Ardmore Shipping Corporation (ASC)

Ardmore Shipping Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	373.48	405.78	395.98	445.74	192.48	220.06
Revenue Growth (YoY)	-2.75%	2.48%	-11.16%	131.57%	-12.53%	-4.34%
Cost of Revenue	220.53	219.21	214.79	232.9	161.51	151.37
Gross Profit	152.95	186.57	181.19	212.84	30.97	68.69
Selling, General & Admin	28.1	28.04	25.24	24.11	19.2	17.9
Operating Expenses	59.02	58.28	53.06	53.38	50.9	50.09
Operating Income	93.93	128.29	128.13	159.45	-19.93	18.6
Interest Expense	-5.19	-6.78	-11.41	-15.54	-16.2	-18.17
Interest & Investment Income	1.38	1.82	1.82	0.47	0.06	0.28
Earnings From Equity Investments	-4.35	-4.51	-1.04	-0.2	-0.32	-
Other Non Operating Income (Expenses)	0.66	0.66	-0.26	2.96	0.28	-0.11
EBT Excluding Unusual Items	86.43	119.47	117.24	147.15	-36.11	0.6
Gain (Loss) on Sale of Assets	12.32	12.32	-	-6.92	-	-6.45
Other Unusual Items	1.43	1.43	-	-1.58	-0.57	-
Pretax Income	100.18	133.22	117.24	138.66	-36.68	-5.85
Income Tax Expense	0.16	0.22	0.44	0.21	0.15	0.2
Net Income	100.02	133.01	116.81	138.45	-36.83	-6.05
Preferred Dividends & Other Adjustments	4.18	4.4	3.4	3.4	1.25	-
Net Income to Common	95.84	128.61	113.41	135.05	-38.09	-6.05
Net Income Growth	-10.66%	13.87%	-15.63%	-	-	-
Shares Outstanding (Basic)	41	42	41	37	34	33
Shares Outstanding (Diluted)	42	42	42	38	34	33
Shares Change (YoY)	-0.39%	0.53%	9.02%	13.21%	1.93%	0.43%
EPS (Basic)	2.31	3.09	2.76	3.63	-1.12	-0.18
EPS (Diluted)	2.30	3.06	2.71	3.52	-1.12	-0.18
EPS Growth	-11.43%	12.91%	-23.01%	-	-	-
Free Cash Flow	86.18	99.43	134.23	120.4	-5.52	25.19
Free Cash Flow Per Share	2.07	2.37	3.21	3.14	-0.16	0.76
Dividend Per Share	0.690	0.950	0.910	0.450	-	-
Dividend Growth	-20.69%	4.40%	102.22%	-	-	-
Gross Margin	40.95%	45.98%	45.76%	47.75%	16.09%	31.21%
Operating Margin	25.15%	31.61%	32.36%	35.77%	-10.35%	8.45%
Profit Margin	25.66%	31.69%	28.64%	30.30%	-19.79%	-2.75%
Free Cash Flow Margin	23.08%	24.50%	33.90%	27.01%	-2.87%	11.45%
EBITDA	124.85	158.53	155.95	188.73	11.78	50.79
EBITDA Margin	33.43%	39.07%	39.38%	42.34%	6.12%	23.08%
D&A For EBITDA	30.92	30.24	27.82	29.28	31.7	32.19
EBIT	93.93	128.29	128.13	159.45	-19.93	18.6
EBIT Margin	25.15%	31.61%	32.36%	35.77%	-10.35%	8.45%
Effective Tax Rate	0.16%	0.16%	0.37%	0.15%	-	-

Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q