prepaid $16.5 million of the 2023 A&R Debt Facility, the proportion related to the 2015-built VLGC <i>Cobra</i>.</li> <li>On May 6, 2026, we completed the sale of the 2015-built VLGC <i>Cobra</i>, receiving proceeds net of commissions and fees of $81.9 million.</li> </ul> <p> <b>Highlights for the Fourth Quarter Ended March 31, 2026</b> </p> <ul class="bwlistdisc"> <li>Revenues of $153.3 million.</li> <li>Time charter equivalent (“TCE”) ⁽¹⁾ per available day rate for our fleet of $63,615.</li> <li>Net income of $81.0 million, or $1.90 earnings per diluted share (“EPS”), and adjusted net income ⁽¹⁾ of $80.4 million, or $1.89 adjusted diluted earnings per share (“adjusted EPS”) ⁽¹⁾.</li> <li>Adjusted EBITDA ⁽¹⁾ of $106.6 million.</li> <li>Took delivery of the dual-fuel newbuilding VLGC/AC <i>Areion</i> in March 2026.</li> <li>Entered into a $62.9 million debt financing facility (the "Areion Facility") to finance the final delivery payment and other fees and expenses associated with the delivery of our VLGC/AC <i>Areion</i>.</li> <li>Declared and paid an irregular dividend totaling $29.9 million in February 2026.</li> </ul> <p> <b>Highlights for the Fiscal Year Ended March 31, 2026</b> </p> <ul class="bwlistdisc"> <li>Revenues of $481.5 million.</li> <li>TCE ⁽¹⁾ per available day rate for our fleet of $52,238.</li> <li>Net income of $193.7 million, or $4.54

<span> <style type="text/css"> //<![CDATA[ .q4default .bwalignc { text-align: center; list-style-position: inside } //]]>// </style> <div class="q4default"> <p> <span class="bw-dateline-wrapper">STAMFORD, Conn.--(BUSINESS WIRE)-- </span> Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), will issue a news release on Wednesday, May 20, 2026 prior to the market open, announcing its unaudited financial results for the fourth quarter and fiscal year ended March 31, 2026.</p> <p> <b>Earnings Conference Call</b> </p> <p>A conference call to discuss the results will be held the same day at 10:00 a.m. ET. The conference call can be accessed live by dialing 1-800-445-7795, or for international callers, 1-785-424-1699, and requesting to be joined into the Dorian LPG call.</p> <p>A live webcast of the conference call will also be available under the investor section at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dorianlpg.com&esheet=54534815&newsitemid=20260513712991&lan=en-US&anchor=www.dorianlpg.com&index=1&md5=7216542669dbe1bebf7c99f437f62388" rel="nofollow" shape="rect">www.dorianlpg.com</a>.</p> <p>A replay will be available at 1:00 p.m. ET the same day and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 11161820. The replay will be available until May 27, 2026, at 11:59 p.m. ET.</p> <p> <b>About Dorian LPG Ltd.</b> </p> <p>Dorian LPG is a leading owner and operator of modern VLGCs that transport liquefied petroleum gas globally. Dorian LPG's fleet of twenty-seven modern VLGCs currently includes six dual-fuel ECO VLGCs, nineteen ECO VLGCs, and two modern VLGCs. Its business is centered around safe, reliable, clean and trouble-free transportation for its customers. Dorian LPG has offices in Stamford, Connecticut, USA; Copenhagen, Denmark; and Athens, Greece. For more information visit <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dorianlpg.com&esheet=54534815&newsitemid=20260513712991&lan=en-US&anchor=www.dorianlpg.com&index=2&md5=0e5725a086d12e7dcf361e36cfc46b96" rel="nofollow" shape="rect">www.dorianlpg.com</a>.</p> <p> <img alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&sty=20260513712991r1&sid=q4-prod&distro=nx&lang=en" style="width:0;height:0" /> <span class="bwct31415"></span></p> <div class="bw-contact-info-wrapper"><p> <b>Investor Contact Information </b><br />Ted Young <br />Chief Financial Officer <br />+1 (203) 674-9900 <br /><a href="mailto:IR@dorianlpg.com" rel="nofollow" shape="rect">IR@dorianlpg.com </a><br /> <br /><b>Media Contact Information </b><br />Melissa Daly <br />MFD Communications <br /><a href="mailto:melissa@mfdcommunications.com" rel="nofollow" shape="rect">melissa@mfdcommunications.com </a><br />+1 (646) 322-9192 </p></div> <span class="bw-source-text-wrapper">Source: Dorian LPG Ltd.</span></div> </span>

<span> <style type="text/css"> //<![CDATA[ .q4default .bwalignc { text-align: center; list-style-position: inside } //]]>// </style> <div class="q4default"> <p> <span class="bw-dateline-wrapper">STAMFORD, Conn.--(BUSINESS WIRE)-- </span> Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), today announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of the Company’s common stock, returning approximately $42.8 million of capital to shareholders. The irregular dividend is payable on or about May 28, 2026 to all shareholders of record as of the close of business on May 18, 2026.</p> <p> <b>Forward-Looking & Other Cautionary Statements</b> </p> <p>The cash dividend referenced in this release is an irregular dividend. All declarations of dividends are subject to the determination and discretion of our Board of Directors based on its consideration of various factors, including the Company’s results of operations, financial condition, level of indebtedness, anticipated capital requirements, contractual restrictions, restrictions in its debt agreements, restrictions under applicable law, its business prospects and other factors that our Board of Directors may deem relevant.</p> <p>This press release contains "forward-looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "may," "will," "should" and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the Company's current expectations and observations regarding future results, many of which, by their nature are inherently uncertain and outside of the Company's control. Where the Company expresses an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, the Company’s forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by those forward-looking statements. The Company’s actual results may differ, possibly materially, from those anticipated in these forward-looking statements as a result of certain factors, including changes in the Company’s financial resources and operational capabilities and as a result of certain other factors listed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. For more information about risks and uncertainties associated with Dorian LPG’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Dorian LPG’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. The Company does not assume any obligation to update the information contained in this press release.</p> <p> <b>About Dorian LPG Ltd.</b> </p> <p>Dorian LPG is a leading owner and operator of modern VLGCs that transport liquefied petroleum gas globally. Dorian LPG's fleet of twenty-seven modern VLGCs currently includes six dual-fuel ECO VLGCs, nineteen ECO VLGCs, and two modern VLGCs. Its business is centered around safe, reliable, clean and trouble-free transportation for its customers. Dorian LPG has offices in Stamford, Connecticut, USA; Copenhagen, Denmark; and Athens, Greece. For more information visit <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dorianlpg.com&esheet=54530545&newsitemid=20260507685819&lan=en-US&anchor=www.dorianlpg.com&index=1&md5=3ae0829c8a19fc5d56d46f34ed59f3d0" rel="nofollow" shape="re

<span> <style type="text/css"> //<![CDATA[ .q4default .bwalignc { text-align: center; list-style-position: inside } //]]>// </style> <div class="q4default"> <p> <span class="bw-dateline-wrapper">STAMFORD, Conn.--(BUSINESS WIRE)-- </span> The board of directors of Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG") unanimously appointed Christopher J. Wiernicki to serve as a Class I director effective immediately and increased the size of the Board from eight to nine directors. Mr. Wiernicki, age 67, has 40 years of marine and offshore expertise and is recognized internationally for transforming the American Bureau of Shipping (“ABS”) into a world leader in safety, risk management digitalization, and decarbonization.</p> <p>Mr. Wiernicki enjoyed a distinguished, 32-year career leading ABS where he chaired its board and served as chief executive officer from 2011 through 2025, prior to which he was ABS’ president and chief operating officer. Mr. Wiernicki also headed ABS’ Europe/Middle East/Africa operations, in addition to serving as the company’s Chief Technology Officer and leading its risk management consulting business.</p> <p>Mr. Wiernicki holds a Bachelor of Science Degree in Civil Engineering from Vanderbilt University, a Master of Science in Structural Engineering from George Washington University, a Master of Science in Ocean Engineering from Massachusetts Institute of Technology and completed an Advanced Management Program at Harvard University. Mr. Wiernicki was appointed to serve on the White House National Infrastructure Advisory Council in 2022 and as Advisor to the Singapore Government Ministry of Transport and Port Authority in 2023. In addition, he is a member of the US Marine Transportation Board and the US National Academy of Engineering. Mr. Wiernicki is a Professor of the Practice at the Massachusetts Institute of Technology (MIT) and sits on several private and public company boards.</p> <p>John C. Hadjipateras, President and Chief Executive Officer of the Company, commented, “Dorian has enjoyed a strong working relationship with Chris for more than 15 years. As a member of our Board of Directors, Dorian will benefit from Chris’ extensive shipping experience and expertise in strategic planning and design, clean energy and technology skills that are crucial for the continued safety of our team and continued modernization of our fleet and operations.”</p> <p>Christopher J. Wiernicki, added, “I am honored to join Dorian’s Board as the company continues to play a pivotal role in the global LPG market. Dorian’s longstanding focus on safety, technology, and efficiency has consistently enabled it to deliver reliable service for its customers and strong results for its shareholders. I look forward to supporting the management as it continues to be a market leader.”</p> <p> <b>About Dorian LPG Ltd.</b> </p> <p>Dorian LPG is a leading owner and operator of modern VLGCs that transport liquefied petroleum gas globally. Dorian LPG's fleet of twenty-eight modern VLGCs currently includes six dual-fuel ECO VLGCs, twenty ECO VLGCs, and two modern VLGCs. Its business is centered around safe, reliable, clean and trouble-free transportation for its customers. Dorian LPG has offices in Stamford, Connecticut, USA; Copenhagen, Denmark; and Athens, Greece. For more information visit <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dorianlpg.com&esheet=54529461&newsitemid=20260505234359&lan=en-US&anchor=www.dorianlpg.com&index=1&md5=955f2049eb3f5e672cfefc4458588cc8" rel="nofollow" shape="rect">www.dorianlpg.com</a>.</p> <p> <img alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&sty=20260505234359r1&sid=q4-prod&distro=nx&lang=en" style="width:0;height:0" /> <span class="bwct31415"></span></p> <div class="bw-contact-info-wrapper"><p> <b>Investor Contact Information </b><br /> <br />Ted Young <br />Chief Financial Officer <br

<span> <style type="text/css"> //<![CDATA[ .q4default .bwalignc { text-align: center; list-style-position: inside } //]]>// </style> <div class="q4default"> <p> <span class="bw-dateline-wrapper">STAMFORD, Conn.--(BUSINESS WIRE)-- </span> Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), one of the world’s largest owners and operators of modern and ECO very large gas carriers (“VLGCs”) reports the following estimates for its fleet for the quarter ending March 31, 2026, based on the close of business today.</p> <p>The Company estimates that it has fixed 99% of its calendar days at a rate in excess of $58,000 per day.</p> <p>The Company undertakes no obligation to publicly update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur, and the Company’s actual results could differ materially from those anticipated in these forward-looking statements.</p> <p> <b>Forward-Looking & Other Cautionary Statements</b> </p> <p>This press release contains "forward-looking statements." Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "projects," "forecasts," "may," "will," "should" and similar expressions are forward-looking statements. These statements are not historical facts but instead represent only the Company's current expectations and observations regarding future results, many of which, by their nature are inherently uncertain and outside of the Company's control. Where the Company expresses an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. However, the Company’s forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by those forward-looking statements. The Company’s actual results may differ, possibly materially, from those anticipated in these forward-looking statements as a result of certain factors, including changes in the Company’s financial resources and operational capabilities and as a result of certain other factors listed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. For more information about risks and uncertainties associated with Dorian LPG’s business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of Dorian LPG’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. The Company does not assume any obligation to update the information contained in this press release.</p> <p>The Company has not finalized its financial statement closing process for the third quarter ended December 31, 2023. During the course of that process, the Company may identify items that would require it to make adjustments, which may be material to the information provided. As a result, the provided information constitutes forward-looking statements and is subject to risks and uncertainties, including possible adjustments to the preliminary results disclosed. Providing this information for this period does not constitute an obligation or intention to update this information for future time periods. Except as otherwise provided herein, capitalized terms used herein but not otherwise defined herein shall have the meanings set forth in the Company’s Annual Report on Form 10-K.</p> <p> <b>About Dorian LPG Ltd.</b> </p> <p>Dorian LPG is a leading owner and operator of

<span> <style type="text/css"> //<![CDATA[ .q4default .bwalignc { text-align: center; list-style-position: inside } //]]>// </style> <div class="q4default"> <div class="bw-subheadline-wrapper"> <p class="bwalignc"> <b>Dual-Fuel LPG and Ammonia Gas Carrier “<i>Areion</i>” to Join Helios Pool</b> </p> </div> <p><span class="bw-dateline-wrapper">STAMFORD, Conn.--(BUSINESS WIRE)-- </span> Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of very large gas carriers (“VLGCs”), announced today the delivery of its 93,000 cubic meter (cbm) dual-fuel newbuilding named “<i>Areion</i>” an LPG and ammonia very large gas carrier (VLGC/AC) from Hanwha Ocean Heavy Industries Co., Ltd. at the Okpo Shipyard in South Korea. The “<i>Areion</i>” will commence employment on charter under the Helios LPG Pool, an entity jointly controlled by Dorian LPG Ltd and MOL Energia Pte Ltd., with offices in Copenhagen and Singapore. “Areion”, in Greek Mythology, is the name given to a black-maned horse known for its extraordinary speed, spoken wisdom, and significant powers.</p><div id="bwbodyimg" style="width: 480px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;"><img alt="The Areion - dual-fuel newbuilding VLGC/AC" src="https://mms.businesswire.com/media/20260320545443/en/2752863/4/Areion_1200x899.jpg" /><p style="font-size:85%;">The Areion - dual-fuel newbuilding VLGC/AC</p></div><p>This is the second wholly owned LPG dual-fuel ship being added to Dorian’s fleet along with the four chartered-in LPG dual-fuel ships raising the percentage of low emissions alternative fuel ships to over 20% of its fleet.</p><p>The “<i>Areion</i>” is a dual-fuel ship that can run on LPG and fuel oil. It is equipped with a hybrid scrubber, which can operate in closed loop in ports or ECAs where emissions and effluent must either be very low or prohibited. This scrubber is designed to emit lower levels of sulphur oxides, particulate matter and black carbon than the very low sulphur fuels oils (VLSFO) widely used currently in the marine fuel markets. The ship’s main engine also operates on LPG as fuel which reduces CO2 emissions by approximately 20%, sulphur oxides, particulate matter (PM), and other pollutants.</p><p>John C. Hadjipateras, President and Chief Executive Officer of the Company, commented, “The addition of “<i>Areion</i>” to our fleet underscores Dorian’s commitment to the study and adoption of advanced marine technologies. The new ship will enhance Dorian’s superior emissions profile which has been achieved by the use of hybrid scrubbers, dual-fuel LPG engined ships, energy saving devices and performance optimization systems deployed collaboratively by our on board and shore side teams. Scrubbers and LPG dual fuel engines offer the potential to enhance earnings by optimizing the fuel choice, as does “<i>Areion</i>”’s<i> </i>ability to transport full cargoes of LPG and ammonia.”</p><p>“<i>Areion</i>” is fitted with Alternative Marine Power (AMP) equipment and can carry out all port operations exclusively with shore power in any port where cold ironing is available. This feature aspires to promote emission free port operations. The ship is Battery Energy Storage System (BESS) ready-fitted for hybrid battery power management system operation. BESS enables optimization of onboard power generation systems eradicating blackouts while providing continuous peak shaving of energy requirements onboard.</p><p>Concurrently with the delivery, Dorian LPG borrowed $62.9 million from Citibank NA, (Hong Kong branch) (“Citi”), supported by export insurance provided by the Korea Trade Insurance Corporation (“K-sure”), and Nordea Abp (New York branch) (“Nordea”) to finance the final delivery payment and other fees and expenses associated with the delivery. The facility has a $20.7 million commercial tranche, solely underwritten by Nordea with a 7-year tenor and margin of 1.80% over SOFR

<span> <style type="text/css"> //<![CDATA[ .q4default .bwalignc { text-align: center; list-style-position: inside } .q4default .bwalignl { text-align: left } .q4default .bwalignr { text-align: right; list-style-position: inside } .q4default .bwblockalignl { margin-left: 0; margin-right: auto } .q4default .bwcellpmargin { margin-bottom: 0; margin-top: 0 } .q4default .bwlistdisc { list-style-type: disc } .q4default .bwpadb3 { padding-bottom: 4px } .q4default .bwpadl0 { padding-left: 0 } .q4default .bwpadl4 { padding-left: 20px } .q4default .bwpadl6 { padding-left: 30px } .q4default .bwpadr0 { padding-right: 0 } .q4default .bwrowaltcolor0 { background-color: rgb(204, 238, 255) } .q4default .bwsinglebottom { border-bottom: 1pt solid rgb(0, 0, 0) } .q4default .bwtablemarginb { margin-bottom: 10px } .q4default .bwvertalignb { vertical-align: bottom } .q4default .bwvertalignt { vertical-align: top } .q4default .bwwidth10 { width: 10% } .q4default .bwwidth100 { width: 100% } .q4default .bwwidth15 { width: 15% } .q4default .bwwidth2 { width: 2% } .q4default .bwwidth31 { width: 31% } .q4default .bwwidth32 { width: 32% } .q4default .bwwidth34 { width: 34% } .q4default .bwwidth38 { width: 38% } .q4default .bwwidth56 { width: 56% } .q4default .bwwidth7 { width: 7% } .q4default .bwwidth9 { width: 9% } //]]>// </style> <div class="q4default"> <p> <span class="bw-dateline-wrapper">STAMFORD, Conn.--(BUSINESS WIRE)-- </span> Dorian LPG Ltd. (NYSE: LPG) (the “Company,” “Dorian LPG,” “we,” “us,” and “our”), a leading owner and operator of modern very large gas carriers (“VLGCs”), today reported its financial results for the three months ended December 31, 2025.</p> <div id="bwbodyimg" style="width: 480px; float:left; padding-left:0px; padding-right:20px; padding-top:0px; padding-bottom:0px;"> <img alt="The Challenger - 2015 built VLGC" src="https://mms.businesswire.com/media/20260205206067/en/2712203/4/Challenger.jpg" /> <p style="font-size:85%;">The Challenger - 2015 built VLGC</p> </div> <p> <b>Key Recent Development</b> </p> <ul class="bwlistdisc"> <li>Declared an irregular dividend totaling approximately $29.9 million, or $0.70 per share, to be paid on or about on or about February 24, 2026 to all shareholders of record as of February 9, 2026.</li> </ul> <p> <b>Highlights for the Third Quarter Fiscal Year 2026</b> </p> <ul class="bwlistdisc"> <li>Revenues of $120.0 million.</li> </ul> <ul class="bwlistdisc"> <li>Time Charter Equivalent (“TCE”) ⁽¹⁾ rate per available day for our fleet of $50,333.</li> </ul> <ul class="bwlistdisc"> <li>Net income of $47.2 million, or $1.11 earnings per diluted share (“EPS”), and adjusted net income ⁽¹⁾ of $47.4 million, or $1.11 adjusted earnings per diluted share (“adjusted EPS”). ⁽¹⁾</li> </ul> <ul class="bwlistdisc"> <li>Adjusted EBITDA ⁽¹⁾ of $74.2 million.</li> </ul> <ul class="bwlistdisc"> <li>Declared an irregular cash dividend totaling $27.8 million in November 2025, which was paid in December 2025.</li> </ul> <table cellspacing="0" class="bwtablemarginb bwblockalignl"> <tr> <td colspan="1" rowspan="1"></td> <td colspan="1" rowspan="1"></td> <td colspan="1" rowspan="1"></td> <td colspan="1" rowspan="1"></td> <td class="bwpadl0 bwpadr0 bwpadb3 bwalignl bwvertalignt" colspan="1" rowspan="1"> <p class="bwcellpmargin bwalignl">(1)</p> </td> <td colspan="1" rowspan="1"></td> <td class="bwvertalignt bwpadl0" colspan="1" rowspan="1"> <p class="bwcellpmargin">TCE, adjusted net income, adjusted EPS and adjusted EBITDA are non-U.S. GAAP measures. Refer to the reconciliation of revenues to TCE, net income to adjusted net income, EPS to adjusted EPS and net income to adjusted EBITDA included in this press rele

<span> <style type="text/css"> //<![CDATA[ .q4default .bwalignc { text-align: center; list-style-position: inside } //]]>// </style> <div class="q4default"> <p> <span class="bw-dateline-wrapper">STAMFORD, Conn.--(BUSINESS WIRE)-- </span> Dorian LPG Ltd. (NYSE: LPG) (the "Company" or "Dorian LPG"), a leading owner and operator of modern and ECO very large gas carriers (“VLGCs”), today announced that its Board of Directors has declared an irregular cash dividend of $0.70 per share of the Company’s common stock, returning approximately $29.9 million of capital to shareholders and will issue a news release on Thursday, February 5, 2026 prior to the market open, announcing its financial results for the third quarter ended December 31, 2025. The dividend is payable on or about February 24, 2026 to all shareholders of record as of the close of business on February 9, 2026.</p> <p>The Company-provided forward booking estimate on its last earnings call reflected its bookings through that date. Market rates during November for December loadings were lower than the previous two months. In addition, fog in the Houston Ship channel contributed to unexpected waiting time, further reducing realized rates. Some quarterly TCE revenue estimates in the investment community do not reflect subsequent market conditions.</p> <p>For the quarter ended December 31, 2025, the Company anticipates an additional general and administrative expense of approximately $1.8 million, corresponding to an increase in accrual under the Company’s Annual Cash Incentive plan.</p> <p>The estimated expenses included in this press release are preliminary, unaudited and subject to change. Such estimate is based on management’s current expectations and available information and remain incomplete due to the ongoing financial closing procedures for the applicable period. Actual results may differ.</p> <p> <b>Earnings Conference Call</b> </p> <p>A conference call to discuss the results will be held on February 5, 2026 at 10:00 a.m. ET. The conference call can be accessed live by dialing 1-800-445-7795, or for international callers, 1-785-424-1699, and requesting to be joined into the Dorian LPG call.</p> <p>A live webcast of the conference call will also be available under the investor section at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dorianlpg.com&esheet=54408209&newsitemid=20260130632665&lan=en-US&anchor=www.dorianlpg.com&index=1&md5=89681292288ddf02d5b066593f17850a" rel="nofollow" shape="rect">www.dorianlpg.com</a>.</p> <p>A replay will be available at 1:00 p.m. ET the same day and can be accessed by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 11160929. The replay will be available until February 12, 2026, at 11:59 p.m. ET.</p> <p> <b>About Dorian LPG Ltd.</b> </p> <p>Dorian LPG is a leading owner and operator of modern Very Large Gas Carriers (“VLGCs”) that transport liquefied petroleum gas globally. Our current fleet of twenty-seven modern VLGCs includes twenty ECO VLGCs, five dual-fuel ECO VLGCs, and two modern VLGCs.</p> <p>Visit our website at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dorianlpg.com&esheet=54408209&newsitemid=20260130632665&lan=en-US&anchor=www.dorianlpg.com&index=2&md5=eeb3dfa3d559e86d3f999d205a0c9eb0" rel="nofollow" shape="rect">www.dorianlpg.com</a>. Information on the Company’s website does not constitute a part of and is not incorporated by reference into this press release.</p> <p>Source: Dorian LPG Ltd.</p> <p> <img alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&sty=20260130632665r1&sid=q4-prod&distro=nx&lang=en" style="width:0;height:0" /> <span class="bwct31415"></span></p> <div class="bw-contact-info-wrapper"><p> <b>Investor Contact Information </b><br />Ted Young <br />Chief Financial Officer <br />+1 (203) 6