Company: ASC
Filing Date: 2025-11-05
Form Type: 6-K
Source: 0001104659-25-106687
Chunk: 15

Company: Ardmore Shipping Corp
Filing Date: 2025-11-05
Form: 6-K
Chunk 15
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 the relevant subsidiaries from incurring or guaranteeing additional indebtedness, granting certain liens, and selling, transferring, assigning or conveying assets. Our financing facilities do not impose a restriction on dividends, distributions, or returns of capital unless a default is continuing or will result from such payment. The majority of our financing facilities require us to maintain various financial covenants.

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Should we not meet these financial covenants or other covenants, the lenders may declare our obligations under the applicable agreements immediately due and payable, and terminate any further loan commitments, which would significantly affect our short-term liquidity requirements. As of September 30, 2025, we were in compliance with all covenants relating to our financing facilities.

Our debt facilities require us to make interest payments based on the Secured Overnight Financing Rate (“SOFR”). Significant increases in interest rates could adversely affect our results of operations and our ability to repay debt. We regularly monitor interest rate exposure and may enter into swap arrangements to hedge exposure when we consider it economically advantageous to do so. We currently do not have any interest rate swaps in place.

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CASH FLOW DATA Cash Flow Data for the Nine Months Ended September 30, 2025 and September 30, 2024

| ​                                                     
 CASH FLOW DATA                                        | ​                            
 In thousands of U.S. Dollars | ​                 
 Nine Months Ended 
 ​                 |                  ​ 
 September 30, 2025 | ​ | ​ |                  ​ 
 September 30, 2024 |
|:------------------------------------------------------|:-----------------------------|:------------------|-------------------:|:--|:--|-------------------:|
| Net cash provided by operating activities             | ​                            | $                 |             55,435 | ​ | ​ |            137,468 |
| Net cash (used in) investing activities               | ​                            | $                 |           -119,040 | ​ | ​ |            -29,881 |
| Net cash provided by / (used in) financing activities | ​                            | $                 |             63,674 | ​ | ​ |           -106,818 |

Cash provided by operating activities For the nine months ended September 30, 2025, net cash provided by operating activities was $55.4 million compared to net cash provided by operating activities of $137.5 million for the nine months ended September 30, 2024. The change in net