Christopher Robertson

Frode Morkedal

Liam Burke

Omar Nokta

Benjamin Nolan

Gregory Lewis

Jonathan Chappell

Ken Hoexter

- Scorpio Tankers Inc. has entered into agreements to sell two 2019-built scrubber-fitted LR2 product tankers, **STI Lobelia** and **STI Lavender**, for **$61.2 million per vessel**, with sales expected to close in the fourth quarter of 2025.  **[1483934_0001483934-25-000070_stngexhibit991-09292025.htm:0]** 
- These vessel sales, along with other debt repayments and lease option exercises, are projected to significantly strengthen the balance sheet, potentially reducing net debt to **$131,285 thousand** on a pro-forma basis as of September 25, 2025.  **[1483934_0001483934-25-000070_stngexhibit991-09292025.htm:0]** 
- The company provided an update on its outstanding debt and liquidity as of September 25, 2025, and on a pro-forma basis  **[1483934_0001483934-25-000070_stngexhibit991-09292025.htm:0]** :

| Metric | September 25, 2025 | September 25, 2025 Pro-forma |
|---|---|---|
| Gross debt outstanding ($USD thousands) | **$896,552**  **[1483934_0001483934-25-000070_stngexhibit991-09292025.htm:0]**  | **$814,702**  **[1483934_0001483934-25-000070_stngexhibit991-09292025.htm:0]**  |
| Cash and cash equivalents ($USD thousands) | **$605,786**  **[1483934_0001483934-25-000070_stngexhibit991-09292025.htm:0]**  | **$683,417**  **[1483934_0001483934-25-000070_stngexhibit991-09292025.htm:0]**  |
| Net debt ($USD thousands) | **$290,766**  **[1483934_0001483934-25-000070_stngexhibit991-09292025.htm:0]**  | **$131,285**  **[1483934_0001483934-25-000070_stngexhibit991-09292025.htm:0]**  |
| Availability under revolving credit facilities ($USD thousands) | **$823,542**  **[1483934_0001483934-25-000070_stngexhibit991-09292025.htm:0]**  | **$792,842**  **[1483934_0001483934-25-000070_stngexhibit991-09292025.htm:0]**  |

- During the third quarter of 2025, Scorpio Tankers sold **4,778,000 common shares** in DHT Holdings Inc. at an average price of **$12.50 per share**, and currently owns **4,054,480 common shares** in DHT.  **[1483934_0001483934-25-000070_stngexhibit991-09292025.htm:0]**

Scorpio Tankers Announces Vessel Sales and Debt Update

- Scorpio Tankers Inc. reported a significant decline in financial performance for the six months ended **June 30, 2025**, with **net income decreasing by 70% to $131.7 million** and **vessel revenue decreasing by 42% to $444.2 million**, primarily due to the normalization of spot TCE rates after the Red Sea disruption.  **[1483934_0001483934-25-000047_stng-20250630.htm:18]** **[1483934_0001483934-25-000047_stng-20250630.htm:34]** **[1483934_0001483934-25-000047_stng-20250630.htm:55]** 
- The company declared a quarterly cash dividend of **$0.40 per common share** on **July 29, 2025**, which is scheduled to be paid on **August 29, 2025**.  **[1483934_0001483934-25-000047_stng-20250630.htm:10]** **[1483934_0001483934-25-000047_stng-20250630.htm:61]** 
- As of **June 30, 2025**, Scorpio Tankers maintained strong liquidity with a cash balance of **$471.1 million** and **$838.2 million** in undrawn revolving credit capacity, while also reducing its average debt to **$962.8 million** for the six months ended June 30, 2025.  **[1483934_0001483934-25-000047_stng-20250630.htm:25]** **[1483934_0001483934-25-000047_stng-20250630.htm:34]** **[1483934_0001483934-25-000047_stng-20250630.htm:58]** 
- The company engaged in strategic fleet management, including a bareboat charter-out agreement for the MR product tanker, STI Bosphorus, and exercising purchase options for three vessels (STI Guard, STI Gallantry, and STI Symphony).  **[1483934_0001483934-25-000047_stng-20250630.htm:10]** **[1483934_0001483934-25-000047_stng-20250630.htm:25]**

Scorpio Tankers Reports H1 2025 Financial Results and Declares Dividend

Scorpio Tankers (STNG)