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Declares Dividend of $0.15 per share for Q3 2025 Represents Genco's 25th Consecutive Quarterly Dividend New York - November 5, 2025 Genco Shipping & Trading Limited (NYSE:GNK) ("Genco" or the "Company"), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months and nine months ended September 30, 2025. Third Quarter 2025 and Year-to-Date Highlights Dividend • Declared a $0.15 per share dividend for Q3 2025 • 25th consecutive quarterly dividend • Cumulative dividends of $7.065 per share or approximately 43% of our current share price1 • Q3 2025 dividend is payable on or about November 24, 2025 to all shareholders of record as of November 17, 2025 Growth • Acquired the Genco Courageous, a high specification 2020-built 182,000 dwt scrubber-fitted Capesize vessel in October 2025 $600 million revolving credit facility (RCF) • In July, we amended our credit facility to establish a $600 million RCF to provide significant borrowing capacity to pursue growth opportunities among other uses Q3 2025 financial results • Net loss of $1.1 million, or basic and diluted net loss per share of $0.02 • Adjusted net loss of $0.4 million or basic and diluted loss per share of $0.01, excluding loss on debt extinguishment of $0.7 million • Adjusted EBITDA: $21.7 million2 • Voyage revenues: $79.9 million • Net revenue2: $55.0 million • Average daily fleet-wide TCE2: $15,959 per day Estimated Q4 2025 TCE to date • $20,101 for 72% of our owned fleet available days2 John C. Wobensmith, Chief Executive Officer, commented, "During the third quarter, Genco's execution of its value strategy was once again strong, as we declared our 25th consecutive dividend and grew our high-specification Capesize fleet. Including the third quarter, these dividends have now totaled $7.065 per share, or approximately 43% of our current share price. As part of our value strategy, we have also paid down $279 million in debt since the strategy's inception and invested approximately $200 million in modern Capesize vessels since 2023." Mr. Wobensmith continued, "Notably, our TCE has increased each quarter this year. Based on the compelling supply side fundamentals and demand growth catalysts set to materialize, we remain optimistic on the drybulk freight market. Specifically, our Q4 TCE to date is estimated to be over $20,000 per day or more than 25% higher than Q3. As we progress through the fourth quarter and position Genco for 2026, we do so with the majority of our drydock schedule complete, a further reduced cash flow breakeven level, and significant operating leverage to capitalize on improving drybulk fundamentals. Going forward, our focus remains on providing shareholders with sizeable returns and taking advantage of attractive growth opportunities to continue to increase our earnings capacity and create enduring long-term value." 1 Genco share price as of November 4, 2025. 2 We believe the non-GAAP measure presented provides investors with a means of better evaluating and understanding the Company's operating performance. Please see Summary Consolidated Financial and Other Data below for further reconciliation. Regarding Q4 2025 TCE, this estimate is based on both period and current spot fixtures, actual results will vary from current estimates. Net revenue is defined as voyage revenues minus voyage expenses, charter hire expenses and realized gains or losses on fuel hedges. Comprehensive Value Strategy Genco's comprehensive value strategy is centered on three pillars: • Dividends: paying sizeable quarterly cash dividends to shareholders • Deleveraging: making voluntary debt repayments to maintain low financial leverage, and • Growth: opportunistically renewing and growing our asset base Key characteristics of our strategy include: • Net loan-to-value (LTV) of 12% at September 30, 2025 pro forma for the subsequently completed vessel acquisition3 • Strong liquidity position of $520.0 million at September 30, 2025, which consists of: • $90.0 million of cash on the balance sheet • $430.0 million of revolver availability • High operating leverage with our scalable fleet across the major and minor bulk sectors 3 Represents the principal amount of our credit facility debt outstanding less our cash and cash equivalents as of September 30, 2025 divided by estimates of the market value of our fleet (and, for the pro forma amount, the vessel we subsequently acquired) as of November 4, 2025 from VesselsValue.com. The actual market value of our vessels may vary. Growth We acquired the Genco Courageous, a 2020-built 182,000 dwt scrubber-fitted Capesize vessel, for $63.6 million. We took delivery of the vessel on October 15, 2025. Genco has funded the acquisition through a combination of cash on hand and a drawdown from its revolving credit facility. Dividend Policy Genco declared a cash dividend of $0.15 per share for the third quarter of 2025. While our stated formula, with a quarterly reserve of $19.50 million, produced a dividend of $0.05 per share for the quarter, the Board of Directors elected on management's recommendation to reduce the quarterly reserve to $14.90 million in order to declare the $0.15 per share dividend. The Q3 2025 dividend is payable on or about November 24, 2025 to all shareholders of record as of November 17, 2025. Full report About Genco Shipping & Trading Limited Genco Shipping & Trading Limited is a U.S. based drybulk ship owning company focused on the seaborne transportation of commodities globally. We transport key cargoes such as iron ore, coal, grain, steel products, bauxite, cement, nickel ore among other commodities along worldwide shipping routes. Our wholly owned high quality, modern fleet of dry cargo vessels consists of the larger Capesize (major bulk) and the medium-sized Ultramax and Supramax vessels (minor bulk) enabling us to carry a wide range of cargoes. Genco's fleet consists of 43 vessels with an average age of 12.7 years and an aggregate capacity of approximately 4,628,000 dwt. Genco Shipping & Trading Limited press release 
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