Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 267

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 267
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ancing costs (Note 8)

469,387

461,131

Finance liabilities, net of current portion (Note 9)

113,300

122,908

Fair value of derivatives (Note 2 (dd))

134

568

Warrant liability (Note 11(e))

1,802

6,332

Other non-current liabilities

1,158

1,316

Total Noncurrent Liabilities

585,781

592,255

Commitments and contingencies (Note 10)

-

-

Stockholders' Equity

Preferred stock (Note 11)

26

26

Common stock, $

0.01

par value;

1,000,000,000

shares authorized and

125,203,405

and

113,065,725

issued and outstanding on December 31, 2024

and 2023, respectively (Note

11)

1,252

1,131

Additional paid-in capital

1,139,363

1,101,425

Accumulated other comprehensive income

312

308

Accumulated deficit

(635,896)

(613,869)

Total Stockholders' Equity

505,057

489,021

Total Liabilities and Stockholders' Equity

$

1,171,018

$

1,166,410

The accompanying notes are an integral part of

these consolidated financial statements.

F-8

DIANA SHIPPING INC.

CONSOLIDATED STATEMENTS

OF INCOME

For the years ended December 31, 2024, 2023 and 2022

(Expressed in thousands of U. S. Dollars - except for share and per share data)

2024

2023

2022

REVENUES:

Time charter revenues

$

228,209

$

262,098

$

289,972

OPERATING EXPENSES

Voyage expenses

13,607

13,621

6,942

Vessel operating expenses

82,587

85,486

72,033

Depreciation and amortization of deferred charges

44,691

49,785

43,326

General and administrative expenses

33,435

32,968

29,367

Management fees to a related party (Note 4(a))

1,332

1,313

511

Gain on sale of vessels (Note 6)

(5,799)

(5,323)

(2,850)

Insurance recoveries

-

-

(1,789)