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
Reported 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.
Declared 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.
MR 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.
One 2013-built MR tanker will commence a 12-month time charter at $26,000 per day in March 2026.
Fully redeemed all remaining 30,000 outstanding shares of Series A Preferred Stock for $30.6 million on October 31, 2025.
Revenue for the three months ended December 31, 2025 was $82.9 million, an increase from $82.0 million in the same period of 2024.