Company: ASC
Filing Date: 2025-07-30
Form Type: 6-K
Source: 0001558370-25-009775
Chunk: 7

Company: Ardmore Shipping Corp
Filing Date: 2025-07-30
Form: 6-K
Chunk 7
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%  |
| (Loss) / gain  from equity method investments  | ​                            | ​                  |          -103 | ​ | ​ |           468 | ​ | ​ |     -571 | ​ | 122% |
| Net Income                                     | ​                            | $                  |         9,599 | ​ | ​ |        62,692 | ​ | ​ |  -53,093 | ​ | -85% |
| Preferred dividends                            | ​                            | ​                  |          -636 | ​ | ​ |          -848 | ​ | ​ |      212 | ​ | 25%  |
| Net Income attributable to common stockholders | ​                            | $                  |         8,963 | ​ | ​ |        61,844 | ​ | ​ |  -52,881 | ​ | -86% |

Revenue.Revenue for the three months ended June 30, 2025, was $72.0 million, a decrease of $49.3 million from $121.3 million for the three months ended June 30, 2024. Our average number of operating vessels was 26.0 for the three months ended June 30, 2025, consistent with 26.0 for the three months ended June 30, 2024. We had 1,975 spot revenue days for the three months ended June 30, 2025, as compared to 2,093 for the three months ended June 30, 2024. We had 23 vessels employed directly in the spot market as of June 30, 2025, as compared to 24 vessels as of June 30, 2024. Decreases in spot rates during the three months ended June 30, 2025 resulted in a decrease in revenue of $40.0 million, while the decrease in spot revenue days resulted in a decrease in revenue of $6.7 million for the three months ended June 30, 2025, as compared to the three months ended June 30, 2024. We had three product tankers employed under time charter as of June 30, 2025, compared to two as of June 30, 2024. We had 218 revenue days derived from time charters for the three months ended June 30, 2025, as compared to 186 revenue days for the three months ended June 30, 2024. The increase in revenue days for time-chartered vessels