Himalaya Shipping Ltd. (HSHP) Announces its Preliminary Results for the Three and Nine Months Ended September 30, 2026

Hamilton, Bermuda, November 10, 2026

Himalaya Shipping Ltd. (“Himalaya,” “Himalaya Shipping” or the “Company”) announces preliminary unaudited results for the three and nine months ended September 30, 2026.

Highlights for the Third Quarter of 2026

• Total time charter revenues of $62.2 million, which represents average time charter equivalent (“TCE”) earnings of approximately $58,400 per day, gross^[1]. Average Baltic 5TC 180 Capesize Index was $41,369 per day.
• Net income of $33.3 million and EBITDA^[2] of $52.7 million.
• Entered into a new time charter agreement for the Mount Aconcagua for a period of 16 to 18 months at an index-linked rate, reflecting a significant premium to the Baltic 5TC 180 Capesize Index.
• Converted the index-linked time charters for two vessels to fixed-rate time charters at an average rate of approximately $51,200 per day, gross, from August 1, 2026 to December 31, 2026.
• Converted the index-linked time charters for two vessels to fixed-rate time charters at an average rate of approximately $53,000 per day, gross, from September 1, 2026 to March 31, 2027.
• Paid cash distributions of $0.22, $0.25 and $0.28 per common share for July, August and September 2026, respectively

Subsequent Events

• Achieved TCE earnings for October 2026 of approximately $50,900 per day, gross.
• Declared a cash dividend of $0.20 per common share for October 2026.
• Acquired an additional 1,800 shares in Peak Maritime for NOK 0.5 million, increasing the Company’s total ownership in Peak Maritime to 60%.
• Entered into new time charter agreements with their existing charterer for two vessels for a minimum period until October 1, 2027 with a 3-year evergreen structure thereafter at an index-linked rate, reflecting a significant premium to the Baltic 5TC 180 Capesize Index.

Himalaya Shipping Ltd. is an independent bulk carrier company, incorporated in Bermuda. Himalaya Shipping has twelve vessels in operation.

November 10, 2026

The Board of Directors
Himalaya Shipping Ltd.
Hamilton, Bermuda

^[1] The Company uses certain financial information calculated on a basis other than in accordance with accounting principles generally accepted in the United States (US GAAP) including average TCE earnings, gross and EBITDA. Average daily TCE earnings, gross, as presented above, represents time charter revenues and voyage charter revenues adding back address commissions and divided by fleet operational days. Please refer to the appendix of this release for a reconciliation of this non-GAAP measure to the most directly comparable financial measure prepared in accordance with US GAAP.
^[2] EBITDA as presented above represents our net income plus depreciation and amortization; total financial expenses, net; and income tax expense. Please refer to the appendix of this report for a reconciliation of this non-GAAP financial measure to the most directly comparable financial measure prepared in accordance with US GAAP.