SFL - Third Quarter 2025 Results

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Preliminary Q3 2025 results and quarterly cash dividend of $0.20 per share

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Hamilton, Bermuda, November 11, 2025, SFL Corporation Ltd. (“SFL” or the “Company”) today announced preliminary financial results for the quarter ended September 30, 2025, and its 87^th consecutive quarterly dividend.

Highlights

• 87^th consecutive quarterly dividend declared, $0.20 per share
• Generated total operating revenues of $178 million, of which approximately 86 % of charter hire from shipping and 14 % from energy
• Adjusted EBITDA of $113 million, including $8 million from associated companies
• Reported net income of $8.6 million or $0.07 per share
• Continuous fleet optimization with the sale of older dry bulk and container vessels and efficiency upgrades on multiple modern vessels
  
  

Ole B. Hjertaker, CEO of SFL Management AS, said in a comment:

«SFL continues to strengthen its position as a leading maritime infrastructure company, with the majority of vessels and rigs on long term time charters to industrial end users. This strategy provides strong earnings visibility and a solid foundation for sustainable shareholder returns.

We remain focused on maintaining a modern and efficient fleet. So far, we have invested nearly $100 million in fuel efficiency and cargo optimization upgrades, improving both operational performance and environmental footprint. These initiatives have contributed to adding approximately $1.2 billion to our fixed rate charter backlog. And with the exception of our legacy drilling rig Hercules, all our assets are employed on profitable charters with high utilization. We remain optimistic about securing new employment for Hercules next year and continue to explore strategic opportunities to unlock additional value.

Our fixed rate charter backlog stands at approximately $4 billion, providing strong cash-flow visibility and supporting our long term dividend distribution capacity. Combined with our disciplined capital allocation and focus on accretive investments, SFL remains well positioned to deliver consistent value to its shareholders.»

Quarterly Dividend

The Board of Directors has declared a quarterly cash dividend of $0.20 per share. The dividend will be paid on or around December 29, 2025. The record date and ex-dividend date on the New York Stock Exchange will be on December 12, 2025.

The full report can be found in the link below and at the Company’s website www.sflcorp.com.

Webcast and Presentation

In connection with the earnings release, a webcast will be held today at 10:00 AM (EST) / 4:00 PM (CET)