6-K - Ardmore Shipping Corporation | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Ardmore Shipping Corporation announced Q4 2025 financial results with net income attributable to common stockholders of $9.3 million, or $0.23 per share, and declared a cash dividend of $0.09 per share. The Company also reported increased spot TCE rates and enhanced fixed-rate coverage through new time charters.

Key Takeaways

1Reported net income attributable to common stockholders of $9.3 million, or $0.23 per basic and diluted share, for the three months ended December 31, 2025.

2Declared a cash dividend of $0.09 per common share on February 12, 2026, payable on March 13, 2026, to shareholders of record on February 27, 2026.

3MR tankers earned an average spot TCE rate of $25,257 per day for Q4 2025; current Q1 2026 rate is approximately $29,100 per day based on 50% fixed revenue days.

4One 2013-built MR tanker will commence a 12-month time charter at $26,000 per day in March 2026.

5Fully redeemed all remaining 30,000 outstanding shares of Series A Preferred Stock for $30.6 million on October 31, 2025.

6Revenue for the three months ended December 31, 2025 was $82.9 million, an increase from $82.0 million in the same period of 2024.

Current Report Details

Event Type

Securities Issuance

Disclosure

Voluntary

Variant

6-K

Items Reported

6-K

Current Report on Form 6-K

Securities Issuance

Results of Operations

Three Months Ended December 31, 2025

Metric	Value	Basis	Prior Period
Revenue	$82.90	GAAP	$82.00
Net Income Attributable to Common Stockholders	$9.30	GAAP	$5.10
Earnings Per Basic Share	$0.23	GAAP	$0.12
Earnings Per Diluted Share	$0.23	GAAP	$0.12
Adjusted Earnings	$11.60	Non-GAAP	$10.30
Adjusted Earnings Per Basic Share	$0.28	Non-GAAP	$0.25
Adjusted Earnings Per Diluted Share	$0.28	Non-GAAP	$0.25

Capital Return

Dividend/Share

0.09

Record Date

2026-02-27

Payable Date

2026-03-13

Transaction Details

Material Agreement

Agreement: Time Charter Agreement
Parties: Ardmore Shipping Corporation

•One 2013-built MR tanker to commence a 12-month time charter at $26,000 per day in March 2026.
•Two 2014-built MRs commenced two-year time charters in December 2025 at $21,250 per day.

Debt / Financing

Instrument: Series A Preferred Stock Redemption
Principal: 30.6
Use of Proceeds: Redemption of all remaining 30,000 outstanding shares of Series A Preferred Stock at 102% of liquidation preference.

Exhibits (2)

6-K

99.1

EX-99.1