Safe Bulkers, Inc.

SB ·Industrials, Marine Shipping, Monaco

Net Cash Flow Breakdown

FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017 FY2016 FY2015 FY2014 FY2013 FY2012 FY2011 FY2010 FY2009

Total Cash from Operations: $160.8M

Line Item	Value	% of Total
Other Investing	$151.3M	94.1%
Working Capital	$9.4M	5.9%