Safe Bulkers, Inc. (SB)

Safe Bulkers Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	277.51	307.63	284.4	349.72	329.03	198.16
Revenue Growth (YoY)	-9.65%	8.17%	-18.68%	6.29%	66.05%	0.20%
Cost of Revenue	111.15	108.75	110.26	89.51	81.11	111.03
Gross Profit	166.36	198.88	174.14	260.21	247.92	87.13
Selling, General & Admin	28.32	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	89.59	87.01	80.37	75.56	68.08	76.65
Operating Income	76.77	111.87	93.77	184.65	179.84	10.48
Interest Expense	-33.63	-34.33	-26.85	-13.82	-11.14	-24.34
Interest & Investment Income	4.08	3.4	2.5	0.78	0.07	0.6
Currency Exchange Gain (Loss)	-7.39	4.17	-1.87	-1.1	-0.91	0.92
Other Non Operating Income (Expenses)	5.92	-4.29	-0.57	2.04	-5.08	-0.57
EBT Excluding Unusual Items	45.75	80.82	66.98	172.55	162.77	-12.91
Gain (Loss) on Sale of Assets	7.67	16.56	10.38	-	11.58	-
Pretax Income	53.43	97.38	77.35	172.55	174.35	-12.91
Net Income	53.43	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	45.43	89.38	69.35	163.58	163.56	-25.31
Net Income Growth	-44.09%	25.89%	-55.17%	-1.03%	-	-
Shares Outstanding (Basic)	105	108	114	121	114	103
Shares Outstanding (Diluted)	105	108	114	121	114	103
Shares Change (YoY)	-4.48%	-5.32%	-5.83%	6.10%	10.81%	0.92%
EPS (Basic)	0.43	0.83	0.61	1.36	1.44	-0.25
EPS (Diluted)	0.43	0.83	0.61	1.36	1.44	-0.25
EPS Growth	-45.68%	36.11%	-54.98%	-5.74%	-	-
Free Cash Flow	-41.52	-14.32	-86.9	34.77	107.98	12.93
Free Cash Flow Per Share	-0.40	-0.13	-0.77	0.29	0.95	0.13
Dividend Per Share	0.200	0.200	0.200	0.200	-	-
Gross Margin	59.95%	64.65%	61.23%	74.41%	75.35%	43.97%
Operating Margin	27.66%	36.36%	32.97%	52.80%	54.66%	5.29%
Profit Margin	16.37%	29.05%	24.39%	46.77%	49.71%	-12.77%
Free Cash Flow Margin	-14.96%	-4.65%	-30.55%	9.94%	32.82%	6.53%
EBITDA	136.21	170.01	147.9	234.17	232.2	64.75
EBITDA Margin	49.08%	55.26%	52.01%	66.96%	70.57%	32.67%
D&A For EBITDA	59.44	58.14	54.13	49.52	52.36	54.27
EBIT	76.77	111.87	93.77	184.65	179.84	10.48
EBIT Margin	27.66%	36.36%	32.97%	52.80%	54.66%	5.29%
Revenue as Reported	277.51	307.63	284.4	349.72	329.03	198.16

Updated Jul 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q