Safe Bulkers Inc, owned by Poly Hadjioannou, reported a profit of 38.6 million dollars in the first 12 months of 2025, compared to 97.4 million in 2024, in a year of increased volatility in the freight market.
According to the results announced by the listed company, net income for the year amounted to 275.7 million dollars, down from 307.6 million in the previous year. EBITDA amounted to 126.4 million, while adjusted earnings per share reached 0.32.
At the same time, in the fourth quarter of 2025, net income amounted to 72.6 million dollars and net income to 11.8 million, with adjusted earnings per share of 0.14.
New dividend of 0.05 per share
In parallel, the shipping company’s Board of Directors approved a dividend of 0.05 per share. The company maintains strong liquidity (167.4 million in cash) and is proceeding with a strategy of renewing its fleet, reducing its average age and focusing on ships with better environmental performance.
The company’s president, Dr. Loukas Barbaris, emphasized that the dry bulk market in 2025 was characterized by geopolitical uncertainty and intense volatility. He emphasized that the company maintains a balance between spot and time charters, ensuring flexibility and cash flow visibility, as well as a strong capital structure.
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