Safe Bulkers Inc, a prominent shipping company led by Poly Hadjioannou, reported a profit of $38.6 million for the year 2025, showcasing a significant decline from $97.4 million in 2024 due to increased volatility in the freight market. The company's overall net income for the year stood at $275.7 million, a drop from $307.6 million from the previous year, indicating challenging market conditions that impacted revenue generation. EBITDA was reported at $126.4 million, with adjusted earnings per share recorded at $0.32 for the year.

In the fourth quarter of 2025, Safe Bulkers experienced a net income increase to $72.6 million, contributing to the overall profitability despite the yearly downturn. The company also reported a net income of $11.8 million for the quarter, with adjusted earnings per share at $0.14, reflecting a gradual recovery in its performance. Alongside these financial results, the Board of Directors announced a new dividend of $0.05 per share, emphasizing the company's commitment to returning value to its shareholders despite the market challenges.

Moreover, Safe Bulkers maintains a robust liquidity position with $167.4 million in cash reserves and is actively pursuing a strategy to rejuvenate its fleet. This strategy focuses on reducing the average age of its vessels and enhancing the environmental performance of its fleet, aligning with industry trends towards sustainability. As the shipping industry navigates uncertainties, Safe Bulkers' proactive measures could position it favorably in the evolving market landscape.