Diana Shipping Reports Strong Q3 Profit Growth
Diana Shipping Inc., a prominent global shipping company specializing in dry bulk vessels, has announced a significant boost in its third-quarter profit. The maritime firm reported robust financial results, showcasing improved net income for Q3 2025 compared to the previous year, signaling strong performance in the dry cargo sector.
Key Profit Highlights for Q3 2025
For the third quarter of 2025, Diana Shipping recorded a net income of $7.2 million, with $5.7 million attributable to common stockholders. This marks a substantial increase from the $3.7 million net income and $2.3 million attributable to common stockholders reported in Q3 2024. Earnings per share for this period reached $0.05 basic and diluted, up from $0.02 basic and $0.00 diluted in the corresponding quarter of 2024, highlighting impressive growth in its financial health.
Understanding Time Charter Revenues
While Diana Shipping’s time charter revenues for Q3 2025 stood at $51.9 million, a slight decrease from $57.5 million in Q3 2024 was observed. This reduction in revenue was primarily attributed to strategic fleet adjustments, specifically the sale of two dry bulk vessels in 2025 and one vessel in September 2024. Despite these sales, the overall profitability indicates effective asset management and strong market conditions for the remaining dry cargo fleet.
Year-to-Date Financial Overview
Looking at the broader picture, the first nine months ending September 30, 2025, show a net income of $14.7 million for Diana Shipping, with $10.4 million attributable to common stockholders. This represents a significant turnaround from a net income of $3.0 million and a net loss attributable to common stockholders of $1.3 million during the same period in 2024, reinforcing the positive trend for this respected shipping industry player.
