Company: ASC
Filing Date: 2025-03-07
Form Type: 20-F
Source: 0001558370-25-002500
Chunk: 162

Company: Ardmore Shipping Corp
Filing Date: 2025-03-07
Form: 20-F
Item: Item 19
Chunk 162
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 Act of 2002.  
  15.1*       Consent of Independent Registered Public Accounting Firm (Deloitte & Touche LLP)                                                                          
  97*         Incentive Compensation Recovery Policy adopted on September 27, 2023.                                                                                     
  101*        The following materials from the Company’s Annual Report on Form 20-F for the fiscal year ended December 31, 2024, formatted in Inline XBRL:              
  104         Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).                                                                 

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SIGNATURE

The registrant hereby certifies that it meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this Annual Report on its behalf.

  ARDMORE SHIPPING CORPORATION                                     
  By:                               /s/ Gernot Ruppelt             
                                    Gernot Ruppelt                 
                                    Chief Executive Officer        
                                    (Principal Executive Officer)  

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TABLE OF CONTENTS

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS OF ARDMORE SHIPPING CORPORATION

  Report of Independent Registered Public Accounting Firm                                                                                             F-2   
  Audited consolidated financial statements                                                                                                                 
  Consolidated Balance Sheets as of December 31, 2024 and 2023                                                                                        F-5   
  Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022                                                          F-6   
  Consolidated Statements of Comprehensive Income for the years ended December 31, 2024, 2023 and 2022                                                F-7   
  Consolidated Statements of Changes in Redeemable Preferred Stock and Stockholders’ Equity for the years ended December 31, 2024, 2023 and 2022      F-8   
  Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023 and 2022                                                          F-9   
  Notes to consolidated financial statements                                                                                                          F-11  

F-1

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Report of Independent Registered Public Accounting Firm

To the shareholders and the Board of Directors of Ardmore Shipping Corporation:

Opinions on the Financial Statements and Internal Control over Financial Reporting

We have audited the accompanying consolidated balance sheets of Ardmore Shipping Corporation and subsidiaries ­(the "Company") as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive