Q2 2025 Highlights and Performance - TCE income – Shipping Q2 2025 was US$38,800 per available day and US$37,300 per calendar day[14] - Q2 2025 profit after tax was US$43 million, and the profit attributable to equity holders of the company was US$35 million, representing an earnings per share of US$023[14] - The company declared a Q2 cash dividend of $022 per share, which consists of 75% of Shipping NPAT3 Q2 2025, in addition to retained dividends declared in 2024 from BW Product Services[14] - BW Product Services reported a US$15 million gross profit and a profit after tax of US$6 million for this quarter[14] - Available liquidity reached $708 million[14] Market Outlook - LPG export fundamentals are expected to remain solid, but increased disruptions at the Panama Canal are expected to drive longer sailing distances[16] - Terminal expansions are starting up in the US, enabling further export growth in the coming years, while the reversal of OPEC+ production cuts and new gas projects will support LPG exports[16] - The current VLGC fleet consists of 409 ships, with 7 VLGCs delivered this year and 7 more expected before year-end[16] Company Performance - Shipping segment achieved 94% utilization, generating TCE income – Shipping of $38,800 per available day[61] - 31% of the available fleet days are covered by fixed rate TC out at $45,200 per day for 2H 2025[62,88] - The company has ample liquidity of $708M with a long-dated repayment profile[73]

Financial Performance Highlights - Hellios Pool TCE (Time Charter Equivalent) per Available Day was $49,502[12] - Hellios Pool Spot + COA TCE per Available Day reached $51,481[12] - Fleet TCE per Operating Day amounted to $51,888[12] - Spot TCE per Operating Day was $55,470[12] Operational Efficiency - Fleet Utilization was 91.7%[12] - Spot Fleet Utilization was 90.7%[12] Expense Management - Fleet OpEx (Operating Expense) was $9,407 per Calendar Day[12] - Fleet OpEx (excluding drydock) was $8,556 per Calendar Day[12] Balance Sheet (as of March 31, 2020) - Total Cash and Marketable Securities stood at $102.3 million[11] - Total Debt Obligations amounted to $646.1 million[11] Cash Flow (Three Months Ended March 31, 2020) - Net income was $29,425,391 compared to a net loss of $(15,953,575) for the same period in 2019[13]

Group 1 - The article discusses Dorian LPG's recent dividend announcement, highlighting a 30% reduction from the previous dividend, which was expected to be $0.5 but was set at $0.7 instead [1] - The author has a diverse professional background across various industries, which contributes to a comprehensive investment analysis perspective [1] - The investment strategy focuses on cyclical industries, aiming for significant returns during economic recovery while maintaining a diversified portfolio that includes bonds, commodities, and forex [1] Group 2 - The article does not provide any specific financial metrics or performance data related to Dorian LPG or the broader industry [2][3]