Star Bulk reports a net profit of $0.5 million for the first quarter of 2025, demonstrating resilience despite seasonal market softness. With continued commitment to shareholder value, the company declares a $0.05 per share dividend – our 17th consecutive quarter of capital returns – bringing the total to approximately $1.35 billion to date.
CEO Petros Pappas commented:
“Our disciplined capital allocation strategy continues to prioritize shareholder value by combining dividends and share buybacks. Going forward, we plan to remain committed to this strategy. On the S&P front, we continue to selectively dispose of older and smaller tonnage that does not fit our commercial profile. Operationally, we significantly surpassed our $50.0 million cost and revenue synergy target, delivering meaningful cost savings to our shareholders. Despite global market volatility and the uncertain effect of tariffs on global economic growth and trade, we are constructive about the medium and longer-term prospects of our industry, supported by a favorable order book and the IMO’s recent decision to implement global market-based measures to reduce GHG emissions – a decision that will effectively reduce the supply of tonnage.”
For more information, please see our Press Release:
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