SFL – Fourth Quarter 2025 Results
Rhea-AI Summary
SFL (NYSE:SFL) reported preliminary Q4 2025 results and declared its 88th consecutive quarterly dividend of $0.20 per share, payable on or around March 30, 2026, with record/ex-dividend date March 12, 2026.
Key figures: total operating revenues $176 million (≈87% shipping, 13% energy), Adjusted EBITDA $109 million (includes $8 million from associates), and a reported net loss $4.7 million ($0.04 per share). The company received $52 million net proceeds from sale of two 2015 Suezmax tankers and made a $23 million investment in two 2020 Suezmax tankers. A webcast and presentation were scheduled for February 11, 2026.
Positive
- Declared 88th consecutive quarterly dividend of $0.20 per share
- Adjusted EBITDA of $109 million, including $8 million from associates
- Received $52 million net proceeds from sale of two 2015 Suezmax tankers
- Invested $23 million in two 2020 Suezmax tankers, gaining exposure to strong tanker market
Negative
- Reported net loss of $4.7 million, or $0.04 per share
- Revenue concentrated in shipping (~87%), exposing results to tanker market volatility
News Market Reaction – SFL
On the day this news was published, SFL gained 9.53%, reflecting a notable positive market reaction. Argus tracked a peak move of +6.9% during that session. Our momentum scanner triggered 36 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $129M to the company's valuation, bringing the market cap to $1.49B at that time. Trading volume was elevated at 2.1x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Peers showed mixed moves pre-news: GSL -0.21%, NMM -0.94%, ECO +1.03%, CCEC +0.21%, GNK +3.17%, suggesting stock-specific drivers for SFL.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 04 | Earnings presentation invite | Neutral | -1.0% | Notice of Q4 2025 results release timing and webcast details. |
| Nov 11 | Results presentation | Neutral | +9.4% | Preliminary Q3 2025 results presentation materials made available. |
| Nov 11 | Quarterly earnings | Positive | +9.4% | Q3 2025 results with $178M revenues, $113M Adjusted EBITDA and $0.20 dividend. |
| Aug 19 | Results presentation | Neutral | -16.6% | Q2 2025 preliminary results presentation availability announcement. |
| Aug 19 | Quarterly earnings | Negative | -16.6% | Q2 2025 results with $1.5M net income, $0.20 dividend and lower earnings. |
Earnings-related headlines have produced mixed but often sizable moves, with both strong gains and steep declines, while the company has maintained a long streak of quarterly dividends.
Over the last few quarters, SFL has repeatedly highlighted preliminary results and consistent quarterly dividends, including its 86th and 87th consecutive payouts of $0.20 per share. Earnings releases have shown modest net income in some periods and very small profits in others, alongside active fleet renewal and backlog-building initiatives. Price reactions around these earnings and presentation notices have ranged from sharp drops near -16.65% to strong gains above +9%, underscoring volatile sentiment around results.
Historical Comparison
In the past year, SFL’s earnings-related headlines produced an average move of -3.08%, with reactions ranging from strong double-digit gains to similarly large declines.
Earnings updates show a pattern of maintaining a $0.20 quarterly dividend while results fluctuate, supported by fleet renewal, backlog additions and periodic presentation-focused releases.
Market Pulse Summary
The stock moved +9.5% in the session following this news. A strong positive reaction aligns with SFL’s history of sizable moves around earnings updates, where past reactions have ranged between steep declines and gains over 9%. The combination of a continued $0.20 dividend, solid Q4 $176 million in revenues and $109 million Adjusted EBITDA alongside net loss recognition could have been interpreted constructively. Investors should also consider ongoing fleet portfolio shifts and prior volatility when assessing durability.
Key Terms
adjusted ebitda financial
suezmax technical
webcast technical
AI-generated analysis. Not financial advice.
Preliminary Q4 2025 results and quarterly cash dividend of
SFL Corporation Ltd. (“SFL” or the “Company”) today announced preliminary financial results for the quarter ended December 31, 2025, and its 88th consecutive quarterly dividend.
Highlights
- 88th consecutive quarterly dividend declared,
$0.20 per share - Total operating revenues of
$176 million , of which approximately 87 % was from shipping and 13 % from energy - Adjusted EBITDA1 of
$109 million , including$8 million from associated companies - Reported net loss of
$4.7 million or$0.04 per share $52 million net proceeds from the sale of two 2015 built Suezmax tankers, with deliveries in December and February$23 million aggregate investment in two 2020 built Suezmax tankers, with exposure to a very strong tanker market
Quarterly Dividend
The Board of Directors has declared a quarterly cash dividend of
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)
In order to listen to the webcast and see the presentation, you may do one of the following:
A: Join Webcast in Listen Only Mode:
Visit the Investor Relations section of the Company’s website at www.sflcorp.com and click on the link to "Webcasts", or access directly via the webcast link below. The webcast with slideshow will be played from this platform:
SFL Corporation Ltd. Q4 2025 Webcast
B: Join Conference Call to Participate in Live Q&A through Zoom:
Join through the Zoom link below to ask a question:
SFL Q4 2025 Q&A
Meeting ID: 917 5028 3786
Passcode: 397891
The presentation material used in the webcast may be downloaded at www.sflcorp.com and replay details are also available at the Company website.
Questions may be directed to SFL Management AS:
Investor and Analyst Contact
Espen Nilsen Gjøsund, Vice President - Investor Relations: +47 47500500
André Reppen, Chief Treasurer & Senior Vice President: +47 23114055
Aksel C. Olesen, Chief Financial Officer: +47 23114036
Media Contact
Ole B. Hjertaker, Chief Executive Officer: +47 23114011
About SFL
SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The Company’s fleet of vessels is comprised of tanker vessels, bulkers, container vessels, car carriers and offshore drilling rigs. SFL’s long term distribution capacity is supported by a portfolio of long term charters and significant growth in the asset base over time. More information can be found on the Company’s website: www.sflcorp.com
Cautionary Statement Regarding Forward Looking Statements
This press release may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including SFL management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although SFL believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, SFL cannot give assurance that it will achieve or accomplish these expectations, beliefs or intentions.
Important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward looking statements include the strength of world economies, fluctuations in currencies and interest rates, general market conditions in the seaborne transportation industry, which is cyclical and volatile, including fluctuations in charter hire rates and vessel values, changes in demand in the markets in which the Company operates, including shifts in consumer demand from oil towards other energy sources or changes to trade patterns for refined oil products, changes in market demand in countries which import commodities and finished goods and changes in the amount and location of the production of those commodities and finished goods, technological innovation in the sectors in which we operate and quality and efficiency requirements from customers, increased inspection procedures and more restrictive import and export controls, changes in the Company’s operating expenses, including bunker prices, dry docking and insurance costs, performance of the Company’s charterers and other counterparties with whom the Company deals, the impact of any restructuring of the counterparties with whom the Company deals, and timely delivery of vessels under construction within the contracted price, governmental laws and regulations, including environmental regulations, that add to our costs or the costs of our customers, potential liability from pending or future litigation, potential disruption of shipping routes due to accidents, political instability, terrorist attacks, piracy or international hostilities, the length and severity of the coronavirus outbreak and governmental responses thereto and the impact on the demand for commercial seaborne transportation and the condition of the financial markets, and other important factors described from time to time in the reports filed by the Company with the United States Securities and Exchange Commission. SFL disclaims any intention or obligation to update or revise any forward looking statements, whether as a result of new information, future events or otherwise, except as required by law.
1 ‘Adjusted EBITDA’ is a non-U.S. GAAP measure. It represents cash receipts from operating activities before net interest and capital payments.
Attachment
FAQ
What dividend did SFL (SFL) declare for Q1 2026 and when will it be paid?
How did SFL perform financially in Q4 2025: revenue, EBITDA and net income for SFL?
What asset sales and investments did SFL announce in the Q4 2025 release?
How much of SFL’s Q4 2025 revenue came from shipping versus energy?
Where and when can investors view SFL’s Q4 2025 webcast and presentation?
