Safe Bulkers Income Statement

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
Revenue	274.66	307.63	284.4	349.72	329.03	198.16
Revenue Growth (YoY)	-13.74%	8.17%	-18.68%	6.29%	66.05%	0.20%
Cost of Revenue	112.79	108.75	110.26	89.51	81.11	111.03
Gross Profit	161.87	198.88	174.14	260.21	247.92	87.13
Selling, General & Admin	28.86	27.04	23.76	21.8	22.5	21.5
Other Operating Expenses	1.84	1.84	2.48	4.24	-6.78	0.88
Operating Expenses	90.57	87.01	80.37	75.56	68.08	76.65
Operating Income	71.3	111.87	93.77	184.65	179.84	10.48
Interest Expense	-33.58	-34.33	-26.85	-13.82	-11.14	-24.34
Interest & Investment Income	4.51	3.4	2.5	0.78	0.07	0.6
Currency Exchange Gain (Loss)	-4.82	4.17	-1.87	-1.1	-0.91	0.92
Other Non Operating Income (Expenses)	4.09	-4.29	-0.57	2.04	-5.08	-0.57
EBT Excluding Unusual Items	41.49	80.82	66.98	172.55	162.77	-12.91
Gain (Loss) on Sale of Assets	4.6	16.56	10.38	-	11.58	-
Pretax Income	46.09	97.38	77.35	172.55	174.35	-12.91
Net Income	46.09	97.38	77.35	172.55	174.35	-12.91
Preferred Dividends & Other Adjustments	8	8	8	8.98	10.79	12.41
Net Income to Common	38.09	89.38	69.35	163.58	163.56	-25.31
Net Income Growth	-56.37%	25.89%	-55.17%	-1.03%	-	-
Shares Outstanding (Basic)	104	108	114	121	114	103
Shares Outstanding (Diluted)	104	108	114	121	114	103
Shares Change (YoY)	-4.45%	-5.32%	-5.83%	6.10%	10.81%	0.92%
EPS (Basic)	0.37	0.83	0.61	1.36	1.44	-0.25
EPS (Diluted)	0.37	0.83	0.61	1.36	1.44	-0.25
EPS Growth	-59.17%	36.11%	-54.98%	-5.74%	-	-
Free Cash Flow	-46.22	-14.32	-86.9	34.77	107.98	12.93
Free Cash Flow Per Share	-0.44	-0.13	-0.77	0.29	0.95	0.13
Dividend Per Share	0.200	0.200	0.200	0.200	-	-
Gross Margin	58.93%	64.65%	61.23%	74.41%	75.35%	43.97%
Operating Margin	25.96%	36.36%	32.97%	52.80%	54.66%	5.29%
Profit Margin	13.87%	29.05%	24.39%	46.77%	49.71%	-12.77%
Free Cash Flow Margin	-16.83%	-4.65%	-30.55%	9.94%	32.82%	6.53%
EBITDA	131.17	170.01	147.9	234.17	232.2	64.75
EBITDA Margin	47.76%	55.26%	52.01%	66.96%	70.57%	32.67%
D&A For EBITDA	59.87	58.14	54.13	49.52	52.36	54.27
EBIT	71.3	111.87	93.77	184.65	179.84	10.48
EBIT Margin	25.96%	36.36%	32.97%	52.80%	54.66%	5.29%
Revenue as Reported	274.66	307.63	284.4	349.72	329.03	198.16

Updated Nov 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q