Safe Bulkers Earnings Reports

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.