Ardmore Shipping Corporation Announces Improved Third Quarter Financial Results

Ardmore Shipping Corporation announced results for the three and nine months ended September 30, 2026.

Reported net income attributable to common stockholders of $16.3 million for the three months ended September 30, 2026, or $0.40 earnings per basic and diluted share, compared to net income attributable to common stockholders of $12.1 million, or $0.30 earnings per basic and diluted share, for the three months ended September 30, 2025. We reported Adjusted earnings of $16.3 million for the three months ended September 30, 2026, or $0.40 Adjusted earnings per basic and diluted share, compared to Adjusted earnings of $12.6 million for the three months ended September 30, 2025, or $0.31 Adjusted earnings per basic and diluted share. (See reconciliation of net income to Adjusted earnings in the Non-GAAP Measures section).

Reported net income attributable to common stockholders of $100.4 million for the nine months ended September 30, 2026, or $2.46 earnings per basic share and $2.45 earnings per diluted share, compared to net income attributable to common stockholders of $26.7 million, or $0.66 earnings per basic and diluted share, for the nine months ended September 30, 2025. We reported Adjusted earnings of $88.2 million for the nine months ended September 30, 2026, or $2.16 Adjusted earnings per basic share, and $2.15 per diluted share, compared to Adjusted earnings of $27.2 million, or $0.67 Adjusted earnings per basic and diluted share for the nine months ended September 30, 2025. (See reconciliation of net income to Adjusted earnings in the Non-GAAP Measures section with the main driver of the variance being the $12.2 million gain on the sale of the Ardmore Engineer in June 2026).

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