Diana Shipping Inc. report second quarter financial results
Published by Alfie Lloyd-Perks,
Editorial Assistant
Dry Bulk,
Diana Shipping Inc. reports financial results for the second quarter and six months ended June 30, 2025:
Diana Shipping Inc. reported net income of US$4.5 million and net income attributable to common stockholders of US$3.1 million for the second quarter of 2025. This compares to a net loss of US$2.8 million and a net loss attributable to common stockholders of US$4.2 million for the second quarter of 2024. Earnings per share for the second quarter of 2025 were US$0.03 basic and diluted, compared to loss per share of US$0.04 basic and diluted in the same quarter of 2024.
Time charter revenues were US$54.7 million for the second quarter of 2025, compared to US$56.0 million for the same quarter of 2024. The decrease in time charter revenues, compared to the same quarter last year, was due to decreased ownership days and was partly offset by increased average charter rates.
Net income for the six months ended June 30, 2025, amounted to US$7.5 million and net income attributable to common stockholders amounted to US$4.7 million. This compares to a net loss of US$0.7 million and a net loss attributable to common stockholders of US$3.6 million for the same period in 2024. Time charter revenues for the six months ended June 30, 2025, were US$109.6 million, compared to US$113.6 million for the same period in 2024. Earnings per share for the six months ended June 30, 2025 were US$0.04 basic and diluted, compared to a loss per share of US$0.03 basic and diluted for the same period in 2024.
Dividend declaration
Diana Shipping Inc. has declared a cash dividend on its common stock of US$0.01 per share, based on the Company’s results of operations during the quarter ended June 30, 2025. The cash dividend will be payable on September 11, 2025, to all common shareholders of record as of August 21, 2025. As of July 29, 2025, Diana Shipping Inc. has 115 775 463 common shares issued and outstanding and there were 16 211 330 outstanding warrants.
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