Safe Bulkers Inc. Reports Q1 2025 Results: Net Revenues Drop to $64.3M, Net Income Falls to $7.2M, EPS at $0.05

Reuters
05/20
<a href="https://laohu8.com/S/SB">Safe Bulkers</a> Inc. Reports Q1 2025 Results: Net Revenues Drop to $64.<a href="https://laohu8.com/S/MMM">3M</a>, Net Income Falls to $7.2M, EPS at $0.05

Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced its unaudited financial results for the first quarter of 2025. The company reported net revenues of $64.3 million, a decrease from $71.5 million in the fourth quarter of 2024 and $81.7 million in the first quarter of 2024. Net income for the first quarter of 2025 was $7.2 million, down from $19.4 million in the previous quarter and $25.3 million in the same period of the previous year. Adjusted net income for Q1 2025 stood at $7.8 million, compared to $18.1 million in Q4 2024 and $24.2 million in Q1 2024. The company reported earnings per share of $0.05, with a weighted average number of shares at 105,058,628. EBITDA for the first quarter of 2025 was $28.8 million, a decline from $41.9 million in the previous quarter and $47.9 million in Q1 2024. Additionally, the Board of Directors declared a cash dividend of $0.05 per share of outstanding common stock.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Safe Bulkers Inc. published the original content used to generate this news brief on May 19, 2025, and is solely responsible for the information contained therein.

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