LPG: Dorian Lpg Ltd Financial Statements

Balance sheet, income statement, and cash flow statements for Dorian Lpg Ltd (LPG).

OverviewDividends

$956.25M Market Cap.

As of 05/29/2025 5:00 PM ET (MRY) • Disclaimer

LPG Market Cap. (MRY)


LPG Shares Outstanding (MRY)


LPG Assets (MRY)


Total Assets

$1.78B

Total Liabilities

$732.55M

Total Investments

$76.03K

LPG Income (MRY)


Revenue

$353.34M

Net Income

$90.17M

Operating Expense

$112.23M

LPG Cash Flow (MRY)


CF Operations

$173.01M

CF Investing

-$7.36M

CF Financing

-$131.29M

LPG Balance Sheet (MRY)


Metric

2025

2024

2023

2022

Total Assets

$1,778,660,280 (-3.21%)

$1,837,650,165 (7.53%)

$1,708,913,529 (6.32%)

$1,607,362,093 (1.63%)

Assets Current

$382,356,404 (3.65%)

$368,881,771 (56.11%)

$236,298,985 (-23.25%)

$307,893,252 (100.79%)

Assets Non-Current

$1,396,303,876 (-4.93%)

$1,468,768,394 (-0.26%)

$1,472,614,544 (13.32%)

$1,299,468,841 (-9.02%)

Goodwill & Intangible Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Shareholders Equity

$1,046,106,185 (2.21%)

$1,023,533,083 (17.13%)

$873,846,322 (-5.03%)

$920,151,415 (-2.82%)

Property Plant & Equipment Net

$1,346,293,655 (-5.46%)

$1,424,118,229 (0.14%)

$1,422,156,216 (12.64%)

$1,262,604,337 (-9.48%)

Cash & Equivalents

$316,877,584 (12.17%)

$282,507,971 (89.86%)

$148,797,232 (-37.15%)

$236,758,927 (179.70%)

Accumulated Other Comprehensive Income

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Deferred Revenue

$679,257 (39.52%)

$486,868 (133.44%)

$208,558 (-74.38%)

$813,967 (-4.69%)

Total Investments

$76,028 (-99.34%)

$11,606,737 (1.43%)

$11,443,256 (14573.29%)

$77,987 (-4.01%)

Investments Current

$0 (0%)

$11,530,939 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$76,028 (0.30%)

$75,798 (-99.34%)

$11,443,256 (14573.29%)

$77,987 (-4.01%)

Inventory

$2,508,684 (4.82%)

$2,393,379 (-9.42%)

$2,642,395 (16.59%)

$2,266,351 (12.90%)

Trade & Non-Trade Receivables

$75,847,128 (-3.15%)

$78,312,509 (-19.47%)

$97,252,351 (23.99%)

$78,435,891 (-1.33%)

Trade & Non-Trade Payables

$11,589,289 (13.70%)

$10,193,245 (-7.13%)

$10,976,169 (14.59%)

$9,578,564 (-3.72%)

Accumulated Retained Earnings (Deficit)

$311,142,825 (-17.50%)

$377,135,886 (62.67%)

$231,843,562 (-17.42%)

$280,759,140 (-2.99%)

Tax Assets

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Total Debt

$712,506,495 (-10.58%)

$796,809,978 (-2.30%)

$815,557,384 (21.57%)

$670,836,322 (10.13%)

Debt Current

$89,312,981 (3.81%)

$86,034,437 (12.44%)

$76,518,231 (-4.53%)

$80,148,935 (30.51%)

Debt Non-Current

$623,193,514 (-12.32%)

$710,775,541 (-3.82%)

$739,039,153 (25.12%)

$590,687,387 (7.84%)

Total Liabilities

$732,554,095 (-10.02%)

$814,117,082 (-2.51%)

$835,067,207 (21.52%)

$687,210,678 (8.26%)

Liabilities Current

$107,884,142 (5.96%)

$101,812,635 (7.63%)

$94,596,544 (-0.25%)

$94,837,094 (15.54%)

Liabilities Non-Current

$624,669,953 (-12.30%)

$712,304,447 (-3.80%)

$740,470,663 (25.00%)

$592,373,584 (7.18%)

LPG Income Statement (MRY)


Metric

2025

2024

2023

2022

Revenues

$353,341,476 (-36.98%)

$560,717,436 (43.87%)

$389,749,215 (42.13%)

$274,221,448 (-13.20%)

Cost of Revenue

$131,052,826 (3.35%)

$126,809,256 (28.99%)

$98,307,935 (3.71%)

$94,794,568 (-4.98%)

Selling General & Administrative Expense

$42,626,351 (9.29%)

$39,004,183 (21.56%)

$32,086,382 (6.15%)

$30,226,739 (-10.81%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$112,225,944 (4.23%)

$107,670,236 (12.76%)

$95,482,513 (6.80%)

$89,401,957 (-12.65%)

Interest Expense

$35,812,923 (-11.53%)

$40,480,428 (7.08%)

$37,803,787 (39.67%)

$27,067,395 (-1.92%)

Income Tax Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

$90,170,480 (-70.67%)

$307,446,913 (78.29%)

$172,443,930 (139.72%)

$71,935,018 (-22.29%)

Net Income to Non-Controlling Interests

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income

$90,170,480 (-70.67%)

$307,446,913 (78.29%)

$172,443,930 (139.72%)

$71,935,018 (-22.29%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

$90,170,480 (-70.67%)

$307,446,913 (78.29%)

$172,443,930 (139.72%)

$71,935,018 (-22.29%)

Weighted Average Shares

$42,134,482 (4.62%)

$40,275,350 (0.62%)

$40,026,313 (-0.44%)

$40,203,937 (-19.15%)

Weighted Average Shares Diluted

$42,232,353 (4.40%)

$40,450,567 (0.59%)

$40,211,642 (-0.38%)

$40,365,088 (-18.99%)

Earning Before Interest & Taxes (EBIT)

$125,983,403 (-63.79%)

$347,927,341 (65.48%)

$210,247,717 (112.37%)

$99,002,413 (-17.61%)

Gross Profit

$222,288,650 (-48.77%)

$433,908,180 (48.88%)

$291,441,280 (62.43%)

$179,426,880 (-17.00%)

Operating Income

$110,062,706 (-66.26%)

$326,237,944 (66.48%)

$195,958,767 (117.67%)

$90,024,923 (-20.91%)

LPG Cash Flow Statement (MRY)


Metric

2025

2024

2023

2022

Net Cash Flow from Investing

-$7,362,396 (78.84%)

-$34,801,539 (54.41%)

-$76,341,190 (-211.02%)

$68,766,198 (6634.59%)

Net Cash Flow from Financing

-$131,288,727 (40.25%)

-$219,719,362 (6.59%)

-$235,232,008 (-568.68%)

-$35,178,821 (79.84%)

Net Cash Flow from Operations

$173,013,491 (-55.46%)

$388,446,808 (73.37%)

$224,059,836 (88.77%)

$118,695,170 (-30.42%)

Net Cash Flow / Change in Cash & Cash Equivalents

$34,369,843 (-74.30%)

$133,710,119 (252.01%)

-$87,963,264 (-157.83%)

$152,109,715 (5814.27%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$11,586,408 (694.65%)

-$1,948,446 (74.21%)

-$7,556,341 (-606.54%)

$1,491,748 (-85.84%)

Capital Expenditure

-$18,948,804 (42.32%)

-$32,853,093 (52.24%)

-$68,784,849 (-202.25%)

$67,274,450 (807.37%)

Issuance (Repayment) of Debt Securities

-$53,033,315 (0.15%)

-$53,110,676 (-722.40%)

-$6,458,012 (-109.51%)

$67,932,463 (254.25%)

Issuance (Purchase) of Equity Shares

$82,733,282 (2199.62%)

-$3,940,401 (-135.97%)

-$1,669,902 (92.18%)

-$21,364,822 (83.08%)

Payment of Dividends & Other Cash Distributions

-$156,398,056 (3.61%)

-$162,260,785 (26.44%)

-$220,597,827 (-175.46%)

-$80,082,210 (0%)

Effect of Exchange Rate Changes on Cash

$7,475 (103.46%)

-$215,788 (52.04%)

-$449,902 (-160.31%)

-$172,832 (-184.00%)

Share Based Compensation

$10,423,520 (25.06%)

$8,334,838 (94.72%)

$4,280,387 (28.45%)

$3,332,279 (-0.71%)

Depreciation Amortization & Accretion

$102,086,620 (4.40%)

$97,782,728 (31.67%)

$74,262,626 (-2.30%)

$76,008,937 (-2.15%)

LPG Financial Metrics (MRY)


Metric

2025

2024

2023

2022

Gross Margin

62.90% (-18.73%)

77.40% (3.48%)

74.80% (14.37%)

65.40% (-4.39%)

Profit Margin

25.50% (-53.47%)

54.80% (23.98%)

44.20% (68.70%)

26.20% (-10.58%)

EBITDA Margin

64.50% (-18.87%)

79.50% (8.90%)

73.00% (14.42%)

63.80% (1.92%)

Return on Average Equity (ROAE)

8.30% (-74.22%)

32.20% (57.84%)

20.40% (161.54%)

7.80% (-17.02%)

Return on Average Assets (ROAA)

4.90% (-71.51%)

17.20% (56.36%)

11.00% (139.13%)

4.60% (-17.86%)

Return on Sales (ROS)

35.70% (-42.51%)

62.10% (15.21%)

53.90% (49.31%)

36.10% (-5.00%)

Return on Invested Capital (ROIC)

5.90% (-61.18%)

15.20% (47.57%)

10.30% (101.96%)

5.10% (-12.07%)

Dividend Yield

16.60% (59.62%)

10.40% (-62.32%)

27.60% (100.00%)

13.80% (0%)

Price to Earnings Ratio (P/E)

10.44 (107.08%)

5.04 (8.97%)

4.63 (-42.85%)

8.1 (14.68%)

Price to Sales Ratio (P/S)

2.66 (-3.58%)

2.76 (34.91%)

2.05 (-3.58%)

2.12 (2.76%)

Price to Book Ratio (P/B)

0.91 (-40.07%)

1.52 (65.58%)

0.92 (45.73%)

0.63 (-8.67%)

Debt to Equity Ratio (D/E)

0.7 (-11.95%)

0.8 (-16.84%)

0.96 (27.98%)

0.75 (11.49%)

Earnings Per Share (EPS)

2.14 (-71.95%)

7.63 (77.03%)

4.31 (140.78%)

1.79 (-3.76%)

Sales Per Share (SPS)

8.39 (-39.76%)

13.92 (42.98%)

9.74 (42.75%)

6.82 (7.37%)

Free Cash Flow Per Share (FCFPS)

3.66 (-58.59%)

8.83 (127.61%)

3.88 (-16.15%)

4.63 (42.82%)

Book Value Per Share (BVPS)

24.83 (-2.30%)

25.41 (16.40%)

21.83 (-4.61%)

22.89 (20.20%)

Tangible Assets Book Value Per Share (TABVPS)

42.21 (-7.48%)

45.63 (6.87%)

42.7 (6.79%)

39.98 (25.71%)

Enterprise Value Over EBIT (EV/EBIT)

11 (83.33%)

6 (0.00%)

6 (-45.45%)

11 (10.00%)

Enterprise Value Over EBITDA (EV/EBITDA)

6.03 (23.82%)

4.87 (3.18%)

4.72 (-21.52%)

6.01 (3.89%)

Asset Turnover

0.19 (-38.85%)

0.31 (26.10%)

0.25 (40.68%)

0.18 (-7.33%)

Current Ratio

3.54 (-2.18%)

3.62 (45.04%)

2.5 (-23.07%)

3.25 (73.82%)

Dividends

$3.7 (-7.50%)

$4 (-27.27%)

$5.5 (175.00%)

$2 (0%)

Free Cash Flow (FCF)

$154,064,687 (-56.67%)

$355,593,715 (129.01%)

$155,274,987 (-16.51%)

$185,969,620 (15.45%)

Enterprise Value (EV)

$1,375,231,356 (-36.64%)

$2,170,439,794 (61.61%)

$1,342,996,461 (27.59%)

$1,052,580,964 (-8.10%)

Earnings Before Tax (EBT)

$90,170,480 (-70.67%)

$307,446,913 (78.29%)

$172,443,930 (139.72%)

$71,935,018 (-22.29%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

$228,070,023 (-48.83%)

$445,710,069 (56.66%)

$284,510,343 (62.57%)

$175,011,350 (-11.54%)

Invested Capital

$2,066,405,049 (-8.17%)

$2,250,139,537 (-1.36%)

$2,281,077,137 (17.18%)

$1,946,602,394 (-3.83%)

Working Capital

$274,472,262 (2.77%)

$267,069,136 (88.47%)

$141,702,441 (-33.49%)

$213,056,158 (198.97%)

Tangible Asset Value

$1,778,660,280 (-3.21%)

$1,837,650,165 (7.53%)

$1,708,913,529 (6.32%)

$1,607,362,093 (1.63%)

Market Capitalization

$956,252,061 (-38.75%)

$1,561,209,818 (94.04%)

$804,589,668 (38.34%)

$581,613,472 (-11.21%)

Average Equity

$1,080,682,436 (13.26%)

$954,127,331 (12.88%)

$845,223,099 (-8.37%)

$922,460,036 (-6.40%)

Average Assets

$1,842,938,016 (3.16%)

$1,786,422,480 (14.31%)

$1,562,808,351 (0.63%)

$1,552,948,222 (-6.13%)

Invested Capital Average

$2,149,143,216 (-6.06%)

$2,287,731,116 (12.31%)

$2,037,030,501 (5.41%)

$1,932,432,314 (-7.16%)

Shares

42,804,479 (5.45%)

40,593,079 (0.60%)

40,350,535 (0.53%)

40,138,956 (-19.54%)