Scorpio Tankers Inc. reported third‑quarter 2025 results showing net income of $84.5 million, or $1.81 basic and $1.73 diluted earnings per share.
Adjusted net income for the quarter was $72.7 million, or $1.56 basic and $1.49 diluted earnings per share, after excluding a $12.7 million fair‑value gain on financial assets and a $0.9 million debt extinguishment loss.
The quarter’s earnings were lower than the same period a year earlier, when net income was $158.7 million and basic earnings per share were $3.31. Adjusted nine‑month results for 2025 totaled $216.2 million in net income versus $600.2 million for the prior year. Q2 2025 adjusted net income was $67.8 million, indicating a decline in quarterly performance.
Scorpio Tankers increased its quarterly dividend to $0.42 per share, with a payment date of December 5, 2025 and a record date of November 14, 2025. The company has 51,762,790 shares outstanding and maintains a strong liquidity position, with $626.7 million in unrestricted cash and $788.3 million of undrawn revolver capacity as of October 28, 2025. Pro‑forma cash and gross debt positions stand at $626.2 million and $660.1 million, respectively.
The company’s fleet of 99 product tankers was further optimized in September 2025 with the sale of two LR2 and one MR vessels, generating cash and reducing future operating costs. New time‑charter‑out agreements were signed for several vessels, securing revenue at fixed rates and mitigating exposure to volatile spot market rates. Unscheduled debt prepayments totaling $154.6 million were completed, lowering the company’s gross debt and strengthening its balance sheet.
Management attributed the decline in nine‑month net income to a normalization of freight rates after the disruption caused by attacks on commercial vessels in the Southern Red Sea. While freight rates have returned to more typical levels, the company continues to benefit from its young fleet’s fuel efficiency and cost‑control initiatives. The dividend increase reflects confidence in the company’s financial performance and its commitment to returning capital to shareholders.
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