Diana Shipping(US:DSX)2025-11-20 14:00Financial Performance (Q3 2025) - Time charter revenues were $51.9 million, compared to $57.5 million in Q3 2024[33, 34] - Net income was $7.2 million, an increase from $3.7 million in Q3 2024[33, 34] - Earnings per common share, diluted, were $0.05, compared to $0.00 in Q3 2024[33] - Adjusted EBITDA was $20.3 million, compared to $23.7 million in Q3 2024[33, 75] Financial Position (as of September 30, 2025) - Cash, cash equivalents, time deposits, and restricted cash totaled $133.9 million, a decrease from $207.2 million as of December 31, 2024[21, 33] - Long-term debt and finance liabilities, net of deferred financing costs, were $651.1 million, an increase from $637.5 million as of December 31, 2024[33] - Net debt to market value was 54%[21] Fleet and Chartering - The company had 36 vessels on the water[21, 34] - Average fleet utilization was 99.5% for the nine months ended September 30, 2025[21, 37] - Secured revenues of $25.4 million for 87% of the remaining ownership days of 2025 and $118.3 million for 50% of the ownership days of 2026[26, 32] - Average daily TC rate of fixed revenues is $16,223 for the remaining of 2025[32] Other Key Points - The company acquired 14.93% of Genco Shipping & Trading Ltd issued and outstanding common shares as of September 29, 2025[26] - Declared a cash dividend of $0.01 per common share for Q3 2025[26] - The dry bulk orderbook as % of total fleet is 10.9%[61]