SFL – Fourth Quarter 2025 Results
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.
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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
Details
News Market Reaction – SFL
On Feb 11, the day this news came out, SFL closed 9.53% above the previous close.
Data tracked by StockTitan Argus for the Feb 11 session.
Key Figures
- Quarterly dividend
- $0.20 per share
- 88th consecutive quarterly dividend; payable on or around March 30, 2026
- Total operating revenues
- $176 million
- Preliminary Q4 2025 total operating revenues
- Adjusted EBITDA
- $109 million
- Preliminary Q4 2025, including $8 million from associated companies
- Net loss
- $4.7 million
- Reported preliminary Q4 2025 net loss
- Loss per share
- $0.04 per share
- Reported preliminary Q4 2025 net loss per share
- Net proceeds from vessel sale
- $52 million
- Net proceeds from sale of two 2015-built Suezmax tankers
- Investment in Suezmax tankers
- $23 million
- Aggregate investment in two 2020-built Suezmax tankers
- Shipping revenue mix
- 87% shipping, 13% energy
- Revenue composition for preliminary Q4 2025 operating revenues
Previous Earnings Reports
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Notice of Q4 2025 results release timing and webcast details.
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Preliminary Q3 2025 results presentation materials made available.
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Q3 2025 results with $178M revenues, $113M Adjusted EBITDA and $0.20 dividend.
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Q2 2025 preliminary results presentation availability announcement.
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Q2 2025 results with $1.5M net income, $0.20 dividend and lower earnings.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
adjusted ebitda financial
suezmax technical
webcast technical
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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
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