Diana Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2025; Declares Cash Dividend of $0.01 Per Common Share for the Third Quarter 2025

20 Nov 2025 14:53 CET

ATHENS, GREECE, November 20, 2025 – Diana Shipping Inc. (NYSE: DSX), (the
“Company”), a global shipping company specializing in the ownership and bareboat
charter-in of dry bulk vessels, today reported net income of $7.2 million and
net income attributable to common stockholders of $5.7 million for the third
quarter of 2025. This compares to a net income of $3.7 million and a net income
attributable to common stockholders of $2.3 million for the third quarter of
2024. Earnings per share for the third quarter of 2025 were $0.05 basic and
diluted, compared to $0.02 basic and $0.00 diluted in the same quarter of 2024.

Time charter revenues were $51.9 million for the third quarter of 2025, compared
to $57.5 million for the same quarter of 2024. The decrease in time charter
revenues, compared to the same quarter last year, was primarily attributable to
the sale of two vessels in 2025 and one vessel in September 2024.

Net income for the nine months ended September 30, 2025, amounted to $14.7
million and net income attributable to common stockholders amounted to $10.4
million. This compares to a net income of $3.0 million and a net loss
attributable to common stockholders of $1.3 million for the same period in 2024.
Time charter revenues for the nine months ended September 30, 2025, were $161.5
million, compared to $171.1 million for the same period in 2024. Earnings per
share for the nine months ended September 30, 2025 were $0.09 basic and diluted,
compared to a loss per share of $0.01 basic and diluted for the same period in
2024.

Dividend Declaration

The Company has declared a cash dividend on its common stock of $0.01 per share,
based on the Company’s results of operations during the quarter ended September
30, 2025. The cash dividend will be payable on December 17, 2025, to all common
shareholders of record as of December 8, 2025. As of November 18, 2025, the
Company has 115,781,752 common shares issued and outstanding and 16,207,541
outstanding warrants...

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