Dorian LPG (LPG) FY2024 results: revenue $561 million, up 43.9% on the year
Dorian LPG Ltd. (LPG) reported revenue of $561 million for fiscal 2024, the year ended 31 March 2024, up 43.9% on the year before. Net income was $307 million, up 78.3%, and diluted earnings per share $7.60. The figures are the company's own, from the 10-K it filed with the SEC on 29 May 2024.
Revenue
$561 million
+43.9% on the year
FY2017FY2024
Operating margin
58.6%
50.9% a year earlier
FY2017FY2024
Net income
$307 million
+78.3% on the year
FY2017FY2024
Diluted EPS
$7.60
+77.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
388
224
119
+73.4%
Capital expenditure
n/a
68.8
23.2
Free cash flow
n/a
155
95.5
Free cash flow margin
n/a
39.8%
34.8%
Cash from investing
-34.8
-76.3
68.8
Cash from financing
-220
-235
-35.2
Depreciation and amortisation
68.7
63.4
66.4
+8.3%
Share-based compensation
8.3
4.3
3.3
+94.7%
Buybacks
3.9
1.7
21.4
+136.0%
Dividends paid
162
221
80.1
-26.4%
Dividend per share
$4.00
$5.50
$2.00
-27.3%
Diluted shares, weighted
40m
40m
40m
+0.6%
Shares outstanding at period end
41m
40m
40m
+0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,024
874
920
+17.1%
Debt
605
657
663
-8.0%
Operating lease liabilities
159
135
n/a
+18.1%
Other liabilities
49.8
42.9
24.4
+16.0%
Total liabilities and equity
1,838
1,709
1,607
+7.5%
Fixed assets
1,232
1,264
1,255
-2.5%
Investments
11.5
11.4
n/a
+1.4%
Cash and equivalents
283
149
237
+89.9%
Receivables
0.7
3.3
0.9
-79.9%
Inventory
2.4
2.6
2.3
-9.4%
Other assets
308
279
113
+10.5%
Total assets
1,838
1,709
1,607
+7.5%
10-K for the year ended 31 March 2024, filed 29 May 2024: the filing.