Dorian LPG Ltd. (LPG) Income Statement
LPG FY2026 at a glance
Fiscal year ended March 31, 2026 · U.S. dollarsLPG revenue and net income
Where LPG's revenue goes
FY2026Each bar shows an amount and its share of revenue. LPG kept 40.2% of revenue as net income.
LPG profit margins
LPG growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +36.3% | +7.3% | +8.8% | +5.2% |
| Gross profit | +70.6% | +4.5% | +12.0% | +3.3% |
| Operating income | +84.2% | +1.5% | +12.3% | +2.7% |
| Net income | +114.8% | +3.9% | +15.9% | +4.1% |
| EPS (diluted) | +100.0% | +2.9% | +21.4% | +7.2% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
LPG quarterly EPS vs estimates
Dorian LPG beat the analyst EPS estimate in 2 of the last 8 quarters. Next report: November 5, 2026 (estimate $2.36).
LPG income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $481.5M | $353.3M | $560.7M | $389.7M | $274.2M | $315.9M | $333.4M | $158.0M | $159.3M | $167.4M |
| Cost of revenue | $221.0M | $200.7M | $195.5M | $161.7M | $161.2M | $168.2M | $150.8M | $134.0M | $131.9M | $134.1M |
| Gross profit | $260.5M | $152.7M | $365.2M | $228.0M | $113.0M | $147.7M | $182.6M | $24.0M | $27.5M | $33.3M |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $53.0M | $42.6M | $39.0M | $32.1M | $30.2M | $33.9M | $23.4M | $34.5M | $26.2M | $21.7M |
| Total operating expenses | $53.0M | $40.0M | $36.4M | $29.7M | $20.6M | $31.6M | $21.5M | $32.0M | $23.6M | $19.3M |
| Operating income | $207.5M | $112.6M | $328.8M | $198.4M | $92.4M | $116.1M | $161.1M | −$8.0M | $3.8M | $14.0M |
| Interest income | $11.1M | $15.2M | $9.5M | $27.5M | $347,082 | $421,464 | $1.5M | $1.8M | $440,059 | $137,556 |
| Interest expense | $29.2M | $35.8M | $40.5M | $37.8M | $27.1M | $27.6M | $36.1M | $40.6M | $35.7M | $29.0M |
| Income before taxes | $193.7M | $90.2M | $307.4M | $172.4M | $71.9M | $92.6M | $111.8M | −$50.9M | −$20.4M | −$1.4M |
| Income taxes | — | — | $16.6M | $20.5M | −$49.1M | −$31.2M | −$6.3M | −$1 | −$29.7M | −$36.1M |
| Net income | $193.7M | $90.2M | $307.4M | $172.4M | $71.9M | $92.6M | $111.8M | −$50.9M | −$20.4M | −$1.4M |
| EBITDA | $294.7M | $193.0M | $414.1M | $265.9M | $158.2M | $191.9M | $212.3M | $50.9M | $69.2M | $79.1M |
| EPS (diluted) | $4.58 | $2.29 | $7.59 | $4.20 | $1.34 | $1.74 | $2.41 | −$0.78 | −$0.61 | −$0.51 |
| Gross margin | 54.1% | 43.2% | 65.1% | 58.5% | 41.2% | 46.8% | 54.8% | 15.2% | 17.2% | 19.9% |
| Operating margin | 43.1% | 31.9% | 58.6% | 50.9% | 33.7% | 36.7% | 48.3% | −5.0% | 2.4% | 8.4% |
| Net margin | 40.2% | 25.5% | 54.8% | 44.2% | 26.2% | 29.3% | 33.5% | −32.2% | −12.8% | −0.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $187.9M | $153.3M | $120.0M | $120.6M | $84.2M | $75.9M | $80.7M | $82.4M | $114.4M | $141.4M | $163.1M | $144.7M |
| Cost of revenue | $62.5M | $56.7M | $58.6M | $35.4M | $52.4M | $53.6M | $50.5M | $47.5M | $49.1M | $51.1M | $45.7M | $51.3M |
| Gross profit | $125.4M | $96.5M | $61.4M | $85.2M | $31.9M | $22.3M | $30.2M | $34.9M | $65.3M | $90.3M | $117.4M | $93.4M |
| Sales, general & admin | $13.5M | $13.3M | $10.8M | $12.0M | $16.9M | $8.3M | $7.5M | $16.5M | $10.4M | $8.5M | $7.7M | $13.6M |
| Total operating expenses | −$17.3M | $13.3M | $10.8M | $25.9M | $16.3M | $7.6M | $6.8M | $15.8M | $9.8M | $8.5M | $7.0M | $12.9M |
| Operating income | $142.7M | $83.2M | $50.6M | $59.3M | $15.6M | $14.7M | $23.4M | $19.1M | $55.5M | $81.7M | $110.3M | $80.5M |
| Interest income | $3.0M | $2.6M | $2.7M | $3.0M | $2.8M | $3.2M | $3.8M | $4.5M | $3.7M | $2.9M | $2.9M | $2.0M |
| Interest expense | $8.7M | $6.9M | $7.1M | $7.6M | $7.7M | $8.0M | $8.9M | $9.4M | $9.5M | $9.7M | $10.1M | $10.3M |
| Income before taxes | $138.3M | $81.0M | $47.2M | $55.4M | $10.1M | $8.1M | $21.4M | $9.4M | $51.3M | $79.2M | $100.0M | $76.5M |
| Income taxes | — | — | — | — | — | — | $82.1M | — | $4 | −$1 | $11.0M | $16.9M |
| Net income | $138.3M | $81.0M | $47.2M | $55.4M | $10.1M | $8.1M | $21.4M | $9.4M | $51.3M | $79.2M | $100.0M | $76.5M |
| EBITDA | $167.7M | $105.2M | $72.4M | $80.9M | $36.2M | $31.0M | $47.7M | $36.2M | $78.0M | $106.5M | $127.4M | $117.4M |
| EPS (diluted) | $2.52 | $1.89 | $1.11 | $1.31 | $0.27 | $0.25 | $0.43 | $0.35 | $1.26 | $1.91 | $2.62 | $1.85 |
| Gross margin | 66.7% | 63.0% | 51.2% | 70.6% | 37.8% | 29.4% | 37.4% | 42.4% | 57.1% | 63.9% | 72.0% | 64.5% |
| Operating margin | 75.9% | 54.3% | 42.2% | 49.2% | 18.5% | 19.4% | 29.0% | 23.2% | 48.5% | 57.8% | 67.7% | 55.6% |
| Net margin | 73.6% | 52.9% | 39.3% | 45.9% | 12.0% | 10.7% | 26.5% | 11.4% | 44.9% | 56.0% | 61.3% | 52.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in LPG's financial statements (latest annual report filed May 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
LPG financial results
In fiscal year 2026 (ended March 31, 2026), Dorian LPG reported revenue of $481.5 million, up 36.3% from the year before. It had net income of $193.7 million (up 114.8%), a net profit margin of 40.2%. Diluted earnings per share came to $4.58. Over five years revenue grew at an average rate of 8.8% a year.
See the LPG stock overview for the latest quote and news, or the LPG chart for price history and technical indicators.
LPG income statement FAQ
What is Dorian LPG's annual revenue?
Dorian LPG reported total revenue of $481.5 million for fiscal year 2026, which ended on March 31, 2026. That was up 36.3% from $353.3 million the previous year.
Is Dorian LPG profitable?
Yes. Dorian LPG reported net income of $193.7 million in fiscal 2026, a net profit margin of 40.2%; its operating margin was 43.1%.
What is Dorian LPG's gross margin?
Dorian LPG's gross margin was 54.1% in fiscal 2026: for every $100 of revenue, Dorian LPG kept $54 after the direct cost of its products and services.
How fast is Dorian LPG growing?
Revenue grew 8.8% a year on average over the last five fiscal years, from $315.9 million to $481.5 million.
What are Dorian LPG's earnings per share?
Dorian LPG earned $4.58 per diluted share in fiscal 2026, compared with $2.29 a year earlier.
When will Dorian LPG report its next earnings?
Dorian LPG is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Dorian LPG's fiscal year end?
Dorian LPG's fiscal year ends in March. The latest annual report covers the year ended March 31, 2026 and was filed on May 27, 2026.