Q4 2025 Safe Bulkers Inc Earnings Call Transcript
Key Points
- Safe Bulkers Inc (SB) achieved $0.14 of adjusted earnings per share in Q4 2025.
- The company declared a $0.05 per share dividend, marking the 17th consecutive quarterly dividend.
- Safe Bulkers Inc (SB) maintains a prudent balance between spot- and time-charter exposure, enhancing market opportunity capture.
- The fleet's average age is 10.5 years, younger than the global average, strengthening operational performance.
- Safe Bulkers Inc (SB) has significant liquidity and capital resources of $382 million, supporting financial flexibility.
- Daily vessel operating expenses increased by 13% in Q4 2025 compared to the same period in 2024.
- Adjusted EBITDA for Q4 2025 decreased to $37.4 million from $40.7 million in Q4 2024.
- The dry-bulk market experienced increased volatility in 2025 due to geopolitical reasons.
- Coal shipments are projected to decline by 1% to 2% in 2026, impacting demand.
- High Chinese port inventories may soften import demand in the first half of 2026.
Thank you for standing by, ladies and gentlemen, and welcome to Safe Bulker's conference call for the fourth-quarter 2025 financial results. We have with us Mr. Polys Hajioannou, Chairman and Chief Executive Officer; Dr. Loukas Barmparis, President; and Mr. Konstantinos Adamopoulos, Chief Financial Officer of the company. (Operator Instructions) Following this conference call, if you need further information on the conference call or on the presentation, please contact Capital Link at (212) 661-7566. I must advise you that this conference call is being recorded today.
The archived webcast of the conference will soon be made available on Safe Bulker's website, www.safebulkers.com. Many of the remarks today contain forward-looking statements based on current expectations. Actual results may differ materially from results projected from those forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained in the fourth
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