Safe Bulkers Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	275.74	307.63	284.4	349.72	329.03
Revenue Growth (YoY)	-10.37%	8.17%	-18.68%	6.29%	66.05%
Cost of Revenue	116.8	108.75	110.26	89.51	81.11
Gross Profit	158.94	198.88	174.14	260.21	247.92
Selling, General & Admin	29.85	27.04	23.76	21.8	22.5
Other Operating Expenses	3.84	1.84	2.48	4.24	-6.78
Operating Expenses	93.57	87.01	80.37	75.56	68.08
Operating Income	65.37	111.87	93.77	184.65	179.84
Interest Expense	-33.09	-34.33	-26.85	-13.82	-11.14
Interest & Investment Income	5.12	3.4	2.5	0.78	0.07
Currency Exchange Gain (Loss)	-10.04	4.17	-1.87	-1.1	-0.91
Other Non Operating Income (Expenses)	6.61	-4.29	-0.57	2.04	-5.08
EBT Excluding Unusual Items	33.97	80.82	66.98	172.55	162.77
Gain (Loss) on Sale of Assets	4.6	16.56	10.38	-	11.58
Pretax Income	38.56	97.38	77.35	172.55	174.35
Net Income	38.56	97.38	77.35	172.55	174.35
Preferred Dividends & Other Adjustments	8	8	8	8.98	10.79
Net Income to Common	30.56	89.38	69.35	163.58	163.56
Net Income Growth	-60.40%	25.89%	-55.17%	-1.03%	-
Shares Outstanding (Basic)	103	108	114	121	114
Shares Outstanding (Diluted)	103	108	114	121	114
Shares Change (YoY)	-4.22%	-5.32%	-5.83%	6.10%	10.81%
EPS (Basic)	0.30	0.83	0.61	1.36	1.44
EPS (Diluted)	0.30	0.83	0.61	1.36	1.44
EPS Growth	-64.30%	36.11%	-54.98%	-5.74%	-
Free Cash Flow	102.3	-14.32	-86.9	34.77	107.98
Free Cash Flow Per Share	0.99	-0.13	-0.77	0.29	0.95
Dividend Per Share	0.200	0.200	0.200	0.200	-
Gross Margin	57.64%	64.65%	61.23%	74.41%	75.35%
Operating Margin	23.71%	36.36%	32.97%	52.80%	54.66%
Profit Margin	11.08%	29.05%	24.39%	46.77%	49.71%
Free Cash Flow Margin	37.10%	-4.65%	-30.55%	9.94%	32.82%
EBITDA	125.25	170.01	147.9	234.17	232.2
EBITDA Margin	45.42%	55.26%	52.01%	66.96%	70.57%
D&A For EBITDA	59.88	58.14	54.13	49.52	52.36
EBIT	65.37	111.87	93.77	184.65	179.84
EBIT Margin	23.71%	36.36%	32.97%	52.80%	54.66%
Revenue as Reported	275.74	307.63	284.4	349.72	329.03

Source: S&P Global Market Intelligence. Standard template. Financial Sources.