Welcome to our dedicated page for Ardmore Shipping SEC filings (Ticker: ASC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Ardmore Shipping Corporation's SEC filings document its foreign private issuer reporting for a product and chemical tanker operator. Form 6-K reports attach quarterly and annual results releases, including fleet composition, voyage and time-charter activity, time charter equivalent performance, operating expenses, vessel transactions, dividend declarations and non-GAAP reconciliations.
The company's filing record also includes Form 20-F annual reporting references, proxy materials for annual meeting matters and registration statements on Form F-3 and Form S-8. These disclosures cover board and shareholder governance, common stock and restricted stock units, the completed redemption of Series A Preferred Stock, revolving and working-capital facilities, and corporate finance registration references.
Ardmore Shipping reported stronger quarterly results but sharply lower full-year earnings. For the three months ended December 31, 2025, net income attributable to common stockholders rose to $9.3 million, or $0.23 per share, up from $5.1 million, or $0.12 per share a year earlier, as higher spot rates lifted the fleet TCE to $23,524 per day and voyage expenses declined.
For the full year 2025, net income attributable to common stockholders fell to $36.1 million from $128.6 million, with revenue down to $310.2 million from $405.8 million amid fewer spot days and vessel sales in 2024. Adjusted EBITDA decreased to $86.6 million from $162.2 million. Ardmore fully redeemed its Series A preferred stock, recognizing a $2.2 million loss on extinguishment, and ended 2025 with liquidity of $272.2 million, including $46.8 million in cash and $225.4 million of undrawn revolving credit. The board declared a quarterly common dividend of $0.09 per share, based on one‑third of adjusted earnings for dividend purposes, payable March 13, 2026.
Ardmore Shipping (ASC) insider Mark Cameron has filed a notice of proposed sale of company stock under Rule 144. The filing indicates a planned sale of 33,784 shares of common stock, to be executed through broker Stifel Nicolaus & Company on or about 12/31/2025 on the NYSE. The securities outstanding are listed as 40,700,000 shares of common stock.
The shares to be sold were acquired on 12/31/2025 as restricted stock units granted by the issuer as equity compensation. The form also reports that over the past three months, Mark Cameron sold 67,169 shares of common stock on 11/07/2025 for gross proceeds of 858,420.00. By signing the notice, the seller represents that he is not aware of any undisclosed material adverse information about Ardmore Shipping’s current or prospective operations.
ASC: A shareholder filed a Form 144 notice to sell up to 67,169 shares of common stock. The filing lists an aggregate market value of $859,763, with sales intended on the NYSE through Stifel Nicolaus & Company, Inc. on or about 11/07/2025.
The table shows 40,455,240 shares outstanding. The shares to be sold were acquired via restricted stock units on multiple dates in 2024–2025, including 24,440 on 05/20/2024, 9,645 on 03/03/2025, and 32,595 on 03/30/2025.
Ardmore Shipping (ASC) reported Q3 2025 results showing softer market conditions. Net revenue was $81.2 million versus $96.1 million a year ago, and net income was $12.8 million versus $24.1 million. EPS was $0.30. The average TCE rate was $23,475 per day, down from $26,628, reflecting fewer spot revenue days and lower spot rates, partially offset by more time-charter days.
The company grew and refreshed its fleet, taking delivery of three modern Korean-built MR tankers for $103.9 million and fixing a 2014-built MR on a two-year charter at $21,250 per day. Liquidity stood at $296.0 million as of September 30, 2025, including $47.1 million in cash and $248.9 million of undrawn revolvers. Ardmore closed a new $350 million revolving credit facility (SOFR + 1.80%) maturing in 2031, with $110 million drawn at quarter-end.
The Board declared a $0.10 per-share cash dividend for Q3 2025, payable December 12, 2025 to holders of record on November 28, 2025. Subsequent to quarter-end, Ardmore fully redeemed all outstanding Series A Preferred Stock for $30.6 million at 102% of liquidation preference.
Teekay Tankers Ltd. filed Amendment No. 1 to Schedule 13G on Ardmore Shipping Corporation (ASC), reporting passive beneficial ownership of Ardmore’s common stock. As of 09/23/2025 (date of event), Teekay Tankers reported 1,550,305 shares with 3.81% of the class.
Teekay Tankers disclosed sole voting power and sole dispositive power over 1,550,305 shares, with no shared power. The filing includes the standard 13G certification stating the securities were not acquired and are not held to change or influence control of Ardmore.
The filer indicates ownership of 5 percent or less of the class, aligning the disclosure with a passive, sub‑5% stake.
Q2 2025 results (ASC): Net revenue fell 41% YoY to $72.0 m as average TCE dropped 40% to $22,468/day; net income attributable to common shareholders slumped 86% to $9.0 m ($0.22/sh). Six-month revenue declined 36% to $146.0 m, with net income down 85% to $14.6 m.
Drivers: Spot exposure (≈90% of days) hurt by weaker MR product-tanker rates (-$15k/day YoY). Voyage costs fell 27% on lower bunker and port charges, partly cushioning margin pressure. Fleet size remained 26 vessels.
Balance sheet/liquidity: Only $25 m of debt outstanding after term-loan conversion; cash $49.5 m plus $193.8 m undrawn revolvers gives $243 m liquidity. In July the company closed a new $350 m, seven-year SOFR+1.80% revolving facility secured on 20 ships.
Capital allocation: Board declared $0.07 quarterly dividend (≈1/3 of adjusted earnings) payable 12 Sep 2025. Preferred dividend of $0.636 m accrued.
Growth: Agreements to acquire three Korean-built MR tankers (1×2020 scrubber-fitted, 2×2017) for $103.9 m; deliveries expected Q3 2025 and financed with cash and revolvers. Scrubber count will rise to 13 of 22 owned ships by year-end.
Outlook & risks: Management notes rate volatility driven by Red Sea disruptions, Ukraine war and tariffs. Company expects sufficient liquidity for near-term needs but earnings remain highly sensitive to spot MR rates.