Strong Financial Performance
Scorpio Tankers reported $87.7 million in adjusted EBITDA and $72.7 million in adjusted net income for the third quarter of 2025.
Cash Breakeven Reduction
The company reduced its daily cash breakeven from $17,500 to $12,500 and plans to further reduce it to $11,000 by repaying amortizing debt.
Liquidity Position
Scorpio Tankers has a strong liquidity position with approximately $1.4 billion, including cash, undrawn revolving credit, and investments.
Dividend Increase
A 5% increase in the quarterly dividend was announced, with a focus on making the dividend sustainable and steadily growing.
Debt Prepayment
The company has agreements to prepay $154.6 million in debt, covering all scheduled loan amortization for 2026 and 2027.
Strong Market Outlook
The product tanker market is expected to strengthen, driven by factors like refinery rationalization, longer trade routes, and an aging fleet.