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The company, which is listed on the NYSE and became the first shipping company whose common shares are traded on both the NYSE and Euronext Athens last June, posted a net profit of $96.3 million, compared with $26.7 million in the same period of 2025. In the third quarter, the company reported a net profit of $39 million, up $21.2 million year-on-year.<\/p>\n
Commenting on the company\u2019s financial results, Safe Bulkers President Dr Loukas Barmparis, whose company operates a fleet of 46 bulk carriers, said:<\/p>\n
\u201cWe delivered strong financial performance, in line with prevailing market conditions. Adjusted earnings per share (EPS) stood at 31 cents in the third quarter of 2026, more than double the figure recorded in the same quarter of 2025.<\/p>\n
\u201cOur Board of Directors approved an increased dividend of 9 cents per common share. Following the private placement of shares with institutional investors through Euronext Athens, we diversified our investor base and further strengthened our balance sheet, liquidity and capital resources.\u201d<\/p>\n
In June 2026, Safe Bulkers Inc. became the first shipping company to have its common shares traded on both the NYSE and Euronext Athens.<\/p>\n
In September 2026, the company placed 12 million newly issued common shares through Euronext Athens with selected European institutional investors, following an accelerated bookbuilding process.<\/p>\n
The move aimed to gradually increase the…<\/p>\n<\/div>\n