In the course of the quarter, Ardmore took supply of three Korean-built MR tankers, acquired for a complete of $103.9 million. The acquisitions had been financed by money readily available and financial institution debt. On October 31, 2025, the corporate additionally absolutely redeemed all excellent shares of its Sequence A most well-liked inventory for $30.6 million.
Within the third quarter, Ardmore’s MR tankers earned a mean spot TCE fee of $24,697 per day, whereas its chemical tankers earned $22,611 per day. For the fourth quarter, roughly 40 per cent of MR tanker days are fastened at a mean fee of $24,900 per day, and 35 per cent of chemical tanker days are fastened at $22,200 per day.
In keeping with its variable dividend coverage, the board of administrators declared a money dividend of $0.10 per widespread share for the third quarter, payable on December 12, 2025.
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