DSX DIANA SHIPPING INC.

Overview and Growth

Fiscal 2025 results for DIANA SHIPPING INC. combined $213.54M of revenue with net income of $17.83M and an operating cash inflow of $47.51M. At $213.54M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 6.4% below fiscal 2024 revenue of $228.21M, marking a top-line contraction. On a per-share basis, diluted EPS was $0.11, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS increased by 120.0% from $0.05 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. A diluted share base of 110.50M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. At period end, total assets were $1.17B, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 0.18x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The reported operating result was $42.19M, capturing profitability after direct costs and the operating expenses reflected in the statements. Operating margin measured 19.8%, showing the portion of revenue preserved after the full set of operating costs. After all reported below-operating-line items, the company recorded net income of $17.83M for the fiscal year. Measured against reported revenue, net income produced a 8.3% margin after operating costs and the remaining recognized items. Reported EBITDA totaled $88.72M, adding a pre-interest, tax, depreciation, and amortization perspective to the profitability profile. Net income equaled 3.5% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 1.5%, showing earnings relative to the full balance sheet. Current net income of $17.83M was above fiscal 2024 net income of $12.75M, showing the direction of the bottom-line change.

Liquidity and Capital Structure

The company held $1.17B of assets against $667.78M of liabilities and $502.41M of equity, revealing how the asset base was financed. At period end, current assets of $244.88M compared with current liabilities of $89.58M, defining the company’s short-term resource position. The current ratio was 2.73x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Reported cash and equivalents were $50.51M, separating immediately recognizable cash resources from the rest of the current-asset base. The cash balance equaled 56.4% of current liabilities, showing how much near-term coverage came from cash alone. The company carried $522.81M of total debt at period end, which frames its leverage and debt-service burden. Against book equity, debt measured 1.04x, placing the company’s financial leverage in clear balance-sheet terms. Debt represented 44.7% of total assets, placing borrowing in the context of the company’s full resource base. Book equity represented 42.9% of total assets, quantifying the balance-sheet share supported by shareholder capital. Liabilities represented 57.1% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 4.3%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 0.1% from $1.17B in fiscal 2024, leaving current total assets lower year over year. Book equity was 0.5% lower than fiscal 2024 equity of $505.06M, showing how shareholder capital changed year over year. Cash and equivalents were 59.5% lower than fiscal 2024 cash of $124.67M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was $47.51M, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 2.66x, showing the relationship between accrual earnings and operating cash. The operating cash outcome moved from $83.53M in fiscal 2024 to $47.51M, ending below the prior-year level.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.