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

Hamilton, Bermuda, August 11, 2026

Himalaya Shipping Ltd. ("Himalaya," "Himalaya Shipping" or the "Company") announces preliminary unaudited results for the three and six months ended June 30, 2026.

Highlights for the Second Quarter of 2026

* Total time-charter revenues of $53.3 million, which represents average time charter equivalent ("TCE") earnings of approximately $50,600 per day, gross[1]. Average Baltic 5TC 180 Capesize Index was $36,303 per day.

* Net income of $24.6 million and EBITDA[2] of $44.0 million.

* Entered into a new time charter agreement for the Mount Emai for a period of 12 to 14 months at an index-linked rate, reflecting a significant premium to the Baltic 5TC 180 Capesize index.

* Converted the index-linked time charters for four vessels to fixed-rate time charters at an average rate of approximately $56,500 per day, gross, for the month of June 2026.

* Cash distributions of $0.15, $0.22 and $0.22 per common share for April, May and June 2026, respectively.

Subsequent Events

* Achieved TCE earnings for July 2026 of approximately $51,200 per day, gross.

* Declared a cash distribution of $0.22 per common share for July 2026.

* 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.

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

August 11, 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 of fixed assets; 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.