Overview

* Ardmore Shipping ( ASC ) Q2 adj attributable net income falls to $9.0 mln from $47.6 mln in 2024

* Q2 revenue of $72.0 mln missed analyst expectations, per LSEG data

* Co to acquire three MR tankers for $103.9 mln, deliveries by Q3 2025

Outlook

* Ardmore expects Q3 MR Eco-Design tanker TCE rate at $25,450 per day

* Company anticipates Q3 chemical tanker TCE rate at $21,650 per day

* Ardmore cites geopolitical tensions affecting shipping industry demand

* Company highlights economic uncertainty impacting future vessel demand

Result Drivers

* SPOT MARKET CHALLENGES - Decrease in spot rates and fewer spot revenue days led to a significant drop in revenue

* GEOPOLITICAL IMPACT - Geopolitical conflicts have disrupted trading patterns and contributed to increased spot tanker rates

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $72 mln $44.90

Revenue mln (3

Analysts

)

Q2 Beat $0.22 $0.17 (3

Adjusted Analysts

EPS )

Q2 EPS $0.22

Q2 Beat $9 mln $7.64

Adjusted mln (3

Attribut Analysts

able Net )

Income

Q2 Net $9 mln

Income

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)