Ardmore Shipping Corporation Announces Financial Results For The Three and Nine Months Ended September 30, 2025
Financial Performance: Ardmore Shipping Corporation reported adjusted earnings of $12.6 million for Q3 2025, a significant decrease from $23.3 million in Q3 2024, with net income attributable to common stockholders at $12.1 million compared to $23.3 million the previous year.
Dividend Declaration: The Board of Directors declared a cash dividend of $0.10 per common share for the quarter ended September 30, 2025, consistent with the company's policy of distributing one-third of adjusted earnings, to be paid on December 12, 2025.
Fleet and Operations Update: As of September 30, 2025, Ardmore operated 27 vessels, including three newly acquired MR tankers, and reported average spot TCE rates of $24,697 per day for MR tankers and $22,611 per day for chemical tankers during Q3 2025.
Geopolitical Impact: Ongoing geopolitical tensions, including the Russia-Ukraine conflict and the Israel-Hamas conflict, have disrupted energy supply chains and contributed to volatility in the shipping market, affecting demand and operational costs for Ardmore.
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Ascencio Acquires Horizon Provence Retail Park for €22.8 Million
- Acquisition Deal: Ascencio has acquired the Horizon Provence retail park in southeastern France for €22.8 million, covering over 12,000 square meters and comprising around twenty retail units, aligning with the company's strategy in premium food retail.
- Optimized Commercial Mix: The retail park centers around the Super U chain, complemented by brands like Krys, Marie Blachère, and Basic Fit, creating a balanced commercial mix that enhances Ascencio's competitiveness in the rapidly growing Provence-Alpes-Côte d’Azur region.
- Sustainability Advantages: The asset is BREEAM certified and features 8 charging stations, nearly 1,500 square meters of photovoltaic panels, and around 1,000 square meters of shading systems, reflecting Ascencio's commitment to sustainability while enhancing the asset's attractiveness.
- Financial Impact: This acquisition is expected to positively impact Ascencio's EPRA earnings per share by €0.07 annually and increase its EPRA LTV ratio by approximately 1.7%, further strengthening the company's financial foundation and long-term value creation capabilities.

Mason Capital Questions Ascent's Sale Process, Proposes Special Committee Formation
- Sale Process Concerns: Mason Capital sent a letter to Ascent's Board highlighting fundamental flaws in EMG's sale process, suggesting an implied present value of approximately $23.87 per share, which could harm all investors' interests.
- Legal Support for Allegations: The letter corroborates the Abu Dhabi Investment Council's lawsuit against EMG, revealing structural conflicts and informational deficiencies that may lead to unfair transaction outcomes.
- Special Committee Proposal: Mason urges the Board to establish an independent Special Committee to ensure that any future transaction paths are evaluated through an independent and informed process, thereby protecting the interests of all stakeholders.
- All-Cash Acquisition Proposal: Mason Capital is prepared to deliver a fully financed all-cash proposal to acquire all outstanding units at a price superior to the EMG transaction, contingent upon a proper governance process and a 45-day go-shop period to maximize value for all members.









