Safe Bulkers Inc ( (SB) ) has released its Q3 earnings. Here is a breakdown of the information Safe Bulkers Inc presented to its investors.
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Safe Bulkers Inc., a key player in the marine drybulk transportation sector, offers services that facilitate the global movement of bulk commodities such as coal, grain, and iron ore. The company operates a fleet of vessels, including Panamax, Kamsarmax, Post-Panamax, and Capesize classes, and is committed to fleet renewal and environmental compliance.
In its third-quarter 2025 earnings report, Safe Bulkers Inc. announced a net income of $17.8 million, a decrease from $25.1 million in the same period last year. The company also declared a cash dividend of $0.05 per share on its common stock. Despite a weaker charter market environment, the company maintained a strong capital structure and continued its fleet renewal strategy by selling two older vessels.
Key financial metrics revealed a slight decline in net revenues to $73.1 million from $75.9 million year-over-year, primarily due to lower charter hires and decreased earnings from scrubber-fitted vessels. The company reported an EBITDA of $40.1 million, down from $47.4 million in the previous year, and an adjusted EBITDA of $36.1 million. Safe Bulkers also entered into a $75 million sustainability-linked credit facility, aligning its financing with corporate sustainability goals.
Looking ahead, Safe Bulkers Inc. remains focused on its fleet renewal strategy, with an orderbook of six newbuilds designed to meet stringent environmental regulations. The company is also enhancing its existing fleet’s energy efficiency and reducing fuel consumption to lower greenhouse gas emissions. Management anticipates continued market volatility due to geopolitical factors but remains committed to maintaining a flexible capital structure to navigate these challenges.