Safe Bulkers Q2 FY26 net income more than doubles to USD 35.2 million; net revenues rise 33% to USD 87.5 million

Reuters2026/07/29 13:30

By:Reuters

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Safe Bulkers posted Q2 net income of USD 35.2 million, returning to profit from USD 1.7 million a year earlier.
Net revenues climbed 33% to USD 87.5 million, driven by higher charter hires and increased earnings from scrubber-fitted vessels.
Board raised the quarterly common dividend to USD 0.075 per share, payable Aug. 26 to holders of record Aug. 13.
Fleet stood at 46 vessels at quarter-end; leverage was about 30% based on vessels’ market valuations.
Repurchase program bought back 515,469 common shares as of July 24; management cited a relatively strong charter market.

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 via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001317861-26-000037), on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Safe Bulkers Q2 FY26 net income more than doubles to USD 35.2 million; net revenues rise 33% to USD 87.5 million

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