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GCORPIO Exhibit 99.1 Tankers Inc. Scorpio Tankers Inc. Announces Financial Results for the Second Quarter of 2021 and Declaration of a Quarterly Dividend MONACO -- ( GLOBE NEWSWIRE - August 5 , 2021 ) - Scorpio Tankers Inc. ( NYSE : STNG ) ( " Scorpio Tankers " or the " Company " ) today reported its results for the three and six months ended June 30 , 2021. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $ 0.10 per share on the Company's common stock . Results for the three months ended June 30 , 2021 and 2020 For the three months ended June 30 , 2021 , the Company had a net loss of $ 52.8 million , or $ 0.97 basic and diluted loss per share . For the three months ended June 30 , 2021 , the Company had an adjusted net loss ( see Non - IFRS Measures section below ) of $ 51.1 million , or $ 0.94 basic and diluted loss per share , which excludes from the net loss $ 1.6 million , or $ 0.03 per basic and diluted share , of losses recorded on the transaction to exchange $ 19.4 million in aggregate principal amount of the Company's existing Convertible Notes due 2022 for $ 19.4 million in aggregate principal amount of new Convertible Notes due 2025 , described in detail below . For the three months ended June 30 , 2020 , the Company had net income of $ 143.9 million , or $ 2.63 basic and $ 2.40 diluted earnings per share . For the three months ended June 30 , 2020 , the Company had an adjusted net income ( see Non - IFRS Measures section below ) of $ 144.3 million , or $ 2.63 basic and $ 2.40 diluted earnings per share , which excludes from net income a $ 0.3 million , or $ 0.01 per basic and diluted share , write - off of deferred financing fees . Results for the six months ended June 30 , 2021 and 2020 For the six months ended June 30 , 2021 , the Company had a net loss of $ 115.2 million , or $ 2.12 basic and diluted loss per share . For the six months ended June 30 , 2021 , the Company had an adjusted net loss ( see Non - IFRS Measures section below ) of $ 108.3 million , or $ 1.99 basic and diluted loss per share , which excludes from the net loss $ 5.5 million , or $ 0.10 per basic and diluted share , of losses recorded on the transaction to exchange the Company's existing Convertible Notes due 2022 for new Convertible Notes due 2025 , described in detail below , as well as a $ 1.3 million , or $ 0.02 per basic and diluted share , write - off of deferred financing fees related to the refinancing of certain credit facilities . For the six months ended June 30 , 2020 , the Company had net income of $ 190.6 million , or $ 3.48 basic and $ 3.21 diluted earnings per share . For the six months ended June 30 , 2020 , the Company had an adjusted net income ( see Non - IFRS Measures section below ) of $ 190.9 million , or $ 3.49 basic and $ 3.21 diluted earnings per share , which excludes from net income a $ 0.3 million , or $ 0.01 per basic and diluted share , write - off of deferred financing fees . Declaration of Dividend On August 4 , 2021 , the Company's Board of Directors declared a quarterly cash dividend of $ 0.10 per common share , payable on or about September 29 , 2021 to all shareholders of record as of September 9 , 2021 ( the record date ) . As of August 4 , 2021 , there were 58,369,516 common shares of the Company outstanding . Summary of Second Quarter and Other Recent Significant Events Below is a summary of the average daily Time Charter Equivalent ( " TCE " ) revenue ( see Non - IFRS Measures section below ) and duration of contracted voyages and time charters in the pools ( excluding voyages outside of the pools ) for the Company's vessels thus far in the third quarter of 2021 as of the date hereof ( See footnotes to " Other operating data " table below for the definition of daily TCE revenue ) : 1