BW LPG Limited – Financial Results for Q1 2026 in International Shipping News 04/06/2026 Financial performance Q1 2026 profit attributable to equity holders of the Company ended at US$164 million, representing an earnings per share of US$1.08, contributed by strong shipping performance and a significant positive unrealised MtM valuation gain in the BW Product Services trading portfolio. Commercial performance TCE income – Shipping Q1 2026 concluded at US$55,500 per available day and US$51,300 per calendar day, above our guidance of US$54,000 per day. The earnings also reflect the Company’s time charter coverage of 53% of available days at US$48,200 per day. Q2 2026 TCE guidance Fixed 85% of available fleet days at an average rate of ~US$81,000 per day. Cash dividend declared The Company declared a Q1 2026 cash dividend of US$0.67 per share, which consists of 100% of Shipping NPAT Q1 2026, in addition to US$0.11 per share from BW Product Services’ capital return from 2025. Subsequent events Signed newbuilding contract for eight 90’cbm Panamax VLGCs with expected deliveries from start of 2029 to Q2 2030 with a total price of approximately US$940 million. BW Brage and BW Gemini fixed for three- and five-year time charter out agreements in the low US$40,000s per day. BW Pampero fixed for one-year time charter out at high US$60,000 per day with delivery in August. Financial Performance BW LPG Limited (“BW LPG”, the “Company”, NYSE ticker code: “BWLP”, OSE ticker code: “BWLPG.OL”) reported a Q1 2026 Net Profit After Tax (NPAT) of US$187 million, yielding an annualised return on equity of 38%. The Q1 profit attributable to the equity holders of the Company was US$164 million, and earnings per share were US$1.08. The Company reported ample liquidity of US$618 million. The end-of-quarter net leverage ratio was 26.3%, compared to 28.4% as of 31 December 2025. The Board declared a cash dividend of US$0.67 per share, which consists of 100% of Shipping NPAT Q1 2026, in addition