Scorpio Tankers Inc. Announces Update on its Liquidity, Outstanding Debt, and Vessel Purchase Commitments

Scorpio Tankers Inc. announced today an update on its liquidity, outstanding debt, and its forward newbuilding vessel commitments.

Update on Current Liquidity and Debt

The table below summarizes the Company’s outstanding indebtedness and liquidity as of the dates presented, and on a pro-forma basis to illustrate the impact of announced vessel sales and debt repayments that are pending closing:

The Company has $783.9 million in availability under its revolving credit facilities as of January 9, 2026.

Since October 28, 2025, the Company sold its remaining 3,551,794 common shares in DHT Holdings Inc. at an average price of $13.40 per share.

In November 2025, the Company closed on the previously announced sales of the 2020 built MR product tanker, STI Maestro for $42.0 million and the 2014 built MR product tankers, STI Battery, STI Venere, and STI Milwaukee, each for $32.0 million.

In early December 2025, the Company closed on the previously announced sales of the 2014 built MR product tanker STI Yorkville for $32.0 million and the 2019 built LR2 product tanker STI Lobelia for $61.2 million.

The significant movements in the Company’s outstanding indebtedness during the fourth quarter of 2025 are as follows:

1. In November 2025, the Company prepaid $29.2 million on the 2023 $225.0 Million Revolving Credit Facility related to the sales of STI Battery, STI Venere, STI Milwaukee, and STI Yorkville.
2. In December 2025, the Company prepaid $9.2 million on the 2023 $49.1 Million Credit Facility, representing the quarterly payments scheduled to be paid in 2026 and 2027.
3. In November 2025, the Company prepaid $34.0 million on the 2023 $117.4 Million Credit Facility, representing the quarterly payments scheduled to be paid in 2026 and 2027.
4. The activity related to the 2023 $1.0 Billion Credit Facility is as follows:
   1. In October 2025, the Company prepaid $14.0 million on the term portion of this facility related to the sales of STI Lobelia and STI Lavender, the latter of which is expected to close in the first quarter of 2026.
   2. In November 2025, the Company prepaid $84.5 million on the term portion and $7.6 million on the revolving portion of this facility representing the quarterly payments scheduled to be paid from September 2026 through December 31, 2027.
   3. In December 2025, the Company prepaid $0.3 million on the term portion and $13.5 million on the revolving portion of this facility related to the sale of STI Goal, which is expected to close in the first quarter of 2026.

1. In November 2025, the Company prepaid $19.3 million on the 2023 $94.0 Million Credit Facility, representing the quarterly payments scheduled to be paid in 2026 and 2027.
2. In December 2025, the Company repaid the outstanding lease obligations on the 2021 Ocean Yield Lease Financing related to two LR2 product tankers that were financed under this arrangement, STI Guard and STI Gallantry.

Newbuilding Purchase Commitments

The table below summarizes the Company’s previously announced commitments to purchase newbuilding vessels consisting of two Very Large Crude Carriers (“VLCCs”) with deliveries expected in the second half of 2028, two LR2s with deliveries expected in the third quarter of 2027, and four MRs with a delivery expected in each of the second and fourth quarter of 2026 and two deliveries in 2027.

Source: Scorpio Tankers Inc.