Ardmore Shipping 2025 net income falls 69% to $41.01 million

Reuters03-07
Ardmore Shipping 2025 net income falls 69% to $41.01 million

Ardmore Shipping Corp. reported 2025 net income of $41.01 million, down 69%, as revenue fell 24% to $310.2 million. Income before taxes dropped 70% to $41.56 million, while average fleet TCE declined 25% to $22,562 per day. Net cash provided by operating activities decreased 49% to $81.65 million, and liquidity totaled $272.2 million at year-end. The company said it acquired three Korean-built MR tankers in Q3 2025 for $103.9 million and financed the purchase with cash on hand and revolving credit borrowings. Ardmore redeemed all outstanding Series A preferred stock for $30.6 million and said it has five vessels on fixed-rate time charters, including four MR tankers averaging $22,650 per day.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ardmore Shipping Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-024690), on March 06, 2026, and is solely responsible for the information contained therein.

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