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v3.26.1

Investment in subsidiaries with material non-controlling interests - Summarised statement of comprehensive income (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2025 | Dec. 31, 2024 | Dec. 31, 2023
Listing of companies in the Group |  |  |
TCE income - Shipping | $ 667,507 | $ 579,005 | $ 715,180
Revenue from Product Services | 2,566,394 | 2,600,944 | 1,722,820
Cost of cargo and delivery expenses | (2,460,924) | (2,390,929) | (1,547,059)
Vessel operating expense | (126,299) | (84,984) | (82,192)
Charter hire expenses | (667) | (1,041) | (30,712)
Gain on disposal of vessels | 56,708 | 20,391 | 42,374
Finance expense | (44,138) | (8,726) | (19,765)
Income tax expense | (14,199) | (30,095) | (10,965)
Profit after tax | 289,711 | 394,868 | 492,999
Other comprehensive income/(loss) (currency translation effects) | 2,204 | (1,022) | 2,334
Total comprehensive income | 269,937 | 428,193 | 443,014
Total comprehensive income/ (loss) allocated to non- controlling interests | 47,842 | 40,396 | 24,196
BW LPG India |  |  |
Listing of companies in the Group |  |  |
TCE income - Shipping | 129,011 | 126,660 | 118,999
Vessel operating expense | (22,502) | (22,223) | (21,503)
Charter hire expenses | (1,559) |  |
Depreciation and amortisation | (33,307) | (34,853) | (33,950)
Gain on disposal of vessels | 57,250 |  |
Finance expense | (6,057) | (8,980) | (9,510)
Other expenses - net | (6,675) | (4,713) | (2,302)
Income tax expense | (11,709) | (4,631) | (3,743)
Profit after tax | 104,452 | 51,260 | 47,991
Other comprehensive income/(loss) (currency translation effects) |  |  | 416
Total comprehensive income | 104,452 | 51,260 | 48,407
Total comprehensive income/ (loss) allocated to non- controlling interests | 49,719 | 24,400 | 23,716
BW Product Services |  |  |
Listing of companies in the Group |  |  |
Revenue from Product Services | 2,590,600 | 2,650,445 | 1,835,031
Cost of cargo and delivery expenses | (2,526,597) | (2,469,621) | (1,741,585)
Depreciation and amortisation | (48,170) | (36,095) | (67,609)
Finance expense | 811 | (934) | (4,426)
Other expenses - net | (27,274) | (23,418) | (12,815)
Income tax expense | (3,197) | (21,727) | (7,218)
Profit after tax | (13,827) | 98,650 | 1,378
Other comprehensive income/(loss) (currency translation effects) | 2,204 | (1,022) | 1,918
Total comprehensive income | (11,623) | 97,628 | 3,296
Total comprehensive income/ (loss) allocated to non- controlling interests | $ (1,877) | $ 15,996 | $ 480

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