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Ardmore Shipping Corp
CIK 1577437Updated Sep 24, 2026
SecurityASC · NYSE · equity
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Ardmore Shipping Corporation Announces Financial Results For The Three and Six Months Ended June 30, 2025 News provided by Ardmore Shipping Corporation Jul 30, 2025, 08:00 ET Share this article Share to X Share this article Share to X HAMILTON, Bermuda , July 30, 2025 /PRNewswire/ -- Ardmore Shippin ↗
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 788,724,000Source | 704,799,000Source | 690,951,000Source | 723,859,000Source |
| Property, Plant and Equipment, NetUSD | 638,123,000Source | 545,594,000Source | 524,044,000Source | 531,378,000Source |
| Current assets: | ||||
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 47,537,000Source | 60,871,000Source | 56,234,000Source | 79,843,000Source |
| Inventory, NetUSD | 8,912,000Source | 11,308,000Source | 12,558,000Source | 15,718,000Source |
| Assets, CurrentUSD | 111,850,000Source | 126,549,000Source | 126,778,000Source | 157,738,000Source |
| Operating Lease, Right-of-Use AssetUSD | 1,780,000Source | 5,577,000Source | 4,499,000Source | 10,561,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 154,387,000Source | 69,375,000Source | 116,507,000Source | 217,417,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 443,000Source | 440,000Source | 433,000Source | 426,000Source |
| Additional Paid in CapitalUSD | 478,619,000Source | 475,812,000Source | 471,216,000Source | 468,006,000Source |
| Retained Earnings (Accumulated Deficit)USD | 188,799,000Source | 164,914,000Source | 81,388,000Source | 15,135,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | — | — | 1,468,000Source |
| Stockholders' Equity Attributable to ParentUSD | 634,337,000Source | 607,642,000Source | 537,401,000Source | 469,399,000Source |
| Liabilities and EquityUSD | 788,724,000Source | 704,799,000Source | 690,951,000Source | 723,859,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 25,847,000Source | 29,830,000Source | 33,839,000Source | 52,929,000Source |
| Operating Lease, Liability, CurrentUSD | 598,000Source | 4,965,000Source | 3,807,000Source | 6,358,000Source |
| Operating Lease, Liability, NoncurrentUSD | 1,272,000Source | 476,000Source | 510,000Source | 3,969,000Source |
| Other Liabilities, NoncurrentUSD | 268,000Source | 273,000Source | 954,000Source | 1,007,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 18,585,000Source | 18,313,000Source | 18,265,000Source | 20,890,000Source |
| Dividends PayableUSD | — | 400,000Source | 600,000Source | 100,000Source |
| Long-term Debt, Current MaturitiesUSD | — | — | 6,436,000Source | 12,927,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 127,000,000Source | 38,796,000Source | 39,590,000Source | 115,869,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 41,014,000Source | 133,006,000Source | 116,808,000Source | 138,454,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 2,810,000Source | 4,650,000Source | 3,217,000Source | 3,057,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -13,334,000Source | 4,640,000Source | -23,610,000Source | 59,559,000Source |
| Increase (Decrease) in InventoriesUSD | -2,397,000Source | -1,250,000Source | -3,160,000Source | 4,623,000Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | 0Source | 0Source | 0Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 81,649,000Source | 160,445,000Source | 159,609,000Source | 124,207,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -121,003,000Source | -32,973,000Source | -26,836,000Source | 35,410,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | 17,935,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 39,211,000Source | -127,289,000Source | -136,537,000Source | -164,497,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 12,186,000Source | 45,079,000Source | 47,154,000Source | — |
| Repayments of Long-term DebtUSD | — | 1,678,000Source | 84,007,000Source | 148,245,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 46,845,000Source | 46,988,000Source | 46,805,000Source | 50,569,000Source |
| Additional Financial Items | ||||
| Amortization of Debt Issuance CostsUSD | 1,007,000Source | 1,138,000Source | 1,237,000Source | 1,461,000Source |
| DepreciationUSD | 33,849,000Source | 30,244,000Source | 27,817,000Source | 29,276,000Source |
| Dividends PayableUSD | — | 400,000Source | 600,000Source | 100,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -52,000Source | -2,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | 12,322,000Source | -6,917,000Source | -6,917,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -469,000Source | 1,432,000Source | — | -1,576,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -308,000Source | -4,514,000Source | -1,035,000Source | -195,000Source |
| Income (Loss) from Equity Method Investments, Net of Dividends or DistributionsUSD | -308,000Source | -4,514,000Source | -1,035,000Source | -195,000Source |
| Income Tax Expense (Benefit)USD | 241,000Source | 215,000Source | 435,000Source | 207,000Source |
| Investment Income, InterestUSD | 955,000Source | 1,817,000Source | 1,818,000Source | 471,000Source |
| Net Income (Loss) Attributable to ParentUSD | 41,014,000Source | 133,006,000Source | 116,808,000Source | 138,454,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 36,072,000Source | 128,607,000Source | 113,408,000Source | 135,054,000Source |
| Payments of Financing CostsUSD | — | 200,000Source | — | 3,505,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | — | 38,909,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 179,493,000Source | — | — | 131,884,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | 6,000Source | 655,000Source | -262,000Source | 2,961,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 310,197,000Source | 405,784,000Source | 395,978,000Source | 445,741,000Source |
| Income Tax Expense (Benefit)USD | 241,000Source | 215,000Source | 435,000Source | 207,000Source |
| Net Income (Loss) Attributable to ParentUSD | 41,014,000Source | 133,006,000Source | 116,808,000Source | 138,454,000Source |
| Earnings Per Share, BasicUSD per share | 0.89Source | 3.09Source | 2.76Source | 3.63Source |
| Earnings Per Share, DilutedUSD per share | 0.88Source | 3.06Source | 2.71Source | 3.52Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 40,624,604Source | 41,655,701Source | 41,130,089Source | 37,235,599Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 40,812,019Source | 42,041,821Source | 41,821,637Source | 38,359,985Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 241,000Source | 215,000Source | 435,000Source | 207,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -52,000Source | -2,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -308,000Source | -4,514,000Source | -1,035,000Source | -195,000Source |
| Interest ExpenseUSD | 6,112,000Source | 6,778,000Source | 11,408,000Source | 15,537,000Source |
| Interest Expense, DebtUSD | 5,105,000Source | 4,140,000Source | 8,033,000Source | 6,245,000Source |
| Investment Income, InterestUSD | 955,000Source | 1,817,000Source | 1,818,000Source | 471,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 36,072,000Source | 128,607,000Source | 113,408,000Source | 135,054,000Source |
| Other General and Administrative ExpenseUSD | 20,361,000Source | 23,439,000Source | 20,565,000Source | 19,936,000Source |
| Selling ExpenseUSD | — | — | 815,000Source | 815,000Source |