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Ardmore Shipping Corporation Announces Financial Results For The Three and Six Months Ended June 30, 2025
Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and six months ended June 30, 2025.
About this update from Ardmore Shipping Corporation
[{"type":"text","content":"HAMILTON, Bermuda, July 30, 2025 /PRNewswire/ -- Ardmore Shipping Corporation (NYSE: ASC) ("Ardmore", the "Company" or "we") today announced results for the three and six months ended June 30, 2025.","length":228,"tagName":"p"},{"type":"text","content":"Highlights and Recent Activity","length":30,"tagName":"p","attribs":{}},{"type":"list","items":[{"val":[{"type":"text","content":"Reported Adjusted earnings and net income attributable to common stockholders of $9.0 million for the three months ended June 30, 2025, or $0.22 earnings per basic and diluted share, compared to Adjusted earnings of $47.6 million and net income attributable to common stockholders of $61.8 million, or $1.14 Adjusted earnings per basic share and $1.13 Adjusted earnings per diluted share for the three months ended June 30, 2024. (See reconciliation of net income to Adjusted earnings in the Non-GAAP Measures section. The major driver of the variance between Adjusted earnings and net income attributable to common stockholders for the three months ended June 30, 2024, was a $12.3 million gain from the sale of the Ardmore Seafarer in April 2024)","length":748,"tagName":"p"}]},{"val":[{"type":"text","content":"Reported Adjusted earnings and net income attributable to common stockholders of $14.6 million for the six months ended June 30, 2025, or $0.36 earnings per basic and diluted share, compared to Adjusted earnings of $86.0 million and net income attributable to common stockholders of $100.2 million, or $2.07 Adjusted earnings per basic share and $2.05 Adjusted earnings per diluted share for the six months ended June 30, 2024. (See reconciliation of net income to Adjusted earnings in the Non-GAAP Measures section. The major driver of the variance between Adjusted earnings and net income attributable to common stockholders for the six months ended June 30, 2024, was a $12.3 million gain from the sale of the Ardmore Seafarer in April 2024)","length":744,"tagName":"p"}]},{"val":[{"type":"text","content":"Consistent with the Company's variable dividend policy of paying out dividends on its shares of common stock equal to one-third of Adjusted earnings, the Board of Directors declared a cash dividend on July 30, 2025, of $0.07 per common share for the quarter ended June 30, 2025. The dividend will be paid on September 12, 2025, ...