Safe Bulkers, Inc. reported a significant decline in operating and net income for 2025, impacted by weaker drybulk freight rates and rising operating costs. The company operates a fleet of 45 vessels averaging about 10.5 years in age, complemented by six newbuilds scheduled through 2029 to enhance environmental compliance and efficiency. A balanced charter mix provides revenue stability while allowing market flexibility. The firm maintains strong liquidity, pays quarterly dividends on both common and preferred shares, and has authorized a $10 million common stock repurchase program to support shareholder returns. Key milestones include new vessel deliveries, charter contract renewals, and monitoring inflationary pressures on operating expenses.