Ardmore Shipping Corp ASC
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Market cap
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No price or market cap here: this company files no 10-K, so the only share count SEC publishes for it counts its ordinary shares in its home market, while its US listing is a depositary receipt standing for some number of them. That number is in no filing, so a price multiplied by that count is not this company's value and is not shown. The financial statements below are as filed.
Valuation FY2025 figures against the last close
P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.88
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $310.2M | $405.8M | $396.0M | $445.7M | $192.5M | $220.1M | $230.0M | $210.2M | $195.9M | $164.4M |
| SG&A | — | — | — | — | — | — | — | — | $0 | $0 |
| Total operating expenses | — | — | — | — | — | — | — | $219.8M | $187.4M | $140.4M |
| Operating income | — | — | — | — | — | — | — | -$9.6M | $8.5M | $24.0M |
| Interest expense | $6.1M | $6.8M | $11.4M | $15.5M | $16.2M | $18.2M | $26.8M | $27.4M | $21.4M | $17.8M |
| Pre-tax income | $41.6M | $137.7M | $118.3M | $138.9M | -$36.4M | -$5.8M | -$22.8M | -$42.8M | -$12.4M | $3.8M |
| Income tax | $241.0K | $215.0K | $435.0K | $207.0K | $150.0K | $199.0K | $58.8K | $162.9K | $59.6K | $60.4K |
| Net income | $41.0M | $133.0M | $116.8M | $138.5M | -$36.8M | -$6.0M | -$22.9M | -$42.9M | -$12.5M | $3.7M |
| EPS, basic | 0.89 | 3.09 | 2.76 | 3.63 | -1.12 | -0.18 | -0.69 | — | — | — |
| EPS, diluted | 0.88 | 3.06 | 2.71 | 3.52 | -1.12 | -0.18 | -0.69 | -1.31 | -0.37 | 0.12 |
| Shares, diluted (wtd. avg.) | $40.8M | $42.0M | $41.8M | $38.4M | $33.9M | $33.2M | $33.1M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $46.8M | $47.0M | $46.8M | $50.6M | $55.4M | $58.4M | $51.7M | $56.9M | $39.5M | $56.0M |
| Receivables | $47.5M | $60.9M | $56.2M | $79.8M | $20.3M | $17.8M | $30.1M | $27.5M | $27.3M | $23.1M |
| Inventory | $8.9M | $11.3M | $12.6M | $15.7M | $11.1M | $10.3M | $10.2M | $12.8M | $9.6M | $7.3M |
| Total current assets | $111.8M | $126.5M | $126.8M | $157.7M | $94.2M | $102.5M | $98.0M | $109.5M | $83.9M | $93.8M |
| Property, plant and equipment | $638.1M | $545.6M | $524.0M | $531.4M | $603.2M | $631.5M | $660.8M | $721.5M | $751.8M | $785.5M |
| Total assets | $788.7M | $704.8M | $691.0M | $723.9M | $724.5M | $752.0M | $772.4M | $844.8M | $845.5M | $883.6M |
| Short-term debt | — | — | $6.4M | $12.9M | $15.1M | $22.5M | $20.2M | $22.8M | $37.1M | $41.8M |
| Total current liabilities | $25.8M | $29.8M | $33.8M | $52.9M | $58.5M | $62.9M | $60.4M | $75.5M | $58.3M | $59.0M |
| Long-term debt | $127.0M | $38.8M | $39.6M | $115.9M | $130.0M | $188.1M | $187.1M | $205.5M | $367.4M | $411.4M |
| Total liabilities | $154.4M | $69.4M | $116.5M | $217.4M | $395.5M | $431.7M | — | — | — | — |
| Retained earnings | $188.8M | $164.9M | $81.4M | $15.1M | -$119.9M | -$81.8M | -$75.8M | -$52.9M | -$9.6M | $2.9M |
| Total equity | $634.3M | $607.6M | $537.4M | $469.4M | $292.0M | $320.3M | $326.1M | $346.6M | $381.0M | $404.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $81.6M | $160.4M | $159.6M | $124.2M | -$2.9M | $46.1M | $20.5M | $9.4M | $18.4M | $42.6M |
| Depreciation and amortisation | $33.8M | $30.2M | $27.8M | $29.3M | $31.7M | $32.2M | $32.3M | $35.1M | $34.3M | $30.1M |
| Stock-based compensation | $2.8M | $4.7M | $3.2M | $3.1M | $2.6M | $3.0M | $2.3M | $1.6M | $457.0K | $1.3M |
| Capital expenditure | — | — | — | — | — | — | — | $52.4K | $12.3K | $530.7K |
| Investing cash flow | -$121.0M | -$33.0M | -$26.8M | $35.4M | $1.6M | -$21.0M | $23.9M | -$17.6M | -$2.3M | -$122.3M |
| Financing cash flow | $39.2M | -$127.3M | -$136.5M | -$164.5M | -$1.7M | -$18.5M | -$49.5M | $25.6M | -$32.6M | $95.5M |
| Dividends paid | $12.2M | $45.1M | $47.2M | — | — | $1.7M | $0 | $0 | $0 | $9.3M |
| Buybacks | — | $17.9M | — | — | — | $287.0K | $0 | $0 | $11.3M | $3.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-024690.
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