DORIAN LPG LTD.

Dorian LPG Ltd. announced a strategic fleet renewal and expansion plan, including an agreement to build one new 90,000 cbm VLGC for approximately $115 million, expected for delivery in July 2029. Concurrently, the company signed agreements to sell three existing VLGCs for an aggregate of approximately $256 million, with deliveries anticipated by Q4 2026. The company also provided strong forward chartering estimates, with 99% of Q2 2026 days fixed above $68,000 per day and 34% of July 2026 days fixed above $100,000 per day.

Dorian LPG provided an update on its fleet and operations as of May 22, 2026. The company operates a fleet of 27 Very Large Gas Carriers (VLGCs), including 21 owned and 6 time chartered-in vessels, with an average age of 9.6 years and an aggregate carrying capacity of approximately 2.3 million cbm. The fleet includes modern ECO-design vessels, dual-fuel capabilities, scrubbers, and vessels capable of carrying ammonia. The Helios LPG Pool, a joint venture, operates 31 VLGCs and accounted for 99% of Dorian's revenues for the year ended March 31, 2026. As of May 22, 2026, there were 42,782,681 shares of common stock outstanding.

Dorian LPG Ltd. reported significantly improved financial results for the fourth quarter and fiscal year ended March 31, 2026, driven by a healthy freight market. The company's net income and revenues saw substantial year-over-year increases for both periods. Additionally, Dorian LPG declared an irregular cash dividend of $1.00 per share and completed the sale of a VLGC while taking delivery of a new dual-fuel vessel.

Dorian LPG Ltd. announced that its Board of Directors has declared an irregular cash dividend of $1.00 per share of common stock. This action will return approximately $42.8 million of capital to shareholders. The dividend is payable on or about May 28, 2026, to shareholders of record as of May 18, 2026. The company noted that this is an irregular dividend, and future declarations are subject to the Board's discretion and various financial and operational factors.

Dorian LPG Ltd. announced the unanimous appointment of Christopher J. Wiernicki as a Class I director, effective immediately. The company's Board of Directors also increased its size from eight to nine directors to accommodate the new appointment. Mr. Wiernicki brings extensive experience, including 32 years at the American Bureau of Shipping where he served as Chairman and CEO, and is recognized for his expertise in safety, risk management, digitalization, and decarbonization in the marine and offshore sectors.