Ardmore Shipping Corporation

NYSE•ASC

CEO: Mr. Gernot Ruppelt

Sector: Industrials

Industry: Marine Shipping

Listing Date: 2013-08-01

Ardmore Shipping Corporation engages in the seaborne transportation of petroleum products and chemicals worldwide. The company's fleet consists of 22 owned vessels including 21 Eco-design and 1 Eco-mod vessel, and four chartered-in vessels. It serves oil majors, oil companies, oil and chemical traders, chemical companies, and pooling service providers. Ardmore Shipping Corporation was founded in 2010 and is headquartered in Pembroke, Bermuda.

Contact Information

Belvedere Building, Ground Floor 69 Pitts Bay Road, Pembroke, HM08, Bermuda

N/A

ardmoreshipping.com

Market Cap

$581.64M

P/E (TTM)

18.8

12.9

Dividend Yield

2.2%

52W High

$16.91

52W Low

$8.32

52W Range

69%

Rank43Top 50.7%

3.8

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.8 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$82.91M+0.00%

4-Quarter Trend

EPS

$0.23+0.00%

4-Quarter Trend

FCF

$24.28M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Fleet Expansion Modernization Acquired three modern, high-quality MR tankers in 2025 for $103.9M total, lowering average fleet age.

Strong Liquidity Maintained Available liquidity reached $272.2M as of December 31, 2025, supporting operations and growth plans.

New Credit Facility Secured Closed favorable $350M revolving credit facility in July 2025, maturing in 2031, secured by 20 owned vessels.

Fixed Charter Coverage Increased Ended 2025 with five vessels on time charter, including one chemical tanker at $19,250 per day average rate.

Risk Factors

Net Income Fell Sharply Net income attributable to common stockholders dropped 72% to $36.1M in 2025, driven by lower charter rates.

Revenue and TCE Rates Declined Net revenue decreased 24% to $310.2M; average TCE rate fell $7,699 per day compared to prior year.

Geopolitical Trade Disruptions Ongoing conflicts in Red Sea and Middle East heighten security risks, affecting trading patterns, freight rates, and expenses.

Increased Operating Expenses Vessel operating expenses increased 10% to $66.2M, primarily due to fleet additions during the year.

Outlook

Focus on Fleet Growth Strategy centers on expanding fleet via second-hand acquisitions and newbuilding orders, maintaining disciplined capital allocation.

Enhance Operational Efficiency Continue investment in vessel upgrades, focusing on fuel efficiency, performance monitoring, and decarbonization readiness.

Leadership Transition Complete New COO Robert Gaina assumed role January 1, 2026, following planned retirement of previous executive.

Capital Allocation Priorities Priorities remain fleet maintenance, financial strength, accretive growth, and returning capital to common shareholders.

Peer Comparison

Revenue (TTM)

PANL

$632.04M

+17.8%

SWBI

$486.22M

-1.4%

EBF

$388.74M

-2.7%

Gross Margin (Latest Quarter)

SBC

69.0%

-12.5pp

ESEA

67.0%

-0.1pp

42.0%

-5.0pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
SB	$621.13M	16.1	4.7%	38.5%
SWBI	$619.35M	51.5	3.3%	20.2%
ASC	$581.64M	18.8	6.4%	16.3%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

3.9%

Moderate Growth

4Q Net Income CAGR

25.6%

Profitability Improved

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 6, 2026

EPS:$0.45

Revenue:$57.00M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data