Diana Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2026; Declares Cash Dividend of $0.01 Per Common Share

28 May 2026 15:47 CEST

ATHENS, GREECE, May 28, 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 $29.1 million and net income
attributed to common stockholders of $27.7 million for the first quarter of
2026. This compares to net income of $3.0 million and net income attributable to
common stockholders of $1.6 million for the first quarter of 2025. Earnings per
share for the first quarter of 2026 was $0.25 basic and diluted, compared to
$0.01 basic and diluted for the same quarter of 2025.

Time charter revenues were $54.7 million for the first quarter of 2026, compared
to $54.9 million for the same quarter of 2025. The slight decrease in time
charter revenues, compared to the same quarter of the prior year, was due to
decreased ownership days following the sale of one vessel and was partially
offset by higher average charter rates and improved fleet utilization.

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 first quarter ended
March 31, 2026. The cash dividend will be payable on or about June 18, 2026, to
all common shareholders of record as of June 10, 2026. As of May 27, 2026, the
Company had 124,402,479 common shares issued and outstanding and 15,689,643
warrants outstanding...

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674801_DSI Earnings Release 31.03.26.pdf