Company: ASC
Filing Date: 2025-11-05
Form Type: 6-K
Source: 0001104659-25-106687
Chunk: 16

Company: Ardmore Shipping Corp
Filing Date: 2025-11-05
Form: 6-K
Chunk 16
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 cash provided by operating activities was primarily due to lower net income of $28.6 million for the nine months ended September 30, 2025 compared with $126.1million for the nine months ended September 30, 2024, along with a decrease in receivables of $7.3 million during the three and nine months ended September 30, 2025, compared to an increase in receivables of $8.8 million and a gain on sale of the Ardmore Seafarerof $12.3 million during the three months ended September 30, 2024. Cash (used in) investing activities For the nine months ended September 30, 2025, net cash used in investing activities was $119.0 million. Payments for the acquisition of vessels and vessel equipment were $113.4 million. Advances for vessel equipment were $5.4 million and payments for other non-current assets were $0.3 million. For the nine months ended September 30, 2024, net cash used in investing activities was $29.9 million. Payments for the acquisition of vessels and vessel equipment were $58.1 million, and payments for other non-current assets of $0.3 million were partially offset by net proceeds from the sale of the Ardmore Seafarerof $26.8 million and payments received for equity investments of $1.7 million. Cash provided by / (used in) financing activities For the nine months ended September 30, 2025, net cash used in financing activities was $63.7 million. Proceeds from revolving credit facilities were $152.5 million and repayments under revolving credit facilities totaled $78.8 million. Payment of cash dividends on our shares of common stock was $8.1 million, and payments of dividends on shares of our Series A Redeemable Preferred Stock were $1.9 million. For the nine months ended September 30, 2024, net cash used in financing activities was $106.8 million. Repayments under revolving credit facilities totaled $91.2 million, and proceeds from revolving credit facilities were $68.4 million. Repayments of finance leases were $42.3 million, and repayments of long-term debt were $1.7 million. Payments of cash dividends on our shares of common stock were $37.5 million and dividend payments on shares of our Series A Redeemable Preferred Stock were $2.6 million.

10

CAPITAL EXPENDIT