Ardmore Shipping Corp (ASC) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — ASC

Balance Sheet

(in millions USD)

Metric	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	47.21	47.06	49.48	47.45	47.57	47.40	48.62	50.76	50.97	52.55	50.62	45.39	0.05	54.48	55.42	50.20
Accounts Receivable	52.78	53.57	52.79	47.74	65.08	75.17	60.34	50.79	63.06	68.94	65.47	51.92	0.03	18.52	16.63	19.49
Inventory	13.04	10.01	10.00	11.19	11.57	13.21	11.93	14.90	14.22	14.54	19.18	18.64	0.02	10.27	9.46	9.06
Total Current Assets	146.19	116.18	120.13	114.98	132.76	142.38	143.88	123.31	135.05	144.93	148.64	164.43	0.15	90.21	89.38	85.86
Property, Plant & Equipment	607.94	643.12	542.49	540.32	550.42	557.59	511.35	522.66	520.75	526.87	538.32	544.65	0.55	610.73	616.92	624.27
Total Non-current Assets	643.42	683.64	583.69	575.44	590.05	599.65	560.25	563.09	561.10	563.45	571.47	568.62	0.58	638.35	643.60	641.25
Total Assets	789.60	799.81	703.82	690.42	722.81	742.03	704.13	686.40	696.15	708.38	720.10	733.04	0.72	728.56	732.98	727.10
Total Current Liabilities	30.03	26.02	30.94	30.86	37.18	40.68	73.75	42.58	38.61	43.82	125.84	64.86	0.08	58.92	58.11	57.48
Long-term Debt	103.36	116.14	25.00	20.46	22.52	44.18	23.11	52.48	78.93	99.88	102.87	133.42	0.16	151.55	143.08	199.12
Total Non-current Liabilities	104.79	117.84	26.85	21.10	21.59	46.59	25.40	89.74	116.72	133.15	140.94	295.00	0.32	348.08	341.15	356.68
Total Liabilities*	134.82	143.86	57.79	51.96	58.77	87.27	99.15	132.32	155.33	176.97	266.77	359.86	0.40	406.99	399.26	414.16
Retained Earnings	208.72	183.53	174.23	167.30	167.39	160.00	111.10	61.85	49.35	40.10	(37.94)	(98.92)	(0.13)	(111.37)	(98.54)	(90.33)
Total Stockholder Equity	654.79	628.17	618.25	610.68	627.00	617.72	567.94	517.04	503.77	494.37	416.29	336.14	0.29	298.52	310.68	312.95

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Total Revenue	87.92	81.25	72.05	74.00	96.12	121.33	106.30	86.94	91.93	118.23	142.42	107.13	0.06	47.20	47.27	45.55
Interest Expense	2.09	1.74	1.04	0.94	1.10	2.04	2.53	3.00	2.83	2.86	5.16	4.89	0.00	4.38	4.31	3.78
Pretax Income	23.69	13.04	9.74	6.34	24.44	62.27	39.55	21.40	25.08	44.40	62.06	29.76	(0.01)	(12.25)	(8.09)	(8.44)
Tax Provision	0.06	0.14	0.04	0.03	0.07	0.05	0.08	0.05	0.24	0.06	0.03	0.01	0.00	0.04	0.03	0.06
Net Income	23.58	12.79	9.60	6.25	24.14	62.69	39.24	21.20	24.51	44.09	61.83	29.69	(0.01)	(12.29)	(8.13)	(8.50)
Basic EPS	0.58	0.30	0.22	0.14	0.55	1.48	0.93	0.49	0.57	1.06	1.57	0.82	(0.23)	(0.37)	(0.24)	(0.26)
Diluted EPS	0.58	0.30	0.22	0.14	0.55	1.47	0.92	0.49	0.57	1.04	1.52	0.81	(0.23)	(0.37)	(0.24)	(0.26)

Cash Flow Statement

(in millions USD)

Metric	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Operating Cash Flow	29.41	55.43	37.49	26.26	137.47	97.59	49.18	140.87	98.90	56.82	63.47	8.87	(0.01)	(2.31)	0.32	(1.11)
Capital Expenditures	0.07	0.26	32.80	0.05	0.30	0.27	0.23	0.07	0.05	0.02	0.10	0.05	0.00	0.08	0.03	0.02
Free Cash Flow*	29.34	55.18	4.69	26.21	137.16	97.32	48.95	140.80	98.85	56.80	63.37	8.83	(0.01)	(2.39)	0.28	(1.13)
Investing Cash Flow	(1.73)	(119.04)	(14.66)	(3.58)	(29.88)	(28.58)	(13.45)	(18.64)	(12.17)	(6.18)	37.66	13.25	-0.00	2.56	3.65	9.30
Financing Cash Flow	(27.31)	63.67	(20.34)	(22.22)	(106.82)	(68.41)	(33.91)	(122.03)	(86.32)	(48.66)	(105.95)	(32.19)	0.00	(4.14)	(6.91)	(16.35)

* Derived from reported values

Dividends Per Share

(USD)

Metric	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q3 2023
Dividends Per Share	0.10	0.10	0.05	0.05	0.18	0.16