SFL declares $0.20 quarterly dividend amid strong Q3 performance

SFL Corporation Ltd. announced a preliminary Q3 2025 net income of $8.6 million, or $0.07 per share, and declared its 87th consecutive quarterly dividend of $0.20 per share, payable on December 29, 2025. The company generated total operating revenues of $178 million, with approximately 86% from shipping and 14% from energy, achieving an Adjusted EBITDA of $113 million, including $8 million from associated companies.

The company's fixed-rate charter backlog stands at approximately $4.0 billion, with a weighted remaining charter term of 6.5 years, providing strong cash flow visibility. Strategic investments include nearly $100 million in fuel efficiency and cargo optimization upgrades, contributing to an additional $1.2 billion in the fixed-rate charter backlog.

SFL also continues fleet optimization through the sale of older dry bulk and container vessels. As of September 30, 2025, cash and cash equivalents totaled $278 million, with $44 million available under undrawn credit lines. The company has five 16,800 TEU container vessels under construction, with scheduled delivery in 2028 and remaining capital expenditures of approximately $850 million, all chartered for ten years upon delivery.