MARKETS / NYSE / LPG

NYSE · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · LARGE CAP

Dorian LPG Ltd. LPG

12 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$481.5M

▲ 36.3% YoY

Net income

$193.7M

▲ 114.8% YoY

In brief

What this company does

Dorian LPG Ltd. is engaged in the transportation of LPG, and Dorian and its subsidiaries own and operate very large gas carriers (VLGCs) in the LPG shipping industry. As of May 22, 2026, the twenty-seven vessels in its fleet, including six time chartered-in vessels, had an aggregate carrying capacity of approximately 2.3 million cbm and an average age of 9.6 years. The company has determined that it operates in one reportable segment, the international transportation of LPG. On April 1, 2015, Dorian and MOL Energia Pte. Ltd., an unaffiliated third party, began operation of Helios LPG Pool LLC, a joint venture owned 50% by Dorian and 50% by MOL Energia. For the years ended March 31, 2026, 2025 and 2024, approximately 99%, 97% and 95% of its revenues, respectively, were generated through the Helios Pool as net pool revenues. As of March 31, 2026, it employed 90 shore-based persons in its offices in the United States, Greece, and Denmark, and had approximately 512 seafaring staff serving on its technically managed vessels. Dorian was incorporated on July 1, 2013 under the laws of the Republic of the Marshall Islands, and is headquartered in the United States.

Written from the business description in DORIAN LPG LTD.'s annual report to the U.S. Securities and Exchange Commission, filed 27 May 2026. Every sentence was checked against that document before publication.

Growth

USD 481.5M

Revenue, FY2025 · full 12-year series below

Revenue $M Net income $M

FY2025 · Revenue 481.5 · Net income 193.7

Compound annual growth

Revenue

+7.3%

+8.8%

+5.2%

Net income

+3.9%

EPS, diluted

+1.9%

+19.5%

+7.1%

Dividend / share

−23.6%

Returned to shareholders

−20.4%

−2.4%

+18.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +8.8% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

40 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 43.6% · Net 40.2%

ROE

FY2025 · ROE 17.7%

Gross margin—

Operating margin43.6%

Net margin40.2%

Return on assets10.6%

EBITDAUSD 281.9M

Each USD of equity produced 18 cents of profit this year.

Cash & shareholders

USD 112.0M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2022 · FCF 155.3

Net buybacks $M Dividends $M

FY2025 · Dividends 105.0 · Net buybacks 7.0

Dividends paidUSD 105.0M

Net buybacksUSD 7.0M

Share of profit57.8%

Consecutive raises—

USD 105.0M in dividends and USD 7.0M in buybacks — 58% of the year's profit went back to shareholders.

Total assetsUSD 1.9B

EquityUSD 1.1B

CashUSD 327.4M

Gross debtUSD 560.4M

Net debtUSD 233.0M

Current ratio2.67×

Net debt stands at 20% of equity.

The 12-year record

12 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue $B	0.5	0.4	0.6	0.4	0.3	0.3	0.3	0.2	0.2	0.2	0.3	0.1
Operating income $B	0.2	0.1	0.3	0.2	0.1	0.1	0.2	−0.0	0.0	0.0	0.2	0.0
EBITDA $B	0.3	0.2	0.4	0.3	0.2	0.2	0.2	0.1	0.1	0.1	0.2	0.0
Income tax $B	·	·	·	·	·	·	·	·	·	·	·	·
Net income $B	0.2	0.1	0.3	0.2	0.1	0.1	0.1	−0.1	−0.0	−0.0	0.1	0.0
Free cash flow $B	·	·	·	0.2	0.1	0.2	0.1	0.0	0.1	0.1	−0.7	−0.3
EPS, diluted $	4.54	2.14	7.60	4.29	1.78	1.86	2.07	−0.93	−0.38	−0.03	2.29	0.45
Dividend / sh $	2.45	3.70	4.00	5.50	2.00	·	·	·	·	·	·	·
Payout %	54	173	53	128	111	·	·	·	·	·	·	·
ROE %	17.7	8.7	32.4	19.2	7.7	9.6	11.8	−5.4	−2.1	−0.1	14.0	2.9
Shares out B	0.04	0.04	0.04	0.04	0.04	0.04	0.05	0.06	0.06	0.05	0.06	0.06

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 48 reconciliationsAUDITED

Reconciled in 12 of 19 fiscal years. 28 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityDeep Sea Foreign Transportation of Freight

Listed onNYSE

Incorporated inoutside the United States — SEC code 1T

Fiscal year endsMarch 31

Data on record since2014