Ardmore Shipping Corp Q2 2025 Financial Results and Fleet Update

SEC Filing 6-K (0001558370-25-009775)

Ardmore Shipping Corporation reported its financial results for the second quarter of 2025, showing a decrease in revenue to $72.0 million from $121.3 million in the same period last year. The company attributed this decline to lower spot rates and fewer spot revenue days. Net income for the quarter was $9.6 million, down from $62.7 million in Q2 2024. The company also announced the acquisition of three MR tankers, expected to be delivered in Q3 2025, and the closing of a $350 million revolving credit facility. Ardmore declared a cash dividend of $0.07 per common share for the quarter. The company continues to face challenges from geopolitical conflicts, including the Russia-Ukraine war and attacks in the Red Sea, which have impacted global shipping routes and rates.