Safe Bulkers generated net revenues of 72568000 and net income of 11837000 in Q4 2025, with earnings per share of 0.10. Adjusted net income reached 15910000 and adjusted EBITDA was 37381000, supported by a higher average TCE rate of 17050 per day.
Safe Bulkers posted a net income of $17.8M on $73.1M in revenue for Q3 2025. Performance declined YoY due to reduced charter hire rates and lower contribution from scrubber-equipped vessels.
Safe Bulkers maintained profitability in Q1 2025 despite facing a seasonal and geopolitically-driven downturn in the charter market. Revenue fell 21% YoY, but disciplined cost control and a solid operating base helped preserve earnings.
Safe Bulkers, Inc. reported a decrease in net revenues and net income for Q4 2024 compared to Q4 2023, primarily due to a weaker charter market and increased operating expenses. Despite this, the company maintained a strong capital structure and declared a cash dividend.