Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2023, an Increase to its Quarterly Dividend, and Replenishment of its 2023 Securities Repurchase Program Exhibit 99.1 For the nine months ended September 30, 2022, the Company had net income of $372.8 million, or $6.74 basic and $6.07 diluted earnings per share. MONACO--(GLOBE NEWSWIRE - November 9, 2023) - Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three and nine months e ...

Scorpio Tankers Inc. (NYSE:STNG) Q2 2023 Earnings Conference Call August 2, 2023 8:30 AM ET Company Participants James Doyle - Head of Corporate Development & Investor Relations Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Brian Lee - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies John Chappell - Evercore Nathan Ho - Bank of America Samuel Bland - JP Morgan Frode Morkedal - Clarkson Securities Sherri Elmaghrabi - BTIG Liam Burke - B. Riley FBR Christopher R ...

Exhibit 99.1 On May 1, 2023, the Board of Directors declared a quarterly cash dividend of $0.25 per common share, with a payment date of June 30, 2023 to all shareholders of record as of June 13, 2023 (the record date). As of May 1, 2023, there were 59,455,820 common shares of the Company outstanding. Transition to a New CFO in September 2023 The Company announced that Brian Lee, the Chief Financial Officer, will be stepping down at the end of September 2023 and will be replaced by Christopher Avella. Mr. L ...

Scorpio Tankers Inc. (NYSE:STNG) Q1 2023 Results Conference Call May 2, 2023 8:00 AM ET Company Participants James Doyle - Head of Corporate Development and Investor Relations Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Cameron Mackey - Chief Operating Officer Brian Lee - Chief Financial Officer Lars Dencker Nielsen - Commercial Director Conference Call Participants John Chappell - Evercore Omar Nokta - Jefferies Samuel Bland - JP Morgan Kenneth Hoexter - Bank of America Frode Morkeda ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ OR ¨ SHELL COMPANY REPOR ...

Exhibit 99.1 Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2022 and an Increase to its Quarterly Dividend MONACO--(GLOBE NEWSWIRE - February 16, 2023) - Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months and year ended December 31, 2022. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the Company's common stock. Results for the three months ende ...

Call Start: 8:30 January 1, 0000 9:28 AM ET Scorpio Tankers Inc. (NYSE:STNG) Q4 2022 Earnings Conference Call February 16, 2022 8:30 AM ET Company Participants James Doyle - Head of Corporate Development and IR Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Brian Lee - Chief Financial Officer Cameron Mackey - Chief Operating Officer Lars Dencker Nielsen - Commercial Director Conference Call Participants Omar Nokta - Jefferies Jonathan Chappell - Evercore ISI Ken Hoexter - Bank of Ameri ...

This presentation includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Scorpio Tankers Inc.'s ("Scorpio's") current views with respect to future events and financial performance. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect" and similar expressions identify forward-looking statements. ...

[Financial Highlights](index=1&type=section&id=Financial%20Highlights) [Third Quarter 2022 Financial Performance](index=1&type=section&id=Third%20Quarter%202022%20Financial%20Performance) Scorpio Tankers achieved a significant financial turnaround in Q3 2022, reporting substantial net income and adjusted net income, driven by a strong tanker market Q3 Financial Performance Comparison (2022 vs. 2021) | Metric | Q3 2022 | Q3 2021 | | :--- | :--- | :--- | | **Net Income / (Loss)** | $266.2 million | ($73.3 million) | | Basic EPS / (LPS) | $4.84 | ($1.34) | | Diluted EPS / (LPS) | $4.31 | ($1.34) | | **Adjusted Net Income / (Loss)** | $264.8 million | ($76.1 million) | | Adjusted Basic EPS / (LPS) | $4.81 | ($1.39) | | Adjusted Diluted EPS / (LPS) | $4.29 | ($1.39) | [Nine Months 2022 Financial Performance](index=1&type=section&id=Nine%20Months%202022%20Financial%20Performance) For the first nine months of 2022, the company achieved substantial net income, reversing prior-year losses and reflecting sustained positive market conditions Nine-Month Financial Performance Comparison (2022 vs. 2021) | Metric | Nine Months 2022 | Nine Months 2021 | | :--- | :--- | :--- | | **Net Income / (Loss)** | $372.8 million | ($188.4 million) | | Basic EPS / (LPS) | $6.74 | ($3.46) | | Diluted EPS / (LPS) | $6.07 | ($3.46) | | **Adjusted Net Income / (Loss)** | $446.0 million | ($184.5 million) | | Adjusted Basic EPS / (LPS) | $8.06 | ($3.38) | | Adjusted Diluted EPS / (LPS) | $7.21 | ($3.38) | [Operational and Corporate Developments](index=1&type=section&id=Operational%20and%20Corporate%20Developments) [Time Charter Equivalent (TCE) Revenue Performance](index=1&type=section&id=Time%20Charter%20Equivalent%20%28TCE%29%20Revenue%20Performance) The company experienced a dramatic increase in earnings, with average daily TCE revenue surging in Q3 2022 across all vessel classes, and Q4 2022 bookings indicate continued strength Q4 2022 Bookings Summary (as of Nov 1, 2022) | Vessel Class | Avg. Daily TCE Revenue | % of Days Booked | | :--- | :--- | :--- | | LR2 | $58,000 | 55% | | MR | $43,000 | 42% | | Handymax | $44,000 | 36% | Q3 2022 Achieved TCE Revenue | Vessel Class | Pool / Spot TCE | Time Charters TCE | | :--- | :--- | :--- | | LR2 | $50,765 | $26,710 | | MR | $42,463 | $20,548 | | Handymax | $46,231 | N/A | [Capital Allocation and Shareholder Returns](index=1&type=section&id=Capital%20Allocation%20and%20Shareholder%20Returns) The company maintained its commitment to shareholder returns by declaring a quarterly cash dividend and actively repurchasing common shares, signaling confidence in its financial position - The Board of Directors declared a quarterly cash dividend of **$0.10 per common share**[9](index=9&type=chunk) - Since July 2022, the company has repurchased **3,120,341** of its common shares at an average price of **$38.66 per share**[12](index=12&type=chunk) - A new Securities Repurchase Program was authorized on October 31, 2022, allowing for the purchase of up to **$250 million** of the Company's securities, including common shares and notes[12](index=12&type=chunk)[14](index=14&type=chunk) [Fleet and Debt Management](index=3&type=section&id=Fleet%20and%20Debt%20Management) The company is actively managing its fleet and balance sheet by exercising purchase options on 17 vessels to reduce debt, complemented by vessel sales and multiple debt repayments - The company has given notice to exercise purchase options on an aggregate of **17 vessels**, which is expected to result in a debt reduction of **$302.2 million**[12](index=12&type=chunk) - In 2022, the company sold **18 vessels** (3 LR2s, 12 LR1s, 3 MRs), raising a total of **$265.3 million** in new liquidity after debt repayment[13](index=13&type=chunk) - In August 2022, the company exercised purchase options on **six MR product tankers**, resulting in an aggregate debt reduction of **$95.0 million**[12](index=12&type=chunk)[16](index=16&type=chunk) - In October 2022, the company repaid **$17.5 million** in outstanding debt for one LR2 product tanker[12](index=12&type=chunk)[22](index=22&type=chunk) [Financial Position and Outlook](index=6&type=section&id=Financial%20Position%20and%20Outlook) [Liquidity](index=6&type=section&id=Liquidity) As of October 28, 2022, Scorpio Tankers maintained a strong liquidity position with $490.9 million in unrestricted cash and cash equivalents, with additional funds anticipated from Scorpio pools - As of October 28, 2022, the Company had **$490.9 million** in unrestricted cash and cash equivalents[30](index=30&type=chunk) - An additional estimated **$105 million** was expected from Scorpio pools for the October monthly cash distribution[30](index=30&type=chunk) [Debt Profile](index=7&type=section&id=Debt%20Profile) The company has actively reduced its gross debt to $2.44 billion as of October 28, 2022, with a detailed repayment schedule outlining significant maturities and scheduled repayments through 2024 and beyond Debt and Net Debt Summary (in thousands USD) | Date | Gross Debt Outstanding | Cash and Cash Equivalents | Net Debt | | :--- | :--- | :--- | :--- | | June 30, 2022 | $2,652,424 | $359,528 | $2,292,896 | | Sep 30, 2022 | $2,478,885 | $467,635 | $2,011,250 | | Oct 28, 2022 | $2,442,835 | $490,903 | $1,951,932 | Future Principal Repayment Schedule (as of Sep 30, 2022, in millions USD) | Period | Total Repayments | Vessel Repurchases | Scheduled Repayments | | :--- | :--- | :--- | :--- | | Q4 2022 | $259.2 | $218.8 | $40.4 | | Q1 2023 | $78.9 | $27.8 | $51.1 | | Q2 2023 | $84.1 | $27.8 | $56.3 | | Q3 2023 | $77.4 | $27.8 | $49.6 | | 2024 and thereafter | $1,887.6 | — | $1,613.8 | [Capital Expenditures](index=6&type=section&id=Capital%20Expenditures) The company has outlined its estimated capital expenditures for drydocks, ballast water treatment systems, and scrubber installations through 2023, with the largest outlays expected in Q4 2022 and Q1 2023 Estimated Capital Expenditures and Offhire Days (2022-2023) | Period | Aggregate Costs (millions USD) | Aggregate Offhire Days | Vessels Commencing Work | | :--- | :--- | :--- | :--- | | Q3 2022 (actual) | $3.6 | 71 | 4 MRs | | Q4 2022 (est.) | $12.5 | 139 | 5 MRs | | Q1 2023 (est.) | $12.8 | 150 | 4 MRs | | Q2 2023 (est.) | $9.3 | 190 | 5 MRs | | Q4 2023 (est.) | $2.0 | 40 | 1 MR | [Consolidated Financial Statements (Unaudited)](index=11&type=section&id=Consolidated%20Financial%20Statements%20%28Unaudited%29) [Condensed Consolidated Statements of Income or Loss](index=11&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income%20or%20Loss) The income statement highlights a substantial increase in vessel revenue to $490.0 million in Q3 2022, leading to an operating income of $305.7 million compared to a loss in the prior-year quarter Condensed Consolidated Statements of Income or Loss (in thousands USD) | | For the three months ended Sep 30, | For the nine months ended Sep 30, | | :--- | :--- | :--- | | | **2022** | **2021** | **2022** | **2021** | | Vessel revenue | $489,996 | $119,271 | $1,069,116 | $392,878 | | Total operating expenses | ($184,269) | ($159,711) | ($580,654) | ($473,323) | | Operating income / (loss) | $305,727 | ($40,440) | $488,462 | ($80,445) | | Total other expense, net | ($39,562) | ($32,827) | ($115,614) | ($107,998) | | **Net income / (loss)** | **$266,165** | **($73,267)** | **$372,848** | **($188,443)** | [Condensed Consolidated Balance Sheets](index=12&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) The balance sheet as of September 30, 2022, shows total assets of $4.65 billion and total liabilities of $2.53 billion, reflecting strong cash generation with increased cash and cash equivalents Condensed Consolidated Balance Sheets (in thousands USD) | | Sep 30, 2022 | Dec 31, 2021 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $467,635 | $230,415 | | Total current assets | $751,112 | $289,227 | | Total non-current assets | $3,900,677 | $4,724,742 | | **Total assets** | **$4,651,789** | **$5,013,969** | | **Liabilities & Equity** | | | | Total current liabilities | $488,583 | $527,841 | | Total non-current liabilities | $2,041,825 | $2,649,200 | | **Total liabilities** | **$2,530,408** | **$3,177,041** | | **Total shareholders' equity** | **$2,121,381** | **$1,836,928** | [Condensed Consolidated Statements of Cash Flows](index=13&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) For the nine months ended September 30, 2022, net cash inflow from operating activities significantly improved, with investing activities providing substantial cash from vessel sales, offset by financing outflows Condensed Consolidated Statements of Cash Flows (Nine Months Ended Sep 30, in thousands USD) | | 2022 | 2021 | | :--- | :--- | :--- | | Net cash inflow from operating activities | $452,988 | $23,080 | | Net cash inflow / (outflow) from investing activities | $581,969 | ($47,709) | | Net cash (outflow) / inflow from financing activities | ($797,737) | $29,538 | | **Increase in cash and cash equivalents** | **$237,220** | **$4,909** | [Supplementary Information](index=14&type=section&id=Supplementary%20Information) [Other Operating Data](index=14&type=section&id=Other%20Operating%20Data) Adjusted EBITDA for Q3 2022 saw a substantial increase to $360.0 million, with fleet average TCE per revenue day rising significantly, while vessel operating costs per day experienced a slight increase Key Operating Metrics (Q3 2022 vs Q3 2021) | Metric | Q3 2022 | Q3 2021 | | :--- | :--- | :--- | | Adjusted EBITDA (in thousands) | $360,013 | $25,365 | | Fleet TCE per revenue day | $44,222 | $10,139 | | Vessel operating costs per day | $7,256 | $7,126 | [Fleet List](index=16&type=section&id=Fleet%20List) As of October 31, 2022, Scorpio Tankers' fleet comprised 113 product tankers with an average age of 6.8 years, consisting of LR2, MR, and Handymax vessels employed in pools or on time charters - The company owns, lease finances, or bareboat charters-in **113 product tankers**[62](index=62&type=chunk) - Fleet composition: **39 LR2 tankers**, **60 MR tankers**, and **14 Handymax tankers**[62](index=62&type=chunk) - The average age of the fleet is **6.8 years**[62](index=62&type=chunk) [Dividend Policy](index=20&type=section&id=Dividend%20Policy) The company has consistently paid a quarterly dividend of $0.10 per share throughout 2021 and 2022, with another $0.10 per share dividend declared for December 2022, subject to Board discretion - On October 31, 2022, the Board of Directors declared a quarterly cash dividend of **$0.10 per common share**, payable on or about December 15, 2022[59](index=59&type=chunk) Dividends Paid per Common Share | Date Paid | Dividend | | :--- | :--- | | March 2021 | $0.10 | | June 2021 | $0.10 | | September 2021 | $0.10 | | December 2021 | $0.10 | | March 2022 | $0.10 | | June 2022 | $0.10 | | September 2022 | $0.10 | [Market Risks and Outlook](index=20&type=section&id=Market%20Risks%20and%20Outlook) The company acknowledges ongoing market volatility from the COVID-19 pandemic and the significant impact of the military conflict in Ukraine, which has disrupted trade routes and supply chains for petroleum products - The COVID-19 virus is expected to continue causing volatility in commodities markets, and the full scale and duration of its impact remain unknowable[60](index=60&type=chunk) - The conflict in Ukraine has disrupted the supply of Russian oil, leading to significant price volatility and changes in trade routes for petroleum products, which could adversely affect financial results[61](index=61&type=chunk) [Non-IFRS Measures](index=21&type=section&id=Non-IFRS%20Measures) This section provides reconciliations for non-IFRS financial measures, including Adjusted Net Income and Adjusted EBITDA, to their most directly comparable IFRS measures Reconciliation of Net Income to Adjusted Net Income (Q3 2022, in thousands USD) | Description | Amount | | :--- | :--- | | Net income | $266,165 | | Net gain on sales of vessels | ($2,732) | | Write-offs of deferred financing fees | $1,443 | | Gain on repurchase of Convertible Notes | ($69) | | **Adjusted net income** | **$264,807** | Reconciliation of Net Income to Adjusted EBITDA (Q3 2022, in thousands USD) | Description | Amount | | :--- | :--- | | Net Income | $266,165 | | Financial expenses | $42,302 | | Financial income | ($2,183) | | Depreciation | $50,989 | | Amortization of restricted stock | $5,472 | | Net gain on sales of vessels | ($2,732) | | **Adjusted EBITDA** | **$360,013** |

Scorpio Tankers Inc. (NYSE:STNG) Q3 2022 Earnings Conference Call November 1, 2022 8:30 AM ET Company Participants James Doyle - Head of Corporate Development and Investor Relations Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Cameron Mackey - Chief Operating Officer Brian Lee - Chief Financial Officer Lars Dencker Nielsen - Commercial Director Conference Call Participants Omar Nokta - Jefferies Jon Chappell - Evercore ISI Liam Burke - B. Riley Greg Lewis - BTIG Turner Holm - Clarkson ...