Safe Bulkers, Inc. Reports Fourth Quarter 2025 Results and Declares Dividend on Common Stock in Hellenic Shipping News 20/02/2026 Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and twelve-month periods ended December 31, 2025. The Board of Directors (the “Board”) of the Company also declared a cash dividend of $0.05 per share of outstanding common stock. Management Commentary Dr. Loukas Barmparis, President of the Company, said: “During 2025 the dry-bulk market witnessed increased market volatility mainly due to geopolitical reasons. In the fourth quarter of 2025 we achieved 14 cents of adjusted earnings per share and our Board has declared a five cents per share dividend rewarding our common shareholders. The Company maintains a prudent balance between spot and time-charter exposure, allowing it to capture market opportunities while preserving cash flow visibility, and a strong capital structure providing flexibility in our capital allocation.” Ten Million Shares of Common Stock Repurchase Program In December 2025, the Company authorized a program under which it might from time to time in the future purchase up to 10,000,000 shares of the Company’s common stock. Should the maximum number of shares of the Company’s common stock be purchased pursuant to the aforementioned program, it would represent approximately 9.8% of the shares of the Company’s common stock outstanding and 20.0% of its public float. The program does not obligate the Company to purchase shares of the Company’s common stock, and it may be modified or terminated at any time without prior notice. Any such purchases would be made in the open market in compliance with applicable laws and regulations, and that purchases on the open market would be conducted within the safe harbor provisions of Regulation 10b-18 under the Securities Exchange Act of 1934, as amended. As of February 13, 2026, the Company had purchased and cancelled 91,443 shares of common stock under the aforementioned program. The purchases were funded using the Company’s existing cash resources. Credit facilities In December 2025, the Company amended the terms of an existing $100 million senior secured revolving credit facility, originally entered into in December 2024, to incorporate a mechanism that adjusts the interest margin based on independently verified performance related to fleet carbon intensity index, measured against annual sustainability performance targets. The result of the adjustment was to align this amended financing with the Company’s corporate sustainability agenda. Environmental Investments – Dry-Dockings The Company is gradually renewing its fleet with newbuilds designed to meet the International Maritime Organization (the “IMO”) regulations related to the Phase 3 reduction of greenhouse gas emissions (the “IMO GHG Phase 3”) and nitrogen oxide emissions (the “IMO NOx Tier III”) while selectively selling older vessels. Furthermore, the Company is continuing the environmental upgrade program of its existing fleet, targeting increased energy efficiency and lower fuel consumption, which is expected to reduce GHG emissions. As of February 13, 2026, 26 existing vessels had been upgraded. The cost of low-friction paint applications that are part of the environmental upgrades is recorded as operating expenses, while the cost of energy saving devices is capitalized and recorded as capital expe