Safe Bulkers disclosed a new share repurchase program that authorizes the company to buy back up to 10 million common shares, representing 9.8 % of the company’s shares outstanding and 20 % of its public float. The program supersedes all prior repurchase plans and will be funded entirely from the company’s existing cash resources, underscoring a strong liquidity position.
The announcement follows a strong Q3 2025 earnings release in which Safe Bulkers reported revenue of $73.1 million and net income of $17.8 million, translating to earnings per share of $0.12—$0.01 above the consensus estimate of $0.11. Revenue also beat expectations, topping the $66.64 million forecast. The beat was driven by higher charter rates in the grain and coal segments, coupled with disciplined cost management that kept operating expenses in line with revenue growth.
Management highlighted the company’s resilience amid industry headwinds. President Dr. Loukas Barmparis noted that postponed IMO net‑zero measures, geopolitical tensions, and shifting trade patterns have increased volatility, yet the company remains confident in its capital structure and continues to invest in fleet renewal and environmental upgrades. Chief Financial Officer Konstantinos Adamopoulos added that the third‑quarter charter market was weaker than the same period in 2024, with lower charter hires and reduced earnings from scrubber‑fitted vessels, but that the company’s cost base remained under control.
The buyback program signals management’s belief that the stock is undervalued and that returning capital to shareholders will enhance earnings per share and overall shareholder value. It also reflects the company’s broader strategy of maintaining a robust cash position while pursuing fleet renewal and compliance with evolving environmental regulations, positioning Safe Bulkers to capture opportunities in a cyclical market.
Investors responded positively to the announcement, reflecting confidence in the company’s capital allocation strategy and its outlook for continued operational strength.
The program demonstrates Safe Bulkers’ commitment to shareholder value, reinforces its financial flexibility, and aligns with its strategic focus on fleet renewal and environmental compliance, positioning the company for sustainable growth in a volatile industry.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.