Diana Shipping Inc.

NYSE•DSX

CEO: Ms. Semiramis Paliou

Sector: Industrials

Industry: Marine Shipping

Listing Date: 2005-03-23

Diana Shipping Inc. provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of March 1, 2024, it operated a fleet of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 9 Ultramax, and 6 Panamax. The company was formerly known as Diana Shipping Investments Corp. and changed its name to Diana Shipping Inc. in February 2005. Diana Shipping Inc. was incorporated in 1999 and is based in Athens, Greece.

Contact Information

Pendelis 16, Palaio Faliro, Athens, 175 64, Greece

30-210-94-70-100

www.dianashippinginc.com

Market Cap

$283.65M

P/E (TTM)

28.3

12.9

Dividend Yield

1.6%

52W High

$2.72

52W Low

$1.27

52W Range

81%

Rank52Top 73.5%

2.9

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 2.9 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$52.05M+0.00%

4-Quarter Trend

EPS

$0.02+0.00%

4-Quarter Trend

FCF

$0.00+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Net Income Growth Net income reached $17.8M in 2025, showing 40% growth from $12.7M in 2024, despite lower charter revenues.

Basic EPS Increased Basic EPS was $0.11 for 2025, significantly up from $0.06 in 2024, reflecting improved profitability metrics.

Stable Fleet Utilization Fleet utilization remained consistently high at 99.7% across 2025, 2024, and 2023 periods, showing operational efficiency.

Strengthened Capital Position Working capital stood at $155.3M by year-end 2025, supported by strategic equity investments like Genco.

Risk Factors

Charter Rate Volatility Risk Volatile charter hire rates, especially spot market exposure, may adversely affect earnings and compliance with loan covenants.

Global Economic Pressure Global economic slowdowns and persistent inflationary pressures negatively impact drybulk shipping demand and operational costs.

Vessel Value Decline Risk Market values of vessels experienced volatility, where declines could trigger loan covenant breaches or impairment charges.

Geopolitical Instability Exposure Operations face exposure to global risks including political instability, trade restrictions, and ongoing international conflicts.

Outlook

Genco Acquisition Pursuit Company increased cash offer to $23.50 per share for Genco, financing via $1.43B committed facility.

New Eco-Vessel Deliveries Investing in two new methanol dual-fuel Kamsarmax vessels expected for delivery in 2027 and 2028.

Secured Revenue Visibility Contracted revenues cover approximately 81% of 2026 ownership days, providing near-term revenue visibility.

Cybersecurity Enhancement Focus Strategic focus on hardening infrastructure, expanding mobile management, and enhancing SOC monitoring through 2026.

Peer Comparison

Revenue (TTM)

ALTG

$1.84B

-2.2%

PAMT

$598.06M

-16.3%

RAIL

$500.99M

-10.4%

Gross Margin (Latest Quarter)

SMHI

91.0%

-5.5pp

72.7%

-3.6pp

DSX

55.0%

-4.4pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
ISSC	$535.66M	28.1	31.1%	21.4%
GASS	$332.22M	5.3	9.1%	0.0%
DSX	$283.65M	28.3	3.6%	54.4%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-1.8%

Flat Growth

4Q Net Income CAGR

1.4%

Profitability Slowly Improving

Cash Flow Stability

50%

Cash Flow Needs Attention

Deep Research

Next earnings:May 21, 2026

EPS:$0.03

Revenue:$53.00M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data