Safe Bulkers completes EUR 80.40 million placement. Safe Bulkers stock falls 2.52 percent

Published on 10/02/2026 at 21:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 169.00 million in the first half of 2026. Safe Bulkers stock costs EUR 7.75 on October 2, 2026 after EUR 7.95.

SB, MHY7388L1039, Illustration mit AI erstellt.

Safe Bulkers (ISIN MHY7388L1039) completed a EUR 80.40 million private placement involving 12.00 million shares on September 9, 2026, according to Mononews. Safe Bulkers stock fell 2.52 percent in the Lang & Schwarz after-hours quote on October 2, 2026.

Placement expands capital access

The placement generated gross proceeds of EUR 80.40 million, or USD 92.30 million, and followed the company shares' trading debut on Euronext Athens in 2026, according to Safe Bulkers' October presentation. The company remains primarily listed on the New York Stock Exchange under the symbol SB, while the same common shares trade in Athens with the same ISIN, according to xrimatistirio.com.

The capital raise adds to liquidity available for fleet renewal. Safe Bulkers reported USD 143.00 million in cash and USD 200.00 million in undrawn revolving credit capacity as of June 30, 2026, while contracted revenue stood at USD 153.80 million for the same date.

Second-quarter earnings improved

Revenue reached USD 87.47 million in the second quarter of 2026, compared with USD 77.50 million expected by analysts, according to MarketBeat. Adjusted EBITDA increased to USD 50.30 million from USD 25.50 million in the second quarter of 2025, while adjusted earnings per share rose to USD 0.28 from USD 0.01, according to the Yahoo Finance transcript.

First-half 2026 revenue totaled USD 169.00 million. The earnings mix matters because higher charter hires helped lift adjusted EBITDA while daily vessel operating expenses declined 6.00 percent to USD 6,207 in the second quarter, according to the same company call.

Stock trades below yearly high

Safe Bulkers had a USD 4.14 to USD 9.31 52-week range and a USD 887.4 million market capitalization on October 2, 2026. MarketBeat listed a USD 6.00 consensus price target and a Moderate Buy rating in its stock profile, while the company's October presentation cited a USD 9.80 target from DNB Carnegie dated September 15, 2026.

After-hours price falls

Safe Bulkers was trading at EUR 7.75 at Lang & Schwarz on October 2, 2026 at 9:21 p.m. CEST, after the October 1, 2026 prior close of EUR 7.95. The quote was in the after-hours phase and showed a minus 2.52 percent change versus that prior close.