Safe Bulkers Q2 2025 Financial Results and Dividend Declaration

SEC Filing 6-K (0001317861-25-000041)

Safe Bulkers, Inc. reported its unaudited financial results for the second quarter of 2025, highlighting a net income of $1.7 million, a significant decrease from $27.6 million in the same period of 2024. The company declared a cash dividend of $0.05 per share of common stock. Key financial metrics include net revenues of $65.7 million, down from $78.5 million in Q2 2024, and EBITDA of $24.2 million, compared to $49.2 million in the prior year. The company attributed the decline in performance to a softer market and increased operating expenses. Safe Bulkers also announced new credit facilities and continued its fleet renewal strategy, focusing on environmental upgrades and compliance with international maritime regulations.