Ardmore Shipping Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	310.2	405.78	395.98	445.74	192.48
Revenue Growth (YoY)	-23.56%	2.48%	-11.16%	131.57%	-12.53%
Cost of Revenue	198.53	215.58	211.25	228.74	156.34
Gross Profit	111.66	190.21	184.73	217	36.14
Selling, General & Admin	25.07	28.04	25.24	24.11	19.2
Depreciation & Amortization Expenses	39.41	33.88	31.36	33.44	36.87
Other Operating Expenses	-	-12.32	-	6.92	-
Total Operating Expenses	64.48	49.6	56.6	64.46	56.07
Operating Income	47.18	140.61	128.13	152.54	-19.93
Interest Income	0.96	1.82	1.82	0.47	0.06
Interest Expense	-6.11	-6.78	-11.41	-15.54	-16.2
Other Non-Operating Income (Expense)	-0.77	-5.29	-1.3	4.34	-0.61
Total Non-Operating Income (Expense)	-5.93	-10.25	-10.89	-10.72	-16.76
Pretax Income	41.26	130.36	117.24	141.81	-36.68
Provision for Income Taxes	-0.24	-0.22	-0.44	-0.21	-0.15
Net Income	36.07	128.61	113.41	135.05	-38.09
Net Income Attributable to Preferred Dividends	2.22	0.74	-3.4	-3.4	-1.25
Net Income to Common	36.07	128.61	113.41	135.05	-38.09
Net Income Growth	-71.95%	13.40%	-16.03%	-	-
Shares Outstanding (Basic)	41	42	41	37	34
Shares Outstanding (Diluted)	41	42	42	38	34
Shares Change (YoY)	-2.93%	0.53%	9.02%	13.21%	1.93%
EPS (Basic)	0.89	3.09	2.76	3.63	-1.12
EPS (Diluted)	0.88	3.06	2.71	3.52	-1.12
EPS Growth	-71.24%	12.91%	-23.01%	-	-
Free Cash Flow	-39.07	99.43	134.23	120.4	-5.52
Free Cash Flow Growth	-	-25.93%	11.48%	-	-
Free Cash Flow Per Share	-0.96	2.36	3.21	3.14	-0.16
Dividends Per Share	0.310	0.950	0.910	0.450	-
Dividend Growth	-67.37%	4.40%	102.22%	-	-
Gross Margin	36.00%	46.87%	46.65%	48.68%	18.78%
Operating Margin	15.21%	34.65%	32.36%	34.22%	-10.35%
Profit Margin	13.22%	32.78%	29.50%	31.06%	-19.14%
FCF Margin	-12.60%	24.50%	33.90%	27.01%	-2.87%
EBITDA	86.59	174.49	159.49	185.97	16.95
EBITDA Margin	27.91%	43.00%	40.28%	41.72%	8.80%
EBIT	47.18	140.61	128.13	152.54	-19.93
EBIT Margin	15.21%	34.65%	32.36%	34.22%	-10.35%
Effective Tax Rate	-0.58%	-0.16%	-0.37%	-0.15%	0.41%

Updated Feb 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q