Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2025; and Declares Cash Dividend of $0.01 Per Common Share for the Fourth Quarter 2025

26 Feb 2026 13:46 CET

ATHENS, GREECE, February 26, 2026 – 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 $3.1 million and
net income attributable to common stockholders of $1.7 million for the fourth
quarter of 2025. This compares to net income of $9.7 million and net income
attributable to common stockholders of $8.3 million for the fourth quarter of
2024. Earnings per share for the fourth quarter of 2025 were $0.02 basic and
diluted, compared to $0.07 basic and $0.02 diluted in the same quarter of 2024.

Time charter revenues were $52.1 million for the fourth quarter of 2025,
compared to $57.1 million for the same quarter of 2024. The decrease was
primarily attributable to the sale of two vessels in 2025 and the higher number
of drydocking days during the fourth quarter of 2025 compared to the same
quarter of 2024, which decreased ownership days and the fleet’s available days
for hire.

Net income for 2025, amounted to $17.8 million and net income attributable to
common stockholders amounted to $12.1 million. This compares to net income of
$12.7 million and net income attributable to common stockholders of $7.0 million
for 2024. Time charter revenues for 2025, were $213.5 million, compared to
$228.2 million for 2024. Earnings per share for 2025 were $0.11 basic and
diluted, compared to $0.06 basic and $0.05 diluted for 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 for the quarter ended December 31,
2025. The cash dividend will be payable on March 18, 2026, to all common
shareholders of record as of March 11, 2026. As of February 25, 2026, the
Company had 115,789,435 common shares issued and outstanding and 16,202,921
warrants outstanding...

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