SFL - Third Quarter 2026 Results

The declared cash dividend marks SFL’s 91st consecutive quarterly dividend.

Rhea-AI Summary

SFL Corporation (SFL) reported preliminary third-quarter 2026 financial results, with net income of $37 million for the quarter ended September 30.

Earnings were $0.26 per share, operating revenues were $202 million, and adjusted EBITDA, an adjusted earnings measure, was $122 million, including $8 million from associated companies. The quarterly dividend is $0.22 per share, payable on or around December 28, with December 15, 2026 as the record and ex-dividend date.

SFL announced a seven-year charter extension for six 15,400 TEU container vessels. It also ordered three Very Large Ammonia Carriers and acquired two 8,800 TEU container vessel newbuildings, both with long-term charters. TEU measures container capacity in twenty-foot equivalents. Sales of four LR2 and three Suezmax tankers carry an expected book gain of approximately $175 million.

7 points · 0 major

PositiveiHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointNet income of $37 million, or $0.26 per share, reported for third-quarter 2026.
• Moderate pointOperating revenues of $202 million reported for third-quarter 2026.
• Moderate pointAdjusted EBITDA of $122 million included $8 million from associated companies in third-quarter 2026.
• Moderate pointSeven-year charter extension secured for six 15,400 TEU container vessels.
• Moderate pointThree Very Large Ammonia Carriers ordered with long-term charters.
• Moderate pointTwo 8,800 TEU container vessel newbuildings acquired with long-term charters.
• Moderate point. Forward-looking: it has not happened yet and may not happen.Expected book gain of approximately $175 million from sales of four LR2 and three Suezmax tankers. 10% of market cap

Negative

• None.

Key Figures

Total operating revenues: $202 million Adjusted EBITDA: $122 million Net income: $37 million +5 more

Total operating revenues

$202 million

Preliminary Q3 2026 results

Adjusted EBITDA

$122 million

Q3 2026; includes $8 million from associated companies

Net income

$37 million

Reported for Q3 2026

Earnings per share

$0.26 per share

Reported for Q3 2026

Quarterly cash dividend

$0.22 per share

Declared for the quarter

Consecutive quarterly dividends

91st

Dividend declared

Charter extension

Seven years for six vessels

15,400 TEU container vessels

Expected book gain

Approx. $175 million

Sale of four LR2 and three Suezmax tankers

Previous Earnings Reports

1 past event · Latest: Aug 26

Same Type 1 event

1. Aug 26

   Q2 earnings results

   24h Move

   -1.6%

   Q2 reported $201 million revenue, $130 million adjusted EBITDA, $34 million net income and a $0.22 dividend.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

adjusted ebitda, teu, very large ammonia carriers, suezmax

4 terms

adjusted ebitda financial

"Adjusted EBITDA1 of $122 million, including $8 million from associated companies"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

teu technical

"six 15,400 TEU container vessels"

TEU stands for twenty-foot equivalent unit, a standard measure of containerized cargo capacity equal to one 20-foot long shipping container. Investors use TEUs to compare the size, throughput and utilization of ships, ports and logistics networks—think of it as counting parking spots for containers—which affects revenue potential, shipping costs and the flow of goods that influence supply chains and company earnings.

very large ammonia carriers technical

"Newbuild order for three Very Large Ammonia Carriers"

A very large ammonia carrier is a seagoing tanker specially built to transport liquefied anhydrous ammonia in bulk over long distances; it uses purpose-designed cargo tanks, piping and safety systems to keep ammonia refrigerated or pressurized and to prevent leaks, corrosion and toxic vapour release. These ships are larger-capacity variants of ammonia tankers and require specialized materials, gas-tight containment, inerting and emergency systems, plus compliance with strict international and port safety and environmental rules, and therefore operate only on routes and at terminals equipped to handle ammonia cargoes.

suezmax technical

"Sale of four LR2 and three Suezmax tankers"

Suezmax is the classification for the largest oil tanker size that can pass through the Suez Canal fully loaded; think of it as the biggest truck that still fits down a narrow highway. It matters to investors because ship size influences shipping costs, route choices and supply-chain flexibility — factors that affect oil transport expenses, freight rates and the profitability of energy and shipping companies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Preliminary Q3 2026 results and quarterly cash dividend of $0.22 per share

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SFL Corporation Ltd. (“SFL” or the “Company”) today announced preliminary financial results for the quarter ended September 30, 2026.

Highlights

• 91^st consecutive quarterly dividend declared, $0.22 per share
• Total operating revenues of $202 million
• Adjusted EBITDA¹ of $122 million, including $8 million from associated companies
• Reported net income of $37 million or $0.26 per share
• Seven-year charter extension for six 15,400 TEU container vessels
• Newbuild order for three Very Large Ammonia Carriers with long term charters
• Acquisition of two 8,800 TEU container vessel newbuildings, in combination with long term charters
• Sale of four LR2 and three Suezmax tankers, with an expected book gain of approx. $175 million

Quarterly Dividend

The Board of Directors has declared a quarterly cash dividend of $0.22 per share. The dividend will be paid on or around December 28, and the record- and ex-dividend date on the New York Stock Exchange will be December 15, 2026.

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 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 Conference Call 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 "Webcast", or access directly via the webcast link below. The webcast with slideshow will be played live from this platform:

SFL Corporation Ltd. Q3 2026 Webcast

B: Join Conference Call and Participate in Live Q&A through Zoom:
Join through the Zoom link below to ask a question:

SFL Q3 2026 Q&A

Meeting ID: 929 4993 1646
Passcode: 083323

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 Contacts:
Espen Nilsen Gjøsund, Vice President - Investor Relations, +47 47 50 05 00
André Reppen, Chief Treasurer & Senior Vice President, +47 23 11 40 55
Aksel Olesen, Chief Financial Officer, +47 23 11 40 36

Media Contact:
Ole B. Hjertaker, Chief Executive Officer, SFL Management AS
+47 23 11 40 11

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 ongoing 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.

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¹ ‘Adjusted EBITDA’ is a non-U.S. GAAP measure. It represents cash receipts from operating activities before net interest and capital payments.

Attachment

• SFL - Third Quarter 2026 Results

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were SFL’s preliminary earnings for the third quarter of 2026?

SFL reported preliminary net income of $37 million, or $0.26 per share, for the quarter ended September 30, 2026. Operating revenues were $202 million, and adjusted EBITDA was $122 million, including $8 million from associated companies.

How much is SFL’s quarterly dividend and when will it be paid?

SFL declared a $0.22-per-share quarterly cash dividend, payable on or around December 28. The record and ex-dividend date on the New York Stock Exchange is December 15, 2026. This is the company’s 91st consecutive quarterly dividend.