Scorpio Tankers Inc (STNG) financial statements: income statement, balance sheet and cash flow
Scorpio Tankers Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Scorpio Tankers Inc reported net income of $344.3M (-48.5% year on year).
Income statement
Scorpio Tankers Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Vessel revenue
$938.2M
$1.2B
$1.3B
$1.6B
Vessel operating costs
($287.9M)
($319.1M)
($315.6M)
($323.7M)
Voyage expenses
($36.9M)
($30.4M)
($13.2M)
($92.7M)
Depreciation - vessels and drydock
($180.3M)
($185.3M)
($178.3M)
($168.0M)
Depreciation - right of use assets for vessels
$0
$0
($24.2M)
($38.8M)
Write-off of deposits on scrubbers
$0
$0
($10.5M)
—
General and administrative expenses
($123.4M)
($121.0M)
($106.3M)
($88.1M)
Gain on sale of vessels
$45.5M
$176.5M
$12.0M
—
Total operating expenses
($583.0M)
($479.3M)
($636.1M)
($765.2M)
Operating income
$355.2M
$764.6M
$705.1M
$797.7M
Financial expenses
($80.1M)
($109.5M)
($183.2M)
($169.8M)
Financial income
$21.9M
$15.9M
$19.1M
$6.9M
Share of income from dual fuel tanker joint venture
$4.1M
$7.7M
—
—
Dividend income and fair value gain (loss) on financial assets measured at fair value through profit or loss
$41.1M
($11.2M)
—
—
Other income and (expenses), net
$2.1M
$1.3M
$5.9M
$2.0M
Total other expense, net
($10.9M)
($95.8M)
($158.3M)
($160.5M)
Net income
$344.3M
$668.8M
$546.9M
$637.3M
Equity holders of the parent
$344.3M
$668.8M
$546.9M
$637.3M
Basic (in USD per share)
$7.40
$13.78
$10.44
$11.49
Diluted (in USD per share)
$7.03
$13.15
$10.03
$10.34
Basic weighted average shares outstanding (in shares)
46.6M
48.5M
52.4M
55.5M
Diluted weighted average shares outstanding (in shares)
48.9M
50.9M
54.5M
63.5M
Scorpio Tankers Inc income statement, quarters
Line item
Jun 30, 2025 · YTD
Jun 30, 2023 · YTD
Jun 30, 2022 · YTD
Jun 30, 2021 · YTD
Vessel revenue
$444.2M
$713.7M
$579.1M
$273.6M
Vessel operating costs
($139.3M)
($152.5M)
($161.8M)
($163.9M)
Voyage expenses
($17.2M)
($9.0M)
($25.5M)
($2.8M)
Depreciation - owned or sale and leaseback vessels
($90.0M)
($82.7M)
($85.2M)
($98.0M)
General and administrative expenses
($58.1M)
($49.5M)
($35.3M)
($26.9M)
Gain on sale of vessels
$0
—
—
—
Total operating expenses
($304.7M)
($311.7M)
($396.4M)
($313.6M)
Operating income
$139.5M
$402.0M
$182.7M
($40.0M)
Financial expenses
($40.9M)
($87.3M)
($78.7M)
($70.0M)
Financial income
$9.2M
$8.5M
$1.0M
$412.0K
Share of income from dual fuel tanker joint venture
$1.8M
—
—
—
Gains (losses) on financial assets at fair value through profit or loss, mandatorily measured at fair value
$20.6M
—
—
—
Other income and (expenses), net
$1.5M
$2.3M
$1.6M
($106.0K)
Total other expense, net
($7.8M)
($76.4M)
($76.1M)
($75.2M)
Net income
$131.7M
$325.6M
$106.7M
($115.2M)
Equity holders of the parent
$131.7M
$325.6M
$106.7M
($115.2M)
Basic (in dollars per share)
$2.85
$5.93
$1.92
-$2.12
Diluted (in dollars per share)
$2.74
$5.69
$1.84
-$2.12
Basic weighted average shares outstanding (in shares)
46.2M
54.9M
55.5M
54.4M
Diluted weighted average shares outstanding (in shares)
48.0M
57.2M
64.6M
54.4M
Balance sheet
Scorpio Tankers Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$752.0M
$332.6M
$355.6M
$376.9M
Financial assets measured at fair value through profit or loss
$0
$74.2M
—
—
Accounts receivable
$180.8M
$150.2M
$203.5M
$276.7M
Prepaid expenses and other current assets
$10.1M
$9.2M
$10.2M
$18.2M
Inventories
$11.9M
$10.2M
$7.8M
$15.6M
Assets held for sale
$153.6M
—
—
—
Total current assets
$1.1B
$576.3M
$577.1M
$687.3M
Vessels and drydock
$2.7B
$3.2B
$3.6B
$3.1B
Other assets
$59.8M
$58.3M
$65.4M
$83.8M
Goodwill
$8.2M
$8.2M
$8.2M
$8.2M
Total non-current assets
$2.8B
$3.3B
$3.7B
$3.9B
Total assets
$3.9B
$3.8B
$4.2B
$4.6B
Current portion of long-term bank debt
$0
$122.8M
$221.0M
$31.5M
Sale and leaseback liability
$19.1M
$8.6M
$206.8M
$269.1M
Accounts payable
$34.0M
$32.2M
$10.0M
$28.7M
Accrued expenses and other current liabilities
$65.6M
$73.6M
$72.7M
$91.5M
Total current liabilities
$118.8M
$237.2M
$510.4M
$473.3M
Long-term bank debt and bonds
$600.1M
$665.9M
$939.2M
$264.1M
Sale and leaseback liability
$0
$64.7M
$221.4M
$871.5M
Total non-current liabilities
$600.1M
$730.6M
$1.2B
$1.6B
Total liabilities
$718.8M
$967.8M
$1.7B
$2.1B
Common stock, $0.01 par value per share; 150,000,000 and 150,000,000 shares authorized; 51,762,790 and 49,923,042 outstanding shares as of December 31, 2025 and December 31, 2024, respectively.
$778000.00
$760000.00
$745000.00
$727000.00
Additional paid-in capital
$3.2B
$3.2B
$3.1B
$3.0B
Treasury shares
-1.5B
-1.5B
-1.1B
-641.5M
Retained earnings
$1.4B
$1.2B
$587.1M
$97.9M
Total shareholders’ equity
$3.2B
$2.9B
$2.6B
$2.5B
Total liabilities and shareholders’ equity
$3.9B
$3.8B
$4.2B
$4.6B
Scorpio Tankers Inc balance sheet, quarters
Line item
Jun 30, 2025
Jun 30, 2023
Jun 30, 2022
Jun 30, 2021
Cash and cash equivalents
$471.1M
$313.9M
$359.5M
$282.2M
Current financial assets at fair value through profit or loss
$95.5M
—
—
—
Accounts receivable
$167.3M
$201.6M
$206.5M
$31.7M
Prepaid expenses and other current assets
$10.3M
$10.7M
$12.5M
$10.4M
Inventories
$19.2M
$8.5M
$13.3M
$8.4M
Total current assets
$763.3M
$559.2M
$656.7M
$332.8M
Vessels and drydock
$3.1B
$3.3B
$3.1B
$3.9B
Other assets
$66.0M
$83.7M
$89.8M
$97.4M
Goodwill
$8.2M
$8.2M
$8.4M
$8.9M
Total non-current assets
$3.2B
$3.8B
$4.0B
$4.8B
Total assets
$4.0B
$4.3B
$4.6B
$5.2B
Current portion of long-term debt
$30.9M
$86.1M
$69.3M
$233.3M
Lease liability - sale and leaseback vessels
$53.3M
$128.8M
$250.8M
$158.1M
Accounts payable
$27.6M
$11.2M
$12.9M
$12.3M
Accrued expenses and other current liabilities
$42.4M
$72.9M
$43.4M
$23.7M
Total current liabilities
$154.2M
$460.9M
$428.9M
$481.7M
Long-term debt
$808.2M
$569.3M
$474.1M
$824.4M
Lease liability - sale and leaseback vessels
$17.5M
$778.8M
$1.3B
$1.3B
Other long-term liabilities
$6.8M
—
—
—
Total non-current liabilities
$832.5M
$1.4B
$2.2B
$2.7B
Total liabilities
$986.7M
$1.9B
$2.7B
$3.2B
Common stock, $0.01 par value per share; 150,000,000 shares authorized; 51,016,290 and 49,923,042 issued and outstanding shares as of June 30, 2025 and December 31, 2024, respectively.
$771000.00
$745000.00
$669000.00
$659000.00
Additional paid-in capital
$3.2B
$3.1B
$2.9B
$2.9B
Treasury shares
-1.5B
-1.0B
-480.2M
-480.2M
Retained earnings
$1.3B
$397.9M
($432.7M)
($420.1M)
Total shareholders’ equity
$3.0B
$2.4B
$1.9B
$2.0B
Total liabilities and shareholders’ equity
$4.0B
$4.3B
$4.6B
$5.2B
Cash flow statement
Scorpio Tankers Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$344.3M
$668.8M
$546.9M
$637.3M
Depreciation - owned or sale and leaseback vessels
$180.3M
$185.3M
$178.3M
$168.0M
Depreciation - right of use assets
$0
$0
$24.2M
$38.8M
Equity settled share based compensation expense
$71.7M
$62.5M
$47.3M
$20.4M
Amortization of deferred financing fees
$7.0M
$9.2M
$7.3M
$6.4M
Non-cash debt extinguishment costs
$4.7M
$3.5M
$8.3M
$6.6M
Net gain on sales of vessels
($45.5M)
($176.5M)
($12.0M)
$66.5M
Write-off of deposits on scrubbers
$0
$0
$10.5M
—
Fair value (gain) / loss on financial assets measured at fair value through profit or loss
($35.2M)
$15.0M
—
—
Accretion of fair value measurement on debt assumed in business combinations
$41.0K
$82.0K
$1.1M
$2.1M
Share of income from dual fuel tanker joint venture
($4.1M)
($7.7M)
—
—
Dividend from financial assets measured at fair value through profit or loss
($5.9M)
($3.8M)
($6.0M)
($679.0K)
Cash flows from (used) in operating activities before changes in assets and liabilities
$517.3M
$756.4M
$806.0M
$944.9M
(Increase) / decrease in inventories
($1.7M)
($2.0M)
$7.8M
($7.5M)
(Increase) / decrease in accounts receivable
($27.3M)
$57.0M
$73.2M
($238.6M)
(Increase) / decrease in prepaid expenses and other current assets
($842.0K)
$983.0K
$7.9M
($10.2M)
Decrease in other assets
$2.5M
$1.6M
$2.9M
$19.5M
Increase / (decrease) in accounts payable
$5.4M
$15.7M
($16.7M)
($4.5M)
Decrease in accrued expenses and other current liabilities
($4.0M)
($4.5M)
($15.6M)
$65.8M
Total changes in assets and liabilities
($26.0M)
$68.8M
$59.5M
($175.6M)
Net cash inflow from operating activities
$491.2M
$825.2M
$865.5M
$769.3M
Net proceeds from sales of vessels
$227.7M
$479.8M
$64.9M
$607.7M
Investment in dual fuel tanker joint venture
$0
($1.9M)
$0
($1.8M)
Distributions from dual fuel tanker joint venture
$3.6M
$8.9M
$1.8M
$493.0K
Drydock, ballast water treatment system and other vessel related payments (owned, sale leaseback and bareboat-in vessels)
($74.4M)
($93.4M)
($23.1M)
($34.5M)
Purchases of financial assets measured at fair value through profit or loss
($45.9M)
($89.1M)
—
—
Proceeds from sale of financial assets measured at fair value through profit or loss
$155.2M
—
—
—
Dividend from financial assets measured at fair value through profit or loss
$5.9M
$3.8M
—
—
Net cash inflow from investing activities
$272.2M
$308.0M
$43.6M
$572.0M
Debt repayments
($449.5M)
($835.7M)
($1.2B)
($971.6M)
Issuance of debt
$200.0M
$99.0M
$1.4B
$122.6M
Debt issuance costs
($11.7M)
($354.0K)
($29.7M)
($1.7M)
Principal repayments on IFRS 16 lease liabilities
$0
$0
$516.1M
$79.5M
Decrease in restricted cash
$0
$0
$783.0K
$4.0M
Dividends paid
($82.5M)
($83.5M)
($57.7M)
($23.3M)
Repurchase of common stock
-309.0K
-335.6M
-489.7M
-161.4M
Net cash outflow from financing activities
($344.1M)
($1.2B)
($930.4M)
($1.2B)
Increase / (decrease) in cash and cash equivalents
$419.4M
($23.0M)
($21.3M)
$146.5M
Cash and cash equivalents at January 1,
$332.6M
$355.6M
$376.9M
$230.4M
Cash and cash equivalents at December 31,
$752.0M
$332.6M
$355.6M
$376.9M
Interest paid
$62.1M
$96.9M
$154.7M
$134.9M
Scorpio Tankers Inc cash flow statement, quarters
Line item
Jun 30, 2025 · YTD
Jun 30, 2023 · YTD
Jun 30, 2022 · YTD
Jun 30, 2021 · YTD
Net income
$131.7M
$325.6M
—
—
Depreciation - owned or sale and leaseback vessels
$90.0M
$82.7M
$85.2M
$98.0M
Equity settled share based compensation expense
$35.4M
$16.6M
$10.7M
$12.5M
Amortization of deferred financing fees
$3.6M
$2.5M
$3.5M
$3.7M
Non-cash debt extinguishment costs
$2.1M
$824.0K
—
—
Gain on sales of vessels
$0
$0
$69.2M
—
Accretion of fair value measurement on debt assumed in business combinations
$25.0K
$656.0K
$1.4M
$1.7M
Gains (losses) on financial assets at fair value through profit or loss
($17.0M)
—
—
—
Share of income and gain on sale of vessel from dual fuel tanker joint venture
($1.8M)
($2.4M)
($133.0K)
—
Dividend income
($3.6M)
—
—
—
Cash flows from (used in) operations before changes in working capital
$240.4M
$444.5M
$307.9M
$34.9M
Increase in inventories
($9.0M)
$7.1M
$5.9M
$866.0K
Increase in accounts receivable
($17.1M)
$75.1M
($166.8M)
$1.3M
Increase in prepaid expenses and other current assets
($1.1M)
$7.5M
($4.6M)
($1.9M)
(Increase) / decrease in other assets
($33.0K)
$918.0K
($185.0K)
($297.0K)
Increase in accounts payable and other liabilities
$6.3M
($16.5M)
($20.7M)
($297.0K)
Decrease in accrued expenses
($27.6M)
($17.3M)
$18.4M
($8.6M)
Increase (decrease) in working capital
($48.6M)
$56.8M
($168.0M)
($9.0M)
Net cash inflow from operating activities
$191.9M
$501.3M
$139.8M
$25.9M
Net proceeds from sales of vessels
$0
$0
$541.2M
—
Distributions from dual fuel tanker joint venture
$1.8M
$1.5M
$240.0K
—
Investment in dual fuel tanker joint venture
$0
—
—
—
Purchase of financial assets measured at fair value through profit or loss, classified as investing activities
($45.9M)
—
—
—
Proceeds from sale of financial assets measured at fair value through profit or loss
$41.5M
—
—
—
Dividend from DHT Holdings, Inc.
$3.6M
—
—
—
Drydock, ballast water treatment system and other vessel related payments (owned and lease financed)
($48.4M)
($13.5M)
($22.8M)
($27.3M)
Net cash (outflow) / inflow from investing activities
($47.3M)
($12.1M)
$518.6M
($27.3M)
Principal repayments on debt and sale and leaseback obligations
($153.7M)
($260.9M)
($507.8M)
($341.4M)
Issuance of debt
$200.0M
$391.5M
$122.6M
$367.6M
Debt issuance costs
($11.7M)
($7.5M)
($1.6M)
($9.1M)
Dividends paid
($40.4M)
($25.7M)
($11.8M)
($11.6M)
Repurchase of common stock
-309.0K
-398.9M
—
—
Net cash outflow from financing activities
($6.1M)
($552.2M)
($529.3M)
$96.1M
Increase / (decrease) in cash and cash equivalents