Safe Bulkers, Inc. (NYSE:SB) Q4 2025 Earnings Call Transcript
Safe Bulkers, Inc. (NYSE:SB) reported adjusted earnings per share of $0.14 for Q4 2025 and declared a $0.05 per share dividend. The company highlighted increased market volatility due to geopolitical reasons but maintained a strong capital structure and focused on modern, fuel-efficient vessels. Management also discussed challenges in acquiring quality secondhand tonnage and the evolving time charter market, noting a preference for fixed-rate contracts given current market conditions.
Safe Bulkers Q4 2025 Earnings Surge: TCE Rates Soar 3%
Safe Bulkers (NYSE: SB) reported a strong Q4 2025 with net revenue reaching $72.6 million, a 2% increase year-over-year, and Time Charter Equivalent (TCE) rates climbing 3% to $17,050 per day. The company is actively expanding and modernizing its fleet with eight new ships on order and 26 vessels receiving eco-upgrades. Despite a 10% decline in full-year 2025 net revenue due to market volatility, Safe Bulkers maintains a solid financial position with over $382 million in cash and undrawn credit, and continues to prioritize shareholder returns through dividends and share buybacks.
Safe Bulkers Q4 2025 slides: Revenue beat offset by rising costs, dividend maintained
Safe Bulkers Inc. (NYSE:SB) reported mixed financial results for Q4 2025, with revenues exceeding expectations but adjusted EPS falling short due to rising operating costs. The company maintained its quarterly dividend of $0.05 per share, demonstrating a commitment to shareholder returns. Safe Bulkers continues to focus on fleet modernization and strategic management while navigating a cautiously optimistic dry bulk shipping market outlook.
Transcript : Safe Bulkers, Inc., Q4 2025 Earnings Call, Feb 19, 2026
This article provides the transcript for Safe Bulkers, Inc.'s Q4 2025 Earnings Call held on February 19, 2026. It also includes recent announcements from Safe Bulkers, such as their Q4 and full-year 2025 earnings results, dividend declaration, vessel sales, and new vessel acquisition agreements. The content indicates that the full transcript is reserved for subscribers.
Safe Bulkers reports Q4 adjusted EPS 14c vs. 15c last year
Safe Bulkers (SB) reported adjusted earnings per share of 14 cents for the fourth quarter of 2025, a slight decrease from 15 cents in the previous year. The company's Q4 revenue increased to $72.6 million from $71.5 million year-over-year, primarily driven by higher revenues from charter hires and scrubber-fitted vessels. Despite market volatility due to geopolitical reasons, the company declared a five cents per share dividend for common shareholders.
Safe Bulkers declares quarterly dividends on preferred shares By Investing.com
Safe Bulkers, Inc. (NYSE:SB) has declared quarterly cash dividends on its Series C and Series D Cumulative Redeemable Perpetual Preferred Shares. The dividends of $0.50 per share for both series will be paid on January 30, 2026, to shareholders of record as of January 16, 2026, covering the period from October 30, 2025, to January 29, 2026. The company operates with strong gross profit margins and its stock is considered undervalued by InvestingPro, having surged over 32% in the past six months.
Safe Bulkers declares quarterly dividend on Series C and Series D preferred shares
Safe Bulkers, Inc. has announced a quarterly cash dividend of US$0.50 per share for both its Series C and Series D Cumulative Redeemable Perpetual Preferred Shares. These dividends cover the period from October 30, 2025, to January 29, 2026, and will be paid on January 30, 2026, to shareholders of record as of January 16, 2026. Dividends for these preferred shares are typically paid quarterly in arrears.
Cyprus Maritime Updates
The Cyprus Marine Club (CMC) hosted its 3rd Annual Interview on December 18, 2025, featuring Mr. Loukas Hajioannou, CEO of Safe Bulkers, Inc. The event attracted a record 130 participants and honored H.E. Deputy Shipping Minister V. Demetriades. Discussions covered Safe Bulkers' operations, market predictions, regulatory impacts, and initiatives enhancing maritime education.
Safe Bulkers (NYSE: SB) okays buyback for 9.8% of shares, 20.0% float
Safe Bulkers Inc. (NYSE: SB) announced a new share repurchase program, authorizing the buyback of up to 10,000,000 common shares. This would represent approximately 9.8% of outstanding shares and 20.0% of the public float. The program is discretionary, funded by existing cash resources, and supersedes any previous repurchase initiatives.
Safe Bulkers, Inc. Authorizes Stock Repurchase Program for Up to 10 Million Shares
Safe Bulkers, Inc. (NYSE: SB) has authorized a new stock repurchase program allowing the company to buy back up to 10 million shares of its common stock, representing approximately 9.8% of outstanding shares and 20.0% of its public float. This program, which replaces any prior repurchase plans, will be funded using the company's existing cash resources and is not an obligation, meaning it can be modified or terminated at any time. The announcement also includes forward-looking statements regarding growth strategy and potential market risks.
Safe Bulkers (NYSE: SB) posts third quarter 2025 results and declares $0.05 dividend
Safe Bulkers (NYSE: SB) reported its Q3 2025 results, with net revenues of $73.1M, net income of $17.8M, and EBITDA of $40.1M, and declared a cash dividend of $0.05 per share. The company is actively renewing its fleet, selling older vessels and ordering six new IMO GHG Phase 3 vessels, two of which are methanol dual-fuel. Despite a weaker charter market contributing to decreased Q3 net income and EBITDA compared to the previous year, Safe Bulkers maintains a strong capital structure with $187.2M in cash and a new $75M sustainability-linked revolving credit facility.
Marine Shipping Leader Safe Bulkers Completes Board Restructure with Three Director Elections
Safe Bulkers, Inc. (NYSE: SB) announced the results of its 2025 Annual Meeting of Stockholders, held in Monaco. Shareholders elected Dr. Loukas Barmparis, Marina Hajioannou, and Christos Megalou as Class II directors, who will serve until the 2028 annual meeting. Additionally, Deloitte, Certified Public Accountants S.A. was ratified as the company's independent auditor for fiscal year 2025.
Safe Bulkers offers €10,000 scholarships to Cypriot, Greek students
Safe Bulkers Inc. has launched its 5th Annual Scholarship Programme for 2025-2026, offering ten €10,000 scholarships to Cypriot and Greek students residing in Cyprus. These scholarships aim to support careers in the maritime industry, covering fields like naval architecture, engineering, computer science, and shipping law, based on academic merit and financial need. This initiative aligns with the company's ESG policy to foster highly qualified professionals in Cyprus's maritime sector.
Safe Bulkers completes sale of oldest Kamsarmax vessels
Safe Bulkers Inc. has completed the sale of its two oldest Kamsarmax vessels, the MV Pedhoulas Merchant and Pedhoulas Leader, as part of a fleet renewal strategy. The Pedhoulas Merchant was sold for $11.5 million, with delivery expected in September 2025. This move aligns with the company's plan to integrate four newbuilds by 2026, bringing its total new orders to six vessels by 2027.
Safe Bulkers, Inc. Announces Sale of MV Pedhoulas Merchant for $11.5 Million as Part of Fleet Renewal Strategy
Safe Bulkers, Inc. has announced the sale of its MV Pedhoulas Merchant vessel for $11.5 million, with delivery scheduled for September 2025. This move is part of the company's fleet renewal strategy, which includes divesting older vessels like the Pedhoulas Leader and anticipating the delivery of four newbuilds by 2026. The company aims to enhance operational efficiency and manage market risks, with its shares trading on the NYSE under the symbol "SB".
3 Promising Penny Stocks With Market Caps Up To $600M
This article identifies three promising penny stocks—Talkspace (TALK), Definitive Healthcare (DH), and Ranpak Holdings (PACK)—highlighting their financial health, market caps, and recent performance. Talkspace shows profitability and strategic partnerships, Definitive Healthcare faces unprofitability but maintains strong cash flow, and Ranpak Holdings, despite being unprofitable, is focusing on strategic partnerships and operational efficiency. The article emphasizes that while these smaller companies offer opportunities, potential risks like insider selling or high debt ratios should be considered.
Safe Bulkers Takes Delivery Of Oshima Kamsarmax Bulker
Safe Bulkers Inc. has announced the delivery of the Mv Efrossini, an 82,000 DWT Kamsarmax bulk carrier built by Oshima Shipbuilding in Japan. This new vessel meets strict environmental regulations and adds to Safe Bulkers' fleet, with six more newbuilds expected. The company now operates a fleet of 47 vessels.
Cyprus-flagged vessel joins Safe Bulkers’ growing fleet
Cyprus-flagged vessel ‘EFROSSINI’ has joined Safe Bulkers' fleet, increasing it to 47 ships. The New York-listed company, led by Cypriot shipowner Polys Hajioannou, has six more vessels under construction and continues to register ships in Cyprus, reinforcing the island's position as a global shipping hub. Safe Bulkers specializes in dry bulk vessels, with 85% of its fleet built in Japanese shipyards, reflecting its commitment to operational excellence.
Safe Bulkers (SB) Upgraded to Strong Buy: What Does It Mean for the Stock?
Safe Bulkers (SB) has been upgraded to a Zacks Rank #1 (Strong Buy) due to an upward trend in its earnings estimates. This upgrade suggests a positive outlook for the company's earnings, which historically correlates with favorable stock price movements. Investors can use this information, based on the reliable Zacks Rank system, to potentially inform investment decisions for near-term market-beating returns.
Safe Bulkers: Q1 Earnings Snapshot
Safe Bulkers Inc. (SB) reported a net income of $25.3 million in its first quarter, with adjusted earnings of 20 cents per share. The shipping company posted $81.7 million in revenue, with adjusted revenue at $76.8 million. This report was generated using data from Zacks Investment Research.
Safe Bulkers Announces Quarterly Preferred Share Dividend
Safe Bulkers (SB) has declared a quarterly cash dividend of $0.50 per share for both its Series C and Series D Cumulative Redeemable Perpetual Preferred Shares. Shareholders of record as of July 19, 2024, will receive this dividend on July 30, 2024. The company noted that future dividend declarations are subject to Board discretion and dependent on economic and company-specific factors.
SafeBulkers Inc. boosts Cypriot fleet with modern ships
Safebulkers Inc. has expanded its Cypriot fleet with two new bulk carriers, MV AMMOXOSTOS and MV KERYNIA, built to modern environmental standards in Japan. These additions are part of a larger plan to incorporate 16 new ships, including seven energy-efficient vessels, and several dual-fuel vessels by 2027, all aimed at enhancing the Cypriot flag's competitiveness and environmental compliance. The naming of some ships after occupied cities also carries symbolic significance, commemorating the 50th anniversary of the Turkish invasion of Cyprus.
Safe Bulkers Sells 2005-Built Panamax
Safe Bulkers has sold its oldest vessel, the 2005-built Panamax bulk carrier Maritsa, for $12.2 million. This sale aligns with the company's strategy to divest older ships and acquire newbuilds to enhance environmental performance and competitiveness. Safe Bulkers maintains a fleet of 48 vessels and has an orderbook of seven new Kamsarmax class vessels.
Two more Cyprus-flag carriers for Safe Bulkers
Safe Bulkers, Inc. has taken delivery of two new Kamsarmax class dry bulk vessels, bringing its fleet to 48 ships, with 16 flying the Cyprus flag. These new additions commemorate occupied Cypriot towns, and the company expects seven more newbuilds by 2027, all designed to meet stringent environmental efficiency standards. The Cyprus Deputy Minister for Shipping used the occasion in Japan to promote the Cyprus registry and shipping industry.
Safe Bulkers, Inc: Carrying the Cypriot flag in the world’s seas
Safe Bulkers, Inc. is a leading international provider of seaborne transportation for drybulk commodities, incorporated in the Marshall Islands with offices including Cyprus, and listed on the NYSE under "SB". The company operates a modern fleet of 44 bulk carriers, with 42 flying the Cyprus flag, making it the largest ship-owner under the Cyprus Registry. Safe Bulkers is committed to fleet modernization, decarbonization, and community engagement, including a scholarship program for maritime studies in Cyprus.
Safe Bulkers, Inc. Sets Date for the First Quarter 2022 Results, Conference Call and Webcast
Safe Bulkers, Inc. announced that it will release its first-quarter 2022 financial results after the market closes on Wednesday, May 25, 2022. The company will host a conference call and webcast on Thursday, May 26, 2022, at 9:00 A.M. Eastern Time to discuss the results. Details for participating in the conference call and accessing the webcast are provided for investors and interested parties.
Cyprus Marine Club interview with the CEO of Safebulkers Shipmanagement Polys Hajioannou
The Cyprus Marine Club hosted its 3rd Annual Interview with Key Shipping Figures, featuring Polys Hajioannou, CEO and Chairman of Safe Bulkers, Inc. Mr. Hajioannou discussed Safe Bulkers' global activities, business philosophy, market prognosis, and his views on maritime regulations. The event attracted a record 130 participants, highlighting the club's growing membership and influence in the Cypriot shipping industry.
Anna Vissi’s performance at The Yianis Christodoulou Foundation gala dinner to be live streamed
The Yianis Christodoulou Foundation is live-streaming Anna Vissi's performance at their gala dinner on July 8th to benefit nine special needs public schools in Cyprus. The event aims to raise funds to upgrade learning and living environments for vulnerable children, with all operational costs covered by the Yianis Group. The Foundation has a strong track record of impactful projects both internationally and within Cyprus.
Cyprus Interviews
This article features an interview with Polys V. Hajioannou, CEO of Safe Bulkers Inc., discussing the company's commitment to eco-friendly operations, fleet renewal, and its significant role in the Cypriot Shipping Registry. He addresses the challenges and prospects of the registry, compliance with environmental regulations, and the company's future projects, including fleet modernization and deleveraging. Safe Bulkers Inc., listed on the NYSE, is a major owner in the Cyprus Shipping Registry and has been actively investing in environmental technologies and expanding its ship management activities in Cyprus.
Safe Bulkers Agrees With COSCO Shipping To Install Alfa Laval PureSOx Scrubbers
Safe Bulkers, Inc. has announced an agreement with COSCO Shipping Heavy Industry Co. Ltd. to install Alfa Laval PureSOx scrubbers on about half of its fleet, primarily medium-sized vessels, beginning in the second quarter of 2019. The plan aims to allow these vessels to operate with Heavy Fuel Oil (HFO) after January 1st, 2020, while smaller, more fuel-efficient vessels will use compliant low sulfur fuels. The project, costing approximately $2.0 million per vessel, will also include the installation of ERMA First Ballast Water Treatment Systems.
Panamax Rates Rising as Crop Cargoes Near Record
Panamax rates are rising due to near-record agricultural exports, with global shipments of wheat, corn, and soybeans projected to increase significantly in the 2013-14 crop year. This increase in cargo is helping to alleviate the capacity glut in the shipping industry, boosting earnings for vessel owners like Safe Bulkers Inc., although rates still remain below break-even points for many. Despite potential setbacks from declines in other cargo types and continued overcapacity, the outlook for Panamax owners is improving due to strong demand for grain transport, particularly from the U.S. and China.
Safe Bulkers: A Success Story in an Otherwise Uninspiring Dry Bulk Shipping Market
Safe Bulkers (SB) is highlighted as a success story in the dry bulk shipping market, distinguishing itself through strategic long-term charters, particularly in the capesize sector. The company's focus on securing fixed-rate contracts with first-class charterers, combined with low operating costs, enables it to manage debt and thrive even in bear markets. The article identifies the likely charterers of its capesize vessels as Arcelor Mittal, Tata, and Louis Dreyfous Armateurs, underscoring the company's strong counterparty relationships.
