Safe Bulkers Reports Strong Financial Performance Amid Market Volatility
Cyprus-linked shipping company Safe Bulkers has demonstrated resilient profitability and improved liquidity for the year 2025, despite facing challenges in a volatile dry bulk market influenced by geopolitical disruptions and changing trade flows. The NYSE-listed company, under the control of Polys Hajioannou, reported a net income of $38.6 million for 2025, a decrease from $97.4 million in 2024. The company maintained a disciplined capital structure throughout the year, which management emphasized as a key factor in navigating the turbulent market conditions.
Revenue for Safe Bulkers reached $275.7 million, down from $307.6 million the previous year. However, adjusted net income stood at $40.5 million, with adjusted EBITDA amounting to $128.4 million. The fourth quarter showed signs of recovery, with net revenues increasing by 2% year-on-year to $72.6 million and net income rising to $11.8 million. On an adjusted basis, earnings were reported at $15.9 million, translating to $0.14 per share, while adjusted EBITDA for the quarter was $37.4 million.
