Financial Data and Key Metrics Changes - The adjusted EBITDA for Q1 2025 was $29.4 million, down from $64.3 million in Q1 2024, indicating a significant decline in profitability [19] - Adjusted earnings per share for Q1 2025 were $0.05, compared to $0.20 in Q1 2024, reflecting a decrease in earnings [19] - Average daily time charter equivalent decreased to $14,655 in Q1 2025 from $18,158 in Q1 2024 [19] - Daily vessel operating expenses increased by 6% to $5,765 in Q1 2025 from $5,442 in Q1 2024 [19] Business Line Data and Key Metrics Changes - The company operated an average of 46 vessels in Q1 2025, down from 47.08 vessels in Q1 2024 [19] - Daily vessel earning expenses, excluding dry docking and pre-delivery expenses, increased by 10% to $5,546 in Q1 2025 from $5,038 in Q1 2024 [19] Market Data and Key Metrics Changes - The drybulk fleet is projected to grow by about 2.8% on average in 2025 and 2026, with Panamax vessels comprising the largest share [7] - Global drybulk demand is forecasted to decline by 1% to 0% in 2025, followed by growth of 1.5% to 2.5% in 2026 [12] - China's GDP growth is projected to be 4% in 2025, indicating a slowdown in consumption [13] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet, operational excellence, and environmental performance in line with IMO regulations [6] - The company aims to increase shareholder wealth through capital allocation towards newbuilds and improving operational efficiency [6] - The company has a strong emphasis on sustainability, with a commitment to energy-efficient designs and a young fleet [10][17] Management's Comments on Operating Environment and Future Outlook - Management noted a softer charter market due to seasonality, geopolitical uncertainties, and tariff concerns affecting global trade [5] - The company anticipates a continued focus on fleet decarbonization and energy-efficient new buildings as supply growth is expected to outpace demand [11] - Management expressed caution regarding the freight market, indicating that they will not rush into share buybacks until market conditions improve [30] Other Important Information - The company declared a $0.05 per share dividend, marking the fourteenth consecutive quarterly dividend [14] - The company completed a share repurchase program of 3 million common shares [15] - The company maintains a healthy cash position of around $122 million and has $128 million available in committed revolving credit facilities [21] Q&A Session Summary Question: Thoughts on future share buybacks given market conditions - Management indicated that buybacks depend on market conditions and stock price, stating that they believe their stock is undervalued [24][25] Question: Current state of the sale and purchase market for ships - Management noted that S&P values have dropped by around 25% for older ships and 10-15% for modern ships, making it unattractive to buy ships at this time [28] Question: Status of the 3 million share buyback program - Management confirmed that the 3 million share buyback program was completed during the first quarter [32] Question: Appetite for trading Capesize vessels on spot versus time charters - Management stated they prefer to trade in the spot market unless period employment rates exceed $20,000, at which point they would consider long-term contracts [34][35]

Market Overview - The IMF projects global GDP growth of +2.8% for 2025 and +3% for 2026[32] - Global inflation is estimated at 4.3% for 2025 and 3.6% for 2026[32] - Dry bulk demand is expected to be 0% in 2025 and +1.5% in 2026[32] - The orderbook represents 11% of the existing dry bulk fleet[18] Company Performance - The company declared a $0.05 per share quarterly dividend[46] - The company repurchased 3 million common shares[46] - Net revenues were $64.3 million for the quarter[46] - The company's consolidated leverage is 37%[46, 57] Financial Strength - The company has $128 million in cash[55] - Contracted revenues stand at $203 million[55] - The estimated fleet scrap value is $317 million[55, 56]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2025 Form 20-F ý Form 40-F o Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): SAFE BULKERS, INC. (Tran ...

Core Viewpoint - Safe Bulkers, Inc. reported a decline in financial performance for Q1 2025 compared to the same period in 2024, with net revenues decreasing by 21% and net income significantly lower due to softer charter markets and increased operating expenses [1][48]. Financial Performance - Net revenues for Q1 2025 were $64.3 million, down from $81.7 million in Q1 2024 [2][48]. - Net income decreased to $7.2 million in Q1 2025 from $25.3 million in Q1 2024 [2][48]. - Adjusted net income for Q1 2025 was $7.8 million compared to $24.2 million in Q1 2024 [2][48]. - EBITDA for Q1 2025 was $28.8 million, down from $47.9 million in Q1 2024 [2][48]. Operational Metrics - The average daily time charter equivalent (TCE) rate fell to $14,655 in Q1 2025 from $18,158 in Q1 2024 [3][48]. - Daily vessel operating expenses increased by 6% to $5,765 in Q1 2025 compared to $5,442 in Q1 2024 [3][55]. - The average number of vessels operated was 46.00 in Q1 2025, down from 47.08 in Q1 2024 [3][48]. Fleet and Capital Expenditures - As of May 9, 2025, the fleet consisted of 47 vessels with an average age of 10.1 years [18][33]. - The company has an orderbook of six newbuilds with a total capital expenditure requirement of approximately $252.4 million [19][33]. - The company has paid $76.5 million towards the newbuilds, with $175.9 million remaining [19][33]. Debt and Liquidity - Total debt as of March 31, 2025, was $528.2 million, with a consolidated leverage of approximately 37% [26][36]. - The company had $127.7 million in cash and cash equivalents and $148.9 million in undrawn revolving credit facilities as of March 31, 2025 [8][31]. - The repayment schedule for total debt includes $54.1 million due in 2025 and $167.9 million in 2027 [26][36]. Dividend Declaration - The Board declared a cash dividend of $0.05 per share on May 19, 2025, payable on June 20, 2025 [37][39].

Earnings Release: Monday, May 19, 2025, After Market Closes Conference Call and Webcast: Tuesday, May 20, 2025, at 10:00 A.M. Eastern Time MONACO, May 13, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it will release its results for the first quarter ended March 31, 2025, after the market closes in New York on Monday, May 19, 2025. On Tuesday, May 20, 2025, at 10:00 A.M. Eastern Time, the Compan ...

Core Points - Safe Bulkers, Inc. is hosting a special ceremony at the New York Stock Exchange to honor the Republic of Cyprus as a global business destination [1][2] - The event marks the ten-year anniversary of Safe Bulkers' operations in Cyprus and highlights the country's attractiveness as a business hub in the Eastern Mediterranean [2][3] - The ceremony includes the participation of prominent figures such as the President of Cyprus and members of the business community, emphasizing the company's successful journey on the NYSE since 2008 [2][3] Company Overview - Safe Bulkers, Inc. is an international provider of marine dry-bulk transportation services, specializing in transporting bulk cargoes like grain, coal, and iron ore [5] - The company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" [5] Event Details - The event is part of the 3rd Capital Link Cyprus Business Forum, which aims to foster dialogue on Cyprus's business and investment landscape [3] - Safe Bulkers is a grand sponsor of the forum and is hosting a dinner reception in honor of the President of Cyprus [4]

MONACO, April 02, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company’s Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the “Series C Preferred Shares”) (NYSE: SB.PR.C) for the period from January 30, 2025 to April 29, 2025;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeem ...

Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes [3]. Event Participation - Safe Bulkers will participate in the 19th Annual Capital Link International Shipping Forum on March 31, 2025, at the Metropolitan Club in New York City, where it will hold one-on-one meetings with institutional investors [1][2]. Forum Details - The forum is a significant event that gathers executives, investors, and analysts to discuss macroeconomic trends and market dynamics affecting the global shipping sector, providing insights from industry leaders and discussions following annual corporate results [2]. Meeting Registration - Institutional investors interested in scheduling a one-on-one meeting with Safe Bulkers can register through a provided link [3].

MONACO, March 19, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. ("Safe Bulkers") (NYSE:SB), an international provider of marine drybulk transportation services, announced today it will participate in the 19th Annual Capital Link International Shipping Forum on Monday, March 31, 2025, at the Metropolitan Club in New York City. During the forum, Safe Bulkers will be available for one-on-one meetings with institutional investors. The 19th Annual Capital Link International Shipping Forum is a leading event that w ...

Core Insights - The 3rd Capital Link Cyprus Business Forum will take place on April 4, 2025, featuring keynote speakers including H.E. Nikos Christodoulides, President of the Republic of Cyprus [1][4] - The forum aims to enhance Cyprus's profile in the international investment community, focusing on its business and investment landscape [2][8] Event Overview - The forum is organized in collaboration with the Cyprus Union of Shipowners and supported by Invest Cyprus and the Deputy Shipping Ministry of the Republic of Cyprus [2] - It will address key topics such as security, energy, cyber technology, banking, finance, and shipping [3] Keynote Speakers and Agenda - Keynote remarks will be delivered by H.E. Nikos Christodoulides, with introductory remarks by Mr. Andreas Hadjiyiannis, CEO of Cyprus Sea Lines [4] - The event will conclude with the NYSE Closing Bell ceremony, featuring Mr. Polys Hajioannou, CEO of Safe Bulkers, Inc. [5][11] Economic Landscape - Cyprus is positioned as a major hub for financial services, energy, logistics, shipping, and technology, attracting global entrepreneurs and investors [6] - Recent credit rating upgrades indicate a stable and competitive economic environment, enhancing investor confidence [7] Strategic Positioning - The forum will provide insights into Cyprus's strategic role as a gateway for investment in Europe, the Middle East, and beyond [8] - Cyprus's competitive advantages include a robust maritime cluster, managing over 7% of the global fleet, and serving as a regional financial, insurance, and legal hub [9]