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Interim statement at 31.12.2024
ASCArdmore Shipping(ASC) GlobeNewswire·2025-02-19 16:40

Core Insights - The company reported an increase in rental income and EPRA earnings, indicating positive operational performance [3] - The fair value of the property portfolio slightly decreased, while the debt ratio improved, reflecting a stronger balance sheet [3] Operating Results - Rental income reached €13.4 million, a 2.9% increase from €13.1 million at the end of 2023 [3] - EPRA earnings were €9.4 million, up by 2.2% compared to €9.2 million at the end of 2023 [3] - EPRA earnings per share increased to €1.43 from €1.40 at the end of 2023 [3] - The net result improved to €9.0 million, a significant recovery from a loss of €6.0 million at the end of 2023 [3] Balance Sheet Information - The fair value of the property portfolio was €747.0 million, slightly down from €748.6 million at the end of September 2024 [3] - The debt ratio (EPRA LTV) decreased to 40.8%, down from 42.1% at the end of September 2024 [3] - Net asset value (EPRA NTA) per share increased to €67.24 from €65.80 at the end of September 2024 [3] Additional Developments - The first charging stations in the French portfolio have commenced operations, indicating expansion into new services [2]