Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 260

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 260
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 Flows for the years ended December

31, 2024, 2023

and 2022...........................................................................................................................

F-

11

Notes to Consolidated Financial Statements......................................................................

F-13

F-2

Report of Independent Registered

Public Accounting Firm

To the Shareholders

and the Board of Directors of

Diana Shipping Inc.

Opinion on the Financial Statements

We have audited the accompanying

consolidated balance sheet of Diana Shipping Inc.

and subsidiaries (the “ Company”)

as of December 31, 2024, the related consolidated

statement of income,

comprehensive income, stockholders’

equity,

and cash flows, for the year ended December

31, 2024, and the related notes (collectively

referred to as the “financial

statements”).

In our opinion, the financial statements

present fairly,

in all material respects, the financial position of the

Company as of December 31, 2024, and the results of its operations

and its cash flows for the year ended

December 31,

2024, in conformity with accounting principles

generally accepted in the United States

of America.

We have also audited,

in accordance with the standards

of the Public Company Accounting

Oversight Board (United

States) (PCAOB), the Company’s

internal control over

financial reporting as of December 31, 2024, based on criteria

established in Internal Control

 - Integrated Framework

(2013) issued by the Committee of Sponsoring

Organizations of

the Treadway

Commission and our report dated March

21, 2025, expressed an unqualified opinion on the Company’s

internal control over financial

reporting.

Basis for Opinion

These financial statements are

the responsibility of the Company’s

management. Our responsibility is to express

an

opinion on the Company’s financial statements

based on our audit. We are a public accounting

firm registered with the

PCAOB and are required to be

independent with respect to the Company in accordance

with the U. S. federal securities

laws and the applicable rules and regulations of

the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance

with the standards of the PCAOB. Those standards

require that we plan and

perform the audit to obtain reasonable

assurance about whether the financial statements

are free of material

misstatement, whether due to

error or fraud