Safe Bulkers Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	115.25	81.08	48.19	49.19	101	90.04
Short-Term Investments	-	44.34	39.73	64.19	1.08	11.78
Cash & Short-Term Investments	115.25	125.42	87.92	113.38	102.08	101.82
Cash Growth	35.12%	42.65%	-22.45%	11.06%	0.26%	-4.29%
Accounts Receivable	-	14.25	9.26	7.14	8.75	5.44
Other Receivables	-	0.83	0.01	0.02	-	0.05
Receivables	-	15.08	9.28	7.16	8.75	5.49
Inventory	-	14.88	16.65	17.32	8.65	12.04
Prepaid Expenses	-	7.01	6.61	5.76	3.48	3.8
Restricted Cash	-	3	2.02	1	-	3.4
Other Current Assets	43.71	-	24.24	13.08	1.15	8.19
Total Current Assets	158.95	165.39	146.72	157.7	124.12	134.73
Property, Plant & Equipment	1,121	1,144	1,092	1,001	896.33	942.16
Long-Term Investments	-	-	-	-	5.88	0.05
Long-Term Accounts Receivable	-	-	0.09	0.23	0.28	0.08
Long-Term Deferred Charges	-	-	0.26	0.51	0.88	0.16
Other Long-Term Assets	93.15	93.39	101.24	86.36	66.83	28.44
Total Assets	1,373	1,403	1,340	1,246	1,094	1,106
Accounts Payable	-	9.9	10.44	10.49	9.99	13.48
Accrued Expenses	-	11.84	8.38	10.82	5.42	4.66
Current Portion of Long-Term Debt	34.5	58.19	24.78	43.56	39.91	75.78
Current Portion of Leases	-	-	0.75	-	21.95	-
Current Unearned Revenue	-	6.54	10.85	9.52	11.01	6.22
Other Current Liabilities	24.03	-	0.53	16.93	0.41	4.57
Total Current Liabilities	58.53	86.47	55.73	91.32	88.69	104.72
Long-Term Debt	481.78	478.45	482.39	370.81	315.8	533.16
Long-Term Unearned Revenue	-	2.62	3.25	7.33	7.99	3.54
Other Long-Term Liabilities	6.03	3.93	5.93	4.55	2.6	1.36
Total Liabilities	546.33	571.48	547.31	474	415.08	642.77
Common Stock	826.28	0.11	0.11	0.12	0.12	0.1
Additional Paid-In Capital	-	324.14	352.9	378.97	425.2	354.28
Retained Earnings	-	507.34	439.46	392.79	253.86	90.31
Total Common Equity	826.28	831.58	792.47	771.88	679.19	444.69
Minority Interest	-	-	-	-	-	18.11
Shareholders' Equity	826.28	831.62	792.51	771.92	679.24	462.86
Total Liabilities & Equity	1,373	1,403	1,340	1,246	1,094	1,106
Total Debt	516.28	536.64	507.92	414.36	377.65	608.95
Net Cash (Debt)	-401.03	-411.22	-420	-300.99	-275.57	-507.13
Net Cash Per Share	-3.85	-3.82	-3.70	-2.49	-2.42	-4.94
Filing Date Shares Outstanding	102.33	105.27	111.62	118.88	121.65	105.4
Total Common Shares Outstanding	102.33	105.29	111.61	118.87	121.64	102.17
Working Capital	100.43	78.92	90.99	66.38	35.42	30.02
Book Value Per Share	8.07	7.90	7.10	6.49	5.58	4.35
Tangible Book Value	826.28	831.58	792.47	771.88	679.19	444.69
Tangible Book Value Per Share	8.07	7.90	7.10	6.49	5.58	4.35
Machinery	-	1,638	1,552	1,439	1,268	1,357

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