MARKETS / NYSE / Industrials / Water transportation / ASC

NYSE · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · MID CAP

Ardmore Shipping Corp. ASC

15 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$310.2M

▼ 23.6% YoY

Net income

$41.0M

▼ 69.2% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Ardmore Shipping provides seaborne transportation of petroleum products and chemicals worldwide to oil majors, national oil companies, oil and chemical traders, and chemical companies with its fleet of mid-size product and chemical tankers. As of March 6, 2026, its fleet consisted of 25 owned vessels and one chartered-in vessel, all of which were in operation. As of December 31, 2025, it employed 57 full-time staff onshore, while approximately 940 seafarers, including 496 officers and cadets and 444 crew, served its fleet through AASML, its 50%-owned joint venture ship manager. Its customers include national, regional and international companies, and all but five of its vessels are employed directly on the tanker spot market through its in-house chartering and commercial team. It maintains its principal executive and management offices at Dorchester House, 7 Church Street, Hamilton, HM11, Bermuda. Ardmore Shipping Corporation was incorporated under the laws of the Republic of the Marshall Islands on May 14, 2013, having commenced business operations through its predecessor company, Ardmore Shipping LLC, on April 15, 2010.

Written from the business description in Ardmore Shipping Corp's annual report to the U.S. Securities and Exchange Commission, filed 6 March 2026. Every sentence was checked against that document before publication.

Growth

USD 310.2M

Revenue, FY2025 · full 15-year series below

Revenue $M Net income $M

FY2025 · Revenue 310.2 · Net income 41.0

200M400M

201120142017202020232025

Compound annual growth

Revenue

−11.4%

+7.1%

+7.0%

Net income

−33.3%

+2.5%

EPS, diluted

−37.0%

−3.3%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +7.1% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

13 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating · · Net 13.2%

10%20%30%-10%-20%

201120182025

ROE

FY2025 · ROE 6.6%

10%20%30%-5%-10%

201120182025

Three returns, three denominators.

Return on equity6.6%

Return on assets5.5%

Return on capital employedNot available: we don't have a clean operating profit figure for this period.

Gross margin·

Operating margin·

Net margin13.2%

EBITDA·

Each USD of equity produced 7 cents of profit this year.

Cash & shareholders

USD 12.2M

returned in FY2025 · dividends + net buybacks

Net buybacks $M Dividends $M

FY2025 · Dividends 12.2 · Net buybacks ·

25.0M50.0MDividendsNet buybacks

2011201320152017201920232025

Dividends paidUSD 12.2M

Net buybacks·

Share of profit29.7%

Consecutive raises·

USD 12.2M in dividends — 30% of the year's profit went back to shareholders.

Total assetsUSD 788.7M

EquityUSD 634.3M

CashUSD 46.8M

Gross debtUSD 127.0M

Net debtUSD 80.2M

Current ratio4.33×

Net debt stands at 13% of equity.

The 15-year record

15 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data

ASC, 15-year financial record
Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Revenue $B	0.3	0.4	0.4	0.4	0.2	0.2	0.2	0.2	0.2	0.2	0.2	0.1	0.0	0.0	0.0
Operating income $B	◌	◌	◌	◌	◌	◌	◌	−0.0	0.0	0.0	0.0	0.0	−0.0	−0.0	0.0
EBITDA $B	◌	◌	◌	◌	◌	◌	◌	0.0	0.0	0.1	0.1	0.0	0.0	0.0	0.0
Income tax $B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.0	0.1	0.1	0.1	−0.0	−0.0	−0.0	−0.0	−0.0	0.0	0.0	0.0	−0.0	−0.0	−0.0
EPS, diluted $	0.88	3.06	2.71	3.52	−1.12	−0.18	−0.69	−1.31	−0.37	0.12	1.23	0.07	−0.31	−0.56	−0.37
Dividend / sh $	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	◌	0.07	◌	◌
Payout %	30	34	40	—	—	−27	−0	−0	−0	249	41	580	−31	−0	−0
ROE %	6.6	23.2	23.2	36.4	−12.0	−1.9	−6.8	−11.8	−3.2	1.0	9.5	0.6	−2.3	−5.3	−4.8
Shares out B	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.01	◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Other companies filing in the same sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 58 reconciliationsAUDITED

Reconciled in 15 of the 15 fiscal years we could check. 10 checks were skipped: the balance sheet is not tagged before 2012. Four checks were skipped: EPS is not tagged before 2011.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityDeep Sea Foreign Transportation of Freight

Listed onNYSE

Incorporated inoutside the United States — SEC code 1T

Fiscal year endsDecember 31

Data on record since2011