Safe Bulkers Inc., led by Polys Hatziyiannou, reported a profit of $38.6 million for the year 2025, which starkly contrasts with the $97.4 million profit recorded in 2024. The shipping company experienced notable fluctuations in the freight market during the year. Their total annual revenue fell to $275.7 million from $307.6 million in the previous year, with EBITDA reported at $126.4 million and adjusted earnings per share at $0.32.

In the fourth quarter of 2025, Safe Bulkers achieved net revenues of $72.6 million and net income of $11.8 million, which corresponded to adjusted earnings per share of $0.14. Furthermore, the Board of Directors approved a dividend of $0.05 per share, indicating their confidence in the company's continued performance, despite the overall decline in profits for the year. The firm maintains a liquidity of $167.4 million in cash as it embarks on a strategic fleet renewal initiative focused on reducing the average age of its fleet and increasing sustainability through newer and more environmentally friendly vessels.

The shipping industry is witnessing increased volatility, which poses challenges for companies like Safe Bulkers. However, with a robust liquidity position and a clear strategy for fleet renewal, the company is positioning itself to navigate these turbulent waters while also addressing environmental concerns. This approach may enhance its market competitiveness in an industry that is increasingly prioritizing sustainability in its operations.