Company: ASC
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001558370-25-009775
Chunk: 15

Company: Ardmore Shipping Corp
Filing Date: 2025-07-30
Form: 6-K
Chunk 15
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 use interest rate swaps to reduce our exposure to market risk from changes in interest rates. We currently do not have any interest rate swaps in place.

The shares of our Series A Preferred Stock (described in Note 6) accrue cumulative dividends, and so long as any share of the Series A Preferred Stock remains outstanding, no cash dividend may be declared or paid on our shares of common stock unless, among other things, all accrued and unpaid dividends have been paid on the Series A Preferred Stock.

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CASH FLOW DATA Cash Flow Data for the Six Months Ended June 30, 2025 and June 30, 2024

| ​                                         
 CASH FLOW DATA                            | ​                            
 In thousands of U.S. Dollars | ​                
 Six Months Ended 
 ​                |             ​ 
 June 30, 2025 | ​ | ​ |             ​ 
 June 30, 2024 |
|:------------------------------------------|:-----------------------------|:-----------------|--------------:|:--|:--|--------------:|
| Net cash provided by operating activities | ​                            | $                |        37,490 | ​ | ​ |        97,588 |
| Net cash (used in) investing activities   | ​                            | $                |       -14,663 | ​ | ​ |       -28,584 |
| Net cash (used in) financing activities   | ​                            | $                |       -20,336 | ​ | ​ |       -68,413 |

Cash provided by operating activities For the six months ended June 30, 2025, net cash provided by operating activities was $37.5 million compared to net cash provided by operating activities of $97.6 million for the six months ended June 30, 2024. The change in net cash provided by operating activities was primarily due to lower net income of $15.9 million for the six months ended June 30, 2025 compared with $101.9 million for the six months ended June 30, 2024, along with a decrease in receivables of $8.0 million during the three and six months ended June 30, 2025, compared to an increase in receivables of $18.9 million and a gain on sale of the Ardmore Seafarerof $12.3 million during the three months ended June 30, 2024. Cash (used in) investing activities For the six months ended